Can I retire at age 30 with 655,000?

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 $655,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$54,089$53,607$53,137$52,679$52,231$50,397
2 years$26,777$26,278$25,795$25,326$24,872$23,044
3 years$17,674$17,173$16,691$16,227$15,780$14,015
4 years$13,123$12,624$12,147$11,690$11,254$9,566
5 years$10,394$9,897$9,426$8,979$8,555$6,948
6 years$8,575$8,082$7,618$7,181$6,769$5,244
7 years$7,276$6,787$6,331$5,904$5,505$4,062
8 years$6,302$5,818$5,369$4,953$4,567$3,204
9 years$5,545$5,066$4,624$4,218$3,846$2,562
10 years$4,940$4,465$4,031$3,636$3,277$2,070
11 years$4,445$3,975$3,549$3,165$2,819$1,686
12 years$4,033$3,568$3,150$2,776$2,442$1,381
13 years$3,684$3,224$2,814$2,451$2,130$1,137
14 years$3,386$2,931$2,529$2,175$1,867$940
15 years$3,128$2,677$2,283$1,940$1,644$780
16 years$2,902$2,456$2,070$1,737$1,453$649
17 years$2,703$2,262$1,883$1,561$1,288$541
18 years$2,526$2,090$1,719$1,407$1,145$451
19 years$2,368$1,937$1,574$1,271$1,021$377
20 years$2,226$1,800$1,445$1,151$912$316
21 years$2,098$1,677$1,329$1,045$816$265
22 years$1,981$1,565$1,225$950$731$222
23 years$1,875$1,464$1,131$865$657$186
24 years$1,778$1,372$1,046$789$590$157
25 years$1,689$1,287$969$721$531$132
26 years$1,606$1,210$898$659$478$111
27 years$1,530$1,139$834$603$431$93
28 years$1,460$1,073$775$553$389$78
29 years$1,394$1,012$722$507$351$66
30 years$1,333$956$672$465$318$55
31 years$1,276$904$627$427$287$47
32 years$1,223$855$585$392$260$39
33 years$1,173$810$546$361$235$33
34 years$1,126$767$510$332$213$28
35 years$1,082$728$477$306$193$23
36 years$1,040$691$446$282$175$20
37 years$1,001$656$418$259$158$17
38 years$964$624$391$239$143$14
39 years$929$593$366$220$130$12
40 years$895$564$343$203$118$10
41 years$864$537$322$188$107$8
42 years$834$511$302$173$97$7
43 years$805$487$283$160$88$6
44 years$778$464$266$148$80$5
45 years$752$443$250$136$73$4
46 years$728$423$235$126$66$4
47 years$704$403$220$116$60$3
48 years$682$385$207$107$54$3
49 years$660$368$195$99$49$2
50 years$640$351$183$92$45$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $655,000, adding $6,945 every year, while hoping to spend $21,454 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: 62/10/28 Blend
29$655,000$655,000$655,000$655,000
30$728,974$694,259$684,106$768,303
31$780,502$705,451$684,197$807,035
32$836,567$716,472$683,572$846,371
33$897,610$727,291$682,184$888,869
34$964,113$737,876$679,984$934,840
35$1,036,611$748,190$676,922$984,630
36$1,115,689$758,195$672,943$1,038,621
37$1,201,994$767,851$667,991$1,097,233
38$1,296,236$777,114$662,007$1,160,930
39$1,399,197$785,938$654,929$1,230,223
40$1,511,738$794,272$646,693$1,305,679
41$1,634,809$802,065$637,230$1,387,918
42$1,769,452$809,258$626,469$1,477,628
43$1,916,817$815,793$614,337$1,575,567
44$2,078,170$821,604$600,755$1,682,570
45$2,254,904$826,624$585,642$1,799,559
46$2,448,556$830,781$568,912$1,927,550
47$2,660,816$833,996$550,478$2,067,666
48$2,893,545$836,187$530,244$2,221,141
49$3,148,793$837,267$508,115$2,389,342
50$3,428,821$837,144$483,987$2,573,770
51$3,736,115$835,719$457,755$2,776,086
52$4,073,417$832,887$429,308$2,998,118
53$4,443,743$828,536$398,528$3,241,884
54$4,850,421$822,550$365,294$3,509,607
55$5,297,112$814,804$329,480$3,803,742
56$5,787,852$805,164$290,952$4,126,992
57$6,327,087$793,490$249,573$4,482,341
58$6,919,713$779,634$205,196$4,873,076
59$7,571,125$763,438$157,672$5,302,824
60$8,287,268$744,735$106,842$5,775,583
61$9,074,690$723,347$52,542$6,295,762
62$9,940,606$699,089$0$6,868,219
63$10,892,964$671,761$0$7,499,930
64$11,940,524$641,154$0$8,212,042
65$13,092,933$607,047$0$8,995,413
66$14,360,824$569,204$0$9,857,280
67$15,755,911$527,378$0$10,805,620
68$17,291,101$481,306$0$11,849,225
69$18,980,615$430,712$0$12,997,781
70$20,840,123$375,302$0$14,261,964
71$22,886,890$314,766$0$15,653,536
72$25,139,941$248,778$0$17,185,462
73$27,620,239$176,992$0$18,872,028
74$30,350,883$99,044$0$20,728,975
75$33,357,323$14,547$0$22,773,654
76$36,667,606$0$0$25,025,182
77$40,312,634$0$0$27,513,091
78$44,326,461$0$0$30,254,549
79$48,746,609$0$0$33,273,592
80$53,614,426$0$0$36,598,470
81$58,975,473$0$0$40,260,311
82$64,879,958$0$0$44,293,417
83$71,383,202$0$0$48,735,587
84$78,546,171$0$0$53,628,471
85$86,436,042$0$0$59,017,968
86$95,126,841$0$0$64,954,654
87$104,700,144$0$0$71,494,263
88$115,245,839$0$0$78,698,211
89$126,862,984$0$0$86,634,174
90$139,660,732$0$0$95,376,732
91$153,759,370$0$0$105,008,065
92$169,291,445$0$0$115,618,735
93$186,403,023$0$0$127,308,540
94$205,255,064$0$0$140,187,450
95$226,024,939$0$0$154,376,652
96$248,908,108$0$0$170,009,691
97$274,119,962$0$0$187,233,728
98$301,897,857$0$0$206,210,933
99$332,503,353$0$0$227,120,013
100$366,224,685$0$0$250,157,899