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%15.8%
1 years$51,447$50,988$50,541$50,105$49,679$48,498
2 years$25,469$24,994$24,535$24,089$23,657$22,473
3 years$16,810$16,334$15,876$15,434$15,009$13,861
4 years$12,482$12,007$11,553$11,119$10,704$9,600
5 years$9,886$9,414$8,966$8,541$8,137$7,080
6 years$8,156$7,687$7,246$6,830$6,439$5,429
7 years$6,920$6,456$6,021$5,615$5,236$4,275
8 years$5,994$5,534$5,106$4,711$4,344$3,431
9 years$5,274$4,818$4,398$4,012$3,658$2,792
10 years$4,698$4,247$3,834$3,459$3,117$2,297
11 years$4,228$3,781$3,376$3,010$2,681$1,906
12 years$3,836$3,393$2,996$2,640$2,323$1,592
13 years$3,504$3,067$2,677$2,331$2,026$1,337
14 years$3,221$2,787$2,405$2,069$1,776$1,127
15 years$2,975$2,546$2,171$1,845$1,564$954
16 years$2,760$2,336$1,969$1,652$1,382$810
17 years$2,571$2,152$1,791$1,485$1,225$690
18 years$2,403$1,988$1,635$1,338$1,089$589
19 years$2,252$1,843$1,497$1,209$971$503
20 years$2,117$1,712$1,374$1,095$867$430
21 years$1,995$1,595$1,264$994$776$369
22 years$1,885$1,489$1,165$903$696$316
23 years$1,784$1,392$1,075$823$625$272
24 years$1,691$1,305$995$750$561$234
25 years$1,606$1,224$921$685$505$201
26 years$1,528$1,151$854$627$455$173
27 years$1,456$1,083$793$574$410$149
28 years$1,389$1,020$738$526$370$128
29 years$1,326$963$686$482$334$110
30 years$1,268$909$639$442$302$95
31 years$1,214$859$596$406$273$82
32 years$1,163$813$556$373$247$71
33 years$1,116$770$519$343$224$61
34 years$1,071$730$485$316$202$53
35 years$1,029$692$454$291$183$45
36 years$989$657$424$268$166$39
37 years$952$624$397$247$151$34
38 years$917$593$372$227$136$29
39 years$883$564$348$210$124$25
40 years$852$537$327$193$112$22
41 years$822$511$306$178$102$19
42 years$793$486$287$165$92$16
43 years$766$463$270$152$84$14
44 years$740$442$253$140$76$12
45 years$716$421$238$130$69$10
46 years$692$402$223$120$63$9
47 years$670$384$210$111$57$8
48 years$648$366$197$102$52$7
49 years$628$350$185$94$47$6
50 years$608$334$174$87$43$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $623,000, adding $6,498 every year, while hoping to spend $46,701 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: 75/20/5 Blend
29$623,000$623,000$623,000$623,000
30$693,249$660,230$650,573$744,515
31$714,271$642,891$622,678$761,772
32$735,871$623,138$592,283$774,048
33$758,061$600,803$559,255$786,137
34$780,849$575,708$523,456$798,002
35$804,243$547,665$484,739$809,604
36$828,251$516,476$442,953$820,901
37$852,881$481,931$397,940$831,844
38$878,137$443,808$349,533$842,385
39$904,025$401,873$297,560$852,468
40$930,547$355,876$241,840$862,036
41$957,705$305,557$182,185$871,024
42$985,499$250,637$118,396$879,366
43$1,013,927$190,825$50,269$886,986
44$1,042,983$125,811$0$893,805
45$1,072,660$55,269$0$900,934
46$1,102,949$0$0$910,023
47$1,133,834$0$0$922,954
48$1,165,299$0$0$948,513
49$1,197,321$0$0$974,519
50$1,229,874$0$0$1,000,950
51$1,262,926$0$0$1,027,778
52$1,296,439$0$0$1,054,971
53$1,330,368$0$0$1,082,493
54$1,364,661$0$0$1,110,299
55$1,399,258$0$0$1,138,339
56$1,434,089$0$0$1,166,555
57$1,469,073$0$0$1,194,880
58$1,504,121$0$0$1,223,239
59$1,539,127$0$0$1,251,544
60$1,573,974$0$0$1,279,698
61$1,608,528$0$0$1,307,589
62$1,642,638$0$0$1,335,092
63$1,676,132$0$0$1,362,065
64$1,708,821$0$0$1,388,350
65$1,740,488$0$0$1,413,767
66$1,770,893$0$0$1,438,117
67$1,799,764$0$0$1,461,175
68$1,826,800$0$0$1,482,690
69$1,851,662$0$0$1,502,383
70$1,873,974$0$0$1,519,941
71$1,893,315$0$0$1,535,016
72$1,909,217$0$0$1,547,220
73$1,921,158$0$0$1,556,122
74$1,928,560$0$0$1,561,240
75$1,930,777$0$0$1,562,042
76$1,927,093$0$0$1,557,935
77$1,916,715$0$0$1,548,260
78$1,898,758$0$0$1,532,288
79$1,872,247$0$0$1,509,210
80$1,836,095$0$0$1,478,127
81$1,789,102$0$0$1,438,046
82$1,729,935$0$0$1,387,864
83$1,657,122$0$0$1,326,363
84$1,569,029$0$0$1,252,192
85$1,463,852$0$0$1,163,858
86$1,339,592$0$0$1,059,708
87$1,194,041$0$0$937,915
88$1,024,754$0$0$796,457
89$829,031$0$0$633,101
90$603,886$0$0$445,378
91$346,021$0$0$230,560
92$51,790$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