Can I retire at age 30 with 616,000?

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 $616,000?

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$50,869$50,416$49,974$49,542$49,121$48,873
2 years$25,183$24,714$24,259$23,818$23,391$23,140
3 years$16,622$16,151$15,697$15,261$14,840$14,595
4 years$12,342$11,872$11,424$10,994$10,584$10,347
5 years$9,775$9,308$8,865$8,445$8,046$7,816
6 years$8,064$7,601$7,164$6,753$6,366$6,145
7 years$6,842$6,383$5,954$5,552$5,178$4,965
8 years$5,927$5,471$5,049$4,658$4,295$4,091
9 years$5,215$4,764$4,349$3,967$3,617$3,421
10 years$4,646$4,199$3,791$3,420$3,082$2,895
11 years$4,180$3,738$3,338$2,976$2,651$2,471
12 years$3,793$3,355$2,962$2,611$2,297$2,126
13 years$3,465$3,032$2,647$2,305$2,003$1,840
14 years$3,184$2,756$2,378$2,046$1,756$1,600
15 years$2,942$2,518$2,147$1,825$1,546$1,398
16 years$2,729$2,310$1,947$1,634$1,366$1,226
17 years$2,542$2,127$1,771$1,468$1,212$1,078
18 years$2,376$1,966$1,617$1,323$1,077$950
19 years$2,227$1,822$1,480$1,195$960$840
20 years$2,094$1,693$1,359$1,083$858$744
21 years$1,973$1,577$1,250$983$767$660
22 years$1,863$1,472$1,152$893$688$586
23 years$1,764$1,377$1,063$814$618$522
24 years$1,672$1,290$983$742$555$465
25 years$1,588$1,211$911$678$499$414
26 years$1,511$1,138$845$620$450$370
27 years$1,439$1,071$784$567$406$330
28 years$1,373$1,009$729$520$366$295
29 years$1,311$952$679$477$330$264
30 years$1,254$899$632$437$299$236
31 years$1,200$850$589$402$270$212
32 years$1,150$804$550$369$244$190
33 years$1,103$761$513$339$221$170
34 years$1,059$722$480$312$200$152
35 years$1,017$685$448$288$181$137
36 years$978$650$420$265$164$122
37 years$941$617$393$244$149$110
38 years$907$586$368$225$135$99
39 years$873$558$345$207$122$89
40 years$842$531$323$191$111$79
41 years$812$505$303$176$101$71
42 years$784$481$284$163$91$64
43 years$757$458$267$150$83$58
44 years$732$437$250$139$75$52
45 years$708$417$235$128$68$46
46 years$684$397$221$118$62$42
47 years$662$379$207$109$56$38
48 years$641$362$195$101$51$34
49 years$621$346$183$93$46$30
50 years$601$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 $616,000, adding $6,318 every year, while hoping to spend $20,999 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: 75/14/11 Blend
29$616,000$616,000$616,000$616,000
30$685,349$652,701$643,153$734,846
31$732,912$662,341$642,356$777,994
32$784,622$671,749$640,828$822,002
33$840,881$680,892$638,523$869,644
34$902,130$689,734$635,393$921,274
35$968,853$698,237$631,384$977,281
36$1,041,586$706,360$626,445$1,038,095
37$1,120,915$714,060$620,519$1,104,189
38$1,207,488$721,288$613,546$1,176,085
39$1,302,017$727,997$605,465$1,254,356
40$1,405,287$734,132$596,212$1,339,635
41$1,518,159$739,638$585,718$1,432,621
42$1,641,584$744,453$573,913$1,534,081
43$1,776,609$748,515$560,722$1,644,862
44$1,924,386$751,754$546,069$1,765,898
45$2,086,182$754,099$529,871$1,898,217
46$2,263,395$755,473$512,044$2,042,953
47$2,457,563$755,793$492,499$2,201,356
48$2,670,380$754,972$471,144$2,374,802
49$2,903,713$752,919$447,881$2,564,808
50$3,159,615$749,536$422,608$2,773,048
51$3,440,350$744,718$395,220$3,001,365
52$3,748,412$738,355$365,606$3,251,791
53$4,086,546$730,331$333,650$3,526,565
54$4,457,777$720,521$299,231$3,828,156
55$4,865,438$708,793$262,223$4,159,283
56$5,313,199$695,010$222,493$4,522,945
57$5,805,103$679,023$179,904$4,922,447
58$6,345,604$660,677$134,312$5,361,432
59$6,939,612$639,806$85,567$5,843,913
60$7,592,530$616,234$33,512$6,374,317
61$8,310,316$589,778$0$6,957,519
62$9,099,532$560,241$0$7,601,484
63$9,967,407$527,415$0$8,313,913
64$10,921,907$491,083$0$9,097,420
65$11,971,807$451,011$0$9,959,226
66$13,126,777$406,956$0$10,907,284
67$14,397,470$358,659$0$11,950,363
68$15,795,624$305,845$0$13,098,124
69$17,334,172$248,226$0$14,361,213
70$19,027,365$185,497$0$15,751,364
71$20,890,905$117,335$0$17,281,507
72$22,942,093$43,399$0$18,965,890
73$25,199,991$0$0$20,820,218
74$27,685,606$0$0$22,867,443
75$30,422,083$0$0$25,128,678
76$33,434,926$0$0$27,618,315
77$36,752,238$0$0$30,359,580
78$40,404,984$0$0$33,378,066
79$44,427,286$0$0$36,701,974
80$48,856,745$0$0$40,362,381
81$53,734,792$0$0$44,393,529
82$59,107,081$0$0$48,833,150
83$65,023,921$0$0$53,722,824
84$71,540,748$0$0$59,108,369
85$78,718,649$0$0$65,040,273
86$86,624,940$0$0$71,574,171
87$95,333,798$0$0$78,771,369
88$104,926,962$0$0$86,699,426
89$115,494,507$0$0$95,432,786
90$127,135,688$0$0$105,053,485
91$139,959,883$0$0$115,651,921
92$154,087,621$0$0$127,327,711
93$169,651,721$0$0$140,190,630
94$186,798,545$0$0$154,361,645
95$205,689,378$0$0$169,974,057
96$226,501,955$0$0$187,174,763
97$249,432,130$0$0$206,125,636
98$274,695,733$0$0$227,005,058
99$302,530,602$0$0$250,009,602
100$333,198,828$0$0$275,355,884