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%15.7%
1 years$53,511$53,035$52,570$52,116$51,672$50,464
2 years$26,491$25,997$25,519$25,056$24,606$23,396
3 years$17,485$16,990$16,513$16,053$15,611$14,436
4 years$12,983$12,489$12,017$11,566$11,134$10,004
5 years$10,283$9,792$9,326$8,883$8,464$7,382
6 years$8,483$7,996$7,537$7,104$6,697$5,664
7 years$7,198$6,715$6,263$5,841$5,447$4,462
8 years$6,235$5,756$5,311$4,900$4,518$3,583
9 years$5,486$5,011$4,575$4,173$3,805$2,918
10 years$4,887$4,417$3,988$3,598$3,242$2,402
11 years$4,397$3,932$3,511$3,131$2,788$1,994
12 years$3,990$3,530$3,116$2,746$2,416$1,666
13 years$3,645$3,190$2,784$2,425$2,107$1,400
14 years$3,350$2,899$2,502$2,152$1,847$1,182
15 years$3,094$2,649$2,259$1,919$1,626$1,001
16 years$2,871$2,430$2,048$1,719$1,437$851
17 years$2,674$2,238$1,863$1,544$1,274$725
18 years$2,499$2,068$1,701$1,392$1,133$619
19 years$2,343$1,917$1,557$1,257$1,010$529
20 years$2,202$1,781$1,429$1,139$902$453
21 years$2,075$1,659$1,314$1,034$807$389
22 years$1,960$1,549$1,211$940$724$334
23 years$1,855$1,448$1,119$856$650$287
24 years$1,759$1,357$1,035$781$584$247
25 years$1,671$1,273$958$713$525$212
26 years$1,589$1,197$889$652$473$183
27 years$1,514$1,126$825$597$427$158
28 years$1,444$1,061$767$547$385$136
29 years$1,379$1,001$714$501$348$117
30 years$1,319$946$665$460$314$101
31 years$1,263$894$620$423$284$87
32 years$1,210$846$578$388$257$75
33 years$1,160$801$540$357$232$65
34 years$1,114$759$505$329$210$56
35 years$1,070$720$472$302$191$48
36 years$1,029$683$441$279$173$42
37 years$990$649$413$257$157$36
38 years$954$617$387$237$142$31
39 years$919$587$362$218$129$27
40 years$886$558$340$201$117$23
41 years$855$531$319$186$106$20
42 years$825$506$299$171$96$17
43 years$797$482$280$158$87$15
44 years$770$460$263$146$79$13
45 years$744$438$247$135$72$11
46 years$720$418$232$125$65$10
47 years$697$399$218$115$59$8
48 years$674$381$205$106$54$7
49 years$653$364$193$98$49$6
50 years$633$347$181$91$44$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $648,000, adding $6,084 every year, while hoping to spend $33,019 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: 58/20/22 Blend
29$648,000$648,000$648,000$648,000
30$720,372$686,028$675,984$757,581
31$758,718$684,511$663,497$782,093
32$799,868$681,813$649,486$804,728
33$844,075$677,842$633,863$828,685
34$891,613$672,499$616,540$854,099
35$942,785$665,679$597,422$881,122
36$997,924$657,272$576,411$909,919
37$1,057,395$647,161$553,403$940,676
38$1,121,599$635,222$528,292$973,600
39$1,190,977$621,323$500,964$1,008,919
40$1,266,013$605,324$471,303$1,046,887
41$1,347,240$587,078$439,185$1,087,785
42$1,435,242$566,430$404,482$1,131,926
43$1,530,665$543,212$367,060$1,179,655
44$1,634,215$517,252$326,779$1,231,357
45$1,746,671$488,363$283,492$1,287,458
46$1,868,889$456,351$237,047$1,348,429
47$2,001,811$421,007$187,283$1,414,792
48$2,146,474$382,115$134,035$1,487,127
49$2,304,017$339,441$77,128$1,566,073
50$2,475,695$292,742$16,381$1,652,341
51$2,662,890$241,761$0$1,746,717
52$2,867,121$186,223$0$1,861,441
53$3,090,061$125,841$0$1,990,947
54$3,333,551$60,312$0$2,132,497
55$3,599,619$0$0$2,287,320
56$3,890,496$0$0$2,459,123
57$4,208,640$0$0$2,661,601
58$4,556,755$0$0$2,883,208
59$4,937,822$0$0$3,125,848
60$5,355,121$0$0$3,391,617
61$5,812,263$0$0$3,682,823
62$6,313,228$0$0$4,002,007
63$6,862,397$0$0$4,351,969
64$7,464,596$0$0$4,735,793
65$8,125,139$0$0$5,156,875
66$8,849,881$0$0$5,618,955
67$9,645,270$0$0$6,126,153
68$10,518,409$0$0$6,683,009
69$11,477,122$0$0$7,294,522
70$12,530,027$0$0$7,966,199
71$13,686,619$0$0$8,704,108
72$14,957,357$0$0$9,514,932
73$16,353,764$0$0$10,406,035
74$17,888,533$0$0$11,385,529
75$19,575,648$0$0$12,462,351
76$21,430,518$0$0$13,646,346
77$23,470,117$0$0$14,948,364
78$25,713,145$0$0$16,380,355
79$28,180,209$0$0$17,955,488
80$30,894,009$0$0$19,688,271
81$33,879,558$0$0$21,594,689
82$37,164,416$0$0$23,692,356
83$40,778,947$0$0$26,000,678
84$44,756,609$0$0$28,541,037
85$49,134,266$0$0$31,336,994
86$53,952,538$0$0$34,414,509
87$59,256,180$0$0$37,802,186
88$65,094,508$0$0$41,531,545
89$71,521,864$0$0$45,637,314
90$78,598,123$0$0$50,157,763
91$86,389,262$0$0$55,135,058
92$94,967,984$0$0$60,615,667
93$104,414,395$0$0$66,650,787
94$114,816,771$0$0$73,296,837
95$126,272,380$0$0$80,615,987
96$138,888,406$0$0$88,676,740
97$152,782,959$0$0$97,554,585
98$168,086,187$0$0$107,332,703
99$184,941,504$0$0$118,102,757
100$203,506,944$0$0$129,965,754