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%11%
1 years$52,107$51,643$51,190$50,748$50,317$50,105
2 years$25,796$25,315$24,850$24,398$23,960$23,746
3 years$17,026$16,544$16,079$15,632$15,201$14,992
4 years$12,642$12,161$11,702$11,262$10,842$10,639
5 years$10,013$9,535$9,081$8,650$8,242$8,045
6 years$8,260$7,786$7,339$6,918$6,521$6,332
7 years$7,009$6,539$6,099$5,687$5,304$5,121
8 years$6,071$5,605$5,172$4,771$4,400$4,225
9 years$5,342$4,880$4,455$4,064$3,705$3,537
10 years$4,759$4,301$3,884$3,503$3,157$2,996
11 years$4,282$3,829$3,419$3,049$2,715$2,561
12 years$3,885$3,437$3,034$2,674$2,353$2,206
13 years$3,549$3,106$2,711$2,361$2,052$1,912
14 years$3,262$2,823$2,436$2,096$1,799$1,665
15 years$3,013$2,579$2,199$1,869$1,584$1,456
16 years$2,796$2,366$1,994$1,674$1,400$1,279
17 years$2,604$2,179$1,814$1,504$1,241$1,126
18 years$2,434$2,014$1,656$1,355$1,103$994
19 years$2,281$1,866$1,516$1,224$984$880
20 years$2,145$1,734$1,392$1,109$879$780
21 years$2,021$1,615$1,280$1,006$786$693
22 years$1,909$1,508$1,180$915$705$617
23 years$1,806$1,410$1,089$833$633$550
24 years$1,713$1,321$1,007$760$569$490
25 years$1,627$1,240$933$694$512$438
26 years$1,548$1,165$865$635$461$391
27 years$1,474$1,097$804$581$415$350
28 years$1,406$1,034$747$532$375$314
29 years$1,343$975$695$488$339$281
30 years$1,284$921$648$448$306$252
31 years$1,230$870$604$411$277$226
32 years$1,178$824$563$378$250$203
33 years$1,130$780$526$348$226$182
34 years$1,085$739$491$320$205$163
35 years$1,042$701$459$295$186$147
36 years$1,002$666$430$271$168$132
37 years$964$632$402$250$152$118
38 years$929$601$377$230$138$106
39 years$895$571$353$212$125$96
40 years$863$543$331$196$114$86
41 years$832$517$310$181$103$77
42 years$803$493$291$167$94$70
43 years$776$469$273$154$85$63
44 years$750$447$256$142$77$56
45 years$725$427$241$131$70$51
46 years$701$407$226$121$64$46
47 years$678$388$212$112$58$41
48 years$657$371$200$104$52$37
49 years$636$354$188$96$48$33
50 years$616$338$176$88$43$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $631,000, adding $2,392 every year, while hoping to spend $30,676 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: 58/28/14 Blend
29$631,000$631,000$631,000$631,000
30$697,829$664,386$654,606$735,692
31$736,369$664,302$643,896$761,474
32$777,811$663,186$631,799$785,964
33$822,420$660,954$618,237$811,940
34$870,486$657,520$603,126$839,551
35$922,325$652,788$586,381$868,960
36$978,289$646,661$567,911$900,348
37$1,038,760$639,033$547,622$933,915
38$1,104,160$629,792$525,414$969,885
39$1,174,954$618,822$501,185$1,008,505
40$1,251,652$605,996$474,827$1,050,048
41$1,334,813$591,183$446,226$1,094,818
42$1,425,055$574,242$415,266$1,143,150
43$1,523,055$555,024$381,822$1,195,417
44$1,629,560$533,374$345,766$1,252,030
45$1,745,389$509,123$306,964$1,313,446
46$1,871,446$482,098$265,274$1,380,169
47$2,008,724$452,110$220,551$1,452,760
48$2,158,315$418,965$172,641$1,531,836
49$2,321,423$382,454$121,384$1,618,083
50$2,499,371$342,357$66,613$1,712,257
51$2,693,616$298,442$8,154$1,815,197
52$2,905,762$250,463$0$1,927,830
53$3,137,575$198,161$0$2,059,282
54$3,391,000$141,263$0$2,204,412
55$3,668,175$79,478$0$2,363,283
56$3,971,458$12,502$0$2,537,312
57$4,303,443$0$0$2,728,062
58$4,666,988$0$0$2,955,743
59$5,065,240$0$0$3,209,432
60$5,501,663$0$0$3,487,492
61$5,980,074$0$0$3,792,361
62$6,504,675$0$0$4,126,725
63$7,080,098$0$0$4,493,542
64$7,711,439$0$0$4,896,069
65$8,404,316$0$0$5,337,896
66$9,164,916$0$0$5,822,976
67$10,000,052$0$0$6,355,663
68$10,917,233$0$0$6,940,755
69$11,924,726$0$0$7,583,536
70$13,031,644$0$0$8,289,828
71$14,248,020$0$0$9,066,043
72$15,584,912$0$0$9,919,248
73$17,054,500$0$0$10,857,227
74$18,670,204$0$0$11,888,556
75$20,446,808$0$0$13,022,682
76$22,400,601$0$0$14,270,017
77$24,549,531$0$0$15,642,028
78$26,913,369$0$0$17,151,354
79$29,513,902$0$0$18,811,917
80$32,375,133$0$0$20,639,058
81$35,523,511$0$0$22,649,679
82$38,988,176$0$0$24,862,405
83$42,801,237$0$0$27,297,757
84$46,998,072$0$0$29,978,345
85$51,617,664$0$0$32,929,084
86$56,702,967$0$0$36,177,426
87$62,301,310$0$0$39,753,620
88$68,464,846$0$0$43,690,999
89$75,251,039$0$0$48,026,289
90$82,723,212$0$0$52,799,961
91$90,951,138$0$0$58,056,610
92$100,011,703$0$0$63,845,376
93$109,989,627$0$0$70,220,406
94$120,978,267$0$0$77,241,367
95$133,080,493$0$0$84,974,008
96$146,409,663$0$0$93,490,780
97$161,090,689$0$0$102,871,520
98$177,261,219$0$0$113,204,202
99$195,072,930$0$0$124,585,772
100$214,692,964$0$0$137,123,056