Can I retire at age 30 with 651,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%17.9%
1 years$53,759$53,280$52,813$52,357$51,912$50,250
2 years$26,613$26,118$25,637$25,172$24,720$23,061
3 years$17,566$17,068$16,589$16,128$15,683$14,079
4 years$13,043$12,547$12,073$11,619$11,185$9,649
5 years$10,330$9,837$9,369$8,925$8,503$7,038
6 years$8,522$8,033$7,571$7,137$6,728$5,335
7 years$7,231$6,746$6,292$5,868$5,472$4,151
8 years$6,263$5,782$5,336$4,922$4,539$3,291
9 years$5,511$5,035$4,596$4,193$3,823$2,644
10 years$4,910$4,438$4,007$3,614$3,257$2,147
11 years$4,418$3,951$3,528$3,145$2,801$1,757
12 years$4,008$3,546$3,131$2,759$2,428$1,448
13 years$3,662$3,204$2,797$2,436$2,117$1,198
14 years$3,365$2,913$2,513$2,162$1,856$996
15 years$3,109$2,661$2,269$1,928$1,634$831
16 years$2,884$2,441$2,057$1,727$1,444$695
17 years$2,686$2,248$1,872$1,551$1,280$583
18 years$2,511$2,078$1,709$1,398$1,138$490
19 years$2,354$1,925$1,564$1,263$1,015$412
20 years$2,213$1,789$1,436$1,144$906$347
21 years$2,085$1,667$1,321$1,038$811$292
22 years$1,969$1,556$1,217$944$727$247
23 years$1,864$1,455$1,124$860$653$209
24 years$1,767$1,363$1,039$784$587$176
25 years$1,678$1,279$963$716$528$149
26 years$1,597$1,202$893$655$475$126
27 years$1,521$1,132$829$599$429$107
28 years$1,451$1,066$771$549$387$90
29 years$1,386$1,006$717$504$349$77
30 years$1,325$950$668$462$316$65
31 years$1,269$898$623$424$285$55
32 years$1,216$850$581$390$258$47
33 years$1,166$805$543$359$234$39
34 years$1,119$763$507$330$211$33
35 years$1,075$723$474$304$192$28
36 years$1,034$687$443$280$174$24
37 years$995$652$415$258$157$20
38 years$958$620$389$238$143$17
39 years$923$589$364$219$129$15
40 years$890$561$341$202$117$12
41 years$859$534$320$186$106$11
42 years$829$508$300$172$97$9
43 years$800$484$282$159$88$8
44 years$773$462$264$147$80$6
45 years$748$440$248$135$72$5
46 years$723$420$233$125$66$5
47 years$700$401$219$116$60$4
48 years$677$383$206$107$54$3
49 years$656$365$193$99$49$3
50 years$636$349$182$91$45$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $651,000, adding $3,573 every year, while hoping to spend $53,457 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: 67/6/27 Blend
29$651,000$651,000$651,000$651,000
30$721,088$686,585$676,494$764,098
31$737,761$663,349$642,279$770,263
32$754,343$637,184$605,126$770,636
33$770,768$607,888$564,880$769,837
34$786,963$575,251$521,379$767,755
35$802,843$539,048$474,455$764,265
36$818,314$499,043$423,931$759,235
37$833,271$454,985$369,622$752,519
38$847,596$406,611$311,336$743,959
39$861,156$353,640$248,870$733,385
40$873,803$295,777$182,017$720,610
41$885,371$232,711$110,555$705,432
42$895,677$164,111$34,255$687,628
43$904,513$89,630$0$666,959
44$911,651$8,899$0$656,753
45$916,836$0$0$654,549
46$919,783$0$0$655,415
47$920,179$0$0$654,960
48$917,672$0$0$652,339
49$911,874$0$0$647,264
50$902,353$0$0$639,415
51$888,632$0$0$628,439
52$870,179$0$0$613,943
53$846,408$0$0$595,493
54$816,668$0$0$572,606
55$780,237$0$0$544,752
56$736,320$0$0$511,339
57$684,032$0$0$471,715
58$622,398$0$0$425,158
59$550,338$0$0$370,870
60$466,659$0$0$307,969
61$370,040$0$0$235,479
62$259,023$0$0$152,322
63$131,996$0$0$57,307
64$0$0$0$0
65$0$0$0$0
66$0$0$0$0
67$0$0$0$0
68$0$0$0$0
69$0$0$0$0
70$0$0$0$0
71$0$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0