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%19.1%
1 years$52,851$52,380$51,921$51,472$51,034$49,165
2 years$26,164$25,676$25,204$24,746$24,302$22,440
3 years$17,269$16,780$16,309$15,855$15,418$13,621
4 years$12,823$12,335$11,869$11,423$10,996$9,278
5 years$10,156$9,671$9,211$8,774$8,359$6,725
6 years$8,378$7,897$7,443$7,016$6,614$5,065
7 years$7,109$6,632$6,186$5,769$5,379$3,914
8 years$6,158$5,685$5,246$4,839$4,463$3,080
9 years$5,418$4,950$4,518$4,122$3,758$2,457
10 years$4,827$4,363$3,939$3,553$3,202$1,980
11 years$4,343$3,884$3,468$3,092$2,754$1,608
12 years$3,941$3,486$3,078$2,712$2,387$1,314
13 years$3,600$3,150$2,750$2,395$2,081$1,079
14 years$3,309$2,864$2,471$2,126$1,824$890
15 years$3,056$2,616$2,231$1,896$1,606$736
16 years$2,835$2,400$2,022$1,697$1,420$610
17 years$2,641$2,210$1,840$1,525$1,259$507
18 years$2,468$2,042$1,680$1,374$1,119$422
19 years$2,314$1,893$1,538$1,242$998$352
20 years$2,175$1,759$1,411$1,125$891$294
21 years$2,050$1,638$1,298$1,021$797$245
22 years$1,936$1,529$1,197$928$715$205
23 years$1,832$1,430$1,105$845$642$172
24 years$1,737$1,340$1,022$771$577$144
25 years$1,650$1,258$946$704$519$120
26 years$1,570$1,182$878$644$467$101
27 years$1,495$1,112$815$589$421$85
28 years$1,426$1,048$758$540$380$71
29 years$1,362$989$705$495$343$59
30 years$1,303$934$657$454$310$50
31 years$1,247$883$612$417$280$42
32 years$1,195$835$571$384$254$35
33 years$1,146$791$533$353$230$29
34 years$1,100$750$498$324$208$25
35 years$1,057$711$466$299$188$21
36 years$1,016$675$436$275$171$17
37 years$978$641$408$253$155$15
38 years$942$609$382$234$140$12
39 years$908$579$358$215$127$10
40 years$875$551$335$199$115$9
41 years$844$525$315$183$105$7
42 years$815$500$295$169$95$6
43 years$787$476$277$156$86$5
44 years$760$454$260$144$78$4
45 years$735$433$244$133$71$4
46 years$711$413$229$123$64$3
47 years$688$394$215$114$59$3
48 years$666$376$202$105$53$2
49 years$645$359$190$97$48$2
50 years$625$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 $640,000, adding $4,991 every year, while hoping to spend $42,817 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: 50/39/11 Blend
29$640,000$640,000$640,000$640,000
30$710,428$676,508$666,588$743,613
31$737,335$664,100$643,362$754,464
32$765,551$649,649$617,923$761,313
33$795,165$633,010$590,151$767,775
34$826,273$614,028$559,922$773,826
35$858,979$592,541$527,105$779,442
36$893,396$568,377$491,564$784,599
37$929,648$541,353$453,157$789,275
38$967,869$511,276$411,735$793,449
39$1,008,205$477,943$367,142$797,100
40$1,050,817$441,137$319,216$800,208
41$1,095,878$400,631$267,788$802,759
42$1,143,579$356,182$212,680$804,737
43$1,194,126$307,538$153,707$806,132
44$1,247,747$254,427$90,676$806,937
45$1,304,690$196,567$23,387$807,150
46$1,365,226$133,656$0$806,774
47$1,429,651$65,378$0$811,500
48$1,498,291$0$0$818,960
49$1,571,501$0$0$830,149
50$1,649,670$0$0$872,094
51$1,733,225$0$0$916,972
52$1,822,635$0$0$965,038
53$1,918,412$0$0$1,016,576
54$2,021,119$0$0$1,071,893
55$2,131,373$0$0$1,131,328
56$2,249,853$0$0$1,195,254
57$2,377,302$0$0$1,264,079
58$2,514,536$0$0$1,338,252
59$2,662,453$0$0$1,418,266
60$2,822,038$0$0$1,504,661
61$2,994,372$0$0$1,598,034
62$3,180,646$0$0$1,699,037
63$3,382,167$0$0$1,808,390
64$3,600,372$0$0$1,926,882
65$3,836,839$0$0$2,055,383
66$4,093,308$0$0$2,194,847
67$4,371,687$0$0$2,346,326
68$4,674,077$0$0$2,510,976
69$5,002,791$0$0$2,690,067
70$5,360,370$0$0$2,884,999
71$5,749,612$0$0$3,097,312
72$6,173,595$0$0$3,328,698
73$6,635,706$0$0$3,581,024
74$7,139,673$0$0$3,856,339
75$7,689,600$0$0$4,156,904
76$8,290,001$0$0$4,485,203
77$8,945,850$0$0$4,843,974
78$9,662,619$0$0$5,236,230
79$10,446,333$0$0$5,665,289
80$11,303,627$0$0$6,134,803
81$12,241,806$0$0$6,648,794
82$13,268,913$0$0$7,211,692
83$14,393,806$0$0$7,828,375
84$15,626,240$0$0$8,504,213
85$16,976,956$0$0$9,245,123
86$18,457,785$0$0$10,057,621
87$20,081,758$0$0$10,948,883
88$21,863,227$0$0$11,926,813
89$23,817,998$0$0$13,000,118
90$25,963,486$0$0$14,178,388
91$28,318,869$0$0$15,472,188
92$30,905,274$0$0$16,893,155
93$33,745,977$0$0$18,454,109
94$36,866,614$0$0$20,169,172
95$40,295,431$0$0$22,053,904
96$44,063,542$0$0$24,125,444
97$48,205,228$0$0$26,402,675
98$52,758,251$0$0$28,906,401
99$57,764,220$0$0$31,659,543
100$63,268,974$0$0$34,687,353