Can I retire at age 30 with 644,000?

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 $644,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$53,181$52,707$52,245$51,794$51,353$49,531
2 years$26,327$25,837$25,362$24,901$24,454$22,638
3 years$17,377$16,885$16,411$15,954$15,515$13,761
4 years$12,903$12,412$11,943$11,494$11,065$9,388
5 years$10,219$9,731$9,268$8,829$8,412$6,815
6 years$8,431$7,946$7,490$7,060$6,656$5,141
7 years$7,153$6,673$6,224$5,805$5,413$3,980
8 years$6,196$5,720$5,279$4,869$4,491$3,138
9 years$5,452$4,980$4,546$4,148$3,782$2,508
10 years$4,857$4,390$3,964$3,575$3,222$2,024
11 years$4,370$3,908$3,490$3,112$2,771$1,647
12 years$3,965$3,508$3,097$2,729$2,401$1,349
13 years$3,623$3,170$2,767$2,410$2,094$1,110
14 years$3,329$2,881$2,486$2,139$1,836$917
15 years$3,075$2,632$2,245$1,908$1,616$760
16 years$2,853$2,415$2,035$1,708$1,428$632
17 years$2,657$2,224$1,852$1,535$1,267$526
18 years$2,484$2,055$1,690$1,383$1,126$439
19 years$2,328$1,905$1,548$1,250$1,004$367
20 years$2,189$1,770$1,420$1,132$897$307
21 years$2,063$1,649$1,306$1,027$802$257
22 years$1,948$1,539$1,204$934$719$215
23 years$1,844$1,439$1,112$851$646$181
24 years$1,748$1,349$1,028$776$580$152
25 years$1,660$1,266$952$708$522$127
26 years$1,579$1,189$883$648$470$107
27 years$1,505$1,119$820$593$424$90
28 years$1,435$1,055$762$543$383$75
29 years$1,371$995$709$498$346$63
30 years$1,311$940$661$457$312$53
31 years$1,255$888$616$420$282$45
32 years$1,202$841$575$386$255$38
33 years$1,153$796$537$355$231$32
34 years$1,107$754$501$327$209$27
35 years$1,064$716$469$301$189$22
36 years$1,023$679$439$277$172$19
37 years$984$645$411$255$156$16
38 years$948$613$384$235$141$13
39 years$913$583$360$217$128$11
40 years$880$555$338$200$116$9
41 years$849$528$317$184$105$8
42 years$820$503$297$170$96$7
43 years$792$479$279$157$87$6
44 years$765$457$262$145$79$5
45 years$740$435$246$134$71$4
46 years$715$415$231$124$65$3
47 years$692$396$217$114$59$3
48 years$670$378$204$106$53$2
49 years$649$361$191$98$49$2
50 years$629$345$180$90$44$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $644,000, adding $2,245 every year, while hoping to spend $50,330 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: 49/22/29 Blend
29$644,000$644,000$644,000$644,000
30$712,004$677,872$667,890$740,920
31$731,077$657,537$636,713$741,120
32$750,410$634,518$602,806$736,203
33$769,974$608,632$566,022$729,891
34$789,739$579,683$526,211$722,078
35$809,669$547,464$483,216$712,648
36$829,721$511,756$436,870$701,480
37$849,850$472,329$387,002$688,442
38$870,000$428,938$333,432$673,396
39$890,109$381,325$275,971$656,193
40$910,107$329,217$214,423$636,671
41$929,915$272,326$148,584$614,662
42$949,444$210,348$78,238$589,982
43$968,592$142,959$3,164$562,436
44$987,245$69,821$0$531,814
45$1,005,276$0$0$521,703
46$1,022,543$0$0$512,926
47$1,038,885$0$0$520,515
48$1,054,123$0$0$527,469
49$1,068,057$0$0$533,678
50$1,080,465$0$0$539,022
51$1,091,098$0$0$543,365
52$1,099,678$0$0$546,555
53$1,105,898$0$0$548,425
54$1,109,416$0$0$548,789
55$1,109,849$0$0$547,440
56$1,106,776$0$0$544,147
57$1,099,727$0$0$538,656
58$1,088,181$0$0$530,683
59$1,071,560$0$0$519,915
60$1,049,223$0$0$506,005
61$1,020,462$0$0$488,567
62$984,490$0$0$467,175
63$940,437$0$0$441,358
64$887,340$0$0$410,593
65$824,132$0$0$374,302
66$749,635$0$0$331,848
67$662,545$0$0$282,524
68$561,421$0$0$225,548
69$444,667$0$0$160,059
70$310,522$0$0$85,102
71$157,041$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$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