Can I retire at age 30 with 617,000?

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 $617,000?

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%
1 years$50,951$50,497$50,055$49,622$49,200$47,972
2 years$25,223$24,754$24,298$23,857$23,429$22,199
3 years$16,649$16,177$15,723$15,285$14,864$13,671
4 years$12,362$11,892$11,442$11,012$10,601$9,455
5 years$9,791$9,323$8,880$8,458$8,059$6,962
6 years$8,077$7,613$7,176$6,764$6,377$5,330
7 years$6,854$6,393$5,963$5,561$5,186$4,190
8 years$5,936$5,480$5,057$4,665$4,302$3,356
9 years$5,223$4,772$4,356$3,974$3,623$2,727
10 years$4,653$4,206$3,798$3,425$3,087$2,239
11 years$4,187$3,744$3,343$2,981$2,655$1,854
12 years$3,799$3,361$2,967$2,615$2,301$1,545
13 years$3,471$3,037$2,651$2,309$2,006$1,295
14 years$3,190$2,761$2,382$2,049$1,759$1,090
15 years$2,946$2,522$2,150$1,828$1,549$921
16 years$2,734$2,314$1,950$1,636$1,369$780
17 years$2,546$2,131$1,774$1,470$1,213$663
18 years$2,380$1,969$1,620$1,325$1,079$564
19 years$2,231$1,825$1,483$1,197$962$481
20 years$2,097$1,696$1,361$1,084$859$411
21 years$1,976$1,580$1,252$984$769$351
22 years$1,866$1,474$1,154$895$689$301
23 years$1,766$1,379$1,065$815$619$258
24 years$1,675$1,292$985$743$556$221
25 years$1,591$1,213$912$679$500$189
26 years$1,513$1,140$846$621$451$163
27 years$1,442$1,072$786$568$406$140
28 years$1,375$1,011$730$520$367$120
29 years$1,313$953$680$477$331$103
30 years$1,256$900$633$438$299$89
31 years$1,202$851$590$402$270$76
32 years$1,152$805$551$370$245$66
33 years$1,105$763$514$340$221$56
34 years$1,061$723$480$313$200$49
35 years$1,019$686$449$288$182$42
36 years$980$651$420$265$164$36
37 years$943$618$393$244$149$31
38 years$908$587$368$225$135$27
39 years$875$559$345$208$123$23
40 years$844$531$323$192$111$20
41 years$814$506$303$177$101$17
42 years$786$482$284$163$92$15
43 years$759$459$267$151$83$13
44 years$733$438$251$139$75$11
45 years$709$417$235$128$68$9
46 years$685$398$221$119$62$8
47 years$663$380$208$110$56$7
48 years$642$363$195$101$51$6
49 years$622$346$183$94$47$5
50 years$602$331$172$86$42$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $617,000, adding $6,891 every year, while hoping to spend $32,326 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: 55/17/28 Blend
29$617,000$617,000$617,000$617,000
30$687,042$654,341$644,778$719,166
31$722,726$652,009$631,983$739,739
32$760,966$648,480$617,676$758,227
33$801,989$643,659$601,773$777,711
34$846,043$637,450$584,184$798,301
35$893,402$629,748$564,817$820,115
36$944,365$620,442$543,574$843,287
37$999,261$609,414$520,355$867,967
38$1,058,452$596,541$495,052$894,321
39$1,122,334$581,692$467,556$922,534
40$1,191,343$564,726$437,751$952,813
41$1,265,959$545,496$405,514$985,385
42$1,346,708$523,847$370,721$1,020,507
43$1,434,170$499,613$333,237$1,058,462
44$1,528,981$472,620$292,927$1,099,564
45$1,631,841$442,683$249,644$1,144,163
46$1,743,521$409,606$203,239$1,192,648
47$1,864,866$373,183$153,554$1,245,450
48$1,996,810$333,196$100,425$1,303,047
49$2,140,376$289,414$43,680$1,365,970
50$2,296,692$241,593$0$1,434,806
51$2,466,999$189,476$0$1,515,251
52$2,652,664$132,791$0$1,617,239
53$2,855,188$71,250$0$1,728,566
54$3,076,226$4,550$0$1,850,181
55$3,317,598$0$0$1,983,128
56$3,581,310$0$0$2,141,215
57$3,869,569$0$0$2,315,001
58$4,184,803$0$0$2,505,109
59$4,529,687$0$0$2,713,158
60$4,907,169$0$0$2,940,932
61$5,320,490$0$0$3,190,397
62$5,773,222$0$0$3,463,716
63$6,269,300$0$0$3,763,272
64$6,813,054$0$0$4,091,691
65$7,409,257$0$0$4,451,861
66$8,063,162$0$0$4,846,968
67$8,780,558$0$0$5,280,518
68$9,567,819$0$0$5,756,374
69$10,431,968$0$0$6,278,790
70$11,380,739$0$0$6,852,453
71$12,422,653$0$0$7,482,527
72$13,567,096$0$0$8,174,698
73$14,824,409$0$0$8,935,233
74$16,205,981$0$0$9,771,035
75$17,724,363$0$0$10,689,706
76$19,393,379$0$0$11,699,626
77$21,228,260$0$0$12,810,025
78$23,245,787$0$0$14,031,070
79$25,464,447$0$0$15,373,967
80$27,904,610$0$0$16,851,059
81$30,588,717$0$0$18,475,945
82$33,541,495$0$0$20,263,612
83$36,790,187$0$0$22,230,569
84$40,364,811$0$0$24,395,007
85$44,298,440$0$0$26,776,972
86$48,627,516$0$0$29,398,547
87$53,392,193$0$0$32,284,068
88$58,636,715$0$0$35,460,349
89$64,409,831$0$0$38,956,935
90$70,765,258$0$0$42,806,381
91$77,762,186$0$0$47,044,559
92$85,465,836$0$0$51,710,997
93$93,948,072$0$0$56,849,250
94$103,288,085$0$0$62,507,313
95$113,573,135$0$0$68,738,070
96$124,899,374$0$0$75,599,798
97$137,372,756$0$0$83,156,711
98$151,110,033$0$0$91,479,569
99$166,239,857$0$0$100,646,347
100$182,903,997$0$0$110,742,965