Can I retire at age 30 with 651,000?

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 $651,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$53,759$53,280$52,813$52,357$51,912$50,801
2 years$26,613$26,118$25,637$25,172$24,720$23,607
3 years$17,566$17,068$16,589$16,128$15,683$14,602
4 years$13,043$12,547$12,073$11,619$11,185$10,144
5 years$10,330$9,837$9,369$8,925$8,503$7,505
6 years$8,522$8,033$7,571$7,137$6,728$5,774
7 years$7,231$6,746$6,292$5,868$5,472$4,562
8 years$6,263$5,782$5,336$4,922$4,539$3,674
9 years$5,511$5,035$4,596$4,193$3,823$3,001
10 years$4,910$4,438$4,007$3,614$3,257$2,478
11 years$4,418$3,951$3,528$3,145$2,801$2,063
12 years$4,008$3,546$3,131$2,759$2,428$1,730
13 years$3,662$3,204$2,797$2,436$2,117$1,459
14 years$3,365$2,913$2,513$2,162$1,856$1,235
15 years$3,109$2,661$2,269$1,928$1,634$1,050
16 years$2,884$2,441$2,057$1,727$1,444$896
17 years$2,686$2,248$1,872$1,551$1,280$766
18 years$2,511$2,078$1,709$1,398$1,138$656
19 years$2,354$1,925$1,564$1,263$1,015$563
20 years$2,213$1,789$1,436$1,144$906$484
21 years$2,085$1,667$1,321$1,038$811$417
22 years$1,969$1,556$1,217$944$727$359
23 years$1,864$1,455$1,124$860$653$310
24 years$1,767$1,363$1,039$784$587$268
25 years$1,678$1,279$963$716$528$231
26 years$1,597$1,202$893$655$475$200
27 years$1,521$1,132$829$599$429$173
28 years$1,451$1,066$771$549$387$150
29 years$1,386$1,006$717$504$349$130
30 years$1,325$950$668$462$316$112
31 years$1,269$898$623$424$285$97
32 years$1,216$850$581$390$258$84
33 years$1,166$805$543$359$234$73
34 years$1,119$763$507$330$211$63
35 years$1,075$723$474$304$192$55
36 years$1,034$687$443$280$174$48
37 years$995$652$415$258$157$41
38 years$958$620$389$238$143$36
39 years$923$589$364$219$129$31
40 years$890$561$341$202$117$27
41 years$859$534$320$186$106$23
42 years$829$508$300$172$97$20
43 years$800$484$282$159$88$18
44 years$773$462$264$147$80$15
45 years$748$440$248$135$72$13
46 years$723$420$233$125$66$12
47 years$700$401$219$116$60$10
48 years$677$383$206$107$54$9
49 years$656$365$193$99$49$8
50 years$636$349$182$91$45$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $651,000, adding $4,332 every year, while hoping to spend $47,429 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: 77/12/11 Blend
29$651,000$651,000$651,000$651,000
30$721,870$687,367$677,277$775,664
31$745,037$670,584$649,502$794,892
32$768,977$651,389$619,206$809,485
33$793,720$629,614$586,256$824,138
34$819,294$605,080$550,511$838,836
35$845,733$577,600$511,824$853,566
36$873,069$546,973$470,041$868,315
37$901,336$512,990$425,002$883,067
38$930,573$475,426$376,540$897,806
39$960,816$434,047$324,479$912,515
40$992,107$388,603$268,637$927,178
41$1,024,489$338,831$208,822$941,774
42$1,058,005$284,453$144,837$956,286
43$1,092,704$225,174$76,471$970,693
44$1,128,637$160,684$3,510$984,973
45$1,165,855$90,655$0$999,106
46$1,204,416$14,740$0$1,021,795
47$1,244,378$0$0$1,045,297
48$1,285,806$0$0$1,078,109
49$1,328,767$0$0$1,114,154
50$1,373,331$0$0$1,151,548
51$1,419,575$0$0$1,190,354
52$1,467,581$0$0$1,230,641
53$1,517,434$0$0$1,272,481
54$1,569,227$0$0$1,315,954
55$1,623,059$0$0$1,361,141
56$1,679,035$0$0$1,408,132
57$1,737,270$0$0$1,457,024
58$1,797,884$0$0$1,507,918
59$1,861,008$0$0$1,560,925
60$1,926,783$0$0$1,616,164
61$1,995,359$0$0$1,673,762
62$2,066,899$0$0$1,733,856
63$2,141,579$0$0$1,796,595
64$2,219,588$0$0$1,862,139
65$2,301,130$0$0$1,930,661
66$2,386,427$0$0$2,002,347
67$2,475,716$0$0$2,077,401
68$2,569,259$0$0$2,156,040
69$2,667,335$0$0$2,238,503
70$2,770,249$0$0$2,325,047
71$2,878,332$0$0$2,415,953
72$2,991,943$0$0$2,511,524
73$3,111,473$0$0$2,612,091
74$3,237,348$0$0$2,718,015
75$3,370,029$0$0$2,829,687
76$3,510,022$0$0$2,947,534
77$3,657,876$0$0$3,072,022
78$3,814,191$0$0$3,203,659
79$3,979,621$0$0$3,342,999
80$4,154,881$0$0$3,490,647
81$4,340,752$0$0$3,647,265
82$4,538,087$0$0$3,813,576
83$4,747,819$0$0$3,990,372
84$4,970,969$0$0$4,178,516
85$5,208,656$0$0$4,378,957
86$5,462,101$0$0$4,592,730
87$5,732,647$0$0$4,820,973
88$6,021,760$0$0$5,064,930
89$6,331,051$0$0$5,325,966
90$6,662,285$0$0$5,605,576
91$7,017,397$0$0$5,905,402
92$7,398,510$0$0$6,227,244
93$7,807,954$0$0$6,573,077
94$8,248,289$0$0$6,945,071
95$8,722,321$0$0$7,345,608
96$9,233,134$0$0$7,777,301
97$9,784,116$0$0$8,243,024
98$10,378,988$0$0$8,745,932
99$11,021,840$0$0$9,289,494
100$11,717,164$0$0$9,877,521