Can I retire at age 30 with 664,000?

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 $664,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$54,832$54,344$53,868$53,402$52,948$51,986
2 years$27,145$26,639$26,149$25,674$25,213$24,247
3 years$17,917$17,409$16,920$16,450$15,996$15,056
4 years$13,304$12,797$12,314$11,851$11,409$10,502
5 years$10,537$10,033$9,556$9,103$8,673$7,802
6 years$8,692$8,193$7,723$7,280$6,862$6,029
7 years$7,376$6,880$6,418$5,985$5,581$4,785
8 years$6,389$5,898$5,443$5,021$4,630$3,871
9 years$5,621$5,135$4,688$4,276$3,899$3,177
10 years$5,008$4,526$4,087$3,686$3,322$2,636
11 years$4,506$4,030$3,598$3,208$2,857$2,207
12 years$4,088$3,617$3,193$2,814$2,476$1,860
13 years$3,735$3,268$2,853$2,484$2,159$1,577
14 years$3,433$2,971$2,563$2,205$1,893$1,343
15 years$3,171$2,714$2,314$1,967$1,666$1,148
16 years$2,942$2,490$2,098$1,761$1,473$984
17 years$2,740$2,293$1,909$1,582$1,306$846
18 years$2,561$2,119$1,743$1,426$1,161$729
19 years$2,401$1,964$1,596$1,288$1,035$630
20 years$2,257$1,825$1,464$1,167$924$545
21 years$2,127$1,700$1,347$1,059$827$472
22 years$2,009$1,587$1,241$963$742$409
23 years$1,901$1,484$1,146$877$666$355
24 years$1,802$1,390$1,060$800$598$309
25 years$1,712$1,305$982$730$538$268
26 years$1,628$1,226$911$668$485$234
27 years$1,551$1,154$846$611$437$203
28 years$1,480$1,088$786$560$395$177
29 years$1,413$1,026$732$514$356$154
30 years$1,352$969$681$471$322$135
31 years$1,294$916$635$433$291$117
32 years$1,240$867$593$398$263$102
33 years$1,189$821$553$366$238$89
34 years$1,142$778$517$337$216$78
35 years$1,097$738$483$310$195$68
36 years$1,055$700$452$285$177$59
37 years$1,015$665$423$263$160$52
38 years$977$632$396$242$145$45
39 years$942$601$371$223$132$40
40 years$908$572$348$206$120$35
41 years$876$544$326$190$109$30
42 years$845$518$306$176$98$26
43 years$816$494$287$162$89$23
44 years$789$471$270$150$81$20
45 years$763$449$253$138$74$18
46 years$738$428$238$128$67$15
47 years$714$409$223$118$61$13
48 years$691$390$210$109$55$12
49 years$669$373$197$101$50$10
50 years$648$356$186$93$45$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $664,000, adding $2,939 every year, while hoping to spend $24,877 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: 58/17/25 Blend
29$664,000$664,000$664,000$664,000
30$734,760$699,568$689,276$772,244
31$783,236$707,377$685,897$805,987
32$835,823$714,736$681,572$839,856
33$892,915$721,596$676,242$876,258
34$954,942$727,904$669,846$915,443
35$1,022,381$733,606$662,321$957,690
36$1,095,755$738,644$653,600$1,003,304
37$1,175,640$742,955$643,613$1,052,626
38$1,262,669$746,473$632,288$1,106,028
39$1,357,538$749,128$619,547$1,163,925
40$1,461,016$750,844$605,310$1,226,772
41$1,573,946$751,542$589,495$1,295,074
42$1,697,258$751,137$572,012$1,369,388
43$1,831,975$749,539$552,771$1,450,326
44$1,979,223$746,654$531,676$1,538,568
45$2,140,244$742,379$508,627$1,634,863
46$2,316,401$736,608$483,518$1,740,036
47$2,509,198$729,226$456,240$1,855,001
48$2,720,291$720,113$426,680$1,980,765
49$2,951,503$709,141$394,716$2,118,438
50$3,204,842$696,175$360,224$2,269,248
51$3,482,518$681,070$323,074$2,434,550
52$3,786,967$663,674$283,129$2,615,836
53$4,120,871$643,827$240,246$2,814,756
54$4,487,183$621,357$194,278$3,033,129
55$4,889,157$596,086$145,068$3,272,962
56$5,330,377$567,820$92,454$3,536,472
57$5,814,792$536,360$36,268$3,826,100
58$6,346,750$501,490$0$4,144,543
59$6,931,040$462,985$0$4,501,096
60$7,572,942$420,607$0$4,903,454
61$8,278,268$374,103$0$5,345,603
62$9,053,423$323,206$0$5,831,588
63$9,905,464$267,634$0$6,365,870
64$10,842,163$207,090$0$6,953,364
65$11,872,085$141,259$0$7,599,486
66$13,004,666$69,809$0$8,310,207
67$14,250,301$0$0$9,092,111
68$15,620,445$0$0$9,953,874
69$17,127,717$0$0$10,916,314
70$18,786,021$0$0$11,975,258
71$20,610,677$0$0$13,140,497
72$22,618,565$0$0$14,422,819
73$24,828,285$0$0$15,834,110
74$27,260,328$0$0$17,387,468
75$29,937,276$0$0$19,097,324
76$32,884,009$0$0$20,979,581
77$36,127,943$0$0$23,051,759
78$39,699,285$0$0$25,333,165
79$43,631,323$0$0$27,845,073
80$47,960,733$0$0$30,610,926
81$52,727,933$0$0$33,656,554
82$57,977,456$0$0$37,010,421
83$63,758,375$0$0$40,703,890
84$70,124,765$0$0$44,771,523
85$77,136,213$0$0$49,251,403
86$84,858,379$0$0$54,185,497
87$93,363,614$0$0$59,620,047
88$102,731,649$0$0$65,606,011
89$113,050,339$0$0$72,199,543
90$124,416,498$0$0$79,462,519
91$136,936,808$0$0$87,463,125
92$150,728,829$0$0$96,276,499
93$165,922,107$0$0$105,985,439
94$182,659,395$0$0$116,681,186
95$201,098,004$0$0$128,464,285
96$221,411,283$0$0$141,445,530
97$243,790,257$0$0$155,747,017
98$268,445,429$0$0$171,503,286
99$295,608,768$0$0$188,862,603
100$325,535,898$0$0$207,988,349