Can I retire at age 30 with 653,000?

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 $653,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$53,924$53,444$52,975$52,518$52,071$51,442
2 years$26,695$26,198$25,716$25,249$24,796$24,162
3 years$17,620$17,121$16,640$16,177$15,731$15,114
4 years$13,083$12,585$12,110$11,655$11,220$10,623
5 years$10,362$9,867$9,398$8,952$8,529$7,954
6 years$8,548$8,057$7,595$7,159$6,749$6,197
7 years$7,253$6,766$6,311$5,886$5,489$4,959
8 years$6,283$5,800$5,352$4,937$4,553$4,047
9 years$5,528$5,050$4,610$4,206$3,835$3,351
10 years$4,925$4,451$4,019$3,625$3,267$2,806
11 years$4,431$3,963$3,538$3,155$2,810$2,371
12 years$4,021$3,557$3,140$2,767$2,435$2,018
13 years$3,673$3,214$2,806$2,443$2,123$1,727
14 years$3,376$2,922$2,521$2,169$1,861$1,486
15 years$3,118$2,669$2,276$1,934$1,639$1,283
16 years$2,893$2,449$2,063$1,732$1,448$1,112
17 years$2,695$2,255$1,878$1,556$1,284$966
18 years$2,518$2,084$1,714$1,402$1,142$842
19 years$2,361$1,931$1,569$1,267$1,018$735
20 years$2,219$1,795$1,440$1,148$909$643
21 years$2,091$1,672$1,325$1,042$814$563
22 years$1,975$1,560$1,221$947$729$494
23 years$1,869$1,459$1,127$862$655$434
24 years$1,773$1,367$1,042$787$588$382
25 years$1,684$1,283$966$718$529$336
26 years$1,602$1,206$896$657$477$296
27 years$1,526$1,135$832$601$430$261
28 years$1,455$1,070$773$551$388$230
29 years$1,390$1,009$719$505$350$203
30 years$1,329$953$670$464$317$179
31 years$1,272$901$625$426$286$158
32 years$1,219$852$583$391$259$140
33 years$1,169$807$544$360$234$123
34 years$1,123$765$508$331$212$109
35 years$1,079$726$475$305$192$96
36 years$1,037$689$445$281$174$85
37 years$998$654$416$259$158$75
38 years$961$622$390$238$143$67
39 years$926$591$365$220$130$59
40 years$893$562$342$203$118$52
41 years$861$535$321$187$107$46
42 years$831$510$301$173$97$41
43 years$803$486$283$159$88$36
44 years$776$463$265$147$80$32
45 years$750$442$249$136$72$28
46 years$725$421$234$126$66$25
47 years$702$402$220$116$60$22
48 years$680$384$206$107$54$20
49 years$658$366$194$99$49$17
50 years$638$350$182$92$45$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $653,000, adding $2,250 every year, while hoping to spend $37,094 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: 34/44/22 Blend
29$653,000$653,000$653,000$653,000
30$721,927$687,318$677,196$741,557
31$756,096$681,529$660,415$750,529
32$792,506$674,213$641,828$756,648
33$831,349$665,256$621,336$762,489
34$872,830$654,537$598,834$768,052
35$917,178$641,929$574,214$773,338
36$964,642$627,295$547,363$778,352
37$1,015,496$610,493$518,159$783,103
38$1,070,039$591,370$486,480$787,605
39$1,128,601$569,765$452,196$791,878
40$1,191,543$545,508$415,169$795,948
41$1,259,262$518,419$375,258$799,848
42$1,332,193$488,307$332,315$803,619
43$1,410,813$454,972$286,185$807,313
44$1,495,650$418,199$236,705$810,991
45$1,587,279$377,763$183,708$814,727
46$1,686,335$333,427$127,016$818,610
47$1,793,515$284,939$66,444$822,742
48$1,909,585$232,033$1,802$827,244
49$2,035,389$174,428$0$832,257
50$2,171,851$111,828$0$853,713
51$2,319,992$43,919$0$877,508
52$2,480,931$0$0$903,483
53$2,655,901$0$0$946,285
54$2,846,259$0$0$1,016,070
55$3,053,496$0$0$1,092,131
56$3,279,254$0$0$1,175,082
57$3,525,340$0$0$1,265,597
58$3,793,742$0$0$1,364,421
59$4,086,649$0$0$1,472,371
60$4,406,470$0$0$1,590,349
61$4,755,856$0$0$1,719,346
62$5,137,727$0$0$1,860,455
63$5,555,298$0$0$2,014,877
64$6,012,107$0$0$2,183,936
65$6,512,051$0$0$2,369,092
66$7,059,420$0$0$2,571,949
67$7,658,940$0$0$2,794,275
68$8,315,814$0$0$3,038,018
69$9,035,773$0$0$3,305,323
70$9,825,127$0$0$3,598,552
71$10,690,828$0$0$3,920,307
72$11,640,532$0$0$4,273,454
73$12,682,672$0$0$4,661,150
74$13,826,536$0$0$5,086,874
75$15,082,357$0$0$5,554,455
76$16,461,405$0$0$6,068,113
77$17,976,097$0$0$6,632,499
78$19,640,110$0$0$7,252,734
79$21,468,511$0$0$7,934,459
80$23,477,900$0$0$8,683,892
81$25,686,564$0$0$9,507,881
82$28,114,650$0$0$10,413,971
83$30,784,355$0$0$11,410,475
84$33,720,133$0$0$12,506,553
85$36,948,927$0$0$13,712,294
86$40,500,422$0$0$15,038,819
87$44,407,326$0$0$16,498,378
88$48,705,672$0$0$18,104,467
89$53,435,168$0$0$19,871,960
90$58,639,560$0$0$21,817,244
91$64,367,051$0$0$23,958,375
92$70,670,753$0$0$26,315,248
93$77,609,188$0$0$28,909,785
94$85,246,839$0$0$31,766,142
95$93,654,758$0$0$34,910,936
96$102,911,236$0$0$38,373,495
97$113,102,541$0$0$42,186,137
98$124,323,731$0$0$46,384,472
99$136,679,552$0$0$51,007,741
100$150,285,423$0$0$56,099,183