Can I retire at age 30 with 644,000?

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 $644,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$53,181$52,707$52,245$51,794$51,353$49,296
2 years$26,327$25,837$25,362$24,901$24,454$22,407
3 years$17,377$16,885$16,411$15,954$15,515$13,543
4 years$12,903$12,412$11,943$11,494$11,065$9,183
5 years$10,219$9,731$9,268$8,829$8,412$6,624
6 years$8,431$7,946$7,490$7,060$6,656$4,964
7 years$7,153$6,673$6,224$5,805$5,413$3,817
8 years$6,196$5,720$5,279$4,869$4,491$2,988
9 years$5,452$4,980$4,546$4,148$3,782$2,370
10 years$4,857$4,390$3,964$3,575$3,222$1,899
11 years$4,370$3,908$3,490$3,112$2,771$1,533
12 years$3,965$3,508$3,097$2,729$2,401$1,245
13 years$3,623$3,170$2,767$2,410$2,094$1,016
14 years$3,329$2,881$2,486$2,139$1,836$833
15 years$3,075$2,632$2,245$1,908$1,616$684
16 years$2,853$2,415$2,035$1,708$1,428$564
17 years$2,657$2,224$1,852$1,535$1,267$465
18 years$2,484$2,055$1,690$1,383$1,126$385
19 years$2,328$1,905$1,548$1,250$1,004$319
20 years$2,189$1,770$1,420$1,132$897$264
21 years$2,063$1,649$1,306$1,027$802$219
22 years$1,948$1,539$1,204$934$719$182
23 years$1,844$1,439$1,112$851$646$151
24 years$1,748$1,349$1,028$776$580$126
25 years$1,660$1,266$952$708$522$104
26 years$1,579$1,189$883$648$470$87
27 years$1,505$1,119$820$593$424$72
28 years$1,435$1,055$762$543$383$60
29 years$1,371$995$709$498$346$50
30 years$1,311$940$661$457$312$42
31 years$1,255$888$616$420$282$35
32 years$1,202$841$575$386$255$29
33 years$1,153$796$537$355$231$24
34 years$1,107$754$501$327$209$20
35 years$1,064$716$469$301$189$17
36 years$1,023$679$439$277$172$14
37 years$984$645$411$255$156$12
38 years$948$613$384$235$141$10
39 years$913$583$360$217$128$8
40 years$880$555$338$200$116$7
41 years$849$528$317$184$105$6
42 years$820$503$297$170$96$5
43 years$792$479$279$157$87$4
44 years$765$457$262$145$79$3
45 years$740$435$246$134$71$3
46 years$715$415$231$124$65$2
47 years$692$396$217$114$59$2
48 years$670$378$204$106$53$2
49 years$649$361$191$98$49$1
50 years$629$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 $644,000, adding $5,822 every year, while hoping to spend $37,747 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: 49/43/8 Blend
29$644,000$644,000$644,000$644,000
30$715,693$681,561$671,579$748,975
31$748,532$674,795$653,915$765,599
32$783,454$666,433$634,393$779,164
33$820,634$656,355$612,913$793,014
34$860,260$644,438$589,367$807,189
35$902,539$630,548$563,643$821,729
36$947,699$614,546$535,626$836,685
37$995,987$596,282$505,193$852,114
38$1,047,678$575,599$472,216$868,082
39$1,103,068$552,331$436,563$884,665
40$1,162,487$526,301$398,094$901,948
41$1,226,295$497,324$356,664$920,029
42$1,294,885$465,201$312,121$939,022
43$1,368,693$429,725$264,306$959,052
44$1,448,193$390,675$213,054$980,264
45$1,533,909$347,819$158,191$1,002,821
46$1,626,415$300,909$99,538$1,026,908
47$1,726,342$249,686$36,905$1,052,731
48$1,834,384$193,876$0$1,080,527
49$1,951,302$133,187$0$1,113,113
50$2,077,935$67,314$0$1,151,759
51$2,215,205$0$0$1,193,663
52$2,364,123$0$0$1,241,142
53$2,525,804$0$0$1,327,331
54$2,701,474$0$0$1,421,038
55$2,892,480$0$0$1,522,990
56$3,100,306$0$0$1,633,986
57$3,326,584$0$0$1,754,908
58$3,573,107$0$0$1,886,722
59$3,841,854$0$0$2,030,496
60$4,134,998$0$0$2,187,400
61$4,454,932$0$0$2,358,728
62$4,804,292$0$0$2,545,900
63$5,185,978$0$0$2,750,481
64$5,603,183$0$0$2,974,193
65$6,059,422$0$0$3,218,933
66$6,558,566$0$0$3,486,790
67$7,104,877$0$0$3,780,064
68$7,703,048$0$0$4,101,287
69$8,358,246$0$0$4,453,248
70$9,076,164$0$0$4,839,018
71$9,863,069$0$0$5,261,980
72$10,725,863$0$0$5,725,859
73$11,672,151$0$0$6,234,760
74$12,710,306$0$0$6,793,202
75$13,849,552$0$0$7,406,163
76$15,100,049$0$0$8,079,129
77$16,472,989$0$0$8,818,139
78$17,980,699$0$0$9,629,849
79$19,636,762$0$0$10,521,589
80$21,456,137$0$0$11,501,436
81$23,455,305$0$0$12,578,287
82$25,652,424$0$0$13,761,944
83$28,067,496$0$0$15,063,204
84$30,722,559$0$0$16,493,966
85$33,641,893$0$0$18,067,336
86$36,852,245$0$0$19,797,756
87$40,383,089$0$0$21,701,136
88$44,266,893$0$0$23,795,008
89$48,539,435$0$0$26,098,686
90$53,240,132$0$0$28,633,452
91$58,412,414$0$0$31,422,753
92$64,104,136$0$0$34,492,427
93$70,368,023$0$0$37,870,942
94$77,262,173$0$0$41,589,664
95$84,850,599$0$0$45,683,155
96$93,203,837$0$0$50,189,501
97$102,399,607$0$0$55,150,663
98$112,523,548$0$0$60,612,882
99$123,670,025$0$0$66,627,109
100$135,943,020$0$0$73,249,485