Can I retire at age 30 with 642,000?

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 $642,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$53,016$52,544$52,083$51,633$51,194$49,221
2 years$26,245$25,757$25,283$24,824$24,378$22,414
3 years$17,323$16,832$16,360$15,905$15,466$13,573
4 years$12,863$12,373$11,906$11,458$11,031$9,222
5 years$10,187$9,701$9,239$8,801$8,385$6,667
6 years$8,404$7,922$7,467$7,038$6,635$5,007
7 years$7,131$6,653$6,205$5,787$5,396$3,858
8 years$6,177$5,702$5,262$4,854$4,477$3,028
9 years$5,435$4,965$4,532$4,135$3,770$2,408
10 years$4,842$4,376$3,951$3,564$3,212$1,934
11 years$4,357$3,896$3,479$3,102$2,763$1,566
12 years$3,953$3,497$3,087$2,721$2,394$1,275
13 years$3,611$3,160$2,758$2,402$2,088$1,044
14 years$3,319$2,873$2,478$2,132$1,830$857
15 years$3,066$2,624$2,238$1,902$1,611$707
16 years$2,844$2,408$2,029$1,703$1,424$584
17 years$2,649$2,217$1,846$1,530$1,263$483
18 years$2,476$2,049$1,685$1,379$1,123$401
19 years$2,321$1,899$1,543$1,246$1,001$333
20 years$2,182$1,765$1,416$1,128$894$277
21 years$2,056$1,644$1,302$1,024$800$230
22 years$1,942$1,534$1,200$931$717$192
23 years$1,838$1,435$1,108$848$644$160
24 years$1,743$1,344$1,025$773$578$133
25 years$1,655$1,262$949$706$521$111
26 years$1,575$1,186$880$646$469$93
27 years$1,500$1,116$818$591$423$77
28 years$1,431$1,052$760$542$381$65
29 years$1,367$992$707$497$344$54
30 years$1,307$937$659$456$311$45
31 years$1,251$886$614$419$281$38
32 years$1,199$838$573$385$255$32
33 years$1,150$794$535$354$230$26
34 years$1,104$752$500$326$209$22
35 years$1,060$713$467$300$189$18
36 years$1,020$677$437$276$171$15
37 years$981$643$409$254$155$13
38 years$945$611$383$234$141$11
39 years$910$581$359$216$128$9
40 years$878$553$337$199$116$8
41 years$847$526$316$184$105$6
42 years$817$501$296$170$95$5
43 years$789$478$278$157$86$4
44 years$763$455$261$145$78$4
45 years$737$434$245$134$71$3
46 years$713$414$230$123$65$3
47 years$690$395$216$114$59$2
48 years$668$377$203$105$53$2
49 years$647$360$191$97$48$1
50 years$627$344$179$90$44$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $642,000, adding $2,754 every year, while hoping to spend $22,737 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: 57/31/12 Blend
29$642,000$642,000$642,000$642,000
30$710,325$676,299$666,348$748,530
31$758,586$685,245$664,478$783,613
32$811,008$693,868$661,784$819,070
33$867,990$702,128$658,214$857,167
34$929,974$709,981$653,713$898,160
35$997,445$717,383$648,225$942,332
36$1,070,934$724,285$641,691$989,994
37$1,151,029$730,635$634,048$1,041,491
38$1,238,377$736,378$625,231$1,097,203
39$1,333,686$741,456$615,171$1,157,548
40$1,437,741$745,806$603,798$1,222,988
41$1,551,402$749,362$591,037$1,294,035
42$1,675,618$752,053$576,809$1,371,251
43$1,811,431$753,804$561,033$1,455,256
44$1,959,992$754,536$543,622$1,546,737
45$2,122,565$754,162$524,488$1,646,450
46$2,300,545$752,594$503,536$1,755,228
47$2,495,465$749,735$480,669$1,873,994
48$2,709,015$745,485$455,784$2,003,762
49$2,943,056$739,736$428,774$2,145,653
50$3,199,637$732,373$399,528$2,300,903
51$3,481,017$723,275$367,929$2,470,878
52$3,789,680$712,315$333,853$2,657,081
53$4,128,364$699,356$297,175$2,861,172
54$4,500,088$684,254$257,760$3,084,984
55$4,908,171$666,857$215,470$3,330,536
56$5,356,275$647,004$170,159$3,600,056
57$5,848,431$624,523$121,675$3,896,004
58$6,389,080$599,234$69,860$4,221,089
59$6,983,115$570,945$14,549$4,578,303
60$7,635,926$539,454$0$4,970,945
61$8,353,449$504,546$0$5,408,346
62$9,142,228$465,996$0$5,891,184
63$10,009,469$423,564$0$6,422,041
64$10,963,113$376,997$0$7,005,824
65$12,011,908$326,027$0$7,647,940
66$13,165,493$270,372$0$8,354,352
67$14,434,487$209,734$0$9,131,634
68$15,830,591$143,797$0$9,987,032
69$17,366,697$72,229$0$10,928,536
70$19,057,009$0$0$11,964,954
71$20,917,179$0$0$13,107,812
72$22,964,451$0$0$14,392,806
73$25,217,827$0$0$15,807,231
74$27,698,245$0$0$17,364,238
75$30,428,772$0$0$19,078,317
76$33,434,831$0$0$20,965,433
77$36,744,432$0$0$23,043,181
78$40,388,437$0$0$25,330,947
79$44,400,858$0$0$27,850,092
80$48,819,169$0$0$30,624,154
81$53,684,664$0$0$33,679,070
82$59,042,847$0$0$37,043,423
83$64,943,858$0$0$40,748,707
84$71,442,950$0$0$44,829,625
85$78,601,006$0$0$49,324,420
86$86,485,116$0$0$54,275,232
87$95,169,210$0$0$59,728,499
88$104,734,754$0$0$65,735,390
89$115,271,519$0$0$72,352,294
90$126,878,430$0$0$79,641,346
91$139,664,495$0$0$87,671,019
92$153,749,841$0$0$96,516,766
93$169,266,837$0$0$106,261,733
94$186,361,355$0$0$116,997,545
95$205,194,136$0$0$128,825,169
96$225,942,315$0$0$141,855,867
97$248,801,086$0$0$156,212,248
98$273,985,551$0$0$172,029,424
99$301,732,744$0$0$189,456,282
100$332,303,872$0$0$208,656,895