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%17.4%
1 years$50,621$50,170$49,730$49,301$48,881$47,412
2 years$25,060$24,593$24,141$23,702$23,277$21,809
3 years$16,541$16,072$15,621$15,186$14,768$13,347
4 years$12,282$11,815$11,368$10,941$10,533$9,170
5 years$9,727$9,263$8,822$8,404$8,007$6,706
6 years$8,025$7,564$7,129$6,720$6,335$5,098
7 years$6,809$6,352$5,925$5,525$5,152$3,978
8 years$5,898$5,445$5,025$4,635$4,274$3,162
9 years$5,189$4,741$4,328$3,948$3,600$2,549
10 years$4,623$4,179$3,773$3,403$3,067$2,076
11 years$4,160$3,720$3,322$2,962$2,638$1,705
12 years$3,774$3,339$2,948$2,598$2,286$1,409
13 years$3,448$3,017$2,634$2,294$1,993$1,171
14 years$3,169$2,743$2,366$2,036$1,747$976
15 years$2,927$2,506$2,137$1,816$1,538$817
16 years$2,716$2,299$1,937$1,626$1,360$686
17 years$2,530$2,117$1,763$1,461$1,206$577
18 years$2,364$1,956$1,609$1,316$1,072$487
19 years$2,216$1,813$1,473$1,190$955$411
20 years$2,083$1,685$1,352$1,077$853$348
21 years$1,963$1,569$1,243$978$764$294
22 years$1,854$1,465$1,146$889$685$249
23 years$1,755$1,370$1,058$810$615$211
24 years$1,664$1,284$979$738$552$179
25 years$1,580$1,205$906$674$497$152
26 years$1,503$1,132$841$617$448$129
27 years$1,432$1,066$781$564$404$110
28 years$1,366$1,004$726$517$364$93
29 years$1,305$947$675$474$329$79
30 years$1,248$895$629$435$297$68
31 years$1,194$846$586$400$269$58
32 years$1,145$800$547$367$243$49
33 years$1,098$758$511$338$220$42
34 years$1,054$718$477$311$199$35
35 years$1,013$681$446$286$180$30
36 years$974$647$417$263$163$26
37 years$937$614$391$243$148$22
38 years$902$584$366$224$134$19
39 years$869$555$343$206$122$16
40 years$838$528$321$190$110$14
41 years$809$503$301$176$100$11
42 years$780$479$283$162$91$10
43 years$754$456$265$150$83$8
44 years$728$435$249$138$75$7
45 years$704$415$234$128$68$6
46 years$681$395$220$118$62$5
47 years$659$377$206$109$56$4
48 years$638$360$194$101$51$4
49 years$618$344$182$93$46$3
50 years$599$329$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 $613,000, adding $3,121 every year, while hoping to spend $39,917 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: 50/32/18 Blend
29$613,000$613,000$613,000$613,000
30$678,745$646,256$636,755$709,145
31$705,506$635,451$615,615$719,653
32$733,658$622,779$592,429$726,695
33$763,302$608,106$567,086$733,489
34$794,546$591,291$539,470$740,026
35$827,509$572,183$509,462$746,299
36$862,320$550,625$476,933$752,302
37$899,118$526,447$441,753$758,031
38$938,059$499,474$403,782$763,487
39$979,310$469,517$362,877$768,671
40$1,023,053$436,377$318,888$773,590
41$1,069,490$399,845$271,656$778,256
42$1,118,839$359,698$221,017$782,683
43$1,171,340$315,703$166,800$786,894
44$1,227,255$267,610$108,826$790,915
45$1,286,871$215,159$46,908$794,784
46$1,350,502$158,073$0$798,543
47$1,418,494$96,059$0$805,930
48$1,491,223$28,809$0$823,180
49$1,569,104$0$0$841,394
50$1,652,591$0$0$876,201
51$1,742,182$0$0$924,483
52$1,838,423$0$0$976,395
53$1,941,915$0$0$1,032,267
54$2,053,317$0$0$1,092,461
55$2,173,351$0$0$1,157,374
56$2,302,812$0$0$1,227,443
57$2,442,574$0$0$1,303,147
58$2,593,594$0$0$1,385,014
59$2,756,928$0$0$1,473,623
60$2,933,734$0$0$1,569,612
61$3,125,286$0$0$1,673,680
62$3,332,983$0$0$1,786,598
63$3,558,366$0$0$1,909,213
64$3,803,130$0$0$2,042,457
65$4,069,136$0$0$2,187,355
66$4,358,434$0$0$2,345,034
67$4,673,280$0$0$2,516,736
68$5,016,154$0$0$2,703,824
69$5,389,787$0$0$2,907,804
70$5,797,182$0$0$3,130,326
71$6,241,647$0$0$3,373,213
72$6,726,823$0$0$3,638,468
73$7,256,714$0$0$3,928,296
74$7,835,733$0$0$4,245,125
75$8,468,735$0$0$4,591,630
76$9,161,067$0$0$4,970,754
77$9,918,615$0$0$5,385,737
78$10,747,861$0$0$5,840,150
79$11,655,942$0$0$6,337,922
80$12,650,720$0$0$6,883,383
81$13,740,850$0$0$7,481,299
82$14,935,866$0$0$8,136,921
83$16,246,267$0$0$8,856,031
84$17,683,618$0$0$9,644,997
85$19,260,656$0$0$10,510,837
86$20,991,410$0$0$11,461,277
87$22,891,337$0$0$12,504,829
88$24,977,457$0$0$13,650,870
89$27,268,525$0$0$14,909,729
90$29,785,198$0$0$16,292,787
91$32,550,234$0$0$17,812,577
92$35,588,701$0$0$19,482,911
93$38,928,220$0$0$21,319,002
94$42,599,218$0$0$23,337,613
95$46,635,218$0$0$25,557,210
96$51,073,153$0$0$27,998,141
97$55,953,714$0$0$30,682,819
98$61,321,731$0$0$33,635,945
99$67,226,599$0$0$36,884,729
100$73,722,740$0$0$40,459,153