Can I retire at age 30 with 656,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $656,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$54,172$53,689$53,219$52,759$52,310$50,860
2 years$26,818$26,318$25,834$25,365$24,910$23,459
3 years$17,701$17,199$16,716$16,252$15,804$14,399
4 years$13,143$12,643$12,165$11,708$11,271$9,923
5 years$10,410$9,913$9,441$8,993$8,568$7,280
6 years$8,588$8,094$7,630$7,192$6,780$5,552
7 years$7,287$6,798$6,340$5,913$5,514$4,347
8 years$6,312$5,827$5,377$4,960$4,574$3,468
9 years$5,553$5,073$4,631$4,225$3,852$2,806
10 years$4,947$4,472$4,038$3,642$3,282$2,294
11 years$4,452$3,981$3,555$3,170$2,823$1,891
12 years$4,039$3,573$3,155$2,780$2,446$1,569
13 years$3,690$3,229$2,818$2,454$2,133$1,309
14 years$3,391$2,935$2,532$2,179$1,870$1,096
15 years$3,133$2,681$2,286$1,943$1,646$922
16 years$2,906$2,460$2,073$1,740$1,455$777
17 years$2,707$2,266$1,886$1,563$1,290$657
18 years$2,530$2,094$1,722$1,409$1,147$556
19 years$2,372$1,940$1,576$1,273$1,023$472
20 years$2,230$1,803$1,447$1,153$913$401
21 years$2,101$1,679$1,331$1,046$817$341
22 years$1,984$1,568$1,226$951$733$290
23 years$1,878$1,466$1,132$866$658$247
24 years$1,781$1,374$1,047$790$591$211
25 years$1,691$1,289$970$722$532$180
26 years$1,609$1,212$900$660$479$153
27 years$1,533$1,140$835$604$432$131
28 years$1,462$1,074$777$553$390$112
29 years$1,396$1,014$723$507$352$96
30 years$1,335$957$673$466$318$82
31 years$1,278$905$628$428$288$70
32 years$1,225$856$586$393$260$60
33 years$1,175$811$547$361$235$51
34 years$1,128$769$511$333$213$44
35 years$1,084$729$478$306$193$37
36 years$1,042$692$447$282$175$32
37 years$1,003$657$418$260$158$27
38 years$965$625$392$239$144$23
39 years$930$594$367$221$130$20
40 years$897$565$344$204$118$17
41 years$865$538$322$188$107$15
42 years$835$512$302$173$97$13
43 years$807$488$284$160$88$11
44 years$779$465$266$148$80$9
45 years$754$444$250$137$73$8
46 years$729$423$235$126$66$7
47 years$705$404$221$116$60$6
48 years$683$386$207$108$54$5
49 years$661$368$195$99$49$4
50 years$640$352$183$92$45$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $656,000, adding $3,387 every year, while hoping to spend $42,679 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: 67/21/12 Blend
29$656,000$656,000$656,000$656,000
30$726,406$691,638$681,470$772,922
31$755,089$680,118$658,889$792,804
32$785,267$666,603$634,121$809,155
33$817,049$650,951$607,048$825,937
34$850,550$633,009$577,546$843,187
35$885,898$612,619$545,486$860,948
36$923,232$589,610$510,733$879,268
37$962,704$563,803$473,145$898,204
38$1,004,480$535,009$432,574$917,816
39$1,048,739$503,027$388,868$938,175
40$1,095,679$467,644$341,864$959,361
41$1,145,516$428,636$291,394$981,462
42$1,198,487$385,767$237,284$1,004,578
43$1,254,848$338,785$179,348$1,028,823
44$1,314,882$287,426$117,396$1,054,324
45$1,378,900$231,409$51,228$1,081,221
46$1,447,239$170,439$0$1,109,675
47$1,520,270$104,204$0$1,142,346
48$1,598,402$32,374$0$1,184,113
49$1,682,079$0$0$1,228,662
50$1,771,792$0$0$1,286,766
51$1,868,077$0$0$1,357,182
52$1,971,523$0$0$1,432,865
53$2,082,777$0$0$1,514,290
54$2,202,549$0$0$1,601,982
55$2,331,619$0$0$1,696,515
56$2,470,843$0$0$1,798,522
57$2,621,161$0$0$1,908,695
58$2,783,609$0$0$2,027,798
59$2,959,321$0$0$2,156,669
60$3,149,547$0$0$2,296,229
61$3,355,659$0$0$2,447,490
62$3,579,169$0$0$2,611,567
63$3,821,735$0$0$2,789,684
64$4,085,184$0$0$2,983,189
65$4,371,524$0$0$3,193,564
66$4,682,965$0$0$3,422,439
67$5,021,937$0$0$3,671,608
68$5,391,116$0$0$3,943,044
69$5,793,445$0$0$4,238,920
70$6,232,163$0$0$4,561,627
71$6,710,836$0$0$4,913,796
72$7,233,387$0$0$5,298,322
73$7,804,137$0$0$5,718,395
74$8,427,841$0$0$6,177,524
75$9,109,736$0$0$6,679,573
76$9,855,584$0$0$7,228,798
77$10,671,734$0$0$7,829,883
78$11,565,173$0$0$8,487,986
79$12,543,599$0$0$9,208,789
80$13,615,485$0$0$9,998,547
81$14,790,166$0$0$10,864,150
82$16,077,920$0$0$11,813,185
83$17,490,068$0$0$12,854,011
84$19,039,080$0$0$13,995,831
85$20,738,689$0$0$15,248,783
86$22,604,023$0$0$16,624,037
87$24,651,747$0$0$18,133,892
88$26,900,214$0$0$19,791,900
89$29,369,646$0$0$21,612,988
90$32,082,317$0$0$23,613,599
91$35,062,764$0$0$25,811,850
92$38,338,021$0$0$28,227,697
93$41,937,868$0$0$30,883,126
94$45,895,115$0$0$33,802,359
95$50,245,907$0$0$37,012,082
96$55,030,069$0$0$40,541,696
97$60,291,477$0$0$44,423,594
98$66,078,472$0$0$48,693,465
99$72,444,313$0$0$53,390,631
100$79,447,684$0$0$58,558,416