Can I retire at age 30 with 638,000?

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 $638,000?

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$52,685$52,216$51,758$51,311$50,875$49,950
2 years$26,082$25,596$25,125$24,669$24,226$23,298
3 years$17,215$16,727$16,258$15,806$15,370$14,467
4 years$12,783$12,296$11,832$11,387$10,962$10,091
5 years$10,124$9,641$9,182$8,746$8,333$7,497
6 years$8,352$7,872$7,420$6,995$6,594$5,793
7 years$7,087$6,611$6,166$5,751$5,363$4,598
8 years$6,138$5,667$5,229$4,824$4,449$3,720
9 years$5,401$4,934$4,504$4,109$3,746$3,053
10 years$4,812$4,349$3,927$3,542$3,192$2,533
11 years$4,330$3,872$3,457$3,083$2,745$2,120
12 years$3,928$3,475$3,068$2,704$2,379$1,787
13 years$3,589$3,140$2,741$2,387$2,075$1,515
14 years$3,298$2,855$2,463$2,119$1,819$1,290
15 years$3,047$2,608$2,224$1,890$1,601$1,103
16 years$2,827$2,393$2,016$1,692$1,415$946
17 years$2,633$2,203$1,835$1,520$1,255$813
18 years$2,461$2,036$1,675$1,370$1,116$701
19 years$2,307$1,887$1,533$1,238$994$605
20 years$2,168$1,754$1,407$1,121$888$523
21 years$2,043$1,633$1,294$1,018$795$453
22 years$1,930$1,525$1,193$925$713$393
23 years$1,827$1,426$1,101$843$640$341
24 years$1,732$1,336$1,019$769$575$297
25 years$1,645$1,254$943$702$517$258
26 years$1,565$1,178$875$642$466$224
27 years$1,491$1,109$812$587$420$195
28 years$1,422$1,045$755$538$379$170
29 years$1,358$986$703$494$342$148
30 years$1,299$931$655$453$309$129
31 years$1,243$880$610$416$280$113
32 years$1,191$833$569$382$253$98
33 years$1,143$789$532$352$229$86
34 years$1,097$747$497$323$207$75
35 years$1,054$709$464$298$188$65
36 years$1,013$673$435$274$170$57
37 years$975$639$407$253$154$50
38 years$939$607$381$233$140$44
39 years$905$578$357$215$127$38
40 years$872$549$334$198$115$33
41 years$841$523$314$183$104$29
42 years$812$498$294$169$95$25
43 years$784$475$276$156$86$22
44 years$758$452$259$144$78$19
45 years$733$431$243$133$71$17
46 years$709$412$229$123$64$15
47 years$686$393$215$113$58$13
48 years$664$375$202$105$53$11
49 years$643$358$190$97$48$10
50 years$623$342$178$89$44$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $638,000, adding $4,484 every year, while hoping to spend $46,877 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: 25/45/30 Blend
29$638,000$638,000$638,000$638,000
30$707,701$673,887$663,998$718,686
31$730,010$657,031$636,365$711,447
32$753,023$637,778$606,236$699,448
33$776,763$615,960$573,476$685,625
34$801,253$591,402$537,947$669,860
35$826,516$563,916$499,504$652,026
36$852,578$533,305$457,995$631,988
37$879,463$499,359$413,260$609,606
38$907,198$461,858$365,134$584,732
39$935,810$420,567$313,443$557,209
40$965,326$375,238$258,008$526,872
41$995,777$325,612$198,638$493,547
42$1,027,191$271,412$135,138$457,052
43$1,059,599$212,346$67,300$417,192
44$1,093,034$148,107$0$373,766
45$1,127,527$78,368$0$328,190
46$1,163,114$2,787$0$301,704
47$1,199,829$0$0$272,579
48$1,237,707$0$0$279,766
49$1,276,788$0$0$288,604
50$1,317,109$0$0$297,723
51$1,358,711$0$0$307,132
52$1,401,635$0$0$316,841
53$1,445,923$0$0$326,860
54$1,491,621$0$0$337,197
55$1,538,773$0$0$347,865
56$1,587,428$0$0$358,873
57$1,637,634$0$0$370,233
58$1,689,442$0$0$381,957
59$1,742,905$0$0$394,056
60$1,798,077$0$0$406,543
61$1,855,015$0$0$419,432
62$1,913,776$0$0$432,734
63$1,974,422$0$0$446,465
64$2,037,015$0$0$460,639
65$2,101,621$0$0$475,270
66$2,168,306$0$0$490,374
67$2,237,141$0$0$505,968
68$2,308,199$0$0$522,068
69$2,381,556$0$0$538,692
70$2,457,289$0$0$555,857
71$2,535,481$0$0$573,584
72$2,616,216$0$0$591,891
73$2,699,583$0$0$610,798
74$2,785,673$0$0$630,329
75$2,874,583$0$0$650,504
76$2,966,411$0$0$671,347
77$3,061,263$0$0$692,883
78$3,159,246$0$0$715,137
79$3,260,475$0$0$738,135
80$3,365,066$0$0$761,907
81$3,473,145$0$0$786,479
82$3,584,840$0$0$811,885
83$3,700,287$0$0$838,155
84$3,819,629$0$0$865,323
85$3,943,013$0$0$893,426
86$4,070,597$0$0$922,499
87$4,202,545$0$0$952,584
88$4,339,028$0$0$983,721
89$4,480,230$0$0$1,015,954
90$4,626,340$0$0$1,049,329
91$4,777,561$0$0$1,083,896
92$4,934,106$0$0$1,119,706
93$5,096,199$0$0$1,156,814
94$5,264,079$0$0$1,195,278
95$5,437,996$0$0$1,235,161
96$5,618,217$0$0$1,276,527
97$5,805,026$0$0$1,319,447
98$5,998,723$0$0$1,363,996
99$6,199,627$0$0$1,410,252
100$6,408,077$0$0$1,458,301