Can I retire at age 30 with 648,000?

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 $648,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$53,511$53,035$52,570$52,116$51,672$50,260
2 years$26,491$25,997$25,519$25,056$24,606$23,193
3 years$17,485$16,990$16,513$16,053$15,611$14,243
4 years$12,983$12,489$12,017$11,566$11,134$9,820
5 years$10,283$9,792$9,326$8,883$8,464$7,208
6 years$8,483$7,996$7,537$7,104$6,697$5,500
7 years$7,198$6,715$6,263$5,841$5,447$4,309
8 years$6,235$5,756$5,311$4,900$4,518$3,440
9 years$5,486$5,011$4,575$4,173$3,805$2,784
10 years$4,887$4,417$3,988$3,598$3,242$2,278
11 years$4,397$3,932$3,511$3,131$2,788$1,879
12 years$3,990$3,530$3,116$2,746$2,416$1,560
13 years$3,645$3,190$2,784$2,425$2,107$1,302
14 years$3,350$2,899$2,502$2,152$1,847$1,092
15 years$3,094$2,649$2,259$1,919$1,626$918
16 years$2,871$2,430$2,048$1,719$1,437$775
17 years$2,674$2,238$1,863$1,544$1,274$655
18 years$2,499$2,068$1,701$1,392$1,133$555
19 years$2,343$1,917$1,557$1,257$1,010$471
20 years$2,202$1,781$1,429$1,139$902$401
21 years$2,075$1,659$1,314$1,034$807$341
22 years$1,960$1,549$1,211$940$724$291
23 years$1,855$1,448$1,119$856$650$248
24 years$1,759$1,357$1,035$781$584$211
25 years$1,671$1,273$958$713$525$180
26 years$1,589$1,197$889$652$473$154
27 years$1,514$1,126$825$597$427$132
28 years$1,444$1,061$767$547$385$113
29 years$1,379$1,001$714$501$348$96
30 years$1,319$946$665$460$314$82
31 years$1,263$894$620$423$284$71
32 years$1,210$846$578$388$257$60
33 years$1,160$801$540$357$232$52
34 years$1,114$759$505$329$210$44
35 years$1,070$720$472$302$191$38
36 years$1,029$683$441$279$173$32
37 years$990$649$413$257$157$28
38 years$954$617$387$237$142$24
39 years$919$587$362$218$129$20
40 years$886$558$340$201$117$17
41 years$855$531$319$186$106$15
42 years$825$506$299$171$96$13
43 years$797$482$280$158$87$11
44 years$770$460$263$146$79$9
45 years$744$438$247$135$72$8
46 years$720$418$232$125$65$7
47 years$697$399$218$115$59$6
48 years$674$381$205$106$54$5
49 years$653$364$193$98$49$4
50 years$633$347$181$91$44$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $648,000, adding $3,600 every year, while hoping to spend $48,859 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: 30/48/22 Blend
29$648,000$648,000$648,000$648,000
30$717,809$683,465$673,421$734,334
31$739,040$664,970$643,995$728,774
32$760,799$643,930$611,946$718,187
33$783,089$620,170$577,134$705,781
34$805,909$593,504$539,413$691,429
35$829,260$563,734$498,632$674,997
36$853,139$530,651$454,630$656,343
37$877,541$494,035$407,243$635,317
38$902,460$453,653$356,295$611,759
39$927,886$409,257$301,606$585,501
40$953,807$360,587$242,986$556,365
41$980,206$307,367$180,238$524,161
42$1,007,066$249,306$113,154$488,691
43$1,034,362$186,098$41,520$449,742
44$1,062,066$117,416$0$407,091
45$1,090,146$42,918$0$368,700
46$1,118,561$0$0$337,053
47$1,147,268$0$0$322,129
48$1,176,213$0$0$329,897
49$1,205,335$0$0$337,668
50$1,234,567$0$0$345,417
51$1,263,828$0$0$353,114
52$1,293,029$0$0$360,730
53$1,322,067$0$0$368,227
54$1,350,828$0$0$375,567
55$1,379,180$0$0$382,703
56$1,406,978$0$0$389,586
57$1,434,055$0$0$396,157
58$1,460,226$0$0$402,354
59$1,485,283$0$0$408,105
60$1,508,993$0$0$413,332
61$1,531,097$0$0$417,945
62$1,551,303$0$0$421,846
63$1,569,288$0$0$424,924
64$1,584,689$0$0$427,058
65$1,597,104$0$0$428,112
66$1,606,084$0$0$427,935
67$1,611,132$0$0$426,358
68$1,611,694$0$0$423,196
69$1,607,154$0$0$418,242
70$1,596,830$0$0$411,266
71$1,579,963$0$0$402,016
72$1,555,714$0$0$390,209
73$1,523,152$0$0$375,534
74$1,481,244$0$0$357,647
75$1,428,847$0$0$336,165
76$1,364,696$0$0$310,666
77$1,287,390$0$0$280,683
78$1,195,379$0$0$245,699
79$1,086,948$0$0$205,142
80$960,201$0$0$158,382
81$813,041$0$0$104,721
82$643,150$0$0$43,387
83$447,966$0$0$0
84$224,658$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