Can I retire at age 30 with 642,000?

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 $642,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$53,016$52,544$52,083$51,633$51,194$50,263
2 years$26,245$25,757$25,283$24,824$24,378$23,444
3 years$17,323$16,832$16,360$15,905$15,466$14,557
4 years$12,863$12,373$11,906$11,458$11,031$10,154
5 years$10,187$9,701$9,239$8,801$8,385$7,544
6 years$8,404$7,922$7,467$7,038$6,635$5,830
7 years$7,131$6,653$6,205$5,787$5,396$4,627
8 years$6,177$5,702$5,262$4,854$4,477$3,743
9 years$5,435$4,965$4,532$4,135$3,770$3,072
10 years$4,842$4,376$3,951$3,564$3,212$2,549
11 years$4,357$3,896$3,479$3,102$2,763$2,134
12 years$3,953$3,497$3,087$2,721$2,394$1,798
13 years$3,611$3,160$2,758$2,402$2,088$1,524
14 years$3,319$2,873$2,478$2,132$1,830$1,298
15 years$3,066$2,624$2,238$1,902$1,611$1,110
16 years$2,844$2,408$2,029$1,703$1,424$952
17 years$2,649$2,217$1,846$1,530$1,263$818
18 years$2,476$2,049$1,685$1,379$1,123$705
19 years$2,321$1,899$1,543$1,246$1,001$609
20 years$2,182$1,765$1,416$1,128$894$527
21 years$2,056$1,644$1,302$1,024$800$456
22 years$1,942$1,534$1,200$931$717$396
23 years$1,838$1,435$1,108$848$644$344
24 years$1,743$1,344$1,025$773$578$298
25 years$1,655$1,262$949$706$521$260
26 years$1,575$1,186$880$646$469$226
27 years$1,500$1,116$818$591$423$197
28 years$1,431$1,052$760$542$381$171
29 years$1,367$992$707$497$344$149
30 years$1,307$937$659$456$311$130
31 years$1,251$886$614$419$281$114
32 years$1,199$838$573$385$255$99
33 years$1,150$794$535$354$230$86
34 years$1,104$752$500$326$209$75
35 years$1,060$713$467$300$189$66
36 years$1,020$677$437$276$171$58
37 years$981$643$409$254$155$50
38 years$945$611$383$234$141$44
39 years$910$581$359$216$128$38
40 years$878$553$337$199$116$33
41 years$847$526$316$184$105$29
42 years$817$501$296$170$95$26
43 years$789$478$278$157$86$22
44 years$763$455$261$145$78$20
45 years$737$434$245$134$71$17
46 years$713$414$230$123$65$15
47 years$690$395$216$114$59$13
48 years$668$377$203$105$53$11
49 years$647$360$191$97$48$10
50 years$627$344$179$90$44$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $642,000, adding $2,150 every year, while hoping to spend $58,947 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: 80/11/9 Blend
29$642,000$642,000$642,000$642,000
30$709,702$675,676$665,725$765,362
31$719,372$646,065$625,307$772,556
32$728,053$613,027$581,560$772,506
33$735,582$576,333$534,310$770,697
34$741,777$535,738$483,375$766,926
35$746,435$490,986$428,565$760,965
36$749,331$441,805$369,682$752,568
37$750,217$387,907$306,519$741,462
38$748,812$328,988$238,861$727,346
39$744,810$264,727$166,482$709,891
40$737,867$194,786$89,146$688,735
41$727,605$118,805$6,608$663,478
42$713,602$36,408$0$633,682
43$695,391$0$0$606,690
44$672,457$0$0$581,725
45$644,227$0$0$556,487
46$610,067$0$0$526,010
47$569,277$0$0$489,678
48$521,082$0$0$446,804
49$464,623$0$0$396,634
50$398,953$0$0$338,330
51$323,023$0$0$270,969
52$235,674$0$0$193,527
53$135,627$0$0$104,877
54$21,466$0$0$3,770
55$0$0$0$0
56$0$0$0$0
57$0$0$0$0
58$0$0$0$0
59$0$0$0$0
60$0$0$0$0
61$0$0$0$0
62$0$0$0$0
63$0$0$0$0
64$0$0$0$0
65$0$0$0$0
66$0$0$0$0
67$0$0$0$0
68$0$0$0$0
69$0$0$0$0
70$0$0$0$0
71$0$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$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