Can I retire at age 30 with 600,000?

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 $600,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$49,547$49,106$48,676$48,255$47,845$46,129
2 years$24,528$24,072$23,629$23,200$22,783$21,073
3 years$16,190$15,731$15,289$14,864$14,455$12,804
4 years$12,021$11,564$11,127$10,709$10,309$8,731
5 years$9,521$9,066$8,635$8,225$7,837$6,334
6 years$7,855$7,403$6,978$6,578$6,201$4,776
7 years$6,665$6,217$5,799$5,408$5,043$3,695
8 years$5,773$5,329$4,918$4,537$4,184$2,912
9 years$5,079$4,640$4,236$3,864$3,523$2,325
10 years$4,525$4,090$3,693$3,331$3,002$1,876
11 years$4,072$3,641$3,251$2,899$2,582$1,526
12 years$3,694$3,268$2,885$2,543$2,237$1,248
13 years$3,375$2,953$2,578$2,245$1,951$1,027
14 years$3,102$2,685$2,316$1,993$1,710$848
15 years$2,865$2,452$2,091$1,777$1,506$702
16 years$2,658$2,250$1,896$1,591$1,331$583
17 years$2,476$2,072$1,725$1,430$1,180$485
18 years$2,314$1,915$1,575$1,289$1,049$404
19 years$2,169$1,775$1,442$1,164$935$338
20 years$2,039$1,649$1,323$1,054$835$282
21 years$1,922$1,536$1,217$957$748$236
22 years$1,815$1,434$1,122$870$670$198
23 years$1,718$1,341$1,036$792$601$166
24 years$1,629$1,256$958$723$541$139
25 years$1,547$1,179$887$660$486$117
26 years$1,472$1,108$823$604$438$98
27 years$1,402$1,043$764$552$395$82
28 years$1,337$983$710$506$356$69
29 years$1,277$927$661$464$322$58
30 years$1,221$876$616$426$291$49
31 years$1,169$828$574$391$263$41
32 years$1,120$783$536$360$238$34
33 years$1,075$742$500$331$215$29
34 years$1,032$703$467$304$195$24
35 years$991$667$437$280$177$20
36 years$953$633$409$258$160$17
37 years$917$601$382$238$145$14
38 years$883$571$358$219$131$12
39 years$851$543$336$202$119$10
40 years$820$517$315$186$108$9
41 years$791$492$295$172$98$7
42 years$764$468$277$159$89$6
43 years$738$446$260$146$81$5
44 years$713$425$244$135$73$4
45 years$689$406$229$125$67$4
46 years$667$387$215$115$60$3
47 years$645$369$202$107$55$3
48 years$624$353$190$98$50$2
49 years$605$337$178$91$45$2
50 years$586$322$168$84$41$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $600,000, adding $6,709 every year, while hoping to spend $40,920 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: 34/39/27 Blend
29$600,000$600,000$600,000$600,000
30$668,120$636,320$627,020$685,188
31$692,730$623,961$604,487$686,236
32$718,478$609,626$579,827$683,223
33$745,439$593,173$552,927$679,176
34$773,689$574,454$523,666$674,030
35$803,317$553,313$491,920$667,717
36$834,413$529,584$457,557$660,170
37$867,080$503,090$420,442$651,314
38$901,427$473,646$380,432$641,077
39$937,573$441,056$337,377$629,380
40$975,649$405,111$291,122$616,144
41$1,015,795$365,591$241,505$601,286
42$1,058,166$322,265$188,355$584,723
43$1,102,930$274,887$131,496$566,367
44$1,150,270$223,198$70,742$546,130
45$1,200,386$166,923$5,901$523,920
46$1,253,497$105,773$0$499,645
47$1,309,841$39,444$0$491,446
48$1,369,680$0$0$483,992
49$1,433,299$0$0$489,449
50$1,501,010$0$0$513,320
51$1,573,155$0$0$538,805
52$1,650,109$0$0$566,043
53$1,732,281$0$0$595,187
54$1,820,122$0$0$626,402
55$1,914,124$0$0$659,873
56$2,014,827$0$0$695,799
57$2,122,823$0$0$734,401
58$2,238,764$0$0$775,921
59$2,363,362$0$0$820,624
60$2,497,401$0$0$868,802
61$2,641,740$0$0$920,775
62$2,797,325$0$0$976,895
63$2,965,192$0$0$1,037,548
64$3,146,482$0$0$1,103,160
65$3,342,447$0$0$1,174,198
66$3,554,463$0$0$1,251,174
67$3,784,044$0$0$1,334,655
68$4,032,854$0$0$1,425,259
69$4,302,722$0$0$1,523,672
70$4,595,660$0$0$1,630,643
71$4,913,880$0$0$1,746,999
72$5,259,817$0$0$1,873,649
73$5,636,148$0$0$2,011,594
74$6,045,820$0$0$2,161,935
75$6,492,073$0$0$2,325,883
76$6,978,477$0$0$2,504,772
77$7,508,956$0$0$2,700,069
78$8,087,832$0$0$2,913,391
79$8,719,862$0$0$3,146,516
80$9,410,282$0$0$3,401,402
81$10,164,856$0$0$3,680,206
82$10,989,930$0$0$3,985,301
83$11,892,493$0$0$4,319,302
84$12,880,236$0$0$4,685,088
85$13,961,633$0$0$5,085,828
86$15,146,012$0$0$5,525,014
87$16,443,646$0$0$6,006,490
88$17,865,851$0$0$6,534,491
89$19,425,087$0$0$7,113,682
90$21,135,078$0$0$7,749,199
91$23,010,939$0$0$8,446,702
92$25,069,322$0$0$9,212,423
93$27,328,564$0$0$10,053,228
94$29,808,867$0$0$10,976,682
95$32,532,484$0$0$11,991,115
96$35,523,928$0$0$13,105,708
97$38,810,203$0$0$14,330,570
98$42,421,058$0$0$15,676,844
99$46,389,264$0$0$17,156,801
100$50,750,926$0$0$18,783,962