Can I retire at age 30 with 654,000?

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 $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%17.3%
1 years$54,007$53,526$53,056$52,598$52,151$50,603
2 years$26,736$26,238$25,755$25,288$24,834$23,287
3 years$17,647$17,147$16,666$16,202$15,756$14,259
4 years$13,103$12,605$12,128$11,673$11,237$9,801
5 years$10,378$9,882$9,412$8,966$8,542$7,172
6 years$8,561$8,070$7,606$7,170$6,759$5,455
7 years$7,265$6,777$6,321$5,895$5,497$4,259
8 years$6,292$5,809$5,361$4,945$4,560$3,388
9 years$5,537$5,058$4,617$4,212$3,840$2,732
10 years$4,932$4,458$4,025$3,631$3,272$2,227
11 years$4,438$3,969$3,544$3,160$2,814$1,830
12 years$4,027$3,562$3,145$2,772$2,439$1,513
13 years$3,679$3,219$2,810$2,447$2,127$1,258
14 years$3,381$2,926$2,525$2,172$1,864$1,050
15 years$3,123$2,673$2,279$1,937$1,641$880
16 years$2,897$2,453$2,067$1,735$1,451$739
17 years$2,699$2,259$1,881$1,558$1,286$622
18 years$2,522$2,087$1,717$1,404$1,144$525
19 years$2,365$1,934$1,572$1,269$1,019$444
20 years$2,223$1,797$1,442$1,149$911$375
21 years$2,095$1,674$1,327$1,043$815$318
22 years$1,978$1,563$1,223$948$730$270
23 years$1,872$1,462$1,129$864$656$229
24 years$1,775$1,370$1,044$788$589$194
25 years$1,686$1,285$967$719$530$165
26 years$1,604$1,208$897$658$478$140
27 years$1,528$1,137$833$602$431$119
28 years$1,458$1,071$774$552$389$102
29 years$1,392$1,011$720$506$351$86
30 years$1,331$954$671$464$317$74
31 years$1,274$902$626$426$287$63
32 years$1,221$854$584$392$259$53
33 years$1,171$808$545$360$235$45
34 years$1,124$766$509$332$212$39
35 years$1,080$727$476$305$192$33
36 years$1,039$690$445$281$174$28
37 years$999$655$417$259$158$24
38 years$962$623$390$239$143$20
39 years$927$592$366$220$130$17
40 years$894$563$343$203$118$15
41 years$863$536$321$187$107$13
42 years$833$511$302$173$97$11
43 years$804$487$283$160$88$9
44 years$777$464$266$147$80$8
45 years$751$442$249$136$73$7
46 years$727$422$234$126$66$6
47 years$703$403$220$116$60$5
48 years$681$384$207$107$54$4
49 years$659$367$194$99$49$4
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 $3,163 every year, while hoping to spend $58,078 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: 61/31/8 Blend
29$654,000$654,000$654,000$654,000
30$723,971$689,309$679,172$766,716
31$736,021$661,290$640,129$767,688
32$747,354$629,952$597,833$761,774
33$757,835$595,071$552,111$753,858
34$767,315$556,410$502,787$743,745
35$775,624$513,717$449,674$731,228
36$782,578$466,730$392,578$716,078
37$787,968$415,166$331,296$698,049
38$791,563$358,732$265,617$676,871
39$793,106$297,114$195,319$652,252
40$792,313$229,981$120,172$623,874
41$788,864$156,986$39,933$591,391
42$782,410$77,760$0$554,426
43$772,560$0$0$516,468
44$758,880$0$0$479,821
45$740,892$0$0$466,775
46$718,065$0$0$450,444
47$689,809$0$0$430,435
48$655,475$0$0$406,306
49$614,340$0$0$377,574
50$565,608$0$0$343,700
51$508,396$0$0$304,091
52$441,729$0$0$258,089
53$364,528$0$0$204,970
54$275,602$0$0$143,930
55$173,633$0$0$74,082
56$57,166$0$0$0
57$0$0$0$0
58$0$0$0$0
59$0$0$0$0
60$0$0$0$0
61$0$0$0$0
62$0$0$0$0
63$0$0$0$0
64$0$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