Can I retire at age 30 with 630,000?

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 $630,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$52,025$51,561$51,109$50,668$50,237$49,692
2 years$25,755$25,275$24,810$24,360$23,922$23,373
3 years$16,999$16,518$16,054$15,607$15,177$14,642
4 years$12,622$12,142$11,683$11,244$10,825$10,306
5 years$9,997$9,520$9,067$8,637$8,229$7,729
6 years$8,247$7,773$7,327$6,907$6,511$6,031
7 years$6,998$6,528$6,089$5,678$5,295$4,835
8 years$6,061$5,596$5,164$4,764$4,393$3,953
9 years$5,333$4,872$4,448$4,057$3,699$3,279
10 years$4,751$4,295$3,878$3,498$3,152$2,751
11 years$4,275$3,823$3,414$3,044$2,711$2,328
12 years$3,879$3,432$3,030$2,670$2,349$1,985
13 years$3,544$3,101$2,707$2,357$2,049$1,703
14 years$3,257$2,819$2,432$2,092$1,796$1,467
15 years$3,008$2,575$2,196$1,866$1,581$1,270
16 years$2,791$2,363$1,991$1,671$1,397$1,103
17 years$2,600$2,176$1,812$1,501$1,239$960
18 years$2,430$2,011$1,654$1,353$1,102$839
19 years$2,278$1,863$1,514$1,222$982$734
20 years$2,141$1,732$1,389$1,107$877$643
21 years$2,018$1,613$1,278$1,005$785$565
22 years$1,906$1,506$1,178$914$704$497
23 years$1,804$1,408$1,088$832$632$437
24 years$1,710$1,319$1,006$759$568$385
25 years$1,624$1,238$932$693$511$340
26 years$1,545$1,164$864$634$460$300
27 years$1,472$1,095$802$580$415$265
28 years$1,404$1,032$746$531$374$234
29 years$1,341$973$694$487$338$207
30 years$1,282$919$646$447$305$183
31 years$1,228$869$603$411$276$162
32 years$1,176$822$562$378$250$144
33 years$1,128$779$525$347$226$127
34 years$1,083$738$491$319$205$113
35 years$1,041$700$459$294$185$100
36 years$1,001$664$429$271$168$89
37 years$963$631$402$250$152$79
38 years$927$600$376$230$138$70
39 years$893$570$352$212$125$62
40 years$861$543$330$196$114$55
41 years$831$517$310$180$103$49
42 years$802$492$290$167$93$43
43 years$775$469$273$154$85$38
44 years$749$447$256$142$77$34
45 years$724$426$240$131$70$30
46 years$700$406$226$121$63$27
47 years$677$388$212$112$58$24
48 years$656$370$199$103$52$21
49 years$635$354$187$96$48$19
50 years$615$338$176$88$43$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $630,000, adding $5,121 every year, while hoping to spend $21,859 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: 44/48/8 Blend
29$630,000$630,000$630,000$630,000
30$699,542$666,152$656,387$728,510
31$747,638$675,536$655,118$758,479
32$799,906$684,647$653,075$788,293
33$856,751$693,448$650,206$820,104
34$918,614$701,902$646,463$854,103
35$985,983$709,965$641,789$890,500
36$1,059,394$717,594$636,130$929,528
37$1,139,437$724,742$629,426$971,445
38$1,226,763$731,357$621,615$1,016,535
39$1,322,085$737,387$612,632$1,065,113
40$1,426,192$742,772$602,409$1,117,525
41$1,539,949$747,453$590,875$1,174,156
42$1,664,310$751,365$577,955$1,235,428
43$1,800,325$754,437$563,572$1,301,811
44$1,949,151$756,598$547,645$1,373,820
45$2,112,061$757,767$530,087$1,452,027
46$2,290,457$757,863$510,811$1,537,062
47$2,485,882$756,798$489,722$1,629,623
48$2,700,038$754,476$466,723$1,730,478
49$2,934,796$750,800$441,712$1,840,476
50$3,192,219$745,663$414,584$1,960,557
51$3,474,578$738,954$385,226$2,091,756
52$3,784,376$730,553$353,522$2,235,217
53$4,124,369$720,336$319,350$2,392,202
54$4,497,591$708,169$282,585$2,564,107
55$4,907,386$693,911$243,093$2,752,470
56$5,357,438$677,411$200,735$2,958,991
57$5,851,805$658,513$155,368$3,185,546
58$6,394,957$637,047$106,841$3,434,206
59$6,991,817$612,837$54,995$3,707,255
60$7,647,812$585,695$0$4,007,216
61$8,368,917$555,422$0$4,336,902
62$9,161,716$521,808$0$4,704,368
63$10,033,466$484,631$0$5,108,321
64$10,992,157$443,656$0$5,552,516
65$12,046,596$398,634$0$6,041,099
66$13,206,485$349,303$0$6,578,643
67$14,482,513$295,386$0$7,170,190
68$15,886,459$236,589$0$7,821,304
69$17,431,299$172,603$0$8,538,121
70$19,131,332$103,101$0$9,327,410
71$21,002,313$27,738$0$10,196,635
72$23,061,600$0$0$11,154,032
73$25,328,322$0$0$12,237,123
74$27,823,555$0$0$13,445,623
75$30,570,521$0$0$14,776,140
76$33,594,810$0$0$16,241,080
77$36,924,619$0$0$17,854,114
78$40,591,017$0$0$19,630,305
79$44,628,240$0$0$21,586,253
80$49,074,014$0$0$23,740,247
81$53,969,908$0$0$26,112,443
82$59,361,729$0$0$28,725,050
83$65,299,953$0$0$31,602,541
84$71,840,200$0$0$34,771,883
85$79,043,762$0$0$38,262,793
86$86,978,176$0$0$42,108,018
87$95,717,868$0$0$46,343,641
88$105,344,847$0$0$51,009,428
89$115,949,487$0$0$56,149,195
90$127,631,372$0$0$61,811,227
91$140,500,244$0$0$68,048,734
92$154,677,031$0$0$74,920,348
93$170,294,992$0$0$82,490,682
94$187,500,973$0$0$90,830,936
95$206,456,794$0$0$100,019,572
96$227,340,777$0$0$110,143,051
97$250,349,426$0$0$121,296,652
98$275,699,284$0$0$133,585,368
99$303,628,975$0$0$147,124,902
100$334,401,459$0$0$162,042,754