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%14.2%
1 years$54,007$53,526$53,056$52,598$52,151$51,245
2 years$26,736$26,238$25,755$25,288$24,834$23,924
3 years$17,647$17,147$16,666$16,202$15,756$14,870
4 years$13,103$12,605$12,128$11,673$11,237$10,383
5 years$10,378$9,882$9,412$8,966$8,542$7,722
6 years$8,561$8,070$7,606$7,170$6,759$5,973
7 years$7,265$6,777$6,321$5,895$5,497$4,746
8 years$6,292$5,809$5,361$4,945$4,560$3,844
9 years$5,537$5,058$4,617$4,212$3,840$3,159
10 years$4,932$4,458$4,025$3,631$3,272$2,624
11 years$4,438$3,969$3,544$3,160$2,814$2,199
12 years$4,027$3,562$3,145$2,772$2,439$1,856
13 years$3,679$3,219$2,810$2,447$2,127$1,575
14 years$3,381$2,926$2,525$2,172$1,864$1,343
15 years$3,123$2,673$2,279$1,937$1,641$1,150
16 years$2,897$2,453$2,067$1,735$1,451$988
17 years$2,699$2,259$1,881$1,558$1,286$850
18 years$2,522$2,087$1,717$1,404$1,144$734
19 years$2,365$1,934$1,572$1,269$1,019$635
20 years$2,223$1,797$1,442$1,149$911$550
21 years$2,095$1,674$1,327$1,043$815$477
22 years$1,978$1,563$1,223$948$730$414
23 years$1,872$1,462$1,129$864$656$360
24 years$1,775$1,370$1,044$788$589$314
25 years$1,686$1,285$967$719$530$273
26 years$1,604$1,208$897$658$478$238
27 years$1,528$1,137$833$602$431$208
28 years$1,458$1,071$774$552$389$181
29 years$1,392$1,011$720$506$351$158
30 years$1,331$954$671$464$317$138
31 years$1,274$902$626$426$287$121
32 years$1,221$854$584$392$259$105
33 years$1,171$808$545$360$235$92
34 years$1,124$766$509$332$212$81
35 years$1,080$727$476$305$192$70
36 years$1,039$690$445$281$174$62
37 years$999$655$417$259$158$54
38 years$962$623$390$239$143$47
39 years$927$592$366$220$130$41
40 years$894$563$343$203$118$36
41 years$863$536$321$187$107$32
42 years$833$511$302$173$97$28
43 years$804$487$283$160$88$24
44 years$777$464$266$147$80$21
45 years$751$442$249$136$73$19
46 years$727$422$234$126$66$16
47 years$703$403$220$116$60$14
48 years$681$384$207$107$54$12
49 years$659$367$194$99$49$11
50 years$639$351$183$92$45$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $654,000, adding $2,782 every year, while hoping to spend $38,810 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: 63/19/18 Blend
29$654,000$654,000$654,000$654,000
30$723,578$688,916$678,779$765,704
31$756,089$681,379$660,224$786,836
32$790,616$672,172$639,747$805,266
33$827,323$661,173$617,243$824,478
34$866,390$648,250$592,601$844,551
35$908,014$633,267$565,705$865,573
36$952,411$616,077$536,436$887,643
37$999,818$596,526$504,668$910,870
38$1,050,493$574,449$470,268$935,377
39$1,104,722$549,675$433,100$961,302
40$1,162,814$522,021$393,020$988,798
41$1,225,113$491,291$349,878$1,018,036
42$1,291,992$457,282$303,516$1,049,206
43$1,363,863$419,777$253,772$1,082,520
44$1,441,178$378,547$200,475$1,118,214
45$1,524,433$333,350$143,445$1,156,552
46$1,614,171$283,930$82,496$1,197,825
47$1,710,992$230,018$17,435$1,242,360
48$1,815,551$171,327$0$1,290,518
49$1,928,572$107,557$0$1,352,687
50$2,050,848$38,389$0$1,423,551
51$2,183,252$0$0$1,500,295
52$2,326,741$0$0$1,591,148
53$2,482,372$0$0$1,698,434
54$2,651,304$0$0$1,814,929
55$2,834,812$0$0$1,941,520
56$3,034,300$0$0$2,079,179
57$3,251,311$0$0$2,228,978
58$3,487,544$0$0$2,392,094
59$3,744,868$0$0$2,569,825
60$4,025,339$0$0$2,763,597
61$4,331,220$0$0$2,974,981
62$4,665,003$0$0$3,205,705
63$5,029,431$0$0$3,457,672
64$5,427,520$0$0$3,732,977
65$5,862,595$0$0$4,033,925
66$6,338,314$0$0$4,363,056
67$6,858,705$0$0$4,723,165
68$7,428,203$0$0$5,117,330
69$8,051,692$0$0$5,548,941
70$8,734,550$0$0$6,021,729
71$9,482,699$0$0$6,539,807
72$10,302,662$0$0$7,107,699
73$11,201,622$0$0$7,730,393
74$12,187,491$0$0$8,413,379
75$13,268,983$0$0$9,162,707
76$14,455,696$0$0$9,985,037
77$15,758,201$0$0$10,887,709
78$17,188,145$0$0$11,878,805
79$18,758,355$0$0$12,967,231
80$20,482,962$0$0$14,162,795
81$22,377,534$0$0$15,476,303
82$24,459,220$0$0$16,919,659
83$26,746,912$0$0$18,505,977
84$29,261,423$0$0$20,249,707
85$32,025,684$0$0$22,166,765
86$35,064,956$0$0$24,274,687
87$38,407,073$0$0$26,592,796
88$42,082,698$0$0$29,142,377
89$46,125,618$0$0$31,946,885
90$50,573,056$0$0$35,032,160
91$55,466,025$0$0$38,426,674
92$60,849,714$0$0$42,161,797
93$66,773,914$0$0$46,272,094
94$73,293,484$0$0$50,795,651
95$80,468,871$0$0$55,774,429
96$88,366,682$0$0$61,254,669
97$97,060,303$0$0$67,287,317
98$106,630,601$0$0$73,928,512
99$117,166,679$0$0$81,240,112
100$128,766,719$0$0$89,290,279