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%18.4%
1 years$52,107$51,643$51,190$50,748$50,317$48,609
2 years$25,796$25,315$24,850$24,398$23,960$22,257
3 years$17,026$16,544$16,079$15,632$15,201$13,556
4 years$12,642$12,161$11,702$11,262$10,842$9,267
5 years$10,013$9,535$9,081$8,650$8,242$6,741
6 years$8,260$7,786$7,339$6,918$6,521$5,097
7 years$7,009$6,539$6,099$5,687$5,304$3,954
8 years$6,071$5,605$5,172$4,771$4,400$3,125
9 years$5,342$4,880$4,455$4,064$3,705$2,503
10 years$4,759$4,301$3,884$3,503$3,157$2,026
11 years$4,282$3,829$3,419$3,049$2,715$1,653
12 years$3,885$3,437$3,034$2,674$2,353$1,357
13 years$3,549$3,106$2,711$2,361$2,052$1,120
14 years$3,262$2,823$2,436$2,096$1,799$928
15 years$3,013$2,579$2,199$1,869$1,584$771
16 years$2,796$2,366$1,994$1,674$1,400$643
17 years$2,604$2,179$1,814$1,504$1,241$537
18 years$2,434$2,014$1,656$1,355$1,103$449
19 years$2,281$1,866$1,516$1,224$984$376
20 years$2,145$1,734$1,392$1,109$879$316
21 years$2,021$1,615$1,280$1,006$786$265
22 years$1,909$1,508$1,180$915$705$223
23 years$1,806$1,410$1,089$833$633$188
24 years$1,713$1,321$1,007$760$569$158
25 years$1,627$1,240$933$694$512$133
26 years$1,548$1,165$865$635$461$112
27 years$1,474$1,097$804$581$415$95
28 years$1,406$1,034$747$532$375$80
29 years$1,343$975$695$488$339$67
30 years$1,284$921$648$448$306$57
31 years$1,230$870$604$411$277$48
32 years$1,178$824$563$378$250$40
33 years$1,130$780$526$348$226$34
34 years$1,085$739$491$320$205$29
35 years$1,042$701$459$295$186$24
36 years$1,002$666$430$271$168$21
37 years$964$632$402$250$152$17
38 years$929$601$377$230$138$15
39 years$895$571$353$212$125$12
40 years$863$543$331$196$114$10
41 years$832$517$310$181$103$9
42 years$803$493$291$167$94$7
43 years$776$469$273$154$85$6
44 years$750$447$256$142$77$5
45 years$725$427$241$131$70$4
46 years$701$407$226$121$64$4
47 years$678$388$212$112$58$3
48 years$657$371$200$104$52$3
49 years$636$354$188$96$48$2
50 years$616$338$176$88$43$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $631,000, adding $4,382 every year, while hoping to spend $36,480 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: 39/34/27 Blend
29$631,000$631,000$631,000$631,000
30$699,882$666,439$656,659$721,429
31$732,456$660,280$639,842$731,377
32$767,129$652,597$621,240$738,428
33$804,078$643,276$600,753$745,349
34$843,495$632,197$578,279$752,152
35$885,590$619,234$553,710$758,852
36$930,595$604,251$526,935$765,470
37$978,763$587,106$497,834$772,030
38$1,030,371$567,649$466,286$778,563
39$1,085,724$545,719$432,162$785,109
40$1,145,156$521,148$395,327$791,712
41$1,209,034$493,756$355,643$798,428
42$1,277,760$463,355$312,962$805,321
43$1,351,777$429,744$267,131$812,468
44$1,431,569$392,712$217,991$819,958
45$1,517,671$352,037$165,375$827,893
46$1,610,667$307,480$109,109$836,392
47$1,711,202$258,794$49,011$845,593
48$1,819,983$205,713$0$855,652
49$1,937,789$147,961$0$871,108
50$2,065,474$85,241$0$903,159
51$2,203,978$17,244$0$937,963
52$2,354,337$0$0$975,848
53$2,517,688$0$0$1,038,263
54$2,695,281$0$0$1,113,210
55$2,888,493$0$0$1,194,826
56$3,098,840$0$0$1,283,761
57$3,327,986$0$0$1,380,730
58$3,577,768$0$0$1,486,520
59$3,850,202$0$0$1,601,996
60$4,147,511$0$0$1,728,112
61$4,472,141$0$0$1,865,917
62$4,826,782$0$0$2,016,567
63$5,214,399$0$0$2,181,334
64$5,638,254$0$0$2,361,617
65$6,101,940$0$0$2,558,960
66$6,609,412$0$0$2,775,060
67$7,165,026$0$0$3,011,788
68$7,773,579$0$0$3,271,202
69$8,440,353$0$0$3,555,572
70$9,171,164$0$0$3,867,394
71$9,972,419$0$0$4,209,421
72$10,851,176$0$0$4,584,682
73$11,815,205$0$0$4,996,516
74$12,873,066$0$0$5,448,599
75$14,034,191$0$0$5,944,982
76$15,308,964$0$0$6,490,125
77$16,708,827$0$0$7,088,943
78$18,246,385$0$0$7,746,851
79$19,935,521$0$0$8,469,813
80$21,791,531$0$0$9,264,400
81$23,831,265$0$0$10,137,850
82$26,073,288$0$0$11,098,139
83$28,538,051$0$0$12,154,055
84$31,248,087$0$0$13,315,276
85$34,228,219$0$0$14,592,470
86$37,505,799$0$0$15,997,387
87$41,110,961$0$0$17,542,975
88$45,076,906$0$0$19,243,500
89$49,440,214$0$0$21,114,678
90$54,241,193$0$0$23,173,830
91$59,524,250$0$0$25,440,037
92$65,338,319$0$0$27,934,325
93$71,737,315$0$0$30,679,862
94$78,780,644$0$0$33,702,175
95$86,533,766$0$0$37,029,393
96$95,068,808$0$0$40,692,509
97$104,465,244$0$0$44,725,675
98$114,810,649$0$0$49,166,524
99$126,201,519$0$0$54,056,523
100$138,744,183$0$0$59,441,364