Can I retire at age 30 with 650,000?

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 $650,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$53,676$53,198$52,732$52,276$51,832$51,057
2 years$26,572$26,078$25,598$25,133$24,682$23,903
3 years$17,539$17,042$16,564$16,103$15,659$14,901
4 years$13,023$12,528$12,054$11,601$11,168$10,436
5 years$10,314$9,822$9,354$8,911$8,490$7,786
6 years$8,509$8,020$7,560$7,126$6,718$6,042
7 years$7,220$6,735$6,282$5,859$5,463$4,817
8 years$6,254$5,773$5,328$4,915$4,532$3,915
9 years$5,503$5,027$4,589$4,186$3,817$3,229
10 years$4,902$4,431$4,001$3,609$3,252$2,692
11 years$4,411$3,945$3,522$3,141$2,797$2,265
12 years$4,002$3,540$3,126$2,755$2,424$1,919
13 years$3,656$3,200$2,793$2,432$2,114$1,635
14 years$3,360$2,908$2,509$2,159$1,853$1,400
15 years$3,104$2,657$2,266$1,925$1,631$1,203
16 years$2,880$2,438$2,054$1,724$1,442$1,038
17 years$2,682$2,245$1,869$1,549$1,278$897
18 years$2,507$2,074$1,706$1,396$1,137$778
19 years$2,350$1,923$1,562$1,261$1,013$676
20 years$2,209$1,786$1,433$1,142$905$588
21 years$2,082$1,664$1,319$1,037$810$512
22 years$1,966$1,553$1,215$943$726$447
23 years$1,861$1,453$1,122$858$652$391
24 years$1,764$1,361$1,038$783$586$341
25 years$1,676$1,277$961$715$527$299
26 years$1,594$1,201$891$654$475$262
27 years$1,519$1,130$828$598$428$229
28 years$1,449$1,065$769$548$386$201
29 years$1,384$1,004$716$503$349$176
30 years$1,323$949$667$461$315$155
31 years$1,267$897$622$424$285$136
32 years$1,214$848$580$390$258$119
33 years$1,164$803$542$358$233$105
34 years$1,117$762$506$330$211$92
35 years$1,074$722$473$303$191$81
36 years$1,032$686$443$279$173$71
37 years$993$651$414$257$157$63
38 years$957$619$388$237$142$55
39 years$922$588$364$219$129$48
40 years$889$560$341$202$117$43
41 years$857$533$319$186$106$37
42 years$828$508$300$172$96$33
43 years$799$484$281$159$87$29
44 years$772$461$264$146$79$26
45 years$747$440$248$135$72$22
46 years$722$419$233$125$65$20
47 years$699$400$219$115$59$17
48 years$676$382$206$107$54$15
49 years$655$365$193$99$49$13
50 years$635$348$182$91$45$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $650,000, adding $5,818 every year, while hoping to spend $20,594 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: 39/37/24 Blend
29$650,000$650,000$650,000$650,000
30$722,301$687,851$677,776$745,126
31$774,064$699,644$678,570$773,988
32$830,417$711,325$678,700$802,818
33$891,805$722,865$678,122$833,585
34$958,721$734,237$676,791$866,476
35$1,031,704$745,409$674,658$901,700
36$1,111,351$756,347$671,671$939,486
37$1,198,315$767,014$667,779$980,090
38$1,293,319$777,373$662,925$1,023,792
39$1,397,155$787,382$657,050$1,070,903
40$1,510,698$796,997$650,095$1,121,766
41$1,634,909$806,171$641,993$1,176,761
42$1,770,850$814,852$632,680$1,236,307
43$1,919,685$822,989$622,083$1,300,867
44$2,082,700$830,522$610,130$1,370,953
45$2,261,309$837,392$596,743$1,447,130
46$2,457,072$843,533$581,843$1,530,022
47$2,671,703$848,876$565,344$1,620,320
48$2,907,092$853,347$547,159$1,718,785
49$3,165,322$856,867$527,196$1,826,259
50$3,448,685$859,354$505,357$1,943,671
51$3,759,707$860,718$481,542$2,072,046
52$4,101,169$860,866$455,646$2,212,519
53$4,476,137$859,697$427,559$2,366,339
54$4,887,987$857,105$397,166$2,534,889
55$5,340,436$852,978$364,345$2,719,693
56$5,837,582$847,195$328,972$2,922,434
57$6,383,938$839,631$290,916$3,144,970
58$6,984,477$830,150$250,038$3,389,352
59$7,644,676$818,609$206,197$3,657,844
60$8,370,570$804,859$159,242$3,952,944
61$9,168,809$788,737$109,017$4,277,408
62$10,046,718$770,076$55,360$4,634,279
63$11,012,369$748,695$0$5,026,914
64$12,074,653$724,405$0$5,459,505
65$13,243,371$697,003$0$5,950,811
66$14,529,316$666,278$0$6,491,198
67$15,944,384$632,003$0$7,085,691
68$17,501,680$593,940$0$7,739,828
69$19,215,647$551,839$0$8,459,720
70$21,102,195$505,431$0$9,252,100
71$23,178,857$454,435$0$10,124,394
72$25,464,953$398,555$0$11,084,788
73$27,981,768$337,474$0$12,142,310
74$30,752,760$270,862$0$13,306,910
75$33,803,773$198,366$0$14,589,560
76$37,163,288$119,616$0$16,002,355
77$40,862,687$34,221$0$17,558,631
78$44,936,550$0$0$19,273,088
79$49,422,982$0$0$21,185,643
80$54,363,972$0$0$23,307,437
81$59,805,787$0$0$25,644,422
82$65,799,413$0$0$28,218,507
83$72,401,033$0$0$31,053,837
84$79,672,555$0$0$34,177,017
85$87,682,201$0$0$37,617,366
86$96,505,147$0$0$41,407,191
87$106,224,233$0$0$45,582,093
88$116,930,746$0$0$50,181,303
89$128,725,280$0$0$55,248,053
90$141,718,686$0$0$60,829,980
91$156,033,117$0$0$66,979,584
92$171,803,183$0$0$73,754,712
93$189,177,218$0$0$81,219,115
94$208,318,683$0$0$89,443,041
95$229,407,707$0$0$98,503,905
96$252,642,788$0$0$108,487,013
97$278,242,666$0$0$119,486,374
98$306,448,385$0$0$131,605,580
99$337,525,575$0$0$144,958,791
100$371,766,951$0$0$159,671,807