Can I retire at age 30 with 656,000?

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 $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%18.8%
1 years$54,172$53,689$53,219$52,759$52,310$50,454
2 years$26,818$26,318$25,834$25,365$24,910$23,060
3 years$17,701$17,199$16,716$16,252$15,804$14,018
4 years$13,143$12,643$12,165$11,708$11,271$9,563
5 years$10,410$9,913$9,441$8,993$8,568$6,942
6 years$8,588$8,094$7,630$7,192$6,780$5,237
7 years$7,287$6,798$6,340$5,913$5,514$4,054
8 years$6,312$5,827$5,377$4,960$4,574$3,196
9 years$5,553$5,073$4,631$4,225$3,852$2,554
10 years$4,947$4,472$4,038$3,642$3,282$2,062
11 years$4,452$3,981$3,555$3,170$2,823$1,678
12 years$4,039$3,573$3,155$2,780$2,446$1,374
13 years$3,690$3,229$2,818$2,454$2,133$1,131
14 years$3,391$2,935$2,532$2,179$1,870$934
15 years$3,133$2,681$2,286$1,943$1,646$774
16 years$2,906$2,460$2,073$1,740$1,455$643
17 years$2,707$2,266$1,886$1,563$1,290$536
18 years$2,530$2,094$1,722$1,409$1,147$447
19 years$2,372$1,940$1,576$1,273$1,023$374
20 years$2,230$1,803$1,447$1,153$913$312
21 years$2,101$1,679$1,331$1,046$817$262
22 years$1,984$1,568$1,226$951$733$219
23 years$1,878$1,466$1,132$866$658$184
24 years$1,781$1,374$1,047$790$591$154
25 years$1,691$1,289$970$722$532$130
26 years$1,609$1,212$900$660$479$109
27 years$1,533$1,140$835$604$432$91
28 years$1,462$1,074$777$553$390$77
29 years$1,396$1,014$723$507$352$65
30 years$1,335$957$673$466$318$54
31 years$1,278$905$628$428$288$46
32 years$1,225$856$586$393$260$38
33 years$1,175$811$547$361$235$32
34 years$1,128$769$511$333$213$27
35 years$1,084$729$478$306$193$23
36 years$1,042$692$447$282$175$19
37 years$1,003$657$418$260$158$16
38 years$965$625$392$239$144$14
39 years$930$594$367$221$130$11
40 years$897$565$344$204$118$10
41 years$865$538$322$188$107$8
42 years$835$512$302$173$97$7
43 years$807$488$284$160$88$6
44 years$779$465$266$148$80$5
45 years$754$444$250$137$73$4
46 years$729$423$235$126$66$3
47 years$705$404$221$116$60$3
48 years$683$386$207$108$54$2
49 years$661$368$195$99$49$2
50 years$640$352$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 $656,000, adding $5,657 every year, while hoping to spend $20,379 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: 53/37/10 Blend
29$656,000$656,000$656,000$656,000
30$728,747$693,979$683,811$765,217
31$781,396$706,301$685,036$802,955
32$838,733$718,544$685,618$841,307
33$901,213$730,682$685,516$882,553
34$969,339$742,688$684,683$926,971
35$1,043,665$754,532$683,073$974,869
36$1,124,798$766,184$680,636$1,026,585
37$1,213,410$777,610$677,319$1,082,492
38$1,310,237$788,772$673,069$1,143,000
39$1,416,092$799,633$667,828$1,208,563
40$1,531,869$810,150$661,536$1,279,682
41$1,658,552$820,280$654,130$1,356,907
42$1,797,226$829,975$645,544$1,440,847
43$1,949,083$839,184$635,710$1,532,171
44$2,115,439$847,854$624,556$1,631,620
45$2,297,741$855,926$612,006$1,740,009
46$2,497,584$863,339$597,981$1,858,236
47$2,716,723$870,028$582,399$1,987,294
48$2,957,092$875,923$565,173$2,128,277
49$3,220,822$880,949$546,212$2,282,389
50$3,510,258$885,028$525,423$2,450,962
51$3,827,986$888,076$502,706$2,635,463
52$4,176,851$890,003$477,958$2,837,507
53$4,559,992$890,715$451,071$3,058,880
54$4,980,861$890,110$421,932$3,301,549
55$5,443,264$888,081$390,422$3,567,682
56$5,951,396$884,515$356,420$3,859,672
57$6,509,873$879,292$319,795$4,180,156
58$7,123,786$872,283$280,414$4,532,042
59$7,798,739$863,352$238,135$4,918,539
60$8,540,911$852,356$192,812$5,343,183
61$9,357,104$839,142$144,292$5,809,872
62$10,254,818$823,549$92,415$6,322,908
63$11,242,312$805,406$37,014$6,887,031
64$12,328,688$784,530$0$7,507,469
65$13,523,973$760,732$0$8,192,344
66$14,839,217$733,806$0$8,950,020
67$16,286,593$703,539$0$9,783,570
68$17,879,516$669,702$0$10,700,742
69$19,632,765$632,056$0$11,710,073
70$21,562,626$590,346$0$12,820,977
71$23,687,043$544,302$0$14,043,830
72$26,025,790$493,641$0$15,390,069
73$28,600,652$438,061$0$16,872,303
74$31,435,638$377,246$0$18,504,431
75$34,557,200$310,858$0$20,301,771
76$37,994,489$238,544$0$22,281,213
77$41,779,623$159,929$0$24,461,368
78$45,947,996$74,617$0$26,862,757
79$50,538,609$0$0$29,507,996
80$55,594,438$0$0$32,429,264
81$61,162,840$0$0$35,680,246
82$67,295,998$0$0$39,261,039
83$74,051,417$0$0$43,205,227
84$81,492,462$0$0$47,549,819
85$89,688,959$0$0$52,335,595
86$98,717,854$0$0$57,607,495
87$108,663,935$0$0$63,415,039
88$119,620,638$0$0$69,812,797
89$131,690,923$0$0$76,860,904
90$144,988,250$0$0$84,625,624
91$159,637,648$0$0$93,179,981
92$175,776,892$0$0$102,604,442
93$193,557,811$0$0$112,987,681
94$213,147,710$0$0$124,427,414
95$234,730,960$0$0$137,031,323
96$258,510,731$0$0$150,918,067
97$284,710,910$0$0$166,218,411
98$313,578,218$0$0$183,076,451
99$345,384,535$0$0$201,650,979
100$380,429,469$0$0$222,116,983