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%11.5%
1 years$50,456$50,006$49,568$49,140$48,722$48,415
2 years$24,978$24,513$24,062$23,625$23,201$22,891
3 years$16,487$16,019$15,570$15,137$14,720$14,417
4 years$12,242$11,776$11,331$10,905$10,498$10,205
5 years$9,696$9,233$8,793$8,376$7,981$7,697
6 years$7,999$7,539$7,106$6,699$6,315$6,042
7 years$6,787$6,331$5,905$5,507$5,136$4,873
8 years$5,879$5,427$5,008$4,620$4,260$4,009
9 years$5,172$4,725$4,314$3,935$3,588$3,347
10 years$4,608$4,165$3,761$3,392$3,057$2,826
11 years$4,146$3,708$3,311$2,952$2,629$2,409
12 years$3,762$3,328$2,938$2,589$2,278$2,068
13 years$3,437$3,008$2,625$2,286$1,987$1,786
14 years$3,159$2,734$2,359$2,029$1,742$1,551
15 years$2,918$2,497$2,130$1,810$1,533$1,352
16 years$2,707$2,291$1,931$1,620$1,355$1,183
17 years$2,521$2,110$1,757$1,456$1,202$1,038
18 years$2,356$1,950$1,604$1,312$1,068$914
19 years$2,209$1,807$1,468$1,186$952$806
20 years$2,077$1,679$1,347$1,074$851$712
21 years$1,957$1,564$1,239$975$761$630
22 years$1,848$1,460$1,142$886$682$559
23 years$1,749$1,366$1,055$807$613$496
24 years$1,659$1,280$975$736$551$441
25 years$1,575$1,201$903$672$495$392
26 years$1,498$1,129$838$615$446$349
27 years$1,428$1,062$778$563$402$311
28 years$1,362$1,001$723$515$363$277
29 years$1,301$944$673$473$328$248
30 years$1,244$892$627$434$296$221
31 years$1,191$843$585$398$268$197
32 years$1,141$798$545$366$242$176
33 years$1,094$755$509$337$219$158
34 years$1,050$716$476$310$198$141
35 years$1,009$679$445$285$180$126
36 years$970$644$416$263$163$113
37 years$934$612$389$242$148$101
38 years$899$582$365$223$134$90
39 years$866$553$342$206$121$81
40 years$835$526$320$190$110$72
41 years$806$501$300$175$100$65
42 years$778$477$282$162$91$58
43 years$751$455$264$149$82$52
44 years$726$433$248$138$75$47
45 years$702$413$233$127$68$42
46 years$679$394$219$117$62$37
47 years$657$376$206$109$56$34
48 years$636$359$193$100$51$30
49 years$616$343$182$93$46$27
50 years$597$328$171$86$42$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $611,000, adding $3,155 every year, while hoping to spend $45,124 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: 23/50/27 Blend
29$611,000$611,000$611,000$611,000
30$676,576$644,193$634,723$686,295
31$697,576$627,747$607,975$678,450
32$719,204$608,983$578,818$666,040
33$741,479$587,739$547,124$651,789
34$764,417$563,845$512,760$635,573
35$788,035$537,121$475,584$617,263
36$812,349$507,375$435,451$596,722
37$837,378$474,405$392,208$573,807
38$863,137$437,998$345,694$548,365
39$889,646$397,928$295,743$520,236
40$916,919$353,956$242,180$489,250
41$944,976$305,831$184,824$455,228
42$973,831$253,285$123,484$417,982
43$1,003,503$196,037$57,961$377,314
44$1,034,007$133,789$0$333,014
45$1,065,360$66,229$0$288,306
46$1,097,575$0$0$257,556
47$1,130,668$0$0$227,707
48$1,164,653$0$0$234,467
49$1,199,542$0$0$241,397
50$1,235,346$0$0$248,499
51$1,272,076$0$0$255,773
52$1,309,741$0$0$263,220
53$1,348,346$0$0$270,839
54$1,387,897$0$0$278,630
55$1,428,396$0$0$286,591
56$1,469,842$0$0$294,719
57$1,512,232$0$0$303,012
58$1,555,558$0$0$311,465
59$1,599,810$0$0$320,072
60$1,644,971$0$0$328,828
61$1,691,021$0$0$337,725
62$1,737,933$0$0$346,752
63$1,785,675$0$0$355,900
64$1,834,206$0$0$365,155
65$1,883,479$0$0$374,501
66$1,933,437$0$0$383,923
67$1,984,012$0$0$393,399
68$2,035,127$0$0$402,906
69$2,086,692$0$0$412,419
70$2,138,601$0$0$421,907
71$2,190,735$0$0$431,336
72$2,242,958$0$0$440,669
73$2,295,114$0$0$449,862
74$2,347,027$0$0$458,866
75$2,398,495$0$0$467,627
76$2,449,293$0$0$476,083
77$2,499,167$0$0$484,165
78$2,547,829$0$0$491,797
79$2,594,958$0$0$498,892
80$2,640,192$0$0$505,354
81$2,683,128$0$0$511,076
82$2,723,312$0$0$515,938
83$2,760,240$0$0$519,807
84$2,793,348$0$0$522,534
85$2,822,008$0$0$523,956
86$2,845,518$0$0$523,889
87$2,863,100$0$0$522,129
88$2,873,886$0$0$518,451
89$2,876,913$0$0$512,604
90$2,871,111$0$0$504,311
91$2,855,290$0$0$493,264
92$2,828,133$0$0$479,122
93$2,788,175$0$0$461,507
94$2,733,797$0$0$440,001
95$2,663,201$0$0$414,141
96$2,574,397$0$0$383,416
97$2,465,180$0$0$347,257
98$2,333,111$0$0$305,040
99$2,175,491$0$0$256,070
100$1,989,332$0$0$199,584