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%13.4%
1 years$51,199$50,743$50,298$49,864$49,440$48,741
2 years$25,346$24,874$24,417$23,973$23,543$22,840
3 years$16,730$16,255$15,799$15,360$14,936$14,252
4 years$12,422$11,949$11,498$11,066$10,653$9,992
5 years$9,838$9,369$8,923$8,500$8,098$7,462
6 years$8,116$7,650$7,211$6,797$6,408$5,798
7 years$6,887$6,425$5,992$5,588$5,211$4,627
8 years$5,965$5,507$5,082$4,688$4,323$3,765
9 years$5,249$4,795$4,377$3,993$3,641$3,108
10 years$4,676$4,226$3,816$3,442$3,102$2,595
11 years$4,207$3,763$3,360$2,996$2,668$2,186
12 years$3,817$3,377$2,982$2,628$2,312$1,854
13 years$3,488$3,052$2,664$2,320$2,016$1,582
14 years$3,205$2,774$2,393$2,059$1,767$1,356
15 years$2,961$2,534$2,161$1,836$1,556$1,167
16 years$2,747$2,325$1,959$1,644$1,375$1,008
17 years$2,558$2,141$1,783$1,477$1,219$873
18 years$2,391$1,979$1,627$1,331$1,084$758
19 years$2,242$1,834$1,490$1,203$966$659
20 years$2,107$1,704$1,367$1,090$863$575
21 years$1,986$1,587$1,258$989$772$501
22 years$1,875$1,482$1,159$899$692$438
23 years$1,775$1,386$1,070$819$622$383
24 years$1,683$1,298$990$747$559$336
25 years$1,598$1,218$917$682$503$294
26 years$1,521$1,145$850$624$453$258
27 years$1,449$1,078$790$571$408$227
28 years$1,382$1,016$734$523$368$199
29 years$1,320$958$683$480$333$175
30 years$1,262$905$636$440$301$154
31 years$1,208$855$593$404$272$135
32 years$1,158$809$553$372$246$119
33 years$1,110$766$517$342$222$105
34 years$1,066$726$483$314$201$92
35 years$1,024$689$451$289$182$81
36 years$985$654$422$267$165$71
37 years$948$621$395$246$150$63
38 years$912$590$370$226$136$55
39 years$879$561$347$209$123$49
40 years$848$534$325$192$112$43
41 years$818$508$305$178$101$38
42 years$789$484$286$164$92$33
43 years$762$461$268$151$83$29
44 years$737$440$252$140$76$26
45 years$712$419$236$129$69$23
46 years$689$400$222$119$62$20
47 years$667$382$209$110$57$18
48 years$645$364$196$102$51$16
49 years$625$348$184$94$47$14
50 years$605$332$173$87$42$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $620,000, adding $2,563 every year, while hoping to spend $23,862 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: 80/10/10 Blend
29$620,000$620,000$620,000$620,000
30$685,884$653,024$643,414$739,437
31$730,455$659,633$639,579$781,546
32$778,773$665,766$634,816$824,366
33$831,194$671,375$629,069$870,649
34$888,111$676,408$622,278$920,730
35$949,956$680,809$614,382$974,977
36$1,017,204$684,521$605,316$1,033,796
37$1,090,377$687,481$595,013$1,097,635
38$1,170,050$689,623$583,401$1,166,986
39$1,256,857$690,876$570,406$1,242,393
40$1,351,492$691,165$555,951$1,324,452
41$1,454,724$690,411$539,954$1,413,824
42$1,567,394$688,530$522,331$1,511,233
43$1,690,432$685,432$502,993$1,617,481
44$1,824,860$681,021$481,847$1,733,448
45$1,971,802$675,198$458,795$1,860,107
46$2,132,497$667,854$433,737$1,998,527
47$2,308,310$658,878$406,565$2,149,888
48$2,500,743$648,147$377,170$2,315,491
49$2,711,448$635,536$345,435$2,496,768
50$2,942,248$620,910$311,239$2,695,298
51$3,195,148$604,125$274,456$2,912,822
52$3,472,356$585,030$234,954$3,151,257
53$3,776,306$563,466$192,594$3,412,717
54$4,109,677$539,263$147,233$3,699,531
55$4,475,419$512,242$98,720$4,014,268
56$4,876,783$482,213$46,899$4,359,756
57$5,317,350$448,977$0$4,739,115
58$5,801,063$412,320$0$5,156,678
59$6,332,267$372,020$0$5,620,735
60$6,915,749$327,839$0$6,130,472
61$7,556,779$279,528$0$6,690,510
62$8,261,167$226,821$0$7,305,942
63$9,035,311$169,440$0$7,982,380
64$9,886,260$107,090$0$8,726,007
65$10,821,780$39,459$0$9,543,637
66$11,850,427$0$0$10,442,778
67$12,981,629$0$0$11,435,423
68$14,225,770$0$0$12,531,969
69$15,594,295$0$0$13,738,162
70$17,099,810$0$0$15,065,116
71$18,756,206$0$0$16,525,078
72$20,578,790$0$0$18,131,541
73$22,584,426$0$0$19,899,371
74$24,791,694$0$0$21,844,950
75$27,221,068$0$0$23,986,327
76$29,895,108$0$0$26,343,390
77$32,838,672$0$0$28,938,054
78$36,079,148$0$0$31,794,463
79$39,646,717$0$0$34,939,225
80$43,574,634$0$0$38,401,657
81$47,899,543$0$0$42,214,064
82$52,661,822$0$0$46,412,043
83$57,905,964$0$0$51,034,818
84$63,680,997$0$0$56,125,612
85$70,040,945$0$0$61,732,052
86$77,045,339$0$0$67,906,620
87$84,759,777$0$0$74,707,148
88$93,256,547$0$0$82,197,363
89$102,615,302$0$0$90,447,487
90$112,923,818$0$0$99,534,902
91$124,278,818$0$0$109,544,880
92$136,786,886$0$0$120,571,383
93$150,565,473$0$0$132,717,958
94$165,744,005$0$0$146,098,704
95$182,465,105$0$0$160,839,358
96$200,885,936$0$0$177,078,473
97$221,179,687$0$0$194,968,733
98$243,537,208$0$0$214,678,390
99$268,168,807$0$0$236,392,852
100$295,306,240$0$0$260,316,432