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%18.9%
1 years$52,851$52,380$51,921$51,472$51,034$49,204
2 years$26,164$25,676$25,204$24,746$24,302$22,478
3 years$17,269$16,780$16,309$15,855$15,418$13,658
4 years$12,823$12,335$11,869$11,423$10,996$9,313
5 years$10,156$9,671$9,211$8,774$8,359$6,757
6 years$8,378$7,897$7,443$7,016$6,614$5,094
7 years$7,109$6,632$6,186$5,769$5,379$3,941
8 years$6,158$5,685$5,246$4,839$4,463$3,106
9 years$5,418$4,950$4,518$4,122$3,758$2,480
10 years$4,827$4,363$3,939$3,553$3,202$2,001
11 years$4,343$3,884$3,468$3,092$2,754$1,627
12 years$3,941$3,486$3,078$2,712$2,387$1,332
13 years$3,600$3,150$2,750$2,395$2,081$1,095
14 years$3,309$2,864$2,471$2,126$1,824$904
15 years$3,056$2,616$2,231$1,896$1,606$749
16 years$2,835$2,400$2,022$1,697$1,420$622
17 years$2,641$2,210$1,840$1,525$1,259$517
18 years$2,468$2,042$1,680$1,374$1,119$431
19 years$2,314$1,893$1,538$1,242$998$360
20 years$2,175$1,759$1,411$1,125$891$301
21 years$2,050$1,638$1,298$1,021$797$252
22 years$1,936$1,529$1,197$928$715$211
23 years$1,832$1,430$1,105$845$642$177
24 years$1,737$1,340$1,022$771$577$148
25 years$1,650$1,258$946$704$519$124
26 years$1,570$1,182$878$644$467$104
27 years$1,495$1,112$815$589$421$88
28 years$1,426$1,048$758$540$380$74
29 years$1,362$989$705$495$343$62
30 years$1,303$934$657$454$310$52
31 years$1,247$883$612$417$280$44
32 years$1,195$835$571$384$254$37
33 years$1,146$791$533$353$230$31
34 years$1,100$750$498$324$208$26
35 years$1,057$711$466$299$188$22
36 years$1,016$675$436$275$171$18
37 years$978$641$408$253$155$15
38 years$942$609$382$234$140$13
39 years$908$579$358$215$127$11
40 years$875$551$335$199$115$9
41 years$844$525$315$183$105$8
42 years$815$500$295$169$95$6
43 years$787$476$277$156$86$5
44 years$760$454$260$144$78$5
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 $3,398 every year, while hoping to spend $44,044 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: 71/15/14 Blend
29$640,000$640,000$640,000$640,000
30$708,785$674,865$664,945$756,672
31$734,219$661,071$640,358$775,098
32$760,770$645,125$613,472$789,598
33$788,508$626,875$584,162$804,316
34$817,503$606,160$552,299$819,266
35$847,837$582,809$517,749$834,463
36$879,593$556,644$480,370$849,926
37$912,864$527,472$440,016$865,674
38$947,751$495,093$396,531$881,734
39$984,363$459,294$349,756$898,134
40$1,022,817$419,848$299,522$914,906
41$1,063,242$376,518$245,653$932,088
42$1,105,777$329,052$187,967$949,723
43$1,150,575$277,184$126,273$967,861
44$1,197,800$220,633$60,369$986,557
45$1,247,633$159,101$0$1,005,878
46$1,300,270$92,276$0$1,027,382
47$1,355,925$19,825$0$1,059,387
48$1,414,833$0$0$1,092,991
49$1,477,248$0$0$1,138,009
50$1,543,450$0$0$1,189,246
51$1,613,744$0$0$1,243,666
52$1,688,462$0$0$1,301,530
53$1,767,971$0$0$1,363,123
54$1,852,669$0$0$1,428,757
55$1,942,993$0$0$1,498,773
56$2,039,424$0$0$1,573,546
57$2,142,485$0$0$1,653,485
58$2,252,751$0$0$1,739,041
59$2,370,855$0$0$1,830,706
60$2,497,487$0$0$1,929,020
61$2,633,408$0$0$2,034,577
62$2,779,449$0$0$2,148,028
63$2,936,525$0$0$2,270,088
64$3,105,641$0$0$2,401,541
65$3,287,899$0$0$2,543,250
66$3,484,510$0$0$2,696,160
67$3,696,804$0$0$2,861,312
68$3,926,244$0$0$3,039,850
69$4,174,436$0$0$3,233,028
70$4,443,147$0$0$3,442,230
71$4,734,319$0$0$3,668,971
72$5,050,086$0$0$3,914,923
73$5,392,796$0$0$4,181,921
74$5,765,032$0$0$4,471,985
75$6,169,635$0$0$4,787,335
76$6,609,730$0$0$5,130,417
77$7,088,753$0$0$5,503,918
78$7,610,490$0$0$5,910,797
79$8,179,102$0$0$6,354,311
80$8,799,171$0$0$6,838,042
81$9,475,740$0$0$7,365,935
82$10,214,360$0$0$7,942,332
83$11,021,139$0$0$8,572,010
84$11,902,805$0$0$9,260,232
85$12,866,762$0$0$10,012,789
86$13,921,164$0$0$10,836,060
87$15,074,988$0$0$11,737,066
88$16,338,118$0$0$12,723,541
89$17,721,441$0$0$13,803,998
90$19,236,942$0$0$14,987,816
91$20,897,824$0$0$16,285,322
92$22,718,625$0$0$17,707,888
93$24,715,359$0$0$19,268,042
94$26,905,662$0$0$20,979,582
95$29,308,959$0$0$22,857,704
96$31,946,649$0$0$24,919,148
97$34,842,301$0$0$27,182,352
98$38,021,878$0$0$29,667,629
99$41,513,980$0$0$32,397,354
100$45,350,114$0$0$35,396,175