Can I retire at age 30 with 601,000?

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 $601,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$49,630$49,188$48,757$48,336$47,925$46,634
2 years$24,569$24,112$23,668$23,238$22,821$21,530
3 years$16,217$15,757$15,315$14,889$14,479$13,227
4 years$12,041$11,583$11,145$10,727$10,326$9,125
5 years$9,537$9,081$8,649$8,239$7,850$6,701
6 years$7,868$7,416$6,990$6,589$6,211$5,116
7 years$6,676$6,228$5,809$5,417$5,052$4,011
8 years$5,782$5,338$4,926$4,544$4,191$3,203
9 years$5,088$4,648$4,243$3,871$3,529$2,594
10 years$4,533$4,097$3,699$3,337$3,007$2,124
11 years$4,078$3,647$3,257$2,904$2,586$1,753
12 years$3,700$3,274$2,890$2,547$2,241$1,456
13 years$3,381$2,958$2,582$2,249$1,954$1,217
14 years$3,107$2,689$2,320$1,996$1,713$1,020
15 years$2,870$2,456$2,095$1,780$1,508$859
16 years$2,663$2,254$1,899$1,594$1,333$725
17 years$2,480$2,076$1,728$1,432$1,182$614
18 years$2,318$1,918$1,578$1,291$1,051$521
19 years$2,173$1,778$1,444$1,166$937$442
20 years$2,043$1,652$1,325$1,056$837$376
21 years$1,925$1,539$1,219$959$749$320
22 years$1,818$1,436$1,124$872$671$273
23 years$1,721$1,343$1,037$794$602$233
24 years$1,631$1,259$959$724$542$199
25 years$1,549$1,181$889$661$487$170
26 years$1,474$1,110$824$605$439$145
27 years$1,404$1,045$765$553$396$124
28 years$1,339$984$711$507$357$106
29 years$1,279$929$662$465$322$91
30 years$1,223$877$617$427$291$78
31 years$1,171$829$575$392$263$67
32 years$1,122$784$536$360$238$57
33 years$1,076$743$501$331$216$49
34 years$1,033$704$468$305$195$42
35 years$993$668$438$281$177$36
36 years$955$634$409$258$160$31
37 years$918$602$383$238$145$26
38 years$884$572$359$219$132$23
39 years$852$544$336$202$119$19
40 years$822$518$315$187$108$17
41 years$793$493$295$172$98$14
42 years$765$469$277$159$89$12
43 years$739$447$260$147$81$11
44 years$714$426$244$135$73$9
45 years$690$406$229$125$67$8
46 years$668$388$215$116$61$7
47 years$646$370$202$107$55$6
48 years$625$353$190$99$50$5
49 years$606$337$179$91$45$4
50 years$587$322$168$84$41$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $601,000, adding $6,057 every year, while hoping to spend $41,243 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: 68/21/11 Blend
29$601,000$601,000$601,000$601,000
30$668,550$636,697$627,381$712,046
31$692,860$624,013$604,516$729,046
32$718,267$609,325$579,503$742,122
33$744,840$592,491$552,226$755,344
34$772,652$573,362$522,565$768,722
35$801,785$551,779$490,392$782,267
36$832,324$527,573$455,577$795,992
37$864,363$500,567$417,982$809,912
38$898,006$470,573$377,462$824,048
39$933,363$437,391$333,868$838,420
40$970,555$400,812$287,041$853,057
41$1,009,713$360,613$236,818$867,987
42$1,050,980$316,560$183,028$883,249
43$1,094,513$268,403$125,492$898,883
44$1,140,480$215,882$64,023$914,938
45$1,189,067$158,718$0$931,469
46$1,240,476$96,619$0$948,726
47$1,294,927$29,277$0$974,628
48$1,352,662$0$0$1,001,762
49$1,413,944$0$0$1,040,332
50$1,479,062$0$0$1,088,523
51$1,548,329$0$0$1,139,805
52$1,622,092$0$0$1,194,435
53$1,700,727$0$0$1,252,696
54$1,784,648$0$0$1,314,898
55$1,874,307$0$0$1,381,378
56$1,970,203$0$0$1,452,509
57$2,072,878$0$0$1,528,698
58$2,182,931$0$0$1,610,391
59$2,301,015$0$0$1,698,078
60$2,427,849$0$0$1,792,297
61$2,564,223$0$0$1,893,638
62$2,711,002$0$0$2,002,750
63$2,869,137$0$0$2,120,344
64$3,039,673$0$0$2,247,202
65$3,223,757$0$0$2,384,183
66$3,422,649$0$0$2,532,231
67$3,637,736$0$0$2,692,382
68$3,870,540$0$0$2,865,778
69$4,122,735$0$0$3,053,671
70$4,396,162$0$0$3,257,441
71$4,692,845$0$0$3,478,602
72$5,015,010$0$0$3,718,822
73$5,365,107$0$0$3,979,935
74$5,745,828$0$0$4,263,957
75$6,160,137$0$0$4,573,109
76$6,611,296$0$0$4,909,833
77$7,102,891$0$0$5,276,816
78$7,638,872$0$0$5,677,016
79$8,223,586$0$0$6,113,689
80$8,861,814$0$0$6,590,417
81$9,558,824$0$0$7,111,144
82$10,320,412$0$0$7,680,214
83$11,152,959$0$0$8,302,407
84$12,063,492$0$0$8,982,986
85$13,059,746$0$0$9,727,746
86$14,150,241$0$0$10,543,070
87$15,344,355$0$0$11,435,984
88$16,652,419$0$0$12,414,227
89$18,085,808$0$0$13,486,322
90$19,657,051$0$0$14,661,655
91$21,379,944$0$0$15,950,563
92$23,269,686$0$0$17,364,432
93$25,343,014$0$0$18,915,804
94$27,618,366$0$0$20,618,492
95$30,116,051$0$0$22,487,712
96$32,858,439$0$0$24,540,226
97$35,870,172$0$0$26,794,498
98$39,178,398$0$0$29,270,867
99$42,813,021$0$0$31,991,741
100$46,806,986$0$0$34,981,804