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%14.4%
1 years$56,154$55,654$55,166$54,689$54,224$53,238
2 years$27,799$27,281$26,779$26,293$25,821$24,831
3 years$18,349$17,829$17,328$16,846$16,382$15,419
4 years$13,624$13,106$12,610$12,137$11,684$10,755
5 years$10,790$10,275$9,786$9,322$8,882$7,990
6 years$8,902$8,390$7,909$7,455$7,028$6,175
7 years$7,553$7,046$6,572$6,129$5,716$4,901
8 years$6,542$6,040$5,574$5,142$4,742$3,965
9 years$5,757$5,259$4,801$4,379$3,993$3,254
10 years$5,128$4,635$4,185$3,775$3,402$2,700
11 years$4,615$4,127$3,685$3,286$2,926$2,260
12 years$4,187$3,704$3,270$2,882$2,536$1,905
13 years$3,825$3,347$2,922$2,544$2,211$1,615
14 years$3,515$3,043$2,625$2,258$1,938$1,375
15 years$3,247$2,779$2,370$2,014$1,707$1,175
16 years$3,013$2,550$2,149$1,803$1,508$1,008
17 years$2,806$2,348$1,955$1,620$1,337$867
18 years$2,622$2,170$1,785$1,460$1,189$747
19 years$2,459$2,011$1,634$1,320$1,060$645
20 years$2,311$1,869$1,500$1,195$947$558
21 years$2,178$1,741$1,379$1,085$847$483
22 years$2,057$1,625$1,271$986$759$419
23 years$1,947$1,520$1,174$898$682$364
24 years$1,846$1,424$1,086$819$613$316
25 years$1,753$1,336$1,005$748$551$275
26 years$1,668$1,256$933$684$497$239
27 years$1,589$1,182$866$626$448$208
28 years$1,516$1,114$805$574$404$181
29 years$1,448$1,051$749$526$365$158
30 years$1,384$992$698$483$330$138
31 years$1,325$938$651$443$298$120
32 years$1,270$888$607$407$270$105
33 years$1,218$841$567$375$244$92
34 years$1,169$797$530$345$221$80
35 years$1,123$756$495$317$200$70
36 years$1,080$717$463$292$181$61
37 years$1,039$681$433$269$164$53
38 years$1,001$647$406$248$149$46
39 years$964$616$380$229$135$41
40 years$930$586$356$211$123$35
41 years$897$558$334$195$111$31
42 years$866$531$314$180$101$27
43 years$836$506$294$166$92$24
44 years$808$482$276$153$83$21
45 years$781$460$259$141$75$18
46 years$755$439$244$131$68$16
47 years$731$419$229$121$62$14
48 years$708$400$215$112$56$12
49 years$685$382$202$103$51$11
50 years$664$365$190$95$47$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $680,000, adding $5,194 every year, while hoping to spend $33,370 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: 84/10/6 Blend
29$680,000$680,000$680,000$680,000
30$754,718$718,678$708,138$817,432
31$796,193$718,387$696,355$858,848
32$840,781$716,965$683,059$899,251
33$888,763$714,318$668,164$942,573
34$940,450$710,352$651,580$989,084
35$996,181$704,965$633,213$1,039,083
36$1,056,330$698,047$612,964$1,092,898
37$1,121,309$689,484$590,731$1,150,891
38$1,191,568$679,154$566,407$1,213,461
39$1,267,604$666,929$539,877$1,281,047
40$1,349,962$652,671$511,026$1,354,133
41$1,439,243$636,237$479,730$1,433,250
42$1,536,104$617,471$445,860$1,518,986
43$1,641,273$596,213$409,282$1,611,986
44$1,755,546$572,291$369,856$1,712,962
45$1,879,801$545,523$327,436$1,822,699
46$2,015,004$515,716$281,868$1,942,061
47$2,162,217$482,669$232,993$2,072,000
48$2,322,608$446,164$180,643$2,213,565
49$2,497,464$405,976$124,644$2,367,914
50$2,688,201$361,865$64,816$2,536,319
51$2,896,377$313,576$966$2,720,185
52$3,123,707$260,841$0$2,921,059
53$3,372,079$203,376$0$3,144,949
54$3,643,573$140,884$0$3,389,777
55$3,940,477$73,047$0$3,657,569
56$4,265,311$0$0$3,950,622
57$4,620,850$0$0$4,271,518
58$5,010,148$0$0$4,631,697
59$5,436,571$0$0$5,026,236
60$5,903,823$0$0$5,458,565
61$6,415,987$0$0$5,932,460
62$6,977,555$0$0$6,452,081
63$7,593,477$0$0$7,022,011
64$8,269,207$0$0$7,647,296
65$9,010,749$0$0$8,333,495
66$9,824,717$0$0$9,086,731
67$10,718,399$0$0$9,913,748
68$11,699,820$0$0$10,821,977
69$12,777,823$0$0$11,819,601
70$13,962,148$0$0$12,915,636
71$15,263,525$0$0$14,120,017
72$16,693,776$0$0$15,443,684
73$18,265,923$0$0$16,898,692
74$19,994,315$0$0$18,498,324
75$21,894,759$0$0$20,257,212
76$23,984,670$0$0$22,191,476
77$26,283,237$0$0$24,318,877
78$28,811,600$0$0$26,658,986
79$31,593,050$0$0$29,233,362
80$34,653,253$0$0$32,065,762
81$38,020,485$0$0$35,182,361
82$41,725,901$0$0$38,611,999
83$45,803,830$0$0$42,386,452
84$50,292,098$0$0$46,540,735
85$55,232,381$0$0$51,113,426
86$60,670,604$0$0$56,147,036
87$66,657,368$0$0$61,688,406
88$73,248,430$0$0$67,789,149
89$80,505,229$0$0$74,506,136
90$88,495,463$0$0$81,902,034
91$97,293,731$0$0$90,045,896
92$106,982,231$0$0$99,013,812
93$117,651,541$0$0$108,889,628
94$129,401,470$0$0$119,765,734
95$142,342,000$0$0$131,743,937
96$156,594,325$0$0$144,936,424
97$172,291,989$0$0$159,466,814
98$189,582,155$0$0$175,471,330
99$208,626,983$0$0$193,100,083
100$229,605,168$0$0$212,518,485