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%11%
1 years$49,960$49,515$49,081$48,657$48,244$48,040
2 years$24,733$24,272$23,826$23,393$22,973$22,768
3 years$16,325$15,862$15,417$14,988$14,575$14,374
4 years$12,122$11,660$11,220$10,798$10,395$10,200
5 years$9,600$9,142$8,707$8,294$7,902$7,714
6 years$7,920$7,465$7,036$6,633$6,253$6,071
7 years$6,720$6,269$5,847$5,453$5,085$4,910
8 years$5,821$5,374$4,959$4,575$4,219$4,051
9 years$5,122$4,679$4,271$3,896$3,553$3,392
10 years$4,563$4,124$3,724$3,359$3,027$2,873
11 years$4,106$3,672$3,278$2,923$2,603$2,456
12 years$3,725$3,295$2,909$2,564$2,256$2,115
13 years$3,403$2,978$2,599$2,264$1,967$1,833
14 years$3,128$2,707$2,336$2,009$1,725$1,596
15 years$2,889$2,473$2,109$1,792$1,518$1,396
16 years$2,680$2,269$1,912$1,605$1,342$1,226
17 years$2,497$2,089$1,740$1,442$1,190$1,080
18 years$2,333$1,931$1,588$1,299$1,058$953
19 years$2,187$1,789$1,454$1,174$943$844
20 years$2,056$1,663$1,334$1,063$842$748
21 years$1,938$1,549$1,227$965$754$665
22 years$1,830$1,446$1,131$877$676$592
23 years$1,732$1,352$1,044$799$607$527
24 years$1,642$1,267$966$729$545$470
25 years$1,560$1,189$895$666$491$420
26 years$1,484$1,117$830$609$442$375
27 years$1,414$1,052$770$557$398$336
28 years$1,348$991$716$510$359$301
29 years$1,288$935$667$468$325$269
30 years$1,232$883$621$430$293$241
31 years$1,179$835$579$394$265$216
32 years$1,130$790$540$363$240$194
33 years$1,083$748$504$333$217$174
34 years$1,040$709$471$307$197$157
35 years$999$672$440$282$178$141
36 years$961$638$412$260$161$126
37 years$925$606$386$240$146$114
38 years$890$576$361$221$133$102
39 years$858$548$338$204$120$92
40 years$827$521$317$188$109$83
41 years$798$496$297$173$99$74
42 years$770$472$279$160$90$67
43 years$744$450$262$148$81$60
44 years$719$429$246$136$74$54
45 years$695$409$231$126$67$49
46 years$672$390$217$116$61$44
47 years$650$372$204$107$55$39
48 years$630$356$191$99$50$36
49 years$610$340$180$92$46$32
50 years$591$324$169$85$41$29

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $605,000, adding $3,508 every year, while hoping to spend $53,510 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: 61/11/28 Blend
29$605,000$605,000$605,000$605,000
30$670,329$638,264$628,886$705,966
31$681,768$612,604$593,019$704,978
32$692,580$583,894$554,158$697,826
33$702,646$551,927$512,145$688,888
34$711,830$516,486$466,816$678,002
35$719,983$477,340$418,000$664,990
36$726,937$434,245$365,519$649,661
37$732,506$386,944$309,185$631,806
38$736,482$335,166$248,804$611,198
39$738,636$278,622$184,172$587,590
40$738,712$217,009$115,076$560,713
41$736,424$150,006$41,294$530,275
42$731,457$77,274$0$495,958
43$723,461$0$0$468,602
44$712,047$0$0$450,724
45$696,786$0$0$439,584
46$677,199$0$0$425,510
47$652,758$0$0$408,145
48$622,878$0$0$387,093
49$586,913$0$0$361,921
50$544,145$0$0$332,144
51$493,781$0$0$297,229
52$434,945$0$0$256,585
53$366,669$0$0$209,561
54$287,880$0$0$155,434
55$197,394$0$0$93,408
56$93,904$0$0$22,603
57$0$0$0$0
58$0$0$0$0
59$0$0$0$0
60$0$0$0$0
61$0$0$0$0
62$0$0$0$0
63$0$0$0$0
64$0$0$0$0
65$0$0$0$0
66$0$0$0$0
67$0$0$0$0
68$0$0$0$0
69$0$0$0$0
70$0$0$0$0
71$0$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0