Can I retire at age 30 with 669,000?

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 $669,000?

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%
1 years$55,245$54,753$54,273$53,805$53,347$51,393
2 years$27,349$26,840$26,346$25,868$25,403$23,456
3 years$18,052$17,540$17,048$16,574$16,117$14,238
4 years$13,404$12,894$12,406$11,940$11,495$9,699
5 years$10,616$10,109$9,628$9,171$8,738$7,030
6 years$8,758$8,255$7,781$7,334$6,914$5,294
7 years$7,431$6,932$6,466$6,030$5,623$4,091
8 years$6,437$5,942$5,484$5,058$4,665$3,220
9 years$5,664$5,174$4,723$4,309$3,929$2,568
10 years$5,045$4,560$4,118$3,714$3,347$2,070
11 years$4,540$4,060$3,625$3,232$2,879$1,681
12 years$4,119$3,644$3,217$2,835$2,495$1,374
13 years$3,763$3,293$2,874$2,503$2,175$1,128
14 years$3,458$2,993$2,583$2,222$1,907$930
15 years$3,195$2,734$2,332$1,982$1,679$769
16 years$2,964$2,509$2,114$1,774$1,484$638
17 years$2,761$2,311$1,924$1,594$1,316$530
18 years$2,580$2,135$1,756$1,437$1,170$441
19 years$2,419$1,979$1,608$1,298$1,043$368
20 years$2,274$1,839$1,475$1,176$931$307
21 years$2,143$1,713$1,357$1,067$834$256
22 years$2,024$1,599$1,251$970$747$214
23 years$1,915$1,495$1,155$884$671$179
24 years$1,816$1,401$1,068$806$603$150
25 years$1,725$1,315$989$736$542$126
26 years$1,641$1,236$917$673$489$105
27 years$1,563$1,163$852$616$441$88
28 years$1,491$1,096$792$564$397$74
29 years$1,424$1,034$737$518$359$62
30 years$1,362$976$686$475$324$52
31 years$1,304$923$640$436$293$44
32 years$1,249$873$597$401$265$37
33 years$1,198$827$558$369$240$31
34 years$1,150$784$521$339$217$26
35 years$1,105$743$487$312$197$22
36 years$1,063$706$456$288$178$18
37 years$1,022$670$426$265$162$15
38 years$985$637$399$244$147$13
39 years$949$606$374$225$133$11
40 years$915$576$351$208$121$9
41 years$882$548$329$192$109$8
42 years$852$522$308$177$99$6
43 years$823$498$289$163$90$5
44 years$795$474$272$151$82$4
45 years$768$452$255$139$74$4
46 years$743$432$240$129$67$3
47 years$719$412$225$119$61$3
48 years$696$393$212$110$56$2
49 years$674$375$199$101$50$2
50 years$653$359$187$94$46$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $669,000, adding $4,224 every year, while hoping to spend $38,613 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: 63/25/12 Blend
29$669,000$669,000$669,000$669,000
30$741,595$706,138$695,769$785,983
31$776,154$699,655$677,993$809,730
32$812,943$691,560$658,328$830,814
33$852,151$681,733$636,669$852,879
34$893,980$670,048$612,907$876,019
35$938,656$656,370$586,929$900,341
36$986,423$640,557$558,616$925,963
37$1,037,552$622,458$527,843$953,019
38$1,092,337$601,913$494,480$981,654
39$1,151,102$578,753$458,392$1,012,032
40$1,214,202$552,800$419,436$1,044,336
41$1,282,028$523,865$377,465$1,078,769
42$1,355,008$491,747$332,322$1,115,556
43$1,433,611$456,235$283,847$1,154,949
44$1,518,354$417,105$231,871$1,197,226
45$1,609,803$374,121$176,216$1,242,697
46$1,708,583$327,033$116,699$1,291,707
47$1,815,378$275,576$53,128$1,344,638
48$1,930,940$219,473$0$1,401,914
49$2,056,097$158,429$0$1,465,891
50$2,191,759$92,131$0$1,542,591
51$2,338,924$20,252$0$1,625,810
52$2,498,695$0$0$1,716,223
53$2,672,280$0$0$1,830,406
54$2,861,010$0$0$1,960,650
55$3,066,349$0$0$2,102,402
56$3,289,909$0$0$2,256,778
57$3,533,462$0$0$2,425,007
58$3,798,958$0$0$2,608,445
59$4,088,546$0$0$2,808,580
60$4,404,587$0$0$3,027,052
61$4,749,683$0$0$3,265,666
62$5,126,698$0$0$3,526,409
63$5,538,784$0$0$3,811,468
64$5,989,411$0$0$4,123,253
65$6,482,400$0$0$4,464,415
66$7,021,960$0$0$4,837,874
67$7,612,722$0$0$5,246,845
68$8,259,791$0$0$5,694,870
69$8,968,783$0$0$6,185,849
70$9,745,886$0$0$6,724,075
71$10,597,917$0$0$7,314,279
72$11,532,380$0$0$7,961,671
73$12,557,542$0$0$8,671,990
74$13,682,510$0$0$9,451,554
75$14,917,315$0$0$10,307,328
76$16,273,003$0$0$11,246,980
77$17,761,747$0$0$12,278,957
78$19,396,953$0$0$13,412,568
79$21,193,390$0$0$14,658,062
80$23,167,329$0$0$16,026,736
81$25,336,695$0$0$17,531,031
82$27,721,234$0$0$19,184,656
83$30,342,703$0$0$21,002,713
84$33,225,070$0$0$23,001,840
85$36,394,741$0$0$25,200,368
86$39,880,811$0$0$27,618,496
87$43,715,335$0$0$30,278,474
88$47,933,632$0$0$33,204,821
89$52,574,613$0$0$36,424,551
90$57,681,155$0$0$39,967,428
91$63,300,498$0$0$43,866,247
92$69,484,693$0$0$48,157,143
93$76,291,094$0$0$52,879,931
94$83,782,896$0$0$58,078,482
95$92,029,729$0$0$63,801,137
96$101,108,321$0$0$70,101,160
97$111,103,212$0$0$77,037,243
98$122,107,561$0$0$84,674,058
99$134,224,016$0$0$93,082,867
100$147,565,686$0$0$102,342,195