Can I retire at age 30 with 658,000?

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 $658,000?

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$54,337$53,853$53,381$52,920$52,470$52,205
2 years$26,900$26,399$25,913$25,442$24,986$24,718
3 years$17,755$17,252$16,767$16,301$15,852$15,590
4 years$13,183$12,682$12,202$11,744$11,306$11,052
5 years$10,441$9,943$9,470$9,021$8,594$8,349
6 years$8,614$8,119$7,653$7,214$6,800$6,564
7 years$7,309$6,818$6,360$5,931$5,531$5,303
8 years$6,331$5,845$5,393$4,975$4,588$4,370
9 years$5,570$5,089$4,645$4,238$3,864$3,655
10 years$4,962$4,485$4,050$3,653$3,292$3,092
11 years$4,465$3,993$3,565$3,179$2,831$2,640
12 years$4,051$3,584$3,164$2,789$2,454$2,271
13 years$3,701$3,239$2,827$2,462$2,140$1,965
14 years$3,402$2,944$2,540$2,185$1,876$1,709
15 years$3,142$2,689$2,293$1,949$1,651$1,493
16 years$2,915$2,468$2,079$1,745$1,460$1,309
17 years$2,715$2,273$1,892$1,568$1,294$1,151
18 years$2,538$2,100$1,727$1,413$1,151$1,015
19 years$2,379$1,946$1,581$1,277$1,026$897
20 years$2,236$1,808$1,451$1,156$916$795
21 years$2,107$1,685$1,335$1,050$820$705
22 years$1,990$1,572$1,230$954$735$626
23 years$1,884$1,471$1,136$869$660$557
24 years$1,786$1,378$1,050$793$593$496
25 years$1,696$1,293$973$724$534$443
26 years$1,614$1,215$902$662$481$395
27 years$1,537$1,144$838$606$433$353
28 years$1,467$1,078$779$555$391$315
29 years$1,401$1,017$725$509$353$282
30 years$1,339$960$675$467$319$252
31 years$1,282$908$629$429$288$226
32 years$1,229$859$587$394$261$202
33 years$1,178$813$548$363$236$181
34 years$1,131$771$512$334$214$163
35 years$1,087$731$479$307$194$146
36 years$1,045$694$448$283$175$131
37 years$1,006$659$419$261$159$117
38 years$968$626$393$240$144$105
39 years$933$596$368$221$131$95
40 years$900$567$345$204$119$85
41 years$868$539$323$188$108$76
42 years$838$514$303$174$98$68
43 years$809$490$285$161$89$62
44 years$782$467$267$148$80$55
45 years$756$445$251$137$73$50
46 years$731$424$236$126$66$45
47 years$707$405$221$117$60$40
48 years$685$387$208$108$55$36
49 years$663$369$196$100$50$32
50 years$642$353$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 $658,000, adding $2,445 every year, while hoping to spend $35,619 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: 33/39/28 Blend
29$658,000$658,000$658,000$658,000
30$727,638$692,764$682,565$745,393
31$763,959$688,811$667,533$755,147
32$802,790$683,471$650,803$762,316
33$844,351$676,637$632,281$769,352
34$888,882$668,199$611,869$776,265
35$936,644$658,037$589,463$783,074
36$987,926$646,025$564,954$789,801
37$1,043,045$632,031$538,231$796,474
38$1,102,348$615,913$509,174$803,127
39$1,166,217$597,522$477,661$809,803
40$1,235,070$576,700$443,562$816,551
41$1,309,369$553,279$406,742$823,432
42$1,389,618$527,083$367,061$830,517
43$1,476,373$497,924$324,372$837,888
44$1,570,245$465,605$278,521$845,642
45$1,671,905$429,915$229,346$853,892
46$1,782,092$390,633$176,682$862,767
47$1,901,617$347,526$120,353$872,415
48$2,031,373$300,346$60,175$883,008
49$2,172,341$248,831$0$894,740
50$2,325,602$192,705$0$909,042
51$2,492,343$131,678$0$944,223
52$2,673,872$65,440$0$982,635
53$2,871,628$0$0$1,024,668
54$3,087,192$0$0$1,073,473
55$3,322,308$0$0$1,157,425
56$3,578,893$0$0$1,249,135
57$3,859,057$0$0$1,349,370
58$4,165,124$0$0$1,458,973
59$4,499,652$0$0$1,578,873
60$4,865,457$0$0$1,710,091
61$5,265,639$0$0$1,853,754
62$5,703,613$0$0$2,011,101
63$6,183,138$0$0$2,183,499
64$6,708,354$0$0$2,372,449
65$7,283,820$0$0$2,579,609
66$7,914,557$0$0$2,806,802
67$8,606,094$0$0$3,056,037
68$9,364,522$0$0$3,329,527
69$10,196,548$0$0$3,629,709
70$11,109,562$0$0$3,959,267
71$12,111,702$0$0$4,321,158
72$13,211,932$0$0$4,718,641
73$14,420,128$0$0$5,155,305
74$15,747,169$0$0$5,635,102
75$17,205,037$0$0$6,162,387
76$18,806,935$0$0$6,741,960
77$20,567,407$0$0$7,379,106
78$22,502,476$0$0$8,079,649
79$24,629,792$0$0$8,850,006
80$26,968,805$0$0$9,697,245
81$29,540,941$0$0$10,629,156
82$32,369,806$0$0$11,654,319
83$35,481,409$0$0$12,782,191
84$38,904,408$0$0$14,023,187
85$42,670,375$0$0$15,388,788
86$46,814,098$0$0$16,891,640
87$51,373,909$0$0$18,545,678
88$56,392,041$0$0$20,366,258
89$61,915,029$0$0$22,370,298
90$67,994,149$0$0$24,576,440
91$74,685,897$0$0$27,005,226
92$82,052,530$0$0$29,679,292
93$90,162,641$0$0$32,623,577
94$99,091,818$0$0$35,865,565
95$108,923,347$0$0$39,435,539
96$119,749,004$0$0$43,366,868
97$131,669,915$0$0$47,696,323
98$144,797,514$0$0$52,464,423
99$159,254,592$0$0$57,715,816
100$175,176,456$0$0$63,499,702