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%19.6%
1 years$54,337$53,853$53,381$52,920$52,470$50,448
2 years$26,900$26,399$25,913$25,442$24,986$22,973
3 years$17,755$17,252$16,767$16,301$15,852$13,911
4 years$13,183$12,682$12,202$11,744$11,306$9,452
5 years$10,441$9,943$9,470$9,021$8,594$6,833
6 years$8,614$8,119$7,653$7,214$6,800$5,132
7 years$7,309$6,818$6,360$5,931$5,531$3,954
8 years$6,331$5,845$5,393$4,975$4,588$3,103
9 years$5,570$5,089$4,645$4,238$3,864$2,468
10 years$4,962$4,485$4,050$3,653$3,292$1,982
11 years$4,465$3,993$3,565$3,179$2,831$1,605
12 years$4,051$3,584$3,164$2,789$2,454$1,307
13 years$3,701$3,239$2,827$2,462$2,140$1,070
14 years$3,402$2,944$2,540$2,185$1,876$879
15 years$3,142$2,689$2,293$1,949$1,651$724
16 years$2,915$2,468$2,079$1,745$1,460$598
17 years$2,715$2,273$1,892$1,568$1,294$495
18 years$2,538$2,100$1,727$1,413$1,151$411
19 years$2,379$1,946$1,581$1,277$1,026$341
20 years$2,236$1,808$1,451$1,156$916$284
21 years$2,107$1,685$1,335$1,050$820$236
22 years$1,990$1,572$1,230$954$735$197
23 years$1,884$1,471$1,136$869$660$164
24 years$1,786$1,378$1,050$793$593$137
25 years$1,696$1,293$973$724$534$114
26 years$1,614$1,215$902$662$481$95
27 years$1,537$1,144$838$606$433$79
28 years$1,467$1,078$779$555$391$66
29 years$1,401$1,017$725$509$353$55
30 years$1,339$960$675$467$319$46
31 years$1,282$908$629$429$288$39
32 years$1,229$859$587$394$261$32
33 years$1,178$813$548$363$236$27
34 years$1,131$771$512$334$214$23
35 years$1,087$731$479$307$194$19
36 years$1,045$694$448$283$175$16
37 years$1,006$659$419$261$159$13
38 years$968$626$393$240$144$11
39 years$933$596$368$221$131$9
40 years$900$567$345$204$119$8
41 years$868$539$323$188$108$6
42 years$838$514$303$174$98$5
43 years$809$490$285$161$89$4
44 years$782$467$267$148$80$4
45 years$756$445$251$137$73$3
46 years$731$424$236$126$66$3
47 years$707$405$221$117$60$2
48 years$685$387$208$108$55$2
49 years$663$369$196$100$50$2
50 years$642$353$184$92$45$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $658,000, adding $3,580 every year, while hoping to spend $39,159 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: 70/13/17 Blend
29$658,000$658,000$658,000$658,000
30$728,809$693,935$683,736$776,656
31$761,482$686,273$664,976$801,305
32$796,176$676,923$644,275$823,265
33$833,055$665,761$621,528$846,308
34$872,299$652,656$596,621$870,534
35$914,106$637,468$569,440$896,057
36$958,691$620,050$539,863$923,002
37$1,006,291$600,246$507,762$951,508
38$1,057,166$577,891$473,004$981,730
39$1,111,599$552,810$435,452$1,013,837
40$1,169,902$524,818$394,960$1,048,021
41$1,232,417$493,719$351,376$1,084,492
42$1,299,519$459,306$304,543$1,123,482
43$1,371,619$421,362$254,294$1,165,252
44$1,449,169$379,654$200,458$1,210,086
45$1,532,665$333,938$142,855$1,258,304
46$1,622,652$283,955$81,295$1,310,258
47$1,719,728$229,434$15,584$1,366,336
48$1,824,550$170,086$0$1,426,971
49$1,937,839$105,606$0$1,502,535
50$2,060,391$35,673$0$1,587,323
51$2,193,077$0$0$1,679,132
52$2,336,857$0$0$1,784,383
53$2,492,785$0$0$1,904,090
54$2,662,021$0$0$2,034,045
55$2,845,840$0$0$2,175,232
56$3,045,647$0$0$2,328,731
57$3,262,984$0$0$2,495,733
58$3,499,550$0$0$2,677,548
59$3,757,213$0$0$2,875,616
60$4,038,030$0$0$3,091,524
61$4,344,265$0$0$3,327,016
62$4,678,408$0$0$3,584,013
63$5,043,200$0$0$3,864,629
64$5,441,661$0$0$4,171,192
65$5,877,112$0$0$4,506,264
66$6,353,213$0$0$4,872,667
67$6,873,989$0$0$5,273,505
68$7,443,876$0$0$5,712,200
69$8,067,757$0$0$6,192,517
70$8,751,009$0$0$6,718,602
71$9,499,553$0$0$7,295,023
72$10,319,911$0$0$7,926,810
73$11,219,265$0$0$8,619,501
74$12,205,524$0$0$9,379,198
75$13,287,402$0$0$10,212,620
76$14,474,494$0$0$11,127,169
77$15,777,370$0$0$12,130,996
78$17,207,673$0$0$13,233,083
79$18,778,230$0$0$14,443,321
80$20,503,168$0$0$15,772,608
81$22,398,050$0$0$17,232,949
82$24,480,022$0$0$18,837,568
83$26,767,973$0$0$20,601,034
84$29,282,711$0$0$22,539,398
85$32,047,161$0$0$24,670,342
86$35,086,580$0$0$27,013,349
87$38,428,793$0$0$29,589,880
88$42,104,459$0$0$32,423,585
89$46,147,354$0$0$35,540,517
90$50,594,695$0$0$38,969,383
91$55,487,484$0$0$42,741,810
92$60,870,899$0$0$46,892,648
93$66,794,719$0$0$51,460,293
94$73,313,791$0$0$56,487,053
95$80,488,548$0$0$62,019,543
96$88,385,578$0$0$68,109,128
97$97,078,251$0$0$74,812,403
98$106,647,413$0$0$82,191,732
99$117,182,146$0$0$90,315,828
100$128,780,607$0$0$99,260,409