Can I retire at age 30 with 649,000?

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 $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%15.5%
1 years$53,594$53,116$52,651$52,196$51,752$50,583
2 years$26,532$26,037$25,559$25,094$24,644$23,473
3 years$17,512$17,016$16,538$16,078$15,635$14,498
4 years$13,003$12,508$12,035$11,583$11,151$10,057
5 years$10,299$9,807$9,340$8,897$8,477$7,428
6 years$8,496$8,008$7,548$7,115$6,707$5,706
7 years$7,209$6,725$6,273$5,850$5,455$4,501
8 years$6,244$5,765$5,320$4,907$4,525$3,618
9 years$5,494$5,019$4,582$4,180$3,811$2,950
10 years$4,895$4,424$3,994$3,603$3,247$2,431
11 years$4,404$3,939$3,517$3,136$2,793$2,021
12 years$3,996$3,535$3,121$2,750$2,420$1,691
13 years$3,651$3,195$2,788$2,428$2,110$1,423
14 years$3,355$2,904$2,505$2,156$1,850$1,203
15 years$3,099$2,653$2,262$1,922$1,629$1,020
16 years$2,875$2,434$2,051$1,721$1,440$868
17 years$2,678$2,241$1,866$1,547$1,276$741
18 years$2,503$2,071$1,704$1,394$1,135$633
19 years$2,346$1,920$1,560$1,259$1,012$542
20 years$2,206$1,784$1,431$1,141$904$465
21 years$2,079$1,661$1,317$1,035$809$400
22 years$1,963$1,551$1,213$941$725$344
23 years$1,858$1,451$1,120$857$651$296
24 years$1,762$1,359$1,036$782$585$255
25 years$1,673$1,275$960$714$526$220
26 years$1,592$1,199$890$653$474$189
27 years$1,516$1,128$826$598$427$164
28 years$1,446$1,063$768$547$386$141
29 years$1,382$1,003$715$502$348$122
30 years$1,321$947$666$461$315$105
31 years$1,265$895$621$423$284$91
32 years$1,212$847$579$389$257$79
33 years$1,162$802$541$358$233$68
34 years$1,116$760$505$329$211$59
35 years$1,072$721$472$303$191$51
36 years$1,031$685$442$279$173$44
37 years$992$650$414$257$157$38
38 years$955$618$387$237$142$33
39 years$920$588$363$218$129$29
40 years$887$559$340$201$117$25
41 years$856$532$319$186$106$21
42 years$826$507$299$172$96$18
43 years$798$483$281$158$87$16
44 years$771$460$264$146$79$14
45 years$745$439$247$135$72$12
46 years$721$419$232$125$65$10
47 years$698$400$218$115$59$9
48 years$675$381$205$106$54$8
49 years$654$364$193$98$49$7
50 years$634$348$181$91$44$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $649,000, adding $3,642 every year, while hoping to spend $42,880 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: 69/18/13 Blend
29$649,000$649,000$649,000$649,000
30$718,955$684,558$674,498$766,245
31$746,664$672,477$651,470$786,066
32$775,763$658,367$626,233$802,257
33$806,347$642,084$598,668$818,858
34$838,522$623,473$568,651$835,904
35$872,401$602,373$536,051$853,433
36$908,109$578,613$500,732$871,489
37$945,781$552,010$462,551$890,121
38$985,564$522,372$421,360$909,386
39$1,027,620$489,496$377,004$929,346
40$1,072,123$453,168$329,320$950,073
41$1,119,266$413,159$278,138$971,648
42$1,169,258$369,231$223,282$994,160
43$1,222,327$321,128$164,568$1,017,710
44$1,278,725$268,583$101,801$1,042,413
45$1,338,724$211,313$34,780$1,068,397
46$1,402,624$149,018$0$1,095,804
47$1,470,754$81,382$0$1,129,892
48$1,543,473$8,072$0$1,171,223
49$1,621,174$0$0$1,215,201
50$1,704,289$0$0$1,276,200
51$1,793,291$0$0$1,343,254
52$1,888,699$0$0$1,415,160
53$1,991,081$0$0$1,492,349
54$2,101,064$0$0$1,575,297
55$2,219,332$0$0$1,664,522
56$2,346,638$0$0$1,760,598
57$2,483,809$0$0$1,864,152
58$2,631,752$0$0$1,975,874
59$2,791,465$0$0$2,096,521
60$2,964,044$0$0$2,226,926
61$3,150,693$0$0$2,368,004
62$3,352,737$0$0$2,520,761
63$3,571,630$0$0$2,686,302
64$3,808,973$0$0$2,865,844
65$4,066,526$0$0$3,060,723
66$4,346,223$0$0$3,272,411
67$4,650,195$0$0$3,502,526
68$4,980,782$0$0$3,752,846
69$5,340,562$0$0$4,025,331
70$5,732,369$0$0$4,322,134
71$6,159,323$0$0$4,645,627
72$6,624,858$0$0$4,998,419
73$7,132,751$0$0$5,383,383
74$7,687,163$0$0$5,803,679
75$8,292,670$0$0$6,262,789
76$8,954,315$0$0$6,764,542
77$9,677,644$0$0$7,313,157
78$10,468,768$0$0$7,913,277
79$11,334,412$0$0$8,570,016
80$12,281,984$0$0$9,289,005
81$13,319,639$0$0$10,076,443
82$14,456,360$0$0$10,939,159
83$15,702,036$0$0$11,884,672
84$17,067,562$0$0$12,921,263
85$18,564,935$0$0$14,058,053
86$20,207,369$0$0$15,305,089
87$22,009,419$0$0$16,673,436
88$23,987,116$0$0$18,175,282
89$26,158,120$0$0$19,824,052
90$28,541,882$0$0$21,634,536
91$31,159,830$0$0$23,623,025
92$34,035,569$0$0$25,807,466
93$37,195,103$0$0$28,207,628
94$40,667,078$0$0$30,845,293
95$44,483,055$0$0$33,744,455
96$48,677,800$0$0$36,931,550
97$53,289,621$0$0$40,435,700
98$58,360,717$0$0$44,288,994
99$63,937,585$0$0$48,526,782
100$70,071,452$0$0$53,188,014