Can I retire at age 30 with 683,000?

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 $683,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$56,402$55,899$55,409$54,931$54,463$53,605
2 years$27,922$27,402$26,898$26,409$25,935$25,073
3 years$18,429$17,907$17,404$16,920$16,454$15,614
4 years$13,684$13,164$12,666$12,190$11,735$10,925
5 years$10,838$10,320$9,829$9,363$8,921$8,142
6 years$8,941$8,427$7,944$7,488$7,059$6,312
7 years$7,587$7,077$6,601$6,156$5,741$5,027
8 years$6,571$6,067$5,598$5,164$4,762$4,081
9 years$5,782$5,282$4,822$4,399$4,011$3,361
10 years$5,151$4,656$4,204$3,792$3,417$2,799
11 years$4,635$4,145$3,701$3,300$2,939$2,352
12 years$4,205$3,720$3,284$2,895$2,547$1,990
13 years$3,842$3,362$2,934$2,555$2,221$1,693
14 years$3,531$3,056$2,637$2,268$1,947$1,448
15 years$3,261$2,792$2,381$2,023$1,714$1,243
16 years$3,026$2,561$2,158$1,811$1,515$1,070
17 years$2,818$2,359$1,964$1,628$1,343$924
18 years$2,634$2,180$1,793$1,467$1,194$800
19 years$2,469$2,020$1,641$1,325$1,065$694
20 years$2,321$1,877$1,506$1,200$951$603
21 years$2,188$1,749$1,385$1,089$851$525
22 years$2,066$1,632$1,277$991$763$457
23 years$1,955$1,527$1,179$902$685$399
24 years$1,854$1,430$1,090$823$615$348
25 years$1,761$1,342$1,010$751$554$304
26 years$1,675$1,261$937$687$499$266
27 years$1,596$1,187$870$629$450$233
28 years$1,522$1,119$809$576$406$204
29 years$1,454$1,055$752$528$366$178
30 years$1,390$997$701$485$331$156
31 years$1,331$942$653$445$299$137
32 years$1,275$892$610$409$271$120
33 years$1,223$844$569$376$245$105
34 years$1,174$800$532$346$222$92
35 years$1,128$759$497$319$201$81
36 years$1,085$720$465$294$182$71
37 years$1,044$684$435$271$165$62
38 years$1,005$650$408$249$150$55
39 years$968$618$382$230$136$48
40 years$934$588$358$212$123$42
41 years$901$560$336$196$112$37
42 years$870$533$315$181$101$33
43 years$840$508$296$167$92$29
44 years$812$484$277$154$83$25
45 years$785$462$260$142$76$22
46 years$759$441$245$131$69$19
47 years$734$420$230$121$62$17
48 years$711$401$216$112$57$15
49 years$688$383$203$104$52$13
50 years$667$366$191$96$47$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $683,000, adding $3,093 every year, while hoping to spend $24,249 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: 72/11/17 Blend
29$683,000$683,000$683,000$683,000
30$755,856$719,657$709,071$807,079
31$807,153$729,120$707,024$850,962
32$862,869$738,233$704,096$895,775
33$923,430$746,955$700,231$944,225
34$989,303$755,239$695,373$996,667
35$1,061,004$763,037$689,459$1,053,493
36$1,139,098$770,298$682,427$1,115,136
37$1,224,208$776,965$674,211$1,182,072
38$1,317,021$782,979$664,741$1,254,826
39$1,418,290$788,279$653,943$1,333,977
40$1,528,848$792,797$641,742$1,420,164
41$1,649,608$796,461$628,058$1,514,089
42$1,781,578$799,197$612,808$1,616,529
43$1,925,865$800,924$595,903$1,728,338
44$2,083,690$801,557$577,253$1,850,459
45$2,256,397$801,004$556,762$1,983,931
46$2,445,466$799,169$534,329$2,129,898
47$2,652,526$795,951$509,851$2,289,625
48$2,879,371$791,239$483,218$2,464,503
49$3,127,977$784,920$454,316$2,656,066
50$3,400,520$776,871$423,026$2,866,007
51$3,699,398$766,963$389,222$3,096,190
52$4,027,250$755,057$352,775$3,348,671
53$4,386,984$741,010$313,547$3,625,717
54$4,781,803$724,666$271,398$3,929,827
55$5,215,236$705,863$226,178$4,263,755
56$5,691,167$684,428$177,732$4,630,538
57$6,213,879$660,178$125,899$5,033,522
58$6,788,087$632,919$70,509$5,476,399
59$7,418,986$602,446$11,386$5,963,234
60$8,112,301$568,544$0$6,498,514
61$8,874,336$530,983$0$7,096,559
62$9,712,038$489,521$0$7,756,253
63$10,633,059$443,901$0$8,481,570
64$11,645,833$393,854$0$9,279,170
65$12,759,647$339,092$0$10,156,390
66$13,984,738$279,314$0$11,121,316
67$15,332,381$214,201$0$12,182,857
68$16,815,002$143,415$0$13,350,834
69$18,446,290$66,600$0$14,636,066
70$20,241,329$0$0$16,050,477
71$22,216,737$0$0$17,609,221
72$24,390,826$0$0$19,333,650
73$26,783,774$0$0$21,231,712
74$29,417,813$0$0$23,321,046
75$32,317,440$0$0$25,621,089
76$35,509,648$0$0$28,153,257
77$39,024,179$0$0$30,941,150
78$42,893,808$0$0$34,010,769
79$47,154,648$0$0$37,390,768
80$51,846,492$0$0$41,112,721
81$57,013,189$0$0$45,211,418
82$62,703,058$0$0$49,725,196
83$68,969,341$0$0$54,696,299
84$75,870,707$0$0$60,171,277
85$83,471,808$0$0$66,201,425
86$91,843,882$0$0$72,843,268
87$101,065,434$0$0$80,159,092
88$111,222,969$0$0$88,217,533
89$122,411,811$0$0$97,094,224
90$134,737,004$0$0$106,872,511
91$148,314,302$0$0$117,644,236
92$163,271,258$0$0$129,510,604
93$179,748,435$0$0$142,583,142
94$197,900,724$0$0$156,984,746
95$217,898,811$0$0$172,850,844
96$239,930,789$0$0$190,330,674
97$264,203,927$0$0$209,588,692
98$290,946,630$0$0$230,806,123
99$320,410,598$0$0$254,182,673
100$352,873,194$0$0$279,938,411