Can I retire at age 30 with 644,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $4,422 every year, while hoping to spend $21,729 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: 48/37/15 Blend
29$644,000$644,000$644,000$644,000
30$714,249$680,117$670,135$745,342
31$763,983$690,324$669,465$777,503
32$818,062$700,302$668,045$809,813
33$876,905$710,017$665,825$844,420
34$940,976$719,435$662,757$881,546
35$1,010,782$728,514$658,786$921,437
36$1,086,884$737,213$653,858$964,364
37$1,169,898$745,489$647,914$1,010,627
38$1,260,503$753,293$640,894$1,060,557
39$1,359,444$760,574$632,734$1,114,519
40$1,467,544$767,279$623,367$1,172,918
41$1,585,708$773,349$612,724$1,236,197
42$1,714,930$778,724$600,731$1,304,849
43$1,856,310$783,338$587,311$1,379,418
44$2,011,053$787,121$572,386$1,460,502
45$2,180,491$790,000$555,871$1,548,763
46$2,366,086$791,896$537,678$1,644,932
47$2,569,453$792,725$517,717$1,749,816
48$2,792,367$792,398$495,890$1,864,304
49$3,036,785$790,822$472,098$1,989,380
50$3,304,860$787,895$446,237$2,126,128
51$3,598,966$783,513$418,196$2,275,745
52$3,921,717$777,561$387,862$2,439,552
53$4,275,992$769,921$355,115$2,619,008
54$4,664,962$760,466$319,830$2,815,722
55$5,092,120$749,061$281,877$3,031,468
56$5,561,316$735,564$241,119$3,268,208
57$6,076,788$719,825$197,415$3,528,102
58$6,643,207$701,684$150,615$3,813,536
59$7,265,719$680,970$100,565$4,127,143
60$7,949,991$657,507$47,103$4,471,826
61$8,702,269$631,103$0$4,850,789
62$9,529,432$601,560$0$5,269,159
63$10,439,062$568,664$0$5,737,390
64$11,439,509$532,191$0$6,252,268
65$12,539,975$491,904$0$6,818,566
66$13,750,598$447,553$0$7,441,550
67$15,082,548$398,872$0$8,127,025
68$16,548,133$345,582$0$8,881,393
69$18,160,914$287,387$0$9,711,711
70$19,935,831$223,973$0$10,625,762
71$21,889,349$155,010$0$11,632,127
72$24,039,607$80,151$0$12,740,263
73$26,406,595$0$0$13,960,603
74$29,012,336$0$0$15,305,040
75$31,881,100$0$0$16,821,200
76$35,039,626$0$0$18,490,591
77$38,517,382$0$0$20,328,800
78$42,346,836$0$0$22,352,999
79$46,563,766$0$0$24,582,113
80$51,207,595$0$0$27,036,993
81$56,321,767$0$0$29,740,617
82$61,954,150$0$0$32,718,305
83$68,157,495$0$0$35,997,958
84$74,989,927$0$0$39,610,320
85$82,515,499$0$0$43,589,272
86$90,804,793$0$0$47,972,146
87$99,935,584$0$0$52,800,080
88$109,993,581$0$0$58,118,410
89$121,073,227$0$0$63,977,090
90$133,278,597$0$0$70,431,170
91$146,724,375$0$0$77,541,310
92$161,536,940$0$0$85,374,359
93$177,855,557$0$0$94,003,980
94$195,833,692$0$0$103,511,348
95$215,640,458$0$0$113,985,914
96$237,462,213$0$0$125,526,253
97$261,504,319$0$0$138,240,990
98$287,993,081$0$0$152,249,829
99$317,177,880$0$0$167,684,680
100$349,333,527$0$0$184,690,904