Can I retire at age 30 with 661,000?

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 $661,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$54,585$54,099$53,624$53,161$52,709$51,836
2 years$27,022$26,519$26,031$25,558$25,100$24,222
3 years$17,836$17,330$16,844$16,375$15,924$15,070
4 years$13,244$12,740$12,258$11,798$11,357$10,533
5 years$10,489$9,988$9,513$9,062$8,634$7,842
6 years$8,653$8,156$7,688$7,247$6,831$6,073
7 years$7,342$6,849$6,389$5,958$5,556$4,831
8 years$6,360$5,871$5,418$4,998$4,609$3,917
9 years$5,596$5,112$4,666$4,257$3,882$3,223
10 years$4,985$4,506$4,068$3,670$3,307$2,681
11 years$4,486$4,011$3,582$3,194$2,844$2,249
12 years$4,070$3,600$3,179$2,801$2,465$1,901
13 years$3,718$3,254$2,840$2,473$2,149$1,615
14 years$3,417$2,958$2,552$2,195$1,884$1,379
15 years$3,156$2,702$2,304$1,958$1,659$1,182
16 years$2,928$2,479$2,089$1,753$1,466$1,017
17 years$2,728$2,283$1,901$1,575$1,300$877
18 years$2,549$2,109$1,735$1,420$1,156$758
19 years$2,390$1,955$1,588$1,283$1,030$656
20 years$2,247$1,817$1,458$1,162$920$569
21 years$2,117$1,692$1,341$1,054$824$495
22 years$2,000$1,580$1,236$959$738$430
23 years$1,892$1,477$1,141$873$663$375
24 years$1,794$1,384$1,055$796$596$327
25 years$1,704$1,299$977$727$536$285
26 years$1,621$1,221$906$665$483$249
27 years$1,544$1,149$842$609$435$217
28 years$1,473$1,083$783$558$393$190
29 years$1,407$1,021$728$511$355$166
30 years$1,346$965$678$469$320$145
31 years$1,288$912$632$431$290$127
32 years$1,234$863$590$396$262$111
33 years$1,184$817$551$364$237$97
34 years$1,136$774$515$335$215$85
35 years$1,092$735$481$309$194$75
36 years$1,050$697$450$284$176$65
37 years$1,010$662$421$262$160$57
38 years$973$629$395$241$145$50
39 years$937$598$370$222$131$44
40 years$904$569$346$205$119$39
41 years$872$542$325$189$108$34
42 years$842$516$305$175$98$30
43 years$813$492$286$161$89$26
44 years$785$469$268$149$81$23
45 years$759$447$252$138$73$20
46 years$734$426$237$127$67$18
47 years$711$407$222$117$60$15
48 years$688$388$209$108$55$13
49 years$666$371$196$100$50$12
50 years$645$354$185$93$45$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $661,000, adding $6,043 every year, while hoping to spend $48,892 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: 74/8/18 Blend
29$661,000$661,000$661,000$661,000
30$734,655$699,622$689,377$785,521
31$757,569$681,883$660,450$802,314
32$781,182$661,636$628,916$814,144
33$805,513$638,707$594,635$825,829
34$830,582$612,910$557,462$837,341
35$856,410$584,051$517,246$848,653
36$883,017$551,923$473,827$859,736
37$910,425$516,307$427,040$870,557
38$938,654$476,972$376,712$881,083
39$967,727$433,674$322,661$891,276
40$997,665$386,154$264,700$901,099
41$1,028,491$334,139$202,632$910,510
42$1,060,226$277,341$136,249$919,465
43$1,092,893$215,455$65,338$927,916
44$1,126,515$148,159$0$935,814
45$1,161,114$75,113$0$945,090
46$1,196,713$0$0$967,223
47$1,233,333$0$0$989,992
48$1,270,997$0$0$1,020,210
49$1,309,727$0$0$1,051,281
50$1,349,543$0$0$1,083,222
51$1,390,466$0$0$1,116,049
52$1,432,517$0$0$1,149,778
53$1,475,714$0$0$1,184,424
54$1,520,074$0$0$1,220,001
55$1,565,616$0$0$1,256,523
56$1,612,353$0$0$1,293,999
57$1,660,300$0$0$1,332,442
58$1,709,467$0$0$1,371,860
59$1,759,863$0$0$1,412,258
60$1,811,495$0$0$1,453,642
61$1,864,364$0$0$1,496,013
62$1,918,472$0$0$1,539,370
63$1,973,813$0$0$1,583,709
64$2,030,378$0$0$1,629,021
65$2,088,152$0$0$1,675,293
66$2,147,116$0$0$1,722,509
67$2,207,242$0$0$1,770,645
68$2,268,496$0$0$1,819,673
69$2,330,836$0$0$1,869,557
70$2,394,209$0$0$1,920,254
71$2,458,554$0$0$1,971,713
72$2,523,796$0$0$2,023,871
73$2,589,849$0$0$2,076,657
74$2,656,611$0$0$2,129,988
75$2,723,964$0$0$2,183,766
76$2,791,773$0$0$2,237,879
77$2,859,883$0$0$2,292,201
78$2,928,115$0$0$2,346,584
79$2,996,268$0$0$2,400,862
80$3,064,111$0$0$2,454,847
81$3,131,384$0$0$2,508,324
82$3,197,793$0$0$2,561,054
83$3,263,006$0$0$2,612,764
84$3,326,651$0$0$2,663,148
85$3,388,309$0$0$2,711,864
86$3,447,509$0$0$2,758,527
87$3,503,726$0$0$2,802,706
88$3,556,370$0$0$2,843,919
89$3,604,786$0$0$2,881,630
90$3,648,238$0$0$2,915,237
91$3,685,909$0$0$2,944,073
92$3,716,888$0$0$2,967,391
93$3,740,159$0$0$2,984,363
94$3,754,594$0$0$2,994,067
95$3,758,940$0$0$2,995,477
96$3,751,802$0$0$2,987,455
97$3,731,634$0$0$2,968,739
98$3,696,719$0$0$2,937,924
99$3,645,152$0$0$2,893,458
100$3,574,825$0$0$2,833,616