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%11.3%
1 years$54,667$54,180$53,705$53,242$52,789$52,500
2 years$27,063$26,559$26,071$25,597$25,138$24,846
3 years$17,863$17,357$16,869$16,400$15,948$15,663
4 years$13,264$12,759$12,277$11,815$11,374$11,098
5 years$10,505$10,003$9,527$9,075$8,647$8,380
6 years$8,666$8,168$7,699$7,258$6,842$6,585
7 years$7,353$6,860$6,398$5,967$5,564$5,317
8 years$6,369$5,880$5,426$5,005$4,616$4,379
9 years$5,604$5,120$4,674$4,264$3,887$3,660
10 years$4,993$4,513$4,075$3,675$3,312$3,095
11 years$4,492$4,017$3,587$3,199$2,849$2,641
12 years$4,076$3,606$3,183$2,806$2,469$2,270
13 years$3,724$3,259$2,844$2,477$2,153$1,963
14 years$3,422$2,962$2,556$2,199$1,887$1,706
15 years$3,161$2,706$2,307$1,961$1,661$1,490
16 years$2,933$2,483$2,092$1,756$1,468$1,305
17 years$2,732$2,286$1,904$1,578$1,302$1,147
18 years$2,553$2,113$1,738$1,422$1,158$1,011
19 years$2,393$1,958$1,591$1,285$1,032$893
20 years$2,250$1,819$1,460$1,163$922$790
21 years$2,120$1,695$1,343$1,056$825$700
22 years$2,003$1,582$1,238$960$739$622
23 years$1,895$1,480$1,143$874$664$553
24 years$1,797$1,386$1,057$797$597$492
25 years$1,707$1,301$979$728$537$438
26 years$1,624$1,223$908$666$483$391
27 years$1,547$1,151$843$610$436$349
28 years$1,475$1,084$784$558$393$312
29 years$1,409$1,023$729$512$355$278
30 years$1,348$966$679$470$321$249
31 years$1,290$913$633$432$290$223
32 years$1,236$864$591$397$262$199
33 years$1,186$818$552$365$238$179
34 years$1,138$776$515$336$215$160
35 years$1,093$736$482$309$195$143
36 years$1,051$698$451$285$176$128
37 years$1,012$663$422$262$160$115
38 years$974$630$395$242$145$103
39 years$939$599$370$223$131$93
40 years$905$570$347$206$119$83
41 years$873$543$325$190$108$75
42 years$843$517$305$175$98$67
43 years$814$492$286$162$89$60
44 years$787$469$269$149$81$54
45 years$760$448$252$138$73$48
46 years$735$427$237$127$67$43
47 years$712$408$223$118$61$39
48 years$689$389$209$109$55$35
49 years$667$372$197$100$50$31
50 years$646$355$185$93$45$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $662,000, adding $2,994 every year, while hoping to spend $33,758 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: 55/21/24 Blend
29$662,000$662,000$662,000$662,000
30$732,612$697,526$687,265$767,934
31$771,421$695,787$674,370$790,777
32$813,056$692,831$659,912$811,859
33$857,771$688,563$643,803$834,112
34$905,843$682,882$625,949$857,658
35$957,576$675,681$606,256$882,635
36$1,013,306$666,846$584,623$909,196
37$1,073,399$656,257$560,943$937,510
38$1,138,258$643,786$535,108$967,768
39$1,208,328$629,299$507,001$1,000,178
40$1,284,094$612,651$476,502$1,034,976
41$1,366,093$593,693$443,486$1,072,421
42$1,454,913$572,262$407,822$1,112,803
43$1,551,201$548,190$369,371$1,156,441
44$1,655,669$521,297$327,990$1,203,693
45$1,769,099$491,392$283,530$1,254,954
46$1,892,353$458,276$235,834$1,310,662
47$2,026,377$421,736$184,738$1,371,305
48$2,172,213$381,546$130,072$1,437,422
49$2,331,007$337,471$71,658$1,509,611
50$2,504,022$289,258$9,310$1,588,537
51$2,692,643$236,643$0$1,674,933
52$2,898,401$179,347$0$1,784,269
53$3,122,976$117,073$0$1,906,289
54$3,368,219$49,509$0$2,039,658
55$3,636,168$0$0$2,185,539
56$3,929,065$0$0$2,350,686
57$4,249,382$0$0$2,543,862
58$4,599,837$0$0$2,755,274
59$4,983,424$0$0$2,986,737
60$5,403,441$0$0$3,240,247
61$5,863,519$0$0$3,518,005
62$6,367,655$0$0$3,822,432
63$6,920,255$0$0$4,156,197
64$7,526,167$0$0$4,522,238
65$8,190,733$0$0$4,923,791
66$8,919,838$0$0$5,364,422
67$9,719,961$0$0$5,848,057
68$10,598,241$0$0$6,379,022
69$11,562,541$0$0$6,962,080
70$12,621,524$0$0$7,602,481
71$13,784,730$0$0$8,306,007
72$15,062,671$0$0$9,079,026
73$16,466,927$0$0$9,928,556
74$18,010,255$0$0$10,862,327
75$19,706,708$0$0$11,888,857
76$21,571,772$0$0$13,017,527
77$23,622,503$0$0$14,258,676
78$25,877,697$0$0$15,623,693
79$28,358,061$0$0$17,125,127
80$31,086,408$0$0$18,776,803
81$34,087,875$0$0$20,593,955
82$37,390,157$0$0$22,593,367
83$41,023,769$0$0$24,793,532
84$45,022,335$0$0$27,214,827
85$49,422,899$0$0$29,879,703
86$54,266,281$0$0$32,812,898
87$59,597,460$0$0$36,041,672
88$65,465,993$0$0$39,596,059
89$71,926,489$0$0$43,509,155
90$79,039,119$0$0$47,817,427
91$86,870,185$0$0$52,561,058
92$95,492,746$0$0$57,784,327
93$104,987,305$0$0$63,536,024
94$115,442,569$0$0$69,869,911
95$126,956,287$0$0$76,845,230
96$139,636,169$0$0$84,527,263
97$153,600,904$0$0$92,987,943
98$168,981,281$0$0$102,306,539
99$185,921,419$0$0$112,570,396
100$204,580,128$0$0$123,875,767