Can I retire at age 30 with 659,000?

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 $659,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$54,420$53,935$53,462$53,000$52,550$51,342
2 years$26,940$26,439$25,952$25,481$25,024$23,813
3 years$17,782$17,278$16,793$16,326$15,876$14,701
4 years$13,203$12,701$12,221$11,762$11,323$10,193
5 years$10,457$9,958$9,484$9,034$8,607$7,525
6 years$8,627$8,131$7,664$7,225$6,811$5,777
7 years$7,320$6,829$6,369$5,940$5,539$4,554
8 years$6,340$5,853$5,402$4,983$4,595$3,659
9 years$5,579$5,096$4,652$4,244$3,870$2,981
10 years$4,970$4,492$4,056$3,659$3,297$2,456
11 years$4,472$3,999$3,571$3,184$2,836$2,040
12 years$4,058$3,589$3,169$2,793$2,457$1,706
13 years$3,707$3,244$2,831$2,466$2,143$1,434
14 years$3,407$2,949$2,544$2,189$1,878$1,212
15 years$3,147$2,694$2,297$1,952$1,654$1,027
16 years$2,920$2,471$2,082$1,748$1,462$873
17 years$2,719$2,276$1,895$1,570$1,296$745
18 years$2,542$2,103$1,730$1,415$1,152$636
19 years$2,383$1,949$1,584$1,279$1,027$544
20 years$2,240$1,811$1,453$1,158$917$467
21 years$2,111$1,687$1,337$1,051$821$401
22 years$1,993$1,575$1,232$956$736$344
23 years$1,887$1,473$1,138$870$661$296
24 years$1,789$1,380$1,052$794$594$255
25 years$1,699$1,295$974$725$534$219
26 years$1,616$1,217$904$663$481$189
27 years$1,540$1,145$839$607$434$163
28 years$1,469$1,079$780$556$392$141
29 years$1,403$1,018$726$510$354$121
30 years$1,341$962$676$468$319$105
31 years$1,284$909$630$430$289$91
32 years$1,230$860$588$395$261$78
33 years$1,180$815$549$363$236$68
34 years$1,133$772$513$334$214$58
35 years$1,089$732$480$308$194$50
36 years$1,047$695$449$283$176$44
37 years$1,007$660$420$261$159$38
38 years$970$627$393$241$144$33
39 years$934$597$369$222$131$28
40 years$901$568$345$205$119$24
41 years$869$540$324$189$108$21
42 years$839$515$304$174$98$18
43 years$810$490$285$161$89$16
44 years$783$467$268$148$81$14
45 years$757$446$251$137$73$12
46 years$732$425$236$127$66$10
47 years$708$406$222$117$60$9
48 years$686$387$208$108$55$8
49 years$664$370$196$100$50$7
50 years$643$353$184$92$45$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $659,000, adding $5,176 every year, while hoping to spend $38,688 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: 68/22/10 Blend
29$659,000$659,000$659,000$659,000
30$731,557$696,630$686,416$779,463
31$765,012$689,601$668,247$804,916
32$800,583$680,931$648,173$827,604
33$838,445$670,499$626,088$851,397
34$878,788$658,176$601,885$876,399
35$921,824$643,826$575,447$902,723
36$967,782$627,305$546,656$930,496
37$1,016,913$608,460$515,387$959,859
38$1,069,493$587,130$481,508$990,967
39$1,125,826$563,144$444,883$1,023,994
40$1,186,243$536,321$405,369$1,059,133
41$1,251,108$506,469$362,817$1,096,597
42$1,320,821$473,386$317,072$1,136,622
43$1,395,822$436,858$267,970$1,179,472
44$1,476,591$396,660$215,342$1,225,438
45$1,563,657$352,550$159,011$1,274,843
46$1,657,603$304,278$98,791$1,328,046
47$1,759,067$251,576$34,488$1,385,443
48$1,868,750$194,162$0$1,447,474
49$1,987,425$131,737$0$1,518,270
50$2,115,937$63,988$0$1,598,892
51$2,255,221$0$0$1,686,279
52$2,406,301$0$0$1,783,397
53$2,570,303$0$0$1,905,670
54$2,748,469$0$0$2,038,538
55$2,942,161$0$0$2,183,020
56$3,152,881$0$0$2,340,240
57$3,382,278$0$0$2,511,436
58$3,632,169$0$0$2,697,966
59$3,904,554$0$0$2,901,330
60$4,201,632$0$0$3,123,174
61$4,525,825$0$0$3,365,312
62$4,879,797$0$0$3,629,741
63$5,266,484$0$0$3,918,658
64$5,689,114$0$0$4,234,483
65$6,151,244$0$0$4,579,881
66$6,656,789$0$0$4,957,783
67$7,210,061$0$0$5,371,421
68$7,815,806$0$0$5,824,349
69$8,479,253$0$0$6,320,486
70$9,206,157$0$0$6,864,143
71$10,002,859$0$0$7,460,070
72$10,876,341$0$0$8,113,499
73$11,834,295$0$0$8,830,192
74$12,885,189$0$0$9,616,494
75$14,038,354$0$0$10,479,397
76$15,304,066$0$0$11,426,599
77$16,693,646$0$0$12,466,582
78$18,219,563$0$0$13,608,689
79$19,895,552$0$0$14,863,213
80$21,736,748$0$0$16,241,491
81$23,759,818$0$0$17,756,013
82$25,983,128$0$0$19,420,541
83$28,426,909$0$0$21,250,232
84$31,113,452$0$0$23,261,789
85$34,067,312$0$0$25,473,612
86$37,315,545$0$0$27,905,974
87$40,887,959$0$0$30,581,209
88$44,817,396$0$0$33,523,925
89$49,140,039$0$0$36,761,238
90$53,895,757$0$0$40,323,018
91$59,128,476$0$0$44,242,183
92$64,886,596$0$0$48,554,999
93$71,223,445$0$0$53,301,425
94$78,197,783$0$0$58,525,492
95$85,874,354$0$0$64,275,714
96$94,324,499$0$0$70,605,548
97$103,626,823$0$0$77,573,898
98$113,867,942$0$0$85,245,667
99$125,143,298$0$0$93,692,371
100$137,558,057$0$0$102,992,817