Can I retire at age 30 with 632,000?

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 $632,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$52,190$51,725$51,272$50,829$50,397$49,480
2 years$25,837$25,355$24,889$24,437$23,998$23,078
3 years$17,053$16,570$16,105$15,657$15,226$14,331
4 years$12,663$12,181$11,720$11,280$10,859$9,996
5 years$10,029$9,550$9,095$8,664$8,255$7,426
6 years$8,273$7,798$7,350$6,929$6,532$5,739
7 years$7,020$6,549$6,108$5,697$5,312$4,555
8 years$6,081$5,614$5,180$4,779$4,407$3,685
9 years$5,350$4,888$4,462$4,070$3,711$3,024
10 years$4,766$4,308$3,890$3,509$3,162$2,509
11 years$4,289$3,835$3,425$3,054$2,720$2,100
12 years$3,891$3,442$3,039$2,678$2,357$1,770
13 years$3,555$3,111$2,715$2,365$2,055$1,501
14 years$3,267$2,828$2,440$2,099$1,801$1,278
15 years$3,018$2,583$2,203$1,872$1,586$1,092
16 years$2,800$2,370$1,997$1,676$1,402$937
17 years$2,608$2,183$1,817$1,506$1,243$806
18 years$2,437$2,017$1,659$1,357$1,105$694
19 years$2,285$1,869$1,519$1,226$985$599
20 years$2,148$1,737$1,394$1,111$880$519
21 years$2,024$1,618$1,282$1,008$787$449
22 years$1,912$1,510$1,182$917$706$390
23 years$1,809$1,413$1,091$835$634$338
24 years$1,716$1,323$1,009$761$569$294
25 years$1,629$1,242$935$695$512$256
26 years$1,550$1,167$867$636$462$222
27 years$1,477$1,099$805$582$416$194
28 years$1,409$1,035$748$533$376$169
29 years$1,345$977$696$489$339$147
30 years$1,286$922$649$449$306$128
31 years$1,231$872$605$412$277$112
32 years$1,180$825$564$379$251$98
33 years$1,132$781$527$348$227$85
34 years$1,087$740$492$320$205$74
35 years$1,044$702$460$295$186$65
36 years$1,004$667$430$272$168$57
37 years$966$633$403$250$153$49
38 years$930$602$377$231$138$43
39 years$896$572$353$213$126$38
40 years$864$544$331$196$114$33
41 years$834$518$311$181$103$29
42 years$805$493$291$167$94$25
43 years$777$470$273$154$85$22
44 years$751$448$257$142$77$19
45 years$726$427$241$132$70$17
46 years$702$408$226$121$64$15
47 years$679$389$213$112$58$13
48 years$658$371$200$104$52$11
49 years$637$355$188$96$48$10
50 years$617$339$177$89$43$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $632,000, adding $3,239 every year, while hoping to spend $51,707 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: 74/14/12 Blend
29$632,000$632,000$632,000$632,000
30$699,805$666,309$656,513$749,663
31$716,169$643,942$623,490$760,668
32$732,470$618,747$587,628$765,962
33$748,645$590,529$548,778$770,345
34$764,627$559,084$506,781$773,710
35$780,336$524,197$461,476$775,943
36$795,686$485,639$412,691$776,917
37$810,578$443,167$360,249$776,495
38$824,902$396,527$303,962$774,526
39$838,534$345,448$243,636$770,845
40$851,335$289,646$179,068$765,273
41$863,150$228,818$110,046$757,613
42$873,808$162,646$36,349$747,650
43$883,115$90,794$0$735,150
44$890,857$12,908$0$725,271
45$896,795$0$0$717,636
46$900,664$0$0$718,309
47$902,167$0$0$719,026
48$900,978$0$0$717,530
49$896,731$0$0$713,525
50$889,023$0$0$706,680
51$877,404$0$0$696,629
52$861,377$0$0$682,965
53$840,392$0$0$665,239
54$813,838$0$0$642,952
55$781,038$0$0$615,552
56$741,245$0$0$582,428
57$693,630$0$0$542,905
58$637,277$0$0$496,234
59$571,172$0$0$441,588
60$494,195$0$0$378,052
61$405,106$0$0$304,616
62$302,536$0$0$220,161
63$184,971$0$0$123,453
64$50,739$0$0$13,126
65$0$0$0$0
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