Can I retire at age 30 with 679,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $679,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$56,071$55,572$55,084$54,609$54,144$52,037
2 years$27,758$27,241$26,740$26,254$25,783$23,686
3 years$18,322$17,802$17,303$16,821$16,358$14,336
4 years$13,604$13,087$12,592$12,119$11,667$9,736
5 years$10,775$10,260$9,772$9,308$8,869$7,034
6 years$8,889$8,378$7,897$7,444$7,018$5,280
7 years$7,542$7,036$6,562$6,120$5,707$4,066
8 years$6,533$6,031$5,566$5,134$4,735$3,189
9 years$5,748$5,251$4,794$4,373$3,987$2,534
10 years$5,121$4,629$4,179$3,770$3,397$2,035
11 years$4,608$4,121$3,679$3,281$2,922$1,646
12 years$4,181$3,698$3,265$2,878$2,532$1,340
13 years$3,819$3,342$2,917$2,541$2,208$1,096
14 years$3,510$3,038$2,621$2,255$1,935$899
15 years$3,242$2,775$2,367$2,011$1,704$741
16 years$3,008$2,546$2,146$1,801$1,506$612
17 years$2,802$2,345$1,952$1,618$1,335$506
18 years$2,619$2,167$1,782$1,458$1,187$419
19 years$2,455$2,008$1,632$1,318$1,058$348
20 years$2,308$1,866$1,497$1,193$945$289
21 years$2,175$1,738$1,377$1,083$846$240
22 years$2,054$1,623$1,269$985$758$200
23 years$1,944$1,518$1,172$897$681$167
24 years$1,843$1,422$1,084$818$612$139
25 years$1,751$1,334$1,004$747$551$116
26 years$1,665$1,254$931$683$496$96
27 years$1,586$1,180$865$625$447$80
28 years$1,513$1,112$804$573$403$67
29 years$1,445$1,049$748$525$364$56
30 years$1,382$991$697$482$329$47
31 years$1,323$937$650$443$298$39
32 years$1,268$886$606$407$269$33
33 years$1,216$839$566$374$244$27
34 years$1,167$795$529$344$221$23
35 years$1,122$755$494$317$200$19
36 years$1,078$716$462$292$181$16
37 years$1,038$680$433$269$164$13
38 years$999$646$405$248$149$11
39 years$963$615$380$229$135$9
40 years$928$585$356$211$122$8
41 years$896$557$334$194$111$6
42 years$864$530$313$179$101$5
43 years$835$505$294$166$91$4
44 years$807$482$276$153$83$4
45 years$780$459$259$141$75$3
46 years$754$438$243$131$68$3
47 years$730$418$228$121$62$2
48 years$707$399$215$111$56$2
49 years$684$381$202$103$51$2
50 years$663$364$190$95$47$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $679,000, adding $5,727 every year, while hoping to spend $25,260 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 62/17/21 Blend
29$679,000$679,000$679,000$679,000
30$754,165$718,178$707,654$796,470
31$804,214$726,493$704,484$834,037
32$858,521$734,368$700,361$871,717
33$917,493$741,755$695,227$912,282
34$981,581$748,604$689,020$956,014
35$1,051,276$754,860$681,676$1,003,227
36$1,127,121$760,463$673,127$1,054,267
37$1,209,714$765,353$663,304$1,109,515
38$1,299,712$769,462$652,131$1,169,393
39$1,397,837$772,720$639,533$1,234,366
40$1,504,887$775,054$625,427$1,304,947
41$1,621,736$776,382$609,730$1,381,701
42$1,749,349$776,621$592,352$1,465,253
43$1,888,789$775,681$573,201$1,556,293
44$2,041,222$773,467$552,181$1,655,581
45$2,207,937$769,877$529,189$1,763,957
46$2,390,350$764,804$504,120$1,882,346
47$2,590,021$758,135$476,863$2,011,770
48$2,808,668$749,748$447,303$2,153,357
49$3,048,182$739,516$415,318$2,308,349
50$3,310,648$727,303$380,782$2,478,118
51$3,598,358$712,966$343,562$2,664,179
52$3,913,841$696,351$303,522$2,868,200
53$4,259,880$677,299$260,517$3,092,024
54$4,639,539$655,638$214,396$3,337,681
55$5,056,196$631,188$165,002$3,607,413
56$5,513,569$603,758$112,171$3,903,692
57$6,015,757$573,146$55,732$4,229,242
58$6,567,271$539,137$0$4,587,072
59$7,173,084$501,506$0$4,981,505
60$7,838,672$460,014$0$5,428,583
61$8,570,070$414,407$0$5,919,882
62$9,373,923$364,419$0$6,459,895
63$10,257,555$309,767$0$7,053,575
64$11,229,033$250,154$0$7,706,381
65$12,297,246$185,263$0$8,424,329
66$13,471,987$114,763$0$9,214,050
67$14,764,045$38,301$0$10,082,853
68$16,185,307$0$0$11,038,793
69$17,748,870$0$0$12,099,073
70$19,469,166$0$0$13,273,576
71$21,362,094$0$0$14,566,001
72$23,445,173$0$0$15,988,317
73$25,737,707$0$0$17,553,712
74$28,260,966$0$0$19,276,716
75$31,038,384$0$0$21,173,342
76$34,095,784$0$0$23,261,231
77$37,461,622$0$0$25,559,823
78$41,167,249$0$0$28,090,538
79$45,247,213$0$0$30,876,981
80$49,739,582$0$0$33,945,159
81$54,686,302$0$0$37,323,730
82$60,133,597$0$0$41,044,276
83$66,132,398$0$0$45,141,593
84$72,738,831$0$0$49,654,026
85$80,014,738$0$0$54,623,829
86$88,028,269$0$0$60,097,563
87$96,854,520$0$0$66,126,534
88$106,576,240$0$0$72,767,279
89$117,284,616$0$0$80,082,099
90$129,080,130$0$0$88,139,646
91$142,073,511$0$0$97,015,572
92$156,386,773$0$0$106,793,241
93$172,154,374$0$0$117,564,518
94$189,524,478$0$0$129,430,634
95$208,660,360$0$0$142,503,141
96$229,741,940$0$0$156,904,968
97$252,967,484$0$0$172,771,576
98$278,555,478$0$0$190,252,240
99$306,746,685$0$0$209,511,458
100$337,806,419$0$0$230,730,501