Can I retire at age 30 with 647,000?

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 $647,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$53,429$52,953$52,488$52,035$51,593$49,981
2 years$26,450$25,957$25,480$25,017$24,568$22,959
3 years$17,458$16,963$16,487$16,029$15,587$14,030
4 years$12,963$12,470$11,998$11,548$11,117$9,625
5 years$10,267$9,777$9,311$8,870$8,451$7,028
6 years$8,470$7,983$7,525$7,093$6,687$5,334
7 years$7,187$6,704$6,253$5,832$5,438$4,155
8 years$6,225$5,747$5,303$4,892$4,511$3,297
9 years$5,477$5,004$4,568$4,167$3,799$2,653
10 years$4,879$4,410$3,982$3,592$3,237$2,157
11 years$4,391$3,926$3,506$3,126$2,784$1,767
12 years$3,984$3,524$3,111$2,742$2,413$1,458
13 years$3,639$3,185$2,780$2,421$2,104$1,209
14 years$3,345$2,895$2,498$2,149$1,844$1,006
15 years$3,090$2,645$2,255$1,916$1,624$841
16 years$2,866$2,426$2,045$1,716$1,435$704
17 years$2,670$2,235$1,860$1,542$1,272$591
18 years$2,495$2,065$1,698$1,389$1,131$497
19 years$2,339$1,914$1,555$1,255$1,008$419
20 years$2,199$1,778$1,427$1,137$901$353
21 years$2,072$1,656$1,312$1,032$806$298
22 years$1,957$1,546$1,210$938$723$252
23 years$1,852$1,446$1,117$855$649$213
24 years$1,756$1,355$1,033$779$583$181
25 years$1,668$1,271$957$712$525$153
26 years$1,587$1,195$887$651$473$130
27 years$1,512$1,125$824$596$426$110
28 years$1,442$1,060$766$546$384$93
29 years$1,377$1,000$713$501$347$79
30 years$1,317$944$664$459$314$67
31 years$1,261$893$619$422$284$57
32 years$1,208$845$577$388$257$48
33 years$1,159$800$539$357$232$41
34 years$1,112$758$504$328$210$35
35 years$1,069$719$471$302$190$30
36 years$1,028$682$441$278$172$25
37 years$989$648$412$256$156$21
38 years$952$616$386$236$142$18
39 years$917$586$362$218$129$15
40 years$885$557$339$201$117$13
41 years$853$530$318$185$106$11
42 years$824$505$298$171$96$9
43 years$796$481$280$158$87$8
44 years$769$459$263$146$79$7
45 years$743$438$247$135$72$6
46 years$719$417$232$124$65$5
47 years$696$398$218$115$59$4
48 years$673$380$205$106$54$4
49 years$652$363$192$98$49$3
50 years$632$347$181$91$44$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $647,000, adding $5,909 every year, while hoping to spend $49,284 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: 57/26/17 Blend
29$647,000$647,000$647,000$647,000
30$719,089$684,798$674,770$756,547
31$739,998$665,915$644,937$763,772
32$761,389$644,456$612,452$765,774
33$783,257$620,241$577,176$766,839
34$805,598$593,082$538,961$766,885
35$828,406$562,779$497,652$765,828
36$851,669$529,121$453,090$763,575
37$875,377$491,886$405,106$760,028
38$899,513$450,836$353,525$755,083
39$924,059$405,722$298,163$748,627
40$948,992$356,281$238,830$740,541
41$974,284$302,234$175,326$730,697
42$999,903$243,286$107,442$718,958
43$1,025,812$179,126$34,960$705,177
44$1,051,968$109,426$0$689,197
45$1,078,319$33,838$0$678,541
46$1,104,808$0$0$672,606
47$1,131,369$0$0$678,630
48$1,157,926$0$0$694,303
49$1,184,394$0$0$709,887
50$1,210,674$0$0$725,322
51$1,236,657$0$0$740,535
52$1,262,219$0$0$755,450
53$1,287,221$0$0$769,976
54$1,311,504$0$0$784,014
55$1,334,894$0$0$797,453
56$1,357,192$0$0$810,166
57$1,378,177$0$0$822,014
58$1,397,604$0$0$832,841
59$1,415,196$0$0$842,473
60$1,430,647$0$0$850,714
61$1,443,613$0$0$857,348
62$1,453,713$0$0$862,135
63$1,460,523$0$0$864,806
64$1,463,571$0$0$865,064
65$1,462,334$0$0$862,578
66$1,456,230$0$0$856,980
67$1,444,611$0$0$847,863
68$1,426,763$0$0$834,776
69$1,401,891$0$0$817,218
70$1,369,114$0$0$794,633
71$1,327,457$0$0$766,408
72$1,275,840$0$0$731,861
73$1,213,066$0$0$690,240
74$1,137,814$0$0$640,712
75$1,048,617$0$0$582,353
76$943,857$0$0$514,145
77$821,742$0$0$434,959
78$680,293$0$0$343,551
79$517,319$0$0$238,542
80$330,403$0$0$118,411
81$116,871$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0