Can I retire at age 30 with 609,000?

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 $609,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$50,291$49,843$49,406$48,979$48,563$47,102
2 years$24,896$24,433$23,983$23,548$23,125$21,666
3 years$16,433$15,967$15,519$15,087$14,671$13,260
4 years$12,202$11,737$11,294$10,869$10,464$9,110
5 years$9,664$9,202$8,764$8,349$7,954$6,662
6 years$7,972$7,514$7,083$6,677$6,294$5,065
7 years$6,765$6,311$5,886$5,489$5,119$3,952
8 years$5,859$5,409$4,992$4,605$4,247$3,142
9 years$5,156$4,710$4,299$3,922$3,576$2,532
10 years$4,593$4,151$3,748$3,381$3,047$2,063
11 years$4,133$3,696$3,300$2,942$2,621$1,694
12 years$3,750$3,317$2,929$2,581$2,271$1,400
13 years$3,426$2,998$2,617$2,279$1,980$1,163
14 years$3,148$2,725$2,351$2,023$1,736$970
15 years$2,908$2,489$2,123$1,804$1,528$812
16 years$2,698$2,284$1,924$1,615$1,351$682
17 years$2,513$2,103$1,751$1,451$1,198$574
18 years$2,349$1,944$1,599$1,308$1,065$484
19 years$2,202$1,801$1,463$1,182$949$408
20 years$2,070$1,674$1,343$1,070$848$345
21 years$1,951$1,559$1,235$971$759$292
22 years$1,842$1,455$1,139$883$680$248
23 years$1,743$1,361$1,051$804$611$210
24 years$1,653$1,275$972$734$549$178
25 years$1,570$1,197$901$670$494$151
26 years$1,494$1,125$835$613$445$129
27 years$1,423$1,059$776$561$401$109
28 years$1,357$998$721$514$362$93
29 years$1,296$941$671$471$327$79
30 years$1,240$889$625$432$295$67
31 years$1,187$840$583$397$267$57
32 years$1,137$795$544$365$241$49
33 years$1,091$753$508$336$219$41
34 years$1,047$713$474$309$198$35
35 years$1,006$677$443$284$179$30
36 years$967$642$415$262$162$26
37 years$931$610$388$241$147$22
38 years$896$580$364$222$133$19
39 years$864$551$341$205$121$16
40 years$833$525$319$189$110$13
41 years$803$499$299$174$100$11
42 years$775$476$281$161$90$10
43 years$749$453$263$149$82$8
44 years$724$432$247$137$74$7
45 years$700$412$232$127$68$6
46 years$677$393$218$117$61$5
47 years$655$375$205$108$56$4
48 years$634$358$193$100$51$4
49 years$614$342$181$92$46$3
50 years$595$326$170$85$42$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $609,000, adding $4,764 every year, while hoping to spend $34,822 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: 57/13/30 Blend
29$609,000$609,000$609,000$609,000
30$676,032$643,755$634,316$708,735
31$707,937$638,249$618,515$726,255
32$741,929$631,305$601,018$741,322
33$778,185$622,818$581,730$757,047
34$816,896$612,673$560,555$773,508
35$858,276$600,750$537,390$790,787
36$902,555$586,922$512,127$808,980
37$949,988$571,053$484,656$828,195
38$1,000,852$553,001$454,858$848,549
39$1,055,456$532,614$422,612$870,178
40$1,114,132$509,733$387,790$893,229
41$1,177,251$484,187$350,258$917,872
42$1,245,217$455,798$309,878$944,291
43$1,318,474$424,377$266,503$972,696
44$1,397,509$389,722$219,982$1,003,318
45$1,482,860$351,623$170,156$1,036,416
46$1,575,114$309,856$116,859$1,072,279
47$1,674,921$264,183$59,919$1,111,226
48$1,782,990$214,356$0$1,153,617
49$1,900,105$160,109$0$1,200,118
50$2,027,127$101,165$0$1,271,387
51$2,165,000$37,229$0$1,348,777
52$2,314,767$0$0$1,432,898
53$2,477,571$0$0$1,529,004
54$2,654,672$0$0$1,639,389
55$2,847,456$0$0$1,759,599
56$3,057,448$0$0$1,890,589
57$3,286,324$0$0$2,033,413
58$3,535,931$0$0$2,189,229
59$3,808,302$0$0$2,359,314
60$4,105,674$0$0$2,545,071
61$4,430,508$0$0$2,748,046
62$4,785,517$0$0$2,969,940
63$5,173,684$0$0$3,212,628
64$5,598,296$0$0$3,478,173
65$6,062,970$0$0$3,768,846
66$6,571,690$0$0$4,087,148
67$7,128,845$0$0$4,435,834
68$7,739,265$0$0$4,817,937
69$8,408,271$0$0$5,236,800
70$9,141,723$0$0$5,696,100
71$9,946,075$0$0$6,199,891
72$10,828,436$0$0$6,752,636
73$11,796,635$0$0$7,359,253
74$12,859,297$0$0$8,025,157
75$14,025,922$0$0$8,756,314
76$15,306,974$0$0$9,559,295
77$16,713,981$0$0$10,441,341
78$18,259,643$0$0$11,410,425
79$19,957,948$0$0$12,475,334
80$21,824,309$0$0$13,645,747
81$23,875,705$0$0$14,932,327
82$26,130,840$0$0$16,346,821
83$28,610,323$0$0$17,902,173
84$31,336,858$0$0$19,612,642
85$34,335,461$0$0$21,493,939
86$37,633,693$0$0$23,563,374
87$41,261,918$0$0$25,840,018
88$45,253,594$0$0$28,344,884
89$49,645,585$0$0$31,101,127
90$54,478,506$0$0$34,134,256
91$59,797,112$0$0$37,472,380
92$65,650,711$0$0$41,146,470
93$72,093,638$0$0$45,190,652
94$79,185,760$0$0$49,642,528
95$86,993,044$0$0$54,543,533
96$95,588,176$0$0$59,939,321
97$105,051,249$0$0$65,880,197
98$115,470,518$0$0$72,421,596
99$126,943,230$0$0$79,624,599
100$139,576,542$0$0$87,556,511