Can I retire at age 30 with 606,000?

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 $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%16.7%
1 years$50,043$49,597$49,162$48,738$48,323$47,003
2 years$24,774$24,312$23,865$23,432$23,011$21,690
3 years$16,352$15,888$15,442$15,013$14,599$13,319
4 years$12,142$11,680$11,238$10,816$10,412$9,183
5 years$9,616$9,157$8,721$8,308$7,915$6,741
6 years$7,933$7,477$7,048$6,644$6,263$5,144
7 years$6,731$6,279$5,857$5,462$5,094$4,030
8 years$5,830$5,383$4,967$4,582$4,226$3,217
9 years$5,130$4,687$4,278$3,903$3,559$2,604
10 years$4,570$4,131$3,730$3,364$3,032$2,130
11 years$4,112$3,678$3,284$2,928$2,608$1,757
12 years$3,731$3,301$2,914$2,568$2,260$1,459
13 years$3,409$2,983$2,604$2,267$1,971$1,218
14 years$3,133$2,711$2,339$2,013$1,727$1,021
15 years$2,894$2,477$2,112$1,795$1,521$859
16 years$2,685$2,273$1,915$1,607$1,344$725
17 years$2,501$2,093$1,743$1,444$1,192$613
18 years$2,337$1,934$1,591$1,301$1,060$519
19 years$2,191$1,792$1,456$1,176$945$441
20 years$2,060$1,666$1,336$1,065$844$375
21 years$1,941$1,551$1,229$967$755$319
22 years$1,833$1,448$1,133$879$677$272
23 years$1,735$1,354$1,046$800$608$232
24 years$1,645$1,269$967$730$546$198
25 years$1,562$1,191$896$667$491$169
26 years$1,486$1,119$831$610$443$144
27 years$1,416$1,053$772$558$399$123
28 years$1,351$993$717$511$360$105
29 years$1,290$936$668$469$325$90
30 years$1,234$884$622$430$294$77
31 years$1,181$836$580$395$266$66
32 years$1,132$791$541$363$240$56
33 years$1,085$749$505$334$217$48
34 years$1,042$710$472$307$197$41
35 years$1,001$673$441$283$178$35
36 years$962$639$413$260$162$30
37 years$926$607$386$240$146$26
38 years$892$577$362$221$133$22
39 years$859$549$339$204$120$19
40 years$828$522$318$188$109$16
41 years$799$497$298$174$99$14
42 years$772$473$279$160$90$12
43 years$745$451$262$148$82$10
44 years$720$430$246$137$74$9
45 years$696$410$231$126$67$8
46 years$673$391$217$116$61$6
47 years$651$373$204$108$55$6
48 years$631$356$192$99$50$5
49 years$611$340$180$92$46$4
50 years$592$325$169$85$42$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $606,000, adding $3,879 every year, while hoping to spend $23,601 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: 70/22/8 Blend
29$606,000$606,000$606,000$606,000
30$671,813$639,695$630,302$717,639
31$715,227$645,929$626,306$754,707
32$762,278$651,677$621,385$791,989
33$813,312$656,891$615,483$832,142
34$868,710$661,519$608,542$875,441
35$928,890$665,505$600,500$922,193
36$994,314$668,792$591,294$972,734
37$1,065,486$671,315$580,855$1,027,434
38$1,142,966$673,010$569,113$1,086,703
39$1,227,366$673,805$555,996$1,150,992
40$1,319,361$673,625$541,425$1,220,796
41$1,419,693$672,390$525,321$1,296,665
42$1,529,181$670,017$507,598$1,379,202
43$1,648,724$666,414$488,170$1,469,075
44$1,779,313$661,487$466,942$1,567,016
45$1,922,038$655,135$443,820$1,673,837
46$2,078,100$647,251$418,702$1,790,431
47$2,248,821$637,721$391,483$1,917,782
48$2,435,656$626,424$362,053$2,056,976
49$2,640,208$613,234$330,297$2,209,212
50$2,864,242$598,015$296,095$2,375,809
51$3,109,702$580,625$259,321$2,558,224
52$3,378,727$560,911$219,844$2,758,061
53$3,673,676$538,715$177,527$2,977,092
54$3,997,145$513,866$132,228$3,217,269
55$4,351,994$486,185$83,798$3,480,744
56$4,741,371$455,482$32,079$3,769,889
57$5,168,748$421,558$0$4,087,323
58$5,637,946$384,200$0$4,437,903
59$6,153,174$343,183$0$4,825,889
60$6,719,071$298,272$0$5,252,061
61$7,340,744$249,216$0$5,720,303
62$8,023,823$195,750$0$6,234,895
63$8,774,507$137,596$0$6,800,556
64$9,599,626$74,458$0$7,422,487
65$10,506,707$6,025$0$8,106,421
66$11,504,039$0$0$8,858,677
67$12,600,757$0$0$9,702,692
68$13,806,924$0$0$10,632,577
69$15,133,629$0$0$11,655,427
70$16,593,087$0$0$12,780,665
71$18,198,758$0$0$14,018,674
72$19,965,473$0$0$15,380,893
73$21,909,571$0$0$16,879,925
74$24,049,058$0$0$18,529,660
75$26,403,770$0$0$20,345,399
76$28,995,567$0$0$22,344,004
77$31,848,534$0$0$24,544,052
78$34,989,209$0$0$26,966,016
79$38,446,835$0$0$29,632,451
80$42,253,633$0$0$32,568,214
81$46,445,110$0$0$35,800,693
82$51,060,387$0$0$39,360,065
83$56,142,576$0$0$43,279,586
84$61,739,180$0$0$47,595,900
85$67,902,545$0$0$52,349,384
86$74,690,351$0$0$57,584,532
87$82,166,158$0$0$63,350,374
88$90,400,006$0$0$69,700,937
89$99,469,072$0$0$76,695,755
90$109,458,403$0$0$84,400,433
91$120,461,716$0$0$92,887,261
92$132,582,281$0$0$102,235,903
93$145,933,898$0$0$112,534,141
94$160,641,969$0$0$123,878,710
95$176,844,682$0$0$136,376,207
96$194,694,315$0$0$150,144,098
97$214,358,671$0$0$165,311,825
98$236,022,667$0$0$182,022,030
99$259,890,071$0$0$200,431,902
100$286,185,433$0$0$220,714,654