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%13.5%
1 years$49,547$49,106$48,676$48,255$47,845$47,149
2 years$24,528$24,072$23,629$23,200$22,783$22,084
3 years$16,190$15,731$15,289$14,864$14,455$13,773
4 years$12,021$11,564$11,127$10,709$10,309$9,651
5 years$9,521$9,066$8,635$8,225$7,837$7,204
6 years$7,855$7,403$6,978$6,578$6,201$5,594
7 years$6,665$6,217$5,799$5,408$5,043$4,462
8 years$5,773$5,329$4,918$4,537$4,184$3,629
9 years$5,079$4,640$4,236$3,864$3,523$2,994
10 years$4,525$4,090$3,693$3,331$3,002$2,498
11 years$4,072$3,641$3,251$2,899$2,582$2,103
12 years$3,694$3,268$2,885$2,543$2,237$1,783
13 years$3,375$2,953$2,578$2,245$1,951$1,520
14 years$3,102$2,685$2,316$1,993$1,710$1,302
15 years$2,865$2,452$2,091$1,777$1,506$1,120
16 years$2,658$2,250$1,896$1,591$1,331$967
17 years$2,476$2,072$1,725$1,430$1,180$837
18 years$2,314$1,915$1,575$1,289$1,049$726
19 years$2,169$1,775$1,442$1,164$935$631
20 years$2,039$1,649$1,323$1,054$835$549
21 years$1,922$1,536$1,217$957$748$479
22 years$1,815$1,434$1,122$870$670$418
23 years$1,718$1,341$1,036$792$601$366
24 years$1,629$1,256$958$723$541$320
25 years$1,547$1,179$887$660$486$280
26 years$1,472$1,108$823$604$438$246
27 years$1,402$1,043$764$552$395$215
28 years$1,337$983$710$506$356$189
29 years$1,277$927$661$464$322$166
30 years$1,221$876$616$426$291$146
31 years$1,169$828$574$391$263$128
32 years$1,120$783$536$360$238$113
33 years$1,075$742$500$331$215$99
34 years$1,032$703$467$304$195$87
35 years$991$667$437$280$177$77
36 years$953$633$409$258$160$67
37 years$917$601$382$238$145$59
38 years$883$571$358$219$131$52
39 years$851$543$336$202$119$46
40 years$820$517$315$186$108$40
41 years$791$492$295$172$98$36
42 years$764$468$277$159$89$31
43 years$738$446$260$146$81$28
44 years$713$425$244$135$73$24
45 years$689$406$229$125$67$21
46 years$667$387$215$115$60$19
47 years$645$369$202$107$55$17
48 years$624$353$190$98$50$15
49 years$605$337$178$91$45$13
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 $3,508 every year, while hoping to spend $22,205 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: 50/24/26 Blend
29$600,000$600,000$600,000$600,000
30$664,819$633,019$623,719$693,025
31$709,004$640,410$620,987$720,445
32$756,952$647,420$617,420$747,724
33$809,024$654,006$612,966$776,931
34$865,614$660,123$607,570$808,259
35$927,161$665,722$601,178$841,922
36$994,142$670,754$593,728$878,154
37$1,067,086$675,163$585,160$917,216
38$1,146,575$678,891$575,408$959,396
39$1,233,246$681,878$564,405$1,005,014
40$1,327,805$684,057$552,080$1,054,420
41$1,431,024$685,359$538,358$1,108,005
42$1,543,757$685,710$523,162$1,166,198
43$1,666,942$685,031$506,409$1,229,475
44$1,801,611$683,240$488,016$1,298,362
45$1,948,904$680,247$467,892$1,373,439
46$2,110,071$675,958$445,946$1,455,347
47$2,286,493$670,274$422,079$1,544,796
48$2,479,687$663,089$396,191$1,642,568
49$2,691,326$654,292$368,174$1,749,528
50$2,923,251$643,762$337,918$1,866,631
51$3,177,492$631,375$305,307$1,994,932
52$3,456,281$616,998$270,220$2,135,595
53$3,762,079$600,488$232,530$2,289,908
54$4,097,596$581,697$192,104$2,459,290
55$4,465,817$560,466$148,806$2,645,308
56$4,870,030$536,629$102,491$2,849,695
57$5,313,857$510,007$53,008$3,074,360
58$5,801,287$480,415$201$3,321,413
59$6,336,716$447,652$0$3,593,182
60$6,924,985$411,511$0$3,907,814
61$7,571,428$371,770$0$4,253,638
62$8,281,921$328,194$0$4,633,777
63$9,062,938$280,537$0$5,051,735
64$9,921,611$228,536$0$5,511,376
65$10,865,798$171,917$0$6,016,960
66$11,904,155$110,387$0$6,573,183
67$13,046,221$43,638$0$7,185,222
68$14,302,505$0$0$7,858,786
69$15,684,586$0$0$8,607,735
70$17,205,220$0$0$9,444,518
71$18,878,465$0$0$10,365,356
72$20,719,807$0$0$11,378,780
73$22,746,312$0$0$12,494,193
74$24,976,782$0$0$13,721,953
75$27,431,936$0$0$15,073,475
76$30,134,604$0$0$16,561,336
77$33,109,938$0$0$18,199,396
78$36,385,657$0$0$20,002,926
79$39,992,302$0$0$21,988,752
80$43,963,527$0$0$24,175,416
81$48,336,416$0$0$26,583,351
82$53,151,830$0$0$29,235,068
83$58,454,798$0$0$32,155,378
84$64,294,934$0$0$35,371,617
85$70,726,914$0$0$38,913,909
86$77,810,983$0$0$42,815,448
87$85,613,530$0$0$47,112,811
88$94,207,711$0$0$51,846,307
89$103,674,138$0$0$57,060,351
90$114,101,643$0$0$62,803,887
91$125,588,116$0$0$69,130,851
92$138,241,424$0$0$76,100,676
93$152,180,435$0$0$83,778,854
94$167,536,133$0$0$92,237,559
95$184,452,862$0$0$101,556,318
96$203,089,680$0$0$111,822,773
97$223,621,866$0$0$123,133,499
98$246,242,572$0$0$135,594,920
99$271,164,646$0$0$149,324,313
100$298,622,638$0$0$164,450,914