Can I retire at age 30 with 649,000?

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 $649,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$53,594$53,116$52,651$52,196$51,752$51,491
2 years$26,532$26,037$25,559$25,094$24,644$24,380
3 years$17,512$17,016$16,538$16,078$15,635$15,377
4 years$13,003$12,508$12,035$11,583$11,151$10,901
5 years$10,299$9,807$9,340$8,897$8,477$8,235
6 years$8,496$8,008$7,548$7,115$6,707$6,474
7 years$7,209$6,725$6,273$5,850$5,455$5,231
8 years$6,244$5,765$5,320$4,907$4,525$4,310
9 years$5,494$5,019$4,582$4,180$3,811$3,605
10 years$4,895$4,424$3,994$3,603$3,247$3,050
11 years$4,404$3,939$3,517$3,136$2,793$2,604
12 years$3,996$3,535$3,121$2,750$2,420$2,240
13 years$3,651$3,195$2,788$2,428$2,110$1,938
14 years$3,355$2,904$2,505$2,156$1,850$1,686
15 years$3,099$2,653$2,262$1,922$1,629$1,473
16 years$2,875$2,434$2,051$1,721$1,440$1,291
17 years$2,678$2,241$1,866$1,547$1,276$1,136
18 years$2,503$2,071$1,704$1,394$1,135$1,001
19 years$2,346$1,920$1,560$1,259$1,012$885
20 years$2,206$1,784$1,431$1,141$904$784
21 years$2,079$1,661$1,317$1,035$809$695
22 years$1,963$1,551$1,213$941$725$618
23 years$1,858$1,451$1,120$857$651$550
24 years$1,762$1,359$1,036$782$585$490
25 years$1,673$1,275$960$714$526$437
26 years$1,592$1,199$890$653$474$390
27 years$1,516$1,128$826$598$427$348
28 years$1,446$1,063$768$547$386$311
29 years$1,382$1,003$715$502$348$278
30 years$1,321$947$666$461$315$249
31 years$1,265$895$621$423$284$223
32 years$1,212$847$579$389$257$200
33 years$1,162$802$541$358$233$179
34 years$1,116$760$505$329$211$160
35 years$1,072$721$472$303$191$144
36 years$1,031$685$442$279$173$129
37 years$992$650$414$257$157$116
38 years$955$618$387$237$142$104
39 years$920$588$363$218$129$93
40 years$887$559$340$201$117$84
41 years$856$532$319$186$106$75
42 years$826$507$299$172$96$68
43 years$798$483$281$158$87$61
44 years$771$460$264$146$79$55
45 years$745$439$247$135$72$49
46 years$721$419$232$125$65$44
47 years$698$400$218$115$59$40
48 years$675$381$205$106$54$36
49 years$654$364$193$98$49$32
50 years$634$348$181$91$44$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $649,000, adding $2,540 every year, while hoping to spend $24,085 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: 37/43/20 Blend
29$649,000$649,000$649,000$649,000
30$717,818$683,421$673,362$739,966
31$765,409$691,282$670,293$764,133
32$817,047$698,722$666,314$787,774
33$873,120$705,693$661,370$812,814
34$934,053$712,147$655,400$839,393
35$1,000,316$718,031$648,345$867,665
36$1,072,423$723,290$640,140$897,802
37$1,150,943$727,864$630,717$929,994
38$1,236,499$731,689$620,007$964,455
39$1,329,780$734,699$607,934$1,001,417
40$1,431,540$736,822$594,423$1,041,141
41$1,542,613$737,982$579,392$1,083,916
42$1,663,914$738,098$562,756$1,130,061
43$1,796,453$737,084$544,428$1,179,931
44$1,941,339$734,850$524,314$1,233,919
45$2,099,796$731,298$502,319$1,292,458
46$2,273,169$726,325$478,341$1,356,032
47$2,462,941$719,824$452,274$1,425,173
48$2,670,744$711,678$424,008$1,500,472
49$2,898,375$701,765$393,427$1,582,584
50$3,147,813$689,956$360,411$1,672,231
51$3,421,240$676,113$324,834$1,770,216
52$3,721,054$660,091$286,565$1,877,423
53$4,049,902$641,736$245,465$1,994,834
54$4,410,695$620,884$201,391$2,123,532
55$4,806,641$597,362$154,193$2,264,718
56$5,241,275$570,989$103,714$2,419,717
57$5,718,489$541,572$49,792$2,589,995
58$6,242,570$508,904$0$2,777,175
59$6,818,243$472,771$0$2,984,701
60$7,450,710$432,944$0$3,224,347
61$8,145,705$389,181$0$3,487,703
62$8,909,543$341,226$0$3,777,231
63$9,749,181$288,811$0$4,095,644
64$10,672,284$231,649$0$4,445,939
65$11,687,298$169,441$0$4,831,423
66$12,803,526$101,867$0$5,255,746
67$14,031,218$28,591$0$5,722,935
68$15,381,671$0$0$6,237,437
69$16,867,326$0$0$6,828,163
70$18,501,895$0$0$7,493,088
71$20,300,484$0$0$8,224,842
72$22,279,738$0$0$9,030,210
73$24,457,997$0$0$9,916,669
74$26,855,468$0$0$10,892,455
75$29,494,419$0$0$11,966,647
76$32,399,383$0$0$13,149,245
77$35,597,395$0$0$14,451,272
78$39,118,241$0$0$15,884,871
79$42,994,746$0$0$17,463,423
80$47,263,078$0$0$19,201,674
81$51,963,089$0$0$21,115,872
82$57,138,696$0$0$23,223,920
83$62,838,290$0$0$25,545,547
84$69,115,192$0$0$28,102,493
85$76,028,161$0$0$30,918,713
86$83,641,944$0$0$34,020,605
87$92,027,890$0$0$37,437,258
88$101,264,617$0$0$41,200,726
89$111,438,761$0$0$45,346,331
90$122,645,791$0$0$49,912,997
91$134,990,907$0$0$54,943,614
92$148,590,034$0$0$60,485,449
93$163,570,920$0$0$66,590,585
94$180,074,333$0$0$73,316,416
95$198,255,399$0$0$80,726,191
96$218,285,059$0$0$88,889,604
97$240,351,683$0$0$97,883,460
98$264,662,852$0$0$107,792,394
99$291,447,312$0$0$118,709,671
100$320,957,136$0$0$130,738,067