Can I retire at age 30 with 608,000?

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 $608,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$50,208$49,761$49,325$48,899$48,483$46,707
2 years$24,855$24,393$23,944$23,509$23,087$21,318
3 years$16,406$15,941$15,493$15,062$14,647$12,940
4 years$12,182$11,718$11,275$10,852$10,447$8,814
5 years$9,648$9,187$8,750$8,335$7,941$6,389
6 years$7,959$7,502$7,071$6,666$6,284$4,811
7 years$6,754$6,300$5,876$5,480$5,110$3,718
8 years$5,850$5,400$4,984$4,597$4,240$2,926
9 years$5,147$4,702$4,292$3,916$3,570$2,334
10 years$4,585$4,145$3,742$3,375$3,042$1,881
11 years$4,126$3,690$3,295$2,938$2,616$1,528
12 years$3,743$3,312$2,924$2,577$2,267$1,248
13 years$3,420$2,993$2,612$2,275$1,977$1,025
14 years$3,143$2,720$2,347$2,019$1,733$845
15 years$2,903$2,485$2,119$1,801$1,526$699
16 years$2,694$2,280$1,921$1,613$1,349$580
17 years$2,509$2,100$1,748$1,449$1,196$482
18 years$2,345$1,940$1,596$1,306$1,063$401
19 years$2,198$1,798$1,461$1,180$948$334
20 years$2,066$1,671$1,341$1,069$846$279
21 years$1,947$1,557$1,233$970$758$233
22 years$1,839$1,453$1,137$882$679$195
23 years$1,741$1,359$1,050$803$610$163
24 years$1,650$1,273$971$732$548$136
25 years$1,568$1,195$899$669$493$114
26 years$1,491$1,123$834$612$444$96
27 years$1,421$1,057$774$560$400$80
28 years$1,355$996$720$513$361$67
29 years$1,294$939$670$470$326$56
30 years$1,238$887$624$432$295$47
31 years$1,185$839$582$396$266$40
32 years$1,135$794$543$364$241$33
33 years$1,089$752$507$335$218$28
34 years$1,045$712$473$308$198$23
35 years$1,004$676$443$284$179$20
36 years$966$641$414$261$162$17
37 years$929$609$388$241$147$14
38 years$895$579$363$222$133$12
39 years$862$550$340$205$121$10
40 years$831$524$319$189$110$8
41 years$802$498$299$174$99$7
42 years$774$475$280$161$90$6
43 years$748$452$263$148$82$5
44 years$722$431$247$137$74$4
45 years$698$411$232$127$67$3
46 years$675$392$218$117$61$3
47 years$654$374$205$108$56$2
48 years$633$357$192$100$50$2
49 years$613$341$181$92$46$2
50 years$594$326$170$85$42$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $608,000, adding $3,423 every year, while hoping to spend $21,102 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: 39/38/23 Blend
29$608,000$608,000$608,000$608,000
30$673,547$641,323$631,899$695,093
31$719,796$650,295$630,615$719,959
32$770,056$659,000$628,581$744,593
33$824,712$667,402$625,749$770,808
34$884,191$675,463$622,070$798,759
35$948,961$683,143$617,492$828,620
36$1,019,537$690,398$611,959$860,582
37$1,096,485$697,183$605,416$894,857
38$1,180,430$703,449$597,801$931,678
39$1,272,059$709,143$589,052$971,307
40$1,372,127$714,210$579,104$1,014,029
41$1,481,468$718,590$567,887$1,060,163
42$1,600,997$722,220$555,331$1,110,060
43$1,731,723$725,033$541,359$1,164,109
44$1,874,757$726,958$525,892$1,222,741
45$2,031,322$727,918$508,849$1,286,432
46$2,202,765$727,834$490,144$1,355,707
47$2,390,569$726,620$469,686$1,431,148
48$2,596,367$724,184$447,380$1,513,400
49$2,821,958$720,431$423,129$1,603,173
50$3,069,323$715,258$396,830$1,701,254
51$3,340,645$708,557$368,375$1,808,512
52$3,638,327$700,212$337,651$1,925,907
53$3,965,016$690,102$304,542$2,054,500
54$4,323,627$678,097$268,924$2,195,465
55$4,717,374$664,060$230,670$2,350,096
56$5,149,794$647,847$189,645$2,519,826
57$5,624,786$629,304$145,710$2,706,234
58$6,146,642$608,268$98,720$2,911,067
59$6,720,094$584,567$48,521$3,136,253
60$7,350,352$558,020$0$3,383,922
61$8,043,158$528,433$0$3,657,663
62$8,804,837$495,603$0$3,971,624
63$9,642,358$459,315$0$4,316,791
64$10,563,398$419,341$0$4,696,373
65$11,576,415$375,440$0$5,113,910
66$12,690,730$327,357$0$5,573,305
67$13,916,612$274,824$0$6,078,865
68$15,265,373$217,557$0$6,635,337
69$16,749,480$155,256$0$7,247,959
70$18,382,667$87,604$0$7,922,509
71$20,180,068$14,267$0$8,665,355
72$22,158,360$0$0$9,483,525
73$24,335,914$0$0$10,411,990
74$26,732,978$0$0$11,440,717
75$29,371,858$0$0$12,573,324
76$32,277,135$0$0$13,820,376
77$35,475,896$0$0$15,193,511
78$38,997,984$0$0$16,705,554
79$42,876,287$0$0$18,370,639
80$47,147,043$0$0$20,204,337
81$51,850,183$0$0$22,223,809
82$57,029,709$0$0$24,447,965
83$62,734,108$0$0$26,897,640
84$69,016,807$0$0$29,595,795
85$75,936,681$0$0$32,567,732
86$83,558,608$0$0$35,841,331
87$91,954,078$0$0$39,447,316
88$101,201,868$0$0$43,419,541
89$111,388,791$0$0$47,795,314
90$122,610,506$0$0$52,615,746
91$134,972,428$0$0$57,926,139
92$148,590,719$0$0$63,776,415
93$163,593,385$0$0$70,221,587
94$180,121,486$0$0$77,322,275
95$198,330,462$0$0$85,145,283
96$218,391,606$0$0$93,764,226
97$240,493,677$0$0$103,260,227
98$264,844,682$0$0$113,722,679
99$291,673,841$0$0$125,250,093
100$321,233,746$0$0$137,951,026