Can I retire at age 30 with 660,000?

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 $660,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$54,502$54,017$53,543$53,081$52,629$51,108
2 years$26,981$26,479$25,992$25,520$25,062$23,541
3 years$17,809$17,304$16,818$16,351$15,900$14,428
4 years$13,224$12,720$12,239$11,780$11,340$9,928
5 years$10,473$9,973$9,498$9,048$8,621$7,272
6 years$8,640$8,144$7,676$7,236$6,821$5,537
7 years$7,331$6,839$6,379$5,949$5,547$4,328
8 years$6,350$5,862$5,410$4,990$4,602$3,447
9 years$5,587$5,104$4,659$4,251$3,876$2,783
10 years$4,977$4,499$4,062$3,664$3,302$2,271
11 years$4,479$4,005$3,576$3,189$2,840$1,869
12 years$4,064$3,595$3,174$2,797$2,461$1,547
13 years$3,713$3,249$2,836$2,469$2,146$1,288
14 years$3,412$2,953$2,548$2,192$1,881$1,077
15 years$3,152$2,698$2,300$1,955$1,656$903
16 years$2,924$2,475$2,086$1,750$1,464$760
17 years$2,723$2,279$1,898$1,573$1,298$641
18 years$2,545$2,106$1,732$1,417$1,154$541
19 years$2,386$1,952$1,586$1,281$1,029$458
20 years$2,243$1,814$1,456$1,160$919$388
21 years$2,114$1,690$1,339$1,053$822$330
22 years$1,996$1,577$1,234$957$737$280
23 years$1,889$1,475$1,139$872$662$238
24 years$1,792$1,382$1,054$795$595$202
25 years$1,702$1,297$976$726$535$172
26 years$1,619$1,219$905$664$482$147
27 years$1,542$1,147$840$608$435$125
28 years$1,471$1,081$781$557$392$106
29 years$1,405$1,020$727$511$354$91
30 years$1,343$963$677$469$320$77
31 years$1,286$910$631$430$289$66
32 years$1,232$861$589$395$262$56
33 years$1,182$816$550$364$237$48
34 years$1,135$773$514$335$214$41
35 years$1,090$733$480$308$194$35
36 years$1,048$696$449$284$176$30
37 years$1,009$661$421$261$159$25
38 years$971$628$394$241$145$22
39 years$936$597$369$222$131$19
40 years$902$568$346$205$119$16
41 years$871$541$324$189$108$14
42 years$840$515$304$174$98$12
43 years$812$491$286$161$89$10
44 years$784$468$268$149$81$8
45 years$758$446$252$137$73$7
46 years$733$426$236$127$66$6
47 years$710$406$222$117$60$5
48 years$687$388$209$108$55$4
49 years$665$370$196$100$50$4
50 years$644$354$184$93$45$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $660,000, adding $3,687 every year, while hoping to spend $37,843 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: 67/21/12 Blend
29$660,000$660,000$660,000$660,000
30$731,123$696,143$685,913$777,923
31$765,433$689,989$668,627$803,399
32$801,974$682,266$649,493$826,409
33$840,934$672,856$628,409$850,595
34$882,519$661,635$605,270$876,068
35$926,953$648,472$579,964$902,953
36$974,483$633,229$552,374$931,386
37$1,025,381$615,757$522,379$961,519
38$1,079,942$595,902$489,851$993,522
39$1,138,493$573,498$454,658$1,027,583
40$1,201,391$548,370$416,660$1,063,909
41$1,269,027$520,335$375,712$1,102,732
42$1,341,833$489,196$331,664$1,144,308
43$1,420,280$454,748$284,355$1,188,920
44$1,504,890$416,771$233,622$1,236,885
45$1,596,231$375,035$179,291$1,288,551
46$1,694,931$329,296$121,182$1,344,304
47$1,801,679$279,297$59,106$1,404,575
48$1,917,232$224,764$0$1,469,836
49$2,042,423$165,410$0$1,541,529
50$2,178,166$100,932$0$1,627,459
51$2,325,469$31,007$0$1,720,720
52$2,485,438$0$0$1,822,056
53$2,659,291$0$0$1,942,617
54$2,848,369$0$0$2,081,564
55$3,054,143$0$0$2,232,818
56$3,278,237$0$0$2,397,577
57$3,522,434$0$0$2,577,157
58$3,788,699$0$0$2,773,007
59$4,079,192$0$0$2,986,724
60$4,396,293$0$0$3,220,061
61$4,742,621$0$0$3,474,953
62$5,121,058$0$0$3,753,527
63$5,534,779$0$0$4,058,125
64$5,987,277$0$0$4,391,328
65$6,482,401$0$0$4,755,974
66$7,024,386$0$0$5,155,190
67$7,617,899$0$0$5,592,422
68$8,268,076$0$0$6,071,460
69$8,980,575$0$0$6,596,481
70$9,761,628$0$0$7,172,085
71$10,618,097$0$0$7,803,338
72$11,557,540$0$0$8,495,819
73$12,588,283$0$0$9,255,674
74$13,719,496$0$0$10,089,673
75$14,961,279$0$0$11,005,272
76$16,324,760$0$0$12,010,685
77$17,822,195$0$0$13,114,961
78$19,467,086$0$0$14,328,068
79$21,274,307$0$0$15,660,986
80$23,260,245$0$0$17,125,813
81$25,442,951$0$0$18,735,875
82$27,842,313$0$0$20,505,855
83$30,480,241$0$0$22,451,929
84$33,380,876$0$0$24,591,919
85$36,570,812$0$0$26,945,459
86$40,079,352$0$0$29,534,183
87$43,938,781$0$0$32,381,927
88$48,184,667$0$0$35,514,950
89$52,856,205$0$0$38,962,189
90$57,996,576$0$0$42,755,525
91$63,653,358$0$0$46,930,085
92$69,878,979$0$0$51,524,576
93$76,731,201$0$0$56,581,645
94$84,273,675$0$0$62,148,285
95$92,576,531$0$0$68,276,274
96$101,717,046$0$0$75,022,667
97$111,780,373$0$0$82,450,332
98$122,860,336$0$0$90,628,542
99$135,060,325$0$0$99,633,630
100$148,494,261$0$0$109,549,708