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%17.2%
1 years$54,089$53,607$53,137$52,679$52,231$50,701
2 years$26,777$26,278$25,795$25,326$24,872$23,343
3 years$17,674$17,173$16,691$16,227$15,780$14,300
4 years$13,123$12,624$12,147$11,690$11,254$9,834
5 years$10,394$9,897$9,426$8,979$8,555$7,200
6 years$8,575$8,082$7,618$7,181$6,769$5,479
7 years$7,276$6,787$6,331$5,904$5,505$4,280
8 years$6,302$5,818$5,369$4,953$4,567$3,407
9 years$5,545$5,066$4,624$4,218$3,846$2,749
10 years$4,940$4,465$4,031$3,636$3,277$2,242
11 years$4,445$3,975$3,549$3,165$2,819$1,843
12 years$4,033$3,568$3,150$2,776$2,442$1,526
13 years$3,684$3,224$2,814$2,451$2,130$1,269
14 years$3,386$2,931$2,529$2,175$1,867$1,060
15 years$3,128$2,677$2,283$1,940$1,644$889
16 years$2,902$2,456$2,070$1,737$1,453$747
17 years$2,703$2,262$1,883$1,561$1,288$630
18 years$2,526$2,090$1,719$1,407$1,145$532
19 years$2,368$1,937$1,574$1,271$1,021$450
20 years$2,226$1,800$1,445$1,151$912$381
21 years$2,098$1,677$1,329$1,045$816$323
22 years$1,981$1,565$1,225$950$731$274
23 years$1,875$1,464$1,131$865$657$233
24 years$1,778$1,372$1,046$789$590$198
25 years$1,689$1,287$969$721$531$168
26 years$1,606$1,210$898$659$478$143
27 years$1,530$1,139$834$603$431$122
28 years$1,460$1,073$775$553$389$104
29 years$1,394$1,012$722$507$351$88
30 years$1,333$956$672$465$318$75
31 years$1,276$904$627$427$287$64
32 years$1,223$855$585$392$260$55
33 years$1,173$810$546$361$235$47
34 years$1,126$767$510$332$213$40
35 years$1,082$728$477$306$193$34
36 years$1,040$691$446$282$175$29
37 years$1,001$656$418$259$158$25
38 years$964$624$391$239$143$21
39 years$929$593$366$220$130$18
40 years$895$564$343$203$118$15
41 years$864$537$322$188$107$13
42 years$834$511$302$173$97$11
43 years$805$487$283$160$88$9
44 years$778$464$266$148$80$8
45 years$752$443$250$136$73$7
46 years$728$423$235$126$66$6
47 years$704$403$220$116$60$5
48 years$682$385$207$107$54$4
49 years$660$368$195$99$49$4
50 years$640$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 $655,000, adding $3,171 every year, while hoping to spend $26,651 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: 69/13/18 Blend
29$655,000$655,000$655,000$655,000
30$725,081$690,366$680,213$771,752
31$770,683$695,837$674,644$808,754
32$820,043$700,684$667,995$845,785
33$873,516$704,846$660,202$885,639
34$931,493$708,262$651,197$928,593
35$994,404$710,865$640,910$974,951
36$1,062,720$712,585$629,268$1,025,050
37$1,136,961$713,345$616,192$1,079,259
38$1,217,699$713,067$601,603$1,137,988
39$1,305,563$711,666$585,415$1,201,687
40$1,401,244$709,051$567,540$1,270,854
41$1,505,503$705,127$547,885$1,346,037
42$1,619,179$699,793$526,354$1,427,842
43$1,743,194$692,941$502,845$1,516,936
44$1,878,562$684,457$477,252$1,614,057
45$2,026,401$674,221$449,466$1,720,016
46$2,187,940$662,105$419,370$1,835,710
47$2,364,534$647,972$386,843$1,962,129
48$2,557,674$631,680$351,759$2,100,361
49$2,769,001$613,076$313,987$2,251,611
50$3,000,321$592,000$273,388$2,417,205
51$3,253,627$568,280$229,819$2,598,607
52$3,531,108$541,738$183,130$2,797,431
53$3,835,180$512,181$133,163$3,015,457
54$4,168,499$479,409$79,755$3,254,648
55$4,533,995$443,209$22,735$3,517,170
56$4,934,890$403,354$0$3,805,411
57$5,374,738$359,607$0$4,129,325
58$5,857,449$311,715$0$4,489,631
59$6,387,333$259,414$0$4,885,199
60$6,969,136$202,421$0$5,319,599
61$7,608,088$140,439$0$5,796,766
62$8,309,948$73,156$0$6,321,037
63$9,081,062$240$0$6,897,192
64$9,928,420$0$0$7,530,497
65$10,859,722$0$0$8,238,011
66$11,883,453$0$0$9,015,821
67$13,008,960$0$0$9,871,001
68$14,246,541$0$0$10,811,378
69$15,607,540$0$0$11,845,581
70$17,104,460$0$0$12,983,113
71$18,751,070$0$0$14,234,446
72$20,562,547$0$0$15,611,116
73$22,555,609$0$0$17,125,837
74$24,748,677$0$0$18,792,615
75$27,162,048$0$0$20,626,882
76$29,818,087$0$0$22,645,643
77$32,741,435$0$0$24,867,634
78$35,959,245$0$0$27,313,501
79$39,501,435$0$0$30,005,992
80$43,400,969$0$0$32,970,172
81$47,694,174$0$0$36,233,660
82$52,421,074$0$0$39,826,891
83$57,625,773$0$0$43,783,400
84$63,356,871$0$0$48,140,138
85$69,667,919$0$0$52,937,825
86$76,617,927$0$0$58,221,330
87$84,271,917$0$0$64,040,092
88$92,701,542$0$0$70,448,595
89$101,985,755$0$0$77,506,871
90$112,211,562$0$0$85,281,077
91$123,474,833$0$0$93,844,109
92$135,881,215$0$0$103,276,298
93$149,547,125$0$0$113,666,163
94$164,600,847$0$0$125,111,248
95$181,183,746$0$0$137,719,042
96$199,451,600$0$0$151,607,995
97$219,576,068$0$0$166,908,632
98$241,746,316$0$0$183,764,787
99$266,170,793$0$0$202,334,961
100$293,079,207$0$0$222,793,818