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%11.8%
1 years$54,585$54,099$53,624$53,161$52,709$52,311
2 years$27,022$26,519$26,031$25,558$25,100$24,698
3 years$17,836$17,330$16,844$16,375$15,924$15,532
4 years$13,244$12,740$12,258$11,798$11,357$10,977
5 years$10,489$9,988$9,513$9,062$8,634$8,267
6 years$8,653$8,156$7,688$7,247$6,831$6,479
7 years$7,342$6,849$6,389$5,958$5,556$5,217
8 years$6,360$5,871$5,418$4,998$4,609$4,284
9 years$5,596$5,112$4,666$4,257$3,882$3,570
10 years$4,985$4,506$4,068$3,670$3,307$3,010
11 years$4,486$4,011$3,582$3,194$2,844$2,560
12 years$4,070$3,600$3,179$2,801$2,465$2,194
13 years$3,718$3,254$2,840$2,473$2,149$1,892
14 years$3,417$2,958$2,552$2,195$1,884$1,639
15 years$3,156$2,702$2,304$1,958$1,659$1,426
16 years$2,928$2,479$2,089$1,753$1,466$1,245
17 years$2,728$2,283$1,901$1,575$1,300$1,090
18 years$2,549$2,109$1,735$1,420$1,156$958
19 years$2,390$1,955$1,588$1,283$1,030$843
20 years$2,247$1,817$1,458$1,162$920$743
21 years$2,117$1,692$1,341$1,054$824$656
22 years$2,000$1,580$1,236$959$738$580
23 years$1,892$1,477$1,141$873$663$514
24 years$1,794$1,384$1,055$796$596$456
25 years$1,704$1,299$977$727$536$405
26 years$1,621$1,221$906$665$483$359
27 years$1,544$1,149$842$609$435$319
28 years$1,473$1,083$783$558$393$284
29 years$1,407$1,021$728$511$355$253
30 years$1,346$965$678$469$320$225
31 years$1,288$912$632$431$290$201
32 years$1,234$863$590$396$262$179
33 years$1,184$817$551$364$237$160
34 years$1,136$774$515$335$215$142
35 years$1,092$735$481$309$194$127
36 years$1,050$697$450$284$176$113
37 years$1,010$662$421$262$160$101
38 years$973$629$395$241$145$90
39 years$937$598$370$222$131$81
40 years$904$569$346$205$119$72
41 years$872$542$325$189$108$64
42 years$842$516$305$175$98$58
43 years$813$492$286$161$89$51
44 years$785$469$268$149$81$46
45 years$759$447$252$138$73$41
46 years$734$426$237$127$67$37
47 years$711$407$222$117$60$33
48 years$688$388$209$108$55$29
49 years$666$371$196$100$50$26
50 years$645$354$185$93$45$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $661,000, adding $3,305 every year, while hoping to spend $45,803 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: 62/25/13 Blend
29$661,000$661,000$661,000$661,000
30$731,831$696,798$686,553$774,721
31$757,744$682,207$660,818$789,305
32$784,765$665,366$632,686$799,693
33$812,958$646,116$602,029$809,915
34$842,394$624,290$568,711$819,957
35$873,147$599,710$532,592$829,804
36$905,299$572,187$493,525$839,444
37$938,938$541,523$451,357$848,864
38$974,160$507,507$405,927$858,051
39$1,011,066$469,917$357,067$866,997
40$1,049,770$428,518$304,604$875,693
41$1,090,392$383,060$248,354$884,131
42$1,133,064$333,282$188,126$892,307
43$1,177,929$278,906$123,721$900,220
44$1,225,144$219,638$54,931$907,871
45$1,274,877$155,169$0$915,266
46$1,327,313$85,170$0$924,979
47$1,382,652$9,298$0$942,758
48$1,441,115$0$0$961,031
49$1,502,941$0$0$999,891
50$1,568,389$0$0$1,043,759
51$1,637,747$0$0$1,090,270
52$1,711,324$0$0$1,139,636
53$1,789,461$0$0$1,192,090
54$1,872,532$0$0$1,247,885
55$1,960,943$0$0$1,307,299
56$2,055,140$0$0$1,370,635
57$2,155,612$0$0$1,438,225
58$2,262,894$0$0$1,510,436
59$2,377,572$0$0$1,587,665
60$2,500,289$0$0$1,670,351
61$2,631,750$0$0$1,758,975
62$2,772,727$0$0$1,854,063
63$2,924,068$0$0$1,956,194
64$3,086,705$0$0$2,066,002
65$3,261,660$0$0$2,184,185
66$3,450,052$0$0$2,311,506
67$3,653,116$0$0$2,448,808
68$3,872,204$0$0$2,597,012
69$4,108,802$0$0$2,757,134
70$4,364,545$0$0$2,930,287
71$4,641,228$0$0$3,117,698
72$4,940,824$0$0$3,320,713
73$5,265,505$0$0$3,540,814
74$5,617,656$0$0$3,779,628
75$5,999,900$0$0$4,038,948
76$6,415,125$0$0$4,320,743
77$6,866,505$0$0$4,627,180
78$7,357,532$0$0$4,960,644
79$7,892,049$0$0$5,323,759
80$8,474,284$0$0$5,719,411
81$9,108,891$0$0$6,150,777
82$9,800,990$0$0$6,621,353
83$10,556,217$0$0$7,134,990
84$11,380,776$0$0$7,695,922
85$12,281,497$0$0$8,308,815
86$13,265,897$0$0$8,978,801
87$14,342,255$0$0$9,711,535
88$15,519,683$0$0$10,513,239
89$16,808,216$0$0$11,390,768
90$18,218,904$0$0$12,351,668
91$19,763,913$0$0$13,404,249
92$21,456,644$0$0$14,557,664
93$23,311,853$0$0$15,821,993
94$25,345,792$0$0$17,208,335
95$27,576,361$0$0$18,728,918
96$30,023,275$0$0$20,397,208
97$32,708,250$0$0$22,228,039
98$35,655,203$0$0$24,237,750
99$38,890,483$0$0$26,444,339
100$42,443,113$0$0$28,867,631