Can I retire at age 30 with 628,000?

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 $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%12.3%
1 years$51,860$51,398$50,947$50,507$50,078$49,596
2 years$25,673$25,195$24,732$24,282$23,846$23,361
3 years$16,945$16,465$16,003$15,558$15,129$14,655
4 years$12,582$12,104$11,646$11,209$10,790$10,332
5 years$9,965$9,489$9,038$8,609$8,203$7,760
6 years$8,221$7,749$7,304$6,885$6,490$6,065
7 years$6,976$6,507$6,070$5,660$5,278$4,871
8 years$6,042$5,578$5,147$4,748$4,379$3,988
9 years$5,316$4,857$4,434$4,045$3,688$3,314
10 years$4,736$4,281$3,865$3,486$3,142$2,785
11 years$4,262$3,811$3,403$3,034$2,702$2,362
12 years$3,867$3,421$3,020$2,661$2,342$2,018
13 years$3,533$3,091$2,698$2,350$2,042$1,734
14 years$3,247$2,810$2,424$2,086$1,790$1,498
15 years$2,999$2,567$2,189$1,860$1,576$1,299
16 years$2,782$2,355$1,984$1,666$1,393$1,130
17 years$2,591$2,169$1,806$1,496$1,235$986
18 years$2,422$2,004$1,648$1,349$1,098$863
19 years$2,271$1,857$1,509$1,219$979$757
20 years$2,134$1,726$1,385$1,104$874$665
21 years$2,011$1,608$1,274$1,002$782$585
22 years$1,900$1,501$1,174$911$701$515
23 years$1,798$1,404$1,084$829$630$455
24 years$1,705$1,315$1,003$756$566$402
25 years$1,619$1,234$929$691$509$355
26 years$1,540$1,160$861$632$459$314
27 years$1,467$1,092$800$578$414$278
28 years$1,400$1,029$743$530$373$247
29 years$1,337$970$692$486$337$219
30 years$1,278$916$644$446$304$194
31 years$1,224$866$601$409$275$172
32 years$1,173$820$561$376$249$153
33 years$1,125$776$523$346$225$136
34 years$1,080$736$489$318$204$120
35 years$1,037$698$457$293$185$107
36 years$997$662$428$270$167$95
37 years$960$629$400$249$152$85
38 years$924$598$375$229$138$75
39 years$890$569$351$211$125$67
40 years$859$541$329$195$113$59
41 years$828$515$309$180$103$53
42 years$800$490$290$166$93$47
43 years$772$467$272$153$85$42
44 years$746$445$255$141$77$37
45 years$721$425$239$131$70$33
46 years$698$405$225$121$63$30
47 years$675$387$211$112$57$26
48 years$654$369$199$103$52$23
49 years$633$352$187$95$47$21
50 years$613$337$175$88$43$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $628,000, adding $2,150 every year, while hoping to spend $24,933 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: 48/26/26 Blend
29$628,000$628,000$628,000$628,000
30$694,274$660,990$651,256$722,364
31$738,561$666,850$646,544$748,147
32$786,530$672,161$640,839$773,495
33$838,530$676,871$634,081$800,530
34$894,945$680,922$626,208$829,423
35$956,197$684,255$617,153$860,364
36$1,022,751$686,805$606,850$893,561
37$1,095,117$688,504$595,225$929,249
38$1,173,858$689,280$582,204$967,683
39$1,259,593$689,056$567,709$1,009,150
40$1,353,001$687,750$551,657$1,053,965
41$1,454,832$685,275$533,963$1,102,478
42$1,565,911$681,539$514,536$1,155,076
43$1,687,144$676,445$493,284$1,212,186
44$1,819,531$669,889$470,107$1,274,282
45$1,964,170$661,760$444,903$1,341,889
46$2,122,273$651,944$417,564$1,415,587
47$2,295,172$640,316$387,979$1,496,016
48$2,484,333$626,746$356,031$1,583,885
49$2,691,374$611,094$321,596$1,679,979
50$2,918,072$593,216$284,547$1,785,165
51$3,166,386$572,955$244,751$1,900,400
52$3,438,476$550,147$202,068$2,026,744
53$3,736,715$524,620$156,352$2,165,366
54$4,063,721$496,188$107,452$2,317,562
55$4,422,377$464,657$55,207$2,484,758
56$4,815,857$429,822$0$2,668,535
57$5,247,657$391,466$0$2,870,787
58$5,721,629$349,359$0$3,109,644
59$6,242,016$303,258$0$3,371,951
60$6,813,490$252,907$0$3,660,110
61$7,441,201$198,034$0$3,976,771
62$8,130,820$138,354$0$4,324,854
63$8,888,594$73,564$0$4,707,582
64$9,721,406$3,344$0$5,128,508
65$10,636,840$0$0$5,591,550
66$11,643,250$0$0$6,121,814
67$12,749,839$0$0$6,705,990
68$13,966,748$0$0$7,348,484
69$15,305,149$0$0$8,055,204
70$16,777,351$0$0$8,832,662
71$18,396,917$0$0$9,688,028
72$20,178,790$0$0$10,629,206
73$22,139,433$0$0$11,664,904
74$24,296,987$0$0$12,804,716
75$26,671,441$0$0$14,059,213
76$29,284,819$0$0$15,440,045
77$32,161,387$0$0$16,960,045
78$35,327,884$0$0$18,633,356
79$38,813,775$0$0$20,475,562
80$42,651,523$0$0$22,503,833
81$46,876,902$0$0$24,737,090
82$51,529,330$0$0$27,196,183
83$56,652,242$0$0$29,904,084
84$62,293,498$0$0$32,886,108
85$68,505,839$0$0$36,170,151
86$75,347,378$0$0$39,786,951
87$82,882,154$0$0$43,770,378
88$91,180,730$0$0$48,157,758
89$100,320,867$0$0$52,990,219
90$110,388,247$0$0$58,313,082
91$121,477,293$0$0$64,176,290
92$133,692,048$0$0$70,634,876
93$147,147,167$0$0$77,749,486
94$161,968,991$0$0$85,586,945
95$178,296,745$0$0$94,220,897
96$196,283,848$0$0$103,732,490
97$216,099,362$0$0$114,211,149
98$237,929,587$0$0$125,755,416
99$261,979,820$0$0$138,473,883
100$288,476,291$0$0$152,486,213