Can I retire at age 30 with 634,000?

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 $634,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$52,355$51,889$51,434$50,990$50,556$50,259
2 years$25,918$25,436$24,968$24,514$24,074$23,774
3 years$17,107$16,622$16,156$15,707$15,274$14,980
4 years$12,703$12,219$11,757$11,316$10,893$10,609
5 years$10,060$9,580$9,124$8,692$8,281$8,006
6 years$8,300$7,823$7,374$6,951$6,552$6,288
7 years$7,042$6,570$6,128$5,715$5,329$5,074
8 years$6,100$5,631$5,197$4,794$4,421$4,177
9 years$5,367$4,903$4,476$4,083$3,723$3,489
10 years$4,781$4,322$3,902$3,520$3,172$2,948
11 years$4,302$3,848$3,435$3,063$2,728$2,514
12 years$3,904$3,453$3,049$2,687$2,364$2,160
13 years$3,566$3,121$2,724$2,372$2,062$1,867
14 years$3,278$2,837$2,447$2,106$1,807$1,622
15 years$3,027$2,591$2,210$1,878$1,591$1,415
16 years$2,809$2,378$2,003$1,681$1,406$1,239
17 years$2,616$2,190$1,823$1,511$1,247$1,088
18 years$2,445$2,023$1,664$1,362$1,109$958
19 years$2,292$1,875$1,524$1,230$988$845
20 years$2,155$1,743$1,398$1,114$883$748
21 years$2,031$1,623$1,286$1,011$790$662
22 years$1,918$1,515$1,185$919$708$588
23 years$1,815$1,417$1,094$837$636$522
24 years$1,721$1,328$1,012$764$571$464
25 years$1,635$1,246$937$697$514$413
26 years$1,555$1,171$869$638$463$368
27 years$1,481$1,102$807$584$417$328
28 years$1,413$1,038$751$535$377$293
29 years$1,350$980$698$490$340$262
30 years$1,291$925$651$450$307$234
31 years$1,235$875$607$413$278$209
32 years$1,184$828$566$380$251$187
33 years$1,135$784$528$349$227$167
34 years$1,090$743$494$321$206$150
35 years$1,047$705$462$296$187$134
36 years$1,007$669$432$273$169$120
37 years$969$635$404$251$153$108
38 years$933$604$378$231$139$96
39 years$899$574$355$213$126$86
40 years$867$546$332$197$114$77
41 years$836$520$312$182$104$69
42 years$807$495$292$168$94$62
43 years$780$472$274$155$85$56
44 years$753$450$257$143$77$50
45 years$728$429$242$132$70$45
46 years$704$409$227$122$64$40
47 years$682$390$213$113$58$36
48 years$660$373$200$104$53$32
49 years$639$356$188$96$48$29
50 years$619$340$177$89$43$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $634,000, adding $6,155 every year, while hoping to spend $22,544 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: 61/30/9 Blend
29$634,000$634,000$634,000$634,000
30$705,017$671,415$661,588$746,251
31$752,942$680,328$659,764$783,527
32$805,000$688,921$657,124$821,041
33$861,588$697,157$653,616$861,408
34$923,145$704,992$649,187$904,906
35$990,151$712,382$643,780$951,837
36$1,063,136$719,278$637,336$1,002,539
37$1,142,683$725,631$629,795$1,057,380
38$1,229,434$731,384$621,090$1,116,770
39$1,324,095$736,480$611,155$1,181,158
40$1,427,443$740,858$599,919$1,251,040
41$1,540,334$744,452$587,308$1,326,965
42$1,663,709$747,191$573,244$1,409,537
43$1,798,606$749,002$557,646$1,499,421
44$1,946,165$749,805$540,429$1,597,352
45$2,107,646$749,516$521,505$1,704,142
46$2,284,430$748,048$500,780$1,820,684
47$2,478,044$745,304$478,158$1,947,963
48$2,690,165$741,184$453,537$2,087,068
49$2,922,643$735,583$426,811$2,239,197
50$3,177,512$728,386$397,869$2,405,675
51$3,457,016$719,475$366,596$2,587,959
52$3,763,625$708,723$332,870$2,787,659
53$4,100,059$695,994$296,565$3,006,549
54$4,469,314$681,147$257,549$3,246,588
55$4,874,691$664,030$215,684$3,509,933
56$5,319,826$644,484$170,826$3,798,965
57$5,808,724$622,339$122,824$4,116,309
58$6,345,797$597,418$71,522$4,464,861
59$6,935,906$569,529$16,756$4,847,814
60$7,584,406$538,473$0$5,268,687
61$8,297,196$504,038$0$5,735,366
62$9,080,774$466,001$0$6,250,108
63$9,942,301$424,123$0$6,816,038
64$10,889,665$378,154$0$7,438,383
65$11,931,558$327,831$0$8,122,899
66$13,077,555$272,872$0$8,875,938
67$14,338,206$212,984$0$9,704,497
68$15,725,136$147,853$0$10,616,292
69$17,251,153$77,151$0$11,619,830
70$18,930,368$529$0$12,724,487
71$20,778,331$0$0$13,940,599
72$22,812,173$0$0$15,306,758
73$25,050,772$0$0$16,810,706
74$27,514,929$0$0$18,466,250
75$30,227,562$0$0$20,288,797
76$33,213,927$0$0$22,295,321
77$36,501,850$0$0$24,504,529
78$40,121,994$0$0$26,937,031
79$44,108,148$0$0$29,615,539
80$48,497,541$0$0$32,565,080
81$53,331,198$0$0$35,813,229
82$58,654,326$0$0$39,390,374
83$64,516,739$0$0$43,330,001
84$70,973,327$0$0$47,669,006
85$78,084,577$0$0$52,448,049
86$85,917,142$0$0$57,711,934
87$94,544,469$0$0$63,510,032
88$104,047,492$0$0$69,896,748
89$114,515,397$0$0$76,932,032
90$126,046,464$0$0$84,681,949
91$138,748,989$0$0$93,219,297
92$152,742,314$0$0$102,624,298
93$168,157,948$0$0$112,985,353
94$185,140,808$0$0$124,399,877
95$203,850,588$0$0$136,975,218
96$224,463,266$0$0$150,829,670
97$247,172,765$0$0$166,093,589
98$272,192,781$0$0$182,910,627
99$299,758,804$0$0$201,439,080
100$330,130,335$0$0$221,853,391