Can I retire at age 30 with 640,000?

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 $640,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$52,851$52,380$51,921$51,472$51,034$49,680
2 years$26,164$25,676$25,204$24,746$24,302$22,947
3 years$17,269$16,780$16,309$15,855$15,418$14,105
4 years$12,823$12,335$11,869$11,423$10,996$9,735
5 years$10,156$9,671$9,211$8,774$8,359$7,153
6 years$8,378$7,897$7,443$7,016$6,614$5,464
7 years$7,109$6,632$6,186$5,769$5,379$4,286
8 years$6,158$5,685$5,246$4,839$4,463$3,425
9 years$5,418$4,950$4,518$4,122$3,758$2,776
10 years$4,827$4,363$3,939$3,553$3,202$2,274
11 years$4,343$3,884$3,468$3,092$2,754$1,878
12 years$3,941$3,486$3,078$2,712$2,387$1,561
13 years$3,600$3,150$2,750$2,395$2,081$1,305
14 years$3,309$2,864$2,471$2,126$1,824$1,095
15 years$3,056$2,616$2,231$1,896$1,606$923
16 years$2,835$2,400$2,022$1,697$1,420$780
17 years$2,641$2,210$1,840$1,525$1,259$660
18 years$2,468$2,042$1,680$1,374$1,119$560
19 years$2,314$1,893$1,538$1,242$998$476
20 years$2,175$1,759$1,411$1,125$891$406
21 years$2,050$1,638$1,298$1,021$797$346
22 years$1,936$1,529$1,197$928$715$295
23 years$1,832$1,430$1,105$845$642$252
24 years$1,737$1,340$1,022$771$577$215
25 years$1,650$1,258$946$704$519$184
26 years$1,570$1,182$878$644$467$158
27 years$1,495$1,112$815$589$421$135
28 years$1,426$1,048$758$540$380$116
29 years$1,362$989$705$495$343$99
30 years$1,303$934$657$454$310$85
31 years$1,247$883$612$417$280$73
32 years$1,195$835$571$384$254$62
33 years$1,146$791$533$353$230$53
34 years$1,100$750$498$324$208$46
35 years$1,057$711$466$299$188$39
36 years$1,016$675$436$275$171$34
37 years$978$641$408$253$155$29
38 years$942$609$382$234$140$25
39 years$908$579$358$215$127$21
40 years$875$551$335$199$115$18
41 years$844$525$315$183$105$16
42 years$815$500$295$169$95$13
43 years$787$476$277$156$86$12
44 years$760$454$260$144$78$10
45 years$735$433$244$133$71$9
46 years$711$413$229$123$64$7
47 years$688$394$215$114$59$6
48 years$666$376$202$105$53$5
49 years$645$359$190$97$48$5
50 years$625$343$179$90$44$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $640,000, adding $6,643 every year, while hoping to spend $25,927 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: 28/43/29 Blend
29$640,000$640,000$640,000$640,000
30$712,132$678,212$668,292$725,547
31$757,184$683,859$663,094$742,481
32$805,961$688,913$656,852$757,992
33$858,818$693,318$649,506$774,140
34$916,141$697,014$640,988$790,997
35$978,358$699,938$631,231$808,646
36$1,045,937$702,022$620,164$827,180
37$1,119,395$703,193$607,712$846,702
38$1,199,298$703,374$593,795$867,330
39$1,286,272$702,485$578,333$889,195
40$1,381,003$700,439$561,239$912,445
41$1,484,249$697,144$542,423$937,245
42$1,596,840$692,502$521,793$963,780
43$1,719,694$686,410$499,249$992,255
44$1,853,818$678,760$474,689$1,022,904
45$2,000,322$669,433$448,005$1,055,982
46$2,160,428$658,309$419,087$1,091,779
47$2,335,481$645,256$387,816$1,130,615
48$2,526,963$630,135$354,070$1,172,848
49$2,736,503$612,802$317,721$1,218,879
50$2,965,898$593,101$278,636$1,269,150
51$3,217,124$570,868$236,676$1,324,156
52$3,492,360$545,929$191,693$1,384,448
53$3,794,003$518,102$143,538$1,450,637
54$4,124,695$487,193$92,049$1,523,403
55$4,487,344$452,995$37,063$1,603,502
56$4,885,154$415,292$0$1,691,771
57$5,321,653$373,856$0$1,795,833
58$5,800,729$328,442$0$1,922,704
59$6,326,664$278,796$0$2,062,110
60$6,904,173$224,646$0$2,215,383
61$7,538,452$165,707$0$2,383,997
62$8,235,224$101,677$0$2,569,581
63$9,000,794$32,236$0$2,773,937
64$9,842,108$0$0$2,999,054
65$10,766,817$0$0$3,267,457
66$11,783,353$0$0$3,579,395
67$12,901,002$0$0$3,922,478
68$14,129,998$0$0$4,299,862
69$15,481,614$0$0$4,715,023
70$16,968,271$0$0$5,171,794
71$18,603,654$0$0$5,674,393
72$20,402,841$0$0$6,227,473
73$22,382,447$0$0$6,836,158
74$24,560,775$0$0$7,506,092
75$26,957,996$0$0$8,243,499
76$29,596,332$0$0$9,055,232
77$32,500,270$0$0$9,948,845
78$35,696,790$0$0$10,932,661
79$39,215,622$0$0$12,015,851
80$43,089,525$0$0$13,208,520
81$47,354,594$0$0$14,521,803
82$52,050,603$0$0$15,967,971
83$57,221,379$0$0$17,560,543
84$62,915,215$0$0$19,314,419
85$69,185,326$0$0$21,246,016
86$76,090,350$0$0$23,373,423
87$83,694,902$0$0$25,716,576
88$92,070,184$0$0$28,297,440
89$101,294,654$0$0$31,140,223
90$111,454,769$0$0$34,271,598
91$122,645,800$0$0$37,720,957
92$134,972,729$0$0$41,520,692
93$148,551,243$0$0$45,706,493
94$163,508,820$0$0$50,317,693
95$179,985,939$0$0$55,397,634
96$198,137,400$0$0$60,994,075
97$218,133,786$0$0$67,159,649
98$240,163,074$0$0$73,952,354
99$264,432,408$0$0$81,436,100
100$291,170,054$0$0$89,681,317