Can I retire at age 30 with 657,000?

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 $657,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$54,254$53,771$53,300$52,839$52,390$52,126
2 years$26,859$26,358$25,874$25,404$24,948$24,681
3 years$17,728$17,226$16,742$16,276$15,828$15,567
4 years$13,163$12,663$12,184$11,726$11,289$11,035
5 years$10,425$9,928$9,455$9,007$8,581$8,337
6 years$8,601$8,107$7,641$7,203$6,790$6,554
7 years$7,298$6,808$6,350$5,922$5,522$5,295
8 years$6,321$5,836$5,385$4,968$4,581$4,363
9 years$5,562$5,081$4,638$4,231$3,858$3,649
10 years$4,955$4,479$4,044$3,647$3,287$3,087
11 years$4,459$3,987$3,560$3,174$2,827$2,636
12 years$4,045$3,579$3,159$2,784$2,450$2,267
13 years$3,696$3,234$2,823$2,458$2,136$1,962
14 years$3,396$2,940$2,536$2,182$1,873$1,707
15 years$3,137$2,685$2,290$1,946$1,649$1,491
16 years$2,911$2,464$2,076$1,742$1,457$1,307
17 years$2,711$2,269$1,889$1,566$1,292$1,150
18 years$2,534$2,097$1,725$1,411$1,149$1,014
19 years$2,375$1,943$1,579$1,275$1,024$896
20 years$2,233$1,806$1,449$1,155$915$793
21 years$2,104$1,682$1,333$1,048$819$704
22 years$1,987$1,570$1,228$953$734$625
23 years$1,881$1,468$1,134$868$659$556
24 years$1,783$1,376$1,049$791$592$496
25 years$1,694$1,291$971$723$533$442
26 years$1,611$1,213$901$661$480$394
27 years$1,535$1,142$837$605$433$352
28 years$1,464$1,076$778$554$390$315
29 years$1,399$1,015$724$508$352$282
30 years$1,337$959$674$466$318$252
31 years$1,280$906$629$428$288$226
32 years$1,227$858$586$394$260$202
33 years$1,177$812$548$362$236$181
34 years$1,130$770$512$333$213$162
35 years$1,085$730$478$307$193$146
36 years$1,043$693$447$282$175$131
37 years$1,004$658$419$260$159$117
38 years$967$625$392$240$144$105
39 years$932$595$367$221$131$94
40 years$898$566$344$204$118$85
41 years$867$539$323$188$107$76
42 years$836$513$303$174$97$68
43 years$808$489$284$160$88$61
44 years$781$466$267$148$80$55
45 years$755$444$251$137$73$50
46 years$730$424$235$126$66$45
47 years$706$404$221$117$60$40
48 years$684$386$208$108$55$36
49 years$662$369$195$100$50$32
50 years$641$352$184$92$45$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $657,000, adding $2,149 every year, while hoping to spend $34,770 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: 63/7/30 Blend
29$657,000$657,000$657,000$657,000
30$726,231$691,410$681,226$766,005
31$763,311$688,294$667,052$790,173
32$803,009$683,860$651,238$812,596
33$845,553$678,007$633,692$836,356
34$891,197$670,627$614,319$861,593
35$940,218$661,606$593,017$888,458
36$992,920$650,824$569,682$917,123
37$1,049,636$638,153$544,205$947,775
38$1,110,734$623,458$516,471$980,624
39$1,176,616$606,594$486,360$1,015,901
40$1,247,724$587,411$453,747$1,053,865
41$1,324,545$565,747$418,500$1,094,799
42$1,407,613$541,432$380,484$1,139,021
43$1,497,514$514,287$339,555$1,186,880
44$1,594,894$484,121$295,564$1,238,764
45$1,700,463$450,733$248,355$1,295,103
46$1,815,002$413,910$197,766$1,356,373
47$1,939,367$373,427$143,627$1,423,101
48$2,074,504$329,046$85,760$1,495,869
49$2,221,450$280,516$23,979$1,575,323
50$2,381,348$227,572$0$1,662,177
51$2,555,456$169,933$0$1,770,648
52$2,745,155$107,302$0$1,897,246
53$2,951,968$39,367$0$2,035,321
54$3,177,571$0$0$2,186,010
55$3,423,807$0$0$2,353,202
56$3,692,706$0$0$2,539,138
57$3,986,502$0$0$2,742,336
58$4,307,656$0$0$2,964,502
59$4,658,875$0$0$3,207,516
60$5,043,141$0$0$3,473,447
61$5,463,737$0$0$3,764,575
62$5,924,280$0$0$4,083,408
63$6,428,750$0$0$4,432,709
64$6,981,532$0$0$4,815,522
65$7,587,455$0$0$5,235,199
66$8,251,837$0$0$5,695,430
67$8,980,536$0$0$6,200,281
68$9,780,002$0$0$6,754,231
69$10,657,343$0$0$7,362,211
70$11,620,386$0$0$8,029,656
71$12,677,753$0$0$8,762,549
72$13,838,943$0$0$9,567,484
73$15,114,417$0$0$10,451,725
74$16,515,703$0$0$11,423,270
75$18,055,497$0$0$12,490,936
76$19,747,790$0$0$13,664,433
77$21,607,991$0$0$14,954,457
78$23,653,079$0$0$16,372,796
79$25,901,760$0$0$17,932,435
80$28,374,643$0$0$19,647,680
81$31,094,433$0$0$21,534,293
82$34,086,147$0$0$23,609,641
83$37,377,349$0$0$25,892,858
84$40,998,408$0$0$28,405,026
85$44,982,784$0$0$31,169,376
86$49,367,347$0$0$34,211,501
87$54,192,719$0$0$37,559,602
88$59,503,662$0$0$41,244,754
89$65,349,493$0$0$45,301,194
90$71,784,558$0$0$49,766,649
91$78,868,737$0$0$54,682,690
92$86,668,009$0$0$60,095,122
93$95,255,079$0$0$66,054,418
94$104,710,058$0$0$72,616,195
95$115,121,223$0$0$79,841,736
96$126,585,844$0$0$87,798,571
97$139,211,108$0$0$96,561,112
98$153,115,125$0$0$106,211,355
99$168,428,042$0$0$116,839,655
100$185,293,275$0$0$128,545,576