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%11.2%
1 years$52,685$52,216$51,758$51,311$50,875$50,618
2 years$26,082$25,596$25,125$24,669$24,226$23,967
3 years$17,215$16,727$16,258$15,806$15,370$15,116
4 years$12,783$12,296$11,832$11,387$10,962$10,716
5 years$10,124$9,641$9,182$8,746$8,333$8,095
6 years$8,352$7,872$7,420$6,995$6,594$6,365
7 years$7,087$6,611$6,166$5,751$5,363$5,142
8 years$6,138$5,667$5,229$4,824$4,449$4,237
9 years$5,401$4,934$4,504$4,109$3,746$3,544
10 years$4,812$4,349$3,927$3,542$3,192$2,998
11 years$4,330$3,872$3,457$3,083$2,745$2,560
12 years$3,928$3,475$3,068$2,704$2,379$2,202
13 years$3,589$3,140$2,741$2,387$2,075$1,905
14 years$3,298$2,855$2,463$2,119$1,819$1,657
15 years$3,047$2,608$2,224$1,890$1,601$1,448
16 years$2,827$2,393$2,016$1,692$1,415$1,269
17 years$2,633$2,203$1,835$1,520$1,255$1,116
18 years$2,461$2,036$1,675$1,370$1,116$984
19 years$2,307$1,887$1,533$1,238$994$870
20 years$2,168$1,754$1,407$1,121$888$770
21 years$2,043$1,633$1,294$1,018$795$684
22 years$1,930$1,525$1,193$925$713$607
23 years$1,827$1,426$1,101$843$640$540
24 years$1,732$1,336$1,019$769$575$481
25 years$1,645$1,254$943$702$517$429
26 years$1,565$1,178$875$642$466$383
27 years$1,491$1,109$812$587$420$342
28 years$1,422$1,045$755$538$379$306
29 years$1,358$986$703$494$342$273
30 years$1,299$931$655$453$309$245
31 years$1,243$880$610$416$280$219
32 years$1,191$833$569$382$253$196
33 years$1,143$789$532$352$229$176
34 years$1,097$747$497$323$207$158
35 years$1,054$709$464$298$188$141
36 years$1,013$673$435$274$170$127
37 years$975$639$407$253$154$114
38 years$939$607$381$233$140$102
39 years$905$578$357$215$127$92
40 years$872$549$334$198$115$82
41 years$841$523$314$183$104$74
42 years$812$498$294$169$95$66
43 years$784$475$276$156$86$60
44 years$758$452$259$144$78$54
45 years$733$431$243$133$71$48
46 years$709$412$229$123$64$43
47 years$686$393$215$113$58$39
48 years$664$375$202$105$53$35
49 years$643$358$190$97$48$31
50 years$623$342$178$89$44$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $638,000, adding $3,748 every year, while hoping to spend $20,822 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: 59/36/5 Blend
29$638,000$638,000$638,000$638,000
30$706,942$673,128$663,239$747,805
31$756,896$683,957$663,303$786,445
32$811,247$694,618$662,671$825,832
33$870,422$705,083$661,299$868,245
34$934,890$715,317$659,138$913,973
35$1,005,168$725,287$656,138$963,337
36$1,081,825$734,955$652,248$1,016,691
37$1,165,485$744,283$647,413$1,074,423
38$1,256,839$753,226$641,575$1,136,961
39$1,356,643$761,741$634,675$1,204,780
40$1,465,733$769,779$626,649$1,278,400
41$1,585,028$777,288$617,431$1,358,396
42$1,715,539$784,213$606,953$1,445,401
43$1,858,380$790,496$595,143$1,540,114
44$2,014,779$796,075$581,924$1,643,305
45$2,186,086$800,882$567,218$1,755,824
46$2,373,789$804,848$550,943$1,878,607
47$2,579,527$807,896$533,010$2,012,687
48$2,805,104$809,948$513,331$2,159,201
49$3,052,507$810,918$491,810$2,319,406
50$3,323,925$810,716$468,349$2,494,685
51$3,621,771$809,246$442,843$2,686,565
52$3,948,699$806,406$415,186$2,896,729
53$4,307,635$802,089$385,263$3,127,032
54$4,701,801$796,179$352,958$3,379,520
55$5,134,749$788,556$318,145$3,656,449
56$5,610,388$779,090$280,698$3,960,307
57$6,133,027$767,645$240,481$4,293,837
58$6,707,413$754,076$197,354$4,660,062
59$7,338,773$738,230$151,169$5,062,317
60$8,032,869$719,944$101,775$5,504,279
61$8,796,047$699,047$49,010$5,990,000
62$9,635,300$675,357$0$6,523,951
63$10,558,332$648,680$0$7,111,446
64$11,573,630$618,814$0$7,760,347
65$12,690,546$585,542$0$8,474,032
66$13,919,385$548,636$0$9,259,118
67$15,271,499$507,856$0$10,122,892
68$16,759,397$462,946$0$11,073,394
69$18,396,862$413,637$0$12,119,481
70$20,199,081$359,645$0$13,270,921
71$22,182,787$300,667$0$14,538,480
72$24,366,419$236,386$0$15,934,025
73$26,770,291$166,467$0$17,470,640
74$29,416,791$90,555$0$19,162,745
75$32,330,587$8,274$0$21,026,238
76$35,538,857$0$0$23,078,641
77$39,071,554$0$0$25,371,266
78$42,961,679$0$0$27,899,531
79$47,245,599$0$0$30,683,801
80$51,963,387$0$0$33,750,131
81$57,159,199$0$0$37,127,228
82$62,881,693$0$0$40,846,729
83$69,184,489$0$0$44,943,493
84$76,126,668$0$0$49,455,934
85$83,773,339$0$0$54,426,383
86$92,196,245$0$0$59,901,485
87$101,474,445$0$0$65,932,642
88$111,695,059$0$0$72,576,494
89$122,954,087$0$0$79,895,458
90$135,357,319$0$0$87,958,317
91$149,021,331$0$0$96,840,863
92$164,074,586$0$0$106,626,618
93$180,658,644$0$0$117,407,622
94$198,929,503$0$0$129,285,300
95$219,059,065$0$0$142,371,416
96$241,236,764$0$0$156,789,135
97$265,671,348$0$0$172,674,180
98$292,592,856$0$0$190,176,115
99$322,254,782$0$0$209,459,757
100$354,936,476$0$0$230,706,729