Can I retire at age 30 with 626,000?

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 $626,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$51,694$51,234$50,785$50,346$49,918$48,032
2 years$25,591$25,115$24,653$24,205$23,771$21,893
3 years$16,891$16,413$15,952$15,508$15,081$13,270
4 years$12,542$12,065$11,609$11,173$10,756$9,026
5 years$9,934$9,459$9,009$8,582$8,176$6,531
6 years$8,195$7,724$7,281$6,863$6,470$4,911
7 years$6,954$6,487$6,050$5,642$5,262$3,788
8 years$6,023$5,560$5,131$4,733$4,365$2,976
9 years$5,299$4,841$4,419$4,032$3,676$2,370
10 years$4,721$4,267$3,853$3,475$3,132$1,906
11 years$4,248$3,799$3,392$3,025$2,694$1,545
12 years$3,854$3,410$3,010$2,653$2,334$1,260
13 years$3,521$3,081$2,690$2,342$2,036$1,033
14 years$3,236$2,801$2,417$2,079$1,784$850
15 years$2,989$2,559$2,182$1,854$1,571$701
16 years$2,773$2,348$1,978$1,660$1,389$580
17 years$2,583$2,162$1,800$1,492$1,231$481
18 years$2,414$1,998$1,643$1,344$1,095$399
19 years$2,263$1,852$1,504$1,215$976$332
20 years$2,128$1,721$1,381$1,100$872$277
21 years$2,005$1,603$1,270$998$780$231
22 years$1,894$1,496$1,170$908$699$192
23 years$1,792$1,399$1,081$827$628$161
24 years$1,699$1,311$999$754$564$134
25 years$1,614$1,230$926$689$508$112
26 years$1,535$1,156$858$630$457$94
27 years$1,463$1,088$797$576$412$78
28 years$1,395$1,025$741$528$372$66
29 years$1,333$967$690$484$336$55
30 years$1,274$914$642$444$303$46
31 years$1,220$864$599$408$274$38
32 years$1,169$817$559$375$248$32
33 years$1,121$774$522$345$225$27
34 years$1,076$733$487$317$203$23
35 years$1,034$696$456$292$184$19
36 years$994$660$426$269$167$16
37 years$957$627$399$248$151$13
38 years$921$596$374$229$137$11
39 years$888$567$350$211$124$9
40 years$856$539$328$194$113$8
41 years$826$513$308$179$102$6
42 years$797$489$289$165$93$5
43 years$770$466$271$153$84$5
44 years$744$444$254$141$76$4
45 years$719$423$239$130$69$3
46 years$695$404$224$120$63$3
47 years$673$385$211$111$57$2
48 years$651$368$198$103$52$2
49 years$631$351$186$95$47$2
50 years$611$336$175$88$43$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $626,000, adding $5,219 every year, while hoping to spend $28,866 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: 63/31/6 Blend
29$626,000$626,000$626,000$626,000
30$695,235$662,057$652,354$737,983
31$735,436$663,785$643,495$768,845
32$778,770$664,630$633,371$798,656
33$825,526$664,518$621,911$830,451
34$876,022$663,371$609,037$864,421
35$930,606$661,107$594,670$900,776
36$989,663$657,636$578,726$939,748
37$1,053,614$652,865$561,119$981,596
38$1,122,922$646,696$541,756$1,026,602
39$1,198,098$639,022$520,543$1,075,080
40$1,279,702$629,732$497,379$1,127,378
41$1,368,351$618,708$472,160$1,183,879
42$1,464,722$605,824$444,777$1,245,006
43$1,569,563$590,948$415,116$1,311,226
44$1,683,693$573,940$383,058$1,383,058
45$1,808,017$554,650$348,477$1,461,072
46$1,943,529$532,922$311,245$1,545,899
47$2,091,322$508,588$271,225$1,638,237
48$2,252,601$481,473$228,276$1,738,855
49$2,428,692$451,391$182,248$1,848,605
50$2,621,052$418,143$132,988$1,968,425
51$2,831,290$381,523$80,333$2,099,352
52$3,061,173$341,309$24,115$2,242,534
53$3,312,648$297,268$0$2,399,235
54$3,587,860$249,156$0$2,573,150
55$3,889,169$196,712$0$2,765,321
56$4,219,175$139,662$0$2,975,918
57$4,580,741$77,715$0$3,206,836
58$4,977,020$10,567$0$3,460,162
59$5,411,484$0$0$3,738,204
60$5,887,958$0$0$4,064,691
61$6,410,654$0$0$4,426,851
62$6,984,212$0$0$4,824,299
63$7,613,742$0$0$5,260,583
64$8,304,875$0$0$5,739,611
65$9,063,810$0$0$6,265,687
66$9,897,381$0$0$6,843,552
67$10,813,110$0$0$7,478,430
68$11,819,289$0$0$8,176,077
69$12,925,051$0$0$8,942,831
70$14,140,457$0$0$9,785,678
71$15,476,591$0$0$10,712,310
72$16,945,665$0$0$11,731,207
73$18,561,135$0$0$12,851,709
74$20,337,823$0$0$14,084,104
75$22,292,063$0$0$15,439,732
76$24,441,848$0$0$16,931,084
77$26,807,005$0$0$18,571,923
78$29,409,379$0$0$20,377,416
79$32,273,038$0$0$22,364,269
80$35,424,504$0$0$24,550,895
81$38,892,998$0$0$26,957,580
82$42,710,716$0$0$29,606,674
83$46,913,136$0$0$32,522,808
84$51,539,351$0$0$35,733,120
85$56,632,432$0$0$39,267,512
86$62,239,845$0$0$43,158,935
87$68,413,886$0$0$47,443,697
88$75,212,186$0$0$52,161,805
89$82,698,245$0$0$57,357,343
90$90,942,036$0$0$63,078,890
91$100,020,664$0$0$69,379,975
92$110,019,092$0$0$76,319,582
93$121,030,943$0$0$83,962,708
94$133,159,386$0$0$92,380,977
95$146,518,103$0$0$101,653,313
96$161,232,367$0$0$111,866,685
97$177,440,224$0$0$123,116,931
98$195,293,789$0$0$135,509,657
99$214,960,690$0$0$149,161,237
100$236,625,644$0$0$164,199,910