Can I retire at age 30 with 662,000?

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 $662,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$54,667$54,180$53,705$53,242$52,789$51,181
2 years$27,063$26,559$26,071$25,597$25,138$23,531
3 years$17,863$17,357$16,869$16,400$15,948$14,394
4 years$13,264$12,759$12,277$11,815$11,374$9,885
5 years$10,505$10,003$9,527$9,075$8,647$7,225
6 years$8,666$8,168$7,699$7,258$6,842$5,489
7 years$7,353$6,860$6,398$5,967$5,564$4,281
8 years$6,369$5,880$5,426$5,005$4,616$3,401
9 years$5,604$5,120$4,674$4,264$3,887$2,740
10 years$4,993$4,513$4,075$3,675$3,312$2,230
11 years$4,492$4,017$3,587$3,199$2,849$1,830
12 years$4,076$3,606$3,183$2,806$2,469$1,512
13 years$3,724$3,259$2,844$2,477$2,153$1,255
14 years$3,422$2,962$2,556$2,199$1,887$1,046
15 years$3,161$2,706$2,307$1,961$1,661$875
16 years$2,933$2,483$2,092$1,756$1,468$734
17 years$2,732$2,286$1,904$1,578$1,302$617
18 years$2,553$2,113$1,738$1,422$1,158$520
19 years$2,393$1,958$1,591$1,285$1,032$439
20 years$2,250$1,819$1,460$1,163$922$371
21 years$2,120$1,695$1,343$1,056$825$314
22 years$2,003$1,582$1,238$960$739$265
23 years$1,895$1,480$1,143$874$664$225
24 years$1,797$1,386$1,057$797$597$191
25 years$1,707$1,301$979$728$537$162
26 years$1,624$1,223$908$666$483$137
27 years$1,547$1,151$843$610$436$117
28 years$1,475$1,084$784$558$393$99
29 years$1,409$1,023$729$512$355$84
30 years$1,348$966$679$470$321$72
31 years$1,290$913$633$432$290$61
32 years$1,236$864$591$397$262$52
33 years$1,186$818$552$365$238$44
34 years$1,138$776$515$336$215$37
35 years$1,093$736$482$309$195$32
36 years$1,051$698$451$285$176$27
37 years$1,012$663$422$262$160$23
38 years$974$630$395$242$145$20
39 years$939$599$370$223$131$17
40 years$905$570$347$206$119$14
41 years$873$543$325$190$108$12
42 years$843$517$305$175$98$10
43 years$814$492$286$162$89$9
44 years$787$469$269$149$81$7
45 years$760$448$252$138$73$6
46 years$735$427$237$127$67$5
47 years$712$408$223$118$61$5
48 years$689$389$209$109$55$4
49 years$667$372$197$100$50$3
50 years$646$355$185$93$45$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $662,000, adding $3,492 every year, while hoping to spend $30,920 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: 41/41/18 Blend
29$662,000$662,000$662,000$662,000
30$733,126$698,040$687,779$759,164
31$775,006$699,345$677,921$779,294
32$820,122$699,678$666,696$797,803
33$868,770$698,959$654,027$817,190
34$921,278$697,101$639,830$837,549
35$978,005$694,015$624,021$858,988
36$1,039,344$689,605$606,508$881,628
37$1,105,730$683,768$587,199$905,602
38$1,177,639$676,397$565,995$931,062
39$1,255,596$667,378$542,793$958,176
40$1,340,175$656,588$517,485$987,133
41$1,432,012$643,900$489,960$1,018,142
42$1,531,803$629,177$460,099$1,051,438
43$1,640,315$612,275$427,780$1,087,283
44$1,758,392$593,041$392,876$1,125,969
45$1,886,961$571,313$355,251$1,167,821
46$2,027,045$546,921$314,765$1,213,200
47$2,179,767$519,684$271,274$1,262,510
48$2,346,365$489,410$224,623$1,316,199
49$2,528,200$455,897$174,653$1,374,765
50$2,726,771$418,931$121,199$1,438,764
51$2,943,729$378,285$64,086$1,508,810
52$3,180,889$333,721$3,132$1,585,589
53$3,440,251$284,985$0$1,669,860
54$3,724,019$231,811$0$1,774,357
55$4,034,615$173,917$0$1,889,542
56$4,374,711$111,004$0$2,015,888
57$4,747,247$42,758$0$2,154,590
58$5,155,461$0$0$2,306,966
59$5,602,917$0$0$2,488,533
60$6,093,545$0$0$2,708,855
61$6,631,670$0$0$2,950,594
62$7,222,056$0$0$3,215,901
63$7,869,950$0$0$3,507,147
64$8,581,134$0$0$3,826,942
65$9,361,975$0$0$4,178,160
66$10,219,487$0$0$4,563,971
67$11,161,397$0$0$4,987,862
68$12,196,217$0$0$5,453,680
69$13,333,323$0$0$5,965,657
70$14,583,047$0$0$6,528,461
71$15,956,769$0$0$7,147,232
72$17,467,027$0$0$7,827,633
73$19,127,636$0$0$8,575,903
74$20,953,814$0$0$9,398,917
75$22,962,330$0$0$10,304,249
76$25,171,659$0$0$11,300,245
77$27,602,155$0$0$12,396,098
78$30,276,246$0$0$13,601,939
79$33,218,642$0$0$14,928,932
80$36,456,570$0$0$16,389,376
81$40,020,030$0$0$17,996,822
82$43,942,077$0$0$19,766,203
83$48,259,133$0$0$21,713,972
84$53,011,331$0$0$23,858,260
85$58,242,890$0$0$26,219,044
86$64,002,536$0$0$28,818,335
87$70,343,961$0$0$31,680,390
88$77,326,327$0$0$34,831,936
89$85,014,822$0$0$38,302,425
90$93,481,283$0$0$42,124,308
91$102,804,863$0$0$46,333,348
92$113,072,786$0$0$50,968,948
93$124,381,165$0$0$56,074,533
94$136,835,909$0$0$61,697,949
95$150,553,725$0$0$67,891,924
96$165,663,216$0$0$74,714,560
97$182,306,095$0$0$82,229,880
98$200,638,522$0$0$90,508,438
99$220,832,578$0$0$99,627,979
100$243,077,890$0$0$109,674,175