Can I retire at age 30 with 646,000?

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 $646,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$53,346$52,871$52,407$51,955$51,513$50,722
2 years$26,409$25,917$25,440$24,978$24,530$23,735
3 years$17,431$16,937$16,462$16,004$15,563$14,789
4 years$12,943$12,451$11,980$11,530$11,100$10,352
5 years$10,251$9,761$9,297$8,856$8,438$7,719
6 years$8,457$7,971$7,513$7,082$6,676$5,988
7 years$7,176$6,694$6,244$5,823$5,430$4,771
8 years$6,215$5,738$5,295$4,885$4,504$3,875
9 years$5,469$4,996$4,561$4,161$3,793$3,194
10 years$4,872$4,404$3,976$3,586$3,232$2,662
11 years$4,384$3,920$3,500$3,121$2,780$2,238
12 years$3,977$3,519$3,107$2,738$2,409$1,895
13 years$3,634$3,180$2,775$2,417$2,101$1,613
14 years$3,340$2,890$2,494$2,146$1,841$1,380
15 years$3,085$2,640$2,252$1,913$1,621$1,186
16 years$2,862$2,423$2,041$1,713$1,433$1,022
17 years$2,666$2,231$1,858$1,539$1,271$883
18 years$2,491$2,062$1,696$1,387$1,130$765
19 years$2,336$1,911$1,552$1,254$1,007$664
20 years$2,196$1,775$1,425$1,135$899$577
21 years$2,069$1,654$1,310$1,030$805$503
22 years$1,954$1,544$1,208$937$721$438
23 years$1,849$1,444$1,115$853$648$383
24 years$1,754$1,353$1,031$778$582$334
25 years$1,665$1,270$955$711$524$292
26 years$1,584$1,193$886$650$472$256
27 years$1,509$1,123$823$595$425$224
28 years$1,440$1,058$765$545$384$196
29 years$1,375$998$712$500$347$172
30 years$1,315$943$663$459$313$151
31 years$1,259$891$618$421$283$132
32 years$1,206$843$577$387$256$116
33 years$1,157$799$538$356$232$102
34 years$1,111$757$503$328$210$89
35 years$1,067$718$470$302$190$79
36 years$1,026$681$440$278$172$69
37 years$987$647$412$256$156$61
38 years$951$615$386$236$142$53
39 years$916$585$361$217$128$47
40 years$883$556$339$201$116$41
41 years$852$530$318$185$106$36
42 years$822$504$298$171$96$32
43 years$794$481$279$158$87$28
44 years$768$458$262$146$79$25
45 years$742$437$246$134$72$22
46 years$718$417$231$124$65$19
47 years$694$398$217$115$59$17
48 years$672$380$204$106$54$15
49 years$651$363$192$98$49$13
50 years$631$346$181$91$44$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $646,000, adding $5,327 every year, while hoping to spend $34,297 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: 82/10/8 Blend
29$646,000$646,000$646,000$646,000
30$717,387$683,149$673,136$775,075
31$754,069$680,131$659,194$810,583
32$793,342$675,817$643,636$844,438
33$835,436$670,105$626,371$880,558
34$880,601$662,890$607,304$919,148
35$929,110$654,060$586,337$960,439
36$981,267$643,496$563,367$1,004,681
37$1,037,401$631,072$538,284$1,052,151
38$1,097,876$616,655$510,977$1,103,155
39$1,163,091$600,103$481,327$1,158,029
40$1,233,486$581,267$449,210$1,217,143
41$1,309,540$559,988$414,498$1,280,906
42$1,391,785$536,099$377,055$1,349,767
43$1,480,802$509,423$336,742$1,424,222
44$1,577,231$479,772$293,410$1,504,818
45$1,681,776$446,948$246,906$1,592,158
46$1,795,209$410,741$197,070$1,686,904
47$1,918,383$370,929$143,733$1,789,789
48$2,052,232$327,278$86,722$1,901,620
49$2,197,786$279,541$25,854$2,023,286
50$2,356,178$227,456$0$2,155,767
51$2,528,653$170,747$0$2,303,483
52$2,716,584$109,122$0$2,466,858
53$2,921,478$42,272$0$2,645,016
54$3,144,998$0$0$2,839,422
55$3,388,971$0$0$3,055,008
56$3,655,410$0$0$3,295,539
57$3,946,529$0$0$3,558,366
58$4,264,768$0$0$3,845,691
59$4,612,812$0$0$4,159,941
60$4,993,617$0$0$4,503,788
61$5,410,438$0$0$4,880,172
62$5,866,860$0$0$5,292,333
63$6,366,831$0$0$5,743,837
64$6,914,698$0$0$6,238,612
65$7,515,249$0$0$6,780,986
66$8,173,756$0$0$7,375,721
67$8,896,027$0$0$8,028,066
68$9,688,459$0$0$8,743,802
69$10,558,098$0$0$9,529,293
70$11,512,705$0$0$10,391,554
71$12,560,829$0$0$11,338,309
72$13,711,887$0$0$12,378,068
73$14,976,253$0$0$13,520,205
74$16,365,355$0$0$14,775,046
75$17,891,785$0$0$16,153,969
76$19,569,410$0$0$17,669,505
77$21,413,513$0$0$19,335,462
78$23,440,926$0$0$21,167,053
79$25,670,198$0$0$23,181,036
80$28,121,761$0$0$25,395,876
81$30,818,130$0$0$27,831,917
82$33,784,110$0$0$30,511,572
83$37,047,028$0$0$33,459,537
84$40,636,998$0$0$36,703,022
85$44,587,197$0$0$40,272,006
86$48,934,181$0$0$44,199,523
87$53,718,228$0$0$48,521,970
88$58,983,720$0$0$53,279,450
89$64,779,559$0$0$58,516,153
90$71,159,628$0$0$64,280,769
91$78,183,298$0$0$70,626,949
92$85,915,994$0$0$77,613,809
93$94,429,801$0$0$85,306,491
94$103,804,153$0$0$93,776,773
95$114,126,578$0$0$103,103,748
96$125,493,524$0$0$113,374,569
97$138,011,269$0$0$124,685,272
98$151,796,922$0$0$137,141,682
99$166,979,529$0$0$150,860,409
100$183,701,291$0$0$165,969,949