Can I retire at age 30 with 600,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$49,547$49,106$48,676$48,255$47,845$46,860
2 years$24,528$24,072$23,629$23,200$22,783$21,795
3 years$16,190$15,731$15,289$14,864$14,455$13,495
4 years$12,021$11,564$11,127$10,709$10,309$9,384
5 years$9,521$9,066$8,635$8,225$7,837$6,950
6 years$7,855$7,403$6,978$6,578$6,201$5,353
7 years$6,665$6,217$5,799$5,408$5,043$4,234
8 years$5,773$5,329$4,918$4,537$4,184$3,414
9 years$5,079$4,640$4,236$3,864$3,523$2,792
10 years$4,525$4,090$3,693$3,331$3,002$2,308
11 years$4,072$3,641$3,251$2,899$2,582$1,924
12 years$3,694$3,268$2,885$2,543$2,237$1,616
13 years$3,375$2,953$2,578$2,245$1,951$1,364
14 years$3,102$2,685$2,316$1,993$1,710$1,157
15 years$2,865$2,452$2,091$1,777$1,506$985
16 years$2,658$2,250$1,896$1,591$1,331$841
17 years$2,476$2,072$1,725$1,430$1,180$720
18 years$2,314$1,915$1,575$1,289$1,049$618
19 years$2,169$1,775$1,442$1,164$935$531
20 years$2,039$1,649$1,323$1,054$835$457
21 years$1,922$1,536$1,217$957$748$394
22 years$1,815$1,434$1,122$870$670$340
23 years$1,718$1,341$1,036$792$601$294
24 years$1,629$1,256$958$723$541$254
25 years$1,547$1,179$887$660$486$220
26 years$1,472$1,108$823$604$438$191
27 years$1,402$1,043$764$552$395$165
28 years$1,337$983$710$506$356$143
29 years$1,277$927$661$464$322$124
30 years$1,221$876$616$426$291$108
31 years$1,169$828$574$391$263$94
32 years$1,120$783$536$360$238$81
33 years$1,075$742$500$331$215$71
34 years$1,032$703$467$304$195$61
35 years$991$667$437$280$177$53
36 years$953$633$409$258$160$46
37 years$917$601$382$238$145$40
38 years$883$571$358$219$131$35
39 years$851$543$336$202$119$30
40 years$820$517$315$186$108$26
41 years$791$492$295$172$98$23
42 years$764$468$277$159$89$20
43 years$738$446$260$146$81$17
44 years$713$425$244$135$73$15
45 years$689$406$229$125$67$13
46 years$667$387$215$115$60$11
47 years$645$369$202$107$55$10
48 years$624$353$190$98$50$9
49 years$605$337$178$91$45$7
50 years$586$322$168$84$41$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $600,000, adding $4,077 every year, while hoping to spend $33,077 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: 44/44/12 Blend
29$600,000$600,000$600,000$600,000
30$665,405$633,605$624,305$692,219
31$698,083$629,458$610,026$707,155
32$732,985$624,000$594,160$719,669
33$770,304$617,130$576,618$732,498
34$810,250$608,744$557,310$745,685
35$853,053$598,730$536,137$759,277
36$898,967$586,971$513,001$773,332
37$948,271$573,341$487,795$787,912
38$1,001,267$557,708$460,409$803,091
39$1,058,292$539,931$430,728$818,952
40$1,119,713$519,862$398,633$835,591
41$1,185,933$497,345$363,996$853,114
42$1,257,396$472,213$326,688$871,644
43$1,334,588$444,289$286,570$891,319
44$1,418,046$413,389$243,500$912,296
45$1,508,357$379,316$197,328$934,750
46$1,606,169$341,862$147,898$958,880
47$1,712,193$300,807$95,046$984,909
48$1,827,209$255,920$38,604$1,013,089
49$1,952,080$206,955$0$1,043,700
50$2,087,749$153,653$0$1,079,830
51$2,235,259$95,742$0$1,124,518
52$2,395,753$32,931$0$1,173,237
53$2,570,491$0$0$1,226,457
54$2,760,860$0$0$1,301,689
55$2,968,383$0$0$1,401,147
56$3,194,740$0$0$1,509,701
57$3,441,778$0$0$1,628,245
58$3,711,532$0$0$1,757,764
59$4,006,239$0$0$1,899,342
60$4,328,364$0$0$2,054,173
61$4,680,621$0$0$2,223,572
62$5,065,997$0$0$2,408,985
63$5,487,782$0$0$2,612,007
64$5,949,598$0$0$2,834,391
65$6,455,434$0$0$3,078,072
66$7,009,684$0$0$3,345,177
67$7,617,184$0$0$3,638,051
68$8,283,264$0$0$3,959,276
69$9,013,791$0$0$4,311,695
70$9,815,230$0$0$4,698,441
71$10,694,699$0$0$5,122,964
72$11,660,041$0$0$5,589,064
73$12,719,894$0$0$6,100,929
74$13,883,774$0$0$6,663,171
75$15,162,163$0$0$7,280,869
76$16,566,608$0$0$7,959,621
77$18,109,831$0$0$8,705,593
78$19,805,845$0$0$9,525,578
79$21,670,091$0$0$10,427,060
80$23,719,577$0$0$11,418,285
81$25,973,043$0$0$12,508,335
82$28,451,136$0$0$13,707,220
83$31,176,603$0$0$15,025,968
84$34,174,507$0$0$16,476,726
85$37,472,460$0$0$18,072,883
86$41,100,887$0$0$19,829,187
87$45,093,311$0$0$21,761,889
88$49,486,665$0$0$23,888,896
89$54,321,648$0$0$26,229,937
90$59,643,100$0$0$28,806,752
91$65,500,431$0$0$31,643,295
92$71,948,082$0$0$34,765,961
93$79,046,041$0$0$38,203,832
94$86,860,409$0$0$41,988,956
95$95,464,020$0$0$46,156,646
96$104,937,131$0$0$50,745,811
97$115,368,176$0$0$55,799,329
98$126,854,603$0$0$61,364,446
99$139,503,789$0$0$67,493,221
100$153,434,059$0$0$74,243,025