Can I retire at age 30 with 612,000?

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 $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%13.9%
1 years$50,538$50,088$49,649$49,220$48,802$48,013
2 years$25,019$24,553$24,101$23,664$23,239$22,446
3 years$16,514$16,046$15,595$15,162$14,744$13,972
4 years$12,262$11,795$11,349$10,923$10,515$9,771
5 years$9,711$9,248$8,808$8,390$7,994$7,278
6 years$8,012$7,551$7,118$6,709$6,325$5,639
7 years$6,798$6,342$5,915$5,516$5,144$4,488
8 years$5,888$5,436$5,016$4,627$4,267$3,642
9 years$5,181$4,733$4,321$3,942$3,594$2,998
10 years$4,615$4,172$3,767$3,398$3,062$2,495
11 years$4,153$3,714$3,316$2,957$2,633$2,095
12 years$3,768$3,333$2,943$2,594$2,282$1,771
13 years$3,443$3,012$2,629$2,290$1,990$1,506
14 years$3,164$2,738$2,363$2,033$1,744$1,287
15 years$2,922$2,501$2,133$1,813$1,536$1,104
16 years$2,711$2,295$1,934$1,623$1,357$950
17 years$2,525$2,114$1,760$1,458$1,204$820
18 years$2,360$1,953$1,606$1,314$1,070$709
19 years$2,213$1,810$1,471$1,188$954$615
20 years$2,080$1,682$1,350$1,076$852$534
21 years$1,960$1,567$1,241$976$762$464
22 years$1,851$1,463$1,144$888$683$404
23 years$1,752$1,368$1,056$808$614$352
24 years$1,661$1,282$977$737$551$307
25 years$1,578$1,203$905$673$496$268
26 years$1,501$1,130$839$616$447$234
27 years$1,430$1,064$779$563$403$205
28 years$1,364$1,002$725$516$364$179
29 years$1,303$946$674$473$328$157
30 years$1,246$893$628$434$297$137
31 years$1,193$844$585$399$268$120
32 years$1,143$799$546$367$243$105
33 years$1,096$757$510$337$220$92
34 years$1,052$717$477$310$199$81
35 years$1,011$680$446$286$180$71
36 years$972$645$417$263$163$62
37 years$935$613$390$242$148$55
38 years$901$583$365$223$134$48
39 years$868$554$342$206$122$42
40 years$837$527$321$190$110$37
41 years$807$502$301$175$100$32
42 years$779$478$282$162$91$28
43 years$753$455$265$149$82$25
44 years$727$434$249$138$75$22
45 years$703$414$233$127$68$19
46 years$680$395$219$118$62$17
47 years$658$377$206$109$56$15
48 years$637$360$194$100$51$13
49 years$617$343$182$93$46$11
50 years$598$328$171$86$42$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $612,000, adding $6,937 every year, while hoping to spend $40,743 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: 66/8/26 Blend
29$612,000$612,000$612,000$612,000
30$681,580$649,144$639,658$721,513
31$707,750$637,601$617,736$737,726
32$735,225$624,128$593,714$750,233
33$764,094$608,586$567,479$762,988
34$794,454$590,829$538,913$776,020
35$826,413$570,704$507,890$789,359
36$860,085$548,047$474,283$803,041
37$895,597$522,685$437,955$817,107
38$933,087$494,435$398,765$831,604
39$972,704$463,105$356,566$846,585
40$1,014,612$428,489$311,203$862,111
41$1,058,989$390,372$262,515$878,250
42$1,106,031$348,525$210,334$895,080
43$1,155,950$302,707$154,485$912,689
44$1,208,980$252,662$94,783$931,175
45$1,265,375$198,122$31,037$950,649
46$1,325,414$138,801$0$971,238
47$1,389,404$74,399$0$1,003,344
48$1,457,677$4,599$0$1,046,720
49$1,530,600$0$0$1,092,983
50$1,608,575$0$0$1,148,640
51$1,692,042$0$0$1,208,676
52$1,781,484$0$0$1,273,036
53$1,877,429$0$0$1,342,105
54$1,980,460$0$0$1,416,305
55$2,091,212$0$0$1,496,097
56$2,210,387$0$0$1,581,992
57$2,338,753$0$0$1,674,546
58$2,477,153$0$0$1,774,374
59$2,626,516$0$0$1,882,148
60$2,787,859$0$0$1,998,609
61$2,962,303$0$0$2,124,570
62$3,151,078$0$0$2,260,925
63$3,355,536$0$0$2,408,658
64$3,577,165$0$0$2,568,848
65$3,817,600$0$0$2,742,685
66$4,078,639$0$0$2,931,476
67$4,362,262$0$0$3,136,658
68$4,670,643$0$0$3,359,812
69$5,006,177$0$0$3,602,680
70$5,371,499$0$0$3,867,176
71$5,769,506$0$0$4,155,406
72$6,203,388$0$0$4,469,690
73$6,676,656$0$0$4,812,579
74$7,193,174$0$0$5,186,883
75$7,757,195$0$0$5,595,694
76$8,373,401$0$0$6,042,416
77$9,046,947$0$0$6,530,796
78$9,783,508$0$0$7,064,960
79$10,589,331$0$0$7,649,452
80$11,471,298$0$0$8,289,274
81$12,436,983$0$0$8,989,934
82$13,494,730$0$0$9,757,499
83$14,653,727$0$0$10,598,650
84$15,924,090$0$0$11,520,743
85$17,316,965$0$0$12,531,882
86$18,844,625$0$0$13,640,992
87$20,520,588$0$0$14,857,903
88$22,359,744$0$0$16,193,444
89$24,378,495$0$0$17,659,540
90$26,594,907$0$0$19,269,331
91$29,028,882$0$0$21,037,289
92$31,702,343$0$0$22,979,357
93$34,639,442$0$0$25,113,098
94$37,866,784$0$0$27,457,861
95$41,413,679$0$0$30,034,962
96$45,312,419$0$0$32,867,883
97$49,598,578$0$0$35,982,497
98$54,311,351$0$0$39,407,308
99$59,493,919$0$0$43,173,718
100$65,193,857$0$0$47,316,329