Can I retire at age 30 with 618,000?

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 $618,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$51,034$50,579$50,136$49,703$49,280$48,584
2 years$25,264$24,794$24,338$23,896$23,467$22,767
3 years$16,676$16,203$15,748$15,310$14,888$14,206
4 years$12,382$11,911$11,461$11,030$10,618$9,959
5 years$9,807$9,338$8,894$8,472$8,072$7,438
6 years$8,090$7,625$7,188$6,775$6,387$5,779
7 years$6,865$6,404$5,973$5,570$5,194$4,612
8 years$5,946$5,489$5,066$4,673$4,309$3,753
9 years$5,232$4,779$4,363$3,980$3,629$3,098
10 years$4,661$4,213$3,804$3,431$3,092$2,587
11 years$4,194$3,750$3,349$2,986$2,659$2,179
12 years$3,805$3,366$2,972$2,619$2,305$1,848
13 years$3,476$3,042$2,655$2,312$2,010$1,577
14 years$3,195$2,765$2,386$2,053$1,762$1,352
15 years$2,951$2,526$2,154$1,831$1,551$1,164
16 years$2,738$2,318$1,953$1,639$1,371$1,005
17 years$2,550$2,134$1,777$1,473$1,215$870
18 years$2,383$1,972$1,622$1,327$1,081$756
19 years$2,234$1,828$1,485$1,199$963$657
20 years$2,100$1,699$1,363$1,086$860$573
21 years$1,979$1,582$1,254$986$770$500
22 years$1,869$1,477$1,155$896$690$437
23 years$1,769$1,381$1,067$816$620$382
24 years$1,678$1,294$987$744$557$335
25 years$1,593$1,215$914$680$501$293
26 years$1,516$1,141$848$622$451$257
27 years$1,444$1,074$787$569$407$226
28 years$1,377$1,012$732$521$367$198
29 years$1,316$955$681$478$332$174
30 years$1,258$902$634$439$300$153
31 years$1,204$853$591$403$271$135
32 years$1,154$807$552$370$245$119
33 years$1,107$764$515$341$222$104
34 years$1,062$724$481$313$201$92
35 years$1,021$687$450$288$182$81
36 years$982$652$421$266$165$71
37 years$944$619$394$245$149$63
38 years$909$588$369$226$135$55
39 years$876$559$346$208$123$49
40 years$845$532$324$192$111$43
41 years$815$507$304$177$101$38
42 years$787$483$285$163$92$33
43 years$760$460$267$151$83$29
44 years$734$438$251$139$76$26
45 years$710$418$236$129$69$23
46 years$687$399$221$119$62$20
47 years$664$380$208$110$57$18
48 years$643$363$195$101$51$16
49 years$623$347$184$94$47$14
50 years$603$331$173$87$42$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $618,000, adding $2,153 every year, while hoping to spend $29,650 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: 66/10/24 Blend
29$618,000$618,000$618,000$618,000
30$683,257$650,503$640,924$723,981
31$721,402$650,830$630,847$751,969
32$762,444$650,180$619,440$779,002
33$806,647$648,472$606,625$807,876
34$854,301$645,624$592,323$838,775
35$905,726$641,545$576,452$871,900
36$961,271$636,142$558,924$907,475
37$1,021,321$629,313$539,648$945,746
38$1,086,299$620,953$518,530$986,987
39$1,156,670$610,949$495,469$1,031,499
40$1,232,945$599,180$470,363$1,079,616
41$1,315,687$585,522$443,102$1,131,706
42$1,405,514$569,839$413,572$1,188,178
43$1,503,105$551,989$381,655$1,249,481
44$1,609,208$531,824$347,227$1,316,113
45$1,724,647$509,183$310,159$1,388,624
46$1,850,327$483,898$270,315$1,467,621
47$1,987,243$455,792$227,554$1,553,776
48$2,136,493$424,677$181,728$1,647,828
49$2,299,283$390,353$132,683$1,750,598
50$2,476,940$352,611$80,258$1,862,989
51$2,670,927$311,229$24,286$1,985,999
52$2,882,853$265,970$0$2,120,731
53$3,114,490$216,588$0$2,277,479
54$3,367,787$162,820$0$2,455,737
55$3,644,893$104,390$0$2,650,812
56$3,948,171$41,004$0$2,864,392
57$4,280,226$0$0$3,098,339
58$4,643,925$0$0$3,357,746
59$5,042,426$0$0$3,646,957
60$5,479,205$0$0$3,963,990
61$5,958,093$0$0$4,311,628
62$6,483,308$0$0$4,692,941
63$7,059,496$0$0$5,111,305
64$7,691,774$0$0$5,570,442
65$8,385,779$0$0$6,074,452
66$9,147,720$0$0$6,627,849
67$9,984,436$0$0$7,235,607
68$10,903,463$0$0$7,903,206
69$11,913,100$0$0$8,636,682
70$13,022,490$0$0$9,442,683
71$14,241,707$0$0$10,328,536
72$15,581,849$0$0$11,302,310
73$17,055,140$0$0$12,372,898
74$18,675,052$0$0$13,550,096
75$20,456,424$0$0$14,844,695
76$22,415,606$0$0$16,268,586
77$24,570,612$0$0$17,834,871
78$26,941,290$0$0$19,557,984
79$29,549,508$0$0$21,453,829
80$32,419,361$0$0$23,539,930
81$35,577,397$0$0$25,835,594
82$39,052,867$0$0$28,362,096
83$42,878,003$0$0$31,142,875
84$47,088,317$0$0$34,203,762
85$51,722,941$0$0$37,573,214
86$56,824,992$0$0$41,282,592
87$62,441,982$0$0$45,366,449
88$68,626,261$0$0$49,862,860
89$75,435,515$0$0$54,813,779
90$82,933,308$0$0$60,265,437
91$91,189,683$0$0$66,268,774
92$100,281,819$0$0$72,879,924
93$110,294,762$0$0$80,160,741
94$121,322,228$0$0$88,179,384
95$133,467,484$0$0$97,010,960
96$146,844,322$0$0$106,738,230
97$161,578,138$0$0$117,452,394
98$177,807,108$0$0$129,253,950
99$195,683,494$0$0$142,253,639
100$215,375,084$0$0$156,573,493