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%17.7%
1 years$52,933$52,462$52,002$51,553$51,114$49,518
2 years$26,205$25,717$25,244$24,785$24,340$22,746
3 years$17,296$16,806$16,334$15,880$15,442$13,900
4 years$12,843$12,354$11,887$11,441$11,014$9,536
5 years$10,172$9,686$9,225$8,787$8,372$6,963
6 years$8,391$7,909$7,455$7,027$6,625$5,284
7 years$7,120$6,642$6,195$5,778$5,388$4,116
8 years$6,167$5,694$5,254$4,847$4,470$3,267
9 years$5,426$4,957$4,525$4,128$3,764$2,628
10 years$4,834$4,370$3,945$3,559$3,207$2,137
11 years$4,350$3,890$3,473$3,097$2,758$1,751
12 years$3,947$3,491$3,083$2,717$2,390$1,444
13 years$3,606$3,155$2,754$2,398$2,084$1,197
14 years$3,314$2,868$2,474$2,129$1,827$997
15 years$3,061$2,620$2,234$1,899$1,609$833
16 years$2,840$2,404$2,026$1,700$1,422$698
17 years$2,645$2,214$1,843$1,527$1,261$586
18 years$2,472$2,046$1,683$1,377$1,121$493
19 years$2,318$1,896$1,540$1,244$999$415
20 years$2,179$1,762$1,414$1,127$892$350
21 years$2,053$1,641$1,300$1,022$799$296
22 years$1,939$1,532$1,198$930$716$250
23 years$1,835$1,433$1,107$847$643$211
24 years$1,740$1,342$1,023$772$578$179
25 years$1,653$1,260$948$705$520$152
26 years$1,572$1,184$879$645$468$128
27 years$1,498$1,114$816$590$422$109
28 years$1,429$1,050$759$541$381$92
29 years$1,365$990$706$496$344$78
30 years$1,305$935$658$455$311$66
31 years$1,249$884$613$418$281$56
32 years$1,197$837$572$384$254$48
33 years$1,148$792$534$353$230$41
34 years$1,102$751$499$325$208$35
35 years$1,059$712$467$299$189$29
36 years$1,018$676$437$276$171$25
37 years$980$642$409$254$155$21
38 years$943$610$383$234$140$18
39 years$909$580$358$216$127$15
40 years$876$552$336$199$115$13
41 years$845$526$315$184$105$11
42 years$816$500$296$169$95$9
43 years$788$477$277$156$86$8
44 years$762$455$260$144$78$7
45 years$736$433$244$133$71$6
46 years$712$414$230$123$65$5
47 years$689$395$216$114$59$4
48 years$667$377$203$105$53$4
49 years$646$360$191$97$48$3
50 years$626$344$179$90$44$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $641,000, adding $4,061 every year, while hoping to spend $20,627 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: 74/10/16 Blend
29$641,000$641,000$641,000$641,000
30$710,571$676,598$666,662$760,312
31$761,102$687,804$667,049$804,999
32$816,096$698,868$666,756$851,017
33$875,987$709,762$665,741$900,893
34$941,250$720,453$663,957$955,003
35$1,012,412$730,909$661,354$1,013,766
36$1,090,050$741,096$657,881$1,077,639
37$1,174,799$750,974$653,484$1,147,129
38$1,267,361$760,503$648,107$1,222,793
39$1,368,504$769,640$641,692$1,305,245
40$1,479,078$778,339$634,175$1,395,161
41$1,600,017$786,551$625,493$1,493,288
42$1,732,349$794,222$615,577$1,600,448
43$1,877,206$801,296$604,356$1,717,546
44$2,035,835$807,714$591,757$1,845,581
45$2,209,610$813,412$577,700$1,985,653
46$2,400,043$818,322$562,106$2,138,976
47$2,608,800$822,372$544,889$2,306,884
48$2,837,714$825,484$525,959$2,490,853
49$3,088,806$827,578$505,223$2,692,505
50$3,364,301$828,567$482,585$2,913,629
51$3,666,650$828,357$457,943$3,156,199
52$3,998,554$826,852$431,189$3,422,388
53$4,362,985$823,947$402,213$3,714,592
54$4,763,221$819,532$370,899$4,035,453
55$5,202,871$813,489$337,124$4,387,880
56$5,685,909$805,696$300,763$4,775,083
57$6,216,716$796,019$261,683$5,200,596
58$6,800,117$784,320$219,745$5,668,319
59$7,441,427$770,450$174,805$6,182,545
60$8,146,504$754,253$126,713$6,748,011
61$8,921,799$735,563$75,309$7,369,934
62$9,774,421$714,205$20,431$8,054,065
63$10,712,203$689,991$0$8,806,745
64$11,743,773$662,727$0$9,641,469
65$12,878,640$632,202$0$10,563,575
66$14,127,278$598,197$0$11,578,090
67$15,501,231$560,479$0$12,694,401
68$17,013,216$518,802$0$13,922,854
69$18,677,245$472,904$0$15,274,849
70$20,508,758$422,511$0$16,762,946
71$22,524,768$367,331$0$18,400,989
72$24,744,022$307,057$0$20,204,233
73$27,187,173$241,364$0$22,189,486
74$29,876,983$169,908$0$24,375,274
75$32,838,529$92,328$0$26,782,009
76$36,099,448$8,241$0$29,432,187
77$39,690,189$0$0$32,350,596
78$43,644,306$0$0$35,573,662
79$47,998,774$0$0$39,124,095
80$52,794,333$0$0$43,034,213
81$58,075,880$0$0$47,340,625
82$63,892,885$0$0$52,083,675
83$70,299,863$0$0$57,307,817
84$77,356,884$0$0$63,062,037
85$85,130,144$0$0$69,400,315
86$93,692,587$0$0$76,382,135
87$103,124,592$0$0$84,073,044
88$113,514,736$0$0$92,545,274
89$124,960,625$0$0$101,878,420
90$137,569,817$0$0$112,160,194
91$151,460,838$0$0$123,487,248
92$166,764,298$0$0$135,966,094
93$183,624,127$0$0$149,714,101
94$202,198,929$0$0$164,860,608
95$222,663,483$0$0$181,548,142
96$245,210,389$0$0$199,933,765
97$270,051,890$0$0$220,190,555
98$297,421,870$0$0$242,509,238
99$327,578,066$0$0$267,099,994
100$360,804,498$0$0$294,194,433