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%14%
1 years$54,089$53,607$53,137$52,679$52,231$51,365
2 years$26,777$26,278$25,795$25,326$24,872$24,002
3 years$17,674$17,173$16,691$16,227$15,780$14,934
4 years$13,123$12,624$12,147$11,690$11,254$10,438
5 years$10,394$9,897$9,426$8,979$8,555$7,771
6 years$8,575$8,082$7,618$7,181$6,769$6,018
7 years$7,276$6,787$6,331$5,904$5,505$4,787
8 years$6,302$5,818$5,369$4,953$4,567$3,882
9 years$5,545$5,066$4,624$4,218$3,846$3,193
10 years$4,940$4,465$4,031$3,636$3,277$2,656
11 years$4,445$3,975$3,549$3,165$2,819$2,229
12 years$4,033$3,568$3,150$2,776$2,442$1,884
13 years$3,684$3,224$2,814$2,451$2,130$1,601
14 years$3,386$2,931$2,529$2,175$1,867$1,367
15 years$3,128$2,677$2,283$1,940$1,644$1,172
16 years$2,902$2,456$2,070$1,737$1,453$1,008
17 years$2,703$2,262$1,883$1,561$1,288$869
18 years$2,526$2,090$1,719$1,407$1,145$751
19 years$2,368$1,937$1,574$1,271$1,021$650
20 years$2,226$1,800$1,445$1,151$912$564
21 years$2,098$1,677$1,329$1,045$816$490
22 years$1,981$1,565$1,225$950$731$426
23 years$1,875$1,464$1,131$865$657$371
24 years$1,778$1,372$1,046$789$590$324
25 years$1,689$1,287$969$721$531$282
26 years$1,606$1,210$898$659$478$247
27 years$1,530$1,139$834$603$431$215
28 years$1,460$1,073$775$553$389$188
29 years$1,394$1,012$722$507$351$165
30 years$1,333$956$672$465$318$144
31 years$1,276$904$627$427$287$126
32 years$1,223$855$585$392$260$110
33 years$1,173$810$546$361$235$97
34 years$1,126$767$510$332$213$85
35 years$1,082$728$477$306$193$74
36 years$1,040$691$446$282$175$65
37 years$1,001$656$418$259$158$57
38 years$964$624$391$239$143$50
39 years$929$593$366$220$130$44
40 years$895$564$343$203$118$38
41 years$864$537$322$188$107$34
42 years$834$511$302$173$97$29
43 years$805$487$283$160$88$26
44 years$778$464$266$148$80$23
45 years$752$443$250$136$73$20
46 years$728$423$235$126$66$17
47 years$704$403$220$116$60$15
48 years$682$385$207$107$54$13
49 years$660$368$195$99$49$12
50 years$640$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 $655,000, adding $6,248 every year, while hoping to spend $48,657 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: 67/28/5 Blend
29$655,000$655,000$655,000$655,000
30$728,255$693,540$683,387$776,181
31$750,766$675,753$654,510$790,960
32$773,943$655,463$623,035$800,622
33$797,801$632,497$588,823$809,866
34$822,358$606,671$551,730$818,640
35$847,630$577,789$511,604$826,892
36$873,634$545,646$468,288$834,567
37$900,386$510,024$421,617$841,604
38$927,902$470,692$371,418$847,938
39$956,198$427,406$317,511$853,500
40$985,291$379,909$259,708$858,218
41$1,015,195$327,930$197,813$862,012
42$1,045,926$271,179$131,620$864,799
43$1,077,498$209,354$60,917$866,489
44$1,109,923$142,133$0$866,986
45$1,143,216$69,178$0$866,963
46$1,177,387$0$0$869,056
47$1,212,447$0$0$872,948
48$1,248,404$0$0$898,796
49$1,285,266$0$0$925,290
50$1,323,038$0$0$952,432
51$1,361,723$0$0$980,226
52$1,401,321$0$0$1,008,669
53$1,441,831$0$0$1,037,761
54$1,483,246$0$0$1,067,495
55$1,525,557$0$0$1,097,864
56$1,568,752$0$0$1,128,858
57$1,612,811$0$0$1,160,462
58$1,657,711$0$0$1,192,659
59$1,703,424$0$0$1,225,424
60$1,749,914$0$0$1,258,732
61$1,797,136$0$0$1,292,550
62$1,845,041$0$0$1,326,838
63$1,893,566$0$0$1,361,550
64$1,942,642$0$0$1,396,633
65$1,992,185$0$0$1,432,025
66$2,042,100$0$0$1,467,655
67$2,092,278$0$0$1,503,440
68$2,142,593$0$0$1,539,287
69$2,192,904$0$0$1,575,088
70$2,243,046$0$0$1,610,724
71$2,292,837$0$0$1,646,056
72$2,342,068$0$0$1,680,930
73$2,390,504$0$0$1,715,170
74$2,437,881$0$0$1,748,581
75$2,483,903$0$0$1,780,942
76$2,528,236$0$0$1,812,004
77$2,570,506$0$0$1,841,491
78$2,610,296$0$0$1,869,092
79$2,647,139$0$0$1,894,462
80$2,680,514$0$0$1,917,213
81$2,709,839$0$0$1,936,914
82$2,734,466$0$0$1,953,086
83$2,753,674$0$0$1,965,193
84$2,766,661$0$0$1,972,641
85$2,772,534$0$0$1,974,769
86$2,770,302$0$0$1,970,844
87$2,758,864$0$0$1,960,049
88$2,736,998$0$0$1,941,481
89$2,703,348$0$0$1,914,137
90$2,656,412$0$0$1,876,904
91$2,594,524$0$0$1,828,550
92$2,515,840$0$0$1,767,710
93$2,418,314$0$0$1,692,874
94$2,299,686$0$0$1,602,367
95$2,157,451$0$0$1,494,338
96$1,988,838$0$0$1,366,739
97$1,790,784$0$0$1,217,304
98$1,559,899$0$0$1,043,528
99$1,292,438$0$0$842,642
100$984,258$0$0$611,585