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%18.2%
1 years$50,786$50,334$49,892$49,462$49,041$47,414
2 years$25,142$24,673$24,220$23,780$23,353$21,730
3 years$16,595$16,124$15,672$15,236$14,816$13,247
4 years$12,322$11,853$11,405$10,977$10,567$9,065
5 years$9,759$9,293$8,851$8,431$8,033$6,601
6 years$8,051$7,588$7,153$6,742$6,356$4,996
7 years$6,831$6,373$5,944$5,543$5,169$3,881
8 years$5,917$5,463$5,041$4,650$4,288$3,071
9 years$5,206$4,756$4,342$3,961$3,611$2,463
10 years$4,638$4,192$3,785$3,414$3,077$1,996
11 years$4,173$3,732$3,332$2,971$2,646$1,631
12 years$3,787$3,350$2,957$2,606$2,293$1,341
13 years$3,459$3,027$2,642$2,301$2,000$1,108
14 years$3,179$2,752$2,374$2,043$1,753$919
15 years$2,937$2,514$2,144$1,822$1,544$765
16 years$2,725$2,306$1,943$1,631$1,364$638
17 years$2,538$2,124$1,768$1,466$1,210$534
18 years$2,372$1,963$1,614$1,321$1,075$448
19 years$2,224$1,819$1,478$1,193$959$376
20 years$2,090$1,690$1,356$1,081$856$316
21 years$1,970$1,574$1,248$981$766$266
22 years$1,860$1,470$1,150$892$687$224
23 years$1,761$1,375$1,062$812$617$188
24 years$1,669$1,288$982$741$554$159
25 years$1,586$1,209$909$677$499$134
26 years$1,508$1,136$843$619$449$113
27 years$1,437$1,069$783$566$405$96
28 years$1,371$1,007$728$519$365$81
29 years$1,309$950$678$476$330$68
30 years$1,252$897$631$437$298$58
31 years$1,198$848$588$401$270$49
32 years$1,148$803$549$369$244$41
33 years$1,101$760$513$339$221$35
34 years$1,057$721$479$312$200$29
35 years$1,016$683$448$287$181$25
36 years$977$649$419$264$164$21
37 years$940$616$392$244$149$18
38 years$905$585$367$225$135$15
39 years$872$557$344$207$122$13
40 years$841$530$322$191$111$11
41 years$811$504$302$176$101$9
42 years$783$480$284$163$91$8
43 years$756$458$266$150$83$7
44 years$731$436$250$139$75$6
45 years$706$416$235$128$68$5
46 years$683$397$220$118$62$4
47 years$661$379$207$109$56$3
48 years$640$361$194$101$51$3
49 years$620$345$183$93$46$2
50 years$600$330$172$86$42$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $615,000, adding $2,808 every year, while hoping to spend $48,020 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: 30/46/24 Blend
29$615,000$615,000$615,000$615,000
30$680,626$648,031$638,499$695,912
31$698,957$628,692$608,796$688,576
32$717,549$606,796$576,488$676,241
33$736,376$582,166$541,438$661,989
34$755,412$554,617$503,501$645,683
35$774,623$523,952$462,527$627,182
36$793,971$489,963$418,359$606,333
37$813,413$452,428$370,831$582,975
38$832,900$411,116$319,773$556,937
39$852,375$365,780$265,004$528,037
40$871,774$316,160$206,338$496,081
41$891,024$261,980$143,580$460,864
42$910,042$202,952$76,524$422,170
43$928,737$138,767$4,958$379,766
44$947,004$69,102$0$333,406
45$964,725$0$0$301,118
46$981,769$0$0$270,112
47$997,989$0$0$273,759
48$1,013,219$0$0$277,024
49$1,027,277$0$0$279,846
50$1,039,956$0$0$282,155
51$1,051,026$0$0$283,873
52$1,060,234$0$0$284,914
53$1,067,293$0$0$285,181
54$1,071,889$0$0$284,569
55$1,073,669$0$0$282,959
56$1,072,242$0$0$280,219
57$1,067,175$0$0$276,205
58$1,057,987$0$0$270,754
59$1,044,143$0$0$263,689
60$1,025,052$0$0$254,810
61$1,000,057$0$0$243,898
62$968,432$0$0$230,711
63$929,372$0$0$214,980
64$881,985$0$0$196,408
65$825,287$0$0$174,665
66$758,185$0$0$149,389
67$679,474$0$0$120,177
68$587,819$0$0$86,585
69$481,744$0$0$48,123
70$359,621$0$0$4,248
71$219,645$0$0$0
72$59,828$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