Can I retire at age 30 with 641,000?

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 $641,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$52,933$52,462$52,002$51,553$51,114$49,960
2 years$26,205$25,717$25,244$24,785$24,340$23,183
3 years$17,296$16,806$16,334$15,880$15,442$14,319
4 years$12,843$12,354$11,887$11,441$11,014$9,933
5 years$10,172$9,686$9,225$8,787$8,372$7,337
6 years$8,391$7,909$7,455$7,027$6,625$5,636
7 years$7,120$6,642$6,195$5,778$5,388$4,445
8 years$6,167$5,694$5,254$4,847$4,470$3,573
9 years$5,426$4,957$4,525$4,128$3,764$2,913
10 years$4,834$4,370$3,945$3,559$3,207$2,401
11 years$4,350$3,890$3,473$3,097$2,758$1,996
12 years$3,947$3,491$3,083$2,717$2,390$1,670
13 years$3,606$3,155$2,754$2,398$2,084$1,405
14 years$3,314$2,868$2,474$2,129$1,827$1,188
15 years$3,061$2,620$2,234$1,899$1,609$1,008
16 years$2,840$2,404$2,026$1,700$1,422$858
17 years$2,645$2,214$1,843$1,527$1,261$732
18 years$2,472$2,046$1,683$1,377$1,121$625
19 years$2,318$1,896$1,540$1,244$999$536
20 years$2,179$1,762$1,414$1,127$892$460
21 years$2,053$1,641$1,300$1,022$799$395
22 years$1,939$1,532$1,198$930$716$339
23 years$1,835$1,433$1,107$847$643$292
24 years$1,740$1,342$1,023$772$578$252
25 years$1,653$1,260$948$705$520$217
26 years$1,572$1,184$879$645$468$187
27 years$1,498$1,114$816$590$422$162
28 years$1,429$1,050$759$541$381$139
29 years$1,365$990$706$496$344$120
30 years$1,305$935$658$455$311$104
31 years$1,249$884$613$418$281$90
32 years$1,197$837$572$384$254$78
33 years$1,148$792$534$353$230$67
34 years$1,102$751$499$325$208$58
35 years$1,059$712$467$299$189$50
36 years$1,018$676$437$276$171$43
37 years$980$642$409$254$155$38
38 years$943$610$383$234$140$33
39 years$909$580$358$216$127$28
40 years$876$552$336$199$115$24
41 years$845$526$315$184$105$21
42 years$816$500$296$169$95$18
43 years$788$477$277$156$86$16
44 years$762$455$260$144$78$14
45 years$736$433$244$133$71$12
46 years$712$414$230$123$65$10
47 years$689$395$216$114$59$9
48 years$667$377$203$105$53$8
49 years$646$360$191$97$48$7
50 years$626$344$179$90$44$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $641,000, adding $4,460 every year, while hoping to spend $37,193 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: 45/39/16 Blend
29$641,000$641,000$641,000$641,000
30$710,982$677,009$667,074$739,531
31$743,930$670,610$649,848$753,512
32$778,991$662,650$630,798$764,580
33$816,342$653,015$609,825$775,783
34$856,178$641,581$586,822$787,149
35$898,708$628,218$561,681$798,712
36$944,165$612,790$534,286$810,511
37$992,803$595,150$504,518$822,594
38$1,044,901$575,144$472,251$835,015
39$1,100,764$552,609$437,354$847,837
40$1,160,727$527,372$399,691$861,132
41$1,225,159$499,251$359,118$874,986
42$1,294,463$468,052$315,486$889,495
43$1,369,082$433,571$268,639$904,769
44$1,449,504$395,592$218,415$920,934
45$1,536,264$353,886$164,642$938,136
46$1,629,949$308,212$107,143$956,536
47$1,731,204$258,315$45,733$976,320
48$1,840,741$203,926$0$997,699
49$1,959,338$144,760$0$1,024,289
50$2,087,853$80,516$0$1,061,530
51$2,227,230$10,877$0$1,101,944
52$2,378,505$0$0$1,145,907
53$2,542,820$0$0$1,221,517
54$2,721,428$0$0$1,308,846
55$2,915,711$0$0$1,403,908
56$3,127,186$0$0$1,507,456
57$3,357,526$0$0$1,620,317
58$3,608,567$0$0$1,743,401
59$3,882,335$0$0$1,877,711
60$4,181,057$0$0$2,024,349
61$4,507,185$0$0$2,184,531
62$4,863,416$0$0$2,359,593
63$5,252,723$0$0$2,551,007
64$5,678,376$0$0$2,760,393
65$6,143,977$0$0$2,989,536
66$6,653,491$0$0$3,240,400
67$7,211,284$0$0$3,515,149
68$7,822,165$0$0$3,816,166
69$8,491,429$0$0$4,146,074
70$9,224,907$0$0$4,507,764
71$10,029,022$0$0$4,904,418
72$10,910,846$0$0$5,339,542
73$11,878,170$0$0$5,816,997
74$12,939,576$0$0$6,341,036
75$14,104,515$0$0$6,916,345
76$15,383,398$0$0$7,548,083
77$16,787,694$0$0$8,241,937
78$18,330,037$0$0$9,004,168
79$20,024,344$0$0$9,841,675
80$21,885,947$0$0$10,762,059
81$23,931,735$0$0$11,773,693
82$26,180,316$0$0$12,885,802
83$28,652,190$0$0$14,108,548
84$31,369,943$0$0$15,453,129
85$34,358,455$0$0$16,931,881
86$37,645,143$0$0$18,558,395
87$41,260,209$0$0$20,347,647
88$45,236,933$0$0$22,316,136
89$49,611,981$0$0$24,482,041
90$54,425,751$0$0$26,865,393
91$59,722,756$0$0$29,488,261
92$65,552,041$0$0$32,374,964
93$71,967,647$0$0$35,552,295
94$79,029,118$0$0$39,049,780
95$86,802,063$0$0$42,899,949
96$95,358,775$0$0$47,138,649
97$104,778,913$0$0$51,805,378
98$115,150,253$0$0$56,943,659
99$126,569,511$0$0$62,601,450
100$139,143,262$0$0$68,831,596