Can I retire at age 30 with 668,000?

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 $668,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$55,163$54,671$54,192$53,724$53,267$52,299
2 years$27,308$26,800$26,307$25,829$25,365$24,393
3 years$18,025$17,514$17,022$16,549$16,093$15,147
4 years$13,384$12,875$12,388$11,923$11,478$10,566
5 years$10,600$10,094$9,613$9,158$8,725$7,849
6 years$8,745$8,242$7,769$7,323$6,904$6,066
7 years$7,420$6,922$6,456$6,021$5,615$4,814
8 years$6,427$5,933$5,475$5,051$4,658$3,895
9 years$5,655$5,166$4,716$4,302$3,923$3,196
10 years$5,038$4,554$4,111$3,709$3,342$2,652
11 years$4,533$4,054$3,620$3,228$2,874$2,220
12 years$4,113$3,639$3,212$2,831$2,491$1,871
13 years$3,758$3,288$2,870$2,499$2,172$1,586
14 years$3,453$2,989$2,579$2,219$1,904$1,351
15 years$3,190$2,730$2,328$1,979$1,677$1,155
16 years$2,959$2,505$2,111$1,772$1,482$990
17 years$2,756$2,307$1,921$1,592$1,314$851
18 years$2,576$2,132$1,753$1,435$1,168$734
19 years$2,415$1,976$1,605$1,296$1,041$634
20 years$2,270$1,836$1,473$1,174$930$548
21 years$2,139$1,710$1,355$1,065$832$475
22 years$2,021$1,596$1,249$969$746$412
23 years$1,912$1,493$1,153$882$670$357
24 years$1,813$1,399$1,066$805$602$311
25 years$1,722$1,313$988$735$542$270
26 years$1,638$1,234$916$672$488$235
27 years$1,561$1,161$851$615$440$205
28 years$1,489$1,094$791$564$397$178
29 years$1,422$1,032$736$517$358$155
30 years$1,360$975$685$474$324$135
31 years$1,302$922$639$436$293$118
32 years$1,247$872$596$400$265$103
33 years$1,196$826$557$368$240$90
34 years$1,148$783$520$339$217$79
35 years$1,103$742$486$312$197$69
36 years$1,061$705$455$287$178$60
37 years$1,021$669$426$265$161$52
38 years$983$636$399$244$146$46
39 years$947$605$374$225$133$40
40 years$913$575$350$207$120$35
41 years$881$548$328$191$109$30
42 years$850$522$308$177$99$27
43 years$821$497$289$163$90$23
44 years$794$474$271$151$82$20
45 years$767$452$255$139$74$18
46 years$742$431$239$128$67$15
47 years$718$411$225$119$61$14
48 years$695$393$211$110$55$12
49 years$673$375$199$101$50$10
50 years$652$358$187$94$46$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $668,000, adding $2,469 every year, while hoping to spend $52,887 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: 61/17/22 Blend
29$668,000$668,000$668,000$668,000
30$738,683$703,279$692,925$779,325
31$757,757$681,468$659,866$785,324
32$777,004$656,816$623,928$785,833
33$796,387$629,128$584,957$785,206
34$815,860$598,197$542,795$783,341
35$835,374$563,805$497,275$780,127
36$854,872$525,721$448,224$775,446
37$874,288$483,701$395,459$769,169
38$893,550$437,487$338,791$761,158
39$912,575$386,806$278,023$751,264
40$931,268$331,371$212,948$739,325
41$949,525$270,875$143,349$725,167
42$967,227$204,998$69,002$708,603
43$984,241$133,401$0$689,429
44$1,000,419$55,723$0$669,853
45$1,015,595$0$0$664,654
46$1,029,582$0$0$662,735
47$1,042,173$0$0$670,274
48$1,053,137$0$0$676,690
49$1,062,216$0$0$681,809
50$1,069,123$0$0$685,437
51$1,073,540$0$0$687,358
52$1,075,112$0$0$687,334
53$1,073,443$0$0$685,098
54$1,068,098$0$0$680,356
55$1,058,590$0$0$672,779
56$1,044,381$0$0$662,004
57$1,024,874$0$0$647,630
58$999,408$0$0$629,209
59$967,248$0$0$606,249
60$927,584$0$0$578,201
61$879,517$0$0$544,461
62$822,053$0$0$504,360
63$754,092$0$0$457,155
64$674,416$0$0$402,028
65$581,681$0$0$338,073
66$474,399$0$0$264,288
67$350,926$0$0$179,566
68$209,445$0$0$82,685
69$47,948$0$0$0
70$0$0$0$0
71$0$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0