Can I retire at age 30 with 622,000?

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 $622,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$51,364$50,907$50,460$50,025$49,599$47,916
2 years$25,428$24,954$24,495$24,050$23,619$21,939
3 years$16,783$16,308$15,850$15,409$14,985$13,362
4 years$12,462$11,988$11,535$11,101$10,687$9,134
5 years$9,870$9,399$8,951$8,527$8,124$6,645
6 years$8,143$7,675$7,234$6,819$6,428$5,024
7 years$6,909$6,445$6,012$5,606$5,228$3,898
8 years$5,984$5,525$5,098$4,703$4,337$3,081
9 years$5,266$4,810$4,391$4,006$3,653$2,468
10 years$4,691$4,240$3,828$3,453$3,112$1,997
11 years$4,221$3,775$3,370$3,005$2,677$1,630
12 years$3,830$3,388$2,991$2,636$2,319$1,338
13 years$3,499$3,062$2,672$2,327$2,023$1,104
14 years$3,215$2,783$2,401$2,066$1,773$915
15 years$2,970$2,542$2,168$1,842$1,561$760
16 years$2,756$2,333$1,966$1,650$1,380$634
17 years$2,567$2,148$1,789$1,482$1,223$529
18 years$2,399$1,985$1,633$1,336$1,088$443
19 years$2,249$1,840$1,495$1,207$970$371
20 years$2,114$1,710$1,372$1,093$866$311
21 years$1,992$1,592$1,262$992$775$262
22 years$1,882$1,486$1,163$902$695$220
23 years$1,781$1,390$1,074$822$624$185
24 years$1,688$1,303$993$749$560$156
25 years$1,604$1,222$920$684$504$131
26 years$1,525$1,149$853$626$454$111
27 years$1,453$1,081$792$573$410$93
28 years$1,386$1,019$736$525$370$79
29 years$1,324$961$685$481$334$66
30 years$1,266$908$638$442$302$56
31 years$1,212$858$595$406$273$47
32 years$1,161$812$555$373$247$40
33 years$1,114$769$518$343$223$34
34 years$1,069$729$484$315$202$28
35 years$1,027$691$453$290$183$24
36 years$988$656$424$267$166$20
37 years$951$623$396$246$150$17
38 years$915$592$371$227$136$14
39 years$882$563$348$209$124$12
40 years$850$536$326$193$112$10
41 years$820$510$306$178$102$9
42 years$792$486$287$164$92$7
43 years$765$463$269$152$84$6
44 years$739$441$253$140$76$5
45 years$714$421$237$129$69$4
46 years$691$401$223$120$63$4
47 years$669$383$209$110$57$3
48 years$647$366$197$102$52$3
49 years$627$349$185$94$47$2
50 years$607$333$174$87$43$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $622,000, adding $6,701 every year, while hoping to spend $30,246 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: 43/28/29 Blend
29$622,000$622,000$622,000$622,000
30$692,356$659,390$649,749$716,030
31$730,795$659,519$639,334$733,792
32$772,141$658,640$627,557$749,664
33$816,658$656,672$614,339$766,290
34$864,638$653,530$599,600$783,758
35$916,399$649,121$583,254$802,166
36$972,292$643,348$565,214$821,626
37$1,032,702$636,109$545,385$842,263
38$1,098,054$627,294$523,671$864,215
39$1,168,811$616,787$499,970$887,640
40$1,245,487$604,466$474,176$912,711
41$1,328,643$590,202$446,177$939,624
42$1,418,899$573,856$415,859$968,598
43$1,516,935$555,284$383,099$999,876
44$1,623,501$534,331$347,770$1,033,729
45$1,739,418$510,834$309,741$1,070,460
46$1,865,595$484,620$268,873$1,110,407
47$2,003,027$455,508$225,022$1,153,946
48$2,152,812$423,305$178,037$1,201,494
49$2,316,158$387,806$127,760$1,253,517
50$2,494,394$348,795$74,028$1,310,533
51$2,688,982$306,047$16,668$1,373,116
52$2,901,533$259,318$0$1,441,904
53$3,133,821$208,355$0$1,531,392
54$3,387,795$152,890$0$1,634,983
55$3,665,607$92,638$0$1,748,449
56$3,969,621$27,300$0$1,872,822
57$4,302,444$0$0$2,009,244
58$4,666,944$0$0$2,172,360
59$5,066,282$0$0$2,360,358
60$5,503,936$0$0$2,566,474
61$5,983,738$0$0$2,792,522
62$6,509,911$0$0$3,040,501
63$7,087,101$0$0$3,312,614
64$7,720,430$0$0$3,611,284
65$8,415,538$0$0$3,939,184
66$9,178,636$0$0$4,299,255
67$10,016,570$0$0$4,694,739
68$10,936,876$0$0$5,129,206
69$11,947,860$0$0$5,606,591
70$13,058,671$0$0$6,131,226
71$14,279,386$0$0$6,707,886
72$15,621,109$0$0$7,341,831
73$17,096,072$0$0$8,038,855
74$18,717,752$0$0$8,805,342
75$20,500,997$0$0$9,648,327
76$22,462,165$0$0$10,575,558
77$24,619,279$0$0$11,595,575
78$26,992,197$0$0$12,717,785
79$29,602,798$0$0$13,952,553
80$32,475,188$0$0$15,311,300
81$35,635,928$0$0$16,806,610
82$39,114,285$0$0$18,452,350
83$42,942,504$0$0$20,263,796
84$47,156,116$0$0$22,257,782
85$51,794,270$0$0$24,452,858
86$56,900,106$0$0$26,869,463
87$62,521,156$0$0$29,530,117
88$68,709,796$0$0$32,459,637
89$75,523,739$0$0$35,685,368
90$83,026,579$0$0$39,237,440
91$91,288,390$0$0$43,149,058
92$100,386,388$0$0$47,456,806
93$110,405,660$0$0$52,201,001
94$121,439,963$0$0$57,426,068
95$133,592,612$0$0$63,180,959
96$146,977,453$0$0$69,519,618
97$161,719,937$0$0$76,501,487
98$177,958,304$0$0$84,192,069
99$195,844,888$0$0$92,663,545
100$215,547,550$0$0$101,995,454