Can I retire at age 30 with 638,000?

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 $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%
1 years$52,685$52,216$51,758$51,311$50,875$50,032
2 years$26,082$25,596$25,125$24,669$24,226$23,380
3 years$17,215$16,727$16,258$15,806$15,370$14,546
4 years$12,783$12,296$11,832$11,387$10,962$10,167
5 years$10,124$9,641$9,182$8,746$8,333$7,569
6 years$8,352$7,872$7,420$6,995$6,594$5,862
7 years$7,087$6,611$6,166$5,751$5,363$4,663
8 years$6,138$5,667$5,229$4,824$4,449$3,781
9 years$5,401$4,934$4,504$4,109$3,746$3,110
10 years$4,812$4,349$3,927$3,542$3,192$2,587
11 years$4,330$3,872$3,457$3,083$2,745$2,171
12 years$3,928$3,475$3,068$2,704$2,379$1,835
13 years$3,589$3,140$2,741$2,387$2,075$1,559
14 years$3,298$2,855$2,463$2,119$1,819$1,331
15 years$3,047$2,608$2,224$1,890$1,601$1,141
16 years$2,827$2,393$2,016$1,692$1,415$981
17 years$2,633$2,203$1,835$1,520$1,255$846
18 years$2,461$2,036$1,675$1,370$1,116$732
19 years$2,307$1,887$1,533$1,238$994$634
20 years$2,168$1,754$1,407$1,121$888$550
21 years$2,043$1,633$1,294$1,018$795$478
22 years$1,930$1,525$1,193$925$713$415
23 years$1,827$1,426$1,101$843$640$362
24 years$1,732$1,336$1,019$769$575$315
25 years$1,645$1,254$943$702$517$275
26 years$1,565$1,178$875$642$466$240
27 years$1,491$1,109$812$587$420$210
28 years$1,422$1,045$755$538$379$183
29 years$1,358$986$703$494$342$160
30 years$1,299$931$655$453$309$140
31 years$1,243$880$610$416$280$123
32 years$1,191$833$569$382$253$107
33 years$1,143$789$532$352$229$94
34 years$1,097$747$497$323$207$82
35 years$1,054$709$464$298$188$72
36 years$1,013$673$435$274$170$63
37 years$975$639$407$253$154$55
38 years$939$607$381$233$140$49
39 years$905$578$357$215$127$43
40 years$872$549$334$198$115$37
41 years$841$523$314$183$104$33
42 years$812$498$294$169$95$29
43 years$784$475$276$156$86$25
44 years$758$452$259$144$78$22
45 years$733$431$243$133$71$19
46 years$709$412$229$123$64$17
47 years$686$393$215$113$58$15
48 years$664$375$202$105$53$13
49 years$643$358$190$97$48$11
50 years$623$342$178$89$44$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $638,000, adding $6,081 every year, while hoping to spend $26,012 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: 45/26/29 Blend
29$638,000$638,000$638,000$638,000
30$709,349$675,535$665,646$735,086
31$754,026$680,959$660,268$759,430
32$802,388$685,778$653,839$782,860
33$854,784$689,933$646,295$807,777
34$911,596$693,365$637,570$834,335
35$973,247$696,008$627,597$862,704
36$1,040,199$697,793$616,302$893,075
37$1,112,963$698,648$603,611$925,657
38$1,192,097$698,494$589,445$960,685
39$1,278,221$697,250$573,721$998,415
40$1,372,012$694,828$556,353$1,039,136
41$1,474,217$691,134$537,251$1,083,166
42$1,585,658$686,070$516,319$1,130,856
43$1,707,240$679,532$493,461$1,182,598
44$1,839,958$671,409$468,572$1,238,825
45$1,984,909$661,583$441,544$1,300,014
46$2,143,299$649,930$412,265$1,366,698
47$2,316,456$636,318$380,617$1,439,464
48$2,505,844$620,607$346,476$1,518,961
49$2,713,072$602,648$309,715$1,605,911
50$2,939,913$582,286$270,199$1,701,109
51$3,188,321$559,355$227,788$1,805,436
52$3,460,446$533,679$182,334$1,919,868
53$3,758,655$505,073$133,686$2,045,481
54$4,085,556$473,340$81,683$2,183,469
55$4,444,023$438,274$26,159$2,335,148
56$4,837,217$399,653$0$2,501,977
57$5,268,625$357,248$0$2,695,805
58$5,742,083$310,812$0$2,917,476
59$6,261,820$260,086$0$3,160,913
60$6,832,493$204,797$0$3,428,349
61$7,459,231$144,656$0$3,722,250
62$8,147,686$79,358$0$4,045,334
63$8,904,083$8,579$0$4,400,600
64$9,735,281$0$0$4,791,355
65$10,648,834$0$0$5,240,709
66$11,653,068$0$0$5,737,447
67$12,757,152$0$0$6,283,661
68$13,971,190$0$0$6,884,360
69$15,306,314$0$0$7,545,063
70$16,774,787$0$0$8,271,851
71$18,390,122$0$0$9,071,422
72$20,167,207$0$0$9,951,159
73$22,122,445$0$0$10,919,194
74$24,273,910$0$0$11,984,489
75$26,641,516$0$0$13,156,918
76$29,247,206$0$0$14,447,359
77$32,115,156$0$0$15,867,801
78$35,272,007$0$0$17,431,453
79$38,747,110$0$0$19,152,869
80$42,572,812$0$0$21,048,087
81$46,784,749$0$0$23,134,778
82$51,422,194$0$0$25,432,415
83$56,528,419$0$0$27,962,454
84$62,151,105$0$0$30,748,540
85$68,342,794$0$0$33,816,724
86$75,161,382$0$0$37,195,716
87$82,670,666$0$0$40,917,150
88$90,940,945$0$0$45,015,886
89$100,049,687$0$0$49,530,336
90$110,082,251$0$0$54,502,830
91$121,132,704$0$0$59,980,010
92$133,304,698$0$0$66,013,276
93$146,712,454$0$0$72,659,268
94$161,481,837$0$0$79,980,399
95$177,751,545$0$0$88,045,446
96$195,674,419$0$0$96,930,200
97$215,418,880$0$0$106,718,179
98$237,170,525$0$0$117,501,417
99$261,133,874$0$0$129,381,331
100$287,534,301$0$0$142,469,681