Can I retire at age 30 with 600,000?

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 $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%13.6%
1 years$49,547$49,106$48,676$48,255$47,845$47,130
2 years$24,528$24,072$23,629$23,200$22,783$22,065
3 years$16,190$15,731$15,289$14,864$14,455$13,755
4 years$12,021$11,564$11,127$10,709$10,309$9,633
5 years$9,521$9,066$8,635$8,225$7,837$7,187
6 years$7,855$7,403$6,978$6,578$6,201$5,578
7 years$6,665$6,217$5,799$5,408$5,043$4,447
8 years$5,773$5,329$4,918$4,537$4,184$3,614
9 years$5,079$4,640$4,236$3,864$3,523$2,980
10 years$4,525$4,090$3,693$3,331$3,002$2,485
11 years$4,072$3,641$3,251$2,899$2,582$2,091
12 years$3,694$3,268$2,885$2,543$2,237$1,771
13 years$3,375$2,953$2,578$2,245$1,951$1,509
14 years$3,102$2,685$2,316$1,993$1,710$1,292
15 years$2,865$2,452$2,091$1,777$1,506$1,111
16 years$2,658$2,250$1,896$1,591$1,331$958
17 years$2,476$2,072$1,725$1,430$1,180$828
18 years$2,314$1,915$1,575$1,289$1,049$718
19 years$2,169$1,775$1,442$1,164$935$624
20 years$2,039$1,649$1,323$1,054$835$543
21 years$1,922$1,536$1,217$957$748$473
22 years$1,815$1,434$1,122$870$670$413
23 years$1,718$1,341$1,036$792$601$360
24 years$1,629$1,256$958$723$541$315
25 years$1,547$1,179$887$660$486$276
26 years$1,472$1,108$823$604$438$242
27 years$1,402$1,043$764$552$395$212
28 years$1,337$983$710$506$356$186
29 years$1,277$927$661$464$322$163
30 years$1,221$876$616$426$291$143
31 years$1,169$828$574$391$263$125
32 years$1,120$783$536$360$238$110
33 years$1,075$742$500$331$215$97
34 years$1,032$703$467$304$195$85
35 years$991$667$437$280$177$75
36 years$953$633$409$258$160$66
37 years$917$601$382$238$145$58
38 years$883$571$358$219$131$51
39 years$851$543$336$202$119$45
40 years$820$517$315$186$108$39
41 years$791$492$295$172$98$35
42 years$764$468$277$159$89$30
43 years$738$446$260$146$81$27
44 years$713$425$244$135$73$24
45 years$689$406$229$125$67$21
46 years$667$387$215$115$60$18
47 years$645$369$202$107$55$16
48 years$624$353$190$98$50$14
49 years$605$337$178$91$45$12
50 years$586$322$168$84$41$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $600,000, adding $3,718 every year, while hoping to spend $24,297 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: 58/17/25 Blend
29$600,000$600,000$600,000$600,000
30$665,035$633,235$623,935$698,907
31$707,017$638,412$618,985$727,636
32$752,466$643,028$613,055$756,039
33$801,712$647,030$606,086$786,491
34$855,114$650,362$598,017$819,199
35$913,069$652,963$588,785$854,388
36$976,014$654,770$578,321$892,308
37$1,044,428$655,715$566,555$933,237
38$1,118,840$655,725$553,415$977,479
39$1,199,830$654,724$538,823$1,025,372
40$1,288,037$652,630$522,698$1,077,290
41$1,384,165$649,357$504,956$1,133,645
42$1,488,987$644,813$485,510$1,194,893
43$1,603,356$638,901$464,267$1,261,537
44$1,728,209$631,518$441,130$1,334,133
45$1,864,579$622,554$416,000$1,413,296
46$2,013,601$611,894$388,771$1,499,704
47$2,176,526$599,415$359,333$1,594,106
48$2,354,732$584,987$327,571$1,697,330
49$2,549,736$568,472$293,366$1,810,291
50$2,763,207$549,725$256,591$1,933,996
51$2,996,984$528,591$217,117$2,069,560
52$3,253,091$504,908$174,806$2,218,213
53$3,533,760$478,502$129,516$2,381,313
54$3,841,447$449,191$81,097$2,560,359
55$4,178,855$416,782$29,394$2,757,005
56$4,548,965$381,071$0$2,973,077
57$4,955,057$341,842$0$3,217,467
58$5,400,748$298,867$0$3,494,338
59$5,890,017$251,904$0$3,798,341
60$6,427,251$200,700$0$4,132,235
61$7,017,281$144,985$0$4,499,057
62$7,665,430$84,475$0$4,902,160
63$8,377,560$18,870$0$5,345,237
64$9,160,130$0$0$5,832,360
65$10,020,256$0$0$6,377,770
66$10,965,778$0$0$6,981,266
67$12,005,332$0$0$7,644,837
68$13,148,433$0$0$8,374,564
69$14,405,565$0$0$9,177,147
70$15,788,278$0$0$10,059,967
71$17,309,298$0$0$11,031,157
72$18,982,646$0$0$12,099,679
73$20,823,772$0$0$13,275,405
74$22,849,697$0$0$14,569,214
75$25,079,177$0$0$15,993,093
76$27,532,875$0$0$17,560,249
77$30,233,563$0$0$19,285,234
78$33,206,330$0$0$21,184,084
79$36,478,820$0$0$23,274,467
80$40,081,496$0$0$25,575,851
81$44,047,923$0$0$28,109,689
82$48,415,086$0$0$30,899,620
83$53,223,740$0$0$33,971,690
84$58,518,791$0$0$37,354,601
85$64,349,723$0$0$41,079,979
86$70,771,064$0$0$45,182,675
87$77,842,898$0$0$49,701,091
88$85,631,435$0$0$54,677,543
89$94,209,632$0$0$60,158,662
90$103,657,885$0$0$66,195,832
91$114,064,784$0$0$72,845,674
92$125,527,951$0$0$80,170,583
93$138,154,961$0$0$88,239,313
94$152,064,355$0$0$97,127,632
95$167,386,762$0$0$106,919,028
96$184,266,127$0$0$117,705,504
97$202,861,073$0$0$129,588,444
98$223,346,398$0$0$142,679,569
99$245,914,722$0$0$157,101,991
100$270,778,304$0$0$172,991,377