Can I retire at age 30 with 614,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%13.1%
1 years$50,704$50,252$49,811$49,381$48,961$48,329
2 years$25,101$24,633$24,180$23,741$23,315$22,679
3 years$16,568$16,098$15,646$15,211$14,792$14,172
4 years$12,302$11,834$11,386$10,959$10,550$9,951
5 years$9,743$9,278$8,836$8,417$8,020$7,443
6 years$8,038$7,576$7,141$6,731$6,346$5,792
7 years$6,820$6,362$5,934$5,534$5,161$4,631
8 years$5,907$5,454$5,033$4,643$4,281$3,775
9 years$5,198$4,748$4,335$3,954$3,606$3,122
10 years$4,631$4,186$3,779$3,409$3,072$2,611
11 years$4,167$3,726$3,327$2,967$2,642$2,203
12 years$3,780$3,344$2,953$2,602$2,290$1,873
13 years$3,454$3,022$2,638$2,297$1,997$1,601
14 years$3,174$2,747$2,370$2,039$1,750$1,375
15 years$2,932$2,510$2,140$1,819$1,541$1,186
16 years$2,720$2,303$1,940$1,628$1,362$1,026
17 years$2,534$2,121$1,766$1,463$1,208$891
18 years$2,368$1,959$1,612$1,319$1,074$775
19 years$2,220$1,816$1,475$1,191$957$676
20 years$2,087$1,688$1,354$1,079$855$590
21 years$1,967$1,572$1,246$979$765$516
22 years$1,857$1,467$1,148$890$686$452
23 years$1,758$1,372$1,060$811$616$396
24 years$1,667$1,286$980$740$553$348
25 years$1,583$1,207$908$675$498$306
26 years$1,506$1,134$842$618$448$269
27 years$1,435$1,067$782$565$404$237
28 years$1,368$1,006$727$518$365$208
29 years$1,307$949$676$475$329$183
30 years$1,250$896$630$436$298$162
31 years$1,196$847$587$400$269$142
32 years$1,146$801$548$368$243$126
33 years$1,100$759$512$338$220$111
34 years$1,056$719$478$311$199$98
35 years$1,014$682$447$287$181$86
36 years$975$648$418$264$164$76
37 years$938$615$391$243$148$67
38 years$904$585$367$224$134$59
39 years$871$556$343$207$122$52
40 years$839$529$322$191$111$46
41 years$810$503$302$176$100$41
42 years$782$479$283$162$91$36
43 years$755$457$266$150$83$32
44 years$730$435$249$138$75$28
45 years$705$415$234$128$68$25
46 years$682$396$220$118$62$22
47 years$660$378$207$109$56$20
48 years$639$361$194$101$51$17
49 years$619$345$182$93$46$15
50 years$599$329$172$86$42$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $614,000, adding $5,805 every year, while hoping to spend $49,105 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: 48/37/15 Blend
29$614,000$614,000$614,000$614,000
30$682,616$650,074$640,557$712,260
31$699,995$629,680$609,768$712,964
32$717,502$606,641$576,302$708,213
33$735,096$580,776$540,018$701,978
34$752,734$551,892$500,766$694,139
35$770,365$519,787$458,394$684,565
36$787,931$484,245$412,739$673,118
37$805,366$445,040$363,632$659,650
38$822,598$401,931$310,898$644,002
39$839,543$354,665$254,353$626,001
40$856,107$302,974$193,804$605,465
41$872,184$246,575$129,051$582,198
42$887,657$185,167$59,885$555,988
43$902,394$118,436$0$526,609
44$916,246$46,047$0$496,047
45$929,047$0$0$472,185
46$940,614$0$0$458,359
47$950,740$0$0$462,480
48$959,196$0$0$465,680
49$965,725$0$0$467,820
50$970,045$0$0$468,750
51$971,838$0$0$468,301
52$970,754$0$0$466,286
53$966,403$0$0$462,498
54$958,351$0$0$456,705
55$946,120$0$0$448,653
56$929,177$0$0$438,059
57$906,932$0$0$424,609
58$878,731$0$0$407,956
59$843,853$0$0$387,715
60$801,494$0$0$363,462
61$750,769$0$0$334,725
62$690,697$0$0$300,983
63$620,194$0$0$261,662
64$538,059$0$0$216,125
65$442,966$0$0$163,667
66$333,449$0$0$103,512
67$207,889$0$0$34,800
68$64,496$0$0$0
69$0$0$0$0
70$0$0$0$0
71$0$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0