Can I retire at age 30 with 632,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%18.5%
1 years$52,190$51,725$51,272$50,829$50,397$48,667
2 years$25,837$25,355$24,889$24,437$23,998$22,273
3 years$17,053$16,570$16,105$15,657$15,226$13,559
4 years$12,663$12,181$11,720$11,280$10,859$9,264
5 years$10,029$9,550$9,095$8,664$8,255$6,736
6 years$8,273$7,798$7,350$6,929$6,532$5,090
7 years$7,020$6,549$6,108$5,697$5,312$3,947
8 years$6,081$5,614$5,180$4,779$4,407$3,117
9 years$5,350$4,888$4,462$4,070$3,711$2,496
10 years$4,766$4,308$3,890$3,509$3,162$2,019
11 years$4,289$3,835$3,425$3,054$2,720$1,646
12 years$3,891$3,442$3,039$2,678$2,357$1,350
13 years$3,555$3,111$2,715$2,365$2,055$1,114
14 years$3,267$2,828$2,440$2,099$1,801$922
15 years$3,018$2,583$2,203$1,872$1,586$766
16 years$2,800$2,370$1,997$1,676$1,402$638
17 years$2,608$2,183$1,817$1,506$1,243$532
18 years$2,437$2,017$1,659$1,357$1,105$445
19 years$2,285$1,869$1,519$1,226$985$373
20 years$2,148$1,737$1,394$1,111$880$313
21 years$2,024$1,618$1,282$1,008$787$262
22 years$1,912$1,510$1,182$917$706$220
23 years$1,809$1,413$1,091$835$634$185
24 years$1,716$1,323$1,009$761$569$156
25 years$1,629$1,242$935$695$512$131
26 years$1,550$1,167$867$636$462$110
27 years$1,477$1,099$805$582$416$93
28 years$1,409$1,035$748$533$376$78
29 years$1,345$977$696$489$339$66
30 years$1,286$922$649$449$306$56
31 years$1,231$872$605$412$277$47
32 years$1,180$825$564$379$251$40
33 years$1,132$781$527$348$227$33
34 years$1,087$740$492$320$205$28
35 years$1,044$702$460$295$186$24
36 years$1,004$667$430$272$168$20
37 years$966$633$403$250$153$17
38 years$930$602$377$231$138$14
39 years$896$572$353$213$126$12
40 years$864$544$331$196$114$10
41 years$834$518$311$181$103$9
42 years$805$493$291$167$94$7
43 years$777$470$273$154$85$6
44 years$751$448$257$142$77$5
45 years$726$427$241$132$70$4
46 years$702$408$226$121$64$4
47 years$679$389$213$112$58$3
48 years$658$371$200$104$52$3
49 years$637$355$188$96$48$2
50 years$617$339$177$89$43$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $632,000, adding $3,264 every year, while hoping to spend $44,387 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: 46/35/19 Blend
29$632,000$632,000$632,000$632,000
30$699,831$666,335$656,539$728,087
31$723,986$651,758$631,305$733,589
32$749,118$634,979$603,739$734,860
33$775,278$615,843$573,715$735,308
34$802,524$594,187$541,102$734,875
35$830,916$569,837$505,763$733,504
36$860,520$542,610$467,557$731,130
37$891,407$512,311$426,334$727,691
38$923,652$478,736$381,937$723,118
39$957,337$441,667$334,205$717,341
40$992,552$400,875$282,968$710,288
41$1,029,393$356,118$228,047$701,885
42$1,067,962$307,139$169,258$692,053
43$1,108,373$253,668$106,407$680,711
44$1,150,747$195,418$39,292$667,778
45$1,195,217$132,087$0$653,168
46$1,241,927$63,357$0$643,349
47$1,291,032$0$0$640,602
48$1,342,702$0$0$641,189
49$1,397,123$0$0$667,533
50$1,454,494$0$0$695,333
51$1,515,035$0$0$724,701
52$1,578,985$0$0$755,754
53$1,646,605$0$0$788,625
54$1,718,179$0$0$823,456
55$1,794,017$0$0$860,403
56$1,874,460$0$0$899,637
57$1,959,877$0$0$941,344
58$2,050,674$0$0$985,728
59$2,147,296$0$0$1,033,013
60$2,250,229$0$0$1,083,443
61$2,360,003$0$0$1,137,287
62$2,477,203$0$0$1,194,838
63$2,602,466$0$0$1,256,418
64$2,736,492$0$0$1,322,379
65$2,880,049$0$0$1,393,110
66$3,033,978$0$0$1,469,034
67$3,199,204$0$0$1,550,618
68$3,376,739$0$0$1,638,374
69$3,567,695$0$0$1,732,863
70$3,773,295$0$0$1,834,702
71$3,994,880$0$0$1,944,569
72$4,233,923$0$0$2,063,208
73$4,492,042$0$0$2,191,438
74$4,771,016$0$0$2,330,157
75$5,072,801$0$0$2,480,354
76$5,399,545$0$0$2,643,116
77$5,753,610$0$0$2,819,637
78$6,137,594$0$0$3,011,231
79$6,554,354$0$0$3,219,344
80$7,007,031$0$0$3,445,564
81$7,499,081$0$0$3,691,641
82$8,034,306$0$0$3,959,499
83$8,616,889$0$0$4,251,255
84$9,251,433$0$0$4,569,238
85$9,943,002$0$0$4,916,013
86$10,697,171$0$0$5,294,401
87$11,520,075$0$0$5,707,509
88$12,418,467$0$0$6,158,755
89$13,399,779$0$0$6,651,905
90$14,472,197$0$0$7,191,103
91$15,644,728$0$0$7,780,911
92$16,927,294$0$0$8,426,353
93$18,330,815$0$0$9,132,961
94$19,867,319$0$0$9,906,828
95$21,550,049$0$0$10,754,662
96$23,393,591$0$0$11,683,851
97$25,414,004$0$0$12,702,532
98$27,628,980$0$0$13,819,666
99$30,057,999$0$0$15,045,125
100$32,722,521$0$0$16,389,781