Can I retire at age 30 with 606,000?

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 $606,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$50,043$49,597$49,162$48,738$48,323$47,060
2 years$24,774$24,312$23,865$23,432$23,011$21,747
3 years$16,352$15,888$15,442$15,013$14,599$13,373
4 years$12,142$11,680$11,238$10,816$10,412$9,235
5 years$9,616$9,157$8,721$8,308$7,915$6,789
6 years$7,933$7,477$7,048$6,644$6,263$5,189
7 years$6,731$6,279$5,857$5,462$5,094$4,072
8 years$5,830$5,383$4,967$4,582$4,226$3,257
9 years$5,130$4,687$4,278$3,903$3,559$2,641
10 years$4,570$4,131$3,730$3,364$3,032$2,164
11 years$4,112$3,678$3,284$2,928$2,608$1,789
12 years$3,731$3,301$2,914$2,568$2,260$1,488
13 years$3,409$2,983$2,604$2,267$1,971$1,245
14 years$3,133$2,711$2,339$2,013$1,727$1,046
15 years$2,894$2,477$2,112$1,795$1,521$881
16 years$2,685$2,273$1,915$1,607$1,344$745
17 years$2,501$2,093$1,743$1,444$1,192$632
18 years$2,337$1,934$1,591$1,301$1,060$536
19 years$2,191$1,792$1,456$1,176$945$456
20 years$2,060$1,666$1,336$1,065$844$389
21 years$1,941$1,551$1,229$967$755$332
22 years$1,833$1,448$1,133$879$677$283
23 years$1,735$1,354$1,046$800$608$242
24 years$1,645$1,269$967$730$546$207
25 years$1,562$1,191$896$667$491$177
26 years$1,486$1,119$831$610$443$152
27 years$1,416$1,053$772$558$399$130
28 years$1,351$993$717$511$360$111
29 years$1,290$936$668$469$325$96
30 years$1,234$884$622$430$294$82
31 years$1,181$836$580$395$266$70
32 years$1,132$791$541$363$240$60
33 years$1,085$749$505$334$217$52
34 years$1,042$710$472$307$197$44
35 years$1,001$673$441$283$178$38
36 years$962$639$413$260$162$33
37 years$926$607$386$240$146$28
38 years$892$577$362$221$133$24
39 years$859$549$339$204$120$21
40 years$828$522$318$188$109$18
41 years$799$497$298$174$99$15
42 years$772$473$279$160$90$13
43 years$745$451$262$148$82$11
44 years$720$430$246$137$74$10
45 years$696$410$231$126$67$8
46 years$673$391$217$116$61$7
47 years$651$373$204$108$55$6
48 years$631$356$192$99$50$5
49 years$611$340$180$92$46$5
50 years$592$325$169$85$42$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $606,000, adding $5,105 every year, while hoping to spend $32,135 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: 63/7/30 Blend
29$606,000$606,000$606,000$606,000
30$673,078$640,960$631,567$709,765
31$707,540$638,175$618,533$732,512
32$744,441$634,178$603,985$753,411
33$783,995$628,873$587,839$775,562
34$826,437$622,162$570,007$799,095
35$872,026$613,941$550,395$824,153
36$921,046$604,097$528,906$850,896
37$973,808$592,514$505,440$879,498
38$1,030,655$579,065$479,891$910,156
39$1,091,962$563,620$452,147$943,087
40$1,158,142$546,037$422,094$978,531
41$1,229,649$526,169$389,610$1,016,756
42$1,306,980$503,859$354,570$1,058,055
43$1,390,685$478,940$316,840$1,102,758
44$1,481,364$451,238$276,284$1,151,226
45$1,579,681$420,567$232,758$1,203,862
46$1,686,364$386,730$186,110$1,261,109
47$1,802,214$349,520$136,185$1,323,460
48$1,928,111$308,718$82,819$1,391,461
49$2,065,025$264,091$25,840$1,465,713
50$2,214,022$215,396$0$1,546,885
51$2,376,275$162,373$0$1,646,906
52$2,553,075$104,750$0$1,764,955
53$2,745,843$42,237$0$1,893,715
54$2,956,142$0$0$2,034,251
55$3,185,694$0$0$2,189,695
56$3,436,393$0$0$2,363,052
57$3,710,325$0$0$2,552,517
58$4,009,786$0$0$2,759,683
59$4,337,303$0$0$2,986,304
60$4,695,661$0$0$3,234,313
61$5,087,923$0$0$3,505,835
62$5,517,466$0$0$3,803,215
63$5,988,004$0$0$4,129,030
64$6,503,632$0$0$4,486,121
65$7,068,857$0$0$4,877,618
66$7,688,644$0$0$5,306,965
67$8,368,459$0$0$5,777,959
68$9,114,326$0$0$6,294,779
69$9,932,879$0$0$6,862,030
70$10,831,424$0$0$7,484,784
71$11,818,011$0$0$8,168,628
72$12,901,506$0$0$8,919,717
73$14,091,675$0$0$9,744,829
74$15,399,280$0$0$10,651,436
75$16,836,174$0$0$11,647,764
76$18,415,415$0$0$12,742,879
77$20,151,390$0$0$13,946,768
78$22,059,949$0$0$15,270,432
79$24,158,555$0$0$16,725,996
80$26,466,445$0$0$18,326,813
81$29,004,818$0$0$20,087,598
82$31,797,026$0$0$22,024,564
83$34,868,802$0$0$24,155,574
84$38,248,496$0$0$26,500,308
85$41,967,346$0$0$29,080,453
86$46,059,769$0$0$31,919,901
87$50,563,691$0$0$35,044,981
88$55,520,896$0$0$38,484,700
89$60,977,426$0$0$42,271,022
90$66,984,015$0$0$46,439,166
91$73,596,562$0$0$51,027,941
92$80,876,665$0$0$56,080,108
93$88,892,197$0$0$61,642,787
94$97,717,945$0$0$67,767,899
95$107,436,319$0$0$74,512,654
96$118,138,129$0$0$81,940,096
97$129,923,438$0$0$90,119,692
98$142,902,507$0$0$99,127,991
99$157,196,838$0$0$109,049,343
100$172,940,317$0$0$119,976,697