Can I retire at age 30 with 623,000?

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 $623,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.9%
1 years$51,447$50,988$50,541$50,105$49,679$49,283
2 years$25,469$24,994$24,535$24,089$23,657$23,258
3 years$16,810$16,334$15,876$15,434$15,009$14,619
4 years$12,482$12,007$11,553$11,119$10,704$10,327
5 years$9,886$9,414$8,966$8,541$8,137$7,773
6 years$8,156$7,687$7,246$6,830$6,439$6,088
7 years$6,920$6,456$6,021$5,615$5,236$4,900
8 years$5,994$5,534$5,106$4,711$4,344$4,022
9 years$5,274$4,818$4,398$4,012$3,658$3,350
10 years$4,698$4,247$3,834$3,459$3,117$2,822
11 years$4,228$3,781$3,376$3,010$2,681$2,399
12 years$3,836$3,393$2,996$2,640$2,323$2,055
13 years$3,504$3,067$2,677$2,331$2,026$1,770
14 years$3,221$2,787$2,405$2,069$1,776$1,533
15 years$2,975$2,546$2,171$1,845$1,564$1,333
16 years$2,760$2,336$1,969$1,652$1,382$1,163
17 years$2,571$2,152$1,791$1,485$1,225$1,018
18 years$2,403$1,988$1,635$1,338$1,089$893
19 years$2,252$1,843$1,497$1,209$971$785
20 years$2,117$1,712$1,374$1,095$867$692
21 years$1,995$1,595$1,264$994$776$611
22 years$1,885$1,489$1,165$903$696$540
23 years$1,784$1,392$1,075$823$625$478
24 years$1,691$1,305$995$750$561$423
25 years$1,606$1,224$921$685$505$375
26 years$1,528$1,151$854$627$455$333
27 years$1,456$1,083$793$574$410$296
28 years$1,389$1,020$738$526$370$263
29 years$1,326$963$686$482$334$234
30 years$1,268$909$639$442$302$208
31 years$1,214$859$596$406$273$185
32 years$1,163$813$556$373$247$165
33 years$1,116$770$519$343$224$147
34 years$1,071$730$485$316$202$131
35 years$1,029$692$454$291$183$117
36 years$989$657$424$268$166$104
37 years$952$624$397$247$151$93
38 years$917$593$372$227$136$83
39 years$883$564$348$210$124$74
40 years$852$537$327$193$112$66
41 years$822$511$306$178$102$59
42 years$793$486$287$165$92$53
43 years$766$463$270$152$84$47
44 years$740$442$253$140$76$42
45 years$716$421$238$130$69$37
46 years$692$402$223$120$63$33
47 years$670$384$210$111$57$30
48 years$648$366$197$102$52$27
49 years$628$350$185$94$47$24
50 years$608$334$174$87$43$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $623,000, adding $3,198 every year, while hoping to spend $44,694 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: 47/27/26 Blend
29$623,000$623,000$623,000$623,000
30$689,845$656,826$647,169$717,001
31$712,655$641,456$621,295$721,063
32$736,294$623,835$593,057$720,833
33$760,798$603,806$562,327$719,703
34$786,209$581,202$528,974$717,610
35$812,567$555,846$492,860$714,491
36$839,918$527,551$453,840$710,277
37$868,310$496,121$411,763$704,896
38$897,793$461,347$366,473$698,274
39$928,423$423,007$317,804$690,332
40$960,256$380,870$265,585$680,987
41$993,357$334,687$209,637$670,156
42$1,027,791$284,198$149,772$657,747
43$1,063,631$229,129$85,794$643,668
44$1,100,953$169,187$17,500$627,822
45$1,139,840$104,067$0$610,107
46$1,180,381$33,444$0$605,783
47$1,222,671$0$0$605,554
48$1,266,815$0$0$617,296
49$1,312,924$0$0$639,954
50$1,361,119$0$0$663,654
51$1,411,528$0$0$688,461
52$1,464,294$0$0$714,448
53$1,519,569$0$0$741,692
54$1,577,519$0$0$770,278
55$1,638,322$0$0$800,297
56$1,702,174$0$0$831,848
57$1,769,287$0$0$865,041
58$1,839,890$0$0$899,991
59$1,914,233$0$0$936,828
60$1,992,590$0$0$975,692
61$2,075,257$0$0$1,016,733
62$2,162,558$0$0$1,060,119
63$2,254,846$0$0$1,106,030
64$2,352,506$0$0$1,154,664
65$2,455,959$0$0$1,206,237
66$2,565,664$0$0$1,260,985
67$2,682,124$0$0$1,319,166
68$2,805,888$0$0$1,381,063
69$2,937,557$0$0$1,446,984
70$3,077,787$0$0$1,517,269
71$3,227,301$0$0$1,592,288
72$3,386,885$0$0$1,672,446
73$3,557,405$0$0$1,758,190
74$3,739,807$0$0$1,850,007
75$3,935,130$0$0$1,948,432
76$4,144,513$0$0$2,054,053
77$4,369,204$0$0$2,167,514
78$4,610,575$0$0$2,289,523
79$4,870,132$0$0$2,420,855
80$5,149,525$0$0$2,562,364
81$5,450,569$0$0$2,714,987
82$5,775,258$0$0$2,879,751
83$6,125,779$0$0$3,057,789
84$6,504,540$0$0$3,250,341
85$6,914,183$0$0$3,458,775
86$7,357,614$0$0$3,684,592
87$7,838,028$0$0$3,929,442
88$8,358,937$0$0$4,195,140
89$8,924,204$0$0$4,483,685
90$9,538,076$0$0$4,797,271
91$10,205,228$0$0$5,138,314
92$10,930,798$0$0$5,509,473
93$11,720,442$0$0$5,913,673
94$12,580,383$0$0$6,354,131
95$13,517,469$0$0$6,834,390
96$14,539,235$0$0$7,358,348
97$15,653,975$0$0$7,930,295
98$16,870,818$0$0$8,554,955
99$18,199,813$0$0$9,237,527
100$19,652,023$0$0$9,983,734