Can I retire at age 30 with 672,000?

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 $672,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$55,493$54,999$54,517$54,046$53,586$52,185
2 years$27,472$26,960$26,464$25,984$25,517$24,115
3 years$18,133$17,619$17,124$16,648$16,189$14,830
4 years$13,464$12,952$12,462$11,994$11,546$10,240
5 years$10,663$10,154$9,671$9,212$8,777$7,528
6 years$8,797$8,292$7,816$7,367$6,945$5,755
7 years$7,464$6,963$6,495$6,057$5,648$4,516
8 years$6,465$5,969$5,508$5,081$4,686$3,611
9 years$5,689$5,197$4,744$4,328$3,946$2,928
10 years$5,068$4,581$4,136$3,731$3,362$2,400
11 years$4,560$4,078$3,641$3,247$2,892$1,984
12 years$4,138$3,660$3,232$2,848$2,506$1,650
13 years$3,780$3,308$2,887$2,514$2,185$1,380
14 years$3,474$3,007$2,594$2,232$1,916$1,159
15 years$3,209$2,747$2,342$1,990$1,687$977
16 years$2,977$2,520$2,124$1,782$1,491$826
17 years$2,773$2,321$1,932$1,601$1,322$700
18 years$2,592$2,145$1,764$1,443$1,175$595
19 years$2,430$1,988$1,615$1,304$1,047$506
20 years$2,284$1,847$1,482$1,181$936$431
21 years$2,152$1,720$1,363$1,072$837$368
22 years$2,033$1,606$1,256$975$750$314
23 years$1,924$1,502$1,160$888$674$268
24 years$1,824$1,407$1,073$809$606$230
25 years$1,733$1,321$994$739$545$197
26 years$1,648$1,241$922$676$491$168
27 years$1,570$1,168$856$619$442$144
28 years$1,498$1,101$796$567$399$124
29 years$1,431$1,038$740$520$361$106
30 years$1,368$981$690$477$326$91
31 years$1,309$927$643$438$295$78
32 years$1,255$877$600$403$266$67
33 years$1,203$831$560$370$241$57
34 years$1,155$787$523$341$218$49
35 years$1,110$747$489$314$198$42
36 years$1,067$709$458$289$179$36
37 years$1,027$673$428$266$162$31
38 years$989$640$401$245$147$27
39 years$953$608$376$226$133$23
40 years$919$579$352$209$121$20
41 years$886$551$330$192$110$17
42 years$856$525$310$178$100$15
43 years$826$500$291$164$90$13
44 years$798$477$273$151$82$11
45 years$772$454$256$140$75$9
46 years$747$434$241$129$68$8
47 years$722$414$226$119$61$7
48 years$699$395$212$110$56$6
49 years$677$377$200$102$51$5
50 years$656$360$188$94$46$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $672,000, adding $6,412 every year, while hoping to spend $29,899 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: 47/36/17 Blend
29$672,000$672,000$672,000$672,000
30$747,158$711,542$701,126$778,403
31$791,556$714,595$692,801$803,827
32$839,480$716,796$683,196$827,864
33$891,259$718,071$672,235$853,312
34$947,253$718,342$659,840$880,314
35$1,007,859$717,527$645,931$909,031
36$1,073,512$715,537$630,421$939,640
37$1,144,692$712,280$613,222$972,338
38$1,221,924$707,656$594,239$1,007,345
39$1,305,790$701,560$573,375$1,044,903
40$1,396,925$693,882$550,528$1,085,284
41$1,496,032$684,502$525,591$1,128,786
42$1,603,881$673,296$498,452$1,175,743
43$1,721,321$660,132$468,994$1,226,523
44$1,849,286$644,869$437,096$1,281,537
45$1,988,804$627,358$402,629$1,341,237
46$2,141,006$607,442$365,461$1,406,127
47$2,307,136$584,955$325,452$1,476,765
48$2,488,566$559,720$282,457$1,553,769
49$2,686,804$531,550$236,324$1,637,822
50$2,903,512$500,249$186,893$1,729,683
51$3,140,516$465,608$134,001$1,830,191
52$3,399,832$427,406$77,473$1,940,275
53$3,683,676$385,410$17,130$2,060,965
54$3,994,490$339,374$0$2,193,399
55$4,334,962$289,037$0$2,347,409
56$4,708,052$234,124$0$2,519,690
57$5,117,021$174,345$0$2,708,710
58$5,565,462$109,391$0$2,916,211
59$6,057,327$38,940$0$3,144,121
60$6,596,975$0$0$3,394,567
61$7,189,204$0$0$3,684,692
62$7,839,300$0$0$4,020,178
63$8,553,084$0$0$4,388,612
64$9,336,971$0$0$4,793,315
65$10,198,025$0$0$5,237,945
66$11,144,031$0$0$5,726,533
67$12,183,562$0$0$6,263,517
68$13,326,065$0$0$6,853,790
69$14,581,946$0$0$7,502,739
70$15,962,671$0$0$8,216,302
71$17,480,870$0$0$9,001,019
72$19,150,461$0$0$9,864,097
73$20,986,777$0$0$10,813,475
74$23,006,710$0$0$11,857,902
75$25,228,874$0$0$13,007,017
76$27,673,776$0$0$14,271,438
77$30,364,012$0$0$15,662,869
78$33,324,479$0$0$17,194,201
79$36,582,609$0$0$18,879,642
80$40,168,627$0$0$20,734,844
81$44,115,839$0$0$22,777,054
82$48,460,942$0$0$25,025,279
83$53,244,372$0$0$27,500,460
84$58,510,685$0$0$30,225,671
85$64,308,976$0$0$33,226,338
86$70,693,345$0$0$36,530,479
87$77,723,402$0$0$40,168,968
88$85,464,833$0$0$44,175,821
89$93,990,021$0$0$48,588,527
90$103,378,723$0$0$53,448,393
91$113,718,826$0$0$58,800,935
92$125,107,178$0$0$64,696,312
93$137,650,495$0$0$71,189,794
94$151,466,377$0$0$78,342,288
95$166,684,407$0$0$86,220,906
96$183,447,383$0$0$94,899,606
97$201,912,660$0$0$104,459,884
98$222,253,634$0$0$114,991,547
99$244,661,383$0$0$126,593,558
100$269,346,465$0$0$139,374,970