Can I retire at age 30 with 658,000?

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 $658,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$54,337$53,853$53,381$52,920$52,470$50,872
2 years$26,900$26,399$25,913$25,442$24,986$23,389
3 years$17,755$17,252$16,767$16,301$15,852$14,307
4 years$13,183$12,682$12,202$11,744$11,306$9,825
5 years$10,441$9,943$9,470$9,021$8,594$7,181
6 years$8,614$8,119$7,653$7,214$6,800$5,456
7 years$7,309$6,818$6,360$5,931$5,531$4,255
8 years$6,331$5,845$5,393$4,975$4,588$3,381
9 years$5,570$5,089$4,645$4,238$3,864$2,723
10 years$4,962$4,485$4,050$3,653$3,292$2,217
11 years$4,465$3,993$3,565$3,179$2,831$1,819
12 years$4,051$3,584$3,164$2,789$2,454$1,502
13 years$3,701$3,239$2,827$2,462$2,140$1,247
14 years$3,402$2,944$2,540$2,185$1,876$1,040
15 years$3,142$2,689$2,293$1,949$1,651$870
16 years$2,915$2,468$2,079$1,745$1,460$730
17 years$2,715$2,273$1,892$1,568$1,294$613
18 years$2,538$2,100$1,727$1,413$1,151$517
19 years$2,379$1,946$1,581$1,277$1,026$436
20 years$2,236$1,808$1,451$1,156$916$368
21 years$2,107$1,685$1,335$1,050$820$312
22 years$1,990$1,572$1,230$954$735$264
23 years$1,884$1,471$1,136$869$660$224
24 years$1,786$1,378$1,050$793$593$190
25 years$1,696$1,293$973$724$534$161
26 years$1,614$1,215$902$662$481$137
27 years$1,537$1,144$838$606$433$116
28 years$1,467$1,078$779$555$391$98
29 years$1,401$1,017$725$509$353$84
30 years$1,339$960$675$467$319$71
31 years$1,282$908$629$429$288$60
32 years$1,229$859$587$394$261$51
33 years$1,178$813$548$363$236$44
34 years$1,131$771$512$334$214$37
35 years$1,087$731$479$307$194$32
36 years$1,045$694$448$283$175$27
37 years$1,006$659$419$261$159$23
38 years$968$626$393$240$144$19
39 years$933$596$368$221$131$17
40 years$900$567$345$204$119$14
41 years$868$539$323$188$108$12
42 years$838$514$303$174$98$10
43 years$809$490$285$161$89$9
44 years$782$467$267$148$80$7
45 years$756$445$251$137$73$6
46 years$731$424$236$126$66$5
47 years$707$405$221$117$60$5
48 years$685$387$208$108$55$4
49 years$663$369$196$100$50$3
50 years$642$353$184$92$45$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $658,000, adding $2,522 every year, while hoping to spend $22,116 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: 60/10/30 Blend
29$658,000$658,000$658,000$658,000
30$727,717$692,843$682,644$765,302
31$778,413$703,262$681,982$801,699
32$833,539$713,449$680,556$838,831
33$893,523$723,371$678,317$878,898
34$958,837$732,990$675,215$922,190
35$1,029,999$742,267$671,196$969,032
36$1,107,580$751,160$666,202$1,019,777
37$1,192,209$759,623$660,176$1,074,819
38$1,284,578$767,608$653,055$1,134,591
39$1,385,447$775,063$644,775$1,199,571
40$1,495,655$781,933$635,267$1,270,285
41$1,616,124$788,160$624,461$1,347,317
42$1,747,870$793,682$612,282$1,431,308
43$1,892,012$798,431$598,652$1,522,966
44$2,049,781$802,338$583,491$1,623,074
45$2,222,533$805,327$566,712$1,732,493
46$2,411,761$807,318$548,227$1,852,175
47$2,619,111$808,226$527,942$1,983,171
48$2,846,392$807,961$505,761$2,126,637
49$3,095,601$806,428$481,580$2,283,851
50$3,368,933$803,524$455,294$2,456,222
51$3,668,809$799,141$426,791$2,645,305
52$3,997,894$793,166$395,955$2,852,813
53$4,359,124$785,476$362,664$3,080,639
54$4,755,733$775,942$326,792$3,330,866
55$5,191,283$764,429$288,205$3,605,795
56$5,669,700$750,792$246,765$3,907,964
57$6,195,305$734,876$202,328$4,240,169
58$6,772,862$716,521$154,741$4,605,496
59$7,407,617$695,553$103,848$5,007,348
60$8,105,350$671,792$49,484$5,449,476
61$8,872,431$645,045$0$5,936,017
62$9,715,874$615,107$0$6,474,265
63$10,643,410$581,764$0$7,083,601
64$11,663,554$544,787$0$7,753,774
65$12,785,691$503,936$0$8,490,963
66$14,020,158$458,955$0$9,301,976
67$15,378,345$409,576$0$10,194,317
68$16,872,805$355,513$0$11,176,252
69$18,517,363$296,465$0$12,256,894
70$20,327,258$232,116$0$13,446,283
71$22,319,278$162,129$0$14,755,484
72$24,511,921$86,150$0$16,196,690
73$26,925,570$3,804$0$17,783,338
74$29,582,684$0$0$19,530,236
75$32,508,011$0$0$21,463,091
76$35,728,820$0$0$23,591,707
77$39,275,159$0$0$25,935,532
78$43,180,137$0$0$28,516,458
79$47,480,239$0$0$31,358,607
80$52,215,667$0$0$34,488,559
81$57,430,720$0$0$37,935,604
82$63,174,214$0$0$41,732,018
83$69,499,939$0$0$45,913,366
84$76,467,170$0$0$50,518,840
85$84,141,224$0$0$55,591,624
86$92,594,074$0$0$61,179,309
87$101,905,034$0$0$67,334,333
88$112,161,502$0$0$74,114,483
89$123,459,788$0$0$81,583,439
90$135,906,020$0$0$89,811,370
91$149,617,148$0$0$98,875,603
92$164,722,046$0$0$108,861,347
93$181,362,727$0$0$119,862,500
94$199,695,688$0$0$131,982,535
95$219,893,380$0$0$145,335,477
96$242,145,842$0$0$160,046,978
97$266,662,490$0$0$176,255,500
98$293,674,097$0$0$194,113,629
99$323,434,966$0$0$213,789,510
100$356,225,336$0$0$235,468,433