Can I retire at age 30 with 628,000?

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 $628,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$51,860$51,398$50,947$50,507$50,078$48,224
2 years$25,673$25,195$24,732$24,282$23,846$22,000
3 years$16,945$16,465$16,003$15,558$15,129$13,348
4 years$12,582$12,104$11,646$11,209$10,790$9,088
5 years$9,965$9,489$9,038$8,609$8,203$6,583
6 years$8,221$7,749$7,304$6,885$6,490$4,955
7 years$6,976$6,507$6,070$5,660$5,278$3,827
8 years$6,042$5,578$5,147$4,748$4,379$3,010
9 years$5,316$4,857$4,434$4,045$3,688$2,400
10 years$4,736$4,281$3,865$3,486$3,142$1,933
11 years$4,262$3,811$3,403$3,034$2,702$1,569
12 years$3,867$3,421$3,020$2,661$2,342$1,281
13 years$3,533$3,091$2,698$2,350$2,042$1,051
14 years$3,247$2,810$2,424$2,086$1,790$866
15 years$2,999$2,567$2,189$1,860$1,576$716
16 years$2,782$2,355$1,984$1,666$1,393$593
17 years$2,591$2,169$1,806$1,496$1,235$492
18 years$2,422$2,004$1,648$1,349$1,098$410
19 years$2,271$1,857$1,509$1,219$979$341
20 years$2,134$1,726$1,385$1,104$874$285
21 years$2,011$1,608$1,274$1,002$782$238
22 years$1,900$1,501$1,174$911$701$198
23 years$1,798$1,404$1,084$829$630$166
24 years$1,705$1,315$1,003$756$566$139
25 years$1,619$1,234$929$691$509$116
26 years$1,540$1,160$861$632$459$97
27 years$1,467$1,092$800$578$414$81
28 years$1,400$1,029$743$530$373$68
29 years$1,337$970$692$486$337$57
30 years$1,278$916$644$446$304$48
31 years$1,224$866$601$409$275$40
32 years$1,173$820$561$376$249$34
33 years$1,125$776$523$346$225$28
34 years$1,080$736$489$318$204$24
35 years$1,037$698$457$293$185$20
36 years$997$662$428$270$167$17
37 years$960$629$400$249$152$14
38 years$924$598$375$229$138$12
39 years$890$569$351$211$125$10
40 years$859$541$329$195$113$8
41 years$828$515$309$180$103$7
42 years$800$490$290$166$93$6
43 years$772$467$272$153$85$5
44 years$746$445$255$141$77$4
45 years$721$425$239$131$70$3
46 years$698$405$225$121$63$3
47 years$675$387$211$112$57$2
48 years$654$369$199$103$52$2
49 years$633$352$187$95$47$2
50 years$613$337$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 $628,000, adding $6,101 every year, while hoping to spend $36,262 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: 62/8/30 Blend
29$628,000$628,000$628,000$628,000
30$698,349$665,065$655,331$735,652
31$730,998$659,071$638,702$755,765
32$765,762$651,568$620,301$773,276
33$802,819$642,443$600,030$791,640
34$842,361$631,578$577,786$810,949
35$884,604$618,847$553,463$831,304
36$929,779$604,116$526,950$852,819
37$978,143$587,244$498,129$875,621
38$1,029,976$568,082$466,879$899,852
39$1,085,586$546,470$433,072$925,668
40$1,145,311$522,242$396,575$953,245
41$1,209,521$495,220$357,249$982,779
42$1,278,623$465,217$314,948$1,014,487
43$1,353,065$432,034$269,520$1,048,611
44$1,433,335$395,462$220,807$1,085,419
45$1,519,975$355,279$168,643$1,125,209
46$1,613,575$311,251$112,856$1,168,314
47$1,714,788$263,130$53,265$1,215,101
48$1,824,328$210,655$0$1,265,980
49$1,942,982$153,550$0$1,324,709
50$2,071,615$91,523$0$1,406,897
51$2,211,178$24,265$0$1,496,097
52$2,362,716$0$0$1,592,997
53$2,527,379$0$0$1,702,627
54$2,706,434$0$0$1,824,203
55$2,901,273$0$0$1,956,539
56$3,113,426$0$0$2,100,680
57$3,344,581$0$0$2,257,778
58$3,596,591$0$0$2,429,099
59$3,871,498$0$0$2,616,038
60$4,171,549$0$0$2,820,127
61$4,499,218$0$0$3,043,058
62$4,857,228$0$0$3,286,688
63$5,248,576$0$0$3,553,066
64$5,676,563$0$0$3,844,445
65$6,144,822$0$0$4,163,307
66$6,657,355$0$0$4,512,385
67$7,218,568$0$0$4,894,688
68$7,833,313$0$0$5,313,531
69$8,506,933$0$0$5,772,562
70$9,245,313$0$0$6,275,802
71$10,054,934$0$0$6,827,677
72$10,942,933$0$0$7,433,063
73$11,917,175$0$0$8,097,330
74$12,986,318$0$0$8,826,395
75$14,159,902$0$0$9,626,774
76$15,448,434$0$0$10,505,644
77$16,863,489$0$0$11,470,912
78$18,417,819$0$0$12,531,289
79$20,125,469$0$0$13,696,370
80$22,001,914$0$0$14,976,726
81$24,064,201$0$0$16,384,003
82$26,331,111$0$0$17,931,032
83$28,823,336$0$0$19,631,948
84$31,563,671$0$0$21,502,323
85$34,577,231$0$0$23,559,315
86$37,891,687$0$0$25,821,830
87$41,537,527$0$0$28,310,694
88$45,548,340$0$0$31,048,855
89$49,961,136$0$0$34,061,599
90$54,816,695$0$0$37,376,785
91$60,159,945$0$0$41,025,107
92$66,040,392$0$0$45,040,389
93$72,512,586$0$0$49,459,898
94$79,636,630$0$0$54,324,696
95$87,478,751$0$0$59,680,031
96$96,111,922$0$0$65,575,757
97$105,616,553$0$0$72,066,810
98$116,081,244$0$0$79,213,724
99$127,603,625$0$0$87,083,201
100$140,291,275$0$0$95,748,739