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%12.4%
1 years$49,713$49,270$48,838$48,416$48,004$47,523
2 years$24,610$24,152$23,708$23,277$22,859$22,374
3 years$16,244$15,784$15,340$14,914$14,503$14,029
4 years$12,061$11,603$11,164$10,745$10,344$9,885
5 years$9,553$9,097$8,664$8,253$7,863$7,421
6 years$7,881$7,428$7,002$6,600$6,222$5,797
7 years$6,687$6,238$5,818$5,426$5,060$4,653
8 years$5,792$5,347$4,934$4,552$4,198$3,808
9 years$5,096$4,656$4,250$3,877$3,535$3,162
10 years$4,540$4,104$3,705$3,342$3,012$2,656
11 years$4,085$3,653$3,262$2,909$2,590$2,251
12 years$3,707$3,279$2,895$2,551$2,245$1,922
13 years$3,386$2,963$2,586$2,252$1,958$1,650
14 years$3,112$2,694$2,324$1,999$1,716$1,424
15 years$2,875$2,461$2,098$1,783$1,511$1,234
16 years$2,667$2,258$1,902$1,597$1,335$1,073
17 years$2,484$2,079$1,731$1,435$1,184$936
18 years$2,322$1,921$1,580$1,293$1,053$818
19 years$2,177$1,781$1,447$1,168$938$717
20 years$2,046$1,655$1,328$1,058$838$630
21 years$1,928$1,541$1,221$960$750$554
22 years$1,821$1,439$1,125$873$672$488
23 years$1,723$1,346$1,039$795$604$430
24 years$1,634$1,261$961$725$542$379
25 years$1,552$1,183$890$662$488$335
26 years$1,476$1,112$826$606$440$296
27 years$1,407$1,046$767$554$396$262
28 years$1,342$986$713$508$358$232
29 years$1,282$930$663$466$323$206
30 years$1,225$878$618$427$292$182
31 years$1,173$830$576$393$264$162
32 years$1,124$786$537$361$239$143
33 years$1,078$744$502$332$216$127
34 years$1,035$705$469$305$196$113
35 years$994$669$438$281$177$100
36 years$956$635$410$259$160$89
37 years$920$603$384$238$145$79
38 years$886$573$359$220$132$70
39 years$854$545$337$203$120$62
40 years$823$518$316$187$108$55
41 years$794$494$296$172$98$49
42 years$766$470$278$159$89$44
43 years$740$448$260$147$81$39
44 years$715$427$244$136$74$35
45 years$691$407$230$125$67$31
46 years$669$388$216$116$61$27
47 years$647$371$203$107$55$24
48 years$626$354$190$99$50$22
49 years$607$338$179$91$45$19
50 years$588$323$168$84$41$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $602,000, adding $2,035 every year, while hoping to spend $40,081 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: 55/39/6 Blend
29$602,000$602,000$602,000$602,000
30$665,503$633,597$624,266$701,121
31$690,739$621,997$602,533$713,778
32$717,205$608,486$578,729$722,919
33$744,985$592,927$552,741$731,887
34$774,169$575,176$524,454$740,670
35$804,856$555,081$493,745$749,258
36$837,152$532,481$460,486$757,641
37$871,173$507,205$424,544$765,813
38$907,047$479,072$385,780$773,768
39$944,910$447,891$344,049$781,502
40$984,914$413,461$299,198$789,014
41$1,027,223$375,568$251,068$796,308
42$1,072,015$333,986$199,495$803,388
43$1,119,487$288,478$144,304$810,266
44$1,169,852$238,790$85,315$816,957
45$1,223,343$184,658$22,339$823,482
46$1,280,217$125,799$0$829,870
47$1,340,753$61,917$0$839,026
48$1,405,257$0$0$849,838
49$1,474,065$0$0$864,074
50$1,547,543$0$0$907,684
51$1,626,094$0$0$954,340
52$1,710,160$0$0$1,004,309
53$1,800,224$0$0$1,057,882
54$1,896,817$0$0$1,115,380
55$2,000,521$0$0$1,177,155
56$2,111,975$0$0$1,243,593
57$2,231,880$0$0$1,315,119
58$2,361,007$0$0$1,392,197
59$2,500,201$0$0$1,475,340
60$2,650,392$0$0$1,565,110
61$2,812,600$0$0$1,662,123
62$2,987,947$0$0$1,767,060
63$3,177,666$0$0$1,880,664
64$3,383,112$0$0$2,003,758
65$3,605,775$0$0$2,137,242
66$3,847,294$0$0$2,282,107
67$4,109,471$0$0$2,439,446
68$4,394,287$0$0$2,610,457
69$4,703,922$0$0$2,796,459
70$5,040,774$0$0$2,998,906
71$5,407,482$0$0$3,219,394
72$5,806,950$0$0$3,459,682
73$6,242,373$0$0$3,721,705
74$6,717,267$0$0$4,007,591
75$7,235,503$0$0$4,319,686
76$7,801,340$0$0$4,660,569
77$8,419,469$0$0$5,033,081
78$9,095,053$0$0$5,440,348
79$9,833,775$0$0$5,885,814
80$10,641,894$0$0$6,373,271
81$11,526,301$0$0$6,906,891
82$12,494,584$0$0$7,491,273
83$13,555,099$0$0$8,131,478
84$14,717,048$0$0$8,833,080
85$15,990,564$0$0$9,602,220
86$17,386,809$0$0$10,445,660
87$18,918,074$0$0$11,370,847
88$20,597,900$0$0$12,385,984
89$22,441,199$0$0$13,500,108
90$24,464,397$0$0$14,723,171
91$26,685,589$0$0$16,066,137
92$29,124,705$0$0$17,541,084
93$31,803,703$0$0$19,161,315
94$34,746,769$0$0$20,941,488
95$37,980,550$0$0$22,897,748
96$41,534,398$0$0$25,047,885
97$45,440,654$0$0$27,411,494
98$49,734,945$0$0$30,010,166
99$54,456,524$0$0$32,867,688
100$59,648,634$0$0$36,010,266