Can I retire at age 30 with 661,000?

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 $661,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$54,585$54,099$53,624$53,161$52,709$52,029
2 years$27,022$26,519$26,031$25,558$25,100$24,415
3 years$17,836$17,330$16,844$16,375$15,924$15,257
4 years$13,244$12,740$12,258$11,798$11,357$10,712
5 years$10,489$9,988$9,513$9,062$8,634$8,013
6 years$8,653$8,156$7,688$7,247$6,831$6,236
7 years$7,342$6,849$6,389$5,958$5,556$4,985
8 years$6,360$5,871$5,418$4,998$4,609$4,063
9 years$5,596$5,112$4,666$4,257$3,882$3,361
10 years$4,985$4,506$4,068$3,670$3,307$2,811
11 years$4,486$4,011$3,582$3,194$2,844$2,372
12 years$4,070$3,600$3,179$2,801$2,465$2,016
13 years$3,718$3,254$2,840$2,473$2,149$1,723
14 years$3,417$2,958$2,552$2,195$1,884$1,480
15 years$3,156$2,702$2,304$1,958$1,659$1,277
16 years$2,928$2,479$2,089$1,753$1,466$1,105
17 years$2,728$2,283$1,901$1,575$1,300$959
18 years$2,549$2,109$1,735$1,420$1,156$834
19 years$2,390$1,955$1,588$1,283$1,030$727
20 years$2,247$1,817$1,458$1,162$920$635
21 years$2,117$1,692$1,341$1,054$824$556
22 years$2,000$1,580$1,236$959$738$487
23 years$1,892$1,477$1,141$873$663$427
24 years$1,794$1,384$1,055$796$596$375
25 years$1,704$1,299$977$727$536$329
26 years$1,621$1,221$906$665$483$289
27 years$1,544$1,149$842$609$435$255
28 years$1,473$1,083$783$558$393$224
29 years$1,407$1,021$728$511$355$197
30 years$1,346$965$678$469$320$174
31 years$1,288$912$632$431$290$153
32 years$1,234$863$590$396$262$135
33 years$1,184$817$551$364$237$119
34 years$1,136$774$515$335$215$105
35 years$1,092$735$481$309$194$93
36 years$1,050$697$450$284$176$82
37 years$1,010$662$421$262$160$72
38 years$973$629$395$241$145$64
39 years$937$598$370$222$131$57
40 years$904$569$346$205$119$50
41 years$872$542$325$189$108$44
42 years$842$516$305$175$98$39
43 years$813$492$286$161$89$34
44 years$785$469$268$149$81$30
45 years$759$447$252$138$73$27
46 years$734$426$237$127$67$24
47 years$711$407$222$117$60$21
48 years$688$388$209$108$55$19
49 years$666$371$196$100$50$16
50 years$645$354$185$93$45$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $661,000, adding $4,228 every year, while hoping to spend $33,507 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: 90/5/5 Blend
29$661,000$661,000$661,000$661,000
30$732,783$697,750$687,505$798,480
31$771,876$696,289$674,885$840,361
32$813,833$693,633$660,719$881,211
33$858,911$689,688$644,921$925,007
34$907,393$684,355$627,398$972,021
35$959,587$677,529$608,056$1,022,548
36$1,015,834$669,096$586,795$1,076,914
37$1,076,506$658,939$563,510$1,135,479
38$1,142,014$646,932$538,092$1,198,636
39$1,212,809$632,941$510,427$1,266,821
40$1,289,385$616,825$480,396$1,340,510
41$1,372,288$598,435$447,875$1,420,231
42$1,462,116$577,612$412,733$1,506,560
43$1,559,526$554,190$374,834$1,600,136
44$1,665,243$527,990$334,036$1,701,660
45$1,780,062$498,826$290,191$1,811,904
46$1,904,859$466,500$243,143$1,931,717
47$2,040,597$430,801$192,731$2,062,036
48$2,188,336$391,508$138,786$2,203,892
49$2,349,242$348,387$81,130$2,358,420
50$2,524,597$301,191$19,581$2,526,870
51$2,715,814$249,658$0$2,710,619
52$2,924,448$193,511$0$2,913,643
53$3,152,208$132,460$0$3,136,428
54$3,400,977$66,194$0$3,379,781
55$3,672,830$0$0$3,645,739
56$3,970,047$0$0$3,936,858
57$4,295,142$0$0$4,259,267
58$4,650,881$0$0$4,612,068
59$5,040,311$0$0$4,998,284
60$5,466,787$0$0$5,421,241
61$5,934,003$0$0$5,884,603
62$6,446,028$0$0$6,392,406
63$7,007,341$0$0$6,949,092
64$7,622,879$0$0$7,559,558
65$8,298,077$0$0$8,229,194
66$9,038,922$0$0$8,963,937
67$9,852,007$0$0$9,770,328
68$10,744,597$0$0$10,655,571
69$11,724,694$0$0$11,627,602
70$12,801,111$0$0$12,695,162
71$13,983,558$0$0$13,867,882
72$15,282,733$0$0$15,156,372
73$16,710,417$0$0$16,572,316
74$18,279,594$0$0$18,128,592
75$20,004,566$0$0$19,839,384
76$21,901,089$0$0$21,720,320
77$23,986,523$0$0$23,788,616
78$26,279,995$0$0$26,063,243
79$28,802,576$0$0$28,565,100
80$31,577,484$0$0$31,317,213
81$34,630,300$0$0$34,344,953
82$37,989,209$0$0$37,676,275
83$41,685,264$0$0$41,341,978
84$45,752,683$0$0$45,375,999
85$50,229,169$0$0$49,815,729
86$55,156,261$0$0$54,702,370
87$60,579,734$0$0$60,081,320
88$66,550,024$0$0$66,002,601
89$73,122,705$0$0$72,521,332
90$80,359,013$0$0$79,698,247
91$88,326,426$0$0$87,600,269
92$97,099,294$0$0$96,301,141
93$106,759,547$0$0$105,882,119
94$117,397,465$0$0$116,432,743
95$129,112,525$0$0$128,051,675
96$142,014,349$0$0$140,847,636
97$156,223,727$0$0$154,940,429
98$171,873,765$0$0$170,462,065
99$189,111,137$0$0$187,558,016
100$208,097,467$0$0$206,388,583