Can I retire at age 30 with 634,000?

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 $634,000?

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%
1 years$52,355$51,889$51,434$50,990$50,556$49,495
2 years$25,918$25,436$24,968$24,514$24,074$23,010
3 years$17,107$16,622$16,156$15,707$15,274$14,240
4 years$12,703$12,219$11,757$11,316$10,893$9,898
5 years$10,060$9,580$9,124$8,692$8,281$7,326
6 years$8,300$7,823$7,374$6,951$6,552$5,640
7 years$7,042$6,570$6,128$5,715$5,329$4,459
8 years$6,100$5,631$5,197$4,794$4,421$3,592
9 years$5,367$4,903$4,476$4,083$3,723$2,936
10 years$4,781$4,322$3,902$3,520$3,172$2,426
11 years$4,302$3,848$3,435$3,063$2,728$2,022
12 years$3,904$3,453$3,049$2,687$2,364$1,696
13 years$3,566$3,121$2,724$2,372$2,062$1,431
14 years$3,278$2,837$2,447$2,106$1,807$1,213
15 years$3,027$2,591$2,210$1,878$1,591$1,032
16 years$2,809$2,378$2,003$1,681$1,406$880
17 years$2,616$2,190$1,823$1,511$1,247$753
18 years$2,445$2,023$1,664$1,362$1,109$646
19 years$2,292$1,875$1,524$1,230$988$555
20 years$2,155$1,743$1,398$1,114$883$477
21 years$2,031$1,623$1,286$1,011$790$411
22 years$1,918$1,515$1,185$919$708$355
23 years$1,815$1,417$1,094$837$636$306
24 years$1,721$1,328$1,012$764$571$265
25 years$1,635$1,246$937$697$514$229
26 years$1,555$1,171$869$638$463$198
27 years$1,481$1,102$807$584$417$172
28 years$1,413$1,038$751$535$377$149
29 years$1,350$980$698$490$340$129
30 years$1,291$925$651$450$307$112
31 years$1,235$875$607$413$278$97
32 years$1,184$828$566$380$251$84
33 years$1,135$784$528$349$227$73
34 years$1,090$743$494$321$206$63
35 years$1,047$705$462$296$187$55
36 years$1,007$669$432$273$169$48
37 years$969$635$404$251$153$41
38 years$933$604$378$231$139$36
39 years$899$574$355$213$126$31
40 years$867$546$332$197$114$27
41 years$836$520$312$182$104$23
42 years$807$495$292$168$94$20
43 years$780$472$274$155$85$18
44 years$753$450$257$143$77$15
45 years$728$429$242$132$70$13
46 years$704$409$227$122$64$12
47 years$682$390$213$113$58$10
48 years$660$373$200$104$53$9
49 years$639$356$188$96$48$8
50 years$619$340$177$89$43$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $634,000, adding $6,350 every year, while hoping to spend $21,670 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: 29/43/28 Blend
29$634,000$634,000$634,000$634,000
30$705,218$671,616$661,789$719,435
31$754,094$681,468$660,902$741,019
32$807,228$691,077$659,259$761,902
33$865,033$700,408$656,813$783,921
34$927,962$709,423$653,511$807,189
35$996,512$718,083$649,301$831,833
36$1,071,232$726,345$644,129$857,991
37$1,152,725$734,163$637,935$885,820
38$1,241,656$741,490$630,658$915,492
39$1,338,755$748,273$622,236$947,199
40$1,444,828$754,458$612,600$981,156
41$1,560,760$759,986$601,682$1,017,597
42$1,687,526$764,795$589,407$1,056,785
43$1,826,201$768,817$575,700$1,099,012
44$1,977,968$771,983$560,480$1,144,600
45$2,144,127$774,217$543,663$1,193,908
46$2,326,114$775,439$525,161$1,247,332
47$2,525,506$775,565$504,883$1,305,312
48$2,744,044$774,504$482,733$1,368,335
49$2,983,643$772,160$458,610$1,436,942
50$3,246,411$768,433$432,410$1,511,731
51$3,534,672$763,213$404,023$1,593,363
52$3,850,985$756,387$373,334$1,682,572
53$4,198,169$747,834$340,225$1,780,169
54$4,579,329$737,424$304,569$1,887,053
55$4,997,885$725,023$266,237$2,004,217
56$5,457,605$710,485$225,091$2,132,762
57$5,962,639$693,657$180,990$2,273,903
58$6,517,561$674,378$133,786$2,428,986
59$7,127,406$652,477$83,321$2,599,499
60$7,797,724$627,771$29,436$2,787,086
61$8,534,630$600,070$0$2,993,566
62$9,344,859$569,170$0$3,229,335
63$10,235,831$534,856$0$3,498,158
64$11,215,723$496,901$0$3,793,742
65$12,293,543$455,066$0$4,118,858
66$13,479,216$409,095$0$4,476,561
67$14,783,677$358,722$0$4,870,226
68$16,218,975$303,662$0$5,303,574
69$17,798,386$243,617$0$5,780,712
70$19,536,536$178,268$0$6,306,172
71$21,449,542$107,284$0$6,884,953
72$23,555,164$30,310$0$7,522,571
73$25,872,970$0$0$8,225,111
74$28,424,520$0$0$9,024,376
75$31,233,571$0$0$9,920,217
76$34,326,304$0$0$10,906,658
77$37,731,562$0$0$11,992,916
78$41,481,132$0$0$13,189,145
79$45,610,038$0$0$14,506,538
80$50,156,875$0$0$15,957,426
81$55,164,168$0$0$17,555,398
82$60,678,782$0$0$19,315,428
83$66,752,354$0$0$21,254,017
84$73,441,787$0$0$23,389,347
85$80,809,784$0$0$25,741,454
86$88,925,440$0$0$28,332,418
87$97,864,894$0$0$31,186,568
88$107,712,048$0$0$34,330,715
89$118,559,357$0$0$37,794,403
90$130,508,703$0$0$41,610,189
91$143,672,355$0$0$45,813,949
92$158,174,031$0$0$50,445,217
93$174,150,061$0$0$55,547,560
94$191,750,678$0$0$61,168,985
95$211,141,433$0$0$67,362,395
96$232,504,759$0$0$74,186,090
97$256,041,691$0$0$81,704,313
98$281,973,767$0$0$89,987,859
99$310,545,112$0$0$99,114,742
100$342,024,750$0$0$109,170,932