Can I retire at age 30 with 675,000?

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 $675,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$55,741$55,244$54,760$54,287$53,825$52,869
2 years$27,594$27,081$26,582$26,100$25,631$24,670
3 years$18,214$17,697$17,201$16,722$16,261$15,327
4 years$13,524$13,009$12,518$12,047$11,598$10,696
5 years$10,711$10,200$9,714$9,254$8,816$7,951
6 years$8,836$8,329$7,851$7,400$6,976$6,147
7 years$7,498$6,994$6,524$6,084$5,673$4,882
8 years$6,494$5,996$5,533$5,104$4,707$3,952
9 years$5,714$5,220$4,765$4,347$3,964$3,245
10 years$5,091$4,601$4,155$3,747$3,377$2,694
11 years$4,581$4,096$3,658$3,261$2,905$2,257
12 years$4,156$3,677$3,246$2,861$2,517$1,903
13 years$3,797$3,323$2,900$2,526$2,195$1,614
14 years$3,489$3,020$2,606$2,242$1,924$1,376
15 years$3,223$2,759$2,353$1,999$1,694$1,177
16 years$2,991$2,531$2,133$1,790$1,497$1,010
17 years$2,785$2,331$1,941$1,608$1,328$869
18 years$2,603$2,154$1,772$1,450$1,180$749
19 years$2,440$1,996$1,622$1,310$1,052$648
20 years$2,294$1,855$1,489$1,186$940$561
21 years$2,162$1,728$1,369$1,077$841$486
22 years$2,042$1,613$1,262$979$754$422
23 years$1,932$1,509$1,165$892$677$366
24 years$1,832$1,414$1,078$813$608$319
25 years$1,740$1,327$998$743$547$277
26 years$1,655$1,247$926$679$493$242
27 years$1,577$1,173$860$621$444$210
28 years$1,504$1,106$799$569$401$184
29 years$1,437$1,043$744$522$362$160
30 years$1,374$985$693$479$327$140
31 years$1,315$931$646$440$296$122
32 years$1,260$881$602$404$268$106
33 years$1,209$834$563$372$242$93
34 years$1,160$791$526$342$219$81
35 years$1,115$750$491$315$199$71
36 years$1,072$712$460$290$180$62
37 years$1,032$676$430$267$163$54
38 years$993$643$403$246$148$47
39 years$957$611$378$227$134$41
40 years$923$581$354$210$122$36
41 years$890$553$332$193$110$32
42 years$859$527$311$178$100$28
43 years$830$502$292$165$91$24
44 years$802$479$274$152$82$21
45 years$775$456$257$140$75$19
46 years$750$435$242$130$68$16
47 years$726$416$227$120$62$14
48 years$702$397$213$111$56$12
49 years$680$379$201$102$51$11
50 years$659$362$189$95$46$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $675,000, adding $5,141 every year, while hoping to spend $43,116 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: 68/14/18 Blend
29$675,000$675,000$675,000$675,000
30$749,153$713,378$702,915$796,479
31$779,691$702,458$680,588$817,816
32$811,900$689,559$656,068$835,614
33$845,903$674,536$629,235$854,019
34$881,837$657,240$599,966$873,088
35$919,850$637,511$568,131$892,884
36$960,104$615,179$533,593$913,479
37$1,002,777$590,065$496,211$934,953
38$1,048,062$561,980$455,836$957,395
39$1,096,171$530,723$412,312$980,907
40$1,147,335$496,083$365,479$1,005,600
41$1,201,807$457,835$315,167$1,031,599
42$1,259,865$415,742$261,198$1,059,046
43$1,321,812$369,554$203,389$1,088,096
44$1,387,981$319,007$141,547$1,118,925
45$1,458,736$263,820$75,470$1,151,728
46$1,534,478$203,698$4,949$1,186,721
47$1,615,645$138,329$0$1,224,146
48$1,702,717$67,383$0$1,277,777
49$1,796,222$0$0$1,336,303
50$1,896,739$0$0$1,400,613
51$2,004,904$0$0$1,481,014
52$2,121,414$0$0$1,567,649
53$2,247,037$0$0$1,661,092
54$2,382,615$0$0$1,761,971
55$2,529,073$0$0$1,870,982
56$2,687,427$0$0$1,988,884
57$2,858,796$0$0$2,116,514
58$3,044,407$0$0$2,254,793
59$3,245,613$0$0$2,404,732
60$3,463,898$0$0$2,567,442
61$3,700,895$0$0$2,744,149
62$3,958,403$0$0$2,936,196
63$4,238,397$0$0$3,145,065
64$4,543,051$0$0$3,372,383
65$4,874,759$0$0$3,619,944
66$5,236,153$0$0$3,889,719
67$5,630,130$0$0$4,183,877
68$6,059,880$0$0$4,504,808
69$6,528,912$0$0$4,855,141
70$7,041,089$0$0$5,237,769
71$7,600,664$0$0$5,655,878
72$8,212,320$0$0$6,112,976
73$8,881,211$0$0$6,612,925
74$9,613,012$0$0$7,159,975
75$10,413,974$0$0$7,758,809
76$11,290,977$0$0$8,414,583
77$12,251,601$0$0$9,132,973
78$13,304,189$0$0$9,920,233
79$14,457,934$0$0$10,783,247
80$15,722,957$0$0$11,729,600
81$17,110,408$0$0$12,767,644
82$18,632,565$0$0$13,906,580
83$20,302,955$0$0$15,156,542
84$22,136,475$0$0$16,528,692
85$24,149,537$0$0$18,035,326
86$26,360,218$0$0$19,689,989
87$28,788,433$0$0$21,507,601
88$31,456,119$0$0$23,504,602
89$34,387,443$0$0$25,699,097
90$37,609,031$0$0$28,111,038
91$41,150,214$0$0$30,762,401
92$45,043,308$0$0$33,677,401
93$49,323,913$0$0$36,882,714
94$54,031,255$0$0$40,407,730
95$59,208,550$0$0$44,284,832
96$64,903,411$0$0$48,549,697
97$71,168,299$0$0$53,241,634
98$78,061,015$0$0$58,403,955
99$85,645,245$0$0$64,084,380
100$93,991,159$0$0$70,335,490