Can I retire at age 30 with 647,000?

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 $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%19.4%
1 years$53,429$52,953$52,488$52,035$51,593$49,644
2 years$26,450$25,957$25,480$25,017$24,568$22,627
3 years$17,458$16,963$16,487$16,029$15,587$13,715
4 years$12,963$12,470$11,998$11,548$11,117$9,328
5 years$10,267$9,777$9,311$8,870$8,451$6,750
6 years$8,470$7,983$7,525$7,093$6,687$5,076
7 years$7,187$6,704$6,253$5,832$5,438$3,916
8 years$6,225$5,747$5,303$4,892$4,511$3,076
9 years$5,477$5,004$4,568$4,167$3,799$2,449
10 years$4,879$4,410$3,982$3,592$3,237$1,970
11 years$4,391$3,926$3,506$3,126$2,784$1,597
12 years$3,984$3,524$3,111$2,742$2,413$1,302
13 years$3,639$3,185$2,780$2,421$2,104$1,067
14 years$3,345$2,895$2,498$2,149$1,844$878
15 years$3,090$2,645$2,255$1,916$1,624$725
16 years$2,866$2,426$2,045$1,716$1,435$600
17 years$2,670$2,235$1,860$1,542$1,272$497
18 years$2,495$2,065$1,698$1,389$1,131$413
19 years$2,339$1,914$1,555$1,255$1,008$343
20 years$2,199$1,778$1,427$1,137$901$286
21 years$2,072$1,656$1,312$1,032$806$238
22 years$1,957$1,546$1,210$938$723$199
23 years$1,852$1,446$1,117$855$649$166
24 years$1,756$1,355$1,033$779$583$139
25 years$1,668$1,271$957$712$525$116
26 years$1,587$1,195$887$651$473$97
27 years$1,512$1,125$824$596$426$81
28 years$1,442$1,060$766$546$384$68
29 years$1,377$1,000$713$501$347$57
30 years$1,317$944$664$459$314$47
31 years$1,261$893$619$422$284$40
32 years$1,208$845$577$388$257$33
33 years$1,159$800$539$357$232$28
34 years$1,112$758$504$328$210$23
35 years$1,069$719$471$302$190$19
36 years$1,028$682$441$278$172$16
37 years$989$648$412$256$156$14
38 years$952$616$386$236$142$11
39 years$917$586$362$218$129$10
40 years$885$557$339$201$117$8
41 years$853$530$318$185$106$7
42 years$824$505$298$171$96$6
43 years$796$481$280$158$87$5
44 years$769$459$263$146$79$4
45 years$743$438$247$135$72$3
46 years$719$417$232$124$65$3
47 years$696$398$218$115$59$2
48 years$673$380$205$106$54$2
49 years$652$363$192$98$49$2
50 years$632$347$181$91$44$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $647,000, adding $4,772 every year, while hoping to spend $28,951 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: 44/49/7 Blend
29$647,000$647,000$647,000$647,000
30$717,916$683,625$673,597$747,874
31$760,340$686,319$665,359$771,778
32$806,121$688,175$655,874$794,313
33$855,570$689,121$645,071$818,066
34$909,031$689,080$632,874$843,159
35$966,880$687,973$619,203$869,726
36$1,029,531$685,713$603,976$897,920
37$1,097,440$682,209$587,105$927,906
38$1,171,106$677,365$568,501$959,873
39$1,251,081$671,078$548,067$994,027
40$1,337,970$663,239$525,706$1,030,599
41$1,432,438$653,734$501,313$1,069,846
42$1,535,220$642,439$474,779$1,112,052
43$1,647,120$629,226$445,992$1,157,533
44$1,769,026$613,958$414,833$1,206,641
45$1,901,914$596,490$381,177$1,259,766
46$2,046,859$576,668$344,896$1,317,340
47$2,205,044$554,329$305,855$1,379,844
48$2,377,769$529,302$263,912$1,447,810
49$2,566,469$501,405$218,921$1,521,829
50$2,772,720$470,445$170,726$1,602,557
51$2,998,259$436,219$119,167$1,690,718
52$3,245,000$398,512$64,077$1,787,119
53$3,515,046$357,096$5,281$1,892,650
54$3,810,718$311,731$0$2,008,299
55$4,134,568$262,163$0$2,139,452
56$4,489,409$208,123$0$2,283,727
57$4,878,336$149,328$0$2,442,087
58$5,304,760$85,480$0$2,616,031
59$5,772,438$16,261$0$2,807,216
60$6,285,507$0$0$3,017,480
61$6,848,524$0$0$3,280,479
62$7,466,508$0$0$3,578,860
63$8,144,988$0$0$3,906,534
64$8,890,056$0$0$4,266,454
65$9,708,421$0$0$4,661,872
66$10,607,474$0$0$5,096,370
67$11,595,357$0$0$5,573,894
68$12,681,040$0$0$6,098,794
69$13,874,406$0$0$6,675,859
70$15,186,343$0$0$7,310,366
71$16,628,845$0$0$8,008,131
72$18,215,127$0$0$8,775,559
73$19,959,749$0$0$9,619,709
74$21,878,753$0$0$10,548,357
75$23,989,813$0$0$11,570,071
76$26,312,403$0$0$12,694,292
77$28,867,980$0$0$13,931,422
78$31,680,185$0$0$15,292,923
79$34,775,066$0$0$16,791,421
80$38,181,326$0$0$18,440,834
81$41,930,588$0$0$20,256,492
82$46,057,701$0$0$22,255,289
83$50,601,060$0$0$24,455,843
84$55,602,975$0$0$26,878,664
85$61,110,064$0$0$29,546,354
86$67,173,696$0$0$32,483,821
87$73,850,477$0$0$35,718,506
88$81,202,780$0$0$39,280,652
89$89,299,333$0$0$43,203,581
90$98,215,871$0$0$47,524,012
91$108,035,849$0$0$52,282,407
92$118,851,225$0$0$57,523,354
93$130,763,336$0$0$63,295,983
94$143,883,844$0$0$69,654,436
95$158,335,798$0$0$76,658,372
96$174,254,788$0$0$84,373,535
97$191,790,231$0$0$92,872,368
98$211,106,775$0$0$102,234,703
99$232,385,855$0$0$112,548,511
100$255,827,407$0$0$123,910,732