Can I retire at age 30 with 601,000?

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 $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%13%
1 years$49,630$49,188$48,757$48,336$47,925$47,326
2 years$24,569$24,112$23,668$23,238$22,821$22,219
3 years$16,217$15,757$15,315$14,889$14,479$13,891
4 years$12,041$11,583$11,145$10,727$10,326$9,758
5 years$9,537$9,081$8,649$8,239$7,850$7,303
6 years$7,868$7,416$6,990$6,589$6,211$5,686
7 years$6,676$6,228$5,809$5,417$5,052$4,549
8 years$5,782$5,338$4,926$4,544$4,191$3,710
9 years$5,088$4,648$4,243$3,871$3,529$3,070
10 years$4,533$4,097$3,699$3,337$3,007$2,569
11 years$4,078$3,647$3,257$2,904$2,586$2,169
12 years$3,700$3,274$2,890$2,547$2,241$1,845
13 years$3,381$2,958$2,582$2,249$1,954$1,578
14 years$3,107$2,689$2,320$1,996$1,713$1,357
15 years$2,870$2,456$2,095$1,780$1,508$1,171
16 years$2,663$2,254$1,899$1,594$1,333$1,014
17 years$2,480$2,076$1,728$1,432$1,182$881
18 years$2,318$1,918$1,578$1,291$1,051$767
19 years$2,173$1,778$1,444$1,166$937$669
20 years$2,043$1,652$1,325$1,056$837$585
21 years$1,925$1,539$1,219$959$749$512
22 years$1,818$1,436$1,124$872$671$449
23 years$1,721$1,343$1,037$794$602$394
24 years$1,631$1,259$959$724$542$346
25 years$1,549$1,181$889$661$487$304
26 years$1,474$1,110$824$605$439$268
27 years$1,404$1,045$765$553$396$236
28 years$1,339$984$711$507$357$208
29 years$1,279$929$662$465$322$183
30 years$1,223$877$617$427$291$161
31 years$1,171$829$575$392$263$142
32 years$1,122$784$536$360$238$126
33 years$1,076$743$501$331$216$111
34 years$1,033$704$468$305$195$98
35 years$993$668$438$281$177$87
36 years$955$634$409$258$160$76
37 years$918$602$383$238$145$68
38 years$884$572$359$219$132$60
39 years$852$544$336$202$119$53
40 years$822$518$315$187$108$47
41 years$793$493$295$172$98$41
42 years$765$469$277$159$89$37
43 years$739$447$260$147$81$32
44 years$714$426$244$135$73$29
45 years$690$406$229$125$67$25
46 years$668$388$215$116$61$22
47 years$646$370$202$107$55$20
48 years$625$353$190$99$50$17
49 years$606$337$179$91$45$15
50 years$587$322$168$84$41$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $601,000, adding $6,098 every year, while hoping to spend $33,683 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: 43/36/21 Blend
29$601,000$601,000$601,000$601,000
30$668,592$636,739$627,424$693,019
31$700,950$632,101$612,604$706,271
32$735,480$626,106$596,159$716,878
33$772,367$618,654$577,998$727,681
34$811,815$609,635$558,028$738,717
35$854,048$598,935$536,150$750,025
36$899,311$586,433$512,261$761,655
37$947,873$572,000$486,254$773,661
38$1,000,028$555,500$458,015$786,109
39$1,056,100$536,788$427,428$799,071
40$1,116,444$515,714$394,369$812,631
41$1,181,452$492,114$358,711$826,887
42$1,251,550$465,818$320,318$841,946
43$1,327,211$436,646$279,052$857,935
44$1,408,952$404,406$234,765$874,994
45$1,497,340$368,898$187,305$893,283
46$1,593,002$329,906$136,512$912,985
47$1,696,623$287,207$82,220$934,301
48$1,808,959$240,561$24,255$957,464
49$1,930,841$189,716$0$982,733
50$2,063,182$134,407$0$1,018,823
51$2,206,987$74,354$0$1,063,986
52$2,363,361$9,258$0$1,113,190
53$2,533,519$0$0$1,166,895
54$2,718,800$0$0$1,249,850
55$2,920,676$0$0$1,344,299
56$3,140,767$0$0$1,447,341
57$3,380,856$0$0$1,559,820
58$3,642,906$0$0$1,682,664
59$3,929,077$0$0$1,816,897
60$4,241,746$0$0$1,963,643
61$4,583,533$0$0$2,124,142
62$4,957,320$0$0$2,299,759
63$5,366,280$0$0$2,491,995
64$5,813,909$0$0$2,702,506
65$6,304,054$0$0$2,933,113
66$6,840,954$0$0$3,185,824
67$7,429,275$0$0$3,462,847
68$8,074,156$0$0$3,766,616
69$8,781,260$0$0$4,099,813
70$9,556,819$0$0$4,465,389
71$10,407,701$0$0$4,866,597
72$11,341,469$0$0$5,307,019
73$12,366,456$0$0$5,790,601
74$13,491,839$0$0$6,321,690
75$14,727,726$0$0$6,905,074
76$16,085,256$0$0$7,546,028
77$17,576,695$0$0$8,250,363
78$19,215,560$0$0$9,024,482
79$21,016,739$0$0$9,875,437
80$22,996,636$0$0$10,810,999
81$25,173,322$0$0$11,839,728
82$27,566,708$0$0$12,971,058
83$30,198,729$0$0$14,215,379
84$33,093,553$0$0$15,584,140
85$36,277,807$0$0$17,089,957
86$39,780,830$0$0$18,746,730
87$43,634,946$0$0$20,569,771
88$47,875,770$0$0$22,575,954
89$52,542,545$0$0$24,783,873
90$57,678,510$0$0$27,214,013
91$63,331,307$0$0$29,888,945
92$69,553,432$0$0$32,833,542
93$76,402,726$0$0$36,075,210
94$83,942,926$0$0$39,644,146
95$92,244,261$0$0$43,573,625
96$101,384,116$0$0$47,900,314
97$111,447,760$0$0$52,664,613
98$122,529,154$0$0$57,911,043
99$134,731,832$0$0$63,688,659
100$148,169,881$0$0$70,051,519