Can I retire at age 30 with 603,000?

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 $603,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$49,795$49,352$48,919$48,497$48,084$47,268
2 years$24,651$24,192$23,747$23,316$22,897$22,078
3 years$16,271$15,810$15,366$14,939$14,527$13,729
4 years$12,081$11,622$11,182$10,762$10,361$9,591
5 years$9,569$9,112$8,678$8,267$7,876$7,137
6 years$7,894$7,440$7,013$6,611$6,232$5,524
7 years$6,698$6,248$5,828$5,435$5,068$4,391
8 years$5,802$5,356$4,943$4,559$4,205$3,559
9 years$5,105$4,663$4,257$3,884$3,541$2,926
10 years$4,548$4,111$3,711$3,348$3,017$2,433
11 years$4,092$3,659$3,267$2,913$2,595$2,040
12 years$3,713$3,284$2,900$2,556$2,249$1,723
13 years$3,392$2,968$2,591$2,256$1,961$1,463
14 years$3,117$2,698$2,328$2,003$1,719$1,248
15 years$2,879$2,465$2,102$1,786$1,513$1,069
16 years$2,672$2,261$1,905$1,599$1,338$919
17 years$2,488$2,083$1,734$1,437$1,186$792
18 years$2,326$1,924$1,583$1,295$1,054$684
19 years$2,180$1,783$1,449$1,170$940$592
20 years$2,049$1,657$1,330$1,060$840$513
21 years$1,931$1,544$1,223$962$751$446
22 years$1,824$1,441$1,127$874$673$387
23 years$1,726$1,348$1,041$796$605$337
24 years$1,637$1,263$963$726$543$294
25 years$1,555$1,185$892$663$489$256
26 years$1,479$1,114$827$607$440$223
27 years$1,409$1,048$768$555$397$195
28 years$1,344$988$714$509$358$170
29 years$1,284$932$664$466$324$149
30 years$1,227$880$619$428$292$130
31 years$1,175$832$577$393$264$114
32 years$1,126$787$538$361$239$99
33 years$1,080$745$503$332$216$87
34 years$1,037$706$470$306$196$76
35 years$996$670$439$281$177$67
36 years$958$636$411$259$161$58
37 years$922$604$384$239$146$51
38 years$887$574$360$220$132$45
39 years$855$546$337$203$120$39
40 years$824$519$316$187$109$34
41 years$795$494$296$173$99$30
42 years$768$471$278$159$89$26
43 years$741$449$261$147$81$23
44 years$716$428$245$136$74$20
45 years$693$408$230$125$67$18
46 years$670$389$216$116$61$15
47 years$648$371$203$107$55$14
48 years$628$354$191$99$50$12
49 years$608$338$179$91$45$10
50 years$589$323$168$85$41$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $603,000, adding $3,130 every year, while hoping to spend $47,886 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: 66/25/9 Blend
29$603,000$603,000$603,000$603,000
30$667,735$635,776$626,429$710,390
31$684,893$615,978$596,464$719,365
32$702,197$593,606$563,890$723,186
33$719,610$568,482$528,570$726,113
34$737,092$540,419$490,359$728,056
35$754,596$509,220$449,106$728,913
36$772,068$474,675$404,654$728,576
37$789,448$436,563$356,839$726,930
38$806,667$394,651$305,489$723,846
39$823,649$348,690$250,425$719,187
40$840,307$298,421$191,459$712,804
41$856,541$243,567$128,396$704,535
42$872,243$183,836$61,032$694,206
43$887,289$118,922$0$681,626
44$901,541$48,498$0$667,632
45$914,845$0$0$657,280
46$927,029$0$0$652,124
47$937,900$0$0$659,333
48$947,243$0$0$665,410
49$954,820$0$0$670,180
50$960,365$0$0$673,448
51$963,583$0$0$674,999
52$964,144$0$0$674,594
53$961,685$0$0$671,966
54$955,799$0$0$666,819
55$946,038$0$0$658,826
56$931,902$0$0$647,624
57$912,840$0$0$632,810
58$888,239$0$0$613,937
59$857,421$0$0$590,511
60$819,634$0$0$561,985
61$774,049$0$0$527,754
62$719,744$0$0$487,147
63$655,702$0$0$439,424
64$580,798$0$0$383,764
65$493,788$0$0$319,262
66$393,295$0$0$244,915
67$277,801$0$0$159,618
68$145,624$0$0$62,147
69$0$0$0$0
70$0$0$0$0
71$0$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0