Can I retire at age 30 with 604,000?

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 $604,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$49,878$49,433$49,000$48,577$48,164$47,601
2 years$24,692$24,232$23,786$23,354$22,935$22,369
3 years$16,298$15,836$15,391$14,963$14,551$13,999
4 years$12,102$11,641$11,201$10,780$10,378$9,844
5 years$9,584$9,127$8,692$8,280$7,889$7,375
6 years$7,907$7,453$7,025$6,622$6,242$5,748
7 years$6,709$6,259$5,838$5,444$5,077$4,603
8 years$5,811$5,365$4,951$4,567$4,212$3,759
9 years$5,113$4,671$4,264$3,890$3,547$3,114
10 years$4,555$4,117$3,718$3,353$3,022$2,609
11 years$4,099$3,665$3,273$2,918$2,599$2,206
12 years$3,719$3,290$2,905$2,560$2,252$1,879
13 years$3,398$2,973$2,595$2,260$1,964$1,609
14 years$3,122$2,702$2,332$2,006$1,722$1,385
15 years$2,884$2,469$2,105$1,789$1,516$1,197
16 years$2,676$2,265$1,909$1,602$1,340$1,038
17 years$2,492$2,086$1,737$1,439$1,188$903
18 years$2,329$1,928$1,585$1,297$1,056$787
19 years$2,184$1,786$1,451$1,172$941$688
20 years$2,053$1,660$1,332$1,062$841$602
21 years$1,934$1,546$1,225$963$753$528
22 years$1,827$1,443$1,129$876$675$463
23 years$1,729$1,350$1,043$798$606$407
24 years$1,640$1,265$964$728$544$358
25 years$1,557$1,187$893$664$490$316
26 years$1,481$1,116$828$608$441$278
27 years$1,411$1,050$769$556$398$245
28 years$1,346$989$715$510$359$216
29 years$1,286$933$665$467$324$191
30 years$1,229$881$620$429$293$169
31 years$1,177$833$578$394$265$149
32 years$1,128$788$539$362$239$132
33 years$1,082$747$503$333$217$117
34 years$1,038$708$470$306$196$103
35 years$998$671$440$282$178$91
36 years$959$637$411$260$161$81
37 years$923$605$385$239$146$72
38 years$889$575$361$220$132$63
39 years$856$547$338$203$120$56
40 years$826$520$317$188$109$50
41 years$797$495$297$173$99$44
42 years$769$472$278$160$90$39
43 years$743$449$261$147$81$35
44 years$718$428$245$136$74$31
45 years$694$408$230$126$67$27
46 years$671$390$216$116$61$24
47 years$649$372$203$107$55$21
48 years$629$355$191$99$50$19
49 years$609$339$180$92$46$17
50 years$590$324$169$85$41$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $604,000, adding $6,156 every year, while hoping to spend $41,032 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: 85/8/7 Blend
29$604,000$604,000$604,000$604,000
30$671,958$639,946$630,584$728,157
31$696,840$627,646$608,051$753,450
32$722,885$613,367$583,387$774,991
33$750,167$596,971$556,479$797,356
34$778,770$578,308$527,207$820,600
35$808,780$557,221$495,444$844,784
36$840,295$533,544$461,061$869,974
37$873,418$507,100$423,920$896,244
38$908,264$477,705$383,878$923,674
39$944,955$445,161$340,786$952,353
40$983,626$409,259$294,487$982,377
41$1,024,423$369,780$244,820$1,013,855
42$1,067,506$326,492$191,614$1,046,904
43$1,113,050$279,148$134,691$1,081,653
44$1,161,244$227,489$73,866$1,118,246
45$1,212,295$171,241$8,945$1,156,840
46$1,266,431$110,113$0$1,197,609
47$1,323,899$43,800$0$1,245,250
48$1,384,969$0$0$1,296,475
49$1,449,939$0$0$1,353,329
50$1,519,133$0$0$1,417,990
51$1,592,905$0$0$1,486,935
52$1,671,645$0$0$1,560,529
53$1,755,778$0$0$1,639,170
54$1,845,773$0$0$1,723,295
55$1,942,140$0$0$1,813,385
56$2,045,442$0$0$1,909,965
57$2,156,294$0$0$2,013,611
58$2,275,374$0$0$2,124,958
59$2,403,422$0$0$2,244,700
60$2,541,254$0$0$2,373,599
61$2,689,764$0$0$2,512,495
62$2,849,936$0$0$2,662,307
63$3,022,848$0$0$2,824,046
64$3,209,687$0$0$2,998,823
65$3,411,756$0$0$3,187,859
66$3,630,489$0$0$3,392,497
67$3,867,461$0$0$3,614,211
68$4,124,404$0$0$3,854,623
69$4,403,223$0$0$4,115,519
70$4,706,012$0$0$4,398,859
71$5,035,077$0$0$4,706,801
72$5,392,951$0$0$5,041,721
73$5,782,423$0$0$5,406,229
74$6,206,562$0$0$5,803,200
75$6,668,745$0$0$6,235,796
76$7,172,688$0$0$6,707,499
77$7,722,480$0$0$7,222,138
78$8,322,624$0$0$7,783,930
79$8,978,075$0$0$8,397,517
80$9,694,288$0$0$9,068,008
81$10,477,268$0$0$9,801,028
82$11,333,629$0$0$10,602,771
83$12,270,651$0$0$11,480,055
84$13,296,350$0$0$12,440,391
85$14,419,554$0$0$13,492,046
86$15,649,985$0$0$14,644,126
87$16,998,348$0$0$15,906,658
88$18,476,434$0$0$17,290,687
89$20,097,229$0$0$18,808,376
90$21,875,036$0$0$20,473,121
91$23,825,607$0$0$22,299,679
92$25,966,295$0$0$24,304,302
93$28,316,214$0$0$26,504,893
94$30,896,416$0$0$28,921,173
95$33,730,096$0$0$31,574,867
96$36,842,802$0$0$34,489,905
97$40,262,679$0$0$37,692,650
98$44,020,734$0$0$41,212,146
99$48,151,125$0$0$45,080,388
100$52,691,485$0$0$49,332,626