Can I retire at age 30 with 643,000?

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 $643,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$53,098$52,625$52,164$51,714$51,274$49,872
2 years$26,286$25,797$25,322$24,862$24,416$23,014
3 years$17,350$16,858$16,385$15,929$15,491$14,133
4 years$12,883$12,393$11,924$11,476$11,048$9,744
5 years$10,203$9,716$9,254$8,815$8,399$7,152
6 years$8,417$7,934$7,478$7,049$6,645$5,458
7 years$7,142$6,663$6,215$5,796$5,405$4,276
8 years$6,186$5,711$5,270$4,862$4,484$3,413
9 years$5,443$4,973$4,539$4,141$3,776$2,763
10 years$4,849$4,383$3,958$3,570$3,217$2,260
11 years$4,364$3,902$3,484$3,107$2,767$1,864
12 years$3,959$3,502$3,092$2,725$2,398$1,548
13 years$3,617$3,165$2,763$2,406$2,091$1,292
14 years$3,324$2,877$2,482$2,136$1,833$1,083
15 years$3,070$2,628$2,241$1,905$1,614$911
16 years$2,849$2,411$2,032$1,705$1,426$769
17 years$2,653$2,221$1,849$1,532$1,265$650
18 years$2,480$2,052$1,688$1,381$1,124$551
19 years$2,325$1,902$1,545$1,248$1,002$468
20 years$2,185$1,767$1,418$1,130$895$398
21 years$2,059$1,646$1,304$1,026$801$338
22 years$1,945$1,537$1,202$933$718$288
23 years$1,841$1,437$1,110$849$645$246
24 years$1,745$1,347$1,027$775$579$210
25 years$1,658$1,264$951$707$521$179
26 years$1,577$1,188$882$647$470$153
27 years$1,502$1,118$819$592$423$131
28 years$1,433$1,053$761$542$382$112
29 years$1,369$994$708$497$345$96
30 years$1,309$938$660$456$312$82
31 years$1,253$887$615$419$282$70
32 years$1,201$839$574$385$255$60
33 years$1,152$795$536$354$231$51
34 years$1,105$753$501$326$209$44
35 years$1,062$715$468$300$189$38
36 years$1,021$678$438$276$171$32
37 years$983$644$410$255$155$28
38 years$946$612$384$235$141$24
39 years$912$582$360$216$128$20
40 years$879$554$337$200$116$17
41 years$848$527$316$184$105$15
42 years$819$502$296$170$95$13
43 years$791$478$278$157$87$11
44 years$764$456$261$145$79$9
45 years$739$435$245$134$71$8
46 years$714$415$230$124$65$7
47 years$691$396$216$114$59$6
48 years$669$378$203$106$53$5
49 years$648$361$191$98$49$4
50 years$628$345$180$90$44$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $643,000, adding $6,200 every year, while hoping to spend $22,416 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: 47/33/20 Blend
29$643,000$643,000$643,000$643,000
30$714,981$680,902$670,936$744,255
31$764,059$690,416$669,562$774,825
32$817,391$699,645$667,390$805,247
33$875,388$708,551$664,371$837,800
34$938,502$717,094$660,452$872,693
35$1,007,229$725,231$655,576$910,156
36$1,082,115$732,916$649,687$950,446
37$1,163,762$740,100$642,723$993,844
38$1,252,832$746,732$634,621$1,040,663
39$1,350,054$752,755$625,314$1,091,245
40$1,456,230$758,110$614,732$1,145,973
41$1,572,243$762,734$602,803$1,205,266
42$1,699,064$766,561$589,449$1,269,588
43$1,837,765$769,519$574,592$1,339,455
44$1,989,523$771,531$558,146$1,415,431
45$2,155,636$772,517$540,026$1,498,143
46$2,337,532$772,392$520,138$1,588,282
47$2,536,786$771,065$498,388$1,686,613
48$2,755,129$768,439$474,676$1,793,979
49$2,994,471$764,411$448,896$1,911,311
50$3,256,913$758,872$420,940$2,039,637
51$3,544,769$751,708$390,692$2,180,093
52$3,860,590$742,796$358,035$2,333,933
53$4,207,183$732,007$322,842$2,502,540
54$4,587,643$719,202$284,984$2,687,443
55$5,005,376$704,237$244,325$2,890,327
56$5,464,137$686,956$200,722$3,113,055
57$5,968,060$667,198$154,027$3,357,681
58$6,521,700$644,789$104,085$3,626,472
59$7,130,076$619,546$50,735$3,921,931
60$7,798,716$591,276$0$4,246,820
61$8,533,710$559,774$0$4,605,509
62$9,341,769$524,823$0$5,011,677
63$10,230,285$486,195$0$5,458,236
64$11,207,403$443,647$0$5,949,320
65$12,282,096$396,924$0$6,489,488
66$13,464,251$345,754$0$7,083,767
67$14,764,761$289,853$0$7,737,700
68$16,195,629$228,918$0$8,457,398
69$17,770,078$162,630$0$9,249,600
70$19,502,680$90,653$0$10,121,736
71$21,409,490$12,631$0$11,081,997
72$23,508,196$0$0$12,139,417
73$25,818,290$0$0$13,330,029
74$28,361,251$0$0$14,645,797
75$31,160,742$0$0$16,094,391
76$34,242,841$0$0$17,689,316
77$37,636,280$0$0$19,445,452
78$41,372,722$0$0$21,379,196
79$45,487,053$0$0$23,508,617
80$50,017,717$0$0$25,853,624
81$55,007,074$0$0$28,436,157
82$60,501,804$0$0$31,280,389
83$66,553,342$0$0$34,412,962
84$73,218,369$0$0$37,863,229
85$80,559,341$0$0$41,663,538
86$88,645,081$0$0$45,849,533
87$97,551,431$0$0$50,460,494
88$107,361,962$0$0$55,539,704
89$118,168,767$0$0$61,134,858
90$130,073,325$0$0$67,298,517
91$143,187,466$0$0$74,088,598
92$157,634,419$0$0$81,568,924
93$173,549,979$0$0$89,809,828
94$191,083,787$0$0$98,888,811
95$210,400,742$0$0$108,891,279
96$231,682,559$0$0$119,911,347
97$255,129,480$0$0$132,052,727
98$280,962,170$0$0$145,429,705
99$309,423,792$0$0$160,168,225
100$340,782,309$0$0$176,407,071