Can I retire at age 30 with 683,000?

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 $683,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$56,402$55,899$55,409$54,931$54,463$52,932
2 years$27,922$27,402$26,898$26,409$25,935$24,404
3 years$18,429$17,907$17,404$16,920$16,454$14,971
4 years$13,684$13,164$12,666$12,190$11,735$10,312
5 years$10,838$10,320$9,829$9,363$8,921$7,561
6 years$8,941$8,427$7,944$7,488$7,059$5,764
7 years$7,587$7,077$6,601$6,156$5,741$4,510
8 years$6,571$6,067$5,598$5,164$4,762$3,596
9 years$5,782$5,282$4,822$4,399$4,011$2,907
10 years$5,151$4,656$4,204$3,792$3,417$2,375
11 years$4,635$4,145$3,701$3,300$2,939$1,957
12 years$4,205$3,720$3,284$2,895$2,547$1,623
13 years$3,842$3,362$2,934$2,555$2,221$1,353
14 years$3,531$3,056$2,637$2,268$1,947$1,132
15 years$3,261$2,792$2,381$2,023$1,714$951
16 years$3,026$2,561$2,158$1,811$1,515$801
17 years$2,818$2,359$1,964$1,628$1,343$677
18 years$2,634$2,180$1,793$1,467$1,194$573
19 years$2,469$2,020$1,641$1,325$1,065$485
20 years$2,321$1,877$1,506$1,200$951$412
21 years$2,188$1,749$1,385$1,089$851$350
22 years$2,066$1,632$1,277$991$763$298
23 years$1,955$1,527$1,179$902$685$254
24 years$1,854$1,430$1,090$823$615$216
25 years$1,761$1,342$1,010$751$554$184
26 years$1,675$1,261$937$687$499$157
27 years$1,596$1,187$870$629$450$134
28 years$1,522$1,119$809$576$406$114
29 years$1,454$1,055$752$528$366$98
30 years$1,390$997$701$485$331$83
31 years$1,331$942$653$445$299$71
32 years$1,275$892$610$409$271$61
33 years$1,223$844$569$376$245$52
34 years$1,174$800$532$346$222$44
35 years$1,128$759$497$319$201$38
36 years$1,085$720$465$294$182$32
37 years$1,044$684$435$271$165$28
38 years$1,005$650$408$249$150$24
39 years$968$618$382$230$136$20
40 years$934$588$358$212$123$17
41 years$901$560$336$196$112$15
42 years$870$533$315$181$101$13
43 years$840$508$296$167$92$11
44 years$812$484$277$154$83$9
45 years$785$462$260$142$76$8
46 years$759$441$245$131$69$7
47 years$734$420$230$121$62$6
48 years$711$401$216$112$57$5
49 years$688$383$203$104$52$4
50 years$667$366$191$96$47$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $683,000, adding $5,844 every year, while hoping to spend $49,178 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: 89/6/5 Blend
29$683,000$683,000$683,000$683,000
30$758,694$722,495$711,909$825,799
31$783,756$705,572$683,433$853,409
32$809,726$686,172$652,354$876,210
33$836,644$664,121$618,535$899,638
34$864,555$639,236$581,829$923,716
35$893,503$611,322$542,084$948,470
36$923,539$580,175$499,141$973,927
37$954,713$545,577$452,836$1,000,115
38$987,082$507,298$402,994$1,027,066
39$1,020,704$465,096$349,434$1,054,814
40$1,055,644$418,713$291,968$1,083,394
41$1,091,968$367,879$230,398$1,112,847
42$1,129,750$312,306$164,517$1,143,215
43$1,169,067$251,692$94,111$1,174,545
44$1,210,003$185,716$18,955$1,206,886
45$1,252,649$114,041$0$1,240,294
46$1,297,099$36,310$0$1,278,097
47$1,343,459$0$0$1,318,383
48$1,391,840$0$0$1,363,385
49$1,442,364$0$0$1,412,884
50$1,495,160$0$0$1,464,610
51$1,550,371$0$0$1,518,703
52$1,608,148$0$0$1,575,310
53$1,668,657$0$0$1,634,596
54$1,732,077$0$0$1,696,734
55$1,798,603$0$0$1,761,916
56$1,868,444$0$0$1,830,349
57$1,941,830$0$0$1,902,256
58$2,019,010$0$0$1,977,881
59$2,100,254$0$0$2,057,491
60$2,185,858$0$0$2,141,374
61$2,276,141$0$0$2,229,844
62$2,371,454$0$0$2,323,245
63$2,472,178$0$0$2,421,950
64$2,578,730$0$0$2,526,368
65$2,691,562$0$0$2,636,944
66$2,811,173$0$0$2,754,164
67$2,938,103$0$0$2,878,561
68$3,072,946$0$0$3,010,716
69$3,216,351$0$0$3,151,265
70$3,369,027$0$0$3,300,904
71$3,531,751$0$0$3,460,394
72$3,705,374$0$0$3,630,570
73$3,890,829$0$0$3,812,347
74$4,089,136$0$0$4,006,726
75$4,301,416$0$0$4,214,806
76$4,528,896$0$0$4,437,790
77$4,772,925$0$0$4,677,001
78$5,034,981$0$0$4,933,888
79$5,316,685$0$0$5,210,042
80$5,619,820$0$0$5,507,210
81$5,946,340$0$0$5,827,310
82$6,298,395$0$0$6,172,449
83$6,678,343$0$0$6,544,941
84$7,088,778$0$0$6,947,328
85$7,532,548$0$0$7,382,405
86$8,012,786$0$0$7,853,243
87$8,532,932$0$0$8,363,218
88$9,096,774$0$0$8,916,043
89$9,708,472$0$0$9,515,798
90$10,372,603$0$0$10,166,974
91$11,094,203$0$0$10,874,507
92$11,878,810$0$0$11,643,829
93$12,732,515$0$0$12,480,917
94$13,662,024$0$0$13,392,344
95$14,674,712$0$0$14,385,345
96$15,778,699$0$0$15,467,882
97$16,982,917$0$0$16,648,718
98$18,297,202$0$0$17,937,497
99$19,732,378$0$0$19,344,835
100$21,300,361$0$0$20,882,420