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%15.9%
1 years$53,016$52,544$52,083$51,633$51,194$49,956
2 years$26,245$25,757$25,283$24,824$24,378$23,139
3 years$17,323$16,832$16,360$15,905$15,466$14,264
4 years$12,863$12,373$11,906$11,458$11,031$9,874
5 years$10,187$9,701$9,239$8,801$8,385$7,279
6 years$8,404$7,922$7,467$7,038$6,635$5,579
7 years$7,131$6,653$6,205$5,787$5,396$4,390
8 years$6,177$5,702$5,262$4,854$4,477$3,521
9 years$5,435$4,965$4,532$4,135$3,770$2,864
10 years$4,842$4,376$3,951$3,564$3,212$2,355
11 years$4,357$3,896$3,479$3,102$2,763$1,952
12 years$3,953$3,497$3,087$2,721$2,394$1,629
13 years$3,611$3,160$2,758$2,402$2,088$1,367
14 years$3,319$2,873$2,478$2,132$1,830$1,153
15 years$3,066$2,624$2,238$1,902$1,611$975
16 years$2,844$2,408$2,029$1,703$1,424$827
17 years$2,649$2,217$1,846$1,530$1,263$704
18 years$2,476$2,049$1,685$1,379$1,123$600
19 years$2,321$1,899$1,543$1,246$1,001$512
20 years$2,182$1,765$1,416$1,128$894$438
21 years$2,056$1,644$1,302$1,024$800$375
22 years$1,942$1,534$1,200$931$717$322
23 years$1,838$1,435$1,108$848$644$276
24 years$1,743$1,344$1,025$773$578$237
25 years$1,655$1,262$949$706$521$204
26 years$1,575$1,186$880$646$469$175
27 years$1,500$1,116$818$591$423$151
28 years$1,431$1,052$760$542$381$130
29 years$1,367$992$707$497$344$112
30 years$1,307$937$659$456$311$96
31 years$1,251$886$614$419$281$83
32 years$1,199$838$573$385$255$71
33 years$1,150$794$535$354$230$61
34 years$1,104$752$500$326$209$53
35 years$1,060$713$467$300$189$46
36 years$1,020$677$437$276$171$39
37 years$981$643$409$254$155$34
38 years$945$611$383$234$141$29
39 years$910$581$359$216$128$25
40 years$878$553$337$199$116$22
41 years$847$526$316$184$105$19
42 years$817$501$296$170$95$16
43 years$789$478$278$157$86$14
44 years$763$455$261$145$78$12
45 years$737$434$245$134$71$10
46 years$713$414$230$123$65$9
47 years$690$395$216$114$59$8
48 years$668$377$203$105$53$7
49 years$647$360$191$97$48$6
50 years$627$344$179$90$44$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $642,000, adding $6,160 every year, while hoping to spend $36,605 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: 64/16/20 Blend
29$642,000$642,000$642,000$642,000
30$713,838$679,812$669,861$755,508
31$747,702$674,175$653,354$778,650
32$783,793$667,036$635,067$799,224
33$822,301$658,281$614,902$820,846
34$863,430$647,791$592,756$843,620
35$907,408$635,441$568,522$867,662
36$954,484$621,098$542,087$893,103
37$1,004,928$604,618$513,334$920,085
38$1,059,040$585,854$482,139$948,770
39$1,117,146$564,645$448,376$979,335
40$1,179,608$540,825$411,909$1,011,977
41$1,246,818$514,217$372,599$1,046,917
42$1,319,212$484,631$330,298$1,084,399
43$1,397,263$451,870$284,855$1,124,694
44$1,481,496$415,723$236,110$1,168,101
45$1,572,485$375,970$183,896$1,214,955
46$1,670,860$332,374$128,038$1,265,626
47$1,777,316$284,689$68,356$1,320,523
48$1,892,616$232,652$4,659$1,380,103
49$2,017,598$175,987$0$1,444,868
50$2,153,183$114,401$0$1,528,890
51$2,300,387$47,586$0$1,621,215
52$2,460,325$0$0$1,721,580
53$2,634,222$0$0$1,835,155
54$2,823,431$0$0$1,967,884
55$3,029,435$0$0$2,112,437
56$3,253,868$0$0$2,269,964
57$3,498,530$0$0$2,441,734
58$3,765,400$0$0$2,629,142
59$4,056,656$0$0$2,833,724
60$4,374,696$0$0$3,057,170
61$4,722,161$0$0$3,301,341
62$5,101,956$0$0$3,568,286
63$5,517,282$0$0$3,860,261
64$5,971,661$0$0$4,179,750
65$6,468,973$0$0$4,529,488
66$7,013,489$0$0$4,912,486
67$7,609,913$0$0$5,332,062
68$8,263,425$0$0$5,791,866
69$8,979,730$0$0$6,295,923
70$9,765,112$0$0$6,848,662
71$10,626,491$0$0$7,454,963
72$11,571,488$0$0$8,120,201
73$12,608,499$0$0$8,850,295
74$13,746,773$0$0$9,651,766
75$14,996,494$0$0$10,531,798
76$16,368,885$0$0$11,498,302
77$17,876,307$0$0$12,559,997
78$19,532,376$0$0$13,726,483
79$21,352,094$0$0$15,008,340
80$23,351,986$0$0$16,417,222
81$25,550,260$0$0$17,965,968
82$27,966,974$0$0$19,668,723
83$30,624,225$0$0$21,541,071
84$33,546,363$0$0$23,600,182
85$36,760,209$0$0$25,864,973
86$40,295,320$0$0$28,356,286
87$44,184,258$0$0$31,097,085
88$48,462,899$0$0$34,112,673
89$53,170,776$0$0$37,430,926
90$58,351,443$0$0$41,082,561
91$64,052,891$0$0$45,101,425
92$70,327,999$0$0$49,524,809
93$77,235,032$0$0$54,393,803
94$84,838,190$0$0$59,753,685
95$93,208,214$0$0$65,654,344
96$102,423,050$0$0$72,150,753
97$112,568,590$0$0$79,303,484
98$123,739,474$0$0$87,179,285
99$136,039,987$0$0$95,851,703
100$149,585,045$0$0$105,401,782