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%19%
1 years$56,236$55,735$55,247$54,770$54,304$52,336
2 years$27,840$27,321$26,819$26,332$25,859$23,897
3 years$18,375$17,855$17,354$16,871$16,406$14,513
4 years$13,644$13,125$12,629$12,155$11,701$9,891
5 years$10,806$10,290$9,801$9,336$8,895$7,173
6 years$8,915$8,403$7,920$7,466$7,038$5,405
7 years$7,564$7,057$6,582$6,138$5,724$4,179
8 years$6,552$6,049$5,582$5,149$4,749$3,291
9 years$5,765$5,267$4,808$4,386$3,999$2,627
10 years$5,136$4,642$4,191$3,781$3,407$2,118
11 years$4,621$4,133$3,690$3,290$2,930$1,721
12 years$4,193$3,709$3,275$2,886$2,539$1,408
13 years$3,831$3,352$2,926$2,548$2,214$1,157
14 years$3,521$3,047$2,629$2,262$1,941$954
15 years$3,252$2,783$2,374$2,017$1,709$790
16 years$3,017$2,554$2,152$1,806$1,511$655
17 years$2,810$2,352$1,958$1,623$1,339$545
18 years$2,626$2,173$1,788$1,462$1,191$454
19 years$2,462$2,014$1,636$1,321$1,061$379
20 years$2,315$1,872$1,502$1,197$948$316
21 years$2,181$1,743$1,381$1,086$848$265
22 years$2,060$1,627$1,273$988$761$221
23 years$1,950$1,522$1,176$899$683$185
24 years$1,849$1,426$1,087$820$614$155
25 years$1,756$1,338$1,007$749$552$130
26 years$1,670$1,258$934$685$497$109
27 years$1,591$1,184$867$627$448$92
28 years$1,518$1,115$806$574$405$77
29 years$1,450$1,052$750$527$365$64
30 years$1,386$994$699$483$330$54
31 years$1,327$939$651$444$298$45
32 years$1,272$889$608$408$270$38
33 years$1,220$842$568$375$244$32
34 years$1,171$798$530$345$221$27
35 years$1,125$757$496$318$200$23
36 years$1,082$718$464$293$182$19
37 years$1,041$682$434$270$165$16
38 years$1,002$648$407$249$149$13
39 years$966$616$381$229$135$11
40 years$931$587$357$211$123$9
41 years$898$558$335$195$111$8
42 years$867$532$314$180$101$7
43 years$837$507$295$166$92$6
44 years$809$483$277$153$83$5
45 years$782$461$260$142$76$4
46 years$757$439$244$131$69$3
47 years$732$419$229$121$62$3
48 years$709$400$215$112$57$2
49 years$686$382$202$103$51$2
50 years$665$365$190$95$47$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $681,000, adding $6,583 every year, while hoping to spend $47,681 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: 61/25/14 Blend
29$681,000$681,000$681,000$681,000
30$757,252$721,159$710,604$800,444
31$783,760$705,764$683,677$814,883
32$811,373$688,016$654,250$824,659
33$840,154$667,750$622,188$834,184
34$870,171$644,791$587,353$843,435
35$901,496$618,953$549,596$852,391
36$934,206$590,039$508,766$861,033
37$968,387$557,843$464,701$869,339
38$1,004,130$522,145$417,236$877,288
39$1,041,532$482,711$366,194$884,861
40$1,080,702$439,297$311,395$892,040
41$1,121,754$391,643$252,648$898,806
42$1,164,815$339,475$189,753$905,143
43$1,210,020$282,504$122,503$911,038
44$1,257,517$220,421$50,682$916,477
45$1,307,467$152,906$0$921,452
46$1,360,045$79,614$0$929,835
47$1,415,442$187$0$946,077
48$1,473,864$0$0$962,639
49$1,535,537$0$0$1,003,158
50$1,600,709$0$0$1,046,052
51$1,669,647$0$0$1,091,449
52$1,742,646$0$0$1,139,546
53$1,820,025$0$0$1,190,557
54$1,902,135$0$0$1,244,717
55$1,989,359$0$0$1,302,282
56$2,082,116$0$0$1,363,532
57$2,180,864$0$0$1,428,776
58$2,286,105$0$0$1,498,348
59$2,398,389$0$0$1,572,617
60$2,518,318$0$0$1,651,987
61$2,646,551$0$0$1,736,900
62$2,783,811$0$0$1,827,841
63$2,930,893$0$0$1,925,343
64$3,088,666$0$0$2,029,987
65$3,258,084$0$0$2,142,416
66$3,440,196$0$0$2,263,332
67$3,636,151$0$0$2,393,506
68$3,847,213$0$0$2,533,786
69$4,074,769$0$0$2,685,104
70$4,320,343$0$0$2,848,481
71$4,585,608$0$0$3,025,042
72$4,872,405$0$0$3,216,021
73$5,182,756$0$0$3,422,777
74$5,518,884$0$0$3,646,802
75$5,883,233$0$0$3,889,737
76$6,278,490$0$0$4,153,386
77$6,707,611$0$0$4,439,735
78$7,173,847$0$0$4,750,967
79$7,680,774$0$0$5,089,483
80$8,232,326$0$0$5,457,926
81$8,832,832$0$0$5,859,204
82$9,487,055$0$0$6,296,516
83$10,200,236$0$0$6,773,384
84$10,978,146$0$0$7,293,682
85$11,827,133$0$0$7,861,678
86$12,754,188$0$0$8,482,067
87$13,767,003$0$0$9,160,018
88$14,874,050$0$0$9,901,222
89$16,084,655$0$0$10,711,946
90$17,409,085$0$0$11,599,089
91$18,858,646$0$0$12,570,249
92$20,445,789$0$0$13,633,790
93$22,184,222$0$0$14,798,926
94$24,089,043$0$0$16,075,802
95$26,176,881$0$0$17,475,592
96$28,466,046$0$0$19,010,602
97$30,976,709$0$0$20,694,387
98$33,731,084$0$0$22,541,877
99$36,753,640$0$0$24,569,515
100$40,071,329$0$0$26,795,416