Can I retire at age 30 with 680,000?

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 $680,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$56,154$55,654$55,166$54,689$54,224$52,176
2 years$27,799$27,281$26,779$26,293$25,821$23,781
3 years$18,349$17,829$17,328$16,846$16,382$14,415
4 years$13,624$13,106$12,610$12,137$11,684$9,804
5 years$10,790$10,275$9,786$9,322$8,882$7,095
6 years$8,902$8,390$7,909$7,455$7,028$5,334
7 years$7,553$7,046$6,572$6,129$5,716$4,115
8 years$6,542$6,040$5,574$5,142$4,742$3,233
9 years$5,757$5,259$4,801$4,379$3,993$2,574
10 years$5,128$4,635$4,185$3,775$3,402$2,070
11 years$4,615$4,127$3,685$3,286$2,926$1,678
12 years$4,187$3,704$3,270$2,882$2,536$1,369
13 years$3,825$3,347$2,922$2,544$2,211$1,122
14 years$3,515$3,043$2,625$2,258$1,938$923
15 years$3,247$2,779$2,370$2,014$1,707$762
16 years$3,013$2,550$2,149$1,803$1,508$630
17 years$2,806$2,348$1,955$1,620$1,337$522
18 years$2,622$2,170$1,785$1,460$1,189$434
19 years$2,459$2,011$1,634$1,320$1,060$361
20 years$2,311$1,869$1,500$1,195$947$301
21 years$2,178$1,741$1,379$1,085$847$250
22 years$2,057$1,625$1,271$986$759$209
23 years$1,947$1,520$1,174$898$682$174
24 years$1,846$1,424$1,086$819$613$146
25 years$1,753$1,336$1,005$748$551$122
26 years$1,668$1,256$933$684$497$102
27 years$1,589$1,182$866$626$448$85
28 years$1,516$1,114$805$574$404$71
29 years$1,448$1,051$749$526$365$60
30 years$1,384$992$698$483$330$50
31 years$1,325$938$651$443$298$42
32 years$1,270$888$607$407$270$35
33 years$1,218$841$567$375$244$29
34 years$1,169$797$530$345$221$24
35 years$1,123$756$495$317$200$20
36 years$1,080$717$463$292$181$17
37 years$1,039$681$433$269$164$14
38 years$1,001$647$406$248$149$12
39 years$964$616$380$229$135$10
40 years$930$586$356$211$123$8
41 years$897$558$334$195$111$7
42 years$866$531$314$180$101$6
43 years$836$506$294$166$92$5
44 years$808$482$276$153$83$4
45 years$781$460$259$141$75$3
46 years$755$439$244$131$68$3
47 years$731$419$229$121$62$2
48 years$708$400$215$112$56$2
49 years$685$382$202$103$51$2
50 years$664$365$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 $680,000, adding $3,729 every year, while hoping to spend $30,417 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: 44/42/14 Blend
29$680,000$680,000$680,000$680,000
30$753,206$717,166$706,626$783,156
31$797,670$719,944$697,935$807,222
32$845,650$721,839$687,933$829,945
33$897,471$722,774$676,544$853,910
34$953,494$722,671$663,689$879,246
35$1,014,113$721,444$649,285$906,092
36$1,079,760$719,002$633,244$934,607
37$1,150,913$715,251$615,475$964,968
38$1,228,096$710,088$595,883$997,369
39$1,311,884$703,405$574,368$1,032,028
40$1,402,913$695,088$550,825$1,069,187
41$1,501,879$685,016$525,147$1,109,115
42$1,609,549$673,060$497,218$1,152,111
43$1,726,767$659,085$466,919$1,198,507
44$1,854,463$642,946$434,126$1,248,672
45$1,993,658$624,490$398,709$1,303,017
46$2,145,477$603,556$360,532$1,361,994
47$2,311,159$579,973$319,453$1,426,110
48$2,492,065$553,560$275,323$1,495,923
49$2,689,697$524,125$227,987$1,572,054
50$2,905,705$491,467$177,284$1,655,193
51$3,141,909$455,371$123,045$1,746,101
52$3,400,310$415,610$65,093$1,845,625
53$3,683,112$371,946$3,245$1,954,700
54$3,992,744$324,125$0$2,074,367
55$4,331,877$271,880$0$2,215,147
56$4,703,456$214,930$0$2,370,068
57$5,110,722$152,976$0$2,540,082
58$5,557,247$85,702$0$2,726,783
59$6,046,961$12,777$0$2,931,931
60$6,584,197$0$0$3,157,470
61$7,173,725$0$0$3,436,125
62$7,820,800$0$0$3,748,547
63$8,531,210$0$0$4,091,638
64$9,311,332$0$0$4,468,486
65$10,168,190$0$0$4,882,498
66$11,109,520$0$0$5,337,423
67$12,143,848$0$0$5,837,393
68$13,280,564$0$0$6,386,960
69$14,530,013$0$0$6,991,138
70$15,903,593$0$0$7,655,453
71$17,413,861$0$0$8,385,992
72$19,074,651$0$0$9,189,460
73$20,901,206$0$0$10,073,247
74$22,910,320$0$0$11,045,494
75$25,120,495$0$0$12,115,171
76$27,552,117$0$0$13,292,161
77$30,227,648$0$0$14,587,352
78$33,171,839$0$0$16,012,744
79$36,411,957$0$0$17,581,556
80$39,978,049$0$0$19,308,356
81$43,903,224$0$0$21,209,195
82$48,223,959$0$0$23,301,757
83$52,980,452$0$0$25,605,531
84$58,216,993$0$0$28,141,991
85$63,982,386$0$0$30,934,798
86$70,330,408$0$0$34,010,023
87$77,320,316$0$0$37,396,399
88$85,017,404$0$0$41,125,581
89$93,493,624$0$0$45,232,454
90$102,828,258$0$0$49,755,458
91$113,108,670$0$0$54,736,951
92$124,431,131$0$0$60,223,610
93$136,901,722$0$0$66,266,867
94$150,637,339$0$0$72,923,401
95$165,766,796$0$0$80,255,667
96$182,432,038$0$0$88,332,487
97$200,789,481$0$0$97,229,702
98$221,011,489$0$0$107,030,882
99$243,287,998$0$0$117,828,121
100$267,828,311$0$0$129,722,901