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%16.8%
1 years$50,043$49,597$49,162$48,738$48,323$46,984
2 years$24,774$24,312$23,865$23,432$23,011$21,671
3 years$16,352$15,888$15,442$15,013$14,599$13,301
4 years$12,142$11,680$11,238$10,816$10,412$9,166
5 years$9,616$9,157$8,721$8,308$7,915$6,725
6 years$7,933$7,477$7,048$6,644$6,263$5,129
7 years$6,731$6,279$5,857$5,462$5,094$4,016
8 years$5,830$5,383$4,967$4,582$4,226$3,204
9 years$5,130$4,687$4,278$3,903$3,559$2,592
10 years$4,570$4,131$3,730$3,364$3,032$2,119
11 years$4,112$3,678$3,284$2,928$2,608$1,747
12 years$3,731$3,301$2,914$2,568$2,260$1,449
13 years$3,409$2,983$2,604$2,267$1,971$1,209
14 years$3,133$2,711$2,339$2,013$1,727$1,013
15 years$2,894$2,477$2,112$1,795$1,521$851
16 years$2,685$2,273$1,915$1,607$1,344$718
17 years$2,501$2,093$1,743$1,444$1,192$607
18 years$2,337$1,934$1,591$1,301$1,060$514
19 years$2,191$1,792$1,456$1,176$945$436
20 years$2,060$1,666$1,336$1,065$844$370
21 years$1,941$1,551$1,229$967$755$315
22 years$1,833$1,448$1,133$879$677$268
23 years$1,735$1,354$1,046$800$608$228
24 years$1,645$1,269$967$730$546$195
25 years$1,562$1,191$896$667$491$166
26 years$1,486$1,119$831$610$443$142
27 years$1,416$1,053$772$558$399$121
28 years$1,351$993$717$511$360$103
29 years$1,290$936$668$469$325$88
30 years$1,234$884$622$430$294$76
31 years$1,181$836$580$395$266$65
32 years$1,132$791$541$363$240$55
33 years$1,085$749$505$334$217$47
34 years$1,042$710$472$307$197$40
35 years$1,001$673$441$283$178$35
36 years$962$639$413$260$162$30
37 years$926$607$386$240$146$25
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$7
46 years$673$391$217$116$61$6
47 years$651$373$204$108$55$5
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 $2,564 every year, while hoping to spend $33,760 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: 47/23/30 Blend
29$606,000$606,000$606,000$606,000
30$670,457$638,339$628,946$696,090
31$702,923$633,697$614,095$709,852
32$737,569$627,696$597,615$721,318
33$774,582$620,234$579,416$733,126
34$814,167$611,203$559,404$745,328
35$856,547$600,487$537,479$757,981
36$901,969$587,965$513,539$771,152
37$950,703$573,509$487,476$784,916
38$1,003,045$556,981$459,176$799,359
39$1,059,320$538,237$428,523$814,577
40$1,119,885$517,125$395,393$830,680
41$1,185,131$493,482$359,657$847,794
42$1,255,490$467,139$321,181$866,057
43$1,331,434$437,912$279,824$885,627
44$1,413,483$405,612$235,441$906,683
45$1,502,207$370,036$187,877$929,423
46$1,598,234$330,970$136,973$954,072
47$1,702,254$288,188$82,562$980,881
48$1,815,026$241,451$24,470$1,010,132
49$1,937,384$190,507$0$1,042,138
50$2,070,245$135,090$0$1,089,264
51$2,214,617$74,917$0$1,149,031
52$2,371,612$9,692$0$1,214,102
53$2,542,450$0$0$1,285,031
54$2,728,475$0$0$1,377,849
55$2,931,166$0$0$1,481,717
56$3,152,149$0$0$1,595,025
57$3,393,215$0$0$1,718,699
58$3,656,336$0$0$1,853,758
59$3,943,681$0$0$2,001,325
60$4,257,639$0$0$2,162,637
61$4,600,840$0$0$2,339,053
62$4,976,177$0$0$2,532,073
63$5,386,840$0$0$2,743,345
64$5,836,338$0$0$2,974,686
65$6,328,536$0$0$3,228,097
66$6,867,690$0$0$3,505,781
67$7,458,488$0$0$3,810,164
68$8,106,091$0$0$4,143,918
69$8,816,185$0$0$4,509,985
70$9,595,032$0$0$4,911,609
71$10,449,528$0$0$5,352,358
72$11,387,271$0$0$5,836,167
73$12,416,629$0$0$6,367,367
74$13,546,818$0$0$6,950,731
75$14,787,993$0$0$7,591,515
76$16,151,338$0$0$8,295,511
77$17,649,177$0$0$9,069,100
78$19,295,083$0$0$9,919,308
79$21,104,010$0$0$10,853,881
80$23,092,434$0$0$11,881,348
81$25,278,506$0$0$13,011,109
82$27,682,222$0$0$14,253,518
83$30,325,614$0$0$15,619,984
84$33,232,956$0$0$17,123,077
85$36,430,993$0$0$18,776,645
86$39,949,189$0$0$20,595,949
87$43,820,012$0$0$22,597,800
88$48,079,233$0$0$24,800,723
89$52,766,267$0$0$27,225,130
90$57,924,541$0$0$29,893,511
91$63,601,906$0$0$32,830,646
92$69,851,089$0$0$36,063,840
93$76,730,184$0$0$39,623,182
94$84,303,206$0$0$43,541,822
95$92,640,694$0$0$47,856,291
96$101,820,369$0$0$52,606,842
97$111,927,877$0$0$57,837,830
98$123,057,588$0$0$63,598,129
99$135,313,491$0$0$69,941,594
100$148,810,174$0$0$76,927,571