Can I retire at age 30 with 612,000?

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 $612,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$50,538$50,088$49,649$49,220$48,802$47,603
2 years$25,019$24,553$24,101$23,664$23,239$22,038
3 years$16,514$16,046$15,595$15,162$14,744$13,579
4 years$12,262$11,795$11,349$10,923$10,515$9,396
5 years$9,711$9,248$8,808$8,390$7,994$6,922
6 years$8,012$7,551$7,118$6,709$6,325$5,302
7 years$6,798$6,342$5,915$5,516$5,144$4,171
8 years$5,888$5,436$5,016$4,627$4,267$3,343
9 years$5,181$4,733$4,321$3,942$3,594$2,717
10 years$4,615$4,172$3,767$3,398$3,062$2,233
11 years$4,153$3,714$3,316$2,957$2,633$1,850
12 years$3,768$3,333$2,943$2,594$2,282$1,543
13 years$3,443$3,012$2,629$2,290$1,990$1,294
14 years$3,164$2,738$2,363$2,033$1,744$1,090
15 years$2,922$2,501$2,133$1,813$1,536$921
16 years$2,711$2,295$1,934$1,623$1,357$781
17 years$2,525$2,114$1,760$1,458$1,204$664
18 years$2,360$1,953$1,606$1,314$1,070$566
19 years$2,213$1,810$1,471$1,188$954$483
20 years$2,080$1,682$1,350$1,076$852$413
21 years$1,960$1,567$1,241$976$762$353
22 years$1,851$1,463$1,144$888$683$302
23 years$1,752$1,368$1,056$808$614$259
24 years$1,661$1,282$977$737$551$222
25 years$1,578$1,203$905$673$496$191
26 years$1,501$1,130$839$616$447$164
27 years$1,430$1,064$779$563$403$141
28 years$1,364$1,002$725$516$364$121
29 years$1,303$946$674$473$328$104
30 years$1,246$893$628$434$297$90
31 years$1,193$844$585$399$268$77
32 years$1,143$799$546$367$243$67
33 years$1,096$757$510$337$220$57
34 years$1,052$717$477$310$199$49
35 years$1,011$680$446$286$180$42
36 years$972$645$417$263$163$37
37 years$935$613$390$242$148$32
38 years$901$583$365$223$134$27
39 years$868$554$342$206$122$23
40 years$837$527$321$190$110$20
41 years$807$502$301$175$100$17
42 years$779$478$282$162$91$15
43 years$753$455$265$149$82$13
44 years$727$434$249$138$75$11
45 years$703$414$233$127$68$10
46 years$680$395$219$118$62$8
47 years$658$377$206$109$56$7
48 years$637$360$194$100$51$6
49 years$617$343$182$93$46$5
50 years$598$328$171$86$42$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $612,000, adding $5,883 every year, while hoping to spend $27,976 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: 59/32/9 Blend
29$612,000$612,000$612,000$612,000
30$680,492$648,056$638,570$718,900
31$720,136$650,045$630,196$747,391
32$762,886$651,193$620,604$774,753
33$809,030$651,431$609,723$803,899
34$858,882$650,682$597,480$835,000
35$912,790$648,868$583,798$868,250
36$971,136$645,903$568,596$903,859
37$1,034,337$641,698$551,790$942,063
38$1,102,856$636,158$533,291$983,121
39$1,177,199$629,181$513,008$1,027,321
40$1,257,923$620,660$490,843$1,074,979
41$1,345,641$610,483$466,697$1,126,447
42$1,441,028$598,528$440,463$1,182,114
43$1,544,826$584,669$412,031$1,242,408
44$1,657,851$568,770$381,287$1,307,805
45$1,781,001$550,689$348,109$1,378,830
46$1,915,264$530,275$312,372$1,456,063
47$2,061,730$507,367$273,945$1,540,146
48$2,221,595$481,796$232,691$1,631,788
49$2,396,178$453,384$188,466$1,731,772
50$2,586,929$421,942$141,121$1,840,966
51$2,795,447$387,268$90,500$1,960,326
52$3,023,491$349,152$36,439$2,090,909
53$3,272,996$307,369$0$2,233,884
54$3,546,096$261,685$0$2,392,584
55$3,845,138$211,848$0$2,570,259
56$4,172,709$157,595$0$2,765,000
57$4,531,656$98,648$0$2,978,564
58$4,925,116$34,713$0$3,212,892
59$5,356,543$0$0$3,470,126
60$5,829,740$0$0$3,764,784
61$6,348,899$0$0$4,101,525
62$6,918,635$0$0$4,471,124
63$7,544,031$0$0$4,876,886
64$8,230,688$0$0$5,322,452
65$8,984,775$0$0$5,811,831
66$9,813,088$0$0$6,349,442
67$10,723,112$0$0$6,940,150
68$11,723,094$0$0$7,589,317
69$12,822,121$0$0$8,302,849
70$14,030,202$0$0$9,087,253
71$15,358,364$0$0$9,949,698
72$16,818,757$0$0$10,898,082
73$18,424,766$0$0$11,941,107
74$20,191,138$0$0$13,088,361
75$22,134,122$0$0$14,350,405
76$24,271,621$0$0$15,738,880
77$26,623,358$0$0$17,266,609
78$29,211,068$0$0$18,947,720
79$32,058,696$0$0$20,797,781
80$35,192,627$0$0$22,833,947
81$38,641,934$0$0$25,075,118
82$42,438,649$0$0$27,542,120
83$46,618,069$0$0$30,257,900
84$51,219,087$0$0$33,247,744
85$56,284,556$0$0$36,539,514
86$61,861,698$0$0$40,163,910
87$68,002,547$0$0$44,154,761
88$74,764,437$0$0$48,549,344
89$82,210,548$0$0$53,388,735
90$90,410,496$0$0$58,718,195
91$99,440,995$0$0$64,587,600
92$109,386,576$0$0$71,051,910
93$120,340,389$0$0$78,171,684
94$132,405,076$0$0$86,013,659
95$145,693,746$0$0$94,651,372
96$160,331,035$0$0$104,165,857
97$176,454,289$0$0$114,646,412
98$194,214,854$0$0$126,191,436
99$213,779,506$0$0$138,909,361
100$235,332,027$0$0$152,919,677