Can I retire at age 30 with 646,000?

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 $646,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$53,346$52,871$52,407$51,955$51,513$50,309
2 years$26,409$25,917$25,440$24,978$24,530$23,323
3 years$17,431$16,937$16,462$16,004$15,563$14,392
4 years$12,943$12,451$11,980$11,530$11,100$9,973
5 years$10,251$9,761$9,297$8,856$8,438$7,359
6 years$8,457$7,971$7,513$7,082$6,676$5,646
7 years$7,176$6,694$6,244$5,823$5,430$4,449
8 years$6,215$5,738$5,295$4,885$4,504$3,572
9 years$5,469$4,996$4,561$4,161$3,793$2,909
10 years$4,872$4,404$3,976$3,586$3,232$2,394
11 years$4,384$3,920$3,500$3,121$2,780$1,988
12 years$3,977$3,519$3,107$2,738$2,409$1,661
13 years$3,634$3,180$2,775$2,417$2,101$1,396
14 years$3,340$2,890$2,494$2,146$1,841$1,178
15 years$3,085$2,640$2,252$1,913$1,621$998
16 years$2,862$2,423$2,041$1,713$1,433$848
17 years$2,666$2,231$1,858$1,539$1,271$723
18 years$2,491$2,062$1,696$1,387$1,130$617
19 years$2,336$1,911$1,552$1,254$1,007$528
20 years$2,196$1,775$1,425$1,135$899$452
21 years$2,069$1,654$1,310$1,030$805$388
22 years$1,954$1,544$1,208$937$721$333
23 years$1,849$1,444$1,115$853$648$286
24 years$1,754$1,353$1,031$778$582$246
25 years$1,665$1,270$955$711$524$212
26 years$1,584$1,193$886$650$472$182
27 years$1,509$1,123$823$595$425$157
28 years$1,440$1,058$765$545$384$135
29 years$1,375$998$712$500$347$117
30 years$1,315$943$663$459$313$101
31 years$1,259$891$618$421$283$87
32 years$1,206$843$577$387$256$75
33 years$1,157$799$538$356$232$65
34 years$1,111$757$503$328$210$56
35 years$1,067$718$470$302$190$48
36 years$1,026$681$440$278$172$42
37 years$987$647$412$256$156$36
38 years$951$615$386$236$142$31
39 years$916$585$361$217$128$27
40 years$883$556$339$201$116$23
41 years$852$530$318$185$106$20
42 years$822$504$298$171$96$17
43 years$794$481$279$158$87$15
44 years$768$458$262$146$79$13
45 years$742$437$246$134$72$11
46 years$718$417$231$124$65$10
47 years$694$398$217$115$59$8
48 years$672$380$204$106$54$7
49 years$651$363$192$98$49$6
50 years$631$346$181$91$44$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $646,000, adding $5,049 every year, while hoping to spend $25,620 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: 48/28/24 Blend
29$646,000$646,000$646,000$646,000
30$717,100$682,862$672,849$746,413
31$762,985$689,063$668,130$773,631
32$812,691$694,709$662,394$800,220
33$866,582$699,746$655,581$828,578
34$925,055$704,116$647,625$858,883
35$988,551$707,757$638,461$891,333
36$1,057,552$710,605$628,017$926,146
37$1,132,587$712,590$616,221$963,565
38$1,214,242$713,638$602,995$1,003,857
39$1,303,159$713,671$588,260$1,047,321
40$1,400,045$712,604$571,930$1,094,284
41$1,505,678$710,350$553,918$1,145,110
42$1,620,914$706,815$534,132$1,200,202
43$1,746,698$701,899$512,475$1,260,006
44$1,884,065$695,496$488,847$1,325,015
45$2,034,158$687,494$463,143$1,395,773
46$2,198,236$677,775$435,251$1,472,884
47$2,377,682$666,212$405,058$1,557,015
48$2,574,021$652,672$372,443$1,648,904
49$2,788,932$637,014$337,281$1,749,365
50$3,024,263$619,088$299,440$1,859,301
51$3,282,051$598,735$258,784$1,979,707
52$3,564,535$575,789$215,169$2,111,685
53$3,874,187$550,072$168,446$2,256,452
54$4,213,724$521,395$118,458$2,415,352
55$4,586,141$489,561$65,044$2,589,871
56$4,994,737$454,359$8,033$2,781,649
57$5,443,146$415,568$0$2,992,500
58$5,935,369$372,954$0$3,237,950
59$6,475,815$326,267$0$3,509,759
60$7,069,341$275,246$0$3,808,362
61$7,721,295$219,615$0$4,136,505
62$8,437,571$159,080$0$4,497,221
63$9,224,662$93,333$0$4,893,851
64$10,089,719$22,048$0$5,330,083
65$11,040,623$0$0$5,809,984
66$12,086,054$0$0$6,355,020
67$13,235,577$0$0$6,961,874
68$14,499,728$0$0$7,629,325
69$15,890,118$0$0$8,363,511
70$17,419,537$0$0$9,171,198
71$19,102,079$0$0$10,059,839
72$20,953,271$0$0$11,037,647
73$22,990,222$0$0$12,113,671
74$25,231,783$0$0$13,297,879
75$27,698,725$0$0$14,601,258
76$30,413,934$0$0$16,035,911
77$33,402,627$0$0$17,615,178
78$36,692,591$0$0$19,353,752
79$40,314,443$0$0$21,267,829
80$44,301,918$0$0$23,375,252
81$48,692,191$0$0$25,695,682
82$53,526,224$0$0$28,250,785
83$58,849,152$0$0$31,064,434
84$64,710,711$0$0$34,162,935
85$71,165,706$0$0$37,575,276
86$78,274,527$0$0$41,333,400
87$86,103,720$0$0$45,472,503
88$94,726,615$0$0$50,031,372
89$104,224,014$0$0$55,052,747
90$114,684,960$0$0$60,583,725
91$126,207,571$0$0$66,676,204
92$138,899,967$0$0$73,387,374
93$152,881,293$0$0$80,780,254
94$168,282,841$0$0$88,924,290
95$185,249,287$0$0$97,896,007
96$203,940,062$0$0$107,779,735
97$224,530,849$0$0$118,668,402
98$247,215,246$0$0$130,664,408
99$272,206,594$0$0$143,880,600
100$299,739,983$0$0$158,441,329