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%18.2%
1 years$53,759$53,280$52,813$52,357$51,912$50,190
2 years$26,613$26,118$25,637$25,172$24,720$23,002
3 years$17,566$17,068$16,589$16,128$15,683$14,023
4 years$13,043$12,547$12,073$11,619$11,185$9,596
5 years$10,330$9,837$9,369$8,925$8,503$6,988
6 years$8,522$8,033$7,571$7,137$6,728$5,289
7 years$7,231$6,746$6,292$5,868$5,472$4,108
8 years$6,263$5,782$5,336$4,922$4,539$3,251
9 years$5,511$5,035$4,596$4,193$3,823$2,607
10 years$4,910$4,438$4,007$3,614$3,257$2,113
11 years$4,418$3,951$3,528$3,145$2,801$1,726
12 years$4,008$3,546$3,131$2,759$2,428$1,419
13 years$3,662$3,204$2,797$2,436$2,117$1,172
14 years$3,365$2,913$2,513$2,162$1,856$973
15 years$3,109$2,661$2,269$1,928$1,634$810
16 years$2,884$2,441$2,057$1,727$1,444$676
17 years$2,686$2,248$1,872$1,551$1,280$565
18 years$2,511$2,078$1,709$1,398$1,138$474
19 years$2,354$1,925$1,564$1,263$1,015$398
20 years$2,213$1,789$1,436$1,144$906$334
21 years$2,085$1,667$1,321$1,038$811$281
22 years$1,969$1,556$1,217$944$727$237
23 years$1,864$1,455$1,124$860$653$199
24 years$1,767$1,363$1,039$784$587$168
25 years$1,678$1,279$963$716$528$142
26 years$1,597$1,202$893$655$475$120
27 years$1,521$1,132$829$599$429$101
28 years$1,451$1,066$771$549$387$85
29 years$1,386$1,006$717$504$349$72
30 years$1,325$950$668$462$316$61
31 years$1,269$898$623$424$285$52
32 years$1,216$850$581$390$258$44
33 years$1,166$805$543$359$234$37
34 years$1,119$763$507$330$211$31
35 years$1,075$723$474$304$192$26
36 years$1,034$687$443$280$174$22
37 years$995$652$415$258$157$19
38 years$958$620$389$238$143$16
39 years$923$589$364$219$129$13
40 years$890$561$341$202$117$11
41 years$859$534$320$186$106$10
42 years$829$508$300$172$97$8
43 years$800$484$282$159$88$7
44 years$773$462$264$147$80$6
45 years$748$440$248$135$72$5
46 years$723$420$233$125$66$4
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 $5,755 every year, while hoping to spend $37,963 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: 55/38/7 Blend
29$651,000$651,000$651,000$651,000
30$723,338$688,835$678,745$761,645
31$756,726$682,196$661,090$781,528
32$792,248$673,959$641,572$798,460
33$830,080$664,006$620,088$815,970
34$870,417$652,211$596,530$834,117
35$913,472$638,442$570,786$852,969
36$959,479$622,558$542,740$872,604
37$1,008,692$604,410$512,268$893,108
38$1,061,393$583,840$479,243$914,579
39$1,117,888$560,681$443,531$937,127
40$1,178,515$534,757$404,991$960,877
41$1,243,644$505,880$363,479$985,967
42$1,313,680$473,853$318,841$1,012,554
43$1,389,072$438,468$270,917$1,040,814
44$1,470,306$399,502$219,543$1,070,944
45$1,557,923$356,723$164,543$1,103,164
46$1,652,513$309,884$105,736$1,137,720
47$1,754,724$258,724$42,934$1,174,890
48$1,865,271$202,967$0$1,214,981
49$1,984,939$142,322$0$1,260,137
50$2,114,589$76,481$0$1,312,483
51$2,255,169$5,121$0$1,369,254
52$2,407,723$0$0$1,430,946
53$2,573,397$0$0$1,528,258
54$2,753,452$0$0$1,636,398
55$2,949,276$0$0$1,754,064
56$3,162,396$0$0$1,882,181
57$3,394,492$0$0$2,021,766
58$3,647,412$0$0$2,173,938
59$3,923,189$0$0$2,339,929
60$4,224,065$0$0$2,521,095
61$4,552,501$0$0$2,718,929
62$4,911,212$0$0$2,935,073
63$5,303,184$0$0$3,171,336
64$5,731,704$0$0$3,429,710
65$6,200,393$0$0$3,712,387
66$6,713,235$0$0$4,021,783
67$7,274,621$0$0$4,360,554
68$7,889,381$0$0$4,731,630
69$8,562,839$0$0$5,138,234
70$9,300,854$0$0$5,583,916
71$10,109,883$0$0$6,072,588
72$10,997,033$0$0$6,608,557
73$11,970,134$0$0$7,196,566
74$13,037,811$0$0$7,841,842
75$14,209,563$0$0$8,550,139
76$15,495,853$0$0$9,327,798
77$16,908,208$0$0$10,181,802
78$18,459,324$0$0$11,119,846
79$20,163,188$0$0$12,150,405
80$22,035,208$0$0$13,282,815
81$24,092,358$0$0$14,527,363
82$26,353,338$0$0$15,895,381
83$28,838,751$0$0$17,399,352
84$31,571,293$0$0$19,053,031
85$34,575,970$0$0$20,871,573
86$37,880,334$0$0$22,871,673
87$41,514,737$0$0$25,071,725
88$45,512,624$0$0$27,491,998
89$49,910,841$0$0$30,154,822
90$54,749,989$0$0$33,084,801
91$60,074,799$0$0$36,309,044
92$65,934,560$0$0$39,857,423
93$72,383,578$0$0$43,762,849
94$79,481,693$0$0$48,061,588
95$87,294,837$0$0$52,793,599
96$95,895,662$0$0$58,002,911
97$105,364,218$0$0$63,738,040
98$115,788,714$0$0$70,052,446
99$127,266,345$0$0$77,005,035
100$139,904,210$0$0$84,660,715