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%19.8%
1 years$51,034$50,579$50,136$49,703$49,280$47,344
2 years$25,264$24,794$24,338$23,896$23,467$21,539
3 years$16,676$16,203$15,748$15,310$14,888$13,031
4 years$12,382$11,911$11,461$11,030$10,618$8,845
5 years$9,807$9,338$8,894$8,472$8,072$6,387
6 years$8,090$7,625$7,188$6,775$6,387$4,792
7 years$6,865$6,404$5,973$5,570$5,194$3,688
8 years$5,946$5,489$5,066$4,673$4,309$2,891
9 years$5,232$4,779$4,363$3,980$3,629$2,296
10 years$4,661$4,213$3,804$3,431$3,092$1,842
11 years$4,194$3,750$3,349$2,986$2,659$1,489
12 years$3,805$3,366$2,972$2,619$2,305$1,211
13 years$3,476$3,042$2,655$2,312$2,010$990
14 years$3,195$2,765$2,386$2,053$1,762$812
15 years$2,951$2,526$2,154$1,831$1,551$668
16 years$2,738$2,318$1,953$1,639$1,371$551
17 years$2,550$2,134$1,777$1,473$1,215$456
18 years$2,383$1,972$1,622$1,327$1,081$377
19 years$2,234$1,828$1,485$1,199$963$313
20 years$2,100$1,699$1,363$1,086$860$260
21 years$1,979$1,582$1,254$986$770$216
22 years$1,869$1,477$1,155$896$690$180
23 years$1,769$1,381$1,067$816$620$149
24 years$1,678$1,294$987$744$557$124
25 years$1,593$1,215$914$680$501$104
26 years$1,516$1,141$848$622$451$86
27 years$1,444$1,074$787$569$407$72
28 years$1,377$1,012$732$521$367$60
29 years$1,316$955$681$478$332$50
30 years$1,258$902$634$439$300$42
31 years$1,204$853$591$403$271$35
32 years$1,154$807$552$370$245$29
33 years$1,107$764$515$341$222$24
34 years$1,062$724$481$313$201$20
35 years$1,021$687$450$288$182$17
36 years$982$652$421$266$165$14
37 years$944$619$394$245$149$12
38 years$909$588$369$226$135$10
39 years$876$559$346$208$123$8
40 years$845$532$324$192$111$7
41 years$815$507$304$177$101$6
42 years$787$483$285$163$92$5
43 years$760$460$267$151$83$4
44 years$734$438$251$139$76$3
45 years$710$418$236$129$69$3
46 years$687$399$221$119$62$2
47 years$664$380$208$110$57$2
48 years$643$363$195$101$51$2
49 years$623$347$184$94$47$1
50 years$603$331$173$87$42$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $618,000, adding $2,442 every year, while hoping to spend $34,245 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: 67/28/5 Blend
29$618,000$618,000$618,000$618,000
30$683,555$650,801$641,222$728,773
31$716,841$646,254$626,266$754,503
32$752,375$640,336$609,662$778,239
33$790,349$632,944$591,318$803,257
34$830,975$623,969$571,138$829,677
35$874,486$613,295$549,022$857,630
36$921,135$600,798$524,866$887,263
37$971,202$586,349$498,560$918,738
38$1,024,994$569,809$469,991$952,236
39$1,082,846$551,032$439,039$987,955
40$1,145,129$529,865$405,579$1,026,118
41$1,212,246$506,143$369,480$1,066,968
42$1,284,645$479,694$330,607$1,110,776
43$1,362,814$450,334$288,818$1,157,844
44$1,447,291$417,870$243,963$1,208,503
45$1,538,667$382,098$195,888$1,263,122
46$1,637,592$342,802$144,431$1,322,109
47$1,744,779$299,752$89,422$1,385,915
48$1,861,014$252,707$30,686$1,455,041
49$1,987,161$201,413$0$1,530,039
50$2,124,168$145,599$0$1,613,230
51$2,273,082$84,982$0$1,705,440
52$2,435,050$19,260$0$1,805,793
53$2,611,338$0$0$1,915,127
54$2,803,336$0$0$2,050,359
55$3,012,576$0$0$2,204,236
56$3,240,743$0$0$2,372,068
57$3,489,690$0$0$2,555,224
58$3,761,459$0$0$2,755,209
59$4,058,297$0$0$2,973,683
60$4,382,677$0$0$3,212,470
61$4,737,323$0$0$3,473,581
62$5,125,233$0$0$3,759,229
63$5,549,707$0$0$4,071,850
64$6,014,381$0$0$4,414,127
65$6,523,258$0$0$4,789,015
66$7,080,746$0$0$5,199,769
67$7,691,699$0$0$5,649,971
68$8,361,464$0$0$6,143,568
69$9,095,930$0$0$6,684,907
70$9,901,581$0$0$7,278,776
71$10,785,561$0$0$7,930,447
72$11,755,739$0$0$8,645,730
73$12,820,782$0$0$9,431,022
74$13,990,236$0$0$10,293,373
75$15,274,620$0$0$11,240,545
76$16,685,518$0$0$12,281,092
77$18,235,694$0$0$13,424,436
78$19,939,207$0$0$14,680,958
79$21,811,549$0$0$16,062,092
80$23,869,783$0$0$17,580,438
81$26,132,711$0$0$19,249,876
82$28,621,047$0$0$21,085,697
83$31,357,611$0$0$23,104,751
84$34,367,546$0$0$25,325,601
85$37,678,556$0$0$27,768,698
86$41,321,163$0$0$30,456,577
87$45,328,997$0$0$33,414,068
88$49,739,112$0$0$36,668,526
89$54,592,335$0$0$40,250,096
90$59,933,651$0$0$44,191,989
91$65,812,628$0$0$48,530,801
92$72,283,882$0$0$53,306,855
93$79,407,592$0$0$58,564,584
94$87,250,069$0$0$64,352,944
95$95,884,381$0$0$70,725,883
96$105,391,038$0$0$77,742,842
97$115,858,758$0$0$85,469,324
98$127,385,297$0$0$93,977,503
99$140,078,374$0$0$103,346,911
100$154,056,689$0$0$113,665,185