Can I retire at age 30 with 677,000?

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 $677,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$55,906$55,408$54,922$54,448$53,985$52,278
2 years$27,676$27,161$26,661$26,177$25,707$24,003
3 years$18,268$17,750$17,252$16,772$16,310$14,661
4 years$13,564$13,048$12,555$12,083$11,632$10,053
5 years$10,743$10,230$9,743$9,281$8,843$7,336
6 years$8,863$8,353$7,874$7,422$6,997$5,565
7 years$7,520$7,015$6,543$6,102$5,690$4,332
8 years$6,514$6,013$5,549$5,119$4,721$3,436
9 years$5,731$5,236$4,779$4,360$3,975$2,763
10 years$5,106$4,615$4,167$3,759$3,387$2,245
11 years$4,594$4,108$3,668$3,271$2,913$1,838
12 years$4,168$3,688$3,256$2,869$2,525$1,515
13 years$3,808$3,332$2,909$2,533$2,201$1,255
14 years$3,500$3,029$2,613$2,249$1,930$1,044
15 years$3,233$2,767$2,360$2,005$1,699$872
16 years$2,999$2,539$2,139$1,796$1,502$730
17 years$2,794$2,338$1,947$1,613$1,331$612
18 years$2,611$2,161$1,777$1,454$1,184$515
19 years$2,448$2,002$1,627$1,314$1,055$433
20 years$2,301$1,861$1,493$1,190$943$365
21 years$2,168$1,733$1,373$1,080$843$308
22 years$2,048$1,618$1,266$982$756$260
23 years$1,938$1,513$1,169$894$679$220
24 years$1,838$1,418$1,081$816$610$186
25 years$1,745$1,330$1,001$745$549$158
26 years$1,660$1,250$928$681$494$133
27 years$1,582$1,177$862$623$446$113
28 years$1,509$1,109$801$571$402$96
29 years$1,441$1,046$746$524$363$81
30 years$1,378$988$695$481$328$69
31 years$1,319$934$648$441$297$58
32 years$1,264$884$604$406$268$49
33 years$1,212$837$564$373$243$42
34 years$1,164$793$527$343$220$36
35 years$1,118$752$493$316$199$30
36 years$1,075$714$461$291$180$26
37 years$1,035$678$432$268$164$22
38 years$996$645$404$247$148$18
39 years$960$613$379$228$134$16
40 years$926$583$355$210$122$13
41 years$893$555$333$194$111$11
42 years$862$529$312$179$100$10
43 years$832$504$293$165$91$8
44 years$804$480$275$153$83$7
45 years$778$458$258$141$75$6
46 years$752$437$242$130$68$5
47 years$728$417$228$120$62$4
48 years$705$398$214$111$56$4
49 years$682$380$201$103$51$3
50 years$661$363$189$95$46$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $677,000, adding $4,520 every year, while hoping to spend $40,122 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: 71/24/5 Blend
29$677,000$677,000$677,000$677,000
30$750,716$714,835$704,342$803,339
31$784,600$707,173$685,248$831,000
32$820,595$697,790$664,169$855,827
33$858,874$686,560$640,998$881,872
34$899,627$673,350$615,619$909,244
35$943,062$658,016$587,915$938,062
36$989,404$640,409$557,759$968,461
37$1,038,902$620,368$525,024$1,000,587
38$1,091,830$597,726$489,572$1,034,606
39$1,148,486$572,304$451,261$1,070,697
40$1,209,197$543,912$409,944$1,109,064
41$1,274,323$512,352$365,465$1,149,928
42$1,344,258$477,411$317,663$1,193,538
43$1,419,435$438,867$266,367$1,240,165
44$1,500,329$396,483$211,402$1,290,115
45$1,587,462$350,010$152,583$1,343,723
46$1,681,406$299,184$89,718$1,401,361
47$1,782,792$243,726$22,606$1,463,441
48$1,892,310$183,342$0$1,530,419
49$2,010,721$117,721$0$1,605,416
50$2,138,859$46,534$0$1,687,832
51$2,277,644$0$0$1,777,092
52$2,428,084$0$0$1,881,966
53$2,591,290$0$0$2,009,101
54$2,768,483$0$0$2,147,161
55$2,961,004$0$0$2,297,197
56$3,170,333$0$0$2,460,363
57$3,398,093$0$0$2,637,932
58$3,646,073$0$0$2,831,301
59$3,916,240$0$0$3,042,009
60$4,210,759$0$0$3,271,750
61$4,532,014$0$0$3,522,387
62$4,882,627$0$0$3,795,972
63$5,265,486$0$0$4,094,763
64$5,683,768$0$0$4,421,246
65$6,140,974$0$0$4,778,158
66$6,640,954$0$0$5,168,513
67$7,187,950$0$0$5,595,628
68$7,786,633$0$0$6,063,156
69$8,442,146$0$0$6,575,120
70$9,160,151$0$0$7,135,951
71$9,946,885$0$0$7,750,527
72$10,809,216$0$0$8,424,220
73$11,754,710$0$0$9,162,950
74$12,791,697$0$0$9,973,233
75$13,929,353$0$0$10,862,248
76$15,177,787$0$0$11,837,902
77$16,548,132$0$0$12,908,906
78$18,052,652$0$0$14,084,854
79$19,704,856$0$0$15,376,314
80$21,519,626$0$0$16,794,930
81$23,513,356$0$0$18,353,527
82$25,704,107$0$0$20,066,235
83$28,111,774$0$0$21,948,619
84$30,758,278$0$0$24,017,829
85$33,667,767$0$0$26,292,757
86$36,866,846$0$0$28,794,219
87$40,384,828$0$0$31,545,147
88$44,254,007$0$0$34,570,809
89$48,509,965$0$0$37,899,042
90$53,191,905$0$0$41,560,518
91$58,343,022$0$0$45,589,031
92$64,010,907$0$0$50,021,817
93$70,247,999$0$0$54,899,902
94$77,112,076$0$0$60,268,491
95$84,666,800$0$0$66,177,394
96$92,982,319$0$0$72,681,493
97$102,135,925$0$0$79,841,261
98$112,212,785$0$0$87,723,332
99$123,306,744$0$0$96,401,130
100$135,521,206$0$0$105,955,558