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%17.3%
1 years$49,713$49,270$48,838$48,416$48,004$46,580
2 years$24,610$24,152$23,708$23,277$22,859$21,436
3 years$16,244$15,784$15,340$14,914$14,503$13,125
4 years$12,061$11,603$11,164$10,745$10,344$9,022
5 years$9,553$9,097$8,664$8,253$7,863$6,601
6 years$7,881$7,428$7,002$6,600$6,222$5,021
7 years$6,687$6,238$5,818$5,426$5,060$3,920
8 years$5,792$5,347$4,934$4,552$4,198$3,118
9 years$5,096$4,656$4,250$3,877$3,535$2,515
10 years$4,540$4,104$3,705$3,342$3,012$2,050
11 years$4,085$3,653$3,262$2,909$2,590$1,684
12 years$3,707$3,279$2,895$2,551$2,245$1,393
13 years$3,386$2,963$2,586$2,252$1,958$1,158
14 years$3,112$2,694$2,324$1,999$1,716$967
15 years$2,875$2,461$2,098$1,783$1,511$810
16 years$2,667$2,258$1,902$1,597$1,335$680
17 years$2,484$2,079$1,731$1,435$1,184$573
18 years$2,322$1,921$1,580$1,293$1,053$483
19 years$2,177$1,781$1,447$1,168$938$408
20 years$2,046$1,655$1,328$1,058$838$346
21 years$1,928$1,541$1,221$960$750$293
22 years$1,821$1,439$1,125$873$672$248
23 years$1,723$1,346$1,039$795$604$211
24 years$1,634$1,261$961$725$542$179
25 years$1,552$1,183$890$662$488$152
26 years$1,476$1,112$826$606$440$129
27 years$1,407$1,046$767$554$396$110
28 years$1,342$986$713$508$358$94
29 years$1,282$930$663$466$323$80
30 years$1,225$878$618$427$292$68
31 years$1,173$830$576$393$264$58
32 years$1,124$786$537$361$239$49
33 years$1,078$744$502$332$216$42
34 years$1,035$705$469$305$196$36
35 years$994$669$438$281$177$30
36 years$956$635$410$259$160$26
37 years$920$603$384$238$145$22
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$8
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$4
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 $3,598 every year, while hoping to spend $25,383 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: 43/28/29 Blend
29$602,000$602,000$602,000$602,000
30$667,115$635,209$625,878$690,028
31$708,154$639,327$619,838$710,941
32$752,527$642,796$612,744$730,918
33$800,550$645,558$604,536$752,084
34$852,565$647,549$595,147$774,564
35$908,952$648,705$584,510$798,498
36$970,128$648,954$572,554$824,041
37$1,036,550$648,222$559,203$851,366
38$1,108,722$646,429$544,381$880,665
39$1,187,199$643,491$528,005$912,153
40$1,272,591$639,319$509,990$946,065
41$1,365,567$633,818$490,247$982,665
42$1,466,867$626,888$468,683$1,022,247
43$1,577,303$618,421$445,199$1,065,133
44$1,697,770$608,305$419,695$1,111,685
45$1,829,251$596,420$392,063$1,162,302
46$1,972,829$582,639$362,192$1,217,426
47$2,129,698$566,829$329,965$1,277,548
48$2,301,170$548,846$295,262$1,343,213
49$2,488,691$528,542$257,955$1,415,023
50$2,693,852$505,755$217,911$1,493,647
51$2,918,406$480,318$174,993$1,579,822
52$3,164,283$452,053$129,054$1,674,370
53$3,433,608$420,771$79,945$1,778,195
54$3,728,720$386,274$27,508$1,892,301
55$4,052,198$348,349$0$2,017,799
56$4,406,879$306,776$0$2,164,720
57$4,795,891$261,318$0$2,335,277
58$5,222,677$211,728$0$2,522,505
59$5,691,030$157,742$0$2,728,125
60$6,205,127$99,083$0$2,954,034
61$6,769,571$35,459$0$3,202,328
62$7,389,431$0$0$3,475,316
63$8,070,291$0$0$3,785,853
64$8,818,305$0$0$4,139,099
65$9,640,248$0$0$4,527,339
66$10,543,587$0$0$4,954,111
67$11,536,548$0$0$5,423,310
68$12,628,193$0$0$5,939,230
69$13,828,506$0$0$6,506,600
70$15,148,486$0$0$7,130,631
71$16,600,252$0$0$7,817,065
72$18,197,157$0$0$8,572,227
73$19,953,912$0$0$9,403,086
74$21,886,726$0$0$10,317,323
75$24,013,460$0$0$11,323,398
76$26,353,790$0$0$12,430,635
77$28,929,399$0$0$13,649,306
78$31,764,177$0$0$14,990,730
79$34,884,448$0$0$16,467,378
80$38,319,216$0$0$18,092,994
81$42,100,443$0$0$19,882,720
82$46,263,343$0$0$21,853,242
83$50,846,722$0$0$24,022,945
84$55,893,338$0$0$26,412,089
85$61,450,307$0$0$29,042,998
86$67,569,546$0$0$31,940,272
87$74,308,263$0$0$35,131,016
88$81,729,498$0$0$38,645,100
89$89,902,715$0$0$42,515,439
90$98,904,461$0$0$46,778,302
91$108,819,081$0$0$51,473,654
92$119,739,524$0$0$56,645,537
93$131,768,210$0$0$62,342,482
94$145,018,002$0$0$68,617,967
95$159,613,271$0$0$75,530,922
96$175,691,065$0$0$83,146,288
97$193,402,407$0$0$91,535,624
98$212,913,718$0$0$100,777,788
99$234,408,387$0$0$110,959,676
100$258,088,502$0$0$122,177,047