Can I retire at age 30 with 676,000?

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 $676,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$55,823$55,326$54,841$54,368$53,905$53,387
2 years$27,635$27,121$26,622$26,138$25,669$25,147
3 years$18,241$17,724$17,226$16,747$16,286$15,776
4 years$13,544$13,029$12,536$12,065$11,615$11,121
5 years$10,727$10,215$9,729$9,267$8,830$8,354
6 years$8,849$8,341$7,862$7,411$6,987$6,529
7 years$7,509$7,005$6,533$6,093$5,682$5,243
8 years$6,504$6,004$5,541$5,111$4,714$4,293
9 years$5,723$5,228$4,772$4,354$3,970$3,568
10 years$5,098$4,608$4,161$3,753$3,382$2,998
11 years$4,587$4,102$3,663$3,266$2,909$2,543
12 years$4,162$3,682$3,251$2,865$2,521$2,172
13 years$3,803$3,328$2,904$2,529$2,198$1,867
14 years$3,495$3,025$2,610$2,245$1,927$1,612
15 years$3,228$2,763$2,356$2,002$1,697$1,398
16 years$2,995$2,535$2,136$1,793$1,499$1,216
17 years$2,789$2,335$1,944$1,611$1,330$1,062
18 years$2,607$2,157$1,774$1,452$1,182$929
19 years$2,444$1,999$1,624$1,312$1,054$815
20 years$2,298$1,858$1,491$1,188$941$716
21 years$2,165$1,731$1,371$1,078$842$630
22 years$2,045$1,615$1,264$980$755$555
23 years$1,935$1,511$1,167$893$678$490
24 years$1,835$1,416$1,079$814$609$432
25 years$1,743$1,328$1,000$744$548$382
26 years$1,658$1,249$927$680$494$338
27 years$1,579$1,175$861$622$445$300
28 years$1,507$1,107$800$570$402$265
29 years$1,439$1,045$745$523$363$235
30 years$1,376$986$694$480$328$209
31 years$1,317$933$647$441$296$185
32 years$1,262$882$603$405$268$164
33 years$1,211$836$563$373$243$146
34 years$1,162$792$526$343$220$130
35 years$1,117$751$492$316$199$115
36 years$1,074$713$460$291$180$102
37 years$1,033$677$431$268$163$91
38 years$995$644$404$247$148$81
39 years$959$612$378$228$134$72
40 years$924$582$354$210$122$64
41 years$892$554$332$194$110$57
42 years$861$528$312$179$100$51
43 years$831$503$292$165$91$45
44 years$803$479$275$152$83$40
45 years$776$457$258$141$75$36
46 years$751$436$242$130$68$32
47 years$727$416$227$120$62$28
48 years$703$397$214$111$56$25
49 years$681$379$201$103$51$22
50 years$660$362$189$95$46$20

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $676,000, adding $4,971 every year, while hoping to spend $30,497 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: 36/34/30 Blend
29$676,000$676,000$676,000$676,000
30$750,080$714,252$703,774$770,196
31$794,139$716,801$694,901$788,218
32$841,671$718,454$684,710$804,569
33$892,996$719,133$673,123$821,647
34$948,469$718,758$660,060$839,539
35$1,008,478$717,243$645,437$858,343
36$1,073,452$714,496$629,168$878,169
37$1,143,859$710,422$611,160$899,140
38$1,220,216$704,916$591,318$921,395
39$1,303,092$697,871$569,541$945,089
40$1,393,111$689,170$545,724$970,397
41$1,490,961$678,692$519,758$997,514
42$1,597,398$666,307$491,529$1,026,658
43$1,713,254$651,877$460,916$1,058,074
44$1,839,444$635,257$427,795$1,092,033
45$1,976,975$616,293$392,035$1,128,840
46$2,126,957$594,822$353,498$1,168,835
47$2,290,610$570,671$312,044$1,212,396
48$2,469,276$543,658$267,521$1,259,944
49$2,664,435$513,589$219,775$1,311,950
50$2,877,713$480,261$168,644$1,368,935
51$3,110,903$443,458$113,957$1,431,481
52$3,365,978$402,950$55,537$1,500,234
53$3,645,110$358,497$0$1,575,913
54$3,950,692$309,843$0$1,661,496
55$4,285,357$256,720$0$1,774,803
56$4,652,006$198,842$0$1,899,086
57$5,053,833$135,908$0$2,035,506
58$5,494,358$67,602$0$2,185,345
59$5,977,455$0$0$2,350,018
60$6,507,393$0$0$2,533,493
61$7,088,871$0$0$2,762,661
62$7,727,068$0$0$3,014,283
63$8,427,688$0$0$3,290,621
64$9,197,014$0$0$3,594,164
65$10,041,966$0$0$3,927,658
66$10,970,170$0$0$4,294,125
67$11,990,024$0$0$4,696,895
68$13,110,781$0$0$5,139,639
69$14,342,636$0$0$5,626,398
70$15,696,818$0$0$6,161,625
71$17,185,701$0$0$6,750,228
72$18,822,916$0$0$7,397,611
73$20,623,481$0$0$8,109,732
74$22,603,943$0$0$8,893,153
75$24,782,535$0$0$9,755,104
76$27,179,341$0$0$10,703,551
77$29,816,495$0$0$11,747,273
78$32,718,382$0$0$12,895,942
79$35,911,870$0$0$14,160,213
80$39,426,565$0$0$15,551,831
81$43,295,086$0$0$17,083,732
82$47,553,378$0$0$18,770,174
83$52,241,045$0$0$20,626,867
84$57,401,726$0$0$22,671,119
85$63,083,507$0$0$24,922,004
86$69,339,375$0$0$27,400,541
87$76,227,714$0$0$30,129,888
88$83,812,858$0$0$33,135,564
89$92,165,700$0$0$36,445,691
90$101,364,355$0$0$40,091,256
91$111,494,902$0$0$44,106,403
92$122,652,194$0$0$48,528,759
93$134,940,751$0$0$53,399,786
94$148,475,749$0$0$58,765,173
95$163,384,104$0$0$64,675,265
96$179,805,672$0$0$71,185,541
97$197,894,567$0$0$78,357,138
98$217,820,613$0$0$86,257,424
99$239,770,951$0$0$94,960,636
100$263,951,802$0$0$104,548,583