Can I retire at age 30 with 647,000?

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 $647,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$53,429$52,953$52,488$52,035$51,593$51,246
2 years$26,450$25,957$25,480$25,017$24,568$24,218
3 years$17,458$16,963$16,487$16,029$15,587$15,245
4 years$12,963$12,470$11,998$11,548$11,117$10,786
5 years$10,267$9,777$9,311$8,870$8,451$8,131
6 years$8,470$7,983$7,525$7,093$6,687$6,379
7 years$7,187$6,704$6,253$5,832$5,438$5,142
8 years$6,225$5,747$5,303$4,892$4,511$4,228
9 years$5,477$5,004$4,568$4,167$3,799$3,527
10 years$4,879$4,410$3,982$3,592$3,237$2,977
11 years$4,391$3,926$3,506$3,126$2,784$2,536
12 years$3,984$3,524$3,111$2,742$2,413$2,176
13 years$3,639$3,185$2,780$2,421$2,104$1,878
14 years$3,345$2,895$2,498$2,149$1,844$1,629
15 years$3,090$2,645$2,255$1,916$1,624$1,420
16 years$2,866$2,426$2,045$1,716$1,435$1,241
17 years$2,670$2,235$1,860$1,542$1,272$1,089
18 years$2,495$2,065$1,698$1,389$1,131$957
19 years$2,339$1,914$1,555$1,255$1,008$844
20 years$2,199$1,778$1,427$1,137$901$745
21 years$2,072$1,656$1,312$1,032$806$659
22 years$1,957$1,546$1,210$938$723$584
23 years$1,852$1,446$1,117$855$649$518
24 years$1,756$1,355$1,033$779$583$460
25 years$1,668$1,271$957$712$525$409
26 years$1,587$1,195$887$651$473$364
27 years$1,512$1,125$824$596$426$324
28 years$1,442$1,060$766$546$384$288
29 years$1,377$1,000$713$501$347$257
30 years$1,317$944$664$459$314$229
31 years$1,261$893$619$422$284$205
32 years$1,208$845$577$388$257$183
33 years$1,159$800$539$357$232$163
34 years$1,112$758$504$328$210$146
35 years$1,069$719$471$302$190$130
36 years$1,028$682$441$278$172$117
37 years$989$648$412$256$156$104
38 years$952$616$386$236$142$93
39 years$917$586$362$218$129$83
40 years$885$557$339$201$117$75
41 years$853$530$318$185$106$67
42 years$824$505$298$171$96$60
43 years$796$481$280$158$87$54
44 years$769$459$263$146$79$48
45 years$743$438$247$135$72$43
46 years$719$417$232$124$65$38
47 years$696$398$218$115$59$34
48 years$673$380$205$106$54$31
49 years$652$363$192$98$49$28
50 years$632$347$181$91$44$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $647,000, adding $4,484 every year, while hoping to spend $22,362 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: 44/26/30 Blend
29$647,000$647,000$647,000$647,000
30$717,619$683,328$673,300$742,774
31$767,023$693,018$672,062$770,911
32$820,717$702,434$670,034$798,936
33$879,115$711,537$667,164$828,897
34$942,672$720,290$663,401$860,989
35$1,011,889$728,648$658,690$895,426
36$1,087,317$736,568$652,972$932,444
37$1,169,564$744,001$646,187$972,307
38$1,259,298$750,895$638,273$1,015,304
39$1,357,253$757,195$629,161$1,061,757
40$1,464,239$762,844$618,785$1,112,021
41$1,581,147$767,779$607,069$1,166,488
42$1,708,958$771,934$593,940$1,225,592
43$1,848,750$775,238$579,316$1,289,813
44$2,001,715$777,616$563,115$1,359,682
45$2,169,160$778,990$545,250$1,435,784
46$2,352,528$779,274$525,629$1,518,768
47$2,553,405$778,378$504,157$1,609,348
48$2,773,541$776,207$480,735$1,708,317
49$3,014,861$772,660$455,259$1,816,548
50$3,279,486$767,630$427,619$1,935,006
51$3,569,752$761,002$397,702$2,064,758
52$3,888,231$752,655$365,390$2,206,982
53$4,237,758$742,462$330,557$2,362,978
54$4,621,453$730,287$293,075$2,534,183
55$5,042,756$715,986$252,808$2,722,182
56$5,505,454$699,406$209,614$2,928,728
57$6,013,720$680,386$163,345$3,155,753
58$6,572,151$658,756$113,848$3,405,392
59$7,185,810$634,335$60,962$3,680,002
60$7,860,275$606,931$4,517$3,982,183
61$8,601,695$576,341$0$4,314,806
62$9,416,838$542,352$0$4,698,875
63$10,313,166$504,738$0$5,122,752
64$11,298,897$463,259$0$5,588,910
65$12,383,088$417,661$0$6,101,671
66$13,575,714$367,678$0$6,665,797
67$14,887,769$313,027$0$7,286,543
68$16,331,365$253,408$0$7,969,699
69$17,919,846$188,507$0$8,721,648
70$19,667,917$117,991$0$9,549,430
71$21,591,779$41,507$0$10,460,803
72$23,709,284$0$0$11,464,321
73$26,040,100$0$0$12,581,235
74$28,605,904$0$0$13,823,922
75$31,430,574$0$0$15,192,083
76$34,540,428$0$0$16,698,478
77$37,964,461$0$0$18,357,164
78$41,734,624$0$0$20,183,633
79$45,886,123$0$0$22,194,953
80$50,457,755$0$0$24,409,935
81$55,492,267$0$0$26,849,305
82$61,036,766$0$0$29,535,901
83$67,143,159$0$0$32,494,891
84$73,868,644$0$0$35,754,008
85$81,276,250$0$0$39,343,810
86$89,435,432$0$0$43,297,974
87$98,422,724$0$0$47,653,606
88$108,322,464$0$0$52,451,600
89$119,227,586$0$0$57,737,014
90$131,240,502$0$0$63,559,504
91$144,474,065$0$0$69,973,787
92$159,052,632$0$0$77,040,161
93$175,113,243$0$0$84,825,069
94$192,806,909$0$0$93,401,733
95$212,300,041$0$0$102,850,839
96$233,776,017$0$0$113,261,300
97$257,436,916$0$0$124,731,099
98$283,505,423$0$0$137,368,206
99$312,226,930$0$0$151,291,607
100$343,871,856$0$0$166,632,418