Can I retire at age 30 with 613,000?

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 $613,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$50,621$50,170$49,730$49,301$48,881$48,231
2 years$25,060$24,593$24,141$23,702$23,277$22,622
3 years$16,541$16,072$15,621$15,186$14,768$14,130
4 years$12,282$11,815$11,368$10,941$10,533$9,916
5 years$9,727$9,263$8,822$8,404$8,007$7,413
6 years$8,025$7,564$7,129$6,720$6,335$5,766
7 years$6,809$6,352$5,925$5,525$5,152$4,607
8 years$5,898$5,445$5,025$4,635$4,274$3,753
9 years$5,189$4,741$4,328$3,948$3,600$3,102
10 years$4,623$4,179$3,773$3,403$3,067$2,593
11 years$4,160$3,720$3,322$2,962$2,638$2,187
12 years$3,774$3,339$2,948$2,598$2,286$1,857
13 years$3,448$3,017$2,634$2,294$1,993$1,587
14 years$3,169$2,743$2,366$2,036$1,747$1,362
15 years$2,927$2,506$2,137$1,816$1,538$1,174
16 years$2,716$2,299$1,937$1,626$1,360$1,015
17 years$2,530$2,117$1,763$1,461$1,206$881
18 years$2,364$1,956$1,609$1,316$1,072$766
19 years$2,216$1,813$1,473$1,190$955$667
20 years$2,083$1,685$1,352$1,077$853$582
21 years$1,963$1,569$1,243$978$764$509
22 years$1,854$1,465$1,146$889$685$445
23 years$1,755$1,370$1,058$810$615$390
24 years$1,664$1,284$979$738$552$342
25 years$1,580$1,205$906$674$497$300
26 years$1,503$1,132$841$617$448$264
27 years$1,432$1,066$781$564$404$232
28 years$1,366$1,004$726$517$364$204
29 years$1,305$947$675$474$329$180
30 years$1,248$895$629$435$297$158
31 years$1,194$846$586$400$269$139
32 years$1,145$800$547$367$243$123
33 years$1,098$758$511$338$220$108
34 years$1,054$718$477$311$199$95
35 years$1,013$681$446$286$180$84
36 years$974$647$417$263$163$74
37 years$937$614$391$243$148$65
38 years$902$584$366$224$134$58
39 years$869$555$343$206$122$51
40 years$838$528$321$190$110$45
41 years$809$503$301$176$100$40
42 years$780$479$283$162$91$35
43 years$754$456$265$150$83$31
44 years$728$435$249$138$75$27
45 years$704$415$234$128$68$24
46 years$681$395$220$118$62$21
47 years$659$377$206$109$56$19
48 years$638$360$194$101$51$17
49 years$618$344$182$93$46$15
50 years$599$329$171$86$42$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $613,000, adding $2,060 every year, while hoping to spend $35,354 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: 38/41/21 Blend
29$613,000$613,000$613,000$613,000
30$677,651$645,162$635,660$699,071
31$709,155$639,158$619,339$708,758
32$742,687$631,676$601,285$715,742
33$778,418$622,604$581,405$722,568
34$816,532$611,828$559,597$729,244
35$857,234$599,223$535,759$735,779
36$900,746$584,658$509,781$742,186
37$947,312$567,997$481,549$748,484
38$997,201$549,092$450,944$754,696
39$1,050,706$527,788$417,841$760,852
40$1,108,150$503,921$382,111$766,988
41$1,169,887$477,319$343,617$773,148
42$1,236,305$447,798$302,218$779,386
43$1,307,831$415,163$257,766$785,765
44$1,384,934$379,210$210,105$792,359
45$1,468,128$339,722$159,074$799,255
46$1,557,979$296,470$104,505$806,556
47$1,655,108$249,212$46,220$814,379
48$1,760,197$197,692$0$822,860
49$1,873,998$141,640$0$835,737
50$1,997,336$80,770$0$860,894
51$2,131,119$14,782$0$888,213
52$2,276,344$0$0$917,975
53$2,434,109$0$0$976,051
54$2,605,622$0$0$1,046,511
55$2,792,211$0$0$1,123,241
56$2,995,338$0$0$1,206,853
57$3,216,611$0$0$1,298,018
58$3,457,800$0$0$1,397,476
59$3,720,853$0$0$1,506,040
60$4,007,914$0$0$1,624,609
61$4,321,342$0$0$1,754,167
62$4,663,735$0$0$1,895,801
63$5,037,953$0$0$2,050,707
64$5,447,144$0$0$2,220,202
65$5,894,776$0$0$2,405,736
66$6,384,665$0$0$2,608,905
67$6,921,015$0$0$2,831,467
68$7,508,452$0$0$3,075,359
69$8,152,076$0$0$3,342,714
70$8,857,499$0$0$3,635,878
71$9,630,903$0$0$3,957,440
72$10,479,098$0$0$4,310,249
73$11,409,582$0$0$4,697,442
74$12,430,616$0$0$5,122,477
75$13,551,300$0$0$5,589,161
76$14,781,656$0$0$6,101,689
77$16,132,723$0$0$6,664,681
78$17,616,665$0$0$7,283,228
79$19,246,878$0$0$7,962,938
80$21,038,123$0$0$8,709,988
81$23,006,658$0$0$9,531,184
82$25,170,398$0$0$10,434,024
83$27,549,076$0$0$11,426,770
84$30,164,436$0$0$12,518,523
85$33,040,430$0$0$13,719,311
86$36,203,452$0$0$15,040,181
87$39,682,578$0$0$16,493,308
88$43,509,846$0$0$18,092,104
89$47,720,554$0$0$19,851,345
90$52,353,594$0$0$21,787,316
91$57,451,819$0$0$23,917,956
92$63,062,445$0$0$26,263,034
93$69,237,497$0$0$28,844,331
94$76,034,298$0$0$31,685,848
95$83,516,013$0$0$34,814,031
96$91,752,238$0$0$38,258,020
97$100,819,663$0$0$42,049,924
98$110,802,788$0$0$46,225,125
99$121,794,727$0$0$50,822,608
100$133,898,081$0$0$55,885,333