Can I retire at age 30 with 642,000?

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 $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%18%
1 years$53,016$52,544$52,083$51,633$51,194$49,535
2 years$26,245$25,757$25,283$24,824$24,378$22,723
3 years$17,323$16,832$16,360$15,905$15,466$13,866
4 years$12,863$12,373$11,906$11,458$11,031$9,498
5 years$10,187$9,701$9,239$8,801$8,385$6,924
6 years$8,404$7,922$7,467$7,038$6,635$5,246
7 years$7,131$6,653$6,205$5,787$5,396$4,080
8 years$6,177$5,702$5,262$4,854$4,477$3,232
9 years$5,435$4,965$4,532$4,135$3,770$2,595
10 years$4,842$4,376$3,951$3,564$3,212$2,106
11 years$4,357$3,896$3,479$3,102$2,763$1,723
12 years$3,953$3,497$3,087$2,721$2,394$1,418
13 years$3,611$3,160$2,758$2,402$2,088$1,173
14 years$3,319$2,873$2,478$2,132$1,830$975
15 years$3,066$2,624$2,238$1,902$1,611$813
16 years$2,844$2,408$2,029$1,703$1,424$679
17 years$2,649$2,217$1,846$1,530$1,263$569
18 years$2,476$2,049$1,685$1,379$1,123$477
19 years$2,321$1,899$1,543$1,246$1,001$401
20 years$2,182$1,765$1,416$1,128$894$338
21 years$2,056$1,644$1,302$1,024$800$285
22 years$1,942$1,534$1,200$931$717$240
23 years$1,838$1,435$1,108$848$644$203
24 years$1,743$1,344$1,025$773$578$171
25 years$1,655$1,262$949$706$521$145
26 years$1,575$1,186$880$646$469$122
27 years$1,500$1,116$818$591$423$103
28 years$1,431$1,052$760$542$381$87
29 years$1,367$992$707$497$344$74
30 years$1,307$937$659$456$311$63
31 years$1,251$886$614$419$281$53
32 years$1,199$838$573$385$255$45
33 years$1,150$794$535$354$230$38
34 years$1,104$752$500$326$209$32
35 years$1,060$713$467$300$189$27
36 years$1,020$677$437$276$171$23
37 years$981$643$409$254$155$20
38 years$945$611$383$234$141$17
39 years$910$581$359$216$128$14
40 years$878$553$337$199$116$12
41 years$847$526$316$184$105$10
42 years$817$501$296$170$95$9
43 years$789$478$278$157$86$7
44 years$763$455$261$145$78$6
45 years$737$434$245$134$71$5
46 years$713$414$230$123$65$4
47 years$690$395$216$114$59$4
48 years$668$377$203$105$53$3
49 years$647$360$191$97$48$3
50 years$627$344$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 $642,000, adding $5,680 every year, while hoping to spend $27,408 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: 38/46/16 Blend
29$642,000$642,000$642,000$642,000
30$713,343$679,317$669,366$736,813
31$756,942$683,442$662,628$758,281
32$804,070$686,850$654,745$778,418
33$855,057$689,477$645,651$799,597
34$910,267$691,256$635,275$821,925
35$970,101$692,114$623,543$845,522
36$1,034,997$691,974$610,378$870,523
37$1,105,441$690,755$595,700$897,078
38$1,181,963$688,369$579,423$925,353
39$1,265,149$684,725$561,460$955,536
40$1,355,643$679,725$541,717$987,832
41$1,454,153$673,266$520,099$1,022,474
42$1,561,459$665,238$496,504$1,059,717
43$1,678,417$655,524$470,827$1,099,847
44$1,805,973$644,002$442,957$1,143,182
45$1,945,164$630,540$412,778$1,190,076
46$2,097,135$615,001$380,170$1,240,919
47$2,263,144$597,237$345,007$1,296,148
48$2,444,577$577,094$307,157$1,356,247
49$2,642,960$554,408$266,483$1,421,753
50$2,859,973$529,005$222,841$1,493,261
51$3,097,465$500,701$176,081$1,571,434
52$3,357,473$469,302$126,047$1,657,004
53$3,642,240$434,603$72,574$1,750,785
54$3,954,236$396,386$15,493$1,853,677
55$4,296,181$354,422$0$1,966,680
56$4,671,071$308,468$0$2,098,656
57$5,082,205$258,267$0$2,246,402
58$5,533,217$203,549$0$2,408,661
59$6,028,110$144,028$0$2,586,971
60$6,571,293$79,401$0$2,783,034
61$7,167,622$9,350$0$2,998,727
62$7,822,448$0$0$3,236,129
63$8,541,664$0$0$3,531,179
64$9,331,762$0$0$3,860,600
65$10,199,893$0$0$4,222,652
66$11,153,936$0$0$4,620,635
67$12,202,573$0$0$5,058,181
68$13,355,364$0$0$5,539,293
69$14,622,847$0$0$6,068,382
70$16,016,627$0$0$6,650,307
71$17,549,494$0$0$7,290,420
72$19,235,538$0$0$7,994,622
73$21,090,281$0$0$8,769,410
74$23,130,830$0$0$9,621,946
75$25,376,028$0$0$10,560,119
76$27,846,641$0$0$11,592,623
77$30,565,547$0$0$12,729,036
78$33,557,956$0$0$13,979,914
79$36,851,645$0$0$15,356,886
80$40,477,220$0$0$16,872,765
81$44,468,404$0$0$18,541,673
82$48,862,359$0$0$20,379,168
83$53,700,029$0$0$22,402,394
84$59,026,533$0$0$24,630,243
85$64,891,588$0$0$27,083,530
86$71,349,975$0$0$29,785,194
87$78,462,060$0$0$32,760,512
88$86,294,360$0$0$36,037,334
89$94,920,175$0$0$39,646,352
90$104,420,272$0$0$43,621,386
91$114,883,653$0$0$47,999,704
92$126,408,394$0$0$52,822,372
93$139,102,566$0$0$58,134,642
94$153,085,260$0$0$63,986,383
95$168,487,707$0$0$70,432,544
96$185,454,517$0$0$77,533,680
97$204,145,046$0$0$85,356,517
98$224,734,895$0$0$93,974,588
99$247,417,571$0$0$103,468,920
100$272,406,311$0$0$113,928,805