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%11.8%
1 years$53,181$52,707$52,245$51,794$51,353$50,966
2 years$26,327$25,837$25,362$24,901$24,454$24,063
3 years$17,377$16,885$16,411$15,954$15,515$15,133
4 years$12,903$12,412$11,943$11,494$11,065$10,695
5 years$10,219$9,731$9,268$8,829$8,412$8,054
6 years$8,431$7,946$7,490$7,060$6,656$6,312
7 years$7,153$6,673$6,224$5,805$5,413$5,083
8 years$6,196$5,720$5,279$4,869$4,491$4,174
9 years$5,452$4,980$4,546$4,148$3,782$3,479
10 years$4,857$4,390$3,964$3,575$3,222$2,932
11 years$4,370$3,908$3,490$3,112$2,771$2,495
12 years$3,965$3,508$3,097$2,729$2,401$2,138
13 years$3,623$3,170$2,767$2,410$2,094$1,843
14 years$3,329$2,881$2,486$2,139$1,836$1,597
15 years$3,075$2,632$2,245$1,908$1,616$1,389
16 years$2,853$2,415$2,035$1,708$1,428$1,213
17 years$2,657$2,224$1,852$1,535$1,267$1,062
18 years$2,484$2,055$1,690$1,383$1,126$933
19 years$2,328$1,905$1,548$1,250$1,004$821
20 years$2,189$1,770$1,420$1,132$897$724
21 years$2,063$1,649$1,306$1,027$802$639
22 years$1,948$1,539$1,204$934$719$566
23 years$1,844$1,439$1,112$851$646$501
24 years$1,748$1,349$1,028$776$580$444
25 years$1,660$1,266$952$708$522$394
26 years$1,579$1,189$883$648$470$350
27 years$1,505$1,119$820$593$424$311
28 years$1,435$1,055$762$543$383$277
29 years$1,371$995$709$498$346$246
30 years$1,311$940$661$457$312$220
31 years$1,255$888$616$420$282$196
32 years$1,202$841$575$386$255$174
33 years$1,153$796$537$355$231$155
34 years$1,107$754$501$327$209$139
35 years$1,064$716$469$301$189$124
36 years$1,023$679$439$277$172$110
37 years$984$645$411$255$156$99
38 years$948$613$384$235$141$88
39 years$913$583$360$217$128$79
40 years$880$555$338$200$116$70
41 years$849$528$317$184$105$63
42 years$820$503$297$170$96$56
43 years$792$479$279$157$87$50
44 years$765$457$262$145$79$45
45 years$740$435$246$134$71$40
46 years$715$415$231$124$65$36
47 years$692$396$217$114$59$32
48 years$670$378$204$106$53$29
49 years$649$361$191$98$49$26
50 years$629$345$180$90$44$23

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $644,000, adding $6,516 every year, while hoping to spend $50,414 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: 69/24/7 Blend
29$644,000$644,000$644,000$644,000
30$716,409$682,277$672,295$764,583
31$735,843$662,069$641,177$777,120
32$755,569$639,180$607,327$784,051
33$775,564$613,428$570,599$790,262
34$795,802$584,615$530,844$795,672
35$816,249$552,536$487,903$800,193
36$836,868$516,973$441,610$803,731
37$857,618$477,694$391,793$806,183
38$878,449$434,455$338,272$807,436
39$899,305$386,998$280,858$807,371
40$920,124$335,050$219,356$805,856
41$940,832$278,323$153,560$802,749
42$961,348$216,512$83,256$797,896
43$981,580$149,296$8,220$791,130
44$1,001,425$76,334$0$782,270
45$1,020,765$0$0$776,487
46$1,039,469$0$0$769,924
47$1,057,390$0$0$782,907
48$1,074,364$0$0$795,149
49$1,090,207$0$0$806,509
50$1,104,713$0$0$816,832
51$1,117,653$0$0$825,941
52$1,128,770$0$0$833,642
53$1,137,781$0$0$839,717
54$1,144,368$0$0$843,924
55$1,148,179$0$0$845,996
56$1,148,821$0$0$845,632
57$1,145,861$0$0$842,501
58$1,138,813$0$0$836,236
59$1,127,144$0$0$826,427
60$1,110,257$0$0$812,622
61$1,087,495$0$0$794,319
62$1,058,126$0$0$770,961
63$1,021,343$0$0$741,933
64$976,249$0$0$706,552
65$921,854$0$0$664,064
66$857,060$0$0$613,634
67$780,655$0$0$554,338
68$691,295$0$0$485,155
69$587,498$0$0$404,954
70$467,623$0$0$312,488
71$329,857$0$0$206,376
72$172,197$0$0$85,094
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0