Can I retire at age 30 with 631,000?

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 $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%15.1%
1 years$52,107$51,643$51,190$50,748$50,317$49,261
2 years$25,796$25,315$24,850$24,398$23,960$22,901
3 years$17,026$16,544$16,079$15,632$15,201$14,172
4 years$12,642$12,161$11,702$11,262$10,842$9,851
5 years$10,013$9,535$9,081$8,650$8,242$7,292
6 years$8,260$7,786$7,339$6,918$6,521$5,613
7 years$7,009$6,539$6,099$5,687$5,304$4,437
8 years$6,071$5,605$5,172$4,771$4,400$3,575
9 years$5,342$4,880$4,455$4,064$3,705$2,922
10 years$4,759$4,301$3,884$3,503$3,157$2,414
11 years$4,282$3,829$3,419$3,049$2,715$2,012
12 years$3,885$3,437$3,034$2,674$2,353$1,688
13 years$3,549$3,106$2,711$2,361$2,052$1,424
14 years$3,262$2,823$2,436$2,096$1,799$1,207
15 years$3,013$2,579$2,199$1,869$1,584$1,027
16 years$2,796$2,366$1,994$1,674$1,400$876
17 years$2,604$2,179$1,814$1,504$1,241$750
18 years$2,434$2,014$1,656$1,355$1,103$643
19 years$2,281$1,866$1,516$1,224$984$552
20 years$2,145$1,734$1,392$1,109$879$475
21 years$2,021$1,615$1,280$1,006$786$409
22 years$1,909$1,508$1,180$915$705$353
23 years$1,806$1,410$1,089$833$633$305
24 years$1,713$1,321$1,007$760$569$264
25 years$1,627$1,240$933$694$512$228
26 years$1,548$1,165$865$635$461$197
27 years$1,474$1,097$804$581$415$171
28 years$1,406$1,034$747$532$375$148
29 years$1,343$975$695$488$339$128
30 years$1,284$921$648$448$306$111
31 years$1,230$870$604$411$277$96
32 years$1,178$824$563$378$250$84
33 years$1,130$780$526$348$226$72
34 years$1,085$739$491$320$205$63
35 years$1,042$701$459$295$186$55
36 years$1,002$666$430$271$168$47
37 years$964$632$402$250$152$41
38 years$929$601$377$230$138$36
39 years$895$571$353$212$125$31
40 years$863$543$331$196$114$27
41 years$832$517$310$181$103$23
42 years$803$493$291$167$94$20
43 years$776$469$273$154$85$18
44 years$750$447$256$142$77$15
45 years$725$427$241$131$70$13
46 years$701$407$226$121$64$12
47 years$678$388$212$112$58$10
48 years$657$371$200$104$52$9
49 years$636$354$188$96$48$8
50 years$616$338$176$88$43$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $631,000, adding $4,876 every year, while hoping to spend $51,303 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: 73/21/6 Blend
29$631,000$631,000$631,000$631,000
30$700,392$666,949$657,168$750,674
31$717,246$645,043$624,597$762,559
32$734,099$620,345$589,216$768,631
33$750,898$592,663$550,875$773,824
34$767,581$561,794$509,421$778,033
35$784,079$527,527$464,691$781,146
36$800,313$489,633$416,516$783,039
37$816,194$447,875$364,719$783,579
38$831,625$402,000$309,116$782,618
39$846,493$351,740$249,514$779,996
40$860,674$296,814$185,711$775,540
41$874,028$236,924$117,498$769,057
42$886,400$171,754$44,655$760,340
43$897,615$100,972$0$749,161
44$907,480$24,227$0$737,390
45$915,777$0$0$725,827
46$922,267$0$0$724,930
47$926,680$0$0$727,945
48$928,719$0$0$729,033
49$928,053$0$0$727,928
50$924,314$0$0$724,332
51$917,094$0$0$717,918
52$905,940$0$0$708,320
53$890,351$0$0$695,134
54$869,770$0$0$677,912
55$843,580$0$0$656,158
56$811,100$0$0$629,321
57$771,573$0$0$596,793
58$724,163$0$0$557,901
59$667,945$0$0$511,899
60$601,895$0$0$457,963
61$524,881$0$0$395,182
62$435,652$0$0$322,548
63$332,825$0$0$238,948
64$214,870$0$0$143,151
65$80,099$0$0$33,798
66$0$0$0$0
67$0$0$0$0
68$0$0$0$0
69$0$0$0$0
70$0$0$0$0
71$0$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0