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%12.6%
1 years$52,107$51,643$51,190$50,748$50,317$49,771
2 years$25,796$25,315$24,850$24,398$23,960$23,410
3 years$17,026$16,544$16,079$15,632$15,201$14,665
4 years$12,642$12,161$11,702$11,262$10,842$10,323
5 years$10,013$9,535$9,081$8,650$8,242$7,742
6 years$8,260$7,786$7,339$6,918$6,521$6,041
7 years$7,009$6,539$6,099$5,687$5,304$4,843
8 years$6,071$5,605$5,172$4,771$4,400$3,959
9 years$5,342$4,880$4,455$4,064$3,705$3,284
10 years$4,759$4,301$3,884$3,503$3,157$2,755
11 years$4,282$3,829$3,419$3,049$2,715$2,332
12 years$3,885$3,437$3,034$2,674$2,353$1,988
13 years$3,549$3,106$2,711$2,361$2,052$1,705
14 years$3,262$2,823$2,436$2,096$1,799$1,470
15 years$3,013$2,579$2,199$1,869$1,584$1,272
16 years$2,796$2,366$1,994$1,674$1,400$1,105
17 years$2,604$2,179$1,814$1,504$1,241$962
18 years$2,434$2,014$1,656$1,355$1,103$840
19 years$2,281$1,866$1,516$1,224$984$735
20 years$2,145$1,734$1,392$1,109$879$644
21 years$2,021$1,615$1,280$1,006$786$566
22 years$1,909$1,508$1,180$915$705$497
23 years$1,806$1,410$1,089$833$633$438
24 years$1,713$1,321$1,007$760$569$386
25 years$1,627$1,240$933$694$512$340
26 years$1,548$1,165$865$635$461$300
27 years$1,474$1,097$804$581$415$265
28 years$1,406$1,034$747$532$375$235
29 years$1,343$975$695$488$339$207
30 years$1,284$921$648$448$306$184
31 years$1,230$870$604$411$277$162
32 years$1,178$824$563$378$250$144
33 years$1,130$780$526$348$226$127
34 years$1,085$739$491$320$205$113
35 years$1,042$701$459$295$186$100
36 years$1,002$666$430$271$168$89
37 years$964$632$402$250$152$79
38 years$929$601$377$230$138$70
39 years$895$571$353$212$125$62
40 years$863$543$331$196$114$55
41 years$832$517$310$181$103$49
42 years$803$493$291$167$94$43
43 years$776$469$273$154$85$38
44 years$750$447$256$142$77$34
45 years$725$427$241$131$70$30
46 years$701$407$226$121$64$27
47 years$678$388$212$112$58$24
48 years$657$371$200$104$52$21
49 years$636$354$188$96$48$19
50 years$616$338$176$88$43$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $631,000, adding $6,432 every year, while hoping to spend $20,874 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: 36/42/22 Blend
29$631,000$631,000$631,000$631,000
30$701,997$668,554$658,773$722,404
31$751,390$679,103$658,632$748,480
32$805,123$689,470$657,787$774,217
33$863,614$699,623$656,192$801,579
34$927,328$709,529$653,799$830,724
35$996,772$719,152$650,558$861,827
36$1,072,507$728,456$646,416$895,081
37$1,155,151$737,398$641,319$930,701
38$1,245,381$745,935$635,208$968,924
39$1,343,946$754,022$628,024$1,010,012
40$1,451,668$761,608$619,702$1,054,255
41$1,569,453$768,642$610,176$1,101,976
42$1,698,297$775,065$599,377$1,153,527
43$1,839,300$780,820$587,233$1,209,304
44$1,993,670$785,841$573,667$1,269,739
45$2,162,738$790,062$558,599$1,335,313
46$2,347,972$793,409$541,946$1,406,557
47$2,550,985$795,806$523,621$1,484,058
48$2,773,557$797,172$503,534$1,568,465
49$3,017,645$797,419$481,588$1,660,496
50$3,285,408$796,456$457,684$1,760,943
51$3,579,222$794,184$431,719$1,870,681
52$3,901,704$790,501$403,583$1,990,680
53$4,255,737$785,294$373,162$2,122,008
54$4,644,497$778,449$340,338$2,265,848
55$5,071,483$769,840$304,987$2,423,503
56$5,540,549$759,337$266,978$2,596,417
57$6,055,941$746,800$226,178$2,786,181
58$6,622,335$732,082$182,443$2,994,554
59$7,244,886$715,027$135,628$3,223,478
60$7,929,269$695,468$85,576$3,475,097
61$8,681,740$673,231$32,129$3,751,779
62$9,509,189$648,131$0$4,056,138
63$10,419,208$619,971$0$4,396,906
64$11,420,162$588,544$0$4,779,852
65$12,521,265$553,630$0$5,200,982
66$13,732,674$514,997$0$5,664,225
67$15,065,574$472,400$0$6,173,908
68$16,532,294$425,578$0$6,734,809
69$18,146,415$374,259$0$7,352,194
70$19,922,902$318,151$0$8,031,872
71$21,878,247$256,949$0$8,780,251
72$24,030,617$190,329$0$9,604,394
73$26,400,035$117,949$0$10,512,094
74$29,008,559$39,450$0$11,511,944
75$31,880,498$0$0$12,613,418
76$35,042,636$0$0$13,848,017
77$38,524,488$0$0$15,227,633
78$42,358,575$0$0$16,746,934
79$46,580,733$0$0$18,420,136
80$51,230,451$0$0$20,262,902
81$56,351,243$0$0$22,292,493
82$61,991,057$0$0$24,527,930
83$68,202,730$0$0$26,990,172
84$75,044,483$0$0$29,702,316
85$82,580,476$0$0$32,689,811
86$90,881,405$0$0$35,980,703
87$100,025,178$0$0$39,605,896
88$110,097,642$0$0$43,599,447
89$121,193,399$0$0$47,998,884
90$133,416,697$0$0$52,845,560
91$146,882,410$0$0$58,185,047
92$161,717,127$0$0$64,067,563
93$178,060,347$0$0$70,548,446
94$196,065,789$0$0$77,688,678
95$215,902,850$0$0$85,555,458
96$237,758,199$0$0$94,222,841
97$261,837,541$0$0$103,772,429
98$288,367,558$0$0$114,294,149
99$317,598,049$0$0$125,887,097
100$349,804,285$0$0$138,660,478