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%13.7%
1 years$49,878$49,433$49,000$48,577$48,164$47,424
2 years$24,692$24,232$23,786$23,354$22,935$22,192
3 years$16,298$15,836$15,391$14,963$14,551$13,827
4 years$12,102$11,641$11,201$10,780$10,378$9,679
5 years$9,584$9,127$8,692$8,280$7,889$7,217
6 years$7,907$7,453$7,025$6,622$6,242$5,598
7 years$6,709$6,259$5,838$5,444$5,077$4,461
8 years$5,811$5,365$4,951$4,567$4,212$3,623
9 years$5,113$4,671$4,264$3,890$3,547$2,986
10 years$4,555$4,117$3,718$3,353$3,022$2,489
11 years$4,099$3,665$3,273$2,918$2,599$2,092
12 years$3,719$3,290$2,905$2,560$2,252$1,771
13 years$3,398$2,973$2,595$2,260$1,964$1,508
14 years$3,122$2,702$2,332$2,006$1,722$1,291
15 years$2,884$2,469$2,105$1,789$1,516$1,108
16 years$2,676$2,265$1,909$1,602$1,340$955
17 years$2,492$2,086$1,737$1,439$1,188$826
18 years$2,329$1,928$1,585$1,297$1,056$715
19 years$2,184$1,786$1,451$1,172$941$621
20 years$2,053$1,660$1,332$1,062$841$540
21 years$1,934$1,546$1,225$963$753$470
22 years$1,827$1,443$1,129$876$675$410
23 years$1,729$1,350$1,043$798$606$358
24 years$1,640$1,265$964$728$544$313
25 years$1,557$1,187$893$664$490$273
26 years$1,481$1,116$828$608$441$239
27 years$1,411$1,050$769$556$398$209
28 years$1,346$989$715$510$359$183
29 years$1,286$933$665$467$324$161
30 years$1,229$881$620$429$293$141
31 years$1,177$833$578$394$265$124
32 years$1,128$788$539$362$239$109
33 years$1,082$747$503$333$217$95
34 years$1,038$708$470$306$196$84
35 years$998$671$440$282$178$73
36 years$959$637$411$260$161$65
37 years$923$605$385$239$146$57
38 years$889$575$361$220$132$50
39 years$856$547$338$203$120$44
40 years$826$520$317$188$109$38
41 years$797$495$297$173$99$34
42 years$769$472$278$160$90$30
43 years$743$449$261$147$81$26
44 years$718$428$245$136$74$23
45 years$694$408$230$126$67$20
46 years$671$390$216$116$61$18
47 years$649$372$203$107$55$16
48 years$629$355$191$99$50$14
49 years$609$339$180$92$46$12
50 years$590$324$169$85$41$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $604,000, adding $3,932 every year, while hoping to spend $24,231 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: 54/24/22 Blend
29$604,000$604,000$604,000$604,000
30$669,664$637,652$628,290$701,592
31$712,188$643,115$623,556$729,411
32$758,237$648,034$617,851$756,815
33$808,146$652,356$611,118$786,134
34$862,282$656,026$603,295$817,559
35$921,048$658,985$594,318$851,299
36$984,888$661,169$584,122$887,589
37$1,054,292$662,512$572,635$926,687
38$1,129,797$662,942$559,786$968,878
39$1,211,995$662,384$545,497$1,014,477
40$1,301,536$660,758$529,689$1,063,835
41$1,399,136$657,979$512,277$1,117,336
42$1,505,584$653,957$493,175$1,175,408
43$1,621,748$648,595$472,290$1,238,520
44$1,748,582$641,792$449,527$1,307,196
45$1,887,138$633,440$424,787$1,382,010
46$2,038,573$623,425$397,964$1,463,599
47$2,204,160$611,626$368,949$1,552,665
48$2,385,304$597,916$337,629$1,649,986
49$2,583,549$582,157$303,883$1,756,420
50$2,800,595$564,207$267,587$1,872,913
51$3,038,317$543,914$228,612$2,000,514
52$3,298,775$521,116$186,821$2,140,378
53$3,584,243$495,643$142,072$2,293,783
54$3,897,222$467,316$94,217$2,462,137
55$4,240,467$435,943$43,102$2,646,997
56$4,617,013$401,323$0$2,850,084
57$5,030,204$363,243$0$3,075,980
58$5,483,722$321,479$0$3,335,066
59$5,981,622$275,792$0$3,619,567
60$6,528,372$225,930$0$3,932,078
61$7,128,895$171,630$0$4,275,460
62$7,788,612$112,609$0$4,652,870
63$8,513,496$48,573$0$5,067,787
64$9,310,127$0$0$5,524,047
65$10,185,755$0$0$6,031,373
66$11,148,365$0$0$6,603,259
67$12,206,757$0$0$7,232,113
68$13,370,624$0$0$7,923,703
69$14,650,648$0$0$8,684,383
70$16,058,595$0$0$9,521,156
71$17,607,430$0$0$10,441,735
72$19,311,439$0$0$11,454,619
73$21,186,360$0$0$12,569,174
74$23,249,536$0$0$13,795,719
75$25,520,073$0$0$15,145,623
76$28,019,027$0$0$16,631,413
77$30,769,595$0$0$18,266,893
78$33,797,338$0$0$20,067,273
79$37,130,423$0$0$22,049,312
80$40,799,883$0$0$24,231,478
81$44,839,917$0$0$26,634,118
82$49,288,205$0$0$29,279,655
83$54,186,269$0$0$32,192,795
84$59,579,861$0$0$35,400,764
85$65,519,397$0$0$38,933,562
86$72,060,431$0$0$42,824,245
87$79,264,180$0$0$47,109,242
88$87,198,099$0$0$51,828,691
89$95,936,520$0$0$57,026,824
90$105,561,353$0$0$62,752,382
91$116,162,857$0$0$69,059,076
92$127,840,493$0$0$76,006,090
93$140,703,863$0$0$83,658,643
94$154,873,741$0$0$92,088,604
95$170,483,216$0$0$101,375,170
96$187,678,946$0$0$111,605,612
97$206,622,544$0$0$122,876,099
98$227,492,100$0$0$135,292,608
99$250,483,863$0$0$148,971,920
100$275,814,095$0$0$164,042,725