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%19.2%
1 years$51,942$51,480$51,028$50,588$50,157$48,301
2 years$25,714$25,235$24,771$24,321$23,884$22,035
3 years$16,972$16,491$16,028$15,583$15,153$13,369
4 years$12,602$12,123$11,665$11,226$10,807$9,102
5 years$9,981$9,505$9,052$8,623$8,216$6,594
6 years$8,234$7,761$7,316$6,896$6,501$4,963
7 years$6,987$6,518$6,079$5,669$5,287$3,833
8 years$6,052$5,587$5,156$4,756$4,386$3,015
9 years$5,325$4,864$4,441$4,051$3,694$2,404
10 years$4,744$4,288$3,871$3,492$3,147$1,936
11 years$4,269$3,817$3,408$3,039$2,707$1,571
12 years$3,873$3,426$3,025$2,666$2,346$1,283
13 years$3,538$3,096$2,702$2,353$2,045$1,053
14 years$3,252$2,814$2,428$2,089$1,793$867
15 years$3,004$2,571$2,192$1,863$1,579$717
16 years$2,787$2,359$1,988$1,668$1,395$594
17 years$2,596$2,172$1,809$1,499$1,237$493
18 years$2,426$2,007$1,651$1,351$1,100$410
19 years$2,274$1,860$1,511$1,221$980$342
20 years$2,138$1,729$1,387$1,105$876$285
21 years$2,015$1,610$1,276$1,003$784$238
22 years$1,903$1,503$1,176$912$702$199
23 years$1,801$1,406$1,086$831$631$166
24 years$1,707$1,317$1,004$758$567$139
25 years$1,622$1,236$930$692$510$116
26 years$1,543$1,162$863$633$459$97
27 years$1,470$1,093$801$579$414$82
28 years$1,402$1,030$745$531$374$68
29 years$1,339$972$693$487$337$57
30 years$1,280$918$645$447$305$48
31 years$1,226$868$602$410$276$40
32 years$1,174$821$561$377$249$34
33 years$1,126$778$524$347$226$28
34 years$1,081$737$490$319$204$24
35 years$1,039$699$458$294$185$20
36 years$999$663$428$270$168$17
37 years$961$630$401$249$152$14
38 years$926$599$375$230$138$12
39 years$892$569$352$212$125$10
40 years$860$542$330$195$113$8
41 years$830$516$309$180$103$7
42 years$801$491$290$166$93$6
43 years$773$468$272$153$85$5
44 years$747$446$255$142$77$4
45 years$722$425$240$131$70$3
46 years$699$406$225$121$63$3
47 years$676$387$212$112$58$2
48 years$655$370$199$103$52$2
49 years$634$353$187$95$47$2
50 years$614$337$176$88$43$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $629,000, adding $5,502 every year, while hoping to spend $44,761 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: 24/46/30 Blend
29$629,000$629,000$629,000$629,000
30$698,833$665,496$655,747$708,946
31$722,489$650,480$630,089$703,044
32$747,057$633,228$602,071$692,616
33$772,584$613,583$571,568$680,518
34$799,118$591,380$538,446$666,643
35$826,713$566,442$502,568$650,878
36$855,424$538,583$463,790$633,103
37$885,311$507,608$421,961$613,191
38$916,440$473,308$376,924$591,012
39$948,880$435,463$328,514$566,427
40$982,706$393,841$276,560$539,291
41$1,017,999$348,197$220,882$509,450
42$1,054,847$298,270$161,293$476,745
43$1,093,342$243,787$97,598$441,008
44$1,133,588$184,457$29,592$402,062
45$1,175,694$119,975$0$359,724
46$1,219,778$50,018$0$327,557
47$1,265,971$0$0$302,606
48$1,314,411$0$0$288,287
49$1,365,250$0$0$299,863
50$1,418,652$0$0$312,059
51$1,474,798$0$0$324,919
52$1,533,881$0$0$338,494
53$1,596,113$0$0$352,836
54$1,661,724$0$0$368,006
55$1,730,966$0$0$384,067
56$1,804,113$0$0$401,091
57$1,881,464$0$0$419,152
58$1,963,344$0$0$438,337
59$2,050,110$0$0$458,735
60$2,142,151$0$0$480,449
61$2,239,893$0$0$503,587
62$2,343,801$0$0$528,271
63$2,454,383$0$0$554,632
64$2,572,197$0$0$582,814
65$2,697,854$0$0$612,977
66$2,832,021$0$0$645,295
67$2,975,432$0$0$679,957
68$3,128,888$0$0$717,173
69$3,293,271$0$0$757,173
70$3,469,546$0$0$800,208
71$3,658,773$0$0$846,556
72$3,862,113$0$0$896,520
73$4,080,844$0$0$950,435
74$4,316,366$0$0$1,008,667
75$4,570,219$0$0$1,071,618
76$4,844,092$0$0$1,139,733
77$5,139,844$0$0$1,213,499
78$5,459,514$0$0$1,293,450
79$5,805,347$0$0$1,380,175
80$6,179,806$0$0$1,474,323
81$6,585,603$0$0$1,576,604
82$7,025,718$0$0$1,687,804
83$7,503,429$0$0$1,808,782
84$8,022,341$0$0$1,940,489
85$8,586,419$0$0$2,083,966
86$9,200,026$0$0$2,240,364
87$9,867,961$0$0$2,410,944
88$10,595,505$0$0$2,597,099
89$11,388,472$0$0$2,800,358
90$12,253,255$0$0$3,022,409
91$13,196,897$0$0$3,265,106
92$14,227,144$0$0$3,530,491
93$15,352,528$0$0$3,820,816
94$16,582,439$0$0$4,138,554
95$17,927,216$0$0$4,486,435
96$19,398,240$0$0$4,867,460
97$21,008,047$0$0$5,284,938
98$22,770,436$0$0$5,742,510
99$24,700,605$0$0$6,244,187
100$26,815,290$0$0$6,794,387