Can I retire at age 30 with 605,000?

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 $605,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$49,960$49,515$49,081$48,657$48,244$47,386
2 years$24,733$24,272$23,826$23,393$22,973$22,112
3 years$16,325$15,862$15,417$14,988$14,575$13,737
4 years$12,122$11,660$11,220$10,798$10,395$9,587
5 years$9,600$9,142$8,707$8,294$7,902$7,126
6 years$7,920$7,465$7,036$6,633$6,253$5,510
7 years$6,720$6,269$5,847$5,453$5,085$4,375
8 years$5,821$5,374$4,959$4,575$4,219$3,542
9 years$5,122$4,679$4,271$3,896$3,553$2,908
10 years$4,563$4,124$3,724$3,359$3,027$2,415
11 years$4,106$3,672$3,278$2,923$2,603$2,023
12 years$3,725$3,295$2,909$2,564$2,256$1,706
13 years$3,403$2,978$2,599$2,264$1,967$1,447
14 years$3,128$2,707$2,336$2,009$1,725$1,233
15 years$2,889$2,473$2,109$1,792$1,518$1,055
16 years$2,680$2,269$1,912$1,605$1,342$905
17 years$2,497$2,089$1,740$1,442$1,190$779
18 years$2,333$1,931$1,588$1,299$1,058$672
19 years$2,187$1,789$1,454$1,174$943$581
20 years$2,056$1,663$1,334$1,063$842$502
21 years$1,938$1,549$1,227$965$754$436
22 years$1,830$1,446$1,131$877$676$378
23 years$1,732$1,352$1,044$799$607$328
24 years$1,642$1,267$966$729$545$286
25 years$1,560$1,189$895$666$491$249
26 years$1,484$1,117$830$609$442$216
27 years$1,414$1,052$770$557$398$189
28 years$1,348$991$716$510$359$164
29 years$1,288$935$667$468$325$143
30 years$1,232$883$621$430$293$125
31 years$1,179$835$579$394$265$109
32 years$1,130$790$540$363$240$95
33 years$1,083$748$504$333$217$83
34 years$1,040$709$471$307$197$73
35 years$999$672$440$282$178$64
36 years$961$638$412$260$161$56
37 years$925$606$386$240$146$49
38 years$890$576$361$221$133$42
39 years$858$548$338$204$120$37
40 years$827$521$317$188$109$32
41 years$798$496$297$173$99$28
42 years$770$472$279$160$90$25
43 years$744$450$262$148$81$22
44 years$719$429$246$136$74$19
45 years$695$409$231$126$67$17
46 years$672$390$217$116$61$15
47 years$650$372$204$107$55$13
48 years$630$356$191$99$50$11
49 years$610$340$180$92$46$10
50 years$591$324$169$85$41$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $605,000, adding $5,919 every year, while hoping to spend $38,159 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: 44/27/29 Blend
29$605,000$605,000$605,000$605,000
30$672,815$640,750$631,373$696,532
31$700,842$631,546$611,923$704,853
32$730,448$620,612$590,543$709,791
33$761,754$607,823$567,127$714,420
34$794,894$593,047$541,566$718,734
35$830,009$576,143$513,745$722,730
36$867,259$556,962$483,544$726,406
37$906,815$535,349$450,838$729,763
38$948,865$511,136$415,496$732,806
39$993,615$484,147$377,381$735,545
40$1,041,290$454,197$336,350$737,992
41$1,092,137$421,089$292,253$740,168
42$1,146,427$384,614$244,936$742,098
43$1,204,456$344,553$194,234$743,815
44$1,266,548$300,674$139,979$745,359
45$1,333,060$252,730$81,991$746,780
46$1,404,381$200,463$20,087$748,139
47$1,480,940$143,599$0$749,508
48$1,563,208$81,847$0$765,199
49$1,651,701$14,903$0$788,644
50$1,746,984$0$0$813,804
51$1,849,681$0$0$857,984
52$1,960,476$0$0$910,481
53$2,080,118$0$0$967,230
54$2,209,433$0$0$1,028,629
55$2,349,328$0$0$1,095,117
56$2,500,801$0$0$1,167,176
57$2,664,947$0$0$1,245,336
58$2,842,971$0$0$1,330,181
59$3,036,199$0$0$1,422,352
60$3,246,088$0$0$1,522,553
61$3,474,242$0$0$1,631,561
62$3,722,426$0$0$1,750,229
63$3,992,578$0$0$1,879,498
64$4,286,837$0$0$2,020,401
65$4,607,550$0$0$2,174,075
66$4,957,305$0$0$2,341,773
67$5,338,949$0$0$2,524,874
68$5,755,614$0$0$2,724,894
69$6,210,749$0$0$2,943,505
70$6,708,153$0$0$3,182,545
71$7,252,005$0$0$3,444,040
72$7,846,907$0$0$3,730,218
73$8,497,929$0$0$4,043,536
74$9,210,649$0$0$4,386,696
75$9,991,215$0$0$4,762,677
76$10,846,391$0$0$5,174,756
77$11,783,632$0$0$5,626,546
78$12,811,146$0$0$6,122,023
79$13,937,971$0$0$6,665,568
80$15,174,066$0$0$7,262,006
81$16,530,396$0$0$7,916,652
82$18,019,042$0$0$8,635,361
83$19,653,311$0$0$9,424,581
84$21,447,859$0$0$10,291,416
85$23,418,833$0$0$11,243,693
86$25,584,020$0$0$12,290,033
87$27,963,015$0$0$13,439,933
88$30,577,404$0$0$14,703,856
89$33,450,969$0$0$16,093,331
90$36,609,910$0$0$17,621,058
91$40,083,091$0$0$19,301,028
92$43,902,315$0$0$21,148,657
93$48,102,618$0$0$23,180,931
94$52,722,603$0$0$25,416,563
95$57,804,802$0$0$27,876,171
96$63,396,077$0$0$30,582,474
97$69,548,061$0$0$33,560,502
98$76,317,643$0$0$36,837,835
99$83,767,507$0$0$40,444,862
100$91,966,718$0$0$44,415,068