Can I retire at age 30 with 631,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $631,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$52,107$51,643$51,190$50,748$50,317$49,565
2 years$25,796$25,315$24,850$24,398$23,960$23,205
3 years$17,026$16,544$16,079$15,632$15,201$14,465
4 years$12,642$12,161$11,702$11,262$10,842$10,131
5 years$10,013$9,535$9,081$8,650$8,242$7,558
6 years$8,260$7,786$7,339$6,918$6,521$5,866
7 years$7,009$6,539$6,099$5,687$5,304$4,676
8 years$6,071$5,605$5,172$4,771$4,400$3,801
9 years$5,342$4,880$4,455$4,064$3,705$3,134
10 years$4,759$4,301$3,884$3,503$3,157$2,614
11 years$4,282$3,829$3,419$3,049$2,715$2,199
12 years$3,885$3,437$3,034$2,674$2,353$1,863
13 years$3,549$3,106$2,711$2,361$2,052$1,587
14 years$3,262$2,823$2,436$2,096$1,799$1,359
15 years$3,013$2,579$2,199$1,869$1,584$1,168
16 years$2,796$2,366$1,994$1,674$1,400$1,007
17 years$2,604$2,179$1,814$1,504$1,241$871
18 years$2,434$2,014$1,656$1,355$1,103$755
19 years$2,281$1,866$1,516$1,224$984$656
20 years$2,145$1,734$1,392$1,109$879$571
21 years$2,021$1,615$1,280$1,006$786$497
22 years$1,909$1,508$1,180$915$705$434
23 years$1,806$1,410$1,089$833$633$379
24 years$1,713$1,321$1,007$760$569$331
25 years$1,627$1,240$933$694$512$290
26 years$1,548$1,165$865$635$461$254
27 years$1,474$1,097$804$581$415$223
28 years$1,406$1,034$747$532$375$195
29 years$1,343$975$695$488$339$171
30 years$1,284$921$648$448$306$150
31 years$1,230$870$604$411$277$132
32 years$1,178$824$563$378$250$116
33 years$1,130$780$526$348$226$102
34 years$1,085$739$491$320$205$89
35 years$1,042$701$459$295$186$79
36 years$1,002$666$430$271$168$69
37 years$964$632$402$250$152$61
38 years$929$601$377$230$138$53
39 years$895$571$353$212$125$47
40 years$863$543$331$196$114$41
41 years$832$517$310$181$103$36
42 years$803$493$291$167$94$32
43 years$776$469$273$154$85$28
44 years$750$447$256$142$77$25
45 years$725$427$241$131$70$22
46 years$701$407$226$121$64$19
47 years$678$388$212$112$58$17
48 years$657$371$200$104$52$15
49 years$636$354$188$96$48$13
50 years$616$338$176$88$43$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $631,000, adding $2,928 every year, while hoping to spend $22,972 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: 28/47/25 Blend
29$631,000$631,000$631,000$631,000
30$698,382$664,939$655,159$712,423
31$745,175$673,079$652,665$731,877
32$795,971$680,848$649,317$750,562
33$851,154$688,204$645,063$770,165
34$911,146$695,100$639,847$790,778
35$976,413$701,490$633,612$812,506
36$1,047,465$707,321$626,296$835,467
37$1,124,866$712,539$617,836$859,790
38$1,209,234$717,085$608,165$885,621
39$1,301,250$720,897$597,213$913,121
40$1,401,666$723,909$584,908$942,470
41$1,511,307$726,051$571,173$973,869
42$1,631,080$727,248$555,928$1,007,541
43$1,761,988$727,421$539,089$1,043,733
44$1,905,132$726,485$520,569$1,082,722
45$2,061,723$724,351$500,276$1,124,814
46$2,233,099$720,924$478,115$1,170,349
47$2,420,729$716,103$453,986$1,219,706
48$2,626,232$709,781$427,784$1,273,305
49$2,851,392$701,845$399,399$1,331,612
50$3,098,174$692,175$368,718$1,395,145
51$3,368,739$680,642$335,621$1,464,477
52$3,665,470$667,114$299,984$1,540,244
53$3,990,990$651,445$261,677$1,623,152
54$4,348,191$633,485$220,563$1,713,984
55$4,740,255$613,075$176,500$1,813,606
56$5,170,688$590,043$129,340$1,922,977
57$5,643,355$564,211$78,929$2,043,162
58$6,162,508$535,389$25,105$2,175,339
59$6,732,837$503,375$0$2,320,810
60$7,359,504$467,959$0$2,489,645
61$8,048,199$428,914$0$2,682,523
62$8,805,188$386,004$0$2,894,557
63$9,637,377$338,978$0$3,127,752
64$10,552,372$287,570$0$3,384,325
65$11,558,553$231,500$0$3,666,723
66$12,665,155$170,474$0$3,977,650
67$13,882,351$104,177$0$4,320,089
68$15,221,350$32,280$0$4,697,337
69$16,694,500$0$0$5,113,031
70$18,315,410$0$0$5,594,754
71$20,099,072$0$0$6,143,336
72$22,062,006$0$0$6,747,179
73$24,222,413$0$0$7,411,895
74$26,600,349$0$0$8,143,673
75$29,217,913$0$0$8,949,328
76$32,099,455$0$0$9,836,373
77$35,271,805$0$0$10,813,084
78$38,764,529$0$0$11,888,581
79$42,610,203$0$0$13,072,916
80$46,844,724$0$0$14,377,161
81$51,507,647$0$0$15,813,519
82$56,642,558$0$0$17,395,437
83$62,297,486$0$0$19,137,732
84$68,525,354$0$0$21,056,733
85$75,384,480$0$0$23,170,430
86$82,939,128$0$0$25,498,651
87$91,260,111$0$0$28,063,243
88$100,425,462$0$0$30,888,280
89$110,521,169$0$0$34,000,293
90$121,641,985$0$0$37,428,515
91$133,892,326$0$0$41,205,162
92$147,387,252$0$0$45,365,734
93$162,253,554$0$0$49,949,350
94$178,630,952$0$0$54,999,118
95$196,673,412$0$0$60,562,543
96$216,550,600$0$0$66,691,974
97$238,449,480$0$0$73,445,095
98$262,576,084$0$0$80,885,478
99$289,157,451$0$0$89,083,172
100$318,443,774$0$0$98,115,373