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%14.3%
1 years$54,667$54,180$53,705$53,242$52,789$51,850
2 years$27,063$26,559$26,071$25,597$25,138$24,195
3 years$17,863$17,357$16,869$16,400$15,948$15,031
4 years$13,264$12,759$12,277$11,815$11,374$10,490
5 years$10,505$10,003$9,527$9,075$8,647$7,798
6 years$8,666$8,168$7,699$7,258$6,842$6,029
7 years$7,353$6,860$6,398$5,967$5,564$4,788
8 years$6,369$5,880$5,426$5,005$4,616$3,875
9 years$5,604$5,120$4,674$4,264$3,887$3,183
10 years$4,993$4,513$4,075$3,675$3,312$2,642
11 years$4,492$4,017$3,587$3,199$2,849$2,213
12 years$4,076$3,606$3,183$2,806$2,469$1,867
13 years$3,724$3,259$2,844$2,477$2,153$1,583
14 years$3,422$2,962$2,556$2,199$1,887$1,349
15 years$3,161$2,706$2,307$1,961$1,661$1,154
16 years$2,933$2,483$2,092$1,756$1,468$990
17 years$2,732$2,286$1,904$1,578$1,302$852
18 years$2,553$2,113$1,738$1,422$1,158$735
19 years$2,393$1,958$1,591$1,285$1,032$635
20 years$2,250$1,819$1,460$1,163$922$550
21 years$2,120$1,695$1,343$1,056$825$477
22 years$2,003$1,582$1,238$960$739$414
23 years$1,895$1,480$1,143$874$664$359
24 years$1,797$1,386$1,057$797$597$313
25 years$1,707$1,301$979$728$537$272
26 years$1,624$1,223$908$666$483$237
27 years$1,547$1,151$843$610$436$206
28 years$1,475$1,084$784$558$393$180
29 years$1,409$1,023$729$512$355$157
30 years$1,348$966$679$470$321$137
31 years$1,290$913$633$432$290$120
32 years$1,236$864$591$397$262$104
33 years$1,186$818$552$365$238$91
34 years$1,138$776$515$336$215$80
35 years$1,093$736$482$309$195$70
36 years$1,051$698$451$285$176$61
37 years$1,012$663$422$262$160$53
38 years$974$630$395$242$145$46
39 years$939$599$370$223$131$41
40 years$905$570$347$206$119$36
41 years$873$543$325$190$108$31
42 years$843$517$305$175$98$27
43 years$814$492$286$162$89$24
44 years$787$469$269$149$81$21
45 years$760$448$252$138$73$18
46 years$735$427$237$127$67$16
47 years$712$408$223$118$61$14
48 years$689$389$209$109$55$12
49 years$667$372$197$100$50$11
50 years$646$355$185$93$45$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $662,000, adding $2,111 every year, while hoping to spend $42,464 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: 37/42/21 Blend
29$662,000$662,000$662,000$662,000
30$731,701$696,615$686,354$754,079
31$761,154$685,568$664,166$759,501
32$792,187$672,557$639,811$761,228
33$824,917$657,439$613,172$762,228
34$859,472$640,067$584,126$762,458
35$895,989$620,281$552,546$761,879
36$934,620$597,915$518,296$760,448
37$975,529$572,791$481,237$758,124
38$1,018,897$544,721$441,222$754,868
39$1,064,920$513,508$398,098$750,637
40$1,113,813$478,941$351,706$745,394
41$1,165,812$440,799$301,878$739,100
42$1,221,174$398,847$248,440$731,719
43$1,280,181$352,838$191,210$723,218
44$1,343,141$302,510$129,998$713,566
45$1,410,394$247,585$64,606$702,735
46$1,482,310$187,773$0$690,705
47$1,559,295$122,763$0$678,617
48$1,641,795$52,230$0$680,826
49$1,730,298$0$0$682,886
50$1,825,341$0$0$696,027
51$1,927,514$0$0$736,167
52$2,037,461$0$0$779,430
53$2,155,894$0$0$826,103
54$2,283,590$0$0$876,502
55$2,421,408$0$0$930,976
56$2,570,286$0$0$989,905
57$2,731,261$0$0$1,053,710
58$2,905,466$0$0$1,122,853
59$3,094,153$0$0$1,197,841
60$3,298,694$0$0$1,279,232
61$3,520,600$0$0$1,367,640
62$3,761,532$0$0$1,463,740
63$4,023,316$0$0$1,568,275
64$4,307,963$0$0$1,682,063
65$4,617,684$0$0$1,806,003
66$4,954,910$0$0$1,941,084
67$5,322,319$0$0$2,088,396
68$5,722,858$0$0$2,249,137
69$6,159,768$0$0$2,424,627
70$6,636,618$0$0$2,616,319
71$7,157,335$0$0$2,825,811
72$7,726,246$0$0$3,054,864
73$8,348,109$0$0$3,305,416
74$9,028,166$0$0$3,579,602
75$9,772,189$0$0$3,879,771
76$10,586,531$0$0$4,208,512
77$11,478,190$0$0$4,568,673
78$12,454,871$0$0$4,963,395
79$13,525,060$0$0$5,396,132
80$14,698,101$0$0$5,870,693
81$15,984,287$0$0$6,391,270
82$17,394,953$0$0$6,962,481
83$18,942,587$0$0$7,589,413
84$20,640,939$0$0$8,277,671
85$22,505,159$0$0$9,033,427
86$24,551,933$0$0$9,863,479
87$26,799,642$0$0$10,775,319
88$29,268,535$0$0$11,777,199
89$31,980,918$0$0$12,878,208
90$34,961,364$0$0$14,088,362
91$38,236,945$0$0$15,418,694
92$41,837,486$0$0$16,881,359
93$45,795,843$0$0$18,489,749
94$50,148,217$0$0$20,258,620
95$54,934,491$0$0$22,204,228
96$60,198,606$0$0$24,344,483
97$65,988,976$0$0$26,699,121
98$72,358,942$0$0$29,289,883
99$79,367,277$0$0$32,140,728
100$87,078,734$0$0$35,278,053