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%18.8%
1 years$53,263$52,789$52,326$51,874$51,433$49,608
2 years$26,368$25,877$25,401$24,940$24,492$22,673
3 years$17,404$16,911$16,436$15,979$15,539$13,783
4 years$12,923$12,431$11,961$11,512$11,082$9,403
5 years$10,235$9,746$9,282$8,842$8,425$6,826
6 years$8,444$7,959$7,502$7,071$6,666$5,149
7 years$7,165$6,684$6,234$5,814$5,421$3,986
8 years$6,206$5,729$5,287$4,877$4,498$3,143
9 years$5,460$4,988$4,554$4,154$3,788$2,511
10 years$4,864$4,397$3,970$3,581$3,227$2,028
11 years$4,377$3,914$3,495$3,116$2,775$1,650
12 years$3,971$3,513$3,102$2,734$2,405$1,351
13 years$3,628$3,175$2,771$2,413$2,097$1,112
14 years$3,334$2,886$2,490$2,142$1,839$918
15 years$3,080$2,636$2,248$1,911$1,619$761
16 years$2,858$2,419$2,038$1,711$1,431$633
17 years$2,662$2,228$1,855$1,537$1,269$527
18 years$2,488$2,058$1,693$1,385$1,128$440
19 years$2,332$1,908$1,550$1,252$1,005$367
20 years$2,192$1,773$1,422$1,134$898$307
21 years$2,066$1,651$1,308$1,029$804$257
22 years$1,951$1,541$1,206$935$720$216
23 years$1,847$1,442$1,113$852$647$181
24 years$1,751$1,351$1,030$777$581$152
25 years$1,663$1,268$954$710$523$127
26 years$1,582$1,191$885$649$471$107
27 years$1,507$1,121$821$594$425$90
28 years$1,438$1,056$764$544$383$76
29 years$1,373$997$711$499$346$64
30 years$1,313$941$662$458$313$53
31 years$1,257$890$617$421$283$45
32 years$1,204$842$576$387$256$38
33 years$1,155$797$538$355$231$32
34 years$1,109$756$502$327$210$27
35 years$1,065$717$470$301$190$23
36 years$1,024$680$439$277$172$19
37 years$986$646$411$255$156$16
38 years$949$614$385$235$141$13
39 years$915$584$361$217$128$11
40 years$882$556$338$200$116$9
41 years$851$529$317$185$105$8
42 years$821$504$297$171$96$7
43 years$793$480$279$157$87$6
44 years$766$457$262$145$79$5
45 years$741$436$246$134$72$4
46 years$717$416$231$124$65$3
47 years$693$397$217$115$59$3
48 years$671$379$204$106$54$2
49 years$650$362$192$98$49$2
50 years$630$346$180$90$44$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $645,000, adding $3,398 every year, while hoping to spend $30,831 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: 51/31/18 Blend
29$645,000$645,000$645,000$645,000
30$714,295$680,110$670,113$747,017
31$754,349$680,631$659,757$770,431
32$797,456$680,145$648,022$792,392
33$843,893$678,569$634,828$815,602
34$893,967$675,816$620,092$840,189
35$948,015$671,795$603,728$866,296
36$1,006,406$666,406$585,646$894,083
37$1,069,547$659,547$565,753$923,726
38$1,137,883$651,107$543,947$955,422
39$1,211,905$640,970$520,128$989,390
40$1,292,153$629,011$494,186$1,025,874
41$1,379,221$615,101$466,010$1,065,142
42$1,473,761$599,099$435,480$1,107,496
43$1,576,490$580,861$402,474$1,153,267
44$1,688,198$560,229$366,863$1,202,825
45$1,809,754$537,040$328,513$1,256,580
46$1,942,113$511,120$287,283$1,314,987
47$2,086,328$482,284$243,026$1,378,548
48$2,243,556$450,338$195,589$1,447,824
49$2,415,069$415,076$144,813$1,523,434
50$2,602,272$376,280$90,529$1,606,064
51$2,806,706$333,720$32,565$1,696,473
52$3,030,072$287,154$0$1,795,505
53$3,274,238$236,324$0$1,909,717
54$3,541,266$180,959$0$2,041,557
55$3,833,421$120,772$0$2,185,944
56$4,153,201$55,461$0$2,344,183
57$4,503,355$0$0$2,517,715
58$4,886,910$0$0$2,713,348
59$5,307,200$0$0$2,948,514
60$5,767,898$0$0$3,206,356
61$6,273,046$0$0$3,489,148
62$6,827,100$0$0$3,799,389
63$7,434,964$0$0$4,139,838
64$8,102,043$0$0$4,513,528
65$8,834,289$0$0$4,923,806
66$9,638,257$0$0$5,374,353
67$10,521,171$0$0$5,869,228
68$11,490,986$0$0$6,412,901
69$12,556,466$0$0$7,010,297
70$13,727,268$0$0$7,666,840
71$15,014,028$0$0$8,388,508
72$16,428,465$0$0$9,181,885
73$17,983,488$0$0$10,054,225
74$19,693,323$0$0$11,013,521
75$21,573,640$0$0$12,068,580
76$23,641,705$0$0$13,229,102
77$25,916,540$0$0$14,505,777
78$28,419,104$0$0$15,910,384
79$31,172,491$0$0$17,455,898
80$34,202,145$0$0$19,156,619
81$37,536,101$0$0$21,028,300
82$41,205,247$0$0$23,088,300
83$45,243,622$0$0$25,355,746
84$49,688,727$0$0$27,851,714
85$54,581,886$0$0$30,599,425
86$59,968,632$0$0$33,624,468
87$65,899,136$0$0$36,955,039
88$72,428,684$0$0$40,622,205
89$79,618,192$0$0$44,660,201
90$87,534,787$0$0$49,106,751
91$96,252,434$0$0$54,003,422
92$105,852,637$0$0$59,396,018
93$116,425,208$0$0$65,335,014
94$128,069,113$0$0$71,876,025
95$140,893,405$0$0$79,080,340
96$155,018,254$0$0$87,015,494
97$170,576,080$0$0$95,755,906
98$187,712,802$0$0$105,383,581
99$206,589,215$0$0$115,988,888
100$227,382,508$0$0$127,671,406