Can I retire at age 30 with 652,000?

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 $652,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$53,842$53,362$52,894$52,437$51,991$50,187
2 years$26,654$26,158$25,677$25,210$24,758$22,958
3 years$17,593$17,094$16,615$16,152$15,707$13,969
4 years$13,063$12,566$12,091$11,637$11,203$9,540
5 years$10,346$9,852$9,383$8,938$8,516$6,932
6 years$8,535$8,045$7,583$7,148$6,738$5,235
7 years$7,242$6,756$6,302$5,877$5,480$4,058
8 years$6,273$5,791$5,344$4,930$4,546$3,203
9 years$5,520$5,042$4,603$4,199$3,829$2,563
10 years$4,917$4,445$4,013$3,620$3,262$2,072
11 years$4,425$3,957$3,533$3,150$2,806$1,688
12 years$4,014$3,551$3,135$2,763$2,431$1,384
13 years$3,668$3,209$2,801$2,439$2,120$1,140
14 years$3,371$2,917$2,517$2,165$1,858$943
15 years$3,113$2,665$2,272$1,931$1,636$783
16 years$2,889$2,445$2,060$1,729$1,446$652
17 years$2,690$2,252$1,875$1,554$1,282$544
18 years$2,515$2,081$1,711$1,400$1,140$454
19 years$2,357$1,928$1,567$1,265$1,016$380
20 years$2,216$1,792$1,438$1,146$908$318
21 years$2,088$1,669$1,323$1,040$812$267
22 years$1,972$1,558$1,219$946$728$224
23 years$1,867$1,457$1,126$861$654$188
24 years$1,770$1,365$1,041$785$587$158
25 years$1,681$1,281$964$717$529$133
26 years$1,599$1,204$894$656$476$112
27 years$1,523$1,133$830$600$429$94
28 years$1,453$1,068$772$550$387$79
29 years$1,388$1,007$718$504$350$67
30 years$1,327$951$669$463$316$56
31 years$1,270$899$624$425$286$47
32 years$1,217$851$582$391$258$40
33 years$1,168$806$543$359$234$34
34 years$1,121$764$508$331$212$28
35 years$1,077$725$475$304$192$24
36 years$1,036$688$444$280$174$20
37 years$996$653$416$258$158$17
38 years$959$621$389$238$143$14
39 years$925$590$365$219$130$12
40 years$891$562$342$202$117$10
41 years$860$535$320$187$107$9
42 years$830$509$301$172$97$7
43 years$802$485$282$159$88$6
44 years$775$462$265$147$80$5
45 years$749$441$249$136$72$4
46 years$724$421$234$125$66$4
47 years$701$401$219$116$60$3
48 years$679$383$206$107$54$3
49 years$657$366$194$99$49$2
50 years$637$350$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 $652,000, adding $6,240 every year, while hoping to spend $45,800 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: 23/47/30 Blend
29$652,000$652,000$652,000$652,000
30$724,941$690,385$680,279$734,680
31$750,154$675,483$654,337$728,800
32$776,403$658,315$625,991$718,287
33$803,747$638,724$595,113$706,074
34$832,247$616,539$561,567$692,051
35$861,969$591,582$525,212$676,103
36$892,985$563,664$485,902$658,111
37$925,372$532,586$443,482$637,946
38$959,214$498,137$397,792$615,477
39$994,600$460,092$348,665$590,565
40$1,031,628$418,215$295,924$563,063
41$1,070,404$372,258$239,387$532,818
42$1,111,042$321,955$178,863$499,670
43$1,153,665$267,028$114,153$463,451
44$1,198,410$207,183$45,047$423,987
45$1,245,420$142,108$0$381,092
46$1,294,857$71,475$0$343,762
47$1,346,891$0$0$318,595
48$1,401,712$0$0$293,642
49$1,459,524$0$0$306,353
50$1,520,550$0$0$319,818
51$1,585,033$0$0$334,097
52$1,653,240$0$0$349,253
53$1,725,459$0$0$365,360
54$1,802,008$0$0$382,495
55$1,883,232$0$0$400,743
56$1,969,510$0$0$420,199
57$2,061,255$0$0$440,964
58$2,158,920$0$0$463,152
59$2,263,000$0$0$486,885
60$2,374,038$0$0$512,298
61$2,492,629$0$0$539,539
62$2,619,425$0$0$568,771
63$2,755,138$0$0$600,171
64$2,900,553$0$0$633,937
65$3,056,529$0$0$670,281
66$3,224,008$0$0$709,441
67$3,404,025$0$0$751,675
68$3,597,715$0$0$797,268
69$3,806,326$0$0$846,532
70$4,031,227$0$0$899,812
71$4,273,922$0$0$957,484
72$4,536,065$0$0$1,019,965
73$4,819,472$0$0$1,087,710
74$5,126,140$0$0$1,161,222
75$5,458,262$0$0$1,241,053
76$5,818,253$0$0$1,327,811
77$6,208,765$0$0$1,422,163
78$6,632,716$0$0$1,524,846
79$7,093,316$0$0$1,636,666
80$7,594,096$0$0$1,758,516
81$8,138,938$0$0$1,891,374
82$8,732,117$0$0$2,036,318
83$9,378,335$0$0$2,194,535
84$10,082,767$0$0$2,367,332
85$10,851,108$0$0$2,556,146
86$11,689,627$0$0$2,762,560
87$12,605,223$0$0$2,988,318
88$13,605,492$0$0$3,235,338
89$14,698,797$0$0$3,505,734
90$15,894,344$0$0$3,801,833
91$17,202,269$0$0$4,126,197
92$18,633,733$0$0$4,481,649
93$20,201,027$0$0$4,871,296
94$21,917,685$0$0$5,298,561
95$23,798,610$0$0$5,767,214
96$25,860,217$0$0$6,281,408
97$28,120,584$0$0$6,845,718
98$30,599,621$0$0$7,465,180
99$33,319,259$0$0$8,145,345
100$36,303,651$0$0$8,892,327