Can I retire at age 30 with 611,000?

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 $611,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$50,456$50,006$49,568$49,140$48,722$47,295
2 years$24,978$24,513$24,062$23,625$23,201$21,775
3 years$16,487$16,019$15,570$15,137$14,720$13,339
4 years$12,242$11,776$11,331$10,905$10,498$9,174
5 years$9,696$9,233$8,793$8,376$7,981$6,716
6 years$7,999$7,539$7,106$6,699$6,315$5,111
7 years$6,787$6,331$5,905$5,507$5,136$3,993
8 years$5,879$5,427$5,008$4,620$4,260$3,178
9 years$5,172$4,725$4,314$3,935$3,588$2,565
10 years$4,608$4,165$3,761$3,392$3,057$2,091
11 years$4,146$3,708$3,311$2,952$2,629$1,720
12 years$3,762$3,328$2,938$2,589$2,278$1,423
13 years$3,437$3,008$2,625$2,286$1,987$1,184
14 years$3,159$2,734$2,359$2,029$1,742$989
15 years$2,918$2,497$2,130$1,810$1,533$829
16 years$2,707$2,291$1,931$1,620$1,355$697
17 years$2,521$2,110$1,757$1,456$1,202$587
18 years$2,356$1,950$1,604$1,312$1,068$496
19 years$2,209$1,807$1,468$1,186$952$419
20 years$2,077$1,679$1,347$1,074$851$355
21 years$1,957$1,564$1,239$975$761$301
22 years$1,848$1,460$1,142$886$682$255
23 years$1,749$1,366$1,055$807$613$217
24 years$1,659$1,280$975$736$551$184
25 years$1,575$1,201$903$672$495$157
26 years$1,498$1,129$838$615$446$133
27 years$1,428$1,062$778$563$402$114
28 years$1,362$1,001$723$515$363$97
29 years$1,301$944$673$473$328$82
30 years$1,244$892$627$434$296$70
31 years$1,191$843$585$398$268$60
32 years$1,141$798$545$366$242$51
33 years$1,094$755$509$337$219$43
34 years$1,050$716$476$310$198$37
35 years$1,009$679$445$285$180$32
36 years$970$644$416$263$163$27
37 years$934$612$389$242$148$23
38 years$899$582$365$223$134$20
39 years$866$553$342$206$121$17
40 years$835$526$320$190$110$14
41 years$806$501$300$175$100$12
42 years$778$477$282$162$91$10
43 years$751$455$264$149$82$9
44 years$726$433$248$138$75$8
45 years$702$413$233$127$68$6
46 years$679$394$219$117$62$5
47 years$657$376$206$109$56$5
48 years$636$359$193$100$51$4
49 years$616$343$182$93$46$3
50 years$597$328$171$86$42$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $611,000, adding $4,561 every year, while hoping to spend $37,908 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: 59/23/18 Blend
29$611,000$611,000$611,000$611,000
30$678,027$645,644$636,173$714,597
31$706,852$636,946$617,151$731,191
32$737,346$626,552$596,221$744,715
33$769,641$614,339$573,280$758,599
34$803,877$600,175$548,218$772,884
35$840,212$583,922$520,922$787,617
36$878,814$565,435$491,274$802,850
37$919,870$544,558$459,148$818,646
38$963,583$521,128$424,417$835,072
39$1,010,176$494,971$386,942$852,206
40$1,059,894$465,905$346,585$870,137
41$1,113,004$433,734$303,195$888,964
42$1,169,798$398,255$256,620$908,801
43$1,230,597$359,250$206,698$929,772
44$1,295,756$316,490$153,259$952,022
45$1,365,658$269,734$96,129$975,710
46$1,440,730$218,725$35,124$1,001,016
47$1,521,436$163,194$0$1,028,143
48$1,608,287$102,855$0$1,063,074
49$1,701,844$37,407$0$1,107,879
50$1,802,724$0$0$1,156,127
51$1,911,603$0$0$1,216,650
52$2,029,225$0$0$1,292,299
53$2,156,408$0$0$1,374,138
54$2,294,050$0$0$1,462,751
55$2,443,138$0$0$1,558,778
56$2,604,759$0$0$1,662,926
57$2,780,107$0$0$1,775,968
58$2,970,495$0$0$1,898,759
59$3,177,366$0$0$2,032,236
60$3,402,311$0$0$2,177,431
61$3,647,077$0$0$2,335,481
62$3,913,588$0$0$2,507,634
63$4,203,960$0$0$2,695,266
64$4,520,523$0$0$2,899,889
65$4,865,839$0$0$3,123,170
66$5,242,730$0$0$3,366,941
67$5,654,302$0$0$3,633,221
68$6,103,975$0$0$3,924,232
69$6,595,511$0$0$4,242,419
70$7,133,055$0$0$4,590,475
71$7,721,171$0$0$4,971,366
72$8,364,881$0$0$5,388,357
73$9,069,718$0$0$5,845,043
74$9,841,775$0$0$6,345,383
75$10,687,760$0$0$6,893,740
76$11,615,062$0$0$7,494,913
77$12,631,820$0$0$8,154,195
78$13,746,996$0$0$8,877,408
79$14,970,461$0$0$9,670,972
80$16,313,091$0$0$10,541,953
81$17,786,861$0$0$11,498,138
82$19,404,965$0$0$12,548,101
83$21,181,937$0$0$13,701,291
84$23,133,787$0$0$14,968,116
85$25,278,151$0$0$16,360,039
86$27,634,459$0$0$17,889,691
87$30,224,116$0$0$19,570,986
88$33,070,702$0$0$21,419,256
89$36,200,197$0$0$23,451,387
90$39,641,224$0$0$25,685,988
91$43,425,316$0$0$28,143,559
92$47,587,217$0$0$30,846,687
93$52,165,207$0$0$33,820,257
94$57,201,461$0$0$37,091,688
95$62,742,448$0$0$40,691,191
96$68,839,368$0$0$44,652,051
97$75,548,636$0$0$49,010,946
98$82,932,410$0$0$53,808,287
99$91,059,179$0$0$59,088,600
100$100,004,411$0$0$64,900,948