Can I retire at age 30 with 603,000?

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 $603,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$49,795$49,352$48,919$48,497$48,084$46,922
2 years$24,651$24,192$23,747$23,316$22,897$21,733
3 years$16,271$15,810$15,366$14,939$14,527$13,397
4 years$12,081$11,622$11,182$10,762$10,361$9,275
5 years$9,569$9,112$8,678$8,267$7,876$6,836
6 years$7,894$7,440$7,013$6,611$6,232$5,240
7 years$6,698$6,248$5,828$5,435$5,068$4,124
8 years$5,802$5,356$4,943$4,559$4,205$3,307
9 years$5,105$4,663$4,257$3,884$3,541$2,690
10 years$4,548$4,111$3,711$3,348$3,017$2,211
11 years$4,092$3,659$3,267$2,913$2,595$1,834
12 years$3,713$3,284$2,900$2,556$2,249$1,530
13 years$3,392$2,968$2,591$2,256$1,961$1,284
14 years$3,117$2,698$2,328$2,003$1,719$1,083
15 years$2,879$2,465$2,102$1,786$1,513$916
16 years$2,672$2,261$1,905$1,599$1,338$777
17 years$2,488$2,083$1,734$1,437$1,186$661
18 years$2,326$1,924$1,583$1,295$1,054$563
19 years$2,180$1,783$1,449$1,170$940$481
20 years$2,049$1,657$1,330$1,060$840$412
21 years$1,931$1,544$1,223$962$751$352
22 years$1,824$1,441$1,127$874$673$302
23 years$1,726$1,348$1,041$796$605$259
24 years$1,637$1,263$963$726$543$223
25 years$1,555$1,185$892$663$489$191
26 years$1,479$1,114$827$607$440$164
27 years$1,409$1,048$768$555$397$141
28 years$1,344$988$714$509$358$122
29 years$1,284$932$664$466$324$105
30 years$1,227$880$619$428$292$90
31 years$1,175$832$577$393$264$78
32 years$1,126$787$538$361$239$67
33 years$1,080$745$503$332$216$58
34 years$1,037$706$470$306$196$50
35 years$996$670$439$281$177$43
36 years$958$636$411$259$161$37
37 years$922$604$384$239$146$32
38 years$887$574$360$220$132$27
39 years$855$546$337$203$120$24
40 years$824$519$316$187$109$20
41 years$795$494$296$173$99$18
42 years$768$471$278$159$89$15
43 years$741$449$261$147$81$13
44 years$716$428$245$136$74$11
45 years$693$408$230$125$67$10
46 years$670$389$216$116$61$8
47 years$648$371$203$107$55$7
48 years$628$354$191$99$50$6
49 years$608$338$179$91$45$5
50 years$589$323$168$85$41$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $603,000, adding $3,516 every year, while hoping to spend $53,201 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: 71/7/22 Blend
29$603,000$603,000$603,000$603,000
30$668,133$636,174$626,827$711,695
31$679,677$610,741$591,221$715,776
32$690,615$582,279$552,638$713,620
33$700,830$550,582$510,923$709,954
34$710,190$515,436$465,914$704,620
35$718,548$476,611$417,441$697,450
36$725,739$433,864$365,325$688,256
37$731,582$386,941$309,380$676,835
38$735,873$335,571$249,414$662,965
39$738,386$279,468$185,224$646,401
40$738,870$218,331$116,598$626,877
41$737,047$151,841$43,316$604,102
42$732,606$79,661$0$577,757
43$725,205$1,437$0$555,681
44$714,461$0$0$540,687
45$699,953$0$0$528,644
46$681,212$0$0$513,382
47$657,721$0$0$494,385
48$628,905$0$0$471,201
49$594,129$0$0$443,334
50$552,689$0$0$410,233
51$503,808$0$0$371,288
52$446,626$0$0$325,826
53$380,191$0$0$273,102
54$303,452$0$0$212,293
55$215,248$0$0$142,488
56$114,292$0$0$62,682
57$0$0$0$0
58$0$0$0$0
59$0$0$0$0
60$0$0$0$0
61$0$0$0$0
62$0$0$0$0
63$0$0$0$0
64$0$0$0$0
65$0$0$0$0
66$0$0$0$0
67$0$0$0$0
68$0$0$0$0
69$0$0$0$0
70$0$0$0$0
71$0$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0