Can I retire at age 30 with 607,000?

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 $607,000?

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$50,125$49,679$49,243$48,818$48,403$47,542
2 years$24,815$24,352$23,905$23,470$23,049$22,185
3 years$16,379$15,915$15,468$15,038$14,623$13,783
4 years$12,162$11,699$11,257$10,834$10,429$9,619
5 years$9,632$9,172$8,736$8,321$7,928$7,150
6 years$7,946$7,490$7,060$6,655$6,273$5,528
7 years$6,742$6,290$5,867$5,471$5,102$4,390
8 years$5,840$5,392$4,975$4,590$4,233$3,554
9 years$5,139$4,694$4,285$3,909$3,564$2,918
10 years$4,578$4,138$3,736$3,370$3,037$2,423
11 years$4,119$3,684$3,289$2,933$2,612$2,029
12 years$3,737$3,306$2,919$2,572$2,263$1,712
13 years$3,414$2,988$2,608$2,271$1,974$1,452
14 years$3,138$2,716$2,343$2,016$1,730$1,237
15 years$2,899$2,481$2,116$1,798$1,523$1,058
16 years$2,689$2,276$1,918$1,610$1,346$908
17 years$2,505$2,096$1,745$1,446$1,194$781
18 years$2,341$1,937$1,593$1,304$1,061$674
19 years$2,195$1,795$1,459$1,178$946$582
20 years$2,063$1,668$1,339$1,067$845$504
21 years$1,944$1,554$1,231$968$756$437
22 years$1,836$1,451$1,135$880$678$379
23 years$1,738$1,357$1,048$802$609$330
24 years$1,648$1,271$969$731$547$287
25 years$1,565$1,193$898$668$492$249
26 years$1,489$1,121$832$611$443$217
27 years$1,418$1,055$773$559$400$189
28 years$1,353$994$719$512$361$165
29 years$1,292$938$669$470$326$144
30 years$1,236$886$623$431$294$126
31 years$1,183$837$581$396$266$110
32 years$1,133$792$542$364$241$96
33 years$1,087$750$506$334$218$84
34 years$1,044$711$473$308$197$73
35 years$1,003$675$442$283$179$64
36 years$964$640$413$261$162$56
37 years$928$608$387$240$147$49
38 years$893$578$362$222$133$43
39 years$861$549$339$204$121$37
40 years$830$523$318$188$109$33
41 years$801$498$298$174$99$28
42 years$773$474$280$160$90$25
43 years$746$452$263$148$82$22
44 years$721$430$247$137$74$19
45 years$697$410$231$126$67$17
46 years$674$392$217$117$61$15
47 years$653$374$204$108$56$13
48 years$632$357$192$100$50$11
49 years$612$341$180$92$46$10
50 years$593$325$170$85$42$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $607,000, adding $3,936 every year, while hoping to spend $40,365 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: 26/45/29 Blend
29$607,000$607,000$607,000$607,000
30$672,974$640,803$631,394$684,313
31$698,669$629,254$609,598$682,431
32$725,633$615,787$585,719$676,721
33$753,951$600,264$559,644$669,774
34$783,718$582,541$531,256$661,512
35$815,037$562,465$500,433$651,857
36$848,018$539,874$467,045$640,725
37$882,784$514,596$430,959$628,030
38$919,467$486,449$392,035$613,683
39$958,210$455,243$350,126$597,590
40$999,171$420,773$305,078$579,654
41$1,042,522$382,827$256,734$559,777
42$1,088,449$341,176$204,925$537,855
43$1,137,159$295,581$149,478$513,780
44$1,188,874$245,789$90,210$487,445
45$1,243,839$191,533$26,932$458,734
46$1,302,322$132,530$0$427,534
47$1,364,617$68,481$0$406,285
48$1,431,043$0$0$392,017
49$1,501,953$0$0$376,788
50$1,577,731$0$0$396,813
51$1,658,800$0$0$418,301
52$1,745,622$0$0$441,382
53$1,838,705$0$0$466,201
54$1,938,606$0$0$492,915
55$2,045,936$0$0$521,698
56$2,161,366$0$0$552,739
57$2,285,633$0$0$586,248
58$2,419,544$0$0$622,454
59$2,563,989$0$0$661,611
60$2,719,944$0$0$703,994
61$2,888,480$0$0$749,911
62$3,070,776$0$0$799,695
63$3,268,129$0$0$853,716
64$3,481,961$0$0$912,379
65$3,713,840$0$0$976,131
66$3,965,487$0$0$1,045,462
67$4,238,796$0$0$1,120,912
68$4,535,851$0$0$1,203,077
69$4,858,943$0$0$1,292,608
70$5,210,595$0$0$1,390,227
71$5,593,581$0$0$1,496,724
72$6,010,953$0$0$1,612,972
73$6,466,072$0$0$1,739,931
74$6,962,637$0$0$1,878,655
75$7,504,717$0$0$2,030,310
76$8,096,795$0$0$2,196,173
77$8,743,801$0$0$2,377,657
78$9,451,169$0$0$2,576,312
79$10,224,876$0$0$2,793,848
80$11,071,506$0$0$3,032,147
81$11,998,309$0$0$3,293,282
82$13,013,268$0$0$3,579,537
83$14,125,172$0$0$3,893,426
84$15,343,705$0$0$4,237,718
85$16,679,527$0$0$4,615,463
86$18,144,382$0$0$5,030,021
87$19,751,205$0$0$5,485,094
88$21,514,240$0$0$5,984,757
89$23,449,179$0$0$6,533,502
90$25,573,308$0$0$7,136,274
91$27,905,666$0$0$7,798,525
92$30,467,226$0$0$8,526,258
93$33,281,094$0$0$9,326,086
94$36,372,722$0$0$10,205,297
95$39,770,150$0$0$11,171,917
96$43,504,270$0$0$12,234,792
97$47,609,112$0$0$13,403,665
98$52,122,172$0$0$14,689,272
99$57,084,758$0$0$16,103,441
100$62,542,380$0$0$17,659,206