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%17.7%
1 years$51,034$50,579$50,136$49,703$49,280$47,741
2 years$25,264$24,794$24,338$23,896$23,467$21,930
3 years$16,676$16,203$15,748$15,310$14,888$13,402
4 years$12,382$11,911$11,461$11,030$10,618$9,194
5 years$9,807$9,338$8,894$8,472$8,072$6,713
6 years$8,090$7,625$7,188$6,775$6,387$5,095
7 years$6,865$6,404$5,973$5,570$5,194$3,969
8 years$5,946$5,489$5,066$4,673$4,309$3,149
9 years$5,232$4,779$4,363$3,980$3,629$2,534
10 years$4,661$4,213$3,804$3,431$3,092$2,060
11 years$4,194$3,750$3,349$2,986$2,659$1,688
12 years$3,805$3,366$2,972$2,619$2,305$1,392
13 years$3,476$3,042$2,655$2,312$2,010$1,154
14 years$3,195$2,765$2,386$2,053$1,762$961
15 years$2,951$2,526$2,154$1,831$1,551$803
16 years$2,738$2,318$1,953$1,639$1,371$673
17 years$2,550$2,134$1,777$1,473$1,215$565
18 years$2,383$1,972$1,622$1,327$1,081$475
19 years$2,234$1,828$1,485$1,199$963$400
20 years$2,100$1,699$1,363$1,086$860$338
21 years$1,979$1,582$1,254$986$770$285
22 years$1,869$1,477$1,155$896$690$241
23 years$1,769$1,381$1,067$816$620$204
24 years$1,678$1,294$987$744$557$173
25 years$1,593$1,215$914$680$501$146
26 years$1,516$1,141$848$622$451$124
27 years$1,444$1,074$787$569$407$105
28 years$1,377$1,012$732$521$367$89
29 years$1,316$955$681$478$332$76
30 years$1,258$902$634$439$300$64
31 years$1,204$853$591$403$271$54
32 years$1,154$807$552$370$245$46
33 years$1,107$764$515$341$222$39
34 years$1,062$724$481$313$201$33
35 years$1,021$687$450$288$182$28
36 years$982$652$421$266$165$24
37 years$944$619$394$245$149$20
38 years$909$588$369$226$135$17
39 years$876$559$346$208$123$15
40 years$845$532$324$192$111$12
41 years$815$507$304$177$101$11
42 years$787$483$285$163$92$9
43 years$760$460$267$151$83$8
44 years$734$438$251$139$76$7
45 years$710$418$236$129$69$6
46 years$687$399$221$119$62$5
47 years$664$380$208$110$57$4
48 years$643$363$195$101$51$3
49 years$623$347$184$94$47$3
50 years$603$331$173$87$42$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $618,000, adding $4,992 every year, while hoping to spend $44,539 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: 49/29/22 Blend
29$618,000$618,000$618,000$618,000
30$686,185$653,431$643,852$715,331
31$708,787$638,060$618,032$720,748
32$732,201$620,443$589,854$721,732
33$756,464$600,423$559,193$721,882
34$781,614$577,834$525,916$721,138
35$807,690$552,500$489,886$719,437
36$834,736$524,234$450,959$716,712
37$862,798$492,840$408,984$712,896
38$891,924$458,110$363,806$707,914
39$922,166$419,823$315,259$701,692
40$953,579$377,747$263,173$694,149
41$986,224$331,636$207,369$685,202
42$1,020,163$281,230$147,660$674,764
43$1,055,463$226,254$83,850$662,743
44$1,092,199$166,419$15,738$649,045
45$1,130,447$101,418$0$633,571
46$1,170,293$30,927$0$629,586
47$1,211,826$0$0$628,425
48$1,255,143$0$0$640,818
49$1,300,350$0$0$664,065
50$1,347,558$0$0$688,357
51$1,396,892$0$0$713,758
52$1,448,481$0$0$740,338
53$1,502,469$0$0$768,174
54$1,559,011$0$0$797,346
55$1,618,274$0$0$827,946
56$1,680,439$0$0$860,068
57$1,745,704$0$0$893,819
58$1,814,283$0$0$929,312
59$1,886,407$0$0$966,671
60$1,962,332$0$0$1,006,032
61$2,042,331$0$0$1,047,542
62$2,126,704$0$0$1,091,361
63$2,215,780$0$0$1,137,664
64$2,309,914$0$0$1,186,642
65$2,409,496$0$0$1,238,503
66$2,514,950$0$0$1,293,476
67$2,626,741$0$0$1,351,807
68$2,745,375$0$0$1,413,770
69$2,871,407$0$0$1,479,661
70$3,005,444$0$0$1,549,807
71$3,148,149$0$0$1,624,563
72$3,300,248$0$0$1,704,319
73$3,462,537$0$0$1,789,503
74$3,635,889$0$0$1,880,583
75$3,821,257$0$0$1,978,073
76$4,019,691$0$0$2,082,535
77$4,232,337$0$0$2,194,587
78$4,460,457$0$0$2,314,907
79$4,705,431$0$0$2,444,238
80$4,968,779$0$0$2,583,398
81$5,252,165$0$0$2,733,282
82$5,557,418$0$0$2,894,875
83$5,886,548$0$0$3,069,259
84$6,241,760$0$0$3,257,621
85$6,625,479$0$0$3,461,269
86$7,040,371$0$0$3,681,637
87$7,489,362$0$0$3,920,302
88$7,975,674$0$0$4,179,001
89$8,502,844$0$0$4,459,640
90$9,074,766$0$0$4,764,317
91$9,695,720$0$0$5,095,340
92$10,370,414$0$0$5,455,246
93$11,104,027$0$0$5,846,829
94$11,902,258$0$0$6,273,160
95$12,771,375$0$0$6,737,620
96$13,718,277$0$0$7,243,930
97$14,750,557$0$0$7,796,185
98$15,876,569$0$0$8,398,891
99$17,105,509$0$0$9,057,009
100$18,447,502$0$0$9,776,001