Can I retire at age 30 with 654,000?

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 $654,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$54,007$53,526$53,056$52,598$52,151$50,583
2 years$26,736$26,238$25,755$25,288$24,834$23,267
3 years$17,647$17,147$16,666$16,202$15,756$14,240
4 years$13,103$12,605$12,128$11,673$11,237$9,783
5 years$10,378$9,882$9,412$8,966$8,542$7,155
6 years$8,561$8,070$7,606$7,170$6,759$5,439
7 years$7,265$6,777$6,321$5,895$5,497$4,244
8 years$6,292$5,809$5,361$4,945$4,560$3,374
9 years$5,537$5,058$4,617$4,212$3,840$2,719
10 years$4,932$4,458$4,025$3,631$3,272$2,215
11 years$4,438$3,969$3,544$3,160$2,814$1,819
12 years$4,027$3,562$3,145$2,772$2,439$1,503
13 years$3,679$3,219$2,810$2,447$2,127$1,249
14 years$3,381$2,926$2,525$2,172$1,864$1,042
15 years$3,123$2,673$2,279$1,937$1,641$872
16 years$2,897$2,453$2,067$1,735$1,451$732
17 years$2,699$2,259$1,881$1,558$1,286$616
18 years$2,522$2,087$1,717$1,404$1,144$519
19 years$2,365$1,934$1,572$1,269$1,019$439
20 years$2,223$1,797$1,442$1,149$911$371
21 years$2,095$1,674$1,327$1,043$815$314
22 years$1,978$1,563$1,223$948$730$266
23 years$1,872$1,462$1,129$864$656$226
24 years$1,775$1,370$1,044$788$589$191
25 years$1,686$1,285$967$719$530$162
26 years$1,604$1,208$897$658$478$138
27 years$1,528$1,137$833$602$431$117
28 years$1,458$1,071$774$552$389$100
29 years$1,392$1,011$720$506$351$85
30 years$1,331$954$671$464$317$72
31 years$1,274$902$626$426$287$61
32 years$1,221$854$584$392$259$52
33 years$1,171$808$545$360$235$44
34 years$1,124$766$509$332$212$38
35 years$1,080$727$476$305$192$32
36 years$1,039$690$445$281$174$27
37 years$999$655$417$259$158$23
38 years$962$623$390$239$143$20
39 years$927$592$366$220$130$17
40 years$894$563$343$203$118$14
41 years$863$536$321$187$107$12
42 years$833$511$302$173$97$10
43 years$804$487$283$160$88$9
44 years$777$464$266$147$80$8
45 years$751$442$249$136$73$6
46 years$727$422$234$126$66$5
47 years$703$403$220$116$60$5
48 years$681$384$207$107$54$4
49 years$659$367$194$99$49$3
50 years$639$351$183$92$45$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $654,000, adding $3,605 every year, while hoping to spend $20,962 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: 22/50/28 Blend
29$654,000$654,000$654,000$654,000
30$724,427$689,765$679,628$733,873
31$776,015$701,260$680,092$754,009
32$832,162$712,615$679,869$773,552
33$893,312$723,803$678,914$794,010
34$959,952$734,791$677,179$815,469
35$1,032,618$745,547$674,615$838,029
36$1,111,900$756,034$671,170$861,799
37$1,198,449$766,214$666,790$886,900
38$1,292,979$776,048$661,416$913,468
39$1,396,279$785,490$654,989$941,654
40$1,509,215$794,494$647,447$971,625
41$1,632,742$803,011$638,723$1,003,568
42$1,767,910$810,988$628,749$1,037,689
43$1,915,877$818,366$617,453$1,074,219
44$2,077,918$825,088$604,758$1,113,414
45$2,255,435$831,087$590,587$1,155,556
46$2,449,975$836,295$574,857$1,200,961
47$2,663,239$840,640$557,481$1,249,978
48$2,897,102$844,044$538,370$1,302,996
49$3,153,628$846,424$517,427$1,360,443
50$3,435,093$847,693$494,555$1,422,798
51$3,744,000$847,758$469,651$1,490,588
52$4,083,110$846,520$442,606$1,564,399
53$4,455,461$843,873$413,307$1,644,882
54$4,864,402$839,707$381,637$1,732,754
55$5,313,621$833,903$347,472$1,828,812
56$5,807,182$826,336$310,684$1,933,940
57$6,349,561$816,872$271,138$2,049,112
58$6,945,688$805,371$228,693$2,175,411
59$7,600,998$791,684$183,203$2,314,033
60$8,321,474$775,651$134,516$2,466,301
61$9,113,713$757,106$82,470$2,633,681
62$9,984,978$735,871$26,899$2,817,792
63$10,943,275$711,758$0$3,020,426
64$11,997,423$684,567$0$3,253,246
65$13,157,138$654,090$0$3,517,966
66$14,433,128$620,102$0$3,809,020
67$15,837,189$582,369$0$4,129,145
68$17,382,319$540,641$0$4,481,360
69$19,082,838$494,655$0$4,868,998
70$20,954,527$444,133$0$5,295,740
71$23,014,773$388,780$0$5,765,644
72$25,282,736$328,286$0$6,283,194
73$27,779,525$262,322$0$6,853,333
74$30,528,402$190,541$0$7,481,520
75$33,554,998$112,577$0$8,173,774
76$36,887,557$28,043$0$8,936,741
77$40,557,201$0$0$9,777,749
78$44,598,222$0$0$10,739,809
79$49,048,410$0$0$11,816,426
80$53,949,403$0$0$13,002,264
81$59,347,086$0$0$14,308,446
82$65,292,021$0$0$15,747,226
83$71,839,922$0$0$17,332,111
84$79,052,185$0$0$19,077,982
85$86,996,463$0$0$21,001,239
86$95,747,308$0$0$23,119,953
87$105,386,871$0$0$25,454,039
88$116,005,680$0$0$28,025,440
89$127,703,491$0$0$30,858,340
90$140,590,234$0$0$33,979,385
91$154,787,046$0$0$37,417,943
92$170,427,415$0$0$41,206,373
93$187,658,444$0$0$45,380,334
94$206,642,231$0$0$49,979,122
95$227,557,407$0$0$55,046,042
96$250,600,818$0$0$60,628,813
97$275,989,383$0$0$66,780,021
98$303,962,140$0$0$73,557,614
99$334,782,506$0$0$81,025,453
100$368,740,761$0$0$89,253,907