Can I retire at age 30 with 684,000?

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 $684,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$56,484$55,981$55,490$55,011$54,543$53,420
2 years$27,962$27,442$26,937$26,448$25,973$24,847
3 years$18,456$17,933$17,430$16,945$16,478$15,384
4 years$13,704$13,183$12,685$12,208$11,752$10,698
5 years$10,854$10,336$9,844$9,377$8,934$7,923
6 years$8,954$8,440$7,955$7,499$7,069$6,103
7 years$7,598$7,088$6,611$6,165$5,749$4,827
8 years$6,581$6,075$5,606$5,172$4,769$3,892
9 years$5,790$5,290$4,829$4,405$4,017$3,182
10 years$5,158$4,663$4,210$3,797$3,422$2,631
11 years$4,642$4,151$3,706$3,305$2,943$2,194
12 years$4,211$3,726$3,289$2,899$2,551$1,842
13 years$3,848$3,367$2,939$2,559$2,224$1,555
14 years$3,536$3,060$2,640$2,272$1,950$1,319
15 years$3,266$2,796$2,384$2,026$1,717$1,123
16 years$3,030$2,565$2,161$1,814$1,517$959
17 years$2,823$2,362$1,967$1,630$1,345$821
18 years$2,638$2,183$1,795$1,469$1,196$704
19 years$2,473$2,023$1,644$1,327$1,066$606
20 years$2,325$1,880$1,508$1,202$952$521
21 years$2,191$1,751$1,388$1,091$852$450
22 years$2,069$1,635$1,279$992$764$388
23 years$1,958$1,529$1,181$903$686$335
24 years$1,857$1,432$1,092$824$616$290
25 years$1,763$1,344$1,011$752$555$251
26 years$1,678$1,263$938$688$500$217
27 years$1,598$1,189$871$630$450$188
28 years$1,524$1,120$810$577$406$163
29 years$1,456$1,057$754$529$367$142
30 years$1,392$998$702$486$332$123
31 years$1,333$944$654$446$300$107
32 years$1,277$893$611$410$271$93
33 years$1,225$846$570$377$245$80
34 years$1,176$801$533$347$222$70
35 years$1,130$760$498$319$201$61
36 years$1,086$721$466$294$182$53
37 years$1,045$685$436$271$165$46
38 years$1,007$651$408$250$150$40
39 years$970$619$383$230$136$35
40 years$935$589$359$212$123$30
41 years$902$561$336$196$112$26
42 years$871$534$315$181$101$23
43 years$841$509$296$167$92$20
44 years$813$485$278$154$84$17
45 years$786$463$261$142$76$15
46 years$760$441$245$131$69$13
47 years$735$421$230$121$63$11
48 years$712$402$216$112$57$10
49 years$689$384$203$104$52$9
50 years$668$367$191$96$47$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $684,000, adding $4,994 every year, while hoping to spend $49,233 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: 27/43/30 Blend
29$684,000$684,000$684,000$684,000
30$758,919$722,667$712,065$772,256
31$783,946$705,694$683,536$766,576
32$809,874$686,240$652,401$755,959
33$836,746$664,130$618,521$743,576
34$864,603$639,181$581,750$729,313
35$893,490$611,199$541,936$713,048
36$923,455$579,977$498,920$694,654
37$954,551$545,299$452,537$673,995
38$986,830$506,933$402,612$650,932
39$1,020,352$464,638$348,965$625,315
40$1,055,178$418,156$291,406$596,988
41$1,091,375$367,214$229,737$565,787
42$1,129,014$311,527$163,752$531,541
43$1,168,171$250,789$93,235$494,067
44$1,208,929$184,682$17,962$453,177
45$1,251,374$112,866$0$408,671
46$1,295,601$34,983$0$380,304
47$1,341,712$0$0$355,326
48$1,389,816$0$0$351,182
49$1,440,031$0$0$364,159
50$1,492,484$0$0$377,740
51$1,547,313$0$0$391,965
52$1,604,666$0$0$406,874
53$1,664,704$0$0$422,515
54$1,727,602$0$0$438,936
55$1,793,547$0$0$456,192
56$1,862,746$0$0$474,341
57$1,935,420$0$0$493,448
58$2,011,811$0$0$513,581
59$2,092,181$0$0$534,817
60$2,176,817$0$0$557,237
61$2,266,030$0$0$580,932
62$2,360,159$0$0$606,000
63$2,459,573$0$0$632,548
64$2,564,675$0$0$660,693
65$2,675,907$0$0$690,563
66$2,793,747$0$0$722,298
67$2,918,721$0$0$756,051
68$3,051,403$0$0$791,989
69$3,192,421$0$0$830,296
70$3,342,460$0$0$871,172
71$3,502,271$0$0$914,837
72$3,672,679$0$0$961,532
73$3,854,583$0$0$1,011,522
74$4,048,971$0$0$1,065,096
75$4,256,925$0$0$1,122,572
76$4,479,631$0$0$1,184,299
77$4,718,391$0$0$1,250,660
78$4,974,633$0$0$1,322,075
79$5,249,923$0$0$1,399,005
80$5,545,980$0$0$1,481,958
81$5,864,693$0$0$1,571,489
82$6,208,135$0$0$1,668,212
83$6,578,583$0$0$1,772,798
84$6,978,539$0$0$1,885,986
85$7,410,753$0$0$2,008,589
86$7,878,245$0$0$2,141,500
87$8,384,336$0$0$2,285,701
88$8,932,678$0$0$2,442,272
89$9,527,285$0$0$2,612,401
90$10,172,570$0$0$2,797,395
91$10,873,391$0$0$2,998,693
92$11,635,086$0$0$3,217,876
93$12,463,532$0$0$3,456,684
94$13,365,191$0$0$3,717,035
95$14,347,177$0$0$4,001,036
96$15,417,315$0$0$4,311,009
97$16,584,219$0$0$4,649,507
98$17,857,370$0$0$5,019,344
99$19,247,200$0$0$5,423,615
100$20,765,198$0$0$5,865,730