Can I retire at age 30 with 622,000?

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 $622,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$51,364$50,907$50,460$50,025$49,599$47,820
2 years$25,428$24,954$24,495$24,050$23,619$21,846
3 years$16,783$16,308$15,850$15,409$14,985$13,273
4 years$12,462$11,988$11,535$11,101$10,687$9,051
5 years$9,870$9,399$8,951$8,527$8,124$6,567
6 years$8,143$7,675$7,234$6,819$6,428$4,951
7 years$6,909$6,445$6,012$5,606$5,228$3,831
8 years$5,984$5,525$5,098$4,703$4,337$3,018
9 years$5,266$4,810$4,391$4,006$3,653$2,411
10 years$4,691$4,240$3,828$3,453$3,112$1,945
11 years$4,221$3,775$3,370$3,005$2,677$1,582
12 years$3,830$3,388$2,991$2,636$2,319$1,294
13 years$3,499$3,062$2,672$2,327$2,023$1,064
14 years$3,215$2,783$2,401$2,066$1,773$879
15 years$2,970$2,542$2,168$1,842$1,561$728
16 years$2,756$2,333$1,966$1,650$1,380$604
17 years$2,567$2,148$1,789$1,482$1,223$503
18 years$2,399$1,985$1,633$1,336$1,088$419
19 years$2,249$1,840$1,495$1,207$970$350
20 years$2,114$1,710$1,372$1,093$866$293
21 years$1,992$1,592$1,262$992$775$245
22 years$1,882$1,486$1,163$902$695$205
23 years$1,781$1,390$1,074$822$624$172
24 years$1,688$1,303$993$749$560$144
25 years$1,604$1,222$920$684$504$121
26 years$1,525$1,149$853$626$454$101
27 years$1,453$1,081$792$573$410$85
28 years$1,386$1,019$736$525$370$72
29 years$1,324$961$685$481$334$60
30 years$1,266$908$638$442$302$50
31 years$1,212$858$595$406$273$42
32 years$1,161$812$555$373$247$36
33 years$1,114$769$518$343$223$30
34 years$1,069$729$484$315$202$25
35 years$1,027$691$453$290$183$21
36 years$988$656$424$267$166$18
37 years$951$623$396$246$150$15
38 years$915$592$371$227$136$13
39 years$882$563$348$209$124$11
40 years$850$536$326$193$112$9
41 years$820$510$306$178$102$7
42 years$792$486$287$164$92$6
43 years$765$463$269$152$84$5
44 years$739$441$253$140$76$4
45 years$714$421$237$129$69$4
46 years$691$401$223$120$63$3
47 years$669$383$209$110$57$3
48 years$647$366$197$102$52$2
49 years$627$349$185$94$47$2
50 years$607$333$174$87$43$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $622,000, adding $5,397 every year, while hoping to spend $21,550 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: 60/19/21 Blend
29$622,000$622,000$622,000$622,000
30$691,011$658,045$648,404$728,346
31$738,565$667,360$647,197$763,593
32$790,247$676,410$645,226$799,198
33$846,456$685,157$642,445$837,561
34$907,630$693,565$638,802$878,953
35$974,251$701,592$634,245$923,675
36$1,046,849$709,195$628,717$972,056
37$1,126,009$716,327$622,160$1,024,461
38$1,212,374$722,939$614,514$1,081,291
39$1,306,650$728,977$605,714$1,142,989
40$1,409,617$734,385$595,694$1,210,046
41$1,522,131$739,104$584,383$1,283,000
42$1,645,137$743,068$571,709$1,362,447
43$1,779,674$746,211$557,594$1,449,045
44$1,926,886$748,461$541,958$1,543,517
45$2,088,032$749,739$524,718$1,646,664
46$2,264,500$749,965$505,785$1,759,367
47$2,457,818$749,053$485,067$1,882,600
48$2,669,668$746,909$462,470$2,017,435
49$2,901,903$743,436$437,891$2,165,057
50$3,156,564$738,531$411,227$2,326,772
51$3,435,898$732,084$382,368$2,504,021
52$3,742,381$723,977$351,199$2,698,391
53$4,078,740$714,088$317,600$2,911,636
54$4,447,979$702,286$281,447$3,145,689
55$4,853,406$688,431$242,609$3,402,681
56$5,298,666$672,377$200,949$3,684,963
57$5,787,775$653,969$156,326$3,995,130
58$6,325,155$633,040$108,589$4,336,039
59$6,915,679$609,417$57,585$4,710,845
60$7,564,715$582,916$3,152$5,123,025
61$8,278,178$553,340$0$5,576,415
62$9,062,582$520,484$0$6,087,552
63$9,925,107$484,129$0$6,650,344
64$10,873,661$444,044$0$7,269,266
65$11,916,957$399,985$0$7,950,032
66$13,064,596$351,694$0$8,698,937
67$14,327,156$298,898$0$9,522,920
68$15,716,291$241,309$0$10,429,631
69$17,244,842$178,623$0$11,427,497
70$18,926,959$110,518$0$12,525,811
71$20,778,230$36,655$0$13,734,813
72$22,815,834$0$0$15,065,787
73$25,058,697$0$0$16,540,232
74$27,527,675$0$0$18,171,820
75$30,245,749$0$0$19,968,082
76$33,238,239$0$0$21,945,758
77$36,533,046$0$0$24,123,297
78$40,160,916$0$0$26,521,026
79$44,155,726$0$0$29,161,343
80$48,554,806$0$0$32,068,930
81$53,399,291$0$0$35,270,985
82$58,734,508$0$0$38,797,477
83$64,610,404$0$0$42,681,429
84$71,082,019$0$0$46,959,233
85$78,210,001$0$0$51,670,989
86$86,061,182$0$0$56,860,884
87$94,709,207$0$0$62,577,611
88$104,235,229$0$0$68,874,827
89$114,728,674$0$0$75,811,659
90$126,288,086$0$0$83,453,264
91$139,022,057$0$0$91,871,440
92$153,050,248$0$0$101,145,307
93$168,504,526$0$0$111,362,053
94$185,530,199$0$0$122,617,754
95$204,287,395$0$0$135,018,285
96$224,952,568$0$0$148,680,316
97$247,720,165$0$0$163,732,415
98$272,804,465$0$0$180,316,259
99$300,441,594$0$0$198,587,973
100$330,891,758$0$0$218,719,606