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%11.2%
1 years$50,786$50,334$49,892$49,462$49,041$48,793
2 years$25,142$24,673$24,220$23,780$23,353$23,103
3 years$16,595$16,124$15,672$15,236$14,816$14,571
4 years$12,322$11,853$11,405$10,977$10,567$10,330
5 years$9,759$9,293$8,851$8,431$8,033$7,804
6 years$8,051$7,588$7,153$6,742$6,356$6,135
7 years$6,831$6,373$5,944$5,543$5,169$4,957
8 years$5,917$5,463$5,041$4,650$4,288$4,084
9 years$5,206$4,756$4,342$3,961$3,611$3,416
10 years$4,638$4,192$3,785$3,414$3,077$2,890
11 years$4,173$3,732$3,332$2,971$2,646$2,467
12 years$3,787$3,350$2,957$2,606$2,293$2,122
13 years$3,459$3,027$2,642$2,301$2,000$1,837
14 years$3,179$2,752$2,374$2,043$1,753$1,598
15 years$2,937$2,514$2,144$1,822$1,544$1,396
16 years$2,725$2,306$1,943$1,631$1,364$1,224
17 years$2,538$2,124$1,768$1,466$1,210$1,076
18 years$2,372$1,963$1,614$1,321$1,075$949
19 years$2,224$1,819$1,478$1,193$959$839
20 years$2,090$1,690$1,356$1,081$856$743
21 years$1,970$1,574$1,248$981$766$659
22 years$1,860$1,470$1,150$892$687$585
23 years$1,761$1,375$1,062$812$617$521
24 years$1,669$1,288$982$741$554$464
25 years$1,586$1,209$909$677$499$414
26 years$1,508$1,136$843$619$449$369
27 years$1,437$1,069$783$566$405$330
28 years$1,371$1,007$728$519$365$295
29 years$1,309$950$678$476$330$264
30 years$1,252$897$631$437$298$236
31 years$1,198$848$588$401$270$211
32 years$1,148$803$549$369$244$189
33 years$1,101$760$513$339$221$170
34 years$1,057$721$479$312$200$152
35 years$1,016$683$448$287$181$136
36 years$977$649$419$264$164$122
37 years$940$616$392$244$149$110
38 years$905$585$367$225$135$98
39 years$872$557$344$207$122$88
40 years$841$530$322$191$111$79
41 years$811$504$302$176$101$71
42 years$783$480$284$163$91$64
43 years$756$458$266$150$83$57
44 years$731$436$250$139$75$52
45 years$706$416$235$128$68$46
46 years$683$397$220$118$62$42
47 years$661$379$207$109$56$37
48 years$640$361$194$101$51$34
49 years$620$345$183$93$46$30
50 years$600$330$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 $615,000, adding $3,367 every year, while hoping to spend $23,821 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: 51/43/6 Blend
29$615,000$615,000$615,000$615,000
30$681,203$648,608$639,076$714,786
31$725,340$655,044$635,139$744,415
32$773,181$660,998$630,273$773,746
33$825,079$666,420$624,420$805,058
34$881,420$671,257$617,521$838,541
35$942,632$675,456$609,515$874,407
36$1,009,183$678,957$600,337$912,888
37$1,081,591$681,696$589,919$954,242
38$1,160,423$683,609$578,191$998,755
39$1,246,303$684,623$565,077$1,046,740
40$1,339,920$684,663$550,501$1,098,546
41$1,442,030$683,651$534,382$1,154,557
42$1,553,468$681,499$516,634$1,215,198
43$1,675,148$678,120$497,168$1,280,937
44$1,808,082$673,416$475,891$1,352,295
45$1,953,380$667,288$452,708$1,429,843
46$2,112,266$659,626$427,515$1,514,214
47$2,286,087$650,318$400,206$1,606,109
48$2,476,327$639,242$370,672$1,706,298
49$2,684,618$626,271$338,796$1,815,636
50$2,912,760$611,269$304,456$1,935,065
51$3,162,733$594,093$267,527$2,065,625
52$3,436,719$574,590$227,876$2,208,467
53$3,737,120$552,601$185,366$2,364,858
54$4,066,583$527,954$139,851$2,536,202
55$4,428,021$500,471$91,183$2,724,045
56$4,824,645$469,960$39,204$2,930,096
57$5,259,992$436,221$0$3,156,242
58$5,737,955$399,040$0$3,405,607
59$6,262,827$358,193$0$3,682,195
60$6,839,332$313,442$0$3,986,042
61$7,472,679$264,536$0$4,319,961
62$8,168,603$211,209$0$4,687,056
63$8,933,423$153,180$0$5,090,752
64$9,774,100$90,155$0$5,534,829
65$10,698,305$21,819$0$6,023,456
66$11,714,488$0$0$6,561,232
67$12,831,957$0$0$7,177,913
68$14,060,969$0$0$7,867,574
69$15,412,825$0$0$8,626,243
70$16,899,976$0$0$9,460,915
71$18,536,141$0$0$10,379,301
72$20,336,434$0$0$11,389,892
73$22,317,509$0$0$12,502,049
74$24,497,717$0$0$13,726,083
75$26,897,277$0$0$15,073,357
76$29,538,467$0$0$16,556,389
77$32,445,834$0$0$18,188,976
78$35,646,428$0$0$19,986,318
79$39,170,053$0$0$21,965,163
80$43,049,550$0$0$24,143,969
81$47,321,106$0$0$26,543,071
82$52,024,597$0$0$29,184,878
83$57,203,961$0$0$32,094,083
84$62,907,616$0$0$35,297,897
85$69,188,911$0$0$38,826,302
86$76,106,638$0$0$42,712,336
87$83,725,577$0$0$46,992,407
88$92,117,114$0$0$51,706,632
89$101,359,910$0$0$56,899,221
90$111,540,648$0$0$62,618,886
91$122,754,845$0$0$68,919,309
92$135,107,757$0$0$75,859,645
93$148,715,371$0$0$83,505,077
94$163,705,501$0$0$91,927,438
95$180,218,991$0$0$101,205,882
96$198,411,045$0$0$111,427,636
97$218,452,696$0$0$122,688,819
98$240,532,412$0$0$135,095,353
99$264,857,881$0$0$148,763,960
100$291,657,970$0$0$163,823,265