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%16%
1 years$49,795$49,352$48,919$48,497$48,084$46,903
2 years$24,651$24,192$23,747$23,316$22,897$21,714
3 years$16,271$15,810$15,366$14,939$14,527$13,379
4 years$12,081$11,622$11,182$10,762$10,361$9,257
5 years$9,569$9,112$8,678$8,267$7,876$6,820
6 years$7,894$7,440$7,013$6,611$6,232$5,224
7 years$6,698$6,248$5,828$5,435$5,068$4,109
8 years$5,802$5,356$4,943$4,559$4,205$3,294
9 years$5,105$4,663$4,257$3,884$3,541$2,677
10 years$4,548$4,111$3,711$3,348$3,017$2,200
11 years$4,092$3,659$3,267$2,913$2,595$1,823
12 years$3,713$3,284$2,900$2,556$2,249$1,520
13 years$3,392$2,968$2,591$2,256$1,961$1,275
14 years$3,117$2,698$2,328$2,003$1,719$1,074
15 years$2,879$2,465$2,102$1,786$1,513$908
16 years$2,672$2,261$1,905$1,599$1,338$770
17 years$2,488$2,083$1,734$1,437$1,186$654
18 years$2,326$1,924$1,583$1,295$1,054$557
19 years$2,180$1,783$1,449$1,170$940$476
20 years$2,049$1,657$1,330$1,060$840$407
21 years$1,931$1,544$1,223$962$751$348
22 years$1,824$1,441$1,127$874$673$298
23 years$1,726$1,348$1,041$796$605$255
24 years$1,637$1,263$963$726$543$219
25 years$1,555$1,185$892$663$489$188
26 years$1,479$1,114$827$607$440$162
27 years$1,409$1,048$768$555$397$139
28 years$1,344$988$714$509$358$119
29 years$1,284$932$664$466$324$103
30 years$1,227$880$619$428$292$88
31 years$1,175$832$577$393$264$76
32 years$1,126$787$538$361$239$66
33 years$1,080$745$503$332$216$56
34 years$1,037$706$470$306$196$49
35 years$996$670$439$281$177$42
36 years$958$636$411$259$161$36
37 years$922$604$384$239$146$31
38 years$887$574$360$220$132$27
39 years$855$546$337$203$120$23
40 years$824$519$316$187$109$20
41 years$795$494$296$173$99$17
42 years$768$471$278$159$89$15
43 years$741$449$261$147$81$13
44 years$716$428$245$136$74$11
45 years$693$408$230$125$67$9
46 years$670$389$216$116$61$8
47 years$648$371$203$107$55$7
48 years$628$354$191$99$50$6
49 years$608$338$179$91$45$5
50 years$589$323$168$85$41$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $603,000, adding $6,569 every year, while hoping to spend $25,517 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: 35/48/17 Blend
29$603,000$603,000$603,000$603,000
30$671,282$639,323$629,976$691,069
31$712,603$643,500$623,931$710,250
32$757,283$647,026$616,827$728,066
33$805,639$649,843$608,604$746,748
34$858,017$651,888$599,195$766,386
35$914,799$653,095$588,532$787,082
36$976,404$653,393$576,544$808,949
37$1,043,295$652,706$563,155$832,116
38$1,115,978$650,956$548,288$856,723
39$1,195,012$648,057$531,860$882,930
40$1,281,012$643,921$513,786$910,913
41$1,374,653$638,451$493,976$940,869
42$1,476,679$631,547$472,336$973,018
43$1,587,910$623,101$448,768$1,007,604
44$1,709,244$613,001$423,170$1,044,900
45$1,841,675$601,127$395,434$1,085,210
46$1,986,294$587,350$365,449$1,128,870
47$2,144,302$571,536$333,098$1,176,255
48$2,317,022$553,542$298,258$1,227,784
49$2,505,911$533,218$260,802$1,283,918
50$2,712,572$510,404$220,596$1,345,172
51$2,938,770$484,930$177,503$1,412,119
52$3,186,451$456,617$131,375$1,485,392
53$3,457,754$425,277$82,061$1,565,696
54$3,755,038$390,709$29,404$1,653,811
55$4,080,901$352,702$0$1,750,604
56$4,438,200$311,032$0$1,861,894
57$4,830,088$265,464$0$1,989,895
58$5,260,032$215,747$0$2,130,479
59$5,731,855$161,618$0$2,284,987
60$6,249,766$102,799$0$2,454,903
61$6,818,402$38,996$0$2,641,867
62$7,442,869$0$0$2,847,691
63$8,128,796$0$0$3,090,282
64$8,882,380$0$0$3,379,522
65$9,710,450$0$0$3,697,446
66$10,620,528$0$0$4,046,955
67$11,620,901$0$0$4,431,244
68$12,720,701$0$0$4,853,832
69$13,929,986$0$0$5,318,598
70$15,259,839$0$0$5,829,815
71$16,722,470$0$0$6,392,191
72$18,331,333$0$0$7,010,913
73$20,101,250$0$0$7,691,696
74$22,048,552$0$0$8,440,838
75$24,191,233$0$0$9,265,276
76$26,549,120$0$0$10,172,657
77$29,144,059$0$0$11,171,404
78$32,000,120$0$0$12,270,799
79$35,143,825$0$0$13,481,069
80$38,604,399$0$0$14,813,484
81$42,414,042$0$0$16,280,462
82$46,608,236$0$0$17,895,686
83$51,226,079$0$0$19,674,233
84$56,310,651$0$0$21,632,717
85$61,909,425$0$0$23,789,445
86$68,074,709$0$0$26,164,591
87$74,864,143$0$0$28,780,384
88$82,341,243$0$0$31,661,317
89$90,575,997$0$0$34,834,384
90$99,645,528$0$0$38,329,328
91$109,634,821$0$0$42,178,924
92$120,637,524$0$0$46,419,289
93$132,756,830$0$0$51,090,221
94$146,106,456$0$0$56,235,578
95$160,811,709$0$0$61,903,687
96$177,010,673$0$0$68,147,804
97$194,855,511$0$0$75,026,614
98$214,513,900$0$0$82,604,786
99$236,170,612$0$0$90,953,583
100$260,029,263$0$0$100,151,536