Can I retire at age 30 with 602,000?

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 $602,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$49,713$49,270$48,838$48,416$48,004$47,112
2 years$24,610$24,152$23,708$23,277$22,859$21,964
3 years$16,244$15,784$15,340$14,914$14,503$13,632
4 years$12,061$11,603$11,164$10,745$10,344$9,504
5 years$9,553$9,097$8,664$8,253$7,863$7,057
6 years$7,881$7,428$7,002$6,600$6,222$5,450
7 years$6,687$6,238$5,818$5,426$5,060$4,323
8 years$5,792$5,347$4,934$4,552$4,198$3,496
9 years$5,096$4,656$4,250$3,877$3,535$2,867
10 years$4,540$4,104$3,705$3,342$3,012$2,378
11 years$4,085$3,653$3,262$2,909$2,590$1,989
12 years$3,707$3,279$2,895$2,551$2,245$1,675
13 years$3,386$2,963$2,586$2,252$1,958$1,419
14 years$3,112$2,694$2,324$1,999$1,716$1,208
15 years$2,875$2,461$2,098$1,783$1,511$1,032
16 years$2,667$2,258$1,902$1,597$1,335$884
17 years$2,484$2,079$1,731$1,435$1,184$760
18 years$2,322$1,921$1,580$1,293$1,053$654
19 years$2,177$1,781$1,447$1,168$938$565
20 years$2,046$1,655$1,328$1,058$838$488
21 years$1,928$1,541$1,221$960$750$422
22 years$1,821$1,439$1,125$873$672$366
23 years$1,723$1,346$1,039$795$604$317
24 years$1,634$1,261$961$725$542$276
25 years$1,552$1,183$890$662$488$240
26 years$1,476$1,112$826$606$440$208
27 years$1,407$1,046$767$554$396$181
28 years$1,342$986$713$508$358$158
29 years$1,282$930$663$466$323$137
30 years$1,225$878$618$427$292$120
31 years$1,173$830$576$393$264$104
32 years$1,124$786$537$361$239$91
33 years$1,078$744$502$332$216$79
34 years$1,035$705$469$305$196$69
35 years$994$669$438$281$177$60
36 years$956$635$410$259$160$53
37 years$920$603$384$238$145$46
38 years$886$573$359$220$132$40
39 years$854$545$337$203$120$35
40 years$823$518$316$187$108$30
41 years$794$494$296$172$98$27
42 years$766$470$278$159$89$23
43 years$740$448$260$147$81$20
44 years$715$427$244$136$74$18
45 years$691$407$230$125$67$15
46 years$669$388$216$116$61$13
47 years$647$371$203$107$55$12
48 years$626$354$190$99$50$10
49 years$607$338$179$91$45$9
50 years$588$323$168$84$41$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $602,000, adding $3,382 every year, while hoping to spend $31,651 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: 42/38/20 Blend
29$602,000$602,000$602,000$602,000
30$666,893$634,987$625,656$690,868
31$701,239$632,424$612,939$705,648
32$738,028$628,676$598,735$718,318
33$777,476$623,650$582,961$731,386
34$819,818$617,248$565,530$744,906
35$865,315$609,369$546,351$758,939
36$914,252$599,903$525,328$773,552
37$966,942$588,734$502,363$788,824
38$1,023,728$575,740$477,350$804,844
39$1,084,988$560,792$450,182$821,713
40$1,151,138$543,751$420,743$839,545
41$1,222,632$524,473$388,916$858,468
42$1,299,972$502,804$354,577$878,627
43$1,383,709$478,581$317,595$900,185
44$1,474,448$451,632$277,835$923,327
45$1,572,855$421,775$235,155$948,258
46$1,679,661$388,818$189,408$975,211
47$1,795,673$352,556$140,440$1,004,444
48$1,921,775$312,775$88,088$1,036,250
49$2,058,943$269,247$32,186$1,070,953
50$2,208,248$221,733$0$1,108,918
51$2,370,869$169,978$0$1,156,415
52$2,548,106$113,715$0$1,215,746
53$2,741,386$52,660$0$1,280,584
54$2,952,282$0$0$1,351,538
55$3,182,524$0$0$1,434,920
56$3,434,018$0$0$1,550,122
57$3,708,861$0$0$1,676,093
58$4,009,362$0$0$1,813,901
59$4,338,064$0$0$1,964,720
60$4,697,764$0$0$2,129,846
61$5,091,547$0$0$2,310,704
62$5,522,806$0$0$2,508,863
63$5,995,279$0$0$2,726,052
64$6,513,082$0$0$2,964,175
65$7,080,749$0$0$3,225,328
66$7,703,273$0$0$3,511,821
67$8,386,154$0$0$3,826,199
68$9,135,448$0$0$4,171,262
69$9,957,829$0$0$4,550,097
70$10,860,645$0$0$4,966,105
71$11,851,993$0$0$5,423,030
72$12,940,790$0$0$5,924,999
73$14,136,861$0$0$6,476,556
74$15,451,029$0$0$7,082,710
75$16,895,217$0$0$7,748,975
76$18,482,560$0$0$8,481,431
77$20,227,528$0$0$9,286,771
78$22,146,066$0$0$10,172,374
79$24,255,737$0$0$11,146,366
80$26,575,894$0$0$12,217,703
81$29,127,858$0$0$13,396,249
82$31,935,121$0$0$14,692,876
83$35,023,566$0$0$16,119,561
84$38,421,711$0$0$17,689,500
85$42,160,977$0$0$19,417,233
86$46,275,986$0$0$21,318,783
87$50,804,886$0$0$23,411,801
88$55,789,710$0$0$25,715,741
89$61,276,771$0$0$28,252,034
90$67,317,102$0$0$31,044,298
91$73,966,936$0$0$34,118,556
92$81,288,232$0$0$37,503,481
93$89,349,266$0$0$41,230,671
94$98,225,269$0$0$45,334,942
95$107,999,138$0$0$49,854,659
96$118,762,222$0$0$54,832,098
97$130,615,176$0$0$60,313,841
98$143,668,917$0$0$66,351,221
99$158,045,665$0$0$73,000,804
100$173,880,101$0$0$80,324,919