Can I retire at age 30 with 659,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%18.6%
1 years$54,420$53,935$53,462$53,000$52,550$50,725
2 years$26,940$26,439$25,952$25,481$25,024$23,205
3 years$17,782$17,278$16,793$16,326$15,876$14,119
4 years$13,203$12,701$12,221$11,762$11,323$9,642
5 years$10,457$9,958$9,484$9,034$8,607$7,007
6 years$8,627$8,131$7,664$7,225$6,811$5,292
7 years$7,320$6,829$6,369$5,940$5,539$4,101
8 years$6,340$5,853$5,402$4,983$4,595$3,237
9 years$5,579$5,096$4,652$4,244$3,870$2,590
10 years$4,970$4,492$4,056$3,659$3,297$2,094
11 years$4,472$3,999$3,571$3,184$2,836$1,706
12 years$4,058$3,589$3,169$2,793$2,457$1,399
13 years$3,707$3,244$2,831$2,466$2,143$1,153
14 years$3,407$2,949$2,544$2,189$1,878$954
15 years$3,147$2,694$2,297$1,952$1,654$792
16 years$2,920$2,471$2,082$1,748$1,462$659
17 years$2,719$2,276$1,895$1,570$1,296$549
18 years$2,542$2,103$1,730$1,415$1,152$459
19 years$2,383$1,949$1,584$1,279$1,027$384
20 years$2,240$1,811$1,453$1,158$917$322
21 years$2,111$1,687$1,337$1,051$821$270
22 years$1,993$1,575$1,232$956$736$227
23 years$1,887$1,473$1,138$870$661$190
24 years$1,789$1,380$1,052$794$594$160
25 years$1,699$1,295$974$725$534$135
26 years$1,616$1,217$904$663$481$113
27 years$1,540$1,145$839$607$434$95
28 years$1,469$1,079$780$556$392$80
29 years$1,403$1,018$726$510$354$68
30 years$1,341$962$676$468$319$57
31 years$1,284$909$630$430$289$48
32 years$1,230$860$588$395$261$40
33 years$1,180$815$549$363$236$34
34 years$1,133$772$513$334$214$29
35 years$1,089$732$480$308$194$24
36 years$1,047$695$449$283$176$20
37 years$1,007$660$420$261$159$17
38 years$970$627$393$241$144$14
39 years$934$597$369$222$131$12
40 years$901$568$345$205$119$10
41 years$869$540$324$189$108$9
42 years$839$515$304$174$98$7
43 years$810$490$285$161$89$6
44 years$783$467$268$148$81$5
45 years$757$446$251$137$73$4
46 years$732$425$236$127$66$4
47 years$708$406$222$117$60$3
48 years$686$387$208$108$55$3
49 years$664$370$196$100$50$2
50 years$643$353$184$92$45$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $659,000, adding $6,881 every year, while hoping to spend $28,557 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: 60/13/27 Blend
29$659,000$659,000$659,000$659,000
30$733,316$698,389$688,174$771,595
31$777,730$702,225$680,844$802,311
32$825,716$705,293$672,310$832,151
33$877,611$707,523$662,504$864,106
34$933,780$708,845$651,351$898,391
35$994,628$709,181$638,773$935,241
36$1,060,599$708,449$624,691$974,914
37$1,132,181$706,565$609,020$1,017,700
38$1,209,912$703,435$591,670$1,063,916
39$1,294,382$698,962$572,550$1,113,914
40$1,386,242$693,044$551,563$1,168,082
41$1,486,206$685,570$528,608$1,226,850
42$1,595,061$676,426$503,578$1,290,694
43$1,713,673$665,486$476,364$1,360,137
44$1,842,995$652,622$446,850$1,435,761
45$1,984,075$637,696$414,914$1,518,206
46$2,138,068$620,560$380,431$1,608,181
47$2,306,244$601,061$343,269$1,706,466
48$2,490,002$579,034$303,290$1,813,928
49$2,690,882$554,307$260,349$1,931,520
50$2,910,579$526,695$214,298$2,060,296
51$3,150,960$496,004$164,979$2,201,420
52$3,414,080$462,031$112,227$2,356,178
53$3,702,202$424,556$55,873$2,525,990
54$4,017,819$383,352$0$2,712,421
55$4,363,676$338,176$0$2,918,432
56$4,742,796$288,771$0$3,161,961
57$5,158,508$234,867$0$3,429,058
58$5,614,478$176,178$0$3,722,108
59$6,114,746$112,403$0$4,043,741
60$6,663,761$43,221$0$4,396,854
61$7,266,423$0$0$4,784,640
62$7,928,129$0$0$5,215,155
63$8,654,826$0$0$5,694,799
64$9,453,064$0$0$6,221,719
65$10,330,059$0$0$6,800,685
66$11,293,759$0$0$7,436,954
67$12,352,924$0$0$8,136,313
68$13,517,200$0$0$8,905,142
69$14,797,217$0$0$9,750,468
70$16,204,685$0$0$10,680,032
71$17,752,507$0$0$11,702,365
72$19,454,898$0$0$12,826,864
73$21,327,519$0$0$14,063,885
74$23,387,626$0$0$15,424,835
75$25,654,232$0$0$16,922,284
76$28,148,286$0$0$18,570,084
77$30,892,869$0$0$20,383,493
78$33,913,413$0$0$22,379,326
79$37,237,941$0$0$24,576,111
80$40,897,330$0$0$26,994,262
81$44,925,602$0$0$29,656,273
82$49,360,245$0$0$32,586,930
83$54,242,567$0$0$35,813,544
84$59,618,084$0$0$39,366,209
85$65,536,951$0$0$43,278,087
86$72,054,435$0$0$47,585,716
87$79,231,432$0$0$52,329,361
88$87,135,047$0$0$57,553,390
89$95,839,225$0$0$63,306,693
90$105,425,445$0$0$69,643,142
91$115,983,494$0$0$76,622,103
92$127,612,311$0$0$84,308,992
93$140,420,920$0$0$92,775,894
94$154,529,460$0$0$102,102,242
95$170,070,317$0$0$112,375,569
96$187,189,376$0$0$123,692,330
97$206,047,393$0$0$136,158,817
98$226,821,516$0$0$149,892,156
99$249,706,954$0$0$165,021,417
100$274,918,821$0$0$181,688,832