Can I retire at age 30 with 679,000?

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 $679,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$56,071$55,572$55,084$54,609$54,144$52,078
2 years$27,758$27,241$26,740$26,254$25,783$23,726
3 years$18,322$17,802$17,303$16,821$16,358$14,374
4 years$13,604$13,087$12,592$12,119$11,667$9,772
5 years$10,775$10,260$9,772$9,308$8,869$7,067
6 years$8,889$8,378$7,897$7,444$7,018$5,311
7 years$7,542$7,036$6,562$6,120$5,707$4,095
8 years$6,533$6,031$5,566$5,134$4,735$3,215
9 years$5,748$5,251$4,794$4,373$3,987$2,558
10 years$5,121$4,629$4,179$3,770$3,397$2,056
11 years$4,608$4,121$3,679$3,281$2,922$1,666
12 years$4,181$3,698$3,265$2,878$2,532$1,358
13 years$3,819$3,342$2,917$2,541$2,208$1,112
14 years$3,510$3,038$2,621$2,255$1,935$914
15 years$3,242$2,775$2,367$2,011$1,704$754
16 years$3,008$2,546$2,146$1,801$1,506$623
17 years$2,802$2,345$1,952$1,618$1,335$516
18 years$2,619$2,167$1,782$1,458$1,187$429
19 years$2,455$2,008$1,632$1,318$1,058$356
20 years$2,308$1,866$1,497$1,193$945$296
21 years$2,175$1,738$1,377$1,083$846$247
22 years$2,054$1,623$1,269$985$758$206
23 years$1,944$1,518$1,172$897$681$172
24 years$1,843$1,422$1,084$818$612$143
25 years$1,751$1,334$1,004$747$551$120
26 years$1,665$1,254$931$683$496$100
27 years$1,586$1,180$865$625$447$83
28 years$1,513$1,112$804$573$403$70
29 years$1,445$1,049$748$525$364$58
30 years$1,382$991$697$482$329$49
31 years$1,323$937$650$443$298$41
32 years$1,268$886$606$407$269$34
33 years$1,216$839$566$374$244$28
34 years$1,167$795$529$344$221$24
35 years$1,122$755$494$317$200$20
36 years$1,078$716$462$292$181$17
37 years$1,038$680$433$269$164$14
38 years$999$646$405$248$149$12
39 years$963$615$380$229$135$10
40 years$928$585$356$211$122$8
41 years$896$557$334$194$111$7
42 years$864$530$313$179$101$6
43 years$835$505$294$166$91$5
44 years$807$482$276$153$83$4
45 years$780$459$259$141$75$3
46 years$754$438$243$131$68$3
47 years$730$418$228$121$62$2
48 years$707$399$215$111$56$2
49 years$684$381$202$103$51$2
50 years$663$364$190$95$47$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $679,000, adding $6,566 every year, while hoping to spend $42,927 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: 74/20/6 Blend
29$679,000$679,000$679,000$679,000
30$755,031$719,044$708,519$809,912
31$786,370$708,603$686,581$836,496
32$819,467$696,212$662,468$859,516
33$854,456$681,729$636,064$883,503
34$891,483$665,007$607,245$908,536
35$930,707$645,885$575,881$934,704
36$972,304$624,198$541,838$962,106
37$1,016,464$599,769$504,974$990,853
38$1,063,395$572,409$465,142$1,021,066
39$1,113,325$541,921$422,188$1,052,879
40$1,166,504$508,095$375,952$1,086,443
41$1,223,206$470,710$326,264$1,121,923
42$1,283,729$429,531$272,951$1,159,505
43$1,348,402$384,311$215,827$1,199,391
44$1,417,584$334,787$154,702$1,241,810
45$1,491,670$280,684$89,377$1,287,012
46$1,571,091$221,708$19,642$1,335,275
47$1,656,323$157,552$0$1,386,908
48$1,747,885$87,889$0$1,445,760
49$1,846,348$12,375$0$1,510,274
50$1,952,341$0$0$1,579,626
51$2,066,551$0$0$1,669,560
52$2,189,736$0$0$1,769,521
53$2,322,725$0$0$1,877,462
54$2,466,434$0$0$1,994,128
55$2,621,864$0$0$2,120,337
56$2,790,120$0$0$2,256,987
57$2,972,413$0$0$2,405,067
58$3,170,079$0$0$2,565,665
59$3,384,582$0$0$2,739,975
60$3,617,536$0$0$2,929,311
61$3,870,715$0$0$3,135,121
62$4,146,069$0$0$3,358,994
63$4,445,748$0$0$3,602,682
64$4,772,111$0$0$3,868,109
65$5,127,761$0$0$4,157,395
66$5,515,556$0$0$4,472,872
67$5,938,647$0$0$4,817,108
68$6,400,499$0$0$5,192,929
69$6,904,928$0$0$5,603,443
70$7,456,132$0$0$6,052,077
71$8,058,738$0$0$6,542,600
72$8,717,834$0$0$7,079,162
73$9,439,027$0$0$7,666,333
74$10,228,489$0$0$8,309,147
75$11,093,016$0$0$9,013,144
76$12,040,094$0$0$9,784,428
77$13,077,964$0$0$10,629,719
78$14,215,706$0$0$11,556,419
79$15,463,316$0$0$12,572,680
80$16,831,808$0$0$13,687,481
81$18,333,309$0$0$14,910,712
82$19,981,181$0$0$16,253,266
83$21,790,138$0$0$17,727,144
84$23,776,391$0$0$19,345,562
85$25,957,798$0$0$21,123,082
86$28,354,029$0$0$23,075,743
87$30,986,754$0$0$25,221,216
88$33,879,846$0$0$27,578,968
89$37,059,606$0$0$30,170,443
90$40,555,008$0$0$33,019,270
91$44,397,974$0$0$36,151,477
92$48,623,672$0$0$39,595,742
93$53,270,851$0$0$43,383,663
94$58,382,200$0$0$47,550,049
95$64,004,754$0$0$52,133,257
96$70,190,338$0$0$57,175,545
97$76,996,050$0$0$62,723,473
98$84,484,802$0$0$68,828,346
99$92,725,915$0$0$75,546,688
100$101,795,767$0$0$82,940,783