Can I retire at age 30 with 620,000?

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 $620,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$51,199$50,743$50,298$49,864$49,440$49,128
2 years$25,346$24,874$24,417$23,973$23,543$23,228
3 years$16,730$16,255$15,799$15,360$14,936$14,629
4 years$12,422$11,949$11,498$11,066$10,653$10,355
5 years$9,838$9,369$8,923$8,500$8,098$7,810
6 years$8,116$7,650$7,211$6,797$6,408$6,131
7 years$6,887$6,425$5,992$5,588$5,211$4,945
8 years$5,965$5,507$5,082$4,688$4,323$4,068
9 years$5,249$4,795$4,377$3,993$3,641$3,396
10 years$4,676$4,226$3,816$3,442$3,102$2,868
11 years$4,207$3,763$3,360$2,996$2,668$2,444
12 years$3,817$3,377$2,982$2,628$2,312$2,098
13 years$3,488$3,052$2,664$2,320$2,016$1,813
14 years$3,205$2,774$2,393$2,059$1,767$1,574
15 years$2,961$2,534$2,161$1,836$1,556$1,372
16 years$2,747$2,325$1,959$1,644$1,375$1,200
17 years$2,558$2,141$1,783$1,477$1,219$1,053
18 years$2,391$1,979$1,627$1,331$1,084$927
19 years$2,242$1,834$1,490$1,203$966$818
20 years$2,107$1,704$1,367$1,090$863$722
21 years$1,986$1,587$1,258$989$772$639
22 years$1,875$1,482$1,159$899$692$567
23 years$1,775$1,386$1,070$819$622$503
24 years$1,683$1,298$990$747$559$447
25 years$1,598$1,218$917$682$503$398
26 years$1,521$1,145$850$624$453$354
27 years$1,449$1,078$790$571$408$316
28 years$1,382$1,016$734$523$368$281
29 years$1,320$958$683$480$333$251
30 years$1,262$905$636$440$301$224
31 years$1,208$855$593$404$272$200
32 years$1,158$809$553$372$246$179
33 years$1,110$766$517$342$222$160
34 years$1,066$726$483$314$201$143
35 years$1,024$689$451$289$182$128
36 years$985$654$422$267$165$115
37 years$948$621$395$246$150$102
38 years$912$590$370$226$136$92
39 years$879$561$347$209$123$82
40 years$848$534$325$192$112$74
41 years$818$508$305$178$101$66
42 years$789$484$286$164$92$59
43 years$762$461$268$151$83$53
44 years$737$440$252$140$76$47
45 years$712$419$236$129$69$42
46 years$689$400$222$119$62$38
47 years$667$382$209$110$57$34
48 years$645$364$196$102$51$31
49 years$625$348$184$94$47$27
50 years$605$332$173$87$42$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $620,000, adding $4,497 every year, while hoping to spend $39,277 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: 76/17/7 Blend
29$620,000$620,000$620,000$620,000
30$687,879$655,019$645,409$739,205
31$716,252$645,324$625,239$763,875
32$746,203$633,838$603,078$785,424
33$777,851$620,432$578,817$807,903
34$811,326$604,967$552,342$831,390
35$846,771$587,301$523,535$855,969
36$884,342$567,278$492,273$881,734
37$924,207$544,737$458,427$908,789
38$966,553$519,506$421,861$937,250
39$1,011,583$491,403$382,434$967,243
40$1,059,518$460,236$340,000$998,911
41$1,110,603$425,801$294,404$1,032,410
42$1,165,103$387,885$245,485$1,067,912
43$1,223,311$346,258$193,076$1,105,611
44$1,285,546$300,682$137,001$1,145,718
45$1,352,159$250,903$77,078$1,188,469
46$1,423,534$196,652$13,115$1,234,125
47$1,500,093$137,647$0$1,282,973
48$1,582,299$73,588$0$1,339,452
49$1,670,660$4,160$0$1,401,111
50$1,765,733$0$0$1,467,375
51$1,868,131$0$0$1,551,971
52$1,978,525$0$0$1,644,031
53$2,097,655$0$0$1,743,394
54$2,226,331$0$0$1,850,740
55$2,365,446$0$0$1,966,815
56$2,515,980$0$0$2,092,440
57$2,679,010$0$0$2,228,516
58$2,855,720$0$0$2,376,036
59$3,047,414$0$0$2,536,089
60$3,255,523$0$0$2,709,875
61$3,481,624$0$0$2,898,712
62$3,727,448$0$0$3,104,053
63$3,994,904$0$0$3,327,494
64$4,286,090$0$0$3,570,790
65$4,603,312$0$0$3,835,875
66$4,949,113$0$0$4,124,876
67$5,326,288$0$0$4,440,135
68$5,737,914$0$0$4,784,226
69$6,187,379$0$0$5,159,988
70$6,678,411$0$0$5,570,543
71$7,215,116$0$0$6,019,327
72$7,802,014$0$0$6,510,126
73$8,444,080$0$0$7,047,106
74$9,146,794$0$0$7,634,857
75$9,916,190$0$0$8,278,429
76$10,758,912$0$0$8,983,388
77$11,682,276$0$0$9,755,861
78$12,694,340$0$0$10,602,594
79$13,803,980$0$0$11,531,021
80$15,020,971$0$0$12,549,327
81$16,356,077$0$0$13,666,528
82$17,821,158$0$0$14,892,554
83$19,429,274$0$0$16,238,343
84$21,194,815$0$0$17,715,946
85$23,133,630$0$0$19,338,635
86$25,263,177$0$0$21,121,032
87$27,602,690$0$0$23,079,244
88$30,173,358$0$0$25,231,015
89$32,998,523$0$0$27,595,894
90$36,103,900$0$0$30,195,417
91$39,517,821$0$0$33,053,311
92$43,271,498$0$0$36,195,715
93$47,399,320$0$0$39,651,431
94$51,939,176$0$0$43,452,187
95$56,932,808$0$0$47,632,945
96$62,426,209$0$0$52,232,221
97$68,470,054$0$0$57,292,457
98$75,120,178$0$0$62,860,412
99$82,438,098$0$0$68,987,608
100$90,491,600$0$0$75,730,814