Can I retire at age 30 with 664,000?

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 $664,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$54,832$54,344$53,868$53,402$52,948$51,090
2 years$27,145$26,639$26,149$25,674$25,213$23,361
3 years$17,917$17,409$16,920$16,450$15,996$14,208
4 years$13,304$12,797$12,314$11,851$11,409$9,697
5 years$10,537$10,033$9,556$9,103$8,673$7,043
6 years$8,692$8,193$7,723$7,280$6,862$5,316
7 years$7,376$6,880$6,418$5,985$5,581$4,118
8 years$6,389$5,898$5,443$5,021$4,630$3,249
9 years$5,621$5,135$4,688$4,276$3,899$2,598
10 years$5,008$4,526$4,087$3,686$3,322$2,098
11 years$4,506$4,030$3,598$3,208$2,857$1,709
12 years$4,088$3,617$3,193$2,814$2,476$1,400
13 years$3,735$3,268$2,853$2,484$2,159$1,153
14 years$3,433$2,971$2,563$2,205$1,893$953
15 years$3,171$2,714$2,314$1,967$1,666$791
16 years$2,942$2,490$2,098$1,761$1,473$657
17 years$2,740$2,293$1,909$1,582$1,306$548
18 years$2,561$2,119$1,743$1,426$1,161$457
19 years$2,401$1,964$1,596$1,288$1,035$383
20 years$2,257$1,825$1,464$1,167$924$320
21 years$2,127$1,700$1,347$1,059$827$268
22 years$2,009$1,587$1,241$963$742$225
23 years$1,901$1,484$1,146$877$666$189
24 years$1,802$1,390$1,060$800$598$159
25 years$1,712$1,305$982$730$538$133
26 years$1,628$1,226$911$668$485$112
27 years$1,551$1,154$846$611$437$94
28 years$1,480$1,088$786$560$395$79
29 years$1,413$1,026$732$514$356$67
30 years$1,352$969$681$471$322$56
31 years$1,294$916$635$433$291$47
32 years$1,240$867$593$398$263$40
33 years$1,189$821$553$366$238$33
34 years$1,142$778$517$337$216$28
35 years$1,097$738$483$310$195$24
36 years$1,055$700$452$285$177$20
37 years$1,015$665$423$263$160$17
38 years$977$632$396$242$145$14
39 years$942$601$371$223$132$12
40 years$908$572$348$206$120$10
41 years$876$544$326$190$109$8
42 years$845$518$306$176$98$7
43 years$816$494$287$162$89$6
44 years$789$471$270$150$81$5
45 years$763$449$253$138$74$4
46 years$738$428$238$128$67$4
47 years$714$409$223$118$61$3
48 years$691$390$210$109$55$3
49 years$669$373$197$101$50$2
50 years$648$356$186$93$45$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $664,000, adding $6,384 every year, while hoping to spend $33,527 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: 36/45/19 Blend
29$664,000$664,000$664,000$664,000
30$738,313$703,121$692,829$760,430
31$777,949$701,902$680,366$775,884
32$820,503$699,499$666,363$788,955
33$866,239$695,819$650,730$802,369
34$915,445$690,763$633,379$816,174
35$968,436$684,226$614,213$830,427
36$1,025,560$676,097$593,133$845,196
37$1,087,199$666,258$570,035$860,554
38$1,153,772$654,583$544,809$876,588
39$1,225,739$640,939$517,342$893,396
40$1,303,606$625,187$487,515$911,089
41$1,387,930$607,178$455,203$929,792
42$1,479,323$586,753$420,277$949,650
43$1,578,458$563,748$382,600$970,823
44$1,686,074$537,985$342,030$993,495
45$1,802,985$509,278$298,420$1,017,871
46$1,930,086$477,429$251,614$1,044,182
47$2,068,362$442,231$201,450$1,072,690
48$2,218,897$403,462$147,761$1,103,687
49$2,382,883$360,890$90,369$1,137,502
50$2,561,632$314,268$29,091$1,174,502
51$2,756,587$263,336$0$1,215,100
52$2,969,338$207,819$0$1,267,118
53$3,201,635$147,426$0$1,330,483
54$3,455,402$81,851$0$1,399,912
55$3,732,761$10,770$0$1,476,091
56$4,036,045$0$0$1,559,784
57$4,367,824$0$0$1,684,603
58$4,730,928$0$0$1,827,135
59$5,128,473$0$0$1,983,283
60$5,563,889$0$0$2,154,405
61$6,040,955$0$0$2,342,001
62$6,563,833$0$0$2,547,718
63$7,137,105$0$0$2,773,374
64$7,765,820$0$0$3,020,969
65$8,455,537$0$0$3,292,707
66$9,212,379$0$0$3,591,015
67$10,043,092$0$0$3,918,569
68$10,955,106$0$0$4,278,312
69$11,956,606$0$0$4,673,491
70$13,056,606$0$0$5,107,681
71$14,265,041$0$0$5,584,819
72$15,592,850$0$0$6,109,243
73$17,052,088$0$0$6,685,735
74$18,656,035$0$0$7,319,559
75$20,419,321$0$0$8,016,517
76$22,358,063$0$0$8,783,001
77$24,490,020$0$0$9,626,054
78$26,834,757$0$0$10,553,435
79$29,413,829$0$0$11,573,692
80$32,250,988$0$0$12,696,246
81$35,372,401$0$0$13,931,474
82$38,806,900$0$0$15,290,813
83$42,586,253$0$0$16,786,861
84$46,745,463$0$0$18,433,502
85$51,323,099$0$0$20,246,034
86$56,361,655$0$0$22,241,312
87$61,907,957$0$0$24,437,909
88$68,013,601$0$0$26,856,290
89$74,735,438$0$0$29,519,006
90$82,136,113$0$0$32,450,905
91$90,284,652$0$0$35,679,369
92$99,257,119$0$0$39,234,567
93$109,137,325$0$0$43,149,747
94$120,017,625$0$0$47,461,543
95$131,999,788$0$0$52,210,323
96$145,195,952$0$0$57,440,571
97$159,729,689$0$0$63,201,306
98$175,737,165$0$0$69,546,542
99$193,368,428$0$0$76,535,802
100$212,788,821$0$0$84,234,675