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%14.5%
1 years$51,364$50,907$50,460$50,025$49,599$48,677
2 years$25,428$24,954$24,495$24,050$23,619$22,693
3 years$16,783$16,308$15,850$15,409$14,985$14,085
4 years$12,462$11,988$11,535$11,101$10,687$9,820
5 years$9,870$9,399$8,951$8,527$8,124$7,291
6 years$8,143$7,675$7,234$6,819$6,428$5,631
7 years$6,909$6,445$6,012$5,606$5,228$4,467
8 years$5,984$5,525$5,098$4,703$4,337$3,612
9 years$5,266$4,810$4,391$4,006$3,653$2,962
10 years$4,691$4,240$3,828$3,453$3,112$2,457
11 years$4,221$3,775$3,370$3,005$2,677$2,055
12 years$3,830$3,388$2,991$2,636$2,319$1,731
13 years$3,499$3,062$2,672$2,327$2,023$1,466
14 years$3,215$2,783$2,401$2,066$1,773$1,248
15 years$2,970$2,542$2,168$1,842$1,561$1,066
16 years$2,756$2,333$1,966$1,650$1,380$913
17 years$2,567$2,148$1,789$1,482$1,223$785
18 years$2,399$1,985$1,633$1,336$1,088$676
19 years$2,249$1,840$1,495$1,207$970$583
20 years$2,114$1,710$1,372$1,093$866$504
21 years$1,992$1,592$1,262$992$775$436
22 years$1,882$1,486$1,163$902$695$378
23 years$1,781$1,390$1,074$822$624$328
24 years$1,688$1,303$993$749$560$285
25 years$1,604$1,222$920$684$504$247
26 years$1,525$1,149$853$626$454$215
27 years$1,453$1,081$792$573$410$187
28 years$1,386$1,019$736$525$370$163
29 years$1,324$961$685$481$334$142
30 years$1,266$908$638$442$302$124
31 years$1,212$858$595$406$273$108
32 years$1,161$812$555$373$247$94
33 years$1,114$769$518$343$223$82
34 years$1,069$729$484$315$202$71
35 years$1,027$691$453$290$183$62
36 years$988$656$424$267$166$54
37 years$951$623$396$246$150$47
38 years$915$592$371$227$136$41
39 years$882$563$348$209$124$36
40 years$850$536$326$193$112$32
41 years$820$510$306$178$102$28
42 years$792$486$287$164$92$24
43 years$765$463$269$152$84$21
44 years$739$441$253$140$76$18
45 years$714$421$237$129$69$16
46 years$691$401$223$120$63$14
47 years$669$383$209$110$57$12
48 years$647$366$197$102$52$11
49 years$627$349$185$94$47$9
50 years$607$333$174$87$43$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $622,000, adding $3,927 every year, while hoping to spend $35,326 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: 52/30/18 Blend
29$622,000$622,000$622,000$622,000
30$689,495$656,529$646,888$721,759
31$722,237$651,112$630,972$738,928
32$757,134$644,246$613,339$753,572
33$794,370$635,822$593,894$768,731
34$834,144$625,726$572,538$784,466
35$876,676$613,835$549,167$800,845
36$922,205$600,022$523,672$817,944
37$970,996$584,149$495,942$835,851
38$1,023,338$566,072$465,855$854,665
39$1,079,547$545,639$433,291$874,495
40$1,139,973$522,687$398,117$895,467
41$1,204,996$497,044$360,200$917,720
42$1,275,038$468,531$319,399$941,412
43$1,350,558$436,956$275,565$966,720
44$1,432,063$402,115$228,545$993,841
45$1,520,111$363,796$178,178$1,022,998
46$1,615,311$321,771$124,296$1,054,437
47$1,718,336$275,801$66,724$1,088,437
48$1,829,926$225,635$5,278$1,125,307
49$1,950,891$171,004$0$1,165,394
50$2,082,126$111,627$0$1,220,664
51$2,224,612$47,206$0$1,281,802
52$2,379,431$0$0$1,348,312
53$2,547,770$0$0$1,428,224
54$2,730,937$0$0$1,532,186
55$2,930,371$0$0$1,645,438
56$3,147,655$0$0$1,768,886
57$3,384,531$0$0$1,903,528
58$3,642,917$0$0$2,050,461
59$3,924,923$0$0$2,210,894
60$4,232,871$0$0$2,386,156
61$4,569,320$0$0$2,577,713
62$4,937,085$0$0$2,787,175
63$5,339,266$0$0$3,016,318
64$5,779,274$0$0$3,267,097
65$6,260,869$0$0$3,541,663
66$6,788,187$0$0$3,842,387
67$7,365,787$0$0$4,171,877
68$7,998,685$0$0$4,533,010
69$8,692,410$0$0$4,928,949
70$9,453,046$0$0$5,363,181
71$10,287,299$0$0$5,839,547
72$11,202,552$0$0$6,362,276
73$12,206,939$0$0$6,936,027
74$13,309,417$0$0$7,565,931
75$14,519,855$0$0$8,257,642
76$15,849,123$0$0$9,017,387
77$17,309,197$0$0$9,852,027
78$18,913,266$0$0$10,769,118
79$20,675,865$0$0$11,776,986
80$22,613,003$0$0$12,884,803
81$24,742,316$0$0$14,102,674
82$27,083,238$0$0$15,441,733
83$29,657,175$0$0$16,914,243
84$32,487,715$0$0$18,533,720
85$35,600,843$0$0$20,315,051
86$39,025,191$0$0$22,274,641
87$42,792,303$0$0$24,430,564
88$46,936,938$0$0$26,802,734
89$51,497,389$0$0$29,413,094
90$56,515,852$0$0$32,285,820
91$62,038,819$0$0$35,447,550
92$68,117,517$0$0$38,927,637
93$74,808,390$0$0$42,758,422
94$82,173,633$0$0$46,975,543
95$90,281,776$0$0$51,618,267
96$99,208,333$0$0$56,729,862
97$109,036,509$0$0$62,358,005
98$119,857,991$0$0$68,555,232
99$131,773,807$0$0$75,379,433
100$144,895,280$0$0$82,894,397