Can I retire at age 30 with 653,000?

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 $653,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$53,924$53,444$52,975$52,518$52,071$51,506
2 years$26,695$26,198$25,716$25,249$24,796$24,227
3 years$17,620$17,121$16,640$16,177$15,731$15,176
4 years$13,083$12,585$12,110$11,655$11,220$10,683
5 years$10,362$9,867$9,398$8,952$8,529$8,011
6 years$8,548$8,057$7,595$7,159$6,749$6,251
7 years$7,253$6,766$6,311$5,886$5,489$5,012
8 years$6,283$5,800$5,352$4,937$4,553$4,097
9 years$5,528$5,050$4,610$4,206$3,835$3,398
10 years$4,925$4,451$4,019$3,625$3,267$2,851
11 years$4,431$3,963$3,538$3,155$2,810$2,413
12 years$4,021$3,557$3,140$2,767$2,435$2,058
13 years$3,673$3,214$2,806$2,443$2,123$1,765
14 years$3,376$2,922$2,521$2,169$1,861$1,521
15 years$3,118$2,669$2,276$1,934$1,639$1,316
16 years$2,893$2,449$2,063$1,732$1,448$1,143
17 years$2,695$2,255$1,878$1,556$1,284$996
18 years$2,518$2,084$1,714$1,402$1,142$869
19 years$2,361$1,931$1,569$1,267$1,018$761
20 years$2,219$1,795$1,440$1,148$909$667
21 years$2,091$1,672$1,325$1,042$814$585
22 years$1,975$1,560$1,221$947$729$515
23 years$1,869$1,459$1,127$862$655$453
24 years$1,773$1,367$1,042$787$588$399
25 years$1,684$1,283$966$718$529$352
26 years$1,602$1,206$896$657$477$311
27 years$1,526$1,135$832$601$430$275
28 years$1,455$1,070$773$551$388$243
29 years$1,390$1,009$719$505$350$215
30 years$1,329$953$670$464$317$190
31 years$1,272$901$625$426$286$168
32 years$1,219$852$583$391$259$149
33 years$1,169$807$544$360$234$132
34 years$1,123$765$508$331$212$117
35 years$1,079$726$475$305$192$104
36 years$1,037$689$445$281$174$92
37 years$998$654$416$259$158$81
38 years$961$622$390$238$143$72
39 years$926$591$365$220$130$64
40 years$893$562$342$203$118$57
41 years$861$535$321$187$107$50
42 years$831$510$301$173$97$45
43 years$803$486$283$159$88$40
44 years$776$463$265$147$80$35
45 years$750$442$249$136$72$31
46 years$725$421$234$126$66$28
47 years$702$402$220$116$60$25
48 years$680$384$206$107$54$22
49 years$658$366$194$99$49$19
50 years$638$350$182$92$45$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $653,000, adding $4,713 every year, while hoping to spend $27,440 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: 38/33/29 Blend
29$653,000$653,000$653,000$653,000
30$724,467$689,858$679,737$745,599
31$769,167$694,466$673,312$766,189
32$817,507$698,379$665,753$785,580
33$869,828$701,535$656,991$806,018
34$926,508$703,868$646,957$827,616
35$987,959$705,305$635,578$850,502
36$1,054,638$705,772$622,777$874,817
37$1,127,044$705,187$608,473$900,717
38$1,205,727$703,466$592,582$928,380
39$1,291,294$700,519$575,015$958,000
40$1,384,410$696,248$555,682$989,797
41$1,485,807$690,552$534,485$1,024,012
42$1,596,293$683,323$511,325$1,060,916
43$1,716,756$674,446$486,094$1,100,809
44$1,848,171$663,799$458,684$1,144,026
45$1,991,613$651,255$428,980$1,190,938
46$2,148,268$636,676$396,860$1,241,957
47$2,319,437$619,919$362,201$1,297,542
48$2,506,554$600,830$324,869$1,358,200
49$2,711,199$579,247$284,729$1,424,496
50$2,935,111$555,000$241,637$1,497,056
51$3,180,204$527,906$195,443$1,576,574
52$3,448,586$497,775$145,992$1,663,821
53$3,742,579$464,404$93,120$1,759,649
54$4,064,741$427,578$36,658$1,865,004
55$4,417,885$387,070$0$1,980,933
56$4,805,115$342,642$0$2,115,900
57$5,229,845$294,039$0$2,276,466
58$5,695,837$240,996$0$2,452,759
59$6,207,237$183,228$0$2,646,415
60$6,768,607$120,439$0$2,859,244
61$7,384,976$52,312$0$3,093,239
62$8,061,883$0$0$3,350,606
63$8,805,429$0$0$3,641,580
64$9,622,336$0$0$3,982,226
65$10,520,008$0$0$4,356,647
66$11,506,603$0$0$4,768,259
67$12,591,107$0$0$5,220,823
68$13,783,422$0$0$5,718,484
69$15,094,456$0$0$6,265,809
70$16,536,226$0$0$6,867,828
71$18,121,975$0$0$7,530,084
72$19,866,290$0$0$8,258,685
73$21,785,245$0$0$9,060,360
74$23,896,550$0$0$9,942,524
75$26,219,719$0$0$10,913,345
76$28,776,250$0$0$11,981,826
77$31,589,835$0$0$13,157,885
78$34,686,576$0$0$14,452,450
79$38,095,233$0$0$15,877,563
80$41,847,498$0$0$17,446,492
81$45,978,290$0$0$19,173,860
82$50,526,087$0$0$21,075,775
83$55,533,287$0$0$23,169,990
84$61,046,607$0$0$25,476,066
85$67,117,527$0$0$28,015,559
86$73,802,773$0$0$30,812,219
87$81,164,850$0$0$33,892,220
88$89,272,636$0$0$37,284,400
89$98,202,029$0$0$41,020,541
90$108,036,662$0$0$45,135,663
91$118,868,697$0$0$49,668,354
92$130,799,686$0$0$54,661,138
93$143,941,537$0$0$60,160,874
94$158,417,566$0$0$66,219,200
95$174,363,660$0$0$72,893,014
96$191,929,562$0$0$80,245,021
97$211,280,282$0$0$88,344,315
98$232,597,653$0$0$97,267,038
99$256,082,050$0$0$107,097,094
100$281,954,278$0$0$117,926,943