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%19.7%
1 years$49,878$49,433$49,000$48,577$48,164$46,289
2 years$24,692$24,232$23,786$23,354$22,935$21,069
3 years$16,298$15,836$15,391$14,963$14,551$12,753
4 years$12,102$11,641$11,201$10,780$10,378$8,661
5 years$9,584$9,127$8,692$8,280$7,889$6,257
6 years$7,907$7,453$7,025$6,622$6,242$4,697
7 years$6,709$6,259$5,838$5,444$5,077$3,617
8 years$5,811$5,365$4,951$4,567$4,212$2,837
9 years$5,113$4,671$4,264$3,890$3,547$2,254
10 years$4,555$4,117$3,718$3,353$3,022$1,810
11 years$4,099$3,665$3,273$2,918$2,599$1,464
12 years$3,719$3,290$2,905$2,560$2,252$1,192
13 years$3,398$2,973$2,595$2,260$1,964$975
14 years$3,122$2,702$2,332$2,006$1,722$800
15 years$2,884$2,469$2,105$1,789$1,516$659
16 years$2,676$2,265$1,909$1,602$1,340$544
17 years$2,492$2,086$1,737$1,439$1,188$450
18 years$2,329$1,928$1,585$1,297$1,056$373
19 years$2,184$1,786$1,451$1,172$941$309
20 years$2,053$1,660$1,332$1,062$841$257
21 years$1,934$1,546$1,225$963$753$214
22 years$1,827$1,443$1,129$876$675$178
23 years$1,729$1,350$1,043$798$606$148
24 years$1,640$1,265$964$728$544$123
25 years$1,557$1,187$893$664$490$103
26 years$1,481$1,116$828$608$441$86
27 years$1,411$1,050$769$556$398$72
28 years$1,346$989$715$510$359$60
29 years$1,286$933$665$467$324$50
30 years$1,229$881$620$429$293$42
31 years$1,177$833$578$394$265$35
32 years$1,128$788$539$362$239$29
33 years$1,082$747$503$333$217$24
34 years$1,038$708$470$306$196$20
35 years$998$671$440$282$178$17
36 years$959$637$411$260$161$14
37 years$923$605$385$239$146$12
38 years$889$575$361$220$132$10
39 years$856$547$338$203$120$8
40 years$826$520$317$188$109$7
41 years$797$495$297$173$99$6
42 years$769$472$278$160$90$5
43 years$743$449$261$147$81$4
44 years$718$428$245$136$74$3
45 years$694$408$230$126$67$3
46 years$671$390$216$116$61$2
47 years$649$372$203$107$55$2
48 years$629$355$191$99$50$2
49 years$609$339$180$92$46$1
50 years$590$324$169$85$41$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $604,000, adding $5,109 every year, while hoping to spend $35,015 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: 84/5/11 Blend
29$604,000$604,000$604,000$604,000
30$670,878$638,866$629,504$725,608
31$702,052$632,915$613,337$756,219
32$735,232$625,498$595,454$784,619
33$770,586$616,508$575,762$814,747
34$808,297$605,828$554,162$846,754
35$848,567$593,338$530,550$880,810
36$891,616$578,906$504,818$917,099
37$937,685$562,397$476,854$955,826
38$987,040$543,666$446,540$997,214
39$1,039,971$522,558$413,752$1,041,510
40$1,096,797$498,913$378,362$1,088,987
41$1,157,868$472,557$340,234$1,139,945
42$1,223,568$443,309$299,229$1,194,713
43$1,294,318$410,978$255,200$1,253,656
44$1,370,583$375,360$207,993$1,317,174
45$1,452,870$336,240$157,448$1,385,708
46$1,541,738$293,392$103,399$1,459,746
47$1,637,803$246,575$45,670$1,539,825
48$1,741,738$195,537$0$1,626,534
49$1,854,287$140,010$0$1,722,396
50$1,976,265$79,710$0$1,832,101
51$2,108,569$14,341$0$1,951,097
52$2,252,185$0$0$2,080,281
53$2,408,200$0$0$2,223,745
54$2,577,806$0$0$2,380,573
55$2,762,318$0$0$2,551,194
56$2,963,179$0$0$2,736,943
57$3,181,980$0$0$2,939,293
58$3,420,470$0$0$3,159,863
59$3,680,574$0$0$3,400,436
60$3,964,413$0$0$3,662,971
61$4,274,318$0$0$3,949,630
62$4,612,858$0$0$4,262,789
63$4,982,860$0$0$4,605,064
64$5,387,436$0$0$4,979,337
65$5,830,013$0$0$5,388,779
66$6,314,364$0$0$5,836,882
67$6,844,644$0$0$6,327,494
68$7,425,429$0$0$6,864,848
69$8,061,756$0$0$7,453,609
70$8,759,175$0$0$8,098,912
71$9,523,798$0$0$8,806,416
72$10,362,354$0$0$9,582,349
73$11,282,257$0$0$10,433,574
74$12,291,673$0$0$11,367,649
75$13,399,597$0$0$12,392,901
76$14,615,935$0$0$13,518,499
77$15,951,601$0$0$14,754,547
78$17,418,618$0$0$16,112,171
79$19,030,229$0$0$17,603,633
80$20,801,024$0$0$19,242,436
81$22,747,076$0$0$21,043,458
82$24,886,092$0$0$23,023,092
83$27,237,580$0$0$25,199,393
84$29,823,033$0$0$27,592,258
85$32,666,130$0$0$30,223,605
86$35,792,959$0$0$33,117,582
87$39,232,263$0$0$36,300,797
88$43,015,712$0$0$39,802,565
89$47,178,198$0$0$43,655,184
90$51,758,166$0$0$47,894,241
91$56,797,976$0$0$52,558,949
92$62,344,302$0$0$57,692,512
93$68,448,571$0$0$63,342,533
94$75,167,447$0$0$69,561,465
95$82,563,368$0$0$76,407,106
96$90,705,132$0$0$83,943,139
97$99,668,544$0$0$92,239,736
98$109,537,137$0$0$101,374,219
99$120,402,952$0$0$111,431,790
100$132,367,410$0$0$122,506,331