Can I retire at age 30 with 617,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%19.5%
1 years$50,951$50,497$50,055$49,622$49,200$47,323
2 years$25,223$24,754$24,298$23,857$23,429$21,560
3 years$16,649$16,177$15,723$15,285$14,864$13,062
4 years$12,362$11,892$11,442$11,012$10,601$8,879
5 years$9,791$9,323$8,880$8,458$8,059$6,422
6 years$8,077$7,613$7,176$6,764$6,377$4,826
7 years$6,854$6,393$5,963$5,561$5,186$3,721
8 years$5,936$5,480$5,057$4,665$4,302$2,922
9 years$5,223$4,772$4,356$3,974$3,623$2,325
10 years$4,653$4,206$3,798$3,425$3,087$1,869
11 years$4,187$3,744$3,343$2,981$2,655$1,514
12 years$3,799$3,361$2,967$2,615$2,301$1,234
13 years$3,471$3,037$2,651$2,309$2,006$1,010
14 years$3,190$2,761$2,382$2,049$1,759$831
15 years$2,946$2,522$2,150$1,828$1,549$685
16 years$2,734$2,314$1,950$1,636$1,369$566
17 years$2,546$2,131$1,774$1,470$1,213$469
18 years$2,380$1,969$1,620$1,325$1,079$389
19 years$2,231$1,825$1,483$1,197$962$324
20 years$2,097$1,696$1,361$1,084$859$269
21 years$1,976$1,580$1,252$984$769$224
22 years$1,866$1,474$1,154$895$689$187
23 years$1,766$1,379$1,065$815$619$156
24 years$1,675$1,292$985$743$556$130
25 years$1,591$1,213$912$679$500$109
26 years$1,513$1,140$846$621$451$91
27 years$1,442$1,072$786$568$406$76
28 years$1,375$1,011$730$520$367$63
29 years$1,313$953$680$477$331$53
30 years$1,256$900$633$438$299$44
31 years$1,202$851$590$402$270$37
32 years$1,152$805$551$370$245$31
33 years$1,105$763$514$340$221$26
34 years$1,061$723$480$313$200$22
35 years$1,019$686$449$288$182$18
36 years$980$651$420$265$164$15
37 years$943$618$393$244$149$13
38 years$908$587$368$225$135$11
39 years$875$559$345$208$123$9
40 years$844$531$323$192$111$7
41 years$814$506$303$177$101$6
42 years$786$482$284$163$92$5
43 years$759$459$267$151$83$4
44 years$733$438$251$139$75$4
45 years$709$417$235$128$68$3
46 years$685$398$221$119$62$3
47 years$663$380$208$110$56$2
48 years$642$363$195$101$51$2
49 years$622$346$183$94$47$1
50 years$602$331$172$86$42$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $617,000, adding $4,081 every year, while hoping to spend $31,411 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: 32/43/25 Blend
29$617,000$617,000$617,000$617,000
30$684,144$651,443$641,879$700,687
31$720,505$649,942$629,961$712,089
32$759,523$647,316$616,591$721,275
33$801,434$643,474$601,687$730,538
34$846,501$638,325$585,163$739,908
35$895,009$631,767$566,931$749,417
36$947,272$623,697$546,896$759,104
37$1,003,638$614,001$524,961$769,016
38$1,064,484$602,563$501,022$779,207
39$1,130,229$589,256$474,974$789,740
40$1,201,331$573,948$446,704$800,688
41$1,278,293$556,498$416,095$812,135
42$1,361,670$536,757$383,025$824,177
43$1,452,070$514,568$347,367$836,926
44$1,550,164$489,765$308,986$850,508
45$1,656,688$462,170$267,744$865,067
46$1,772,452$431,599$223,496$880,768
47$1,898,348$397,852$176,088$897,798
48$2,035,355$360,724$125,364$916,366
49$2,184,555$319,992$71,156$936,711
50$2,347,132$275,425$13,293$959,103
51$2,524,395$226,776$0$983,845
52$2,717,781$173,785$0$1,024,205
53$2,928,873$116,179$0$1,072,264
54$3,159,413$53,667$0$1,124,955
55$3,411,321$0$0$1,182,818
56$3,686,706$0$0$1,253,102
57$3,987,895$0$0$1,357,833
58$4,317,448$0$0$1,472,520
59$4,678,183$0$0$1,598,155
60$5,073,203$0$0$1,735,831
61$5,505,928$0$0$1,886,752
62$5,980,122$0$0$2,052,244
63$6,499,930$0$0$2,233,766
64$7,069,918$0$0$2,432,928
65$7,695,115$0$0$2,651,501
66$8,381,061$0$0$2,891,437
67$9,133,856$0$0$3,154,885
68$9,960,220$0$0$3,444,212
69$10,867,557$0$0$3,762,029
70$11,864,022$0$0$4,111,207
71$12,958,597$0$0$4,494,914
72$14,161,178$0$0$4,916,636
73$15,482,669$0$0$5,380,215
74$16,935,078$0$0$5,889,886
75$18,531,638$0$0$6,450,311
76$20,286,927$0$0$7,066,628
77$22,217,005$0$0$7,744,499
78$24,339,566$0$0$8,490,161
79$26,674,105$0$0$9,310,485
80$29,242,103$0$0$10,213,044
81$32,067,225$0$0$11,206,180
82$35,175,545$0$0$12,299,085
83$38,595,794$0$0$13,501,887
84$42,359,627$0$0$14,825,746
85$46,501,924$0$0$16,282,959
86$51,061,116$0$0$17,887,075
87$56,079,550$0$0$19,653,023
88$61,603,885$0$0$21,597,254
89$67,685,535$0$0$23,737,895
90$74,381,152$0$0$26,094,919
91$81,753,160$0$0$28,690,337
92$89,870,344$0$0$31,548,399
93$98,808,500$0$0$34,695,831
94$108,651,147$0$0$38,162,080
95$119,490,315$0$0$41,979,595
96$131,427,416$0$0$46,184,134
97$144,574,197$0$0$50,815,098
98$159,053,797$0$0$55,915,907
99$175,001,907$0$0$61,534,404
100$192,568,050$0$0$67,723,314