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%18.6%
1 years$51,942$51,480$51,028$50,588$50,157$48,416
2 years$25,714$25,235$24,771$24,321$23,884$22,148
3 years$16,972$16,491$16,028$15,583$15,153$13,477
4 years$12,602$12,123$11,665$11,226$10,807$9,203
5 years$9,981$9,505$9,052$8,623$8,216$6,688
6 years$8,234$7,761$7,316$6,896$6,501$5,051
7 years$6,987$6,518$6,079$5,669$5,287$3,914
8 years$6,052$5,587$5,156$4,756$4,386$3,090
9 years$5,325$4,864$4,441$4,051$3,694$2,472
10 years$4,744$4,288$3,871$3,492$3,147$1,998
11 years$4,269$3,817$3,408$3,039$2,707$1,628
12 years$3,873$3,426$3,025$2,666$2,346$1,335
13 years$3,538$3,096$2,702$2,353$2,045$1,100
14 years$3,252$2,814$2,428$2,089$1,793$910
15 years$3,004$2,571$2,192$1,863$1,579$755
16 years$2,787$2,359$1,988$1,668$1,395$629
17 years$2,596$2,172$1,809$1,499$1,237$524
18 years$2,426$2,007$1,651$1,351$1,100$438
19 years$2,274$1,860$1,511$1,221$980$367
20 years$2,138$1,729$1,387$1,105$876$307
21 years$2,015$1,610$1,276$1,003$784$258
22 years$1,903$1,503$1,176$912$702$216
23 years$1,801$1,406$1,086$831$631$182
24 years$1,707$1,317$1,004$758$567$153
25 years$1,622$1,236$930$692$510$128
26 years$1,543$1,162$863$633$459$108
27 years$1,470$1,093$801$579$414$91
28 years$1,402$1,030$745$531$374$77
29 years$1,339$972$693$487$337$64
30 years$1,280$918$645$447$305$54
31 years$1,226$868$602$410$276$46
32 years$1,174$821$561$377$249$39
33 years$1,126$778$524$347$226$32
34 years$1,081$737$490$319$204$27
35 years$1,039$699$458$294$185$23
36 years$999$663$428$270$168$19
37 years$961$630$401$249$152$16
38 years$926$599$375$230$138$14
39 years$892$569$352$212$125$12
40 years$860$542$330$195$113$10
41 years$830$516$309$180$103$8
42 years$801$491$290$166$93$7
43 years$773$468$272$153$85$6
44 years$747$446$255$142$77$5
45 years$722$425$240$131$70$4
46 years$699$406$225$121$63$4
47 years$676$387$212$112$58$3
48 years$655$370$199$103$52$3
49 years$634$353$187$95$47$2
50 years$614$337$176$88$43$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $629,000, adding $3,508 every year, while hoping to spend $30,371 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: 63/10/27 Blend
29$629,000$629,000$629,000$629,000
30$696,777$663,440$653,690$735,465
31$735,533$663,634$643,274$762,296
32$777,225$662,819$631,491$787,947
33$822,120$660,915$618,264$815,307
34$870,511$657,834$603,510$844,548
35$922,720$653,486$587,145$875,859
36$979,103$647,771$569,080$909,453
37$1,040,047$640,589$549,220$945,562
38$1,105,983$631,828$527,470$984,446
39$1,177,378$621,373$503,725$1,026,390
40$1,254,752$609,101$477,881$1,071,710
41$1,338,672$594,883$449,826$1,120,757
42$1,429,764$578,579$419,442$1,173,919
43$1,528,715$560,045$386,609$1,231,623
44$1,636,283$539,126$351,199$1,294,343
45$1,753,299$515,659$313,080$1,362,603
46$1,880,680$489,470$272,112$1,436,982
47$2,019,432$460,377$228,151$1,518,120
48$2,170,666$428,187$181,045$1,606,725
49$2,335,600$392,695$130,637$1,703,578
50$2,515,579$353,684$76,761$1,809,543
51$2,712,081$310,928$19,245$1,925,575
52$2,926,733$264,183$0$2,052,729
53$3,161,328$213,196$0$2,204,308
54$3,417,837$157,696$0$2,376,165
55$3,698,433$97,400$0$2,564,230
56$4,005,507$32,006$0$2,770,128
57$4,341,692$0$0$2,995,657
58$4,709,888$0$0$3,247,062
59$5,113,289$0$0$3,526,408
60$5,555,411$0$0$3,832,613
61$6,040,127$0$0$4,168,367
62$6,571,703$0$0$4,536,630
63$7,154,837$0$0$4,940,663
64$7,794,705$0$0$5,384,058
65$8,497,007$0$0$5,870,772
66$9,268,022$0$0$6,405,164
67$10,114,666$0$0$6,992,033
68$11,044,559$0$0$7,636,671
69$12,066,095$0$0$8,344,901
70$13,188,519$0$0$9,123,145
71$14,422,019$0$0$9,978,471
72$15,777,816$0$0$10,918,671
73$17,268,275$0$0$11,952,326
74$18,907,015$0$0$13,088,893
75$20,709,044$0$0$14,338,789
76$22,690,896$0$0$15,713,491
77$24,870,786$0$0$17,225,646
78$27,268,787$0$0$18,889,185
79$29,907,011$0$0$20,719,461
80$32,809,822$0$0$22,733,388
81$36,004,068$0$0$24,949,603
82$39,519,328$0$0$27,388,640
83$43,388,194$0$0$30,073,126
84$47,646,578$0$0$33,027,990
85$52,334,050$0$0$36,280,704
86$57,494,212$0$0$39,861,536
87$63,175,105$0$0$43,803,840
88$69,429,668$0$0$48,144,366
89$76,316,235$0$0$52,923,610
90$83,899,080$0$0$58,186,196
91$92,249,031$0$0$63,981,293
92$101,444,133$0$0$70,363,084
93$111,570,385$0$0$77,391,272
94$122,722,552$0$0$85,131,646
95$135,005,057$0$0$93,656,702
96$148,532,969$0$0$103,046,325
97$163,433,086$0$0$113,388,544
98$179,845,132$0$0$124,780,361
99$197,923,075$0$0$137,328,668
100$217,836,582$0$0$151,151,255