Can I retire at age 30 with 681,000?

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 $681,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$56,236$55,735$55,247$54,770$54,304$52,905
2 years$27,840$27,321$26,819$26,332$25,859$24,459
3 years$18,375$17,855$17,354$16,871$16,406$15,049
4 years$13,644$13,125$12,629$12,155$11,701$10,397
5 years$10,806$10,290$9,801$9,336$8,895$7,647
6 years$8,915$8,403$7,920$7,466$7,038$5,849
7 years$7,564$7,057$6,582$6,138$5,724$4,592
8 years$6,552$6,049$5,582$5,149$4,749$3,675
9 years$5,765$5,267$4,808$4,386$3,999$2,981
10 years$5,136$4,642$4,191$3,781$3,407$2,445
11 years$4,621$4,133$3,690$3,290$2,930$2,022
12 years$4,193$3,709$3,275$2,886$2,539$1,683
13 years$3,831$3,352$2,926$2,548$2,214$1,409
14 years$3,521$3,047$2,629$2,262$1,941$1,184
15 years$3,252$2,783$2,374$2,017$1,709$999
16 years$3,017$2,554$2,152$1,806$1,511$845
17 years$2,810$2,352$1,958$1,623$1,339$717
18 years$2,626$2,173$1,788$1,462$1,191$609
19 years$2,462$2,014$1,636$1,321$1,061$519
20 years$2,315$1,872$1,502$1,197$948$442
21 years$2,181$1,743$1,381$1,086$848$378
22 years$2,060$1,627$1,273$988$761$323
23 years$1,950$1,522$1,176$899$683$276
24 years$1,849$1,426$1,087$820$614$236
25 years$1,756$1,338$1,007$749$552$202
26 years$1,670$1,258$934$685$497$173
27 years$1,591$1,184$867$627$448$149
28 years$1,518$1,115$806$574$405$128
29 years$1,450$1,052$750$527$365$109
30 years$1,386$994$699$483$330$94
31 years$1,327$939$651$444$298$81
32 years$1,272$889$608$408$270$69
33 years$1,220$842$568$375$244$60
34 years$1,171$798$530$345$221$51
35 years$1,125$757$496$318$200$44
36 years$1,082$718$464$293$182$38
37 years$1,041$682$434$270$165$32
38 years$1,002$648$407$249$149$28
39 years$966$616$381$229$135$24
40 years$931$587$357$211$123$21
41 years$898$558$335$195$111$18
42 years$867$532$314$180$101$15
43 years$837$507$295$166$92$13
44 years$809$483$277$153$83$11
45 years$782$461$260$142$76$10
46 years$757$439$244$131$69$8
47 years$732$419$229$121$62$7
48 years$709$400$215$112$57$6
49 years$686$382$202$103$51$5
50 years$665$365$190$95$47$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $681,000, adding $2,331 every year, while hoping to spend $39,030 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: 45/33/22 Blend
29$681,000$681,000$681,000$681,000
30$752,866$716,773$706,218$781,878
31$788,131$710,368$688,349$796,136
32$825,685$702,340$668,573$807,574
33$865,720$692,570$646,785$819,185
34$908,446$680,929$622,875$831,003
35$954,095$667,282$596,729$843,071
36$1,002,919$651,485$568,226$855,437
37$1,055,196$633,387$537,240$868,157
38$1,111,229$612,826$503,641$881,296
39$1,171,353$589,632$467,291$894,931
40$1,235,932$563,626$428,047$909,146
41$1,305,370$534,616$385,759$924,043
42$1,380,106$502,401$340,270$939,734
43$1,460,625$466,767$291,418$956,348
44$1,547,460$427,489$239,031$974,033
45$1,641,193$384,329$182,931$992,956
46$1,742,469$337,034$122,933$1,013,304
47$1,851,991$285,339$58,842$1,035,294
48$1,970,536$228,963$0$1,059,164
49$2,098,956$167,608$0$1,087,431
50$2,238,189$100,960$0$1,133,045
51$2,389,266$28,689$0$1,182,573
52$2,553,320$0$0$1,236,457
53$2,731,599$0$0$1,313,183
54$2,925,474$0$0$1,408,021
55$3,136,455$0$0$1,511,301
56$3,366,202$0$0$1,623,844
57$3,616,543$0$0$1,746,557
58$3,889,489$0$0$1,880,433
59$4,187,253$0$0$2,026,571
60$4,512,272$0$0$2,186,177
61$4,867,227$0$0$2,360,578
62$5,255,071$0$0$2,551,238
63$5,679,054$0$0$2,759,766
64$6,142,753$0$0$2,987,936
65$6,650,110$0$0$3,237,699
66$7,205,463$0$0$3,511,205
67$7,813,588$0$0$3,810,822
68$8,479,746$0$0$4,139,156
69$9,209,732$0$0$4,499,079
70$10,009,925$0$0$4,893,752
71$10,887,353$0$0$5,326,658
72$11,849,757$0$0$5,801,634
73$12,905,659$0$0$6,322,904
74$14,064,452$0$0$6,895,123
75$15,336,477$0$0$7,523,418
76$16,733,129$0$0$8,213,437
77$18,266,958$0$0$8,971,400
78$19,951,789$0$0$9,804,162
79$21,802,854$0$0$10,719,272
80$23,836,930$0$0$11,725,048
81$26,072,504$0$0$12,830,655
82$28,529,938$0$0$14,046,188
83$31,231,669$0$0$15,382,769
84$34,202,414$0$0$16,852,653
85$37,469,406$0$0$18,469,343
86$41,062,649$0$0$20,247,712
87$45,015,201$0$0$22,204,152
88$49,363,485$0$0$24,356,721
89$54,147,630$0$0$26,725,316
90$59,411,854$0$0$29,331,860
91$65,204,876$0$0$32,200,510
92$71,580,376$0$0$35,357,880
93$78,597,501$0$0$38,833,300
94$86,321,426$0$0$42,659,083
95$94,823,960$0$0$46,870,837
96$104,184,232$0$0$51,507,796
97$114,489,431$0$0$56,613,194
98$125,835,629$0$0$62,234,667
99$138,328,691$0$0$68,424,709
100$152,085,267$0$0$75,241,162