Can I retire at age 30 with 661,000?

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 $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%12%
1 years$54,585$54,099$53,624$53,161$52,709$52,267
2 years$27,022$26,519$26,031$25,558$25,100$24,654
3 years$17,836$17,330$16,844$16,375$15,924$15,489
4 years$13,244$12,740$12,258$11,798$11,357$10,936
5 years$10,489$9,988$9,513$9,062$8,634$8,227
6 years$8,653$8,156$7,688$7,247$6,831$6,441
7 years$7,342$6,849$6,389$5,958$5,556$5,181
8 years$6,360$5,871$5,418$4,998$4,609$4,249
9 years$5,596$5,112$4,666$4,257$3,882$3,537
10 years$4,985$4,506$4,068$3,670$3,307$2,978
11 years$4,486$4,011$3,582$3,194$2,844$2,531
12 years$4,070$3,600$3,179$2,801$2,465$2,166
13 years$3,718$3,254$2,840$2,473$2,149$1,865
14 years$3,417$2,958$2,552$2,195$1,884$1,614
15 years$3,156$2,702$2,304$1,958$1,659$1,402
16 years$2,928$2,479$2,089$1,753$1,466$1,223
17 years$2,728$2,283$1,901$1,575$1,300$1,069
18 years$2,549$2,109$1,735$1,420$1,156$938
19 years$2,390$1,955$1,588$1,283$1,030$824
20 years$2,247$1,817$1,458$1,162$920$725
21 years$2,117$1,692$1,341$1,054$824$640
22 years$2,000$1,580$1,236$959$738$565
23 years$1,892$1,477$1,141$873$663$500
24 years$1,794$1,384$1,055$796$596$442
25 years$1,704$1,299$977$727$536$392
26 years$1,621$1,221$906$665$483$348
27 years$1,544$1,149$842$609$435$309
28 years$1,473$1,083$783$558$393$274
29 years$1,407$1,021$728$511$355$244
30 years$1,346$965$678$469$320$217
31 years$1,288$912$632$431$290$193
32 years$1,234$863$590$396$262$171
33 years$1,184$817$551$364$237$153
34 years$1,136$774$515$335$215$136
35 years$1,092$735$481$309$194$121
36 years$1,050$697$450$284$176$108
37 years$1,010$662$421$262$160$96
38 years$973$629$395$241$145$86
39 years$937$598$370$222$131$76
40 years$904$569$346$205$119$68
41 years$872$542$325$189$108$61
42 years$842$516$305$175$98$54
43 years$813$492$286$161$89$48
44 years$785$469$268$149$81$43
45 years$759$447$252$138$73$38
46 years$734$426$237$127$67$34
47 years$711$407$222$117$60$31
48 years$688$388$209$108$55$27
49 years$666$371$196$100$50$24
50 years$645$354$185$93$45$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $661,000, adding $6,001 every year, while hoping to spend $37,146 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: 36/42/22 Blend
29$661,000$661,000$661,000$661,000
30$734,612$699,579$689,334$755,989
31$770,019$694,335$672,903$766,946
32$807,793$687,590$654,677$774,897
33$848,136$679,229$634,557$782,726
34$891,269$669,135$612,438$790,447
35$937,435$657,179$588,211$798,074
36$986,901$643,228$561,763$805,630
37$1,039,958$627,140$532,976$813,139
38$1,096,928$608,764$501,725$820,635
39$1,158,162$587,940$467,880$828,158
40$1,224,046$564,501$431,305$835,756
41$1,295,004$538,267$391,859$843,486
42$1,371,503$509,050$349,395$851,417
43$1,454,053$476,651$303,756$859,628
44$1,543,217$440,857$254,783$868,213
45$1,639,612$401,446$202,305$877,280
46$1,743,918$358,183$146,148$886,955
47$1,856,881$310,817$86,127$897,382
48$1,979,321$259,085$22,051$908,728
49$2,112,141$202,709$0$921,182
50$2,256,332$141,395$0$945,836
51$2,412,987$74,832$0$978,293
52$2,583,305$2,693$0$1,013,702
53$2,768,608$0$0$1,052,434
54$2,970,349$0$0$1,129,738
55$3,190,127$0$0$1,215,396
56$3,429,702$0$0$1,308,859
57$3,691,009$0$0$1,410,894
58$3,976,182$0$0$1,522,345
59$4,287,566$0$0$1,644,142
60$4,627,744$0$0$1,777,308
61$4,999,560$0$0$1,922,969
62$5,406,145$0$0$2,082,364
63$5,850,945$0$0$2,256,861
64$6,337,756$0$0$2,447,962
65$6,870,757$0$0$2,657,325
66$7,454,550$0$0$2,886,771
67$8,094,205$0$0$3,138,311
68$8,795,301$0$0$3,414,156
69$9,563,988$0$0$3,716,743
70$10,407,034$0$0$4,048,756
71$11,331,899$0$0$4,413,151
72$12,346,795$0$0$4,813,183
73$13,460,770$0$0$5,252,441
74$14,683,790$0$0$5,734,875
75$16,026,834$0$0$6,264,837
76$17,501,996$0$0$6,847,123
77$19,122,598$0$0$7,487,016
78$20,903,316$0$0$8,190,334
79$22,860,319$0$0$8,963,490
80$25,011,419$0$0$9,813,546
81$27,376,241$0$0$10,748,286
82$29,976,405$0$0$11,776,282
83$32,835,732$0$0$12,906,981
84$35,980,464$0$0$14,150,791
85$39,439,516$0$0$15,519,180
86$43,244,747$0$0$17,024,783
87$47,431,258$0$0$18,681,520
88$52,037,721$0$0$20,504,731
89$57,106,752$0$0$22,511,317
90$62,685,300$0$0$24,719,900
91$68,825,101$0$0$27,151,001
92$75,583,157$0$0$29,827,228
93$83,022,279$0$0$32,773,496
94$91,211,675$0$0$36,017,255
95$100,227,604$0$0$39,588,755
96$110,154,097$0$0$43,521,327
97$121,083,746$0$0$47,851,698
98$133,118,577$0$0$52,620,340
99$146,371,017$0$0$57,871,848
100$160,964,947$0$0$63,655,364