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%15.6%
1 years$54,007$53,526$53,056$52,598$52,151$50,952
2 years$26,736$26,238$25,755$25,288$24,834$23,633
3 years$17,647$17,147$16,666$16,202$15,756$14,590
4 years$13,103$12,605$12,128$11,673$11,237$10,115
5 years$10,378$9,882$9,412$8,966$8,542$7,468
6 years$8,561$8,070$7,606$7,170$6,759$5,733
7 years$7,265$6,777$6,321$5,895$5,497$4,520
8 years$6,292$5,809$5,361$4,945$4,560$3,631
9 years$5,537$5,058$4,617$4,212$3,840$2,959
10 years$4,932$4,458$4,025$3,631$3,272$2,437
11 years$4,438$3,969$3,544$3,160$2,814$2,024
12 years$4,027$3,562$3,145$2,772$2,439$1,693
13 years$3,679$3,219$2,810$2,447$2,127$1,424
14 years$3,381$2,926$2,525$2,172$1,864$1,202
15 years$3,123$2,673$2,279$1,937$1,641$1,019
16 years$2,897$2,453$2,067$1,735$1,451$867
17 years$2,699$2,259$1,881$1,558$1,286$739
18 years$2,522$2,087$1,717$1,404$1,144$631
19 years$2,365$1,934$1,572$1,269$1,019$540
20 years$2,223$1,797$1,442$1,149$911$463
21 years$2,095$1,674$1,327$1,043$815$398
22 years$1,978$1,563$1,223$948$730$342
23 years$1,872$1,462$1,129$864$656$294
24 years$1,775$1,370$1,044$788$589$253
25 years$1,686$1,285$967$719$530$218
26 years$1,604$1,208$897$658$478$188
27 years$1,528$1,137$833$602$431$162
28 years$1,458$1,071$774$552$389$140
29 years$1,392$1,011$720$506$351$121
30 years$1,331$954$671$464$317$104
31 years$1,274$902$626$426$287$90
32 years$1,221$854$584$392$259$78
33 years$1,171$808$545$360$235$67
34 years$1,124$766$509$332$212$58
35 years$1,080$727$476$305$192$50
36 years$1,039$690$445$281$174$43
37 years$999$655$417$259$158$37
38 years$962$623$390$239$143$32
39 years$927$592$366$220$130$28
40 years$894$563$343$203$118$24
41 years$863$536$321$187$107$21
42 years$833$511$302$173$97$18
43 years$804$487$283$160$88$16
44 years$777$464$266$147$80$14
45 years$751$442$249$136$73$12
46 years$727$422$234$126$66$10
47 years$703$403$220$116$60$9
48 years$681$384$207$107$54$8
49 years$659$367$194$99$49$7
50 years$639$351$183$92$45$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $654,000, adding $5,441 every year, while hoping to spend $50,368 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: 72/7/21 Blend
29$654,000$654,000$654,000$654,000
30$726,320$691,658$681,521$774,523
31$746,814$671,958$650,761$787,628
32$767,710$649,605$617,282$795,442
33$788,995$624,415$580,941$802,740
34$810,656$596,195$541,586$809,464
35$832,674$564,739$499,059$815,549
36$855,026$529,831$453,197$820,928
37$877,687$491,240$403,827$825,524
38$900,626$448,726$350,770$829,259
39$923,807$402,031$293,839$832,042
40$947,189$350,884$232,836$833,781
41$970,724$295,000$167,558$834,371
42$994,358$234,075$97,792$833,701
43$1,018,029$167,791$23,314$831,649
44$1,041,664$95,809$0$828,085
45$1,065,184$17,774$0$835,451
46$1,088,497$0$0$847,399
47$1,111,500$0$0$863,726
48$1,134,076$0$0$881,066
49$1,156,095$0$0$897,946
50$1,177,410$0$0$914,249
51$1,197,855$0$0$929,843
52$1,217,247$0$0$944,581
53$1,235,380$0$0$958,299
54$1,252,022$0$0$970,813
55$1,266,916$0$0$981,919
56$1,279,776$0$0$991,389
57$1,290,282$0$0$998,968
58$1,298,079$0$0$1,004,373
59$1,302,771$0$0$1,007,291
60$1,303,919$0$0$1,007,370
61$1,301,034$0$0$1,004,224
62$1,293,575$0$0$997,421
63$1,280,939$0$0$986,484
64$1,262,460$0$0$970,881
65$1,237,399$0$0$950,027
66$1,204,936$0$0$923,268
67$1,164,164$0$0$889,885
68$1,114,076$0$0$849,079
69$1,053,562$0$0$799,966
70$981,389$0$0$741,568
71$896,196$0$0$672,804
72$796,477$0$0$592,477
73$680,566$0$0$499,265
74$546,621$0$0$391,705
75$392,609$0$0$268,182
76$216,279$0$0$126,910
77$15,148$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