Can I retire at age 30 with 620,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%12.8%
1 years$51,199$50,743$50,298$49,864$49,440$48,862
2 years$25,346$24,874$24,417$23,973$23,543$22,962
3 years$16,730$16,255$15,799$15,360$14,936$14,370
4 years$12,422$11,949$11,498$11,066$10,653$10,105
5 years$9,838$9,369$8,923$8,500$8,098$7,570
6 years$8,116$7,650$7,211$6,797$6,408$5,901
7 years$6,887$6,425$5,992$5,588$5,211$4,725
8 years$5,965$5,507$5,082$4,688$4,323$3,858
9 years$5,249$4,795$4,377$3,993$3,641$3,197
10 years$4,676$4,226$3,816$3,442$3,102$2,679
11 years$4,207$3,763$3,360$2,996$2,668$2,265
12 years$3,817$3,377$2,982$2,628$2,312$1,928
13 years$3,488$3,052$2,664$2,320$2,016$1,652
14 years$3,205$2,774$2,393$2,059$1,767$1,422
15 years$2,961$2,534$2,161$1,836$1,556$1,229
16 years$2,747$2,325$1,959$1,644$1,375$1,066
17 years$2,558$2,141$1,783$1,477$1,219$927
18 years$2,391$1,979$1,627$1,331$1,084$808
19 years$2,242$1,834$1,490$1,203$966$706
20 years$2,107$1,704$1,367$1,090$863$618
21 years$1,986$1,587$1,258$989$772$542
22 years$1,875$1,482$1,159$899$692$476
23 years$1,775$1,386$1,070$819$622$418
24 years$1,683$1,298$990$747$559$368
25 years$1,598$1,218$917$682$503$324
26 years$1,521$1,145$850$624$453$285
27 years$1,449$1,078$790$571$408$252
28 years$1,382$1,016$734$523$368$222
29 years$1,320$958$683$480$333$196
30 years$1,262$905$636$440$301$173
31 years$1,208$855$593$404$272$153
32 years$1,158$809$553$372$246$135
33 years$1,110$766$517$342$222$120
34 years$1,066$726$483$314$201$106
35 years$1,024$689$451$289$182$94
36 years$985$654$422$267$165$83
37 years$948$621$395$246$150$73
38 years$912$590$370$226$136$65
39 years$879$561$347$209$123$58
40 years$848$534$325$192$112$51
41 years$818$508$305$178$101$45
42 years$789$484$286$164$92$40
43 years$762$461$268$151$83$35
44 years$737$440$252$140$76$31
45 years$712$419$236$129$69$28
46 years$689$400$222$119$62$25
47 years$667$382$209$110$57$22
48 years$645$364$196$102$51$19
49 years$625$348$184$94$47$17
50 years$605$332$173$87$42$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $620,000, adding $4,932 every year, while hoping to spend $27,234 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: 60/20/20 Blend
29$620,000$620,000$620,000$620,000
30$688,327$655,467$645,857$725,743
31$729,560$658,608$638,517$754,794
32$774,086$660,991$630,018$783,048
33$822,211$662,548$620,292$813,259
34$874,275$663,211$609,270$845,619
35$930,647$662,904$596,876$880,344
36$991,735$661,549$583,034$917,671
37$1,057,989$659,062$567,663$957,861
38$1,129,901$655,353$550,677$1,001,206
39$1,208,014$650,329$531,988$1,048,025
40$1,292,925$643,888$511,503$1,098,674
41$1,385,290$635,926$489,125$1,153,544
42$1,485,832$626,328$464,753$1,213,067
43$1,595,345$614,977$438,280$1,277,724
44$1,714,705$601,744$409,596$1,348,042
45$1,844,872$586,498$378,586$1,424,606
46$1,986,908$569,095$345,127$1,508,063
47$2,141,978$549,386$309,095$1,599,125
48$2,311,366$527,212$270,355$1,698,581
49$2,496,485$502,405$228,772$1,807,303
50$2,698,891$474,788$184,200$1,926,250
51$2,920,297$444,171$136,490$2,056,487
52$3,162,590$410,358$85,485$2,199,185
53$3,427,845$373,136$31,019$2,355,641
54$3,718,350$332,286$0$2,527,285
55$4,036,625$287,570$0$2,721,480
56$4,385,442$238,742$0$2,941,626
57$4,767,856$185,540$0$3,183,060
58$5,187,232$127,686$0$3,447,950
59$5,647,276$64,889$0$3,738,684
60$6,152,069$0$0$4,057,896
61$6,706,107$0$0$4,409,185
62$7,314,342$0$0$4,810,566
63$7,982,231$0$0$5,251,365
64$8,715,781$0$0$5,735,555
65$9,521,614$0$0$6,267,511
66$10,407,021$0$0$6,852,054
67$11,380,038$0$0$7,494,497
68$12,449,514$0$0$8,200,690
69$13,625,201$0$0$8,977,081
70$14,917,843$0$0$9,830,770
71$16,339,274$0$0$10,769,584
72$17,902,535$0$0$11,802,143
73$19,621,993$0$0$12,937,946
74$21,513,479$0$0$14,187,458
75$23,594,432$0$0$15,562,211
76$25,884,070$0$0$17,074,909
77$28,403,565$0$0$18,739,551
78$31,176,247$0$0$20,571,560
79$34,227,822$0$0$22,587,933
80$37,586,613$0$0$24,807,395
81$41,283,828$0$0$27,250,581
82$45,353,856$0$0$29,940,225
83$49,834,588$0$0$32,901,381
84$54,767,775$0$0$36,161,653
85$60,199,424$0$0$39,751,459
86$66,180,230$0$0$43,704,317
87$72,766,053$0$0$48,057,161
88$80,018,445$0$0$52,850,687
89$88,005,235$0$0$58,129,740
90$96,801,162$0$0$63,943,739
91$106,488,584$0$0$70,347,135
92$117,158,256$0$0$77,399,933
93$128,910,180$0$0$85,168,255
94$141,854,557$0$0$93,724,961
95$156,112,820$0$0$103,150,343
96$171,818,782$0$0$113,532,874
97$189,119,899$0$0$124,970,051
98$208,178,663$0$0$137,569,311
99$229,174,128$0$0$151,449,042
100$252,303,611$0$0$166,739,708