Can I retire at age 30 with 640,000?

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 $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%13.5%
1 years$52,851$52,380$51,921$51,472$51,034$50,293
2 years$26,164$25,676$25,204$24,746$24,302$23,556
3 years$17,269$16,780$16,309$15,855$15,418$14,692
4 years$12,823$12,335$11,869$11,423$10,996$10,295
5 years$10,156$9,671$9,211$8,774$8,359$7,684
6 years$8,378$7,897$7,443$7,016$6,614$5,967
7 years$7,109$6,632$6,186$5,769$5,379$4,760
8 years$6,158$5,685$5,246$4,839$4,463$3,871
9 years$5,418$4,950$4,518$4,122$3,758$3,194
10 years$4,827$4,363$3,939$3,553$3,202$2,665
11 years$4,343$3,884$3,468$3,092$2,754$2,243
12 years$3,941$3,486$3,078$2,712$2,387$1,902
13 years$3,600$3,150$2,750$2,395$2,081$1,621
14 years$3,309$2,864$2,471$2,126$1,824$1,389
15 years$3,056$2,616$2,231$1,896$1,606$1,195
16 years$2,835$2,400$2,022$1,697$1,420$1,031
17 years$2,641$2,210$1,840$1,525$1,259$892
18 years$2,468$2,042$1,680$1,374$1,119$774
19 years$2,314$1,893$1,538$1,242$998$673
20 years$2,175$1,759$1,411$1,125$891$586
21 years$2,050$1,638$1,298$1,021$797$511
22 years$1,936$1,529$1,197$928$715$446
23 years$1,832$1,430$1,105$845$642$390
24 years$1,737$1,340$1,022$771$577$341
25 years$1,650$1,258$946$704$519$299
26 years$1,570$1,182$878$644$467$262
27 years$1,495$1,112$815$589$421$230
28 years$1,426$1,048$758$540$380$202
29 years$1,362$989$705$495$343$177
30 years$1,303$934$657$454$310$156
31 years$1,247$883$612$417$280$137
32 years$1,195$835$571$384$254$120
33 years$1,146$791$533$353$230$106
34 years$1,100$750$498$324$208$93
35 years$1,057$711$466$299$188$82
36 years$1,016$675$436$275$171$72
37 years$978$641$408$253$155$63
38 years$942$609$382$234$140$56
39 years$908$579$358$215$127$49
40 years$875$551$335$199$115$43
41 years$844$525$315$183$105$38
42 years$815$500$295$169$95$33
43 years$787$476$277$156$86$29
44 years$760$454$260$144$78$26
45 years$735$433$244$133$71$23
46 years$711$413$229$123$64$20
47 years$688$394$215$114$59$18
48 years$666$376$202$105$53$16
49 years$645$359$190$97$48$14
50 years$625$343$179$90$44$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $640,000, adding $3,623 every year, while hoping to spend $49,403 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: 51/24/25 Blend
29$640,000$640,000$640,000$640,000
30$709,017$675,097$665,177$740,040
31$728,772$655,612$634,896$742,476
32$748,887$633,517$601,945$739,824
33$769,345$608,632$566,182$735,939
34$790,129$580,765$527,459$730,726
35$811,215$549,715$485,622$724,082
36$832,577$515,269$440,509$715,895
37$854,185$477,203$391,951$706,048
38$876,002$435,276$339,772$694,417
39$897,988$389,238$283,787$680,866
40$920,094$338,822$223,805$665,252
41$942,266$283,746$159,625$647,423
42$964,441$223,714$91,037$627,214
43$986,550$158,412$17,822$604,450
44$1,008,511$87,507$0$578,944
45$1,030,234$10,650$0$566,583
46$1,051,617$0$0$557,183
47$1,072,544$0$0$564,977
48$1,092,887$0$0$575,219
49$1,112,499$0$0$585,013
50$1,131,218$0$0$594,266
51$1,148,861$0$0$602,874
52$1,165,225$0$0$610,723
53$1,180,082$0$0$617,682
54$1,193,179$0$0$623,608
55$1,204,233$0$0$628,340
56$1,212,929$0$0$631,701
57$1,218,916$0$0$633,491
58$1,221,806$0$0$633,491
59$1,221,165$0$0$631,456
60$1,216,513$0$0$627,113
61$1,207,316$0$0$620,161
62$1,192,983$0$0$610,267
63$1,172,857$0$0$597,059
64$1,146,211$0$0$580,127
65$1,112,240$0$0$559,017
66$1,070,051$0$0$533,224
67$1,018,655$0$0$502,191
68$956,961$0$0$465,303
69$883,757$0$0$421,876
70$797,706$0$0$371,157
71$697,328$0$0$312,312
72$580,986$0$0$244,418
73$446,872$0$0$166,457
74$292,987$0$0$77,302
75$117,122$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$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