Can I retire at age 30 with 639,000?

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 $639,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$52,768$52,298$51,839$51,392$50,955$49,683
2 years$26,123$25,636$25,165$24,708$24,264$22,991
3 years$17,242$16,754$16,283$15,830$15,394$14,159
4 years$12,803$12,316$11,850$11,405$10,979$9,792
5 years$10,140$9,656$9,196$8,760$8,346$7,210
6 years$8,365$7,885$7,432$7,005$6,604$5,520
7 years$7,098$6,621$6,176$5,760$5,371$4,339
8 years$6,148$5,676$5,238$4,832$4,456$3,476
9 years$5,410$4,942$4,511$4,115$3,752$2,824
10 years$4,819$4,356$3,933$3,548$3,197$2,319
11 years$4,336$3,878$3,463$3,087$2,750$1,920
12 years$3,934$3,481$3,073$2,708$2,383$1,601
13 years$3,594$3,145$2,745$2,391$2,078$1,341
14 years$3,303$2,859$2,467$2,122$1,821$1,129
15 years$3,051$2,612$2,227$1,893$1,604$954
16 years$2,831$2,396$2,019$1,695$1,417$808
17 years$2,637$2,207$1,837$1,523$1,257$687
18 years$2,464$2,039$1,677$1,372$1,117$584
19 years$2,310$1,890$1,536$1,240$996$498
20 years$2,172$1,756$1,409$1,123$890$425
21 years$2,047$1,636$1,296$1,019$796$364
22 years$1,933$1,527$1,195$927$714$311
23 years$1,829$1,428$1,103$844$641$267
24 years$1,735$1,338$1,020$770$576$229
25 years$1,647$1,256$945$703$518$196
26 years$1,567$1,180$876$643$467$168
27 years$1,493$1,111$814$588$421$145
28 years$1,424$1,047$756$539$380$124
29 years$1,360$987$704$494$343$107
30 years$1,301$932$656$454$310$92
31 years$1,245$882$611$417$280$79
32 years$1,193$834$570$383$253$68
33 years$1,144$790$533$352$229$58
34 years$1,099$749$498$324$208$50
35 years$1,055$710$465$298$188$43
36 years$1,015$674$435$275$170$37
37 years$977$640$407$253$154$32
38 years$940$608$381$233$140$28
39 years$906$578$357$215$127$24
40 years$874$550$335$198$115$20
41 years$843$524$314$183$104$18
42 years$814$499$295$169$95$15
43 years$786$475$276$156$86$13
44 years$759$453$260$144$78$11
45 years$734$432$244$133$71$10
46 years$710$412$229$123$64$8
47 years$687$393$215$113$58$7
48 years$665$376$202$105$53$6
49 years$644$359$190$97$48$5
50 years$624$343$179$90$44$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $639,000, adding $3,070 every year, while hoping to spend $24,688 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: 76/9/15 Blend
29$639,000$639,000$639,000$639,000
30$707,345$673,478$663,573$758,593
31$753,226$680,210$659,535$799,589
32$802,960$686,445$654,534$841,127
33$856,913$692,132$648,512$885,992
34$915,489$697,218$641,408$934,506
35$979,131$701,644$633,158$987,026
36$1,048,329$705,351$623,695$1,043,944
37$1,123,618$708,273$612,949$1,105,694
38$1,205,590$710,341$600,845$1,172,753
39$1,294,896$711,483$587,309$1,245,647
40$1,392,249$711,620$572,258$1,324,955
41$1,498,440$710,670$555,610$1,411,316
42$1,614,333$708,545$537,275$1,505,434
43$1,740,883$705,153$517,162$1,608,085
44$1,879,142$700,393$495,175$1,720,126
45$2,030,264$694,162$471,213$1,842,498
46$2,195,523$686,349$445,171$1,976,243
47$2,376,321$676,834$416,939$2,122,504
48$2,574,202$665,495$386,403$2,282,547
49$2,790,864$652,198$353,441$2,457,763
50$3,028,180$636,804$317,929$2,649,687
51$3,288,211$619,163$279,736$2,860,011
52$3,573,226$599,120$238,725$3,090,601
53$3,885,726$576,508$194,753$3,343,512
54$4,228,464$551,150$147,671$3,621,011
55$4,604,472$522,861$97,323$3,925,596
56$5,017,091$491,445$43,546$4,260,022
57$5,470,001$456,692$0$4,627,324
58$5,967,254$418,383$0$5,033,063
59$6,513,316$376,286$0$5,486,296
60$7,113,104$330,154$0$5,984,141
61$7,772,036$279,727$0$6,531,111
62$8,496,082$224,731$0$7,132,179
63$9,291,816$164,877$0$7,792,824
64$10,166,483$99,857$0$8,519,084
65$11,128,063$29,349$0$9,317,613
66$12,185,349$0$0$10,195,743
67$13,348,028$0$0$11,166,205
68$14,626,773$0$0$12,236,770
69$16,033,344$0$0$13,414,377
70$17,580,696$0$0$14,709,879
71$19,283,105$0$0$16,135,229
72$21,156,298$0$0$17,703,601
73$23,217,606$0$0$19,429,508
74$25,486,123$0$0$21,328,942
75$27,982,889$0$0$23,419,524
76$30,731,087$0$0$25,720,668
77$33,756,260$0$0$28,253,768
78$37,086,555$0$0$31,042,396
79$40,752,985$0$0$34,112,527
80$44,789,724$0$0$37,492,781
81$49,234,429$0$0$41,214,696
82$54,128,592$0$0$45,313,022
83$59,517,936$0$0$49,826,051
84$65,452,842$0$0$54,795,980
85$71,988,827$0$0$60,269,302
86$79,187,066$0$0$66,297,254
87$87,114,970$0$0$72,936,292
88$95,846,821$0$0$80,248,628
89$105,464,474$0$0$88,302,817
90$116,058,128$0$0$97,174,402
91$127,727,177$0$0$106,946,626
92$140,581,149$0$0$117,711,220
93$154,740,739$0$0$129,569,268
94$170,338,948$0$0$142,632,160
95$187,522,335$0$0$157,022,642
96$206,452,405$0$0$172,875,976
97$227,307,130$0$0$190,341,216
98$250,282,630$0$0$209,582,615
99$275,595,020$0$0$230,781,175
100$303,482,457$0$0$254,136,353