Can I retire at age 30 with 614,000?

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 $614,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$50,704$50,252$49,811$49,381$48,961$48,714
2 years$25,101$24,633$24,180$23,741$23,315$23,065
3 years$16,568$16,098$15,646$15,211$14,792$14,548
4 years$12,302$11,834$11,386$10,959$10,550$10,313
5 years$9,743$9,278$8,836$8,417$8,020$7,791
6 years$8,038$7,576$7,141$6,731$6,346$6,125
7 years$6,820$6,362$5,934$5,534$5,161$4,949
8 years$5,907$5,454$5,033$4,643$4,281$4,078
9 years$5,198$4,748$4,335$3,954$3,606$3,410
10 years$4,631$4,186$3,779$3,409$3,072$2,885
11 years$4,167$3,726$3,327$2,967$2,642$2,463
12 years$3,780$3,344$2,953$2,602$2,290$2,119
13 years$3,454$3,022$2,638$2,297$1,997$1,834
14 years$3,174$2,747$2,370$2,039$1,750$1,595
15 years$2,932$2,510$2,140$1,819$1,541$1,393
16 years$2,720$2,303$1,940$1,628$1,362$1,222
17 years$2,534$2,121$1,766$1,463$1,208$1,074
18 years$2,368$1,959$1,612$1,319$1,074$947
19 years$2,220$1,816$1,475$1,191$957$837
20 years$2,087$1,688$1,354$1,079$855$742
21 years$1,967$1,572$1,246$979$765$658
22 years$1,857$1,467$1,148$890$686$584
23 years$1,758$1,372$1,060$811$616$520
24 years$1,667$1,286$980$740$553$463
25 years$1,583$1,207$908$675$498$413
26 years$1,506$1,134$842$618$448$369
27 years$1,435$1,067$782$565$404$329
28 years$1,368$1,006$727$518$365$294
29 years$1,307$949$676$475$329$263
30 years$1,250$896$630$436$298$236
31 years$1,196$847$587$400$269$211
32 years$1,146$801$548$368$243$189
33 years$1,100$759$512$338$220$169
34 years$1,056$719$478$311$199$152
35 years$1,014$682$447$287$181$136
36 years$975$648$418$264$164$122
37 years$938$615$391$243$148$110
38 years$904$585$367$224$134$98
39 years$871$556$343$207$122$88
40 years$839$529$322$191$111$79
41 years$810$503$302$176$100$71
42 years$782$479$283$162$91$64
43 years$755$457$266$150$83$57
44 years$730$435$249$138$75$52
45 years$705$415$234$128$68$46
46 years$682$396$220$118$62$42
47 years$660$378$207$109$56$37
48 years$639$361$194$101$51$34
49 years$619$345$182$93$46$30
50 years$599$329$172$86$42$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $614,000, adding $6,020 every year, while hoping to spend $22,486 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: 49/42/9 Blend
29$614,000$614,000$614,000$614,000
30$682,838$650,296$640,779$714,371
31$728,562$658,235$638,320$744,548
32$778,197$665,810$635,025$774,436
33$832,117$672,979$630,842$806,378
34$890,735$679,697$625,718$840,573
35$954,505$685,917$619,594$877,240
36$1,023,927$691,589$612,413$916,619
37$1,099,549$696,659$604,110$958,980
38$1,181,977$701,069$594,622$1,004,617
39$1,271,877$704,759$583,880$1,053,856
40$1,369,980$707,664$571,812$1,107,059
41$1,477,093$709,716$558,343$1,164,622
42$1,594,105$710,839$543,395$1,226,986
43$1,721,991$710,958$526,887$1,294,637
44$1,861,829$709,990$508,732$1,368,112
45$2,014,802$707,846$488,841$1,448,002
46$2,182,215$704,433$467,120$1,534,964
47$2,365,504$699,654$443,472$1,629,719
48$2,566,250$693,402$417,793$1,733,066
49$2,786,196$685,567$389,978$1,845,888
50$3,027,260$676,031$359,913$1,969,156
51$3,291,553$664,670$327,483$2,103,947
52$3,581,403$651,350$292,565$2,251,447
53$3,899,372$635,932$255,032$2,412,966
54$4,248,283$618,268$214,751$2,589,951
55$4,631,244$598,200$171,582$2,783,999
56$5,051,682$575,562$125,380$2,996,873
57$5,513,368$550,178$75,995$3,230,517
58$6,020,457$521,863$23,267$3,487,080
59$6,577,529$490,420$0$3,768,931
60$7,189,626$455,639$0$4,081,856
61$7,862,304$417,302$0$4,428,163
62$8,601,685$375,175$0$4,808,816
63$9,414,511$329,013$0$5,227,350
64$10,308,212$278,556$0$5,687,661
65$11,290,974$223,530$0$6,194,048
66$12,371,814$163,643$0$6,751,253
67$13,560,669$98,591$0$7,364,507
68$14,868,484$28,050$0$8,039,577
69$16,307,323$0$0$8,782,827
70$17,890,474$0$0$9,623,607
71$19,632,581$0$0$10,563,147
72$21,549,777$0$0$11,597,196
73$23,659,839$0$0$12,735,351
74$25,982,354$0$0$13,988,187
75$28,538,907$0$0$15,367,359
76$31,353,278$0$0$16,885,706
77$34,451,672$0$0$18,557,377
78$37,862,963$0$0$20,397,962
79$41,618,969$0$0$22,424,641
80$45,754,748$0$0$24,656,343
81$50,308,931$0$0$27,113,926
82$55,324,088$0$0$29,820,376
83$60,847,126$0$0$32,801,020
84$66,929,733$0$0$36,083,767
85$73,628,866$0$0$39,699,371
86$81,007,288$0$0$43,681,721
87$89,134,160$0$0$48,068,160
88$98,085,694$0$0$52,899,840
89$107,945,868$0$0$58,222,107
90$118,807,227$0$0$64,084,928
91$130,771,747$0$0$70,543,369
92$143,951,803$0$0$77,658,107
93$158,471,227$0$0$85,496,006
94$174,466,476$0$0$94,130,749
95$192,087,924$0$0$103,643,532
96$211,501,274$0$0$114,123,830
97$232,889,127$0$0$125,670,240
98$256,452,705$0$0$138,391,416
99$282,413,749$0$0$152,407,091
100$311,016,609$0$0$167,849,207