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%17.2%
1 years$49,713$49,270$48,838$48,416$48,004$46,598
2 years$24,610$24,152$23,708$23,277$22,859$21,454
3 years$16,244$15,784$15,340$14,914$14,503$13,143
4 years$12,061$11,603$11,164$10,745$10,344$9,039
5 years$9,553$9,097$8,664$8,253$7,863$6,617
6 years$7,881$7,428$7,002$6,600$6,222$5,036
7 years$6,687$6,238$5,818$5,426$5,060$3,934
8 years$5,792$5,347$4,934$4,552$4,198$3,131
9 years$5,096$4,656$4,250$3,877$3,535$2,527
10 years$4,540$4,104$3,705$3,342$3,012$2,061
11 years$4,085$3,653$3,262$2,909$2,590$1,694
12 years$3,707$3,279$2,895$2,551$2,245$1,402
13 years$3,386$2,963$2,586$2,252$1,958$1,166
14 years$3,112$2,694$2,324$1,999$1,716$974
15 years$2,875$2,461$2,098$1,783$1,511$817
16 years$2,667$2,258$1,902$1,597$1,335$687
17 years$2,484$2,079$1,731$1,435$1,184$579
18 years$2,322$1,921$1,580$1,293$1,053$489
19 years$2,177$1,781$1,447$1,168$938$413
20 years$2,046$1,655$1,328$1,058$838$350
21 years$1,928$1,541$1,221$960$750$297
22 years$1,821$1,439$1,125$873$672$252
23 years$1,723$1,346$1,039$795$604$214
24 years$1,634$1,261$961$725$542$182
25 years$1,552$1,183$890$662$488$155
26 years$1,476$1,112$826$606$440$131
27 years$1,407$1,046$767$554$396$112
28 years$1,342$986$713$508$358$95
29 years$1,282$930$663$466$323$81
30 years$1,225$878$618$427$292$69
31 years$1,173$830$576$393$264$59
32 years$1,124$786$537$361$239$50
33 years$1,078$744$502$332$216$43
34 years$1,035$705$469$305$196$37
35 years$994$669$438$281$177$31
36 years$956$635$410$259$160$27
37 years$920$603$384$238$145$23
38 years$886$573$359$220$132$19
39 years$854$545$337$203$120$16
40 years$823$518$316$187$108$14
41 years$794$494$296$172$98$12
42 years$766$470$278$159$89$10
43 years$740$448$260$147$81$9
44 years$715$427$244$136$74$7
45 years$691$407$230$125$67$6
46 years$669$388$216$116$61$5
47 years$647$371$203$107$55$5
48 years$626$354$190$99$50$4
49 years$607$338$179$91$45$3
50 years$588$323$168$84$41$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $602,000, adding $4,105 every year, while hoping to spend $20,654 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: 41/38/21 Blend
29$602,000$602,000$602,000$602,000
30$667,638$635,732$626,401$690,733
31$713,762$644,907$625,410$716,784
32$763,897$653,840$623,693$742,671
33$818,433$662,496$621,205$770,270
34$877,795$670,840$617,897$799,748
35$942,452$678,833$613,718$831,292
36$1,012,920$686,434$608,616$865,106
37$1,089,767$693,599$602,534$901,418
38$1,173,619$700,281$595,415$940,479
39$1,265,165$706,431$587,197$982,567
40$1,365,160$711,995$577,817$1,027,989
41$1,474,440$716,916$567,208$1,077,084
42$1,593,922$721,134$555,299$1,130,230
43$1,724,618$724,586$542,017$1,187,840
44$1,867,641$727,202$527,286$1,250,374
45$2,024,216$728,911$511,026$1,318,339
46$2,195,693$729,634$493,153$1,392,297
47$2,383,559$729,291$473,578$1,472,868
48$2,589,449$727,794$452,210$1,560,736
49$2,815,168$725,051$428,954$1,656,659
50$3,062,700$720,964$403,710$1,761,472
51$3,334,233$715,428$376,371$1,876,100
52$3,632,175$708,334$346,830$2,001,564
53$3,959,179$699,565$314,971$2,138,990
54$4,318,168$688,997$280,675$2,289,625
55$4,712,362$676,498$243,818$2,454,843
56$5,145,305$661,929$204,269$2,636,163
57$5,620,906$645,143$161,892$2,835,262
58$6,143,468$625,985$116,545$3,053,992
59$6,717,732$604,288$68,079$3,294,396
60$7,348,921$579,879$16,340$3,558,732
61$8,042,790$552,572$0$3,849,491
62$8,805,679$522,172$0$4,178,134
63$9,644,571$488,471$0$4,543,458
64$10,567,163$451,252$0$4,945,187
65$11,581,933$410,283$0$5,387,061
66$12,698,222$365,319$0$5,873,203
67$13,926,324$316,102$0$6,408,158
68$15,277,577$262,359$0$6,996,942
69$16,764,478$203,803$0$7,645,086
70$18,400,792$140,127$0$8,358,687
71$20,201,691$71,011$0$9,144,471
72$22,183,888$0$0$10,009,854
73$24,365,800$0$0$10,964,638
74$26,767,720$0$0$12,048,478
75$29,412,010$0$0$13,241,781
76$32,323,308$0$0$14,555,678
77$35,528,763$0$0$16,002,435
78$39,058,291$0$0$17,595,566
79$42,944,858$0$0$19,349,964
80$47,224,786$0$0$21,282,040
81$51,938,104$0$0$23,409,877
82$57,128,916$0$0$25,753,401
83$62,845,825$0$0$28,334,569
84$69,142,386$0$0$31,177,577
85$76,077,613$0$0$34,309,088
86$83,716,540$0$0$37,758,483
87$92,130,825$0$0$41,558,136
88$101,399,437$0$0$45,743,725
89$111,609,392$0$0$50,354,564
90$122,856,579$0$0$55,433,975
91$135,246,665$0$0$61,029,698
92$148,896,089$0$0$67,194,342
93$163,933,164$0$0$73,985,876
94$180,499,285$0$0$81,468,185
95$198,750,266$0$0$89,711,666
96$218,857,809$0$0$98,793,894
97$241,011,124$0$0$108,800,356
98$265,418,716$0$0$119,825,256
99$292,310,354$0$0$131,972,404
100$321,939,235$0$0$145,356,198