Can I retire at age 30 with 655,000?

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 $655,000?

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$54,089$53,607$53,137$52,679$52,231$51,302
2 years$26,777$26,278$25,795$25,326$24,872$23,939
3 years$17,674$17,173$16,691$16,227$15,780$14,873
4 years$13,123$12,624$12,147$11,690$11,254$10,379
5 years$10,394$9,897$9,426$8,979$8,555$7,715
6 years$8,575$8,082$7,618$7,181$6,769$5,965
7 years$7,276$6,787$6,331$5,904$5,505$4,737
8 years$6,302$5,818$5,369$4,953$4,567$3,835
9 years$5,545$5,066$4,624$4,218$3,846$3,149
10 years$4,940$4,465$4,031$3,636$3,277$2,615
11 years$4,445$3,975$3,549$3,165$2,819$2,190
12 years$4,033$3,568$3,150$2,776$2,442$1,847
13 years$3,684$3,224$2,814$2,451$2,130$1,566
14 years$3,386$2,931$2,529$2,175$1,867$1,335
15 years$3,128$2,677$2,283$1,940$1,644$1,142
16 years$2,902$2,456$2,070$1,737$1,453$980
17 years$2,703$2,262$1,883$1,561$1,288$843
18 years$2,526$2,090$1,719$1,407$1,145$727
19 years$2,368$1,937$1,574$1,271$1,021$628
20 years$2,226$1,800$1,445$1,151$912$544
21 years$2,098$1,677$1,329$1,045$816$472
22 years$1,981$1,565$1,225$950$731$409
23 years$1,875$1,464$1,131$865$657$356
24 years$1,778$1,372$1,046$789$590$309
25 years$1,689$1,287$969$721$531$269
26 years$1,606$1,210$898$659$478$234
27 years$1,530$1,139$834$603$431$204
28 years$1,460$1,073$775$553$389$178
29 years$1,394$1,012$722$507$351$155
30 years$1,333$956$672$465$318$136
31 years$1,276$904$627$427$287$118
32 years$1,223$855$585$392$260$103
33 years$1,173$810$546$361$235$90
34 years$1,126$767$510$332$213$79
35 years$1,082$728$477$306$193$69
36 years$1,040$691$446$282$175$60
37 years$1,001$656$418$259$158$53
38 years$964$624$391$239$143$46
39 years$929$593$366$220$130$40
40 years$895$564$343$203$118$35
41 years$864$537$322$188$107$31
42 years$834$511$302$173$97$27
43 years$805$487$283$160$88$23
44 years$778$464$266$148$80$21
45 years$752$443$250$136$73$18
46 years$728$423$235$126$66$16
47 years$704$403$220$116$60$14
48 years$682$385$207$107$54$12
49 years$660$368$195$99$49$11
50 years$640$351$183$92$45$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $655,000, adding $3,076 every year, while hoping to spend $46,798 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: 48/47/5 Blend
29$655,000$655,000$655,000$655,000
30$724,983$690,268$680,115$758,721
31$749,138$674,298$653,107$766,131
32$774,189$655,978$623,624$768,941
33$800,178$635,142$591,537$770,876
34$827,148$611,616$556,705$771,866
35$855,148$585,216$518,986$771,839
36$884,228$555,746$478,227$770,716
37$914,442$523,001$434,271$768,418
38$945,850$486,762$386,953$764,858
39$978,512$446,799$336,102$759,948
40$1,012,496$402,868$281,536$753,593
41$1,047,872$354,710$223,070$745,694
42$1,084,718$302,054$160,505$736,147
43$1,123,116$244,611$93,639$724,845
44$1,163,155$182,079$22,257$711,672
45$1,204,931$114,134$0$696,511
46$1,248,546$40,440$0$682,112
47$1,294,113$0$0$666,925
48$1,341,751$0$0$669,995
49$1,391,591$0$0$695,107
50$1,443,774$0$0$721,418
51$1,498,452$0$0$749,009
52$1,555,790$0$0$777,965
53$1,615,969$0$0$808,380
54$1,679,183$0$0$840,356
55$1,745,644$0$0$874,003
56$1,815,582$0$0$909,442
57$1,889,248$0$0$946,804
58$1,966,914$0$0$986,232
59$2,048,880$0$0$1,027,882
60$2,135,468$0$0$1,071,923
61$2,227,032$0$0$1,118,541
62$2,323,959$0$0$1,167,938
63$2,426,670$0$0$1,220,336
64$2,535,627$0$0$1,275,976
65$2,651,332$0$0$1,335,123
66$2,774,337$0$0$1,398,067
67$2,905,244$0$0$1,465,124
68$3,044,714$0$0$1,536,642
69$3,193,468$0$0$1,612,999
70$3,352,298$0$0$1,694,613
71$3,522,071$0$0$1,781,940
72$3,703,738$0$0$1,875,480
73$3,898,341$0$0$1,975,782
74$4,107,024$0$0$2,083,449
75$4,331,040$0$0$2,199,141
76$4,571,767$0$0$2,323,584
77$4,830,715$0$0$2,457,574
78$5,109,543$0$0$2,601,987
79$5,410,074$0$0$2,757,782
80$5,734,309$0$0$2,926,015
81$6,084,447$0$0$3,107,847
82$6,462,904$0$0$3,304,552
83$6,872,336$0$0$3,517,532
84$7,315,661$0$0$3,748,327
85$7,796,089$0$0$3,998,632
86$8,317,150$0$0$4,270,308
87$8,882,723$0$0$4,565,406
88$9,497,077$0$0$4,886,179
89$10,164,907$0$0$5,235,107
90$10,891,379$0$0$5,614,917
91$11,682,174$0$0$6,028,611
92$12,543,547$0$0$6,479,493
93$13,482,378$0$0$6,971,198
94$14,506,241$0$0$7,507,726
95$15,623,471$0$0$8,093,483
96$16,843,242$0$0$8,733,316
97$18,175,654$0$0$9,432,562
98$19,631,826$0$0$10,197,097
99$21,223,999$0$0$11,033,391
100$22,965,650$0$0$11,948,567