Can I retire at age 30 with 623,000?

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 $623,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$51,447$50,988$50,541$50,105$49,679$49,078
2 years$25,469$24,994$24,535$24,089$23,657$23,052
3 years$16,810$16,334$15,876$15,434$15,009$14,419
4 years$12,482$12,007$11,553$11,119$10,704$10,135
5 years$9,886$9,414$8,966$8,541$8,137$7,589
6 years$8,156$7,687$7,246$6,830$6,439$5,912
7 years$6,920$6,456$6,021$5,615$5,236$4,732
8 years$5,994$5,534$5,106$4,711$4,344$3,861
9 years$5,274$4,818$4,398$4,012$3,658$3,197
10 years$4,698$4,247$3,834$3,459$3,117$2,677
11 years$4,228$3,781$3,376$3,010$2,681$2,262
12 years$3,836$3,393$2,996$2,640$2,323$1,925
13 years$3,504$3,067$2,677$2,331$2,026$1,648
14 years$3,221$2,787$2,405$2,069$1,776$1,417
15 years$2,975$2,546$2,171$1,845$1,564$1,224
16 years$2,760$2,336$1,969$1,652$1,382$1,061
17 years$2,571$2,152$1,791$1,485$1,225$922
18 years$2,403$1,988$1,635$1,338$1,089$803
19 years$2,252$1,843$1,497$1,209$971$701
20 years$2,117$1,712$1,374$1,095$867$613
21 years$1,995$1,595$1,264$994$776$537
22 years$1,885$1,489$1,165$903$696$471
23 years$1,784$1,392$1,075$823$625$414
24 years$1,691$1,305$995$750$561$364
25 years$1,606$1,224$921$685$505$320
26 years$1,528$1,151$854$627$455$282
27 years$1,456$1,083$793$574$410$249
28 years$1,389$1,020$738$526$370$219
29 years$1,326$963$686$482$334$193
30 years$1,268$909$639$442$302$171
31 years$1,214$859$596$406$273$151
32 years$1,163$813$556$373$247$133
33 years$1,116$770$519$343$224$118
34 years$1,071$730$485$316$202$104
35 years$1,029$692$454$291$183$92
36 years$989$657$424$268$166$81
37 years$952$624$397$247$151$72
38 years$917$593$372$227$136$64
39 years$883$564$348$210$124$56
40 years$852$537$327$193$112$50
41 years$822$511$306$178$102$44
42 years$793$486$287$165$92$39
43 years$766$463$270$152$84$35
44 years$740$442$253$140$76$31
45 years$716$421$238$130$69$27
46 years$692$402$223$120$63$24
47 years$670$384$210$111$57$21
48 years$648$366$197$102$52$19
49 years$628$350$185$94$47$17
50 years$608$334$174$87$43$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $623,000, adding $2,252 every year, while hoping to spend $44,607 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: 52/27/21 Blend
29$623,000$623,000$623,000$623,000
30$688,869$655,850$646,193$720,582
31$711,672$640,525$620,379$727,356
32$735,306$622,954$592,206$729,917
33$759,809$602,980$561,546$731,760
34$785,220$580,437$528,268$732,831
35$811,582$555,148$492,235$733,074
36$838,941$526,928$453,302$732,433
37$867,344$495,579$411,319$730,847
38$896,844$460,893$366,129$728,252
39$927,495$422,650$317,568$724,581
40$959,357$380,617$265,463$719,766
41$992,492$334,548$209,637$713,734
42$1,026,968$284,182$149,902$706,410
43$1,062,858$229,247$86,063$697,716
44$1,100,239$169,450$17,916$687,570
45$1,139,196$104,485$0$675,886
46$1,179,819$34,030$0$674,859
47$1,222,205$0$0$677,199
48$1,266,458$0$0$691,399
49$1,312,692$0$0$716,811
50$1,361,030$0$0$743,395
51$1,411,602$0$0$771,224
52$1,464,553$0$0$800,381
53$1,520,038$0$0$830,951
54$1,578,224$0$0$863,031
55$1,639,295$0$0$896,724
56$1,703,447$0$0$932,143
57$1,770,896$0$0$969,408
58$1,841,877$0$0$1,008,653
59$1,916,644$0$0$1,050,023
60$1,995,475$0$0$1,093,675
61$2,078,671$0$0$1,139,780
62$2,166,562$0$0$1,188,527
63$2,259,508$0$0$1,240,119
64$2,357,901$0$0$1,294,780
65$2,462,170$0$0$1,352,754
66$2,572,783$0$0$1,414,307
67$2,690,251$0$0$1,479,732
68$2,815,136$0$0$1,549,346
69$2,948,048$0$0$1,623,499
70$3,089,660$0$0$1,702,574
71$3,240,704$0$0$1,786,989
72$3,401,986$0$0$1,877,203
73$3,574,387$0$0$1,973,719
74$3,758,872$0$0$2,077,088
75$3,956,502$0$0$2,187,915
76$4,168,438$0$0$2,306,865
77$4,395,956$0$0$2,434,664
78$4,640,453$0$0$2,572,113
79$4,903,467$0$0$2,720,088
80$5,186,684$0$0$2,879,554
81$5,491,955$0$0$3,051,569
82$5,821,315$0$0$3,237,296
83$6,176,999$0$0$3,438,012
84$6,561,463$0$0$3,655,123
85$6,977,406$0$0$3,890,172
86$7,427,795$0$0$4,144,856
87$7,915,893$0$0$4,421,042
88$8,445,287$0$0$4,720,780
89$9,019,920$0$0$5,046,329
90$9,644,133$0$0$5,400,171
91$10,322,698$0$0$5,785,037
92$11,060,863$0$0$6,203,932
93$11,864,408$0$0$6,660,162
94$12,739,687$0$0$7,157,365
95$13,693,695$0$0$7,699,546
96$14,734,131$0$0$8,291,111
97$15,869,467$0$0$8,936,912
98$17,109,029$0$0$9,642,288
99$18,463,085$0$0$10,413,117
100$19,942,936$0$0$11,255,871