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%12.2%
1 years$51,199$50,743$50,298$49,864$49,440$48,985
2 years$25,346$24,874$24,417$23,973$23,543$23,084
3 years$16,730$16,255$15,799$15,360$14,936$14,489
4 years$12,422$11,949$11,498$11,066$10,653$10,219
5 years$9,838$9,369$8,923$8,500$8,098$7,680
6 years$8,116$7,650$7,211$6,797$6,408$6,006
7 years$6,887$6,425$5,992$5,588$5,211$4,825
8 years$5,965$5,507$5,082$4,688$4,323$3,954
9 years$5,249$4,795$4,377$3,993$3,641$3,287
10 years$4,676$4,226$3,816$3,442$3,102$2,764
11 years$4,207$3,763$3,360$2,996$2,668$2,346
12 years$3,817$3,377$2,982$2,628$2,312$2,005
13 years$3,488$3,052$2,664$2,320$2,016$1,724
14 years$3,205$2,774$2,393$2,059$1,767$1,490
15 years$2,961$2,534$2,161$1,836$1,556$1,293
16 years$2,747$2,325$1,959$1,644$1,375$1,126
17 years$2,558$2,141$1,783$1,477$1,219$983
18 years$2,391$1,979$1,627$1,331$1,084$861
19 years$2,242$1,834$1,490$1,203$966$756
20 years$2,107$1,704$1,367$1,090$863$664
21 years$1,986$1,587$1,258$989$772$585
22 years$1,875$1,482$1,159$899$692$516
23 years$1,775$1,386$1,070$819$622$455
24 years$1,683$1,298$990$747$559$403
25 years$1,598$1,218$917$682$503$356
26 years$1,521$1,145$850$624$453$315
27 years$1,449$1,078$790$571$408$280
28 years$1,382$1,016$734$523$368$248
29 years$1,320$958$683$480$333$220
30 years$1,262$905$636$440$301$195
31 years$1,208$855$593$404$272$173
32 years$1,158$809$553$372$246$154
33 years$1,110$766$517$342$222$137
34 years$1,066$726$483$314$201$122
35 years$1,024$689$451$289$182$108
36 years$985$654$422$267$165$96
37 years$948$621$395$246$150$86
38 years$912$590$370$226$136$76
39 years$879$561$347$209$123$68
40 years$848$534$325$192$112$60
41 years$818$508$305$178$101$54
42 years$789$484$286$164$92$48
43 years$762$461$268$151$83$43
44 years$737$440$252$140$76$38
45 years$712$419$236$129$69$34
46 years$689$400$222$119$62$30
47 years$667$382$209$110$57$27
48 years$645$364$196$102$51$24
49 years$625$348$184$94$47$21
50 years$605$332$173$87$42$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $620,000, adding $2,745 every year, while hoping to spend $53,088 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: 44/39/17 Blend
29$620,000$620,000$620,000$620,000
30$686,071$653,211$643,601$712,778
31$699,566$628,734$608,677$707,304
32$712,657$601,277$570,803$695,889
33$725,248$570,640$529,825$682,388
34$737,230$536,608$485,581$666,634
35$748,482$498,956$437,903$648,445
36$758,867$457,445$386,612$627,627
37$768,234$411,822$331,526$603,970
38$776,412$361,820$272,451$577,250
39$783,215$307,158$209,186$547,224
40$788,431$247,537$141,522$513,632
41$791,826$182,642$69,239$476,194
42$793,142$112,141$0$434,607
43$792,090$35,682$0$389,979
44$788,348$0$0$354,022
45$781,562$0$0$334,047
46$771,337$0$0$327,674
47$757,236$0$0$319,377
48$738,774$0$0$308,920
49$715,415$0$0$296,041
50$686,563$0$0$280,449
51$651,561$0$0$261,825
52$609,680$0$0$239,814
53$560,115$0$0$214,023
54$501,974$0$0$184,018
55$434,271$0$0$149,320
56$355,917$0$0$109,398
57$265,708$0$0$63,667
58$162,312$0$0$11,480
59$44,259$0$0$0
60$0$0$0$0
61$0$0$0$0
62$0$0$0$0
63$0$0$0$0
64$0$0$0$0
65$0$0$0$0
66$0$0$0$0
67$0$0$0$0
68$0$0$0$0
69$0$0$0$0
70$0$0$0$0
71$0$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0