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%19.6%
1 years$53,759$53,280$52,813$52,357$51,912$49,911
2 years$26,613$26,118$25,637$25,172$24,720$22,728
3 years$17,566$17,068$16,589$16,128$15,683$13,763
4 years$13,043$12,547$12,073$11,619$11,185$9,352
5 years$10,330$9,837$9,369$8,925$8,503$6,760
6 years$8,522$8,033$7,571$7,137$6,728$5,077
7 years$7,231$6,746$6,292$5,868$5,472$3,912
8 years$6,263$5,782$5,336$4,922$4,539$3,070
9 years$5,511$5,035$4,596$4,193$3,823$2,441
10 years$4,910$4,438$4,007$3,614$3,257$1,961
11 years$4,418$3,951$3,528$3,145$2,801$1,588
12 years$4,008$3,546$3,131$2,759$2,428$1,293
13 years$3,662$3,204$2,797$2,436$2,117$1,058
14 years$3,365$2,913$2,513$2,162$1,856$869
15 years$3,109$2,661$2,269$1,928$1,634$716
16 years$2,884$2,441$2,057$1,727$1,444$592
17 years$2,686$2,248$1,872$1,551$1,280$490
18 years$2,511$2,078$1,709$1,398$1,138$406
19 years$2,354$1,925$1,564$1,263$1,015$338
20 years$2,213$1,789$1,436$1,144$906$281
21 years$2,085$1,667$1,321$1,038$811$234
22 years$1,969$1,556$1,217$944$727$194
23 years$1,864$1,455$1,124$860$653$162
24 years$1,767$1,363$1,039$784$587$135
25 years$1,678$1,279$963$716$528$113
26 years$1,597$1,202$893$655$475$94
27 years$1,521$1,132$829$599$429$79
28 years$1,451$1,066$771$549$387$66
29 years$1,386$1,006$717$504$349$55
30 years$1,325$950$668$462$316$46
31 years$1,269$898$623$424$285$38
32 years$1,216$850$581$390$258$32
33 years$1,166$805$543$359$234$27
34 years$1,119$763$507$330$211$22
35 years$1,075$723$474$304$192$19
36 years$1,034$687$443$280$174$16
37 years$995$652$415$258$157$13
38 years$958$620$389$238$143$11
39 years$923$589$364$219$129$9
40 years$890$561$341$202$117$8
41 years$859$534$320$186$106$6
42 years$829$508$300$172$97$5
43 years$800$484$282$159$88$4
44 years$773$462$264$147$80$4
45 years$748$440$248$135$72$3
46 years$723$420$233$125$66$3
47 years$700$401$219$116$60$2
48 years$677$383$206$107$54$2
49 years$656$365$193$99$49$2
50 years$636$349$182$91$45$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $651,000, adding $5,501 every year, while hoping to spend $34,612 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: 46/25/29 Blend
29$651,000$651,000$651,000$651,000
30$723,076$688,573$678,483$750,081
31$760,003$685,486$664,385$766,693
32$799,537$681,088$648,655$780,945
33$841,906$675,278$631,201$795,750
34$887,362$667,949$611,929$811,180
35$936,182$658,987$590,737$827,314
36$988,669$648,274$567,523$844,243
37$1,045,154$635,680$542,176$862,071
38$1,106,003$621,072$514,583$880,912
39$1,171,618$604,307$484,624$900,897
40$1,242,439$585,234$452,174$922,172
41$1,318,950$563,693$417,105$944,902
42$1,401,683$539,514$379,278$969,272
43$1,491,224$512,519$338,552$995,489
44$1,588,214$482,518$294,780$1,023,784
45$1,693,362$449,311$247,804$1,054,417
46$1,807,443$412,686$197,464$1,087,678
47$1,931,314$372,419$143,591$1,123,892
48$2,065,914$328,274$86,007$1,163,419
49$2,212,278$280,000$24,529$1,206,663
50$2,371,544$227,333$0$1,254,075
51$2,544,963$169,995$0$1,318,867
52$2,733,915$107,689$0$1,397,813
53$2,939,914$40,106$0$1,484,001
54$3,164,630$0$0$1,578,190
55$3,409,900$0$0$1,690,322
56$3,677,746$0$0$1,824,894
57$3,970,393$0$0$1,972,001
58$4,290,292$0$0$2,132,883
59$4,640,140$0$0$2,308,906
60$5,022,908$0$0$2,501,576
61$5,441,868$0$0$2,712,549
62$5,900,619$0$0$2,943,649
63$6,403,129$0$0$3,196,885
64$6,953,766$0$0$3,474,471
65$7,557,339$0$0$3,778,843
66$8,219,147$0$0$4,112,685
67$8,945,025$0$0$4,478,953
68$9,741,399$0$0$4,880,904
69$10,615,349$0$0$5,322,124
70$11,574,672$0$0$5,806,566
71$12,627,958$0$0$6,338,580
72$13,784,667$0$0$6,922,961
73$15,055,224$0$0$7,564,992
74$16,451,110$0$0$8,270,490
75$17,984,974$0$0$9,045,866
76$19,670,752$0$0$9,898,182
77$21,523,795$0$0$10,835,217
78$23,561,018$0$0$11,865,544
79$25,801,054$0$0$12,998,605
80$28,264,433$0$0$14,244,807
81$30,973,774$0$0$15,615,612
82$33,953,999$0$0$17,123,650
83$37,232,565$0$0$18,782,839
84$40,839,725$0$0$20,608,512
85$44,808,813$0$0$22,617,562
86$49,176,557$0$0$24,828,605
87$53,983,423$0$0$27,262,153
88$59,274,002$0$0$29,940,805
89$65,097,424$0$0$32,889,463
90$71,507,826$0$0$36,135,568
91$78,564,858$0$0$39,709,353
92$86,334,250$0$0$43,644,136
93$94,888,426$0$0$47,976,626
94$104,307,193$0$0$52,747,274
95$114,678,489$0$0$58,000,656
96$126,099,214$0$0$63,785,886
97$138,676,144$0$0$70,157,089
98$152,526,937$0$0$77,173,904
99$167,781,244$0$0$84,902,048
100$184,581,933$0$0$93,413,940