Can I retire at age 30 with 622,000?

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 $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%12.4%
1 years$51,364$50,907$50,460$50,025$49,599$49,102
2 years$25,428$24,954$24,495$24,050$23,619$23,118
3 years$16,783$16,308$15,850$15,409$14,985$14,495
4 years$12,462$11,988$11,535$11,101$10,687$10,214
5 years$9,870$9,399$8,951$8,527$8,124$7,668
6 years$8,143$7,675$7,234$6,819$6,428$5,990
7 years$6,909$6,445$6,012$5,606$5,228$4,807
8 years$5,984$5,525$5,098$4,703$4,337$3,934
9 years$5,266$4,810$4,391$4,006$3,653$3,267
10 years$4,691$4,240$3,828$3,453$3,112$2,744
11 years$4,221$3,775$3,370$3,005$2,677$2,326
12 years$3,830$3,388$2,991$2,636$2,319$1,986
13 years$3,499$3,062$2,672$2,327$2,023$1,705
14 years$3,215$2,783$2,401$2,066$1,773$1,472
15 years$2,970$2,542$2,168$1,842$1,561$1,275
16 years$2,756$2,333$1,966$1,650$1,380$1,109
17 years$2,567$2,148$1,789$1,482$1,223$967
18 years$2,399$1,985$1,633$1,336$1,088$846
19 years$2,249$1,840$1,495$1,207$970$741
20 years$2,114$1,710$1,372$1,093$866$651
21 years$1,992$1,592$1,262$992$775$572
22 years$1,882$1,486$1,163$902$695$504
23 years$1,781$1,390$1,074$822$624$444
24 years$1,688$1,303$993$749$560$392
25 years$1,604$1,222$920$684$504$346
26 years$1,525$1,149$853$626$454$306
27 years$1,453$1,081$792$573$410$271
28 years$1,386$1,019$736$525$370$240
29 years$1,324$961$685$481$334$212
30 years$1,266$908$638$442$302$188
31 years$1,212$858$595$406$273$167
32 years$1,161$812$555$373$247$148
33 years$1,114$769$518$343$223$131
34 years$1,069$729$484$315$202$117
35 years$1,027$691$453$290$183$104
36 years$988$656$424$267$166$92
37 years$951$623$396$246$150$82
38 years$915$592$371$227$136$73
39 years$882$563$348$209$124$64
40 years$850$536$326$193$112$57
41 years$820$510$306$178$102$51
42 years$792$486$287$164$92$45
43 years$765$463$269$152$84$40
44 years$739$441$253$140$76$36
45 years$714$421$237$129$69$32
46 years$691$401$223$120$63$28
47 years$669$383$209$110$57$25
48 years$647$366$197$102$52$22
49 years$627$349$185$94$47$20
50 years$607$333$174$87$43$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $622,000, adding $3,729 every year, while hoping to spend $23,269 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: 88/5/7 Blend
29$622,000$622,000$622,000$622,000
30$689,290$656,324$646,683$749,291
31$734,840$663,726$643,589$796,332
32$784,256$670,711$639,612$844,406
33$837,908$677,233$634,696$896,498
34$896,202$683,246$628,786$952,996
35$959,587$688,697$621,823$1,014,327
36$1,028,553$693,532$613,743$1,080,961
37$1,103,644$697,693$604,482$1,153,415
38$1,185,455$701,119$593,971$1,232,260
39$1,274,641$703,744$582,139$1,318,123
40$1,371,925$705,498$568,911$1,411,694
41$1,478,101$706,307$554,209$1,513,736
42$1,594,044$706,092$537,951$1,625,085
43$1,720,715$704,770$520,051$1,746,665
44$1,859,176$702,251$500,421$1,879,494
45$2,010,592$698,442$478,965$2,024,690
46$2,176,249$693,242$455,587$2,183,487
47$2,357,561$686,546$430,184$2,357,244
48$2,556,086$678,240$402,649$2,547,460
49$2,773,539$668,206$372,870$2,755,781
50$3,011,810$656,318$340,731$2,984,027
51$3,272,978$642,441$306,109$3,234,198
52$3,559,335$626,434$268,877$3,508,499
53$3,873,405$608,147$228,902$3,809,362
54$4,217,967$587,421$186,045$4,139,463
55$4,596,083$564,088$140,161$4,501,752
56$5,011,125$537,970$91,098$4,899,479
57$5,466,808$508,879$38,698$5,336,225
58$5,967,224$476,615$0$5,815,937
59$6,516,880$440,969$0$6,344,249
60$7,120,743$401,718$0$6,927,834
61$7,784,283$358,626$0$7,569,090
62$8,513,526$311,445$0$8,273,851
63$9,315,113$259,913$0$9,048,540
64$10,196,357$203,751$0$9,900,236
65$11,165,318$142,668$0$10,836,741
66$12,230,875$76,353$0$11,866,646
67$13,402,809$4,479$0$12,999,423
68$14,691,899$0$0$14,245,503
69$16,110,018$0$0$15,620,419
70$17,670,252$0$0$17,133,394
71$19,387,016$0$0$18,798,164
72$21,276,192$0$0$20,630,130
73$23,355,284$0$0$22,646,266
74$25,643,574$0$0$24,865,271
75$28,162,309$0$0$27,307,751
76$30,934,904$0$0$29,996,409
77$33,987,154$0$0$32,956,264
78$37,347,486$0$0$36,214,881
79$41,047,221$0$0$39,802,635
80$45,120,873$0$0$43,752,996
81$49,606,474$0$0$48,102,844
82$54,545,928$0$0$52,892,818
83$59,985,415$0$0$58,167,700
84$65,975,816$0$0$63,976,833
85$72,573,203$0$0$70,374,593
86$79,839,361$0$0$77,420,897
87$87,842,373$0$0$85,181,768
88$96,657,264$0$0$93,729,963
89$106,366,705$0$0$103,145,652
90$117,061,796$0$0$113,517,181
91$128,842,926$0$0$124,941,903
92$141,820,718$0$0$137,527,094
93$156,117,072$0$0$151,390,970
94$171,866,319$0$0$166,663,799
95$189,216,487$0$0$183,489,131
96$208,330,695$0$0$202,025,154
97$229,388,698$0$0$222,446,186
98$252,588,578$0$0$244,944,319
99$278,148,616$0$0$269,731,233
100$306,309,352$0$0$297,040,194