Can I retire at age 30 with 629,000?

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 $629,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$51,942$51,480$51,028$50,588$50,157$49,820
2 years$25,714$25,235$24,771$24,321$23,884$23,545
3 years$16,972$16,491$16,028$15,583$15,153$14,821
4 years$12,602$12,123$11,665$11,226$10,807$10,485
5 years$9,981$9,505$9,052$8,623$8,216$7,905
6 years$8,234$7,761$7,316$6,896$6,501$6,201
7 years$6,987$6,518$6,079$5,669$5,287$4,999
8 years$6,052$5,587$5,156$4,756$4,386$4,110
9 years$5,325$4,864$4,441$4,051$3,694$3,429
10 years$4,744$4,288$3,871$3,492$3,147$2,894
11 years$4,269$3,817$3,408$3,039$2,707$2,465
12 years$3,873$3,426$3,025$2,666$2,346$2,115
13 years$3,538$3,096$2,702$2,353$2,045$1,826
14 years$3,252$2,814$2,428$2,089$1,793$1,584
15 years$3,004$2,571$2,192$1,863$1,579$1,380
16 years$2,787$2,359$1,988$1,668$1,395$1,207
17 years$2,596$2,172$1,809$1,499$1,237$1,058
18 years$2,426$2,007$1,651$1,351$1,100$931
19 years$2,274$1,860$1,511$1,221$980$820
20 years$2,138$1,729$1,387$1,105$876$724
21 years$2,015$1,610$1,276$1,003$784$641
22 years$1,903$1,503$1,176$912$702$567
23 years$1,801$1,406$1,086$831$631$503
24 years$1,707$1,317$1,004$758$567$447
25 years$1,622$1,236$930$692$510$397
26 years$1,543$1,162$863$633$459$353
27 years$1,470$1,093$801$579$414$315
28 years$1,402$1,030$745$531$374$280
29 years$1,339$972$693$487$337$250
30 years$1,280$918$645$447$305$223
31 years$1,226$868$602$410$276$199
32 years$1,174$821$561$377$249$178
33 years$1,126$778$524$347$226$159
34 years$1,081$737$490$319$204$142
35 years$1,039$699$458$294$185$127
36 years$999$663$428$270$168$113
37 years$961$630$401$249$152$101
38 years$926$599$375$230$138$91
39 years$892$569$352$212$125$81
40 years$860$542$330$195$113$73
41 years$830$516$309$180$103$65
42 years$801$491$290$166$93$58
43 years$773$468$272$153$85$52
44 years$747$446$255$142$77$47
45 years$722$425$240$131$70$42
46 years$699$406$225$121$63$37
47 years$676$387$212$112$58$33
48 years$655$370$199$103$52$30
49 years$634$353$187$95$47$27
50 years$614$337$176$88$43$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $629,000, adding $6,471 every year, while hoping to spend $42,890 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: 47/43/10 Blend
29$629,000$629,000$629,000$629,000
30$699,833$666,496$656,746$730,499
31$725,581$653,520$633,113$739,325
32$752,518$638,470$607,250$743,919
33$780,720$621,200$579,038$747,928
34$810,269$601,554$548,351$751,310
35$841,255$579,369$515,059$754,025
36$873,773$554,468$479,024$756,029
37$907,930$526,669$440,103$757,280
38$943,840$495,776$398,147$757,734
39$981,626$461,584$353,000$757,345
40$1,021,424$423,874$304,497$756,068
41$1,063,381$382,415$252,470$753,859
42$1,107,658$336,965$196,739$750,673
43$1,154,428$287,267$137,120$746,464
44$1,203,884$233,047$73,418$741,190
45$1,256,233$174,019$5,430$734,807
46$1,311,703$109,879$0$727,275
47$1,370,541$40,308$0$725,717
48$1,433,020$0$0$724,020
49$1,499,436$0$0$738,173
50$1,570,115$0$0$773,569
51$1,645,411$0$0$811,319
52$1,725,714$0$0$851,623
53$1,811,452$0$0$894,700
54$1,903,091$0$0$940,793
55$2,001,143$0$0$990,164
56$2,106,171$0$0$1,043,103
57$2,218,790$0$0$1,099,928
58$2,339,676$0$0$1,160,988
59$2,469,572$0$0$1,226,666
60$2,609,292$0$0$1,297,381
61$2,759,730$0$0$1,373,595
62$2,921,867$0$0$1,455,816
63$3,096,783$0$0$1,544,599
64$3,285,662$0$0$1,640,558
65$3,489,806$0$0$1,744,364
66$3,710,647$0$0$1,856,757
67$3,949,758$0$0$1,978,550
68$4,208,867$0$0$2,110,637
69$4,489,877$0$0$2,254,000
70$4,794,878$0$0$2,409,720
71$5,126,171$0$0$2,578,988
72$5,486,286$0$0$2,763,110
73$5,878,006$0$0$2,963,526
74$6,304,394$0$0$3,181,819
75$6,768,817$0$0$3,419,734
76$7,274,986$0$0$3,679,186
77$7,826,979$0$0$3,962,288
78$8,429,289$0$0$4,271,362
79$9,086,860$0$0$4,608,967
80$9,805,133$0$0$4,977,919
81$10,590,099$0$0$5,381,317
82$11,448,354$0$0$5,822,575
83$12,387,161$0$0$6,305,450
84$13,414,514$0$0$6,834,081
85$14,539,219$0$0$7,413,025
86$15,770,972$0$0$8,047,301
87$17,120,449$0$0$8,742,434
88$18,599,409$0$0$9,504,511
89$20,220,802$0$0$10,340,236
90$21,998,892$0$0$11,256,992
91$23,949,387$0$0$12,262,913
92$26,089,590$0$0$13,366,955
93$28,438,561$0$0$14,578,985
94$31,017,294$0$0$15,909,874
95$33,848,915$0$0$17,371,594
96$36,958,899$0$0$18,977,335
97$40,375,309$0$0$20,741,628
98$44,129,060$0$0$22,680,480
99$48,254,212$0$0$24,811,526
100$52,788,284$0$0$27,154,194