Can I retire at age 30 with 610,000?

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 $610,000?

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$50,373$49,925$49,487$49,059$48,642$47,777
2 years$24,937$24,473$24,023$23,586$23,163$22,295
3 years$16,460$15,993$15,544$15,112$14,696$13,851
4 years$12,222$11,757$11,312$10,887$10,481$9,666
5 years$9,680$9,217$8,779$8,363$7,967$7,185
6 years$7,985$7,527$7,095$6,688$6,304$5,555
7 years$6,776$6,321$5,896$5,498$5,127$4,411
8 years$5,869$5,418$5,000$4,612$4,253$3,571
9 years$5,164$4,718$4,306$3,929$3,582$2,933
10 years$4,600$4,158$3,754$3,387$3,052$2,435
11 years$4,140$3,702$3,305$2,947$2,625$2,039
12 years$3,756$3,323$2,933$2,585$2,275$1,720
13 years$3,431$3,003$2,621$2,282$1,984$1,459
14 years$3,153$2,729$2,355$2,026$1,739$1,243
15 years$2,913$2,493$2,126$1,807$1,531$1,063
16 years$2,703$2,288$1,928$1,618$1,353$913
17 years$2,517$2,107$1,754$1,454$1,200$785
18 years$2,353$1,947$1,601$1,310$1,067$677
19 years$2,205$1,804$1,466$1,184$951$585
20 years$2,073$1,677$1,345$1,072$849$507
21 years$1,954$1,562$1,237$973$760$439
22 years$1,845$1,458$1,140$885$681$381
23 years$1,746$1,363$1,053$806$612$331
24 years$1,656$1,277$974$735$550$288
25 years$1,573$1,199$902$671$495$251
26 years$1,496$1,127$837$614$446$218
27 years$1,425$1,060$777$562$402$190
28 years$1,360$999$722$515$362$166
29 years$1,299$943$672$472$327$145
30 years$1,242$890$626$433$296$126
31 years$1,189$841$584$398$267$110
32 years$1,139$796$544$366$242$96
33 years$1,092$754$508$336$219$84
34 years$1,049$715$475$309$198$73
35 years$1,008$678$444$285$179$64
36 years$969$643$415$262$163$56
37 years$932$611$389$242$147$49
38 years$898$581$364$223$134$43
39 years$865$552$341$205$121$37
40 years$834$525$320$189$110$33
41 years$805$500$300$175$100$29
42 years$777$476$281$161$90$25
43 years$750$454$264$149$82$22
44 years$725$433$248$137$75$19
45 years$701$412$233$127$68$17
46 years$678$394$218$117$61$15
47 years$656$376$205$108$56$13
48 years$635$358$193$100$51$11
49 years$615$342$181$93$46$10
50 years$596$327$170$86$42$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $610,000, adding $2,457 every year, while hoping to spend $47,354 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: 67/23/10 Blend
29$610,000$610,000$610,000$610,000
30$674,754$642,424$632,969$718,403
31$693,195$623,519$603,790$728,832
32$711,930$602,100$572,045$734,347
33$730,938$577,994$537,600$739,142
34$750,196$551,019$500,313$743,139
35$769,677$520,980$460,034$746,257
36$789,349$487,672$416,609$748,406
37$809,173$450,879$369,877$749,490
38$829,108$410,371$319,667$749,405
39$849,104$365,907$265,803$748,038
40$869,106$317,229$208,101$745,267
41$889,050$264,069$146,367$740,960
42$908,864$206,139$80,401$734,975
43$928,467$143,138$9,993$727,157
44$947,767$74,748$0$717,338
45$966,659$631$0$712,290
46$985,029$0$0$706,454
47$1,002,746$0$0$718,713
48$1,019,662$0$0$730,521
49$1,035,615$0$0$741,596
50$1,050,422$0$0$751,803
51$1,063,878$0$0$760,990
52$1,075,755$0$0$768,987
53$1,085,800$0$0$775,607
54$1,093,729$0$0$780,640
55$1,099,228$0$0$783,852
56$1,101,948$0$0$784,986
57$1,101,498$0$0$783,752
58$1,097,448$0$0$779,831
59$1,089,318$0$0$772,869
60$1,076,576$0$0$762,472
61$1,058,633$0$0$748,204
62$1,034,837$0$0$729,580
63$1,004,461$0$0$706,067
64$966,706$0$0$677,070
65$920,683$0$0$641,934
66$865,410$0$0$599,932
67$799,800$0$0$550,260
68$722,651$0$0$492,029
69$632,632$0$0$424,256
70$528,274$0$0$345,855
71$407,951$0$0$255,624
72$269,868$0$0$152,236
73$112,041$0$0$34,224
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0