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%18.9%
1 years$53,016$52,544$52,083$51,633$51,194$49,358
2 years$26,245$25,757$25,283$24,824$24,378$22,548
3 years$17,323$16,832$16,360$15,905$15,466$13,700
4 years$12,863$12,373$11,906$11,458$11,031$9,342
5 years$10,187$9,701$9,239$8,801$8,385$6,778
6 years$8,404$7,922$7,467$7,038$6,635$5,110
7 years$7,131$6,653$6,205$5,787$5,396$3,954
8 years$6,177$5,702$5,262$4,854$4,477$3,115
9 years$5,435$4,965$4,532$4,135$3,770$2,488
10 years$4,842$4,376$3,951$3,564$3,212$2,007
11 years$4,357$3,896$3,479$3,102$2,763$1,633
12 years$3,953$3,497$3,087$2,721$2,394$1,336
13 years$3,611$3,160$2,758$2,402$2,088$1,099
14 years$3,319$2,873$2,478$2,132$1,830$907
15 years$3,066$2,624$2,238$1,902$1,611$751
16 years$2,844$2,408$2,029$1,703$1,424$624
17 years$2,649$2,217$1,846$1,530$1,263$519
18 years$2,476$2,049$1,685$1,379$1,123$433
19 years$2,321$1,899$1,543$1,246$1,001$361
20 years$2,182$1,765$1,416$1,128$894$302
21 years$2,056$1,644$1,302$1,024$800$253
22 years$1,942$1,534$1,200$931$717$212
23 years$1,838$1,435$1,108$848$644$177
24 years$1,743$1,344$1,025$773$578$149
25 years$1,655$1,262$949$706$521$125
26 years$1,575$1,186$880$646$469$105
27 years$1,500$1,116$818$591$423$88
28 years$1,431$1,052$760$542$381$74
29 years$1,367$992$707$497$344$62
30 years$1,307$937$659$456$311$52
31 years$1,251$886$614$419$281$44
32 years$1,199$838$573$385$255$37
33 years$1,150$794$535$354$230$31
34 years$1,104$752$500$326$209$26
35 years$1,060$713$467$300$189$22
36 years$1,020$677$437$276$171$18
37 years$981$643$409$254$155$15
38 years$945$611$383$234$141$13
39 years$910$581$359$216$128$11
40 years$878$553$337$199$116$9
41 years$847$526$316$184$105$8
42 years$817$501$296$170$95$6
43 years$789$478$278$157$86$5
44 years$763$455$261$145$78$5
45 years$737$434$245$134$71$4
46 years$713$414$230$123$65$3
47 years$690$395$216$114$59$3
48 years$668$377$203$105$53$2
49 years$647$360$191$97$48$2
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 $6,722 every year, while hoping to spend $42,605 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: 72/11/17 Blend
29$642,000$642,000$642,000$642,000
30$714,418$680,392$670,441$762,565
31$741,957$668,400$647,569$783,431
32$770,877$654,392$622,503$800,478
33$801,274$638,225$595,125$818,045
34$833,253$619,746$565,310$836,176
35$866,926$598,795$532,929$854,919
36$902,417$575,201$497,847$874,330
37$939,861$548,783$459,922$894,469
38$979,404$519,350$419,007$915,404
39$1,021,206$486,702$374,947$937,213
40$1,065,442$450,623$327,581$959,982
41$1,112,303$410,889$276,740$983,805
42$1,161,996$367,261$222,249$1,008,790
43$1,214,749$319,486$163,924$1,035,056
44$1,270,812$267,299$101,573$1,062,737
45$1,330,455$210,418$34,997$1,091,980
46$1,393,978$148,545$0$1,122,953
47$1,461,707$81,366$0$1,162,377
48$1,533,999$8,550$0$1,211,120
49$1,611,245$0$0$1,263,097
50$1,693,874$0$0$1,327,108
51$1,782,358$0$0$1,396,783
52$1,877,212$0$0$1,471,495
53$1,979,002$0$0$1,551,694
54$2,088,349$0$0$1,637,871
55$2,205,936$0$0$1,730,567
56$2,332,511$0$0$1,830,376
57$2,468,896$0$0$1,937,949
58$2,615,994$0$0$2,054,002
59$2,774,797$0$0$2,179,321
60$2,946,396$0$0$2,314,771
61$3,131,987$0$0$2,461,301
62$3,332,887$0$0$2,619,956
63$3,550,545$0$0$2,791,883
64$3,786,552$0$0$2,978,344
65$4,042,658$0$0$3,180,728
66$4,320,787$0$0$3,400,561
67$4,623,058$0$0$3,639,521
68$4,951,799$0$0$3,899,457
69$5,309,574$0$0$4,182,400
70$5,699,201$0$0$4,490,587
71$6,123,783$0$0$4,826,479
72$6,586,736$0$0$5,192,785
73$7,091,817$0$0$5,592,484
74$7,643,164$0$0$6,028,860
75$8,245,329$0$0$6,505,523
76$8,903,326$0$0$7,026,449
77$9,622,673$0$0$7,596,017
78$10,409,447$0$0$8,219,046
79$11,270,337$0$0$8,900,844
80$12,212,711$0$0$9,647,254
81$13,244,680$0$0$10,464,711
82$14,375,177$0$0$11,360,302
83$15,614,041$0$0$12,341,832
84$16,972,105$0$0$13,417,895
85$18,461,303$0$0$14,597,958
86$20,094,778$0$0$15,892,447
87$21,887,005$0$0$17,312,848
88$23,853,930$0$0$18,871,810
89$26,013,117$0$0$20,583,268
90$28,383,912$0$0$22,462,569
91$30,987,629$0$0$24,526,624
92$33,847,744$0$0$26,794,057
93$36,990,121$0$0$29,285,389
94$40,443,253$0$0$32,023,224
95$44,238,528$0$0$35,032,466
96$48,410,529$0$0$38,340,552
97$52,997,354$0$0$41,977,707
98$58,040,976$0$0$45,977,235
99$63,587,642$0$0$50,375,825
100$69,688,301$0$0$55,213,903