Can I retire at age 30 with 633,000?

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 $633,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$52,273$51,807$51,353$50,909$50,476$50,158
2 years$25,877$25,396$24,928$24,476$24,036$23,715
3 years$17,080$16,596$16,130$15,682$15,250$14,936
4 years$12,683$12,200$11,739$11,298$10,876$10,572
5 years$10,045$9,565$9,110$8,678$8,268$7,974
6 years$8,287$7,811$7,362$6,940$6,542$6,259
7 years$7,031$6,559$6,118$5,706$5,320$5,049
8 years$6,090$5,622$5,188$4,786$4,414$4,153
9 years$5,359$4,895$4,469$4,077$3,717$3,467
10 years$4,774$4,315$3,896$3,514$3,167$2,928
11 years$4,296$3,841$3,430$3,058$2,724$2,495
12 years$3,897$3,448$3,044$2,683$2,360$2,142
13 years$3,561$3,116$2,720$2,368$2,058$1,851
14 years$3,272$2,832$2,444$2,102$1,804$1,607
15 years$3,023$2,587$2,206$1,875$1,589$1,401
16 years$2,804$2,374$2,000$1,679$1,404$1,225
17 years$2,612$2,186$1,820$1,508$1,245$1,076
18 years$2,441$2,020$1,662$1,359$1,107$946
19 years$2,289$1,872$1,521$1,228$987$835
20 years$2,151$1,740$1,396$1,112$881$738
21 years$2,027$1,621$1,284$1,010$789$653
22 years$1,915$1,513$1,183$918$707$579
23 years$1,812$1,415$1,093$836$635$514
24 years$1,718$1,326$1,011$763$570$457
25 years$1,632$1,244$936$696$513$406
26 years$1,552$1,169$868$637$462$362
27 years$1,479$1,100$806$583$417$322
28 years$1,411$1,037$749$534$376$287
29 years$1,348$978$697$490$340$256
30 years$1,289$924$650$449$307$229
31 years$1,233$873$606$413$277$204
32 years$1,182$826$565$379$251$183
33 years$1,134$782$528$349$227$163
34 years$1,088$742$493$321$206$146
35 years$1,046$703$461$295$186$131
36 years$1,005$668$431$272$169$117
37 years$967$634$403$251$153$105
38 years$932$603$378$231$139$94
39 years$898$573$354$213$126$84
40 years$865$545$332$197$114$75
41 years$835$519$311$181$103$67
42 years$806$494$292$167$94$60
43 years$778$471$274$154$85$54
44 years$752$449$257$143$77$48
45 years$727$428$241$132$70$43
46 years$703$408$227$122$64$39
47 years$680$390$213$112$58$35
48 years$659$372$200$104$53$31
49 years$638$355$188$96$48$28
50 years$618$339$177$89$43$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $633,000, adding $5,267 every year, while hoping to spend $38,691 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: 47/47/6 Blend
29$633,000$633,000$633,000$633,000
30$702,999$669,450$659,638$734,678
31$733,538$661,086$640,569$748,590
32$765,895$651,016$619,565$759,176
33$800,215$639,114$596,519$769,753
34$836,656$625,250$571,321$780,329
35$875,391$609,283$543,856$790,920
36$916,608$591,065$514,003$801,543
37$960,516$570,441$481,636$812,219
38$1,007,340$547,244$446,622$822,977
39$1,057,329$521,299$408,824$833,851
40$1,110,755$492,421$368,098$844,880
41$1,167,916$460,414$324,294$856,114
42$1,229,139$425,070$277,253$867,611
43$1,294,783$386,170$226,813$879,437
44$1,365,241$343,483$172,802$891,672
45$1,440,946$296,763$115,040$904,408
46$1,522,370$245,753$53,342$917,751
47$1,610,035$190,177$0$931,825
48$1,704,511$129,749$0$947,570
49$1,806,427$64,163$0$968,044
50$1,916,473$0$0$990,028
51$2,035,405$0$0$1,017,317
52$2,164,057$0$0$1,082,789
53$2,303,345$0$0$1,153,732
54$2,454,274$0$0$1,230,668
55$2,617,951$0$0$1,314,167
56$2,795,595$0$0$1,404,860
57$2,988,541$0$0$1,503,437
58$3,198,265$0$0$1,610,661
59$3,426,383$0$0$1,727,369
60$3,674,680$0$0$1,854,482
61$3,945,116$0$0$1,993,015
62$4,239,848$0$0$2,144,083
63$4,561,250$0$0$2,308,916
64$4,911,938$0$0$2,488,864
65$5,294,787$0$0$2,685,418
66$5,712,964$0$0$2,900,214
67$6,169,956$0$0$3,135,057
68$6,669,600$0$0$3,391,934
69$7,216,123$0$0$3,673,031
70$7,814,178$0$0$3,980,756
71$8,468,887$0$0$4,317,760
72$9,185,893$0$0$4,686,965
73$9,971,408$0$0$5,091,585
74$10,832,276$0$0$5,535,164
75$11,776,031$0$0$6,021,600
76$12,810,974$0$0$6,555,191
77$13,946,245$0$0$7,140,670
78$15,191,913$0$0$7,783,248
79$16,559,069$0$0$8,488,667
80$18,059,928$0$0$9,263,252
81$19,707,948$0$0$10,113,970
82$21,517,951$0$0$11,048,496
83$23,506,269$0$0$12,075,285
84$25,690,889$0$0$13,203,651
85$28,091,631$0$0$14,443,857
86$30,730,327$0$0$15,807,207
87$33,631,031$0$0$17,306,156
88$36,820,242$0$0$18,954,425
89$40,327,156$0$0$20,767,135
90$44,183,940$0$0$22,760,940
91$48,426,034$0$0$24,954,194
92$53,092,483$0$0$27,367,116
93$58,226,311$0$0$30,021,985
94$63,874,919$0$0$32,943,349
95$70,090,535$0$0$36,158,254
96$76,930,706$0$0$39,696,502
97$84,458,838$0$0$43,590,930
98$92,744,798$0$0$47,877,719
99$101,865,567$0$0$52,596,737
100$111,905,970$0$0$57,791,912