Can I retire at age 30 with 645,000?

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 $645,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$53,263$52,789$52,326$51,874$51,433$50,623
2 years$26,368$25,877$25,401$24,940$24,492$23,678
3 years$17,404$16,911$16,436$15,979$15,539$14,746
4 years$12,923$12,431$11,961$11,512$11,082$10,317
5 years$10,235$9,746$9,282$8,842$8,425$7,689
6 years$8,444$7,959$7,502$7,071$6,666$5,961
7 years$7,165$6,684$6,234$5,814$5,421$4,747
8 years$6,206$5,729$5,287$4,877$4,498$3,854
9 years$5,460$4,988$4,554$4,154$3,788$3,174
10 years$4,864$4,397$3,970$3,581$3,227$2,643
11 years$4,377$3,914$3,495$3,116$2,775$2,221
12 years$3,971$3,513$3,102$2,734$2,405$1,879
13 years$3,628$3,175$2,771$2,413$2,097$1,599
14 years$3,334$2,886$2,490$2,142$1,839$1,367
15 years$3,080$2,636$2,248$1,911$1,619$1,174
16 years$2,858$2,419$2,038$1,711$1,431$1,011
17 years$2,662$2,228$1,855$1,537$1,269$873
18 years$2,488$2,058$1,693$1,385$1,128$756
19 years$2,332$1,908$1,550$1,252$1,005$655
20 years$2,192$1,773$1,422$1,134$898$569
21 years$2,066$1,651$1,308$1,029$804$495
22 years$1,951$1,541$1,206$935$720$432
23 years$1,847$1,442$1,113$852$647$376
24 years$1,751$1,351$1,030$777$581$329
25 years$1,663$1,268$954$710$523$287
26 years$1,582$1,191$885$649$471$251
27 years$1,507$1,121$821$594$425$220
28 years$1,438$1,056$764$544$383$192
29 years$1,373$997$711$499$346$168
30 years$1,313$941$662$458$313$148
31 years$1,257$890$617$421$283$129
32 years$1,204$842$576$387$256$113
33 years$1,155$797$538$355$231$99
34 years$1,109$756$502$327$210$87
35 years$1,065$717$470$301$190$77
36 years$1,024$680$439$277$172$67
37 years$986$646$411$255$156$59
38 years$949$614$385$235$141$52
39 years$915$584$361$217$128$45
40 years$882$556$338$200$116$40
41 years$851$529$317$185$105$35
42 years$821$504$297$171$96$31
43 years$793$480$279$157$87$27
44 years$766$457$262$145$79$24
45 years$741$436$246$134$72$21
46 years$717$416$231$124$65$18
47 years$693$397$217$115$59$16
48 years$671$379$204$106$54$14
49 years$650$362$192$98$49$12
50 years$630$346$180$90$44$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $645,000, adding $2,410 every year, while hoping to spend $36,305 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: 63/12/25 Blend
29$645,000$645,000$645,000$645,000
30$713,276$679,091$669,093$753,365
31$747,402$673,738$652,880$775,422
32$783,792$666,906$634,906$795,278
33$822,638$658,485$615,075$816,162
34$864,153$648,355$593,286$838,180
35$908,566$636,395$569,431$861,451
36$956,132$622,470$543,399$886,103
37$1,007,129$606,443$515,074$912,284
38$1,061,862$588,164$484,335$940,154
39$1,120,666$567,478$451,054$969,895
40$1,183,908$544,219$415,098$1,001,707
41$1,251,992$518,211$376,330$1,035,811
42$1,325,362$489,271$334,604$1,072,455
43$1,404,504$457,200$289,768$1,111,913
44$1,489,954$421,792$241,665$1,154,490
45$1,582,297$382,829$190,130$1,200,523
46$1,682,182$340,078$134,989$1,250,388
47$1,790,318$293,295$76,064$1,304,500
48$1,907,484$242,220$13,167$1,363,321
49$2,034,540$186,582$0$1,427,361
50$2,172,429$126,090$0$1,511,579
51$2,322,190$60,441$0$1,606,893
52$2,484,963$0$0$1,710,540
53$2,662,006$0$0$1,824,758
54$2,854,699$0$0$1,957,802
55$3,064,565$0$0$2,102,744
56$3,293,275$0$0$2,260,745
57$3,542,671$0$0$2,433,083
58$3,814,780$0$0$2,621,164
59$4,111,834$0$0$2,826,537
60$4,436,287$0$0$3,050,905
61$4,790,843$0$0$3,296,145
62$5,178,479$0$0$3,564,322
63$5,602,471$0$0$3,857,710
64$6,066,428$0$0$4,178,813
65$6,574,322$0$0$4,530,388
66$7,130,529$0$0$4,915,472
67$7,739,866$0$0$5,337,409
68$8,407,639$0$0$5,799,881
69$9,139,692$0$0$6,306,944
70$9,942,460$0$0$6,863,065
71$10,823,031$0$0$7,473,163
72$11,789,214$0$0$8,142,659
73$12,849,608$0$0$8,877,521
74$14,013,685$0$0$9,684,325
75$15,291,881$0$0$10,570,314
76$16,695,691$0$0$11,543,466
77$18,237,776$0$0$12,612,572
78$19,932,086$0$0$13,787,315
79$21,793,989$0$0$15,078,361
80$23,840,414$0$0$16,497,463
81$26,090,012$0$0$18,057,569
82$28,563,333$0$0$19,772,943
83$31,283,014$0$0$21,659,300
84$34,274,000$0$0$23,733,955
85$37,563,769$0$0$26,015,985
86$41,182,600$0$0$28,526,409
87$45,163,853$0$0$31,288,386
88$49,544,284$0$0$34,327,431
89$54,364,390$0$0$37,671,658
90$59,668,795$0$0$41,352,047
91$65,506,665$0$0$45,402,728
92$71,932,175$0$0$49,861,310
93$79,005,017$0$0$54,769,235
94$86,790,966$0$0$60,172,163
95$95,362,497$0$0$66,120,409
96$104,799,467$0$0$72,669,412
97$115,189,872$0$0$79,880,262
98$126,630,677$0$0$87,820,274
99$139,228,723$0$0$96,563,622
100$153,101,745$0$0$106,192,040