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%13.7%
1 years$51,860$51,398$50,947$50,507$50,078$49,309
2 years$25,673$25,195$24,732$24,282$23,846$23,074
3 years$16,945$16,465$16,003$15,558$15,129$14,377
4 years$12,582$12,104$11,646$11,209$10,790$10,064
5 years$9,965$9,489$9,038$8,609$8,203$7,504
6 years$8,221$7,749$7,304$6,885$6,490$5,821
7 years$6,976$6,507$6,070$5,660$5,278$4,638
8 years$6,042$5,578$5,147$4,748$4,379$3,767
9 years$5,316$4,857$4,434$4,045$3,688$3,105
10 years$4,736$4,281$3,865$3,486$3,142$2,587
11 years$4,262$3,811$3,403$3,034$2,702$2,175
12 years$3,867$3,421$3,020$2,661$2,342$1,842
13 years$3,533$3,091$2,698$2,350$2,042$1,568
14 years$3,247$2,810$2,424$2,086$1,790$1,342
15 years$2,999$2,567$2,189$1,860$1,576$1,153
16 years$2,782$2,355$1,984$1,666$1,393$993
17 years$2,591$2,169$1,806$1,496$1,235$858
18 years$2,422$2,004$1,648$1,349$1,098$744
19 years$2,271$1,857$1,509$1,219$979$645
20 years$2,134$1,726$1,385$1,104$874$561
21 years$2,011$1,608$1,274$1,002$782$489
22 years$1,900$1,501$1,174$911$701$426
23 years$1,798$1,404$1,084$829$630$372
24 years$1,705$1,315$1,003$756$566$325
25 years$1,619$1,234$929$691$509$284
26 years$1,540$1,160$861$632$459$249
27 years$1,467$1,092$800$578$414$218
28 years$1,400$1,029$743$530$373$191
29 years$1,337$970$692$486$337$167
30 years$1,278$916$644$446$304$147
31 years$1,224$866$601$409$275$129
32 years$1,173$820$561$376$249$113
33 years$1,125$776$523$346$225$99
34 years$1,080$736$489$318$204$87
35 years$1,037$698$457$293$185$76
36 years$997$662$428$270$167$67
37 years$960$629$400$249$152$59
38 years$924$598$375$229$138$52
39 years$890$569$351$211$125$45
40 years$859$541$329$195$113$40
41 years$828$515$309$180$103$35
42 years$800$490$290$166$93$31
43 years$772$467$272$153$85$27
44 years$746$445$255$141$77$24
45 years$721$425$239$131$70$21
46 years$698$405$225$121$63$18
47 years$675$387$211$112$57$16
48 years$654$369$199$103$52$14
49 years$633$352$187$95$47$13
50 years$613$337$175$88$43$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $628,000, adding $3,107 every year, while hoping to spend $29,490 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: 50/22/28 Blend
29$628,000$628,000$628,000$628,000
30$695,261$661,977$652,243$724,378
31$734,800$663,037$642,716$746,112
32$777,384$663,160$631,881$766,540
33$823,293$662,270$619,664$788,167
34$872,832$660,284$605,986$811,122
35$926,339$657,117$590,766$835,546
36$984,186$652,675$573,916$861,598
37$1,046,778$646,862$555,348$889,453
38$1,114,564$639,573$534,967$919,308
39$1,188,037$630,699$512,675$951,380
40$1,267,737$620,123$488,370$985,911
41$1,354,260$607,723$461,944$1,023,169
42$1,448,260$593,367$433,285$1,063,453
43$1,550,458$576,918$402,276$1,107,094
44$1,661,646$558,229$368,793$1,154,458
45$1,782,697$537,144$332,710$1,205,955
46$1,914,568$513,501$293,893$1,262,035
47$2,058,317$487,125$252,201$1,323,201
48$2,215,105$457,834$207,489$1,390,008
49$2,386,210$425,432$159,605$1,463,072
50$2,573,041$389,716$108,389$1,543,075
51$2,777,147$350,468$53,676$1,630,774
52$3,000,234$307,459$0$1,727,005
53$3,244,180$260,446$0$1,834,103
54$3,511,054$209,175$0$1,968,891
55$3,803,131$153,374$0$2,116,507
56$4,122,919$92,759$0$2,278,268
57$4,473,180$27,027$0$2,455,624
58$4,856,954$0$0$2,650,176
59$5,277,589$0$0$2,874,378
60$5,738,773$0$0$3,127,433
61$6,244,569$0$0$3,405,035
62$6,799,450$0$0$3,709,649
63$7,408,343$0$0$4,043,989
64$8,076,677$0$0$4,411,044
65$8,810,431$0$0$4,814,107
66$9,616,191$0$0$5,256,807
67$10,501,211$0$0$5,743,139
68$11,473,485$0$0$6,277,507
69$12,541,817$0$0$6,864,760
70$13,715,907$0$0$7,510,241
71$15,006,442$0$0$8,219,838
72$16,425,193$0$0$9,000,036
73$17,985,132$0$0$9,857,979
74$19,700,549$0$0$10,801,542
75$21,587,188$0$0$11,839,395
76$23,662,395$0$0$12,981,098
77$25,945,282$0$0$14,237,177
78$28,456,908$0$0$15,619,234
79$31,220,474$0$0$17,140,053
80$34,261,544$0$0$18,813,716
81$37,608,285$0$0$20,655,742
82$41,291,734$0$0$22,683,229
83$45,346,087$0$0$24,915,020
84$49,809,027$0$0$27,371,874
85$54,722,072$0$0$30,076,665
86$60,130,972$0$0$33,054,600
87$66,086,138$0$0$36,333,454
88$72,643,119$0$0$39,943,830
89$79,863,121$0$0$43,919,451
90$87,813,591$0$0$48,297,479
91$96,568,849$0$0$53,118,860
92$106,210,789$0$0$58,428,715
93$116,829,652$0$0$64,276,766
94$128,524,878$0$0$70,717,800
95$141,406,043$0$0$77,812,190
96$155,593,892$0$0$85,626,465
97$171,221,483$0$0$94,233,936
98$188,435,433$0$0$103,715,386
99$207,397,311$0$0$114,159,836
100$228,285,157$0$0$125,665,382