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%15.9%
1 years$50,621$50,170$49,730$49,301$48,881$47,700
2 years$25,060$24,593$24,141$23,702$23,277$22,093
3 years$16,541$16,072$15,621$15,186$14,768$13,620
4 years$12,282$11,815$11,368$10,941$10,533$9,428
5 years$9,727$9,263$8,822$8,404$8,007$6,950
6 years$8,025$7,564$7,129$6,720$6,335$5,327
7 years$6,809$6,352$5,925$5,525$5,152$4,192
8 years$5,898$5,445$5,025$4,635$4,274$3,362
9 years$5,189$4,741$4,328$3,948$3,600$2,734
10 years$4,623$4,179$3,773$3,403$3,067$2,248
11 years$4,160$3,720$3,322$2,962$2,638$1,864
12 years$3,774$3,339$2,948$2,598$2,286$1,556
13 years$3,448$3,017$2,634$2,294$1,993$1,306
14 years$3,169$2,743$2,366$2,036$1,747$1,100
15 years$2,927$2,506$2,137$1,816$1,538$931
16 years$2,716$2,299$1,937$1,626$1,360$790
17 years$2,530$2,117$1,763$1,461$1,206$672
18 years$2,364$1,956$1,609$1,316$1,072$573
19 years$2,216$1,813$1,473$1,190$955$489
20 years$2,083$1,685$1,352$1,077$853$418
21 years$1,963$1,569$1,243$978$764$358
22 years$1,854$1,465$1,146$889$685$307
23 years$1,755$1,370$1,058$810$615$264
24 years$1,664$1,284$979$738$552$226
25 years$1,580$1,205$906$674$497$194
26 years$1,503$1,132$841$617$448$167
27 years$1,432$1,066$781$564$404$144
28 years$1,366$1,004$726$517$364$124
29 years$1,305$947$675$474$329$107
30 years$1,248$895$629$435$297$92
31 years$1,194$846$586$400$269$79
32 years$1,145$800$547$367$243$68
33 years$1,098$758$511$338$220$59
34 years$1,054$718$477$311$199$51
35 years$1,013$681$446$286$180$44
36 years$974$647$417$263$163$38
37 years$937$614$391$243$148$32
38 years$902$584$366$224$134$28
39 years$869$555$343$206$122$24
40 years$838$528$321$190$110$21
41 years$809$503$301$176$100$18
42 years$780$479$283$162$91$15
43 years$754$456$265$150$83$13
44 years$728$435$249$138$75$12
45 years$704$415$234$128$68$10
46 years$681$395$220$118$62$9
47 years$659$377$206$109$56$7
48 years$638$360$194$101$51$6
49 years$618$344$182$93$46$5
50 years$599$329$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 $613,000, adding $4,676 every year, while hoping to spend $28,172 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: 32/38/30 Blend
29$613,000$613,000$613,000$613,000
30$680,349$647,860$638,359$695,796
31$719,770$649,631$629,769$709,873
32$762,268$650,544$619,947$722,236
33$808,126$650,527$608,823$735,012
34$857,657$649,506$596,321$748,256
35$911,205$647,397$582,363$762,035
36$969,145$644,117$566,870$776,421
37$1,031,892$639,574$549,755$791,498
38$1,099,902$633,670$530,929$807,361
39$1,173,677$626,304$510,299$824,116
40$1,253,766$617,367$487,768$841,885
41$1,340,776$606,744$463,234$860,803
42$1,435,373$594,313$436,591$881,025
43$1,538,291$579,944$407,727$902,723
44$1,650,337$563,502$376,526$926,090
45$1,772,399$544,841$342,867$951,346
46$1,905,454$523,807$306,623$978,734
47$2,050,576$500,240$267,661$1,008,528
48$2,208,950$473,967$225,843$1,041,033
49$2,381,878$444,807$181,024$1,076,593
50$2,570,795$412,568$133,054$1,115,589
51$2,777,280$377,047$81,774$1,158,450
52$3,003,070$338,030$27,021$1,205,651
53$3,250,080$295,290$0$1,257,724
54$3,520,417$248,588$0$1,325,316
55$3,816,401$197,671$0$1,408,916
56$4,140,588$142,271$0$1,500,659
57$4,495,792$82,106$0$1,601,426
58$4,885,112$16,878$0$1,712,188
59$5,311,961$0$0$1,834,025
60$5,780,098$0$0$1,990,595
61$6,293,665$0$0$2,170,196
62$6,857,221$0$0$2,367,379
63$7,475,791$0$0$2,583,913
64$8,154,907$0$0$2,821,747
65$8,900,666$0$0$3,083,031
66$9,719,781$0$0$3,370,129
67$10,619,651$0$0$3,685,649
68$11,608,424$0$0$4,032,463
69$12,695,077$0$0$4,413,735
70$13,889,500$0$0$4,832,950
71$15,202,589$0$0$5,293,949
72$16,646,349$0$0$5,800,963
73$18,234,005$0$0$6,358,654
74$19,980,128$0$0$6,972,158
75$21,900,773$0$0$7,647,135
76$24,013,628$0$0$8,389,820
77$26,338,182$0$0$9,207,082
78$28,895,908$0$0$10,106,493
79$31,710,466$0$0$11,096,393
80$34,807,924$0$0$12,185,972
81$38,217,008$0$0$13,385,358
82$41,969,367$0$0$14,705,708
83$46,099,874$0$0$16,159,317
84$50,646,956$0$0$17,759,734
85$55,652,955$0$0$19,521,886
86$61,164,526$0$0$21,462,224
87$67,233,078$0$0$23,598,873
88$73,915,261$0$0$25,951,807
89$81,273,496$0$0$28,543,034
90$89,376,565$0$0$31,396,807
91$98,300,262$0$0$34,539,850
92$108,128,106$0$0$38,001,611
93$118,952,128$0$0$41,814,541
94$130,873,741$0$0$46,014,397
95$144,004,697$0$0$50,640,584
96$158,468,138$0$0$55,736,523
97$174,399,761$0$0$61,350,062
98$191,949,098$0$0$67,533,927
99$211,280,924$0$0$74,346,219
100$232,576,818$0$0$81,850,967