Can I retire at age 30 with 646,000?

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 $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%11%
1 years$53,346$52,871$52,407$51,955$51,513$51,296
2 years$26,409$25,917$25,440$24,978$24,530$24,311
3 years$17,431$16,937$16,462$16,004$15,563$15,348
4 years$12,943$12,451$11,980$11,530$11,100$10,891
5 years$10,251$9,761$9,297$8,856$8,438$8,237
6 years$8,457$7,971$7,513$7,082$6,676$6,483
7 years$7,176$6,694$6,244$5,823$5,430$5,243
8 years$6,215$5,738$5,295$4,885$4,504$4,325
9 years$5,469$4,996$4,561$4,161$3,793$3,622
10 years$4,872$4,404$3,976$3,586$3,232$3,068
11 years$4,384$3,920$3,500$3,121$2,780$2,622
12 years$3,977$3,519$3,107$2,738$2,409$2,258
13 years$3,634$3,180$2,775$2,417$2,101$1,957
14 years$3,340$2,890$2,494$2,146$1,841$1,704
15 years$3,085$2,640$2,252$1,913$1,621$1,491
16 years$2,862$2,423$2,041$1,713$1,433$1,309
17 years$2,666$2,231$1,858$1,539$1,271$1,153
18 years$2,491$2,062$1,696$1,387$1,130$1,018
19 years$2,336$1,911$1,552$1,254$1,007$901
20 years$2,196$1,775$1,425$1,135$899$799
21 years$2,069$1,654$1,310$1,030$805$710
22 years$1,954$1,544$1,208$937$721$632
23 years$1,849$1,444$1,115$853$648$563
24 years$1,754$1,353$1,031$778$582$502
25 years$1,665$1,270$955$711$524$448
26 years$1,584$1,193$886$650$472$401
27 years$1,509$1,123$823$595$425$359
28 years$1,440$1,058$765$545$384$321
29 years$1,375$998$712$500$347$288
30 years$1,315$943$663$459$313$258
31 years$1,259$891$618$421$283$231
32 years$1,206$843$577$387$256$207
33 years$1,157$799$538$356$232$186
34 years$1,111$757$503$328$210$167
35 years$1,067$718$470$302$190$150
36 years$1,026$681$440$278$172$135
37 years$987$647$412$256$156$121
38 years$951$615$386$236$142$109
39 years$916$585$361$217$128$98
40 years$883$556$339$201$116$88
41 years$852$530$318$185$106$79
42 years$822$504$298$171$96$71
43 years$794$481$279$158$87$64
44 years$768$458$262$146$79$58
45 years$742$437$246$134$72$52
46 years$718$417$231$124$65$47
47 years$694$398$217$115$59$42
48 years$672$380$204$106$54$38
49 years$651$363$192$98$49$34
50 years$631$346$181$91$44$31

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $646,000, adding $3,767 every year, while hoping to spend $41,002 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: 42/41/17 Blend
29$646,000$646,000$646,000$646,000
30$715,778$681,540$671,527$742,131
31$745,161$671,309$650,397$750,879
32$776,168$659,203$627,185$756,040
33$808,919$645,087$601,778$760,760
34$843,549$628,816$574,058$765,021
35$880,203$610,241$543,901$768,802
36$919,041$589,199$511,179$772,085
37$960,234$565,521$475,755$774,854
38$1,003,975$539,028$437,489$777,095
39$1,050,469$509,529$396,234$778,796
40$1,099,945$476,824$351,835$779,949
41$1,152,650$440,700$304,133$780,550
42$1,208,858$400,931$252,959$780,599
43$1,268,865$357,281$198,137$780,100
44$1,333,000$309,498$139,485$779,065
45$1,401,620$257,318$76,812$777,513
46$1,475,118$200,459$9,917$775,468
47$1,553,924$138,625$0$772,968
48$1,638,511$71,505$0$781,208
49$1,729,398$0$0$791,741
50$1,827,154$0$0$803,436
51$1,932,404$0$0$850,819
52$2,045,834$0$0$901,947
53$2,168,197$0$0$957,166
54$2,300,324$0$0$1,016,859
55$2,443,122$0$0$1,081,445
56$2,597,594$0$0$1,151,387
57$2,764,837$0$0$1,227,191
58$2,946,062$0$0$1,309,415
59$3,142,596$0$0$1,398,674
60$3,355,903$0$0$1,495,642
61$3,587,588$0$0$1,601,060
62$3,839,421$0$0$1,715,747
63$4,113,347$0$0$1,840,600
64$4,411,505$0$0$1,976,608
65$4,736,252$0$0$2,124,860
66$5,090,178$0$0$2,286,552
67$5,476,136$0$0$2,463,003
68$5,897,264$0$0$2,655,664
69$6,357,019$0$0$2,866,131
70$6,859,202$0$0$3,096,163
71$7,408,002$0$0$3,347,695
72$8,008,028$0$0$3,622,859
73$8,664,356$0$0$3,924,001
74$9,382,573$0$0$4,253,705
75$10,168,834$0$0$4,614,817
76$11,029,915$0$0$5,010,470
77$11,973,278$0$0$5,444,116
78$13,007,140$0$0$5,919,554
79$14,140,553$0$0$6,440,972
80$15,383,484$0$0$7,012,979
81$16,746,913$0$0$7,640,655
82$18,242,933$0$0$8,329,593
83$19,884,864$0$0$9,085,954
84$21,687,378$0$0$9,916,526
85$23,666,637$0$0$10,828,787
86$25,840,446$0$0$11,830,973
87$28,228,418$0$0$12,932,157
88$30,852,158$0$0$14,142,337
89$33,735,470$0$0$15,472,525
90$36,904,576$0$0$16,934,854
91$40,388,366$0$0$18,542,690
92$44,218,667$0$0$20,310,761
93$48,430,546$0$0$22,255,292
94$53,062,636$0$0$24,394,158
95$58,157,502$0$0$26,747,058
96$63,762,043$0$0$29,335,691
97$69,927,930$0$0$32,183,968
98$76,712,095$0$0$35,318,235
99$84,177,268$0$0$38,767,519
100$92,392,566$0$0$42,563,805