Can I retire at age 30 with 619,000?

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 $619,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$51,116$50,661$50,217$49,783$49,360$48,030
2 years$25,305$24,834$24,377$23,934$23,505$22,175
3 years$16,703$16,229$15,774$15,335$14,912$13,623
4 years$12,402$11,930$11,479$11,048$10,636$9,398
5 years$9,822$9,353$8,908$8,486$8,085$6,902
6 years$8,103$7,638$7,199$6,786$6,397$5,270
7 years$6,876$6,414$5,983$5,579$5,203$4,131
8 years$5,956$5,498$5,074$4,680$4,316$3,299
9 years$5,240$4,787$4,370$3,987$3,635$2,672
10 years$4,668$4,220$3,810$3,437$3,097$2,187
11 years$4,201$3,756$3,354$2,991$2,664$1,805
12 years$3,811$3,372$2,977$2,623$2,308$1,500
13 years$3,482$3,047$2,659$2,316$2,013$1,253
14 years$3,200$2,770$2,390$2,056$1,764$1,051
15 years$2,956$2,530$2,157$1,833$1,554$885
16 years$2,742$2,321$1,956$1,642$1,373$747
17 years$2,554$2,138$1,780$1,475$1,217$632
18 years$2,387$1,975$1,625$1,329$1,082$536
19 years$2,238$1,831$1,487$1,201$965$455
20 years$2,104$1,701$1,365$1,088$862$387
21 years$1,983$1,585$1,256$987$771$330
22 years$1,872$1,479$1,157$898$691$281
23 years$1,772$1,384$1,069$818$621$240
24 years$1,680$1,296$988$746$558$205
25 years$1,596$1,216$915$681$502$175
26 years$1,518$1,143$849$623$452$150
27 years$1,446$1,076$788$570$408$128
28 years$1,380$1,014$733$522$368$110
29 years$1,318$956$682$479$332$94
30 years$1,260$903$635$439$300$80
31 years$1,206$854$592$404$271$69
32 years$1,156$808$553$371$245$59
33 years$1,109$765$516$341$222$51
34 years$1,064$725$482$314$201$43
35 years$1,022$688$451$289$182$37
36 years$983$653$422$266$165$32
37 years$946$620$395$245$150$27
38 years$911$589$370$226$136$23
39 years$878$560$346$208$123$20
40 years$846$533$324$192$112$17
41 years$816$507$304$177$101$15
42 years$788$483$285$164$92$13
43 years$761$461$268$151$83$11
44 years$735$439$251$139$76$9
45 years$711$419$236$129$69$8
46 years$688$399$222$119$62$7
47 years$665$381$208$110$57$6
48 years$644$364$196$102$51$5
49 years$624$347$184$94$47$4
50 years$604$332$173$87$42$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $619,000, adding $6,820 every year, while hoping to spend $28,569 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: 86/7/7 Blend
29$619,000$619,000$619,000$619,000
30$689,173$656,366$646,771$747,473
31$729,071$658,131$638,041$788,283
32$772,082$659,024$628,061$828,478
33$818,492$658,974$616,758$871,733
34$868,617$657,903$604,059$918,335
35$922,804$655,728$589,882$968,602
36$981,434$652,362$574,147$1,022,883
37$1,044,926$647,714$556,767$1,081,561
38$1,113,741$641,685$537,652$1,145,061
39$1,188,385$634,170$516,706$1,213,847
40$1,269,416$625,060$493,831$1,288,432
41$1,357,446$614,238$468,924$1,369,382
42$1,453,150$601,580$441,877$1,457,318
43$1,557,269$586,954$412,578$1,552,926
44$1,670,618$570,223$380,907$1,656,960
45$1,794,096$551,239$346,743$1,770,251
46$1,928,691$529,847$309,956$1,893,715
47$2,075,490$505,882$270,411$2,028,361
48$2,235,690$479,170$227,970$2,175,301
49$2,410,608$449,527$182,484$2,335,758
50$2,601,693$416,757$133,801$2,511,082
51$2,810,544$380,656$81,762$2,702,760
52$3,038,917$341,006$26,198$2,912,429
53$3,288,748$297,576$0$3,141,894
54$3,562,166$250,124$0$3,395,615
55$3,861,520$198,393$0$3,675,561
56$4,189,392$142,111$0$3,982,202
57$4,548,628$80,992$0$4,318,213
58$4,942,361$14,734$0$4,686,541
59$5,374,043$0$0$5,090,436
60$5,847,474$0$0$5,537,862
61$6,366,842$0$0$6,029,954
62$6,936,758$0$0$6,569,948
63$7,562,301$0$0$7,162,656
64$8,249,065$0$0$7,813,382
65$9,003,216$0$0$8,527,966
66$9,831,541$0$0$9,312,842
67$10,741,520$0$0$10,175,100
68$11,741,392$0$0$11,122,546
69$12,840,235$0$0$12,163,784
70$14,048,049$0$0$13,308,290
71$15,375,850$0$0$14,566,506
72$16,835,776$0$0$15,949,934
73$18,441,200$0$0$17,471,247
74$20,206,854$0$0$19,144,409
75$22,148,971$0$0$20,984,803
76$24,285,437$0$0$23,009,378
77$26,635,956$0$0$25,236,810
78$29,222,240$0$0$27,687,675
79$32,068,212$0$0$30,384,644
80$35,200,230$0$0$33,352,698
81$38,647,338$0$0$36,619,362
82$42,441,535$0$0$40,214,963
83$46,618,085$0$0$44,172,919
84$51,215,839$0$0$48,530,052
85$56,277,609$0$0$53,326,934
86$61,850,569$0$0$58,608,272
87$67,986,700$0$0$64,423,330
88$74,743,278$0$0$70,826,390
89$82,183,417$0$0$77,877,266
90$90,376,666$0$0$85,641,868
91$99,399,657$0$0$94,192,826
92$109,336,838$0$0$103,610,169
93$120,281,261$0$0$113,982,086
94$132,335,466$0$0$125,405,754
95$145,612,443$0$0$137,988,258
96$160,236,703$0$0$151,847,597
97$176,345,448$0$0$167,113,802
98$194,089,871$0$0$183,930,158
99$213,636,576$0$0$202,454,562
100$235,169,155$0$0$222,861,005