Can I retire at age 30 with 608,000?

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 $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%17.9%
1 years$50,208$49,761$49,325$48,899$48,483$46,931
2 years$24,855$24,393$23,944$23,509$23,087$21,538
3 years$16,406$15,941$15,493$15,062$14,647$13,149
4 years$12,182$11,718$11,275$10,852$10,447$9,011
5 years$9,648$9,187$8,750$8,335$7,941$6,573
6 years$7,959$7,502$7,071$6,666$6,284$4,983
7 years$6,754$6,300$5,876$5,480$5,110$3,877
8 years$5,850$5,400$4,984$4,597$4,240$3,073
9 years$5,147$4,702$4,292$3,916$3,570$2,470
10 years$4,585$4,145$3,742$3,375$3,042$2,005
11 years$4,126$3,690$3,295$2,938$2,616$1,641
12 years$3,743$3,312$2,924$2,577$2,267$1,352
13 years$3,420$2,993$2,612$2,275$1,977$1,119
14 years$3,143$2,720$2,347$2,019$1,733$931
15 years$2,903$2,485$2,119$1,801$1,526$776
16 years$2,694$2,280$1,921$1,613$1,349$649
17 years$2,509$2,100$1,748$1,449$1,196$544
18 years$2,345$1,940$1,596$1,306$1,063$457
19 years$2,198$1,798$1,461$1,180$948$385
20 years$2,066$1,671$1,341$1,069$846$324
21 years$1,947$1,557$1,233$970$758$273
22 years$1,839$1,453$1,137$882$679$231
23 years$1,741$1,359$1,050$803$610$195
24 years$1,650$1,273$971$732$548$165
25 years$1,568$1,195$899$669$493$139
26 years$1,491$1,123$834$612$444$118
27 years$1,421$1,057$774$560$400$100
28 years$1,355$996$720$513$361$84
29 years$1,294$939$670$470$326$71
30 years$1,238$887$624$432$295$61
31 years$1,185$839$582$396$266$51
32 years$1,135$794$543$364$241$43
33 years$1,089$752$507$335$218$37
34 years$1,045$712$473$308$198$31
35 years$1,004$676$443$284$179$26
36 years$966$641$414$261$162$22
37 years$929$609$388$241$147$19
38 years$895$579$363$222$133$16
39 years$862$550$340$205$121$14
40 years$831$524$319$189$110$12
41 years$802$498$299$174$99$10
42 years$774$475$280$161$90$8
43 years$748$452$263$148$82$7
44 years$722$431$247$137$74$6
45 years$698$411$232$127$67$5
46 years$675$392$218$117$61$4
47 years$654$374$205$108$56$4
48 years$633$357$192$100$50$3
49 years$613$341$181$92$46$3
50 years$594$326$170$85$42$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $608,000, adding $5,857 every year, while hoping to spend $29,050 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: 66/24/10 Blend
29$608,000$608,000$608,000$608,000
30$676,057$643,833$634,409$718,870
31$714,106$644,472$624,753$748,752
32$755,063$644,169$613,800$777,412
33$799,192$642,846$601,475$807,985
34$846,787$640,423$587,702$840,653
35$898,168$636,812$572,398$875,621
36$953,687$631,922$555,480$913,113
37$1,013,733$625,656$536,858$953,376
38$1,078,730$617,910$516,439$996,686
39$1,149,147$608,574$494,127$1,043,346
40$1,225,500$597,533$469,820$1,093,689
41$1,308,353$584,665$443,410$1,148,087
42$1,398,329$569,838$414,789$1,206,947
43$1,496,113$552,914$383,839$1,270,721
44$1,602,459$533,749$350,440$1,339,908
45$1,718,195$512,188$314,465$1,415,059
46$1,844,233$488,068$275,782$1,496,782
47$1,981,576$461,215$234,252$1,585,750
48$2,131,330$431,447$189,732$1,682,705
49$2,294,708$398,571$142,071$1,788,467
50$2,473,050$362,382$91,112$1,903,941
51$2,667,827$322,665$36,691$2,030,128
52$2,880,662$279,191$0$2,168,131
53$3,113,338$231,720$0$2,321,451
54$3,367,820$179,997$0$2,493,479
55$3,646,273$123,752$0$2,681,802
56$3,951,079$62,701$0$2,888,080
57$4,284,860$0$0$3,114,146
58$4,650,507$0$0$3,362,935
59$5,051,200$0$0$3,653,753
60$5,490,443$0$0$3,972,591
61$5,972,097$0$0$4,322,255
62$6,500,410$0$0$4,705,834
63$7,080,064$0$0$5,126,734
64$7,716,216$0$0$5,588,704
65$8,414,547$0$0$6,095,875
66$9,181,313$0$0$6,652,797
67$10,023,405$0$0$7,264,482
68$10,948,418$0$0$7,936,451
69$11,964,715$0$0$8,674,788
70$13,081,510$0$0$9,486,192
71$14,308,954$0$0$10,378,047
72$15,658,232$0$0$11,358,486
73$17,141,663$0$0$12,436,468
74$18,772,822$0$0$13,621,866
75$20,566,665$0$0$14,925,557
76$22,539,669$0$0$16,359,523
77$24,709,989$0$0$17,936,968
78$27,097,626$0$0$19,672,438
79$29,724,619$0$0$21,581,963
80$32,615,252$0$0$23,683,201
81$35,796,278$0$0$25,995,612
82$39,297,179$0$0$28,540,635
83$43,150,437$0$0$31,341,895
84$47,391,842$0$0$34,425,423
85$52,060,833$0$0$37,819,899
86$57,200,865$0$0$41,556,930
87$62,859,819$0$0$45,671,339
88$69,090,457$0$0$50,201,499
89$75,950,916$0$0$55,189,693
90$83,505,260$0$0$60,682,514
91$91,824,078$0$0$66,731,302
92$100,985,155$0$0$73,392,630
93$111,074,206$0$0$80,728,838
94$122,185,680$0$0$88,808,619
95$134,423,654$0$0$97,707,669
96$147,902,815$0$0$107,509,400
97$162,749,541$0$0$118,305,727
98$179,103,093$0$0$130,197,937
99$197,116,930$0$0$143,297,640
100$216,960,156$0$0$157,727,827