Can I retire at age 30 with 645,000?

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 $645,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$53,263$52,789$52,326$51,874$51,433$50,917
2 years$26,368$25,877$25,401$24,940$24,492$23,972
3 years$17,404$16,911$16,436$15,979$15,539$15,031
4 years$12,923$12,431$11,961$11,512$11,082$10,591
5 years$10,235$9,746$9,282$8,842$8,425$7,951
6 years$8,444$7,959$7,502$7,071$6,666$6,211
7 years$7,165$6,684$6,234$5,814$5,421$4,985
8 years$6,206$5,729$5,287$4,877$4,498$4,080
9 years$5,460$4,988$4,554$4,154$3,788$3,388
10 years$4,864$4,397$3,970$3,581$3,227$2,846
11 years$4,377$3,914$3,495$3,116$2,775$2,412
12 years$3,971$3,513$3,102$2,734$2,405$2,059
13 years$3,628$3,175$2,771$2,413$2,097$1,768
14 years$3,334$2,886$2,490$2,142$1,839$1,526
15 years$3,080$2,636$2,248$1,911$1,619$1,322
16 years$2,858$2,419$2,038$1,711$1,431$1,150
17 years$2,662$2,228$1,855$1,537$1,269$1,003
18 years$2,488$2,058$1,693$1,385$1,128$877
19 years$2,332$1,908$1,550$1,252$1,005$768
20 years$2,192$1,773$1,422$1,134$898$675
21 years$2,066$1,651$1,308$1,029$804$593
22 years$1,951$1,541$1,206$935$720$522
23 years$1,847$1,442$1,113$852$647$461
24 years$1,751$1,351$1,030$777$581$406
25 years$1,663$1,268$954$710$523$359
26 years$1,582$1,191$885$649$471$317
27 years$1,507$1,121$821$594$425$281
28 years$1,438$1,056$764$544$383$249
29 years$1,373$997$711$499$346$220
30 years$1,313$941$662$458$313$195
31 years$1,257$890$617$421$283$173
32 years$1,204$842$576$387$256$154
33 years$1,155$797$538$355$231$136
34 years$1,109$756$502$327$210$121
35 years$1,065$717$470$301$190$107
36 years$1,024$680$439$277$172$95
37 years$986$646$411$255$156$85
38 years$949$614$385$235$141$75
39 years$915$584$361$217$128$67
40 years$882$556$338$200$116$59
41 years$851$529$317$185$105$53
42 years$821$504$297$171$96$47
43 years$793$480$279$157$87$42
44 years$766$457$262$145$79$37
45 years$741$436$246$134$72$33
46 years$717$416$231$124$65$29
47 years$693$397$217$115$59$26
48 years$671$379$204$106$54$23
49 years$650$362$192$98$49$21
50 years$630$346$180$90$44$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $645,000, adding $2,831 every year, while hoping to spend $21,103 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: 35/49/16 Blend
29$645,000$645,000$645,000$645,000
30$713,710$679,525$669,528$735,084
31$764,055$690,368$669,503$761,723
32$818,828$701,036$668,771$788,256
33$878,458$711,496$667,285$816,434
34$943,418$721,717$664,996$846,413
35$1,014,228$731,662$661,854$878,367
36$1,091,459$741,294$657,806$912,489
37$1,175,742$750,571$652,797$948,991
38$1,267,771$759,452$646,768$988,110
39$1,368,307$767,888$639,659$1,030,105
40$1,478,191$775,832$631,404$1,075,264
41$1,598,349$783,230$621,939$1,123,907
42$1,729,798$790,026$611,191$1,176,386
43$1,873,660$796,160$599,089$1,233,090
44$2,031,170$801,568$585,555$1,294,450
45$2,203,688$806,183$570,509$1,360,944
46$2,392,710$809,933$553,868$1,433,096
47$2,599,887$812,739$535,542$1,511,490
48$2,827,033$814,522$515,441$1,596,768
49$3,076,151$815,194$493,469$1,689,642
50$3,349,442$814,662$469,524$1,790,898
51$3,649,334$812,829$443,502$1,901,405
52$3,978,500$809,592$415,293$2,022,121
53$4,339,884$804,839$384,782$2,154,107
54$4,736,731$798,454$351,850$2,298,534
55$5,172,612$790,313$316,372$2,456,696
56$5,651,464$780,284$278,216$2,630,021
57$6,177,623$768,227$237,246$2,820,089
58$6,755,866$753,996$193,320$3,028,642
59$7,391,456$737,434$146,288$3,257,605
60$8,090,191$718,374$95,994$3,509,103
61$8,858,458$696,642$42,278$3,785,484
62$9,703,295$672,052$0$4,089,338
63$10,632,455$644,407$0$4,426,094
64$11,654,482$613,499$0$4,804,212
65$12,778,787$579,108$0$5,219,982
66$14,015,741$541,002$0$5,677,284
67$15,376,770$498,935$0$6,180,400
68$16,874,464$452,646$0$6,734,051
69$18,522,694$401,861$0$7,343,446
70$20,336,746$346,289$0$8,014,331
71$22,333,460$285,623$0$8,753,043
72$24,531,393$219,539$0$9,566,573
73$26,950,993$147,695$0$10,462,631
74$29,614,791$69,728$0$11,449,721
75$32,547,612$0$0$12,537,221
76$35,776,812$0$0$13,743,426
77$39,332,534$0$0$15,113,114
78$43,247,995$0$0$16,621,498
79$47,559,795$0$0$18,282,692
80$52,308,264$0$0$20,112,252
81$57,537,844$0$0$22,127,315
82$63,297,506$0$0$24,346,768
83$69,641,214$0$0$26,791,423
84$76,628,432$0$0$29,484,214
85$84,324,687$0$0$32,450,411
86$92,802,185$0$0$35,717,863
87$102,140,493$0$0$39,317,256
88$112,427,292$0$0$43,282,407
89$123,759,201$0$0$47,650,579
90$136,242,692$0$0$52,462,836
91$149,995,090$0$0$57,764,428
92$165,145,685$0$0$63,605,219
93$181,836,951$0$0$70,040,159
94$200,225,887$0$0$77,129,800
95$220,485,504$0$0$84,940,868
96$242,806,455$0$0$93,546,896
97$267,398,832$0$0$103,028,915
98$294,494,155$0$0$113,476,216
99$324,347,551$0$0$124,987,200
100$357,240,165$0$0$137,670,301