Can I retire at age 30 with 631,000?

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 $631,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$52,107$51,643$51,190$50,748$50,317$49,281
2 years$25,796$25,315$24,850$24,398$23,960$22,921
3 years$17,026$16,544$16,079$15,632$15,201$14,192
4 years$12,642$12,161$11,702$11,262$10,842$9,869
5 years$10,013$9,535$9,081$8,650$8,242$7,309
6 years$8,260$7,786$7,339$6,918$6,521$5,630
7 years$7,009$6,539$6,099$5,687$5,304$4,453
8 years$6,071$5,605$5,172$4,771$4,400$3,590
9 years$5,342$4,880$4,455$4,064$3,705$2,936
10 years$4,759$4,301$3,884$3,503$3,157$2,427
11 years$4,282$3,829$3,419$3,049$2,715$2,024
12 years$3,885$3,437$3,034$2,674$2,353$1,699
13 years$3,549$3,106$2,711$2,361$2,052$1,435
14 years$3,262$2,823$2,436$2,096$1,799$1,217
15 years$3,013$2,579$2,199$1,869$1,584$1,036
16 years$2,796$2,366$1,994$1,674$1,400$884
17 years$2,604$2,179$1,814$1,504$1,241$757
18 years$2,434$2,014$1,656$1,355$1,103$650
19 years$2,281$1,866$1,516$1,224$984$559
20 years$2,145$1,734$1,392$1,109$879$481
21 years$2,021$1,615$1,280$1,006$786$415
22 years$1,909$1,508$1,180$915$705$358
23 years$1,806$1,410$1,089$833$633$309
24 years$1,713$1,321$1,007$760$569$268
25 years$1,627$1,240$933$694$512$232
26 years$1,548$1,165$865$635$461$201
27 years$1,474$1,097$804$581$415$174
28 years$1,406$1,034$747$532$375$151
29 years$1,343$975$695$488$339$131
30 years$1,284$921$648$448$306$113
31 years$1,230$870$604$411$277$98
32 years$1,178$824$563$378$250$85
33 years$1,130$780$526$348$226$74
34 years$1,085$739$491$320$205$64
35 years$1,042$701$459$295$186$56
36 years$1,002$666$430$271$168$49
37 years$964$632$402$250$152$42
38 years$929$601$377$230$138$37
39 years$895$571$353$212$125$32
40 years$863$543$331$196$114$28
41 years$832$517$310$181$103$24
42 years$803$493$291$167$94$21
43 years$776$469$273$154$85$18
44 years$750$447$256$142$77$16
45 years$725$427$241$131$70$14
46 years$701$407$226$121$64$12
47 years$678$388$212$112$58$10
48 years$657$371$200$104$52$9
49 years$636$354$188$96$48$8
50 years$616$338$176$88$43$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $631,000, adding $4,241 every year, while hoping to spend $48,064 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: 59/26/15 Blend
29$631,000$631,000$631,000$631,000
30$699,737$666,294$656,513$738,115
31$719,970$647,802$627,367$746,035
32$740,656$626,794$595,633$748,961
33$761,791$603,095$561,174$751,026
34$783,367$576,520$523,847$752,154
35$805,377$546,875$483,502$752,262
36$827,807$513,954$439,981$751,262
37$850,644$477,539$393,122$749,061
38$873,871$437,399$342,752$745,557
39$897,465$393,291$288,693$740,643
40$921,401$344,956$230,759$734,203
41$945,649$292,124$168,754$726,112
42$970,173$234,507$102,476$716,240
43$994,933$171,800$31,711$704,442
44$1,019,882$103,684$0$690,567
45$1,044,964$29,819$0$681,463
46$1,070,118$0$0$675,814
47$1,095,273$0$0$682,741
48$1,120,347$0$0$698,118
49$1,145,250$0$0$713,354
50$1,169,878$0$0$728,382
51$1,194,114$0$0$743,124
52$1,217,826$0$0$757,493
53$1,240,867$0$0$771,393
54$1,263,072$0$0$784,715
55$1,284,254$0$0$797,337
56$1,304,205$0$0$809,123
57$1,322,694$0$0$819,921
58$1,339,460$0$0$829,560
59$1,354,215$0$0$837,851
60$1,366,636$0$0$844,584
61$1,376,364$0$0$849,524
62$1,383,000$0$0$852,409
63$1,386,100$0$0$852,951
64$1,385,169$0$0$850,826
65$1,379,661$0$0$845,676
66$1,368,967$0$0$837,106
67$1,352,413$0$0$824,674
68$1,329,250$0$0$807,892
69$1,298,649$0$0$786,221
70$1,259,693$0$0$759,061
71$1,211,363$0$0$725,749
72$1,152,534$0$0$685,551
73$1,081,959$0$0$637,655
74$998,259$0$0$581,162
75$899,908$0$0$515,078
76$785,221$0$0$438,305
77$652,331$0$0$349,627
78$499,178$0$0$247,703
79$323,483$0$0$131,049
80$122,729$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$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