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%11.7%
1 years$53,181$52,707$52,245$51,794$51,353$50,987
2 years$26,327$25,837$25,362$24,901$24,454$24,085
3 years$17,377$16,885$16,411$15,954$15,515$15,154
4 years$12,903$12,412$11,943$11,494$11,065$10,715
5 years$10,219$9,731$9,268$8,829$8,412$8,074
6 years$8,431$7,946$7,490$7,060$6,656$6,331
7 years$7,153$6,673$6,224$5,805$5,413$5,101
8 years$6,196$5,720$5,279$4,869$4,491$4,191
9 years$5,452$4,980$4,546$4,148$3,782$3,495
10 years$4,857$4,390$3,964$3,575$3,222$2,948
11 years$4,370$3,908$3,490$3,112$2,771$2,509
12 years$3,965$3,508$3,097$2,729$2,401$2,152
13 years$3,623$3,170$2,767$2,410$2,094$1,856
14 years$3,329$2,881$2,486$2,139$1,836$1,609
15 years$3,075$2,632$2,245$1,908$1,616$1,401
16 years$2,853$2,415$2,035$1,708$1,428$1,224
17 years$2,657$2,224$1,852$1,535$1,267$1,073
18 years$2,484$2,055$1,690$1,383$1,126$943
19 years$2,328$1,905$1,548$1,250$1,004$830
20 years$2,189$1,770$1,420$1,132$897$733
21 years$2,063$1,649$1,306$1,027$802$648
22 years$1,948$1,539$1,204$934$719$573
23 years$1,844$1,439$1,112$851$646$508
24 years$1,748$1,349$1,028$776$580$451
25 years$1,660$1,266$952$708$522$400
26 years$1,579$1,189$883$648$470$356
27 years$1,505$1,119$820$593$424$317
28 years$1,435$1,055$762$543$383$282
29 years$1,371$995$709$498$346$251
30 years$1,311$940$661$457$312$224
31 years$1,255$888$616$420$282$200
32 years$1,202$841$575$386$255$178
33 years$1,153$796$537$355$231$159
34 years$1,107$754$501$327$209$142
35 years$1,064$716$469$301$189$127
36 years$1,023$679$439$277$172$113
37 years$984$645$411$255$156$101
38 years$948$613$384$235$141$90
39 years$913$583$360$217$128$81
40 years$880$555$338$200$116$72
41 years$849$528$317$184$105$65
42 years$820$503$297$170$96$58
43 years$792$479$279$157$87$52
44 years$765$457$262$145$79$46
45 years$740$435$246$134$71$41
46 years$715$415$231$124$65$37
47 years$692$396$217$114$59$33
48 years$670$378$204$106$53$30
49 years$649$361$191$98$49$26
50 years$629$345$180$90$44$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $644,000, adding $6,068 every year, while hoping to spend $41,045 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: 50/25/25 Blend
29$644,000$644,000$644,000$644,000
30$715,947$681,815$671,833$746,429
31$745,302$671,553$650,668$758,020
32$776,276$659,411$627,418$765,994
33$808,990$645,256$601,970$773,834
34$843,577$628,944$574,207$781,545
35$880,182$610,323$544,003$789,135
36$918,963$589,231$511,230$796,616
37$960,094$565,500$475,753$804,005
38$1,003,763$538,949$437,430$811,320
39$1,050,178$509,388$396,114$818,590
40$1,099,563$476,616$351,651$825,845
41$1,152,167$440,418$303,880$833,124
42$1,208,261$400,572$252,633$840,476
43$1,268,142$356,838$197,734$847,955
44$1,332,134$308,965$139,000$855,627
45$1,400,595$256,687$76,240$863,571
46$1,473,915$199,725$9,254$871,877
47$1,552,524$137,780$0$880,649
48$1,636,891$70,541$0$906,609
49$1,727,533$0$0$937,008
50$1,825,016$0$0$970,236
51$1,929,962$0$0$1,026,948
52$2,043,055$0$0$1,088,114
53$2,165,045$0$0$1,154,146
54$2,296,757$0$0$1,225,497
55$2,439,095$0$0$1,302,665
56$2,593,056$0$0$1,386,197
57$2,759,735$0$0$1,476,696
58$2,940,333$0$0$1,574,822
59$3,136,174$0$0$1,681,303
60$3,348,713$0$0$1,796,940
61$3,579,549$0$0$1,922,612
62$3,830,442$0$0$2,059,289
63$4,103,329$0$0$2,208,033
64$4,400,338$0$0$2,370,019
65$4,723,814$0$0$2,546,536
66$5,076,337$0$0$2,739,003
67$5,460,743$0$0$2,948,982
68$5,880,157$0$0$3,178,192
69$6,338,018$0$0$3,428,528
70$6,838,110$0$0$3,702,071
71$7,384,600$0$0$4,001,117
72$7,982,076$0$0$4,328,191
73$8,635,588$0$0$4,686,073
74$9,350,698$0$0$5,077,826
75$10,133,528$0$0$5,506,822
76$10,990,823$0$0$5,976,774
77$11,930,008$0$0$6,491,770
78$12,959,260$0$0$7,056,316
79$14,087,586$0$0$7,675,370
80$15,324,906$0$0$8,354,396
81$16,682,144$0$0$9,099,412
82$18,171,335$0$0$9,917,044
83$19,805,733$0$0$10,814,593
84$21,599,939$0$0$11,800,102
85$23,570,036$0$0$12,882,429
86$25,733,740$0$0$14,071,333
87$28,110,567$0$0$15,377,564
88$30,722,019$0$0$16,812,967
89$33,591,780$0$0$18,390,587
90$36,745,945$0$0$20,124,799
91$40,213,260$0$0$22,031,440
92$44,025,397$0$0$24,127,956
93$48,217,249$0$0$26,433,571
94$52,827,260$0$0$28,969,461
95$57,897,785$0$0$31,758,962
96$63,475,491$0$0$34,827,783
97$69,611,795$0$0$38,204,249
98$76,363,349$0$0$41,919,572
99$83,792,573$0$0$46,008,141
100$91,968,243$0$0$50,507,846