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%12.6%
1 years$51,199$50,743$50,298$49,864$49,440$48,903
2 years$25,346$24,874$24,417$23,973$23,543$23,002
3 years$16,730$16,255$15,799$15,360$14,936$14,409
4 years$12,422$11,949$11,498$11,066$10,653$10,143
5 years$9,838$9,369$8,923$8,500$8,098$7,607
6 years$8,116$7,650$7,211$6,797$6,408$5,936
7 years$6,887$6,425$5,992$5,588$5,211$4,758
8 years$5,965$5,507$5,082$4,688$4,323$3,890
9 years$5,249$4,795$4,377$3,993$3,641$3,227
10 years$4,676$4,226$3,816$3,442$3,102$2,707
11 years$4,207$3,763$3,360$2,996$2,668$2,291
12 years$3,817$3,377$2,982$2,628$2,312$1,954
13 years$3,488$3,052$2,664$2,320$2,016$1,676
14 years$3,205$2,774$2,393$2,059$1,767$1,444
15 years$2,961$2,534$2,161$1,836$1,556$1,250
16 years$2,747$2,325$1,959$1,644$1,375$1,085
17 years$2,558$2,141$1,783$1,477$1,219$945
18 years$2,391$1,979$1,627$1,331$1,084$825
19 years$2,242$1,834$1,490$1,203$966$722
20 years$2,107$1,704$1,367$1,090$863$633
21 years$1,986$1,587$1,258$989$772$556
22 years$1,875$1,482$1,159$899$692$489
23 years$1,775$1,386$1,070$819$622$430
24 years$1,683$1,298$990$747$559$379
25 years$1,598$1,218$917$682$503$334
26 years$1,521$1,145$850$624$453$295
27 years$1,449$1,078$790$571$408$261
28 years$1,382$1,016$734$523$368$230
29 years$1,320$958$683$480$333$204
30 years$1,262$905$636$440$301$180
31 years$1,208$855$593$404$272$160
32 years$1,158$809$553$372$246$141
33 years$1,110$766$517$342$222$125
34 years$1,066$726$483$314$201$111
35 years$1,024$689$451$289$182$98
36 years$985$654$422$267$165$87
37 years$948$621$395$246$150$77
38 years$912$590$370$226$136$69
39 years$879$561$347$209$123$61
40 years$848$534$325$192$112$54
41 years$818$508$305$178$101$48
42 years$789$484$286$164$92$42
43 years$762$461$268$151$83$38
44 years$737$440$252$140$76$33
45 years$712$419$236$129$69$30
46 years$689$400$222$119$62$26
47 years$667$382$209$110$57$23
48 years$645$364$196$102$51$21
49 years$625$348$184$94$47$18
50 years$605$332$173$87$42$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $620,000, adding $2,150 every year, while hoping to spend $43,441 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: 32/50/18 Blend
29$620,000$620,000$620,000$620,000
30$685,458$652,598$642,988$703,482
31$709,154$638,354$618,307$702,836
32$733,810$621,957$591,343$698,006
33$759,480$603,254$561,975$691,881
34$786,220$582,085$530,073$684,370
35$814,088$558,282$495,505$675,383
36$843,151$531,664$458,130$664,822
37$873,478$502,041$417,803$652,585
38$905,145$469,213$374,372$638,565
39$938,233$432,968$327,677$622,650
40$972,830$393,080$277,551$604,722
41$1,009,031$349,314$223,821$584,659
42$1,046,940$301,417$166,306$562,331
43$1,086,667$249,126$104,817$537,604
44$1,128,333$192,160$39,155$510,337
45$1,172,071$130,223$0$480,383
46$1,218,023$63,004$0$453,527
47$1,266,343$0$0$432,082
48$1,317,200$0$0$413,803
49$1,370,778$0$0$431,100
50$1,427,277$0$0$449,376
51$1,486,913$0$0$468,707
52$1,549,926$0$0$489,176
53$1,616,573$0$0$510,870
54$1,687,137$0$0$533,889
55$1,761,928$0$0$558,340
56$1,841,283$0$0$584,340
57$1,925,571$0$0$612,016
58$2,015,195$0$0$641,510
59$2,110,596$0$0$672,975
60$2,212,260$0$0$706,580
61$2,320,713$0$0$742,508
62$2,436,538$0$0$780,962
63$2,560,368$0$0$822,165
64$2,692,901$0$0$866,359
65$2,834,902$0$0$913,811
66$2,987,206$0$0$964,814
67$3,150,735$0$0$1,019,690
68$3,326,497$0$0$1,078,792
69$3,515,600$0$0$1,142,508
70$3,719,260$0$0$1,211,264
71$3,938,814$0$0$1,285,528
72$4,175,727$0$0$1,365,814
73$4,431,613$0$0$1,452,688
74$4,708,244$0$0$1,546,772
75$5,007,565$0$0$1,648,748
76$5,331,719$0$0$1,759,368
77$5,683,058$0$0$1,879,459
78$6,064,169$0$0$2,009,929
79$6,477,900$0$0$2,151,778
80$6,927,379$0$0$2,306,106
81$7,416,050$0$0$2,474,122
82$7,947,702$0$0$2,657,160
83$8,526,501$0$0$2,856,684
84$9,157,033$0$0$3,074,307
85$9,844,346$0$0$3,311,804
86$10,593,994$0$0$3,571,129
87$11,412,090$0$0$3,854,433
88$12,305,363$0$0$4,164,084
89$13,281,221$0$0$4,502,689
90$14,347,819$0$0$4,873,119
91$15,514,135$0$0$5,278,534
92$16,790,055$0$0$5,722,415
93$18,186,464$0$0$6,208,594
94$19,715,346$0$0$6,741,292
95$21,389,901$0$0$7,325,156
96$23,224,664$0$0$7,965,307
97$25,235,642$0$0$8,667,382
98$27,440,464$0$0$9,437,592
99$29,858,549$0$0$10,282,776
100$32,511,281$0$0$11,210,469