Can I retire at age 30 with 624,000?

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 $624,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$51,529$51,070$50,623$50,185$49,759$49,528
2 years$25,510$25,034$24,574$24,128$23,695$23,462
3 years$16,837$16,360$15,901$15,459$15,033$14,805
4 years$12,502$12,027$11,572$11,137$10,722$10,501
5 years$9,902$9,429$8,980$8,554$8,150$7,937
6 years$8,169$7,699$7,257$6,841$6,449$6,243
7 years$6,931$6,466$6,031$5,624$5,245$5,047
8 years$6,004$5,543$5,115$4,718$4,351$4,161
9 years$5,283$4,826$4,405$4,019$3,664$3,482
10 years$4,706$4,254$3,841$3,464$3,122$2,948
11 years$4,235$3,787$3,381$3,015$2,685$2,518
12 years$3,842$3,399$3,001$2,645$2,327$2,167
13 years$3,510$3,072$2,681$2,335$2,029$1,877
14 years$3,226$2,792$2,409$2,073$1,779$1,634
15 years$2,980$2,551$2,175$1,848$1,566$1,428
16 years$2,765$2,340$1,972$1,655$1,384$1,253
17 years$2,575$2,155$1,794$1,487$1,227$1,103
18 years$2,407$1,991$1,638$1,340$1,091$973
19 years$2,256$1,846$1,499$1,211$973$861
20 years$2,121$1,715$1,376$1,097$869$763
21 years$1,999$1,597$1,266$995$777$677
22 years$1,888$1,491$1,167$905$697$602
23 years$1,786$1,395$1,077$824$626$536
24 years$1,694$1,307$996$752$562$478
25 years$1,609$1,226$923$686$506$426
26 years$1,530$1,153$856$628$456$381
27 years$1,458$1,085$795$575$411$340
28 years$1,391$1,022$739$526$371$305
29 years$1,328$964$687$483$335$273
30 years$1,270$911$640$443$302$244
31 years$1,216$861$597$407$273$219
32 years$1,165$814$557$374$247$196
33 years$1,117$771$520$344$224$176
34 years$1,073$731$486$316$203$158
35 years$1,031$693$454$291$184$142
36 years$991$658$425$268$166$127
37 years$954$625$398$247$151$114
38 years$918$594$372$228$137$103
39 years$885$565$349$210$124$92
40 years$853$537$327$194$112$83
41 years$823$512$307$179$102$74
42 years$794$487$288$165$93$67
43 years$767$464$270$152$84$60
44 years$741$443$253$141$76$54
45 years$717$422$238$130$69$49
46 years$693$403$223$120$63$44
47 years$671$384$210$111$57$39
48 years$649$367$197$102$52$35
49 years$629$350$185$95$47$32
50 years$609$335$174$87$43$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $624,000, adding $2,238 every year, while hoping to spend $20,847 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: 83/6/11 Blend
29$624,000$624,000$624,000$624,000
30$689,956$656,884$647,212$745,788
31$738,151$666,891$646,713$792,678
32$790,563$676,689$645,498$841,159
33$847,600$686,246$643,522$893,771
34$909,711$695,528$640,736$950,917
35$977,391$704,498$637,090$1,013,041
36$1,051,183$713,117$632,531$1,080,632
37$1,131,686$721,342$627,003$1,154,229
38$1,219,559$729,129$620,448$1,234,424
39$1,315,526$736,429$612,806$1,321,872
40$1,420,387$743,191$604,012$1,417,292
41$1,535,020$749,361$594,000$1,521,476
42$1,660,393$754,880$582,700$1,635,300
43$1,797,571$759,688$570,039$1,759,724
44$1,947,728$763,716$555,939$1,895,809
45$2,112,155$766,897$540,322$2,044,724
46$2,292,274$769,155$523,103$2,207,755
47$2,489,654$770,411$504,194$2,386,321
48$2,706,018$770,581$483,504$2,581,985
49$2,943,268$769,576$460,938$2,796,467
50$3,203,497$767,300$436,394$3,031,666
51$3,489,009$763,653$409,769$3,289,671
52$3,802,344$758,528$380,952$3,572,786
53$4,146,299$751,812$349,830$3,883,549
54$4,523,955$743,385$316,283$4,224,758
55$4,938,707$733,119$280,187$4,599,495
56$5,394,292$720,878$241,410$5,011,156
57$5,894,829$706,521$199,817$5,463,484
58$6,444,857$689,896$155,266$5,960,604
59$7,049,373$670,842$107,608$6,507,061
60$7,713,885$649,189$56,689$7,107,864
61$8,444,460$624,757$2,346$7,768,532
62$9,247,781$597,357$0$8,495,149
63$10,131,214$566,787$0$9,300,949
64$11,102,872$532,833$0$10,187,507
65$12,171,695$495,272$0$11,162,708
66$13,347,532$453,864$0$12,235,548
67$14,641,235$408,359$0$13,415,937
68$16,064,763$358,490$0$14,714,794
69$17,631,289$303,977$0$16,144,153
70$19,355,330$244,521$0$17,717,271
71$21,252,882$179,811$0$19,448,760
72$23,341,568$109,513$0$21,354,719
73$25,640,808$33,280$0$23,452,888
74$28,172,000$0$0$25,762,816
75$30,958,722$0$0$28,309,295
76$34,026,955$0$0$31,115,452
77$37,405,327$0$0$34,205,273
78$41,125,383$0$0$37,607,611
79$45,221,883$0$0$41,354,259
80$49,733,130$0$0$45,480,252
81$54,701,330$0$0$50,024,194
82$60,172,993$0$0$55,028,624
83$66,199,367$0$0$60,540,417
84$72,836,926$0$0$66,611,228
85$80,147,901$0$0$73,297,976
86$88,200,867$0$0$80,663,383
87$97,071,387$0$0$88,776,565
88$106,842,733$0$0$97,713,686
89$117,606,663$0$0$107,558,673
90$129,464,292$0$0$118,404,011
91$142,527,045$0$0$130,351,617
92$156,917,706$0$0$143,513,796
93$172,771,581$0$0$158,014,306
94$190,237,772$0$0$173,989,524
95$209,480,584$0$0$191,589,733
96$230,681,077$0$0$210,980,543
97$254,038,776$0$0$232,344,447
98$279,773,548$0$0$255,882,553
99$308,127,687$0$0$281,816,473
100$339,368,190$0$0$310,390,420