Can I retire at age 30 with 674,000?

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 $674,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$55,658$55,163$54,679$54,207$53,746$53,340
2 years$27,554$27,040$26,543$26,061$25,593$25,184
3 years$18,187$17,671$17,175$16,697$16,237$15,838
4 years$13,504$12,990$12,499$12,030$11,581$11,193
5 years$10,695$10,184$9,700$9,240$8,803$8,430
6 years$8,823$8,316$7,839$7,389$6,966$6,606
7 years$7,487$6,984$6,514$6,075$5,665$5,320
8 years$6,485$5,987$5,525$5,096$4,700$4,368
9 years$5,706$5,212$4,758$4,341$3,958$3,641
10 years$5,083$4,595$4,148$3,742$3,372$3,069
11 years$4,574$4,090$3,652$3,257$2,900$2,611
12 years$4,150$3,671$3,241$2,856$2,513$2,237
13 years$3,791$3,318$2,896$2,522$2,192$1,929
14 years$3,484$3,016$2,602$2,239$1,921$1,671
15 years$3,218$2,755$2,349$1,996$1,692$1,454
16 years$2,986$2,528$2,130$1,788$1,495$1,270
17 years$2,781$2,328$1,938$1,606$1,326$1,112
18 years$2,599$2,151$1,769$1,447$1,179$976
19 years$2,437$1,993$1,620$1,308$1,051$859
20 years$2,291$1,852$1,486$1,185$938$758
21 years$2,159$1,725$1,367$1,075$840$669
22 years$2,039$1,611$1,260$977$753$592
23 years$1,930$1,506$1,163$890$676$524
24 years$1,830$1,411$1,076$812$607$465
25 years$1,738$1,325$997$741$546$413
26 years$1,653$1,245$924$678$492$366
27 years$1,575$1,172$858$621$444$326
28 years$1,502$1,104$798$569$400$290
29 years$1,435$1,041$743$521$362$258
30 years$1,372$984$692$479$327$230
31 years$1,313$930$645$439$295$205
32 years$1,258$880$602$404$267$182
33 years$1,207$833$562$371$242$163
34 years$1,159$790$525$342$219$145
35 years$1,113$749$491$315$198$130
36 years$1,070$711$459$290$180$116
37 years$1,030$675$430$267$163$103
38 years$992$642$402$246$148$92
39 years$956$610$377$227$134$82
40 years$921$581$353$209$121$74
41 years$889$553$331$193$110$66
42 years$858$526$311$178$100$59
43 years$829$501$292$164$91$52
44 years$801$478$274$152$82$47
45 years$774$456$257$140$75$42
46 years$749$435$241$130$68$37
47 years$725$415$227$120$62$33
48 years$701$396$213$111$56$30
49 years$679$378$200$102$51$27
50 years$658$361$188$94$46$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $674,000, adding $4,842 every year, while hoping to spend $23,531 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: 43/29/28 Blend
29$674,000$674,000$674,000$674,000
30$747,743$712,021$701,574$773,614
31$798,975$721,873$700,039$802,470
32$854,645$731,419$697,665$831,120
33$915,180$740,620$694,398$861,713
34$981,051$749,432$690,182$894,444
35$1,052,774$757,810$684,960$929,527
36$1,130,921$765,707$678,670$967,199
37$1,216,117$773,069$671,248$1,007,724
38$1,309,054$779,842$662,627$1,051,393
39$1,410,490$785,967$652,738$1,098,527
40$1,521,262$791,381$641,506$1,149,483
41$1,642,290$796,018$628,856$1,204,653
42$1,774,588$799,807$614,707$1,264,475
43$1,919,270$802,672$598,974$1,329,428
44$2,077,566$804,534$581,570$1,400,045
45$2,250,828$805,306$562,403$1,476,915
46$2,440,545$804,899$541,376$1,560,687
47$2,648,358$803,215$518,389$1,652,082
48$2,876,072$800,154$493,337$1,751,893
49$3,125,676$795,607$466,109$1,860,998
50$3,399,362$789,459$436,590$1,980,368
51$3,699,542$781,588$404,661$2,111,073
52$4,028,874$771,864$370,196$2,254,298
53$4,390,286$760,152$333,064$2,411,350
54$4,787,001$746,305$293,128$2,583,673
55$5,222,571$730,171$250,244$2,772,863
56$5,700,910$711,585$204,263$2,980,681
57$6,226,326$690,377$155,030$3,209,071
58$6,803,569$666,362$102,380$3,460,182
59$7,437,868$639,350$46,146$3,736,383
60$8,134,987$609,134$0$4,040,292
61$8,901,273$575,498$0$4,378,941
62$9,743,720$538,215$0$4,766,357
63$10,670,034$497,043$0$5,192,317
64$11,688,705$451,725$0$5,660,766
65$12,809,085$401,992$0$6,176,053
66$14,041,480$347,558$0$6,742,975
67$15,397,245$288,122$0$7,366,818
68$16,888,889$223,365$0$8,053,414
69$18,530,196$152,950$0$8,809,191
70$20,336,353$76,522$0$9,641,238
71$22,324,095$0$0$10,557,369
72$24,511,860$0$0$11,568,209
73$26,919,964$0$0$12,707,833
74$29,570,793$0$0$13,962,429
75$32,489,014$0$0$15,343,683
76$35,701,806$0$0$16,864,472
77$39,239,120$0$0$18,538,988
78$43,133,954$0$0$20,382,866
79$47,422,674$0$0$22,413,337
80$52,145,349$0$0$24,649,384
81$57,346,131$0$0$27,111,931
82$63,073,675$0$0$29,824,028
83$69,381,593$0$0$32,811,080
84$76,328,963$0$0$36,101,079
85$83,980,883$0$0$39,724,871
86$92,409,089$0$0$43,716,446
87$101,692,630$0$0$48,113,260
88$111,918,614$0$0$52,956,588
89$123,183,028$0$0$58,291,913
90$135,591,647$0$0$64,169,354
91$149,261,030$0$0$70,644,141
92$164,319,619$0$0$77,777,137
93$180,908,954$0$0$85,635,407
94$199,185,007$0$0$94,292,859
95$219,319,651$0$0$103,830,934
96$241,502,290$0$0$114,339,379
97$265,941,637$0$0$125,917,092
98$292,867,690$0$0$138,673,058
99$322,533,900$0$0$152,727,374
100$355,219,565$0$0$168,212,385