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%17.8%
1 years$52,768$52,298$51,839$51,392$50,955$49,343
2 years$26,123$25,636$25,165$24,708$24,264$22,655
3 years$17,242$16,754$16,283$15,830$15,394$13,838
4 years$12,803$12,316$11,850$11,405$10,979$9,488
5 years$10,140$9,656$9,196$8,760$8,346$6,924
6 years$8,365$7,885$7,432$7,005$6,604$5,252
7 years$7,098$6,621$6,176$5,760$5,371$4,089
8 years$6,148$5,676$5,238$4,832$4,456$3,243
9 years$5,410$4,942$4,511$4,115$3,752$2,608
10 years$4,819$4,356$3,933$3,548$3,197$2,119
11 years$4,336$3,878$3,463$3,087$2,750$1,735
12 years$3,934$3,481$3,073$2,708$2,383$1,430
13 years$3,594$3,145$2,745$2,391$2,078$1,185
14 years$3,303$2,859$2,467$2,122$1,821$986
15 years$3,051$2,612$2,227$1,893$1,604$823
16 years$2,831$2,396$2,019$1,695$1,417$689
17 years$2,637$2,207$1,837$1,523$1,257$578
18 years$2,464$2,039$1,677$1,372$1,117$486
19 years$2,310$1,890$1,536$1,240$996$409
20 years$2,172$1,756$1,409$1,123$890$345
21 years$2,047$1,636$1,296$1,019$796$291
22 years$1,933$1,527$1,195$927$714$246
23 years$1,829$1,428$1,103$844$641$208
24 years$1,735$1,338$1,020$770$576$176
25 years$1,647$1,256$945$703$518$149
26 years$1,567$1,180$876$643$467$126
27 years$1,493$1,111$814$588$421$107
28 years$1,424$1,047$756$539$380$90
29 years$1,360$987$704$494$343$77
30 years$1,301$932$656$454$310$65
31 years$1,245$882$611$417$280$55
32 years$1,193$834$570$383$253$47
33 years$1,144$790$533$352$229$40
34 years$1,099$749$498$324$208$34
35 years$1,055$710$465$298$188$29
36 years$1,015$674$435$275$170$24
37 years$977$640$407$253$154$21
38 years$940$608$381$233$140$17
39 years$906$578$357$215$127$15
40 years$874$550$335$198$115$13
41 years$843$524$314$183$104$11
42 years$814$499$295$169$95$9
43 years$786$475$276$156$86$8
44 years$759$453$260$144$78$7
45 years$734$432$244$133$71$6
46 years$710$412$229$123$64$5
47 years$687$393$215$113$58$4
48 years$665$376$202$105$53$3
49 years$644$359$190$97$48$3
50 years$624$343$179$90$44$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $639,000, adding $2,801 every year, while hoping to spend $48,292 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: 69/19/12 Blend
29$639,000$639,000$639,000$639,000
30$707,067$673,200$663,296$753,835
31$727,806$654,805$634,134$766,865
32$749,041$633,889$602,376$775,040
33$770,773$610,279$567,886$782,721
34$792,999$583,791$530,517$789,851
35$815,716$554,228$490,121$796,372
36$838,918$521,384$446,539$802,216
37$862,597$485,040$399,607$807,315
38$886,741$444,966$349,153$811,592
39$911,336$400,918$294,997$814,967
40$936,367$352,637$236,954$817,352
41$961,810$299,850$174,826$818,652
42$987,642$242,270$108,410$818,765
43$1,013,832$179,592$37,492$817,582
44$1,040,345$111,494$0$814,985
45$1,067,140$37,637$0$815,736
46$1,094,170$0$0$820,249
47$1,121,380$0$0$832,452
48$1,148,706$0$0$852,593
49$1,176,077$0$0$872,749
50$1,203,412$0$0$892,856
51$1,230,617$0$0$912,843
52$1,257,588$0$0$932,629
53$1,284,205$0$0$952,125
54$1,310,335$0$0$971,226
55$1,335,827$0$0$989,818
56$1,360,512$0$0$1,007,772
57$1,384,200$0$0$1,024,942
58$1,406,680$0$0$1,041,166
59$1,427,713$0$0$1,056,263
60$1,447,034$0$0$1,070,031
61$1,464,348$0$0$1,082,242
62$1,479,324$0$0$1,092,646
63$1,491,594$0$0$1,100,962
64$1,500,749$0$0$1,106,877
65$1,506,333$0$0$1,110,044
66$1,507,842$0$0$1,110,077
67$1,504,712$0$0$1,106,549
68$1,496,319$0$0$1,098,983
69$1,481,971$0$0$1,086,851
70$1,460,900$0$0$1,069,569
71$1,432,255$0$0$1,046,488
72$1,395,091$0$0$1,016,888
73$1,348,365$0$0$979,975
74$1,290,918$0$0$934,867
75$1,221,469$0$0$880,588
76$1,138,601$0$0$816,059
77$1,040,746$0$0$740,086
78$926,169$0$0$651,348
79$792,952$0$0$548,387
80$638,975$0$0$429,587
81$461,894$0$0$293,165
82$259,120$0$0$137,151
83$27,791$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0