Can I retire at age 30 with 615,000?

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 $615,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$50,786$50,334$49,892$49,462$49,041$47,836
2 years$25,142$24,673$24,220$23,780$23,353$22,146
3 years$16,595$16,124$15,672$15,236$14,816$13,646
4 years$12,322$11,853$11,405$10,977$10,567$9,442
5 years$9,759$9,293$8,851$8,431$8,033$6,956
6 years$8,051$7,588$7,153$6,742$6,356$5,328
7 years$6,831$6,373$5,944$5,543$5,169$4,191
8 years$5,917$5,463$5,041$4,650$4,288$3,359
9 years$5,206$4,756$4,342$3,961$3,611$2,731
10 years$4,638$4,192$3,785$3,414$3,077$2,244
11 years$4,173$3,732$3,332$2,971$2,646$1,859
12 years$3,787$3,350$2,957$2,606$2,293$1,551
13 years$3,459$3,027$2,642$2,301$2,000$1,300
14 years$3,179$2,752$2,374$2,043$1,753$1,095
15 years$2,937$2,514$2,144$1,822$1,544$926
16 years$2,725$2,306$1,943$1,631$1,364$785
17 years$2,538$2,124$1,768$1,466$1,210$667
18 years$2,372$1,963$1,614$1,321$1,075$569
19 years$2,224$1,819$1,478$1,193$959$485
20 years$2,090$1,690$1,356$1,081$856$415
21 years$1,970$1,574$1,248$981$766$355
22 years$1,860$1,470$1,150$892$687$304
23 years$1,761$1,375$1,062$812$617$261
24 years$1,669$1,288$982$741$554$224
25 years$1,586$1,209$909$677$499$192
26 years$1,508$1,136$843$619$449$165
27 years$1,437$1,069$783$566$405$142
28 years$1,371$1,007$728$519$365$122
29 years$1,309$950$678$476$330$105
30 years$1,252$897$631$437$298$90
31 years$1,198$848$588$401$270$78
32 years$1,148$803$549$369$244$67
33 years$1,101$760$513$339$221$58
34 years$1,057$721$479$312$200$50
35 years$1,016$683$448$287$181$43
36 years$977$649$419$264$164$37
37 years$940$616$392$244$149$32
38 years$905$585$367$225$135$27
39 years$872$557$344$207$122$24
40 years$841$530$322$191$111$20
41 years$811$504$302$176$101$17
42 years$783$480$284$163$91$15
43 years$756$458$266$150$83$13
44 years$731$436$250$139$75$11
45 years$706$416$235$128$68$10
46 years$683$397$220$118$62$8
47 years$661$379$207$109$56$7
48 years$640$361$194$101$51$6
49 years$620$345$183$93$46$5
50 years$600$330$172$86$42$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $615,000, adding $2,174 every year, while hoping to spend $24,350 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: 70/7/23 Blend
29$615,000$615,000$615,000$615,000
30$679,972$647,377$637,845$723,502
31$723,421$653,191$633,305$758,689
32$770,486$658,473$627,796$794,141
33$821,510$663,172$621,261$832,361
34$876,869$667,233$613,639$873,624
35$936,980$670,597$604,866$918,228
36$1,002,297$673,202$594,874$966,507
37$1,073,325$674,982$583,596$1,018,826
38$1,150,614$675,866$570,956$1,075,588
39$1,234,772$675,779$556,879$1,137,239
40$1,326,469$674,643$541,284$1,204,270
41$1,426,440$672,371$524,089$1,277,222
42$1,535,495$668,876$505,204$1,356,694
43$1,654,526$664,061$484,539$1,443,343
44$1,784,514$657,826$461,997$1,537,897
45$1,926,539$650,065$437,479$1,641,159
46$2,081,791$640,663$410,879$1,754,011
47$2,251,580$629,501$382,089$1,877,430
48$2,437,346$616,452$350,994$2,012,491
49$2,640,678$601,380$317,475$2,160,380
50$2,863,323$584,144$281,407$2,322,407
51$3,107,207$564,592$242,659$2,500,015
52$3,374,449$542,564$201,095$2,694,793
53$3,667,385$517,892$156,574$2,908,499
54$3,988,586$490,396$108,947$3,143,066
55$4,340,884$459,888$58,058$3,400,629
56$4,727,398$426,166$3,747$3,683,542
57$5,151,565$389,021$0$3,994,399
58$5,617,168$348,227$0$4,349,366
59$6,128,378$303,548$0$4,740,140
60$6,689,787$254,736$0$5,169,324
61$7,306,453$201,526$0$5,640,802
62$7,983,949$143,639$0$6,158,851
63$8,728,416$80,781$0$6,728,186
64$9,546,616$12,642$0$7,354,001
65$10,446,002$0$0$8,042,019
66$11,434,783$0$0$8,803,255
67$12,522,003$0$0$9,641,385
68$13,717,627$0$0$10,563,119
69$15,032,633$0$0$11,576,927
70$16,479,118$0$0$12,692,140
71$18,070,409$0$0$13,919,036
72$19,821,190$0$0$15,268,943
73$21,747,640$0$0$16,754,341
74$23,867,586$0$0$18,388,981
75$26,200,669$0$0$20,188,013
76$28,768,532$0$0$22,168,133
77$31,595,022$0$0$24,347,734
78$34,706,415$0$0$26,747,086
79$38,131,665$0$0$29,388,522
80$41,902,673$0$0$32,296,651
81$46,054,594$0$0$35,498,590
82$50,626,164$0$0$39,024,219
83$55,660,064$0$0$42,906,463
84$61,203,328$0$0$47,181,601
85$67,307,782$0$0$51,889,611
86$74,030,535$0$0$57,074,547
87$81,434,515$0$0$62,784,950
88$89,589,066$0$0$69,074,311
89$98,570,601$0$0$76,001,574
90$108,463,321$0$0$83,631,691
91$119,360,012$0$0$92,036,236
92$131,362,918$0$0$101,294,078
93$144,584,709$0$0$111,492,130
94$159,149,540$0$0$122,726,165
95$175,194,225$0$0$135,101,718
96$192,869,527$0$0$148,735,089
97$212,341,584$0$0$163,754,433
98$233,793,471$0$0$180,300,973
99$257,426,931$0$0$198,530,334
100$283,464,279$0$0$218,614,007