Can I retire at age 30 with 643,000?

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 $643,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$53,098$52,625$52,164$51,714$51,274$49,337
2 years$26,286$25,797$25,322$24,862$24,416$22,487
3 years$17,350$16,858$16,385$15,929$15,491$13,630
4 years$12,883$12,393$11,924$11,476$11,048$9,271
5 years$10,203$9,716$9,254$8,815$8,399$6,709
6 years$8,417$7,934$7,478$7,049$6,645$5,044
7 years$7,142$6,663$6,215$5,796$5,405$3,891
8 years$6,186$5,711$5,270$4,862$4,484$3,057
9 years$5,443$4,973$4,539$4,141$3,776$2,434
10 years$4,849$4,383$3,958$3,570$3,217$1,958
11 years$4,364$3,902$3,484$3,107$2,767$1,587
12 years$3,959$3,502$3,092$2,725$2,398$1,294
13 years$3,617$3,165$2,763$2,406$2,091$1,061
14 years$3,324$2,877$2,482$2,136$1,833$873
15 years$3,070$2,628$2,241$1,905$1,614$720
16 years$2,849$2,411$2,032$1,705$1,426$596
17 years$2,653$2,221$1,849$1,532$1,265$494
18 years$2,480$2,052$1,688$1,381$1,124$410
19 years$2,325$1,902$1,545$1,248$1,002$341
20 years$2,185$1,767$1,418$1,130$895$284
21 years$2,059$1,646$1,304$1,026$801$237
22 years$1,945$1,537$1,202$933$718$198
23 years$1,841$1,437$1,110$849$645$165
24 years$1,745$1,347$1,027$775$579$138
25 years$1,658$1,264$951$707$521$115
26 years$1,577$1,188$882$647$470$96
27 years$1,502$1,118$819$592$423$80
28 years$1,433$1,053$761$542$382$67
29 years$1,369$994$708$497$345$56
30 years$1,309$938$660$456$312$47
31 years$1,253$887$615$419$282$39
32 years$1,201$839$574$385$255$33
33 years$1,152$795$536$354$231$28
34 years$1,105$753$501$326$209$23
35 years$1,062$715$468$300$189$19
36 years$1,021$678$438$276$171$16
37 years$983$644$410$255$155$14
38 years$946$612$384$235$141$11
39 years$912$582$360$216$128$10
40 years$879$554$337$200$116$8
41 years$848$527$316$184$105$7
42 years$819$502$296$170$95$6
43 years$791$478$278$157$87$5
44 years$764$456$261$145$79$4
45 years$739$435$245$134$71$3
46 years$714$415$230$124$65$3
47 years$691$396$216$114$59$2
48 years$669$378$203$106$53$2
49 years$648$361$191$98$49$2
50 years$628$345$180$90$44$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $643,000, adding $4,039 every year, while hoping to spend $25,263 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: 71/10/19 Blend
29$643,000$643,000$643,000$643,000
30$712,752$678,673$668,707$759,826
31$758,573$685,049$664,229$798,065
32$808,221$690,890$658,754$836,519
33$862,060$696,143$652,223$877,986
34$920,490$700,754$644,571$922,759
35$983,950$704,661$635,735$971,164
36$1,052,924$707,801$625,643$1,023,559
37$1,127,946$710,106$614,225$1,080,339
38$1,209,599$711,504$601,405$1,141,941
39$1,298,529$711,919$587,103$1,208,845
40$1,395,445$711,269$571,237$1,281,580
41$1,501,127$709,467$553,719$1,360,733
42$1,616,433$706,423$534,461$1,446,947
43$1,742,311$702,039$513,366$1,540,933
44$1,879,799$696,211$490,337$1,643,476
45$2,030,043$688,831$465,268$1,755,440
46$2,194,306$679,782$438,053$1,877,778
47$2,373,975$668,941$408,578$2,011,543
48$2,570,580$656,178$376,724$2,157,893
49$2,785,804$641,356$342,369$2,318,107
50$3,021,501$624,327$305,383$2,493,596
51$3,279,712$604,938$265,632$2,685,914
52$3,562,687$583,024$222,975$2,896,776
53$3,872,902$558,412$177,265$3,128,072
54$4,213,083$530,920$128,349$3,381,887
55$4,586,234$500,352$76,066$3,660,520
56$4,995,665$466,504$20,249$3,966,505
57$5,445,019$429,159$0$4,302,636
58$5,938,311$388,087$0$4,679,966
59$6,479,962$343,047$0$5,098,820
60$7,074,844$293,783$0$5,558,872
61$7,728,323$240,023$0$6,064,293
62$8,446,310$181,481$0$6,619,677
63$9,235,316$117,857$0$7,230,088
64$10,102,518$48,831$0$7,901,106
65$11,055,817$0$0$8,638,878
66$12,103,923$0$0$9,453,034
67$13,256,428$0$0$10,354,232
68$14,523,903$0$0$11,345,367
69$15,917,993$0$0$12,435,551
70$17,451,528$0$0$13,634,821
71$19,138,646$0$0$14,954,238
72$20,994,923$0$0$16,405,989
73$23,037,520$0$0$18,003,501
74$25,285,347$0$0$19,761,568
75$27,759,239$0$0$21,696,491
76$30,482,154$0$0$23,826,234
77$33,479,388$0$0$26,170,585
78$36,778,813$0$0$28,751,355
79$40,411,143$0$0$31,592,570
80$44,410,218$0$0$34,720,710
81$48,813,328$0$0$38,164,950
82$53,661,564$0$0$41,957,438
83$59,000,202$0$0$46,133,599
84$64,879,134$0$0$50,732,469
85$71,353,335$0$0$55,797,060
86$78,483,386$0$0$61,374,771
87$86,336,040$0$0$67,517,830
88$94,984,856$0$0$74,283,791
89$104,510,892$0$0$81,736,073
90$115,003,467$0$0$89,944,560
91$126,561,007$0$0$98,986,262
92$139,291,973$0$0$108,946,040
93$153,315,882$0$0$119,917,405
94$168,764,438$0$0$132,003,404
95$185,782,772$0$0$145,317,589
96$204,530,814$0$0$159,985,091
97$225,184,799$0$0$176,143,799
98$247,938,933$0$0$193,945,663
99$273,007,226$0$0$213,558,125
100$300,625,509$0$0$235,165,703