Can I retire at age 30 with 662,000?

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 $662,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$54,667$54,180$53,705$53,242$52,789$51,639
2 years$27,063$26,559$26,071$25,597$25,138$23,984
3 years$17,863$17,357$16,869$16,400$15,948$14,828
4 years$13,264$12,759$12,277$11,815$11,374$10,296
5 years$10,505$10,003$9,527$9,075$8,647$7,613
6 years$8,666$8,168$7,699$7,258$6,842$5,855
7 years$7,353$6,860$6,398$5,967$5,564$4,623
8 years$6,369$5,880$5,426$5,005$4,616$3,721
9 years$5,604$5,120$4,674$4,264$3,887$3,037
10 years$4,993$4,513$4,075$3,675$3,312$2,506
11 years$4,492$4,017$3,587$3,199$2,849$2,086
12 years$4,076$3,606$3,183$2,806$2,469$1,748
13 years$3,724$3,259$2,844$2,477$2,153$1,473
14 years$3,422$2,962$2,556$2,199$1,887$1,246
15 years$3,161$2,706$2,307$1,961$1,661$1,059
16 years$2,933$2,483$2,092$1,756$1,468$902
17 years$2,732$2,286$1,904$1,578$1,302$771
18 years$2,553$2,113$1,738$1,422$1,158$660
19 years$2,393$1,958$1,591$1,285$1,032$566
20 years$2,250$1,819$1,460$1,163$922$486
21 years$2,120$1,695$1,343$1,056$825$418
22 years$2,003$1,582$1,238$960$739$360
23 years$1,895$1,480$1,143$874$664$311
24 years$1,797$1,386$1,057$797$597$268
25 years$1,707$1,301$979$728$537$231
26 years$1,624$1,223$908$666$483$200
27 years$1,547$1,151$843$610$436$173
28 years$1,475$1,084$784$558$393$149
29 years$1,409$1,023$729$512$355$129
30 years$1,348$966$679$470$321$112
31 years$1,290$913$633$432$290$97
32 years$1,236$864$591$397$262$84
33 years$1,186$818$552$365$238$73
34 years$1,138$776$515$336$215$63
35 years$1,093$736$482$309$195$55
36 years$1,051$698$451$285$176$47
37 years$1,012$663$422$262$160$41
38 years$974$630$395$242$145$35
39 years$939$599$370$223$131$31
40 years$905$570$347$206$119$27
41 years$873$543$325$190$108$23
42 years$843$517$305$175$98$20
43 years$814$492$286$162$89$17
44 years$787$469$269$149$81$15
45 years$760$448$252$138$73$13
46 years$735$427$237$127$67$11
47 years$712$408$223$118$61$10
48 years$689$389$209$109$55$9
49 years$667$372$197$100$50$7
50 years$646$355$185$93$45$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $662,000, adding $4,536 every year, while hoping to spend $42,512 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: 55/23/22 Blend
29$662,000$662,000$662,000$662,000
30$734,203$699,117$688,856$769,952
31$763,859$688,141$666,700$783,971
32$795,116$675,203$642,377$794,370
33$828,090$660,161$615,770$804,787
34$862,913$642,866$586,755$815,236
35$899,723$623,159$555,205$825,736
36$938,675$600,875$520,985$836,308
37$979,936$575,834$483,954$846,980
38$1,023,690$547,850$443,967$857,783
39$1,070,136$516,724$400,869$868,758
40$1,119,494$482,248$354,502$879,950
41$1,172,003$444,198$304,699$891,412
42$1,227,924$402,341$251,283$903,207
43$1,287,546$356,429$194,075$915,409
44$1,351,182$306,200$132,882$928,101
45$1,419,176$251,378$67,507$941,380
46$1,491,906$191,670$0$955,358
47$1,569,786$126,767$0$970,692
48$1,653,269$56,343$0$1,003,943
49$1,742,853$0$0$1,039,466
50$1,839,085$0$0$1,082,551
51$1,942,564$0$0$1,144,258
52$2,053,949$0$0$1,210,725
53$2,173,962$0$0$1,282,389
54$2,303,398$0$0$1,359,729
55$2,443,128$0$0$1,443,274
56$2,594,111$0$0$1,533,604
57$2,757,401$0$0$1,631,355
58$2,934,156$0$0$1,737,229
59$3,125,647$0$0$1,851,995
60$3,333,275$0$0$1,976,501
61$3,558,579$0$0$2,111,678
62$3,803,250$0$0$2,258,551
63$4,069,152$0$0$2,418,246
64$4,358,332$0$0$2,592,004
65$4,673,044$0$0$2,781,188
66$5,015,765$0$0$2,987,301
67$5,389,226$0$0$3,211,994
68$5,796,428$0$0$3,457,085
69$6,240,676$0$0$3,724,576
70$6,725,608$0$0$4,016,669
71$7,255,226$0$0$4,335,789
72$7,833,939$0$0$4,684,606
73$8,466,599$0$0$5,066,060
74$9,158,549$0$0$5,483,386
75$9,915,671$0$0$5,940,148
76$10,744,442$0$0$6,440,269
77$11,651,995$0$0$6,988,071
78$12,646,184$0$0$7,588,312
79$13,735,660$0$0$8,246,233
80$14,929,949$0$0$8,967,604
81$16,239,543$0$0$9,758,784
82$17,675,998$0$0$10,626,773
83$19,252,041$0$0$11,579,283
84$20,981,694$0$0$12,624,810
85$22,880,398$0$0$13,772,711
86$24,965,165$0$0$15,033,292
87$27,254,734$0$0$16,417,910
88$29,769,747$0$0$17,939,072
89$32,532,945$0$0$19,610,559
90$35,569,380$0$0$21,447,550
91$38,906,650$0$0$23,466,772
92$42,575,161$0$0$25,686,648
93$46,608,412$0$0$28,127,480
94$51,043,308$0$0$30,811,631
95$55,920,509$0$0$33,763,743
96$61,284,815$0$0$37,010,963
97$67,185,583$0$0$40,583,205
98$73,677,195$0$0$44,513,425
99$80,819,571$0$0$48,837,936
100$88,678,728$0$0$53,596,747