Can I retire at age 30 with 624,000?

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 $624,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$51,529$51,070$50,623$50,185$49,759$48,012
2 years$25,510$25,034$24,574$24,128$23,695$21,953
3 years$16,837$16,360$15,901$15,459$15,033$13,352
4 years$12,502$12,027$11,572$11,137$10,722$9,113
5 years$9,902$9,429$8,980$8,554$8,150$6,619
6 years$8,169$7,699$7,257$6,841$6,449$4,996
7 years$6,931$6,466$6,031$5,624$5,245$3,870
8 years$6,004$5,543$5,115$4,718$4,351$3,053
9 years$5,283$4,826$4,405$4,019$3,664$2,441
10 years$4,706$4,254$3,841$3,464$3,122$1,972
11 years$4,235$3,787$3,381$3,015$2,685$1,606
12 years$3,842$3,399$3,001$2,645$2,327$1,316
13 years$3,510$3,072$2,681$2,335$2,029$1,083
14 years$3,226$2,792$2,409$2,073$1,779$896
15 years$2,980$2,551$2,175$1,848$1,566$743
16 years$2,765$2,340$1,972$1,655$1,384$618
17 years$2,575$2,155$1,794$1,487$1,227$515
18 years$2,407$1,991$1,638$1,340$1,091$430
19 years$2,256$1,846$1,499$1,211$973$359
20 years$2,121$1,715$1,376$1,097$869$301
21 years$1,999$1,597$1,266$995$777$252
22 years$1,888$1,491$1,167$905$697$212
23 years$1,786$1,395$1,077$824$626$178
24 years$1,694$1,307$996$752$562$149
25 years$1,609$1,226$923$686$506$125
26 years$1,530$1,153$856$628$456$105
27 years$1,458$1,085$795$575$411$89
28 years$1,391$1,022$739$526$371$75
29 years$1,328$964$687$483$335$63
30 years$1,270$911$640$443$302$53
31 years$1,216$861$597$407$273$44
32 years$1,165$814$557$374$247$37
33 years$1,117$771$520$344$224$31
34 years$1,073$731$486$316$203$26
35 years$1,031$693$454$291$184$22
36 years$991$658$425$268$166$19
37 years$954$625$398$247$151$16
38 years$918$594$372$228$137$13
39 years$885$565$349$210$124$11
40 years$853$537$327$194$112$9
41 years$823$512$307$179$102$8
42 years$794$487$288$165$93$7
43 years$767$464$270$152$84$6
44 years$741$443$253$141$76$5
45 years$717$422$238$130$69$4
46 years$693$403$223$120$63$3
47 years$671$384$210$111$57$3
48 years$649$367$197$102$52$2
49 years$629$350$185$95$47$2
50 years$609$335$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 $624,000, adding $5,102 every year, while hoping to spend $39,293 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: 39/38/23 Blend
29$624,000$624,000$624,000$624,000
30$692,911$659,839$650,167$715,024
31$721,780$650,363$630,140$722,006
32$752,277$639,107$608,125$725,480
33$784,527$625,940$584,015$728,450
34$818,665$610,727$557,695$730,894
35$854,839$593,324$529,048$732,790
36$893,212$573,576$497,951$734,117
37$933,962$551,323$464,275$734,856
38$977,282$526,394$427,884$734,991
39$1,023,384$498,607$388,637$734,507
40$1,072,501$467,770$346,388$733,393
41$1,124,886$433,681$300,983$731,641
42$1,180,820$396,127$252,260$729,248
43$1,240,606$354,879$200,054$726,213
44$1,304,579$309,700$144,187$722,545
45$1,373,107$260,336$84,478$718,257
46$1,446,592$206,521$20,736$713,370
47$1,525,476$147,971$0$707,914
48$1,610,242$84,390$0$713,534
49$1,701,423$15,461$0$724,863
50$1,799,603$0$0$736,924
51$1,905,424$0$0$774,585
52$2,019,590$0$0$822,255
53$2,142,874$0$0$873,800
54$2,276,128$0$0$929,584
55$2,420,287$0$0$990,008
56$2,576,377$0$0$1,055,512
57$2,745,529$0$0$1,126,579
58$2,928,985$0$0$1,203,743
59$3,128,111$0$0$1,287,588
60$3,344,410$0$0$1,378,760
61$3,579,534$0$0$1,477,965
62$3,835,301$0$0$1,585,985
63$4,113,712$0$0$1,703,676
64$4,416,968$0$0$1,831,984
65$4,747,492$0$0$1,971,946
66$5,107,948$0$0$2,124,708
67$5,501,272$0$0$2,291,527
68$5,930,693$0$0$2,473,790
69$6,399,766$0$0$2,673,023
70$6,912,405$0$0$2,890,904
71$7,472,919$0$0$3,129,285
72$8,086,051$0$0$3,390,201
73$8,757,027$0$0$3,675,894
74$9,491,597$0$0$3,988,835
75$10,296,096$0$0$4,331,743
76$11,177,499$0$0$4,707,613
77$12,143,488$0$0$5,119,744
78$13,202,524$0$0$5,571,769
79$14,363,923$0$0$6,067,689
80$15,637,950$0$0$6,611,913
81$17,035,908$0$0$7,209,295
82$18,570,248$0$0$7,865,183
83$20,254,687$0$0$8,585,469
84$22,104,332$0$0$9,376,642
85$24,135,826$0$0$10,245,852
86$26,367,503$0$0$11,200,974
87$28,819,561$0$0$12,250,685
88$31,514,250$0$0$13,404,544
89$34,476,083$0$0$14,673,082
90$37,732,065$0$0$16,067,900
91$41,311,949$0$0$17,601,782
92$45,248,515$0$0$19,288,811
93$49,577,876$0$0$21,144,504
94$54,339,824$0$0$23,185,957
95$59,578,199$0$0$25,432,007
96$65,341,302$0$0$27,903,408
97$71,682,355$0$0$30,623,028
98$78,659,997$0$0$33,616,064
99$86,338,838$0$0$36,910,278
100$94,790,071$0$0$40,536,261