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%18.5%
1 years$49,630$49,188$48,757$48,336$47,925$46,279
2 years$24,569$24,112$23,668$23,238$22,821$21,181
3 years$16,217$15,757$15,315$14,889$14,479$12,894
4 years$12,041$11,583$11,145$10,727$10,326$8,810
5 years$9,537$9,081$8,649$8,239$7,850$6,405
6 years$7,868$7,416$6,990$6,589$6,211$4,840
7 years$6,676$6,228$5,809$5,417$5,052$3,753
8 years$5,782$5,338$4,926$4,544$4,191$2,964
9 years$5,088$4,648$4,243$3,871$3,529$2,373
10 years$4,533$4,097$3,699$3,337$3,007$1,920
11 years$4,078$3,647$3,257$2,904$2,586$1,565
12 years$3,700$3,274$2,890$2,547$2,241$1,284
13 years$3,381$2,958$2,582$2,249$1,954$1,059
14 years$3,107$2,689$2,320$1,996$1,713$877
15 years$2,870$2,456$2,095$1,780$1,508$728
16 years$2,663$2,254$1,899$1,594$1,333$606
17 years$2,480$2,076$1,728$1,432$1,182$506
18 years$2,318$1,918$1,578$1,291$1,051$423
19 years$2,173$1,778$1,444$1,166$937$354
20 years$2,043$1,652$1,325$1,056$837$297
21 years$1,925$1,539$1,219$959$749$249
22 years$1,818$1,436$1,124$872$671$210
23 years$1,721$1,343$1,037$794$602$176
24 years$1,631$1,259$959$724$542$148
25 years$1,549$1,181$889$661$487$125
26 years$1,474$1,110$824$605$439$105
27 years$1,404$1,045$765$553$396$88
28 years$1,339$984$711$507$357$75
29 years$1,279$929$662$465$322$63
30 years$1,223$877$617$427$291$53
31 years$1,171$829$575$392$263$45
32 years$1,122$784$536$360$238$38
33 years$1,076$743$501$331$216$32
34 years$1,033$704$468$305$195$27
35 years$993$668$438$281$177$23
36 years$955$634$409$258$160$19
37 years$918$602$383$238$145$16
38 years$884$572$359$219$132$14
39 years$852$544$336$202$119$11
40 years$822$518$315$187$108$10
41 years$793$493$295$172$98$8
42 years$765$469$277$159$89$7
43 years$739$447$260$147$81$6
44 years$714$426$244$135$73$5
45 years$690$406$229$125$67$4
46 years$668$388$215$116$61$3
47 years$646$370$202$107$55$3
48 years$625$353$190$99$50$2
49 years$606$337$179$91$45$2
50 years$587$322$168$84$41$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $601,000, adding $3,481 every year, while hoping to spend $25,650 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: 46/43/11 Blend
29$601,000$601,000$601,000$601,000
30$665,893$634,040$624,724$694,315
31$706,522$637,816$618,361$718,105
32$750,436$640,918$610,925$740,981
33$797,943$643,285$602,353$765,220
34$849,381$644,854$592,579$790,957
35$905,122$645,555$581,535$818,341
36$965,575$645,318$569,147$847,541
37$1,031,190$644,066$555,340$878,740
38$1,102,463$641,716$540,036$912,144
39$1,179,938$638,184$523,150$947,981
40$1,264,213$633,376$504,597$986,503
41$1,355,947$627,197$484,286$1,027,990
42$1,455,867$619,542$462,122$1,072,753
43$1,564,769$610,303$438,007$1,121,135
44$1,683,531$599,364$411,836$1,173,518
45$1,813,121$586,603$383,502$1,230,324
46$1,954,602$571,889$352,892$1,292,022
47$2,109,145$555,085$319,888$1,359,129
48$2,278,039$536,046$284,366$1,432,220
49$2,462,704$514,617$246,197$1,511,930
50$2,664,703$490,636$205,247$1,598,962
51$2,885,756$463,930$161,376$1,694,096
52$3,127,757$434,317$114,437$1,798,192
53$3,392,794$401,604$64,276$1,912,204
54$3,683,164$365,588$10,734$2,037,187
55$4,001,397$326,052$0$2,174,308
56$4,350,280$282,769$0$2,330,303
57$4,732,882$235,499$0$2,502,851
58$5,152,585$183,987$0$2,692,290
59$5,613,111$127,965$0$2,900,387
60$6,118,562$67,149$0$3,129,092
61$6,673,456$1,239$0$3,380,560
62$7,282,769$0$0$3,657,172
63$7,951,984$0$0$3,994,715
64$8,687,139$0$0$4,366,237
65$9,494,888$0$0$4,774,521
66$10,382,560$0$0$5,223,283
67$11,358,229$0$0$5,716,614
68$12,430,790$0$0$6,259,022
69$13,610,044$0$0$6,855,474
70$14,906,789$0$0$7,511,442
71$16,332,920$0$0$8,232,956
72$17,901,543$0$0$9,026,657
73$19,627,101$0$0$9,899,865
74$21,525,503$0$0$10,860,643
75$23,614,279$0$0$11,917,877
76$25,912,746$0$0$13,081,357
77$28,442,185$0$0$14,361,869
78$31,226,047$0$0$15,771,298
79$34,290,169$0$0$17,322,742
80$37,663,023$0$0$19,030,631
81$41,375,978$0$0$20,910,865
82$45,463,602$0$0$22,980,965
83$49,963,982$0$0$25,260,236
84$54,919,089$0$0$27,769,952
85$60,375,168$0$0$30,533,554
86$66,383,178$0$0$33,576,872
87$72,999,273$0$0$36,928,369
88$80,285,327$0$0$40,619,408
89$88,309,522$0$0$44,684,550
90$97,146,991$0$0$49,161,879
91$106,880,524$0$0$54,093,359
92$117,601,349$0$0$59,525,235
93$129,409,998$0$0$65,508,464
94$142,417,249$0$0$72,099,200
95$156,745,173$0$0$79,359,320
96$172,528,288$0$0$87,357,011
97$189,914,827$0$0$96,167,413
98$209,068,135$0$0$105,873,326
99$230,168,214$0$0$116,565,991
100$253,413,417$0$0$128,345,957