Can I retire at age 30 with 604,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%16.6%
1 years$49,878$49,433$49,000$48,577$48,164$46,866
2 years$24,692$24,232$23,786$23,354$22,935$21,637
3 years$16,298$15,836$15,391$14,963$14,551$13,293
4 years$12,102$11,641$11,201$10,780$10,378$9,170
5 years$9,584$9,127$8,692$8,280$7,889$6,734
6 years$7,907$7,453$7,025$6,622$6,242$5,142
7 years$6,709$6,259$5,838$5,444$5,077$4,031
8 years$5,811$5,365$4,951$4,567$4,212$3,219
9 years$5,113$4,671$4,264$3,890$3,547$2,607
10 years$4,555$4,117$3,718$3,353$3,022$2,134
11 years$4,099$3,665$3,273$2,918$2,599$1,762
12 years$3,719$3,290$2,905$2,560$2,252$1,464
13 years$3,398$2,973$2,595$2,260$1,964$1,223
14 years$3,122$2,702$2,332$2,006$1,722$1,026
15 years$2,884$2,469$2,105$1,789$1,516$863
16 years$2,676$2,265$1,909$1,602$1,340$729
17 years$2,492$2,086$1,737$1,439$1,188$617
18 years$2,329$1,928$1,585$1,297$1,056$523
19 years$2,184$1,786$1,451$1,172$941$444
20 years$2,053$1,660$1,332$1,062$841$378
21 years$1,934$1,546$1,225$963$753$322
22 years$1,827$1,443$1,129$876$675$275
23 years$1,729$1,350$1,043$798$606$234
24 years$1,640$1,265$964$728$544$200
25 years$1,557$1,187$893$664$490$171
26 years$1,481$1,116$828$608$441$146
27 years$1,411$1,050$769$556$398$125
28 years$1,346$989$715$510$359$107
29 years$1,286$933$665$467$324$92
30 years$1,229$881$620$429$293$78
31 years$1,177$833$578$394$265$67
32 years$1,128$788$539$362$239$58
33 years$1,082$747$503$333$217$49
34 years$1,038$708$470$306$196$42
35 years$998$671$440$282$178$36
36 years$959$637$411$260$161$31
37 years$923$605$385$239$146$27
38 years$889$575$361$220$132$23
39 years$856$547$338$203$120$20
40 years$826$520$317$188$109$17
41 years$797$495$297$173$99$14
42 years$769$472$278$160$90$12
43 years$743$449$261$147$81$11
44 years$718$428$245$136$74$9
45 years$694$408$230$126$67$8
46 years$671$390$216$116$61$7
47 years$649$372$203$107$55$6
48 years$629$355$191$99$50$5
49 years$609$339$180$92$46$4
50 years$590$324$169$85$41$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $604,000, adding $6,532 every year, while hoping to spend $31,522 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: 27/49/24 Blend
29$604,000$604,000$604,000$604,000
30$672,346$640,334$630,972$685,292
31$707,386$638,171$618,570$693,931
32$744,944$634,846$604,697$700,018
33$785,242$630,268$589,269$705,894
34$828,528$624,341$572,200$711,560
35$875,068$616,965$553,399$717,022
36$925,160$608,031$532,773$722,289
37$979,128$597,426$510,222$727,376
38$1,037,328$585,029$485,643$732,299
39$1,100,151$570,711$458,929$737,084
40$1,168,029$554,338$429,965$741,761
41$1,241,433$535,766$398,634$746,368
42$1,320,884$514,843$364,813$750,950
43$1,406,953$491,410$328,373$755,564
44$1,500,268$465,295$289,179$760,275
45$1,601,521$436,319$247,092$765,163
46$1,711,470$404,292$201,963$770,318
47$1,830,951$369,014$153,641$775,850
48$1,960,884$330,272$101,964$781,882
49$2,102,281$287,842$46,766$788,559
50$2,256,254$241,486$0$796,047
51$2,424,027$190,955$0$807,645
52$2,606,949$135,983$0$833,445
53$2,806,503$76,291$0$861,756
54$3,024,321$11,584$0$892,912
55$3,262,200$0$0$927,286
56$3,522,119$0$0$996,814
57$3,806,255$0$0$1,079,745
58$4,117,008$0$0$1,170,544
59$4,457,016$0$0$1,269,995
60$4,829,188$0$0$1,378,963
61$5,236,724$0$0$1,498,397
62$5,683,149$0$0$1,629,344
63$6,172,347$0$0$1,772,959
64$6,708,594$0$0$1,930,512
65$7,296,597$0$0$2,103,401
66$7,941,544$0$0$2,293,168
67$8,649,147$0$0$2,501,511
68$9,425,699$0$0$2,730,300
69$10,278,131$0$0$2,981,595
70$11,214,079$0$0$3,257,665
71$12,241,951$0$0$3,561,010
72$13,371,014$0$0$3,894,386
73$14,611,473$0$0$4,260,825
74$15,974,572$0$0$4,663,671
75$17,472,698$0$0$5,106,608
76$19,119,498$0$0$5,593,692
77$20,930,006$0$0$6,129,394
78$22,920,786$0$0$6,718,640
79$25,110,087$0$0$7,366,856
80$27,518,015$0$0$8,080,022
81$30,166,722$0$0$8,864,727
82$33,080,617$0$0$9,728,228
83$36,286,591$0$0$10,678,524
84$39,814,275$0$0$11,724,428
85$43,696,315$0$0$12,875,650
86$47,968,685$0$0$14,142,890
87$52,671,020$0$0$15,537,937
88$57,846,993$0$0$17,073,781
89$63,544,726$0$0$18,764,737
90$69,817,244$0$0$20,626,578
91$76,722,975$0$0$22,676,684
92$84,326,297$0$0$24,934,205
93$92,698,153$0$0$27,420,245
94$101,916,710$0$0$30,158,058
95$112,068,106$0$0$33,173,268
96$123,247,255$0$0$36,494,110
97$135,558,745$0$0$40,151,699
98$149,117,826$0$0$44,180,321
99$164,051,494$0$0$48,617,756
100$180,499,691$0$0$53,505,638