Can I retire at age 30 with 678,000?

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 $678,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$55,989$55,490$55,003$54,528$54,065$53,478
2 years$27,717$27,201$26,701$26,216$25,745$25,154
3 years$18,295$17,776$17,277$16,797$16,334$15,757
4 years$13,584$13,067$12,573$12,101$11,649$11,092
5 years$10,759$10,245$9,757$9,295$8,856$8,318
6 years$8,876$8,366$7,885$7,433$7,007$6,491
7 years$7,531$7,026$6,553$6,111$5,699$5,204
8 years$6,523$6,022$5,557$5,126$4,728$4,254
9 years$5,740$5,243$4,787$4,367$3,981$3,528
10 years$5,113$4,622$4,173$3,764$3,392$2,960
11 years$4,601$4,115$3,674$3,276$2,917$2,506
12 years$4,174$3,693$3,260$2,873$2,528$2,136
13 years$3,814$3,337$2,913$2,537$2,205$1,832
14 years$3,505$3,034$2,617$2,252$1,933$1,579
15 years$3,238$2,771$2,363$2,008$1,702$1,367
16 years$3,004$2,543$2,142$1,798$1,504$1,187
17 years$2,798$2,342$1,950$1,616$1,333$1,034
18 years$2,615$2,164$1,780$1,456$1,186$902
19 years$2,451$2,005$1,629$1,316$1,057$790
20 years$2,304$1,863$1,495$1,192$944$692
21 years$2,172$1,736$1,375$1,081$845$608
22 years$2,051$1,620$1,268$983$757$534
23 years$1,941$1,515$1,170$895$680$470
24 years$1,840$1,420$1,082$817$611$415
25 years$1,748$1,332$1,003$746$550$366
26 years$1,663$1,252$930$682$495$323
27 years$1,584$1,179$863$624$446$285
28 years$1,511$1,111$803$572$403$252
29 years$1,443$1,048$747$524$364$223
30 years$1,380$989$696$481$329$197
31 years$1,321$935$649$442$297$175
32 years$1,266$885$605$406$269$155
33 years$1,214$838$565$374$243$137
34 years$1,166$794$528$344$220$121
35 years$1,120$753$494$316$199$108
36 years$1,077$715$462$291$181$95
37 years$1,036$679$432$269$164$85
38 years$998$645$405$248$149$75
39 years$961$614$379$228$135$66
40 years$927$584$355$210$122$59
41 years$894$556$333$194$111$52
42 years$863$529$313$179$101$46
43 years$834$504$293$165$91$41
44 years$806$481$275$153$83$37
45 years$779$458$259$141$75$32
46 years$753$437$243$130$68$29
47 years$729$417$228$120$62$26
48 years$706$398$214$111$56$23
49 years$683$381$202$103$51$20
50 years$662$363$189$95$46$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $678,000, adding $4,714 every year, while hoping to spend $48,931 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: 71/15/14 Blend
29$678,000$678,000$678,000$678,000
30$752,018$716,084$705,575$802,749
31$776,662$699,110$677,150$820,055
32$802,180$679,665$646,132$832,611
33$828,608$657,574$612,384$845,073
34$855,987$632,657$575,760$857,423
35$884,360$604,719$536,110$869,641
36$913,769$573,555$493,274$881,707
37$944,263$538,949$447,089$893,600
38$975,893$500,672$397,381$905,299
39$1,008,711$458,481$343,970$916,782
40$1,042,774$412,122$286,668$928,026
41$1,078,144$361,323$225,278$939,007
42$1,114,886$305,799$159,596$949,703
43$1,153,068$245,247$89,407$960,089
44$1,192,766$179,349$14,486$970,141
45$1,234,059$107,767$0$979,835
46$1,277,031$30,147$0$998,925
47$1,321,776$0$0$1,020,554
48$1,368,391$0$0$1,051,464
49$1,416,982$0$0$1,088,878
50$1,467,663$0$0$1,127,909
51$1,520,558$0$0$1,168,652
52$1,575,798$0$0$1,211,209
53$1,633,528$0$0$1,255,693
54$1,693,901$0$0$1,302,225
55$1,757,085$0$0$1,350,933
56$1,823,263$0$0$1,401,961
57$1,892,629$0$0$1,455,459
58$1,965,397$0$0$1,511,596
59$2,041,800$0$0$1,570,550
60$2,122,087$0$0$1,632,518
61$2,206,532$0$0$1,697,712
62$2,295,432$0$0$1,766,365
63$2,389,111$0$0$1,838,728
64$2,487,920$0$0$1,915,076
65$2,592,245$0$0$1,995,708
66$2,702,503$0$0$2,080,952
67$2,819,152$0$0$2,171,164
68$2,942,690$0$0$2,266,733
69$3,073,663$0$0$2,368,085
70$3,212,666$0$0$2,475,684
71$3,360,350$0$0$2,590,039
72$3,517,427$0$0$2,711,705
73$3,684,678$0$0$2,841,293
74$3,862,954$0$0$2,979,468
75$4,053,192$0$0$3,126,960
76$4,256,415$0$0$3,284,569
77$4,473,746$0$0$3,453,172
78$4,706,414$0$0$3,633,730
79$4,955,769$0$0$3,827,297
80$5,223,292$0$0$4,035,031
81$5,510,605$0$0$4,258,200
82$5,819,493$0$0$4,498,198
83$6,151,912$0$0$4,756,554
84$6,510,010$0$0$5,034,947
85$6,896,149$0$0$5,335,223
86$7,312,921$0$0$5,659,409
87$7,763,174$0$0$6,009,732
88$8,250,039$0$0$6,388,639
89$8,776,958$0$0$6,798,820
90$9,347,714$0$0$7,243,235
91$9,966,464$0$0$7,725,133
92$10,637,784$0$0$8,248,093
93$11,366,703$0$0$8,816,048
94$12,158,753$0$0$9,433,323
95$13,020,021$0$0$10,104,678
96$13,957,201$0$0$10,835,350
97$14,977,663$0$0$11,631,100
98$16,089,511$0$0$12,498,269
99$17,301,667$0$0$13,443,835
100$18,623,952$0$0$14,475,476