Can I retire at age 30 with 667,000?

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 $667,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$55,080$54,590$54,111$53,644$53,188$52,963
2 years$27,267$26,760$26,267$25,790$25,327$25,101
3 years$17,998$17,488$16,997$16,524$16,069$15,847
4 years$13,364$12,855$12,369$11,905$11,460$11,246
5 years$10,584$10,079$9,599$9,144$8,712$8,504
6 years$8,732$8,230$7,757$7,312$6,893$6,693
7 years$7,409$6,912$6,447$6,012$5,606$5,414
8 years$6,417$5,924$5,467$5,043$4,651$4,466
9 years$5,647$5,158$4,709$4,296$3,917$3,739
10 years$5,030$4,547$4,105$3,703$3,337$3,167
11 years$4,526$4,048$3,614$3,223$2,870$2,708
12 years$4,107$3,633$3,208$2,827$2,487$2,332
13 years$3,752$3,283$2,866$2,496$2,169$2,021
14 years$3,448$2,984$2,575$2,215$1,901$1,760
15 years$3,185$2,726$2,325$1,976$1,674$1,539
16 years$2,955$2,501$2,108$1,769$1,479$1,351
17 years$2,752$2,304$1,918$1,589$1,312$1,190
18 years$2,572$2,129$1,751$1,432$1,166$1,051
19 years$2,412$1,973$1,603$1,294$1,040$930
20 years$2,267$1,833$1,471$1,172$929$825
21 years$2,136$1,708$1,353$1,064$831$733
22 years$2,018$1,594$1,247$967$745$652
23 years$1,910$1,491$1,151$881$669$581
24 years$1,811$1,397$1,065$803$601$518
25 years$1,720$1,311$986$734$541$463
26 years$1,636$1,232$915$671$487$414
27 years$1,558$1,159$849$614$439$370
28 years$1,487$1,093$790$563$396$331
29 years$1,420$1,031$735$516$358$297
30 years$1,358$973$684$474$323$266
31 years$1,300$920$638$435$292$239
32 years$1,245$871$595$400$264$214
33 years$1,194$824$556$368$239$192
34 years$1,147$781$519$338$217$173
35 years$1,102$741$486$311$196$155
36 years$1,059$703$454$287$178$139
37 years$1,019$668$425$264$161$125
38 years$982$635$398$243$146$113
39 years$946$604$373$225$132$101
40 years$912$574$350$207$120$91
41 years$880$547$328$191$109$82
42 years$849$521$308$176$99$74
43 years$820$496$289$163$90$66
44 years$792$473$271$150$81$60
45 years$766$451$254$139$74$54
46 years$741$430$239$128$67$48
47 years$717$411$224$118$61$43
48 years$694$392$211$109$55$39
49 years$672$374$198$101$50$35
50 years$651$358$186$93$46$32

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $667,000, adding $2,746 every year, while hoping to spend $30,597 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: 62/32/6 Blend
29$667,000$667,000$667,000$667,000
30$737,866$702,515$692,177$782,653
31$780,574$704,384$682,810$814,743
32$826,612$705,318$672,104$845,930
33$876,288$705,240$659,981$879,179
34$929,940$704,068$646,361$914,686
35$987,939$701,712$631,159$952,671
36$1,050,693$698,081$614,287$993,376
37$1,118,651$693,073$595,653$1,037,068
38$1,192,305$686,585$575,159$1,084,042
39$1,272,197$678,506$552,704$1,134,627
40$1,358,925$668,716$528,183$1,189,182
41$1,453,142$657,090$501,484$1,248,107
42$1,555,572$643,497$472,493$1,311,843
43$1,667,007$627,795$441,088$1,380,879
44$1,788,321$609,835$407,144$1,455,752
45$1,920,474$589,462$370,527$1,537,058
46$2,064,523$566,506$331,101$1,625,456
47$2,221,633$540,793$288,721$1,721,673
48$2,393,083$512,136$243,237$1,826,511
49$2,580,284$480,337$194,492$1,940,857
50$2,784,787$445,188$142,321$2,065,693
51$3,008,301$406,468$86,555$2,202,101
52$3,252,706$363,943$27,013$2,351,276
53$3,520,074$317,368$0$2,514,540
54$3,812,685$266,483$0$2,695,689
55$4,133,049$211,010$0$2,895,993
56$4,483,932$150,662$0$3,115,513
57$4,868,378$85,129$0$3,356,226
58$5,289,740$14,088$0$3,620,314
59$5,751,713$0$0$3,910,186
60$6,258,362$0$0$4,250,615
61$6,814,170$0$0$4,629,566
62$7,424,069$0$0$5,045,450
63$8,093,496$0$0$5,501,980
64$8,828,438$0$0$6,003,246
65$9,635,491$0$0$6,553,752
66$10,521,919$0$0$7,158,463
67$11,495,727$0$0$7,822,845
68$12,565,731$0$0$8,552,923
69$13,741,644$0$0$9,355,331
70$15,034,169$0$0$10,237,379
71$16,455,093$0$0$11,207,123
72$18,017,406$0$0$12,273,435
73$19,735,418$0$0$13,446,091
74$21,624,895$0$0$14,735,862
75$23,703,206$0$0$16,154,615
76$25,989,492$0$0$17,715,425
77$28,504,838$0$0$19,432,698
78$31,272,478$0$0$21,322,308
79$34,318,013$0$0$23,401,744
80$37,669,648$0$0$25,690,276
81$41,358,463$0$0$28,209,137
82$45,418,701$0$0$30,981,723
83$49,888,097$0$0$34,033,813
84$54,808,227$0$0$37,393,813
85$60,224,904$0$0$41,093,022
86$66,188,608$0$0$45,165,930
87$72,754,964$0$0$49,650,538
88$79,985,265$0$0$54,588,724
89$87,947,049$0$0$60,026,631
90$96,714,738$0$0$66,015,104
91$106,370,341$0$0$72,610,174
92$117,004,222$0$0$79,873,578
93$128,715,958$0$0$87,873,350
94$141,615,276$0$0$96,684,458
95$155,823,089$0$0$106,389,512
96$171,472,635$0$0$117,079,544
97$188,710,735$0$0$128,854,865
98$207,699,181$0$0$141,826,015
99$228,616,256$0$0$156,114,803
100$251,658,424$0$0$171,855,457