Can I retire at age 30 with 628,000?

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 $628,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$51,860$51,398$50,947$50,507$50,078$49,350
2 years$25,673$25,195$24,732$24,282$23,846$23,115
3 years$16,945$16,465$16,003$15,558$15,129$14,416
4 years$12,582$12,104$11,646$11,209$10,790$10,102
5 years$9,965$9,489$9,038$8,609$8,203$7,540
6 years$8,221$7,749$7,304$6,885$6,490$5,855
7 years$6,976$6,507$6,070$5,660$5,278$4,670
8 years$6,042$5,578$5,147$4,748$4,379$3,798
9 years$5,316$4,857$4,434$4,045$3,688$3,134
10 years$4,736$4,281$3,865$3,486$3,142$2,615
11 years$4,262$3,811$3,403$3,034$2,702$2,201
12 years$3,867$3,421$3,020$2,661$2,342$1,866
13 years$3,533$3,091$2,698$2,350$2,042$1,591
14 years$3,247$2,810$2,424$2,086$1,790$1,363
15 years$2,999$2,567$2,189$1,860$1,576$1,172
16 years$2,782$2,355$1,984$1,666$1,393$1,012
17 years$2,591$2,169$1,806$1,496$1,235$876
18 years$2,422$2,004$1,648$1,349$1,098$760
19 years$2,271$1,857$1,509$1,219$979$660
20 years$2,134$1,726$1,385$1,104$874$575
21 years$2,011$1,608$1,274$1,002$782$501
22 years$1,900$1,501$1,174$911$701$438
23 years$1,798$1,404$1,084$829$630$383
24 years$1,705$1,315$1,003$756$566$335
25 years$1,619$1,234$929$691$509$293
26 years$1,540$1,160$861$632$459$257
27 years$1,467$1,092$800$578$414$226
28 years$1,400$1,029$743$530$373$198
29 years$1,337$970$692$486$337$174
30 years$1,278$916$644$446$304$153
31 years$1,224$866$601$409$275$134
32 years$1,173$820$561$376$249$118
33 years$1,125$776$523$346$225$104
34 years$1,080$736$489$318$204$91
35 years$1,037$698$457$293$185$80
36 years$997$662$428$270$167$71
37 years$960$629$400$249$152$62
38 years$924$598$375$229$138$55
39 years$890$569$351$211$125$48
40 years$859$541$329$195$113$42
41 years$828$515$309$180$103$37
42 years$800$490$290$166$93$33
43 years$772$467$272$153$85$29
44 years$746$445$255$141$77$25
45 years$721$425$239$131$70$22
46 years$698$405$225$121$63$20
47 years$675$387$211$112$57$17
48 years$654$369$199$103$52$15
49 years$633$352$187$95$47$13
50 years$613$337$175$88$43$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $628,000, adding $2,350 every year, while hoping to spend $22,175 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: 38/38/24 Blend
29$628,000$628,000$628,000$628,000
30$694,480$661,196$651,462$715,816
31$741,723$670,001$649,692$740,373
32$793,041$678,493$647,119$764,659
33$848,828$686,636$643,694$790,466
34$909,514$694,386$639,363$817,946
35$975,574$701,701$634,072$847,266
36$1,047,531$708,532$627,761$878,611
37$1,125,959$714,831$620,372$912,189
38$1,211,492$720,543$611,839$948,226
39$1,304,826$725,611$602,098$986,975
40$1,406,728$729,976$591,077$1,028,715
41$1,518,041$733,571$578,705$1,073,758
42$1,639,694$736,330$564,905$1,122,444
43$1,772,711$738,178$549,597$1,175,154
44$1,918,217$739,038$532,699$1,232,308
45$2,077,453$738,828$514,121$1,294,371
46$2,251,783$737,461$493,774$1,361,857
47$2,442,711$734,843$471,563$1,435,334
48$2,651,894$730,876$447,386$1,515,434
49$2,881,154$725,456$421,140$1,602,850
50$3,132,499$718,471$392,716$1,698,354
51$3,408,142$709,804$362,000$1,802,796
52$3,710,519$699,331$328,873$1,917,118
53$4,042,312$686,918$293,211$2,042,360
54$4,406,478$672,428$254,884$2,179,671
55$4,806,272$655,710$213,756$2,330,323
56$5,245,281$636,609$169,686$2,495,719
57$5,727,455$614,958$122,525$2,677,412
58$6,257,146$590,581$72,120$2,877,115
59$6,839,148$563,293$18,310$3,096,722
60$7,478,744$532,897$0$3,338,325
61$8,181,751$499,185$0$3,614,250
62$8,954,581$461,936$0$3,922,688
63$9,804,296$420,918$0$4,261,809
64$10,738,676$375,885$0$4,634,773
65$11,766,295$326,577$0$5,045,066
66$12,896,597$272,720$0$5,496,533
67$14,139,990$214,023$0$5,993,417
68$15,507,939$150,181$0$6,540,395
69$17,013,078$80,868$0$7,142,630
70$18,669,325$5,744$0$7,805,814
71$20,492,019$0$0$8,536,223
72$22,498,057$0$0$9,372,377
73$24,706,061$0$0$10,295,460
74$27,136,547$0$0$11,311,661
75$29,812,122$0$0$12,430,445
76$32,757,697$0$0$13,662,244
77$36,000,720$0$0$15,018,548
78$39,571,436$0$0$16,512,022
79$43,503,172$0$0$18,156,620
80$47,832,652$0$0$19,967,718
81$52,600,342$0$0$21,962,262
82$57,850,832$0$0$24,158,920
83$63,633,258$0$0$26,578,268
84$70,001,763$0$0$29,242,976
85$77,016,009$0$0$32,178,027
86$84,741,742$0$0$35,410,949
87$93,251,408$0$0$38,972,078
88$102,624,838$0$0$42,894,842
89$112,950,005$0$0$47,216,079
90$124,323,848$0$0$51,976,379
91$136,853,191$0$0$57,220,474
92$150,655,749$0$0$62,997,656
93$165,861,239$0$0$69,362,242
94$182,612,604$0$0$76,374,089
95$201,067,365$0$0$84,099,157
96$221,399,102$0$0$92,610,131
97$243,799,097$0$0$101,987,109
98$268,478,136$0$0$112,318,358
99$295,668,499$0$0$123,701,144
100$325,626,156$0$0$136,242,653