Can I retire at age 30 with 653,000?

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 $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%13.4%
1 years$53,924$53,444$52,975$52,518$52,071$51,335
2 years$26,695$26,198$25,716$25,249$24,796$24,056
3 years$17,620$17,121$16,640$16,177$15,731$15,011
4 years$13,083$12,585$12,110$11,655$11,220$10,523
5 years$10,362$9,867$9,398$8,952$8,529$7,859
6 years$8,548$8,057$7,595$7,159$6,749$6,106
7 years$7,253$6,766$6,311$5,886$5,489$4,873
8 years$6,283$5,800$5,352$4,937$4,553$3,966
9 years$5,528$5,050$4,610$4,206$3,835$3,274
10 years$4,925$4,451$4,019$3,625$3,267$2,733
11 years$4,431$3,963$3,538$3,155$2,810$2,302
12 years$4,021$3,557$3,140$2,767$2,435$1,953
13 years$3,673$3,214$2,806$2,443$2,123$1,666
14 years$3,376$2,922$2,521$2,169$1,861$1,429
15 years$3,118$2,669$2,276$1,934$1,639$1,230
16 years$2,893$2,449$2,063$1,732$1,448$1,062
17 years$2,695$2,255$1,878$1,556$1,284$920
18 years$2,518$2,084$1,714$1,402$1,142$798
19 years$2,361$1,931$1,569$1,267$1,018$694
20 years$2,219$1,795$1,440$1,148$909$605
21 years$2,091$1,672$1,325$1,042$814$528
22 years$1,975$1,560$1,221$947$729$462
23 years$1,869$1,459$1,127$862$655$404
24 years$1,773$1,367$1,042$787$588$354
25 years$1,684$1,283$966$718$529$310
26 years$1,602$1,206$896$657$477$272
27 years$1,526$1,135$832$601$430$239
28 years$1,455$1,070$773$551$388$210
29 years$1,390$1,009$719$505$350$184
30 years$1,329$953$670$464$317$162
31 years$1,272$901$625$426$286$142
32 years$1,219$852$583$391$259$125
33 years$1,169$807$544$360$234$110
34 years$1,123$765$508$331$212$97
35 years$1,079$726$475$305$192$85
36 years$1,037$689$445$281$174$75
37 years$998$654$416$259$158$66
38 years$961$622$390$238$143$58
39 years$926$591$365$220$130$51
40 years$893$562$342$203$118$45
41 years$861$535$321$187$107$40
42 years$831$510$301$173$97$35
43 years$803$486$283$159$88$31
44 years$776$463$265$147$80$27
45 years$750$442$249$136$72$24
46 years$725$421$234$126$66$21
47 years$702$402$220$116$60$19
48 years$680$384$206$107$54$16
49 years$658$366$194$99$49$15
50 years$638$350$182$92$45$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $653,000, adding $5,256 every year, while hoping to spend $53,544 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: 58/13/29 Blend
29$653,000$653,000$653,000$653,000
30$725,028$690,419$680,297$761,048
31$742,010$667,279$646,117$763,197
32$758,930$641,210$608,997$759,467
33$775,725$612,014$568,782$754,306
34$792,323$579,477$525,311$747,593
35$808,645$543,376$478,413$739,195
36$824,600$503,475$427,914$728,968
37$840,087$459,523$373,627$716,760
38$854,993$411,256$315,359$702,404
39$869,188$358,394$252,910$685,720
40$882,532$300,642$186,069$666,513
41$894,865$237,687$114,617$644,573
42$906,008$169,201$38,324$619,674
43$915,764$94,835$0$591,569
44$923,911$14,221$0$573,328
45$930,203$0$0$564,848
46$934,367$0$0$564,476
47$936,098$0$0$564,551
48$935,058$0$0$562,823
49$930,872$0$0$559,050
50$923,122$0$0$552,965
51$911,347$0$0$544,271
52$895,033$0$0$532,640
53$873,614$0$0$517,708
54$846,460$0$0$499,071
55$812,874$0$0$476,282
56$772,084$0$0$448,848
57$723,237$0$0$416,221
58$665,388$0$0$377,796
59$597,492$0$0$332,904
60$518,395$0$0$280,805
61$426,818$0$0$220,681
62$321,351$0$0$151,628
63$200,432$0$0$72,648
64$62,338$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