Can I retire at age 30 with 604,000?

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 $604,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$49,878$49,433$49,000$48,577$48,164$46,641
2 years$24,692$24,232$23,786$23,354$22,935$21,414
3 years$16,298$15,836$15,391$14,963$14,551$13,080
4 years$12,102$11,641$11,201$10,780$10,378$8,969
5 years$9,584$9,127$8,692$8,280$7,889$6,545
6 years$7,907$7,453$7,025$6,622$6,242$4,965
7 years$6,709$6,259$5,838$5,444$5,077$3,865
8 years$5,811$5,365$4,951$4,567$4,212$3,066
9 years$5,113$4,671$4,264$3,890$3,547$2,465
10 years$4,555$4,117$3,718$3,353$3,022$2,003
11 years$4,099$3,665$3,273$2,918$2,599$1,640
12 years$3,719$3,290$2,905$2,560$2,252$1,352
13 years$3,398$2,973$2,595$2,260$1,964$1,120
14 years$3,122$2,702$2,332$2,006$1,722$932
15 years$2,884$2,469$2,105$1,789$1,516$778
16 years$2,676$2,265$1,909$1,602$1,340$651
17 years$2,492$2,086$1,737$1,439$1,188$546
18 years$2,329$1,928$1,585$1,297$1,056$459
19 years$2,184$1,786$1,451$1,172$941$387
20 years$2,053$1,660$1,332$1,062$841$326
21 years$1,934$1,546$1,225$963$753$275
22 years$1,827$1,443$1,129$876$675$232
23 years$1,729$1,350$1,043$798$606$196
24 years$1,640$1,265$964$728$544$166
25 years$1,557$1,187$893$664$490$141
26 years$1,481$1,116$828$608$441$119
27 years$1,411$1,050$769$556$398$101
28 years$1,346$989$715$510$359$85
29 years$1,286$933$665$467$324$72
30 years$1,229$881$620$429$293$61
31 years$1,177$833$578$394$265$52
32 years$1,128$788$539$362$239$44
33 years$1,082$747$503$333$217$37
34 years$1,038$708$470$306$196$32
35 years$998$671$440$282$178$27
36 years$959$637$411$260$161$23
37 years$923$605$385$239$146$19
38 years$889$575$361$220$132$16
39 years$856$547$338$203$120$14
40 years$826$520$317$188$109$12
41 years$797$495$297$173$99$10
42 years$769$472$278$160$90$9
43 years$743$449$261$147$81$7
44 years$718$428$245$136$74$6
45 years$694$408$230$126$67$5
46 years$671$390$216$116$61$4
47 years$649$372$203$107$55$4
48 years$629$355$191$99$50$3
49 years$609$339$180$92$46$3
50 years$590$324$169$85$41$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $604,000, adding $2,009 every year, while hoping to spend $45,611 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: 38/48/14 Blend
29$604,000$604,000$604,000$604,000
30$667,680$635,668$626,306$690,151
31$687,254$618,286$598,758$688,998
32$707,295$598,524$568,758$683,202
33$727,804$576,216$536,176$675,949
34$748,778$551,189$500,876$667,132
35$770,214$523,258$462,716$656,635
36$792,106$492,227$421,547$644,337
37$814,446$457,891$377,213$630,108
38$837,223$420,031$329,553$613,811
39$860,423$378,417$278,397$595,298
40$884,031$332,804$223,569$574,415
41$908,027$282,936$164,882$550,998
42$932,385$228,539$102,145$524,870
43$957,077$169,327$35,156$495,847
44$982,071$104,995$0$463,731
45$1,007,325$35,223$0$433,741
46$1,032,796$0$0$406,182
47$1,058,431$0$0$396,898
48$1,084,169$0$0$406,216
49$1,109,943$0$0$415,504
50$1,135,674$0$0$424,726
51$1,161,274$0$0$433,845
52$1,186,643$0$0$442,816
53$1,211,668$0$0$451,591
54$1,236,220$0$0$460,115
55$1,260,157$0$0$468,325
56$1,283,318$0$0$476,154
57$1,305,522$0$0$483,523
58$1,326,566$0$0$490,345
59$1,346,226$0$0$496,525
60$1,364,248$0$0$501,954
61$1,380,350$0$0$506,513
62$1,394,219$0$0$510,068
63$1,405,504$0$0$512,470
64$1,413,816$0$0$513,553
65$1,418,721$0$0$513,135
66$1,419,739$0$0$511,011
67$1,416,335$0$0$506,954
68$1,407,915$0$0$500,714
69$1,393,819$0$0$492,013
70$1,373,319$0$0$480,540
71$1,345,603$0$0$465,956
72$1,309,774$0$0$447,880
73$1,264,839$0$0$425,894
74$1,209,697$0$0$399,534
75$1,143,130$0$0$368,287
76$1,063,789$0$0$331,584
77$970,183$0$0$288,798
78$860,663$0$0$239,235
79$733,405$0$0$182,127
80$586,392$0$0$116,627
81$417,397$0$0$41,797
82$223,957$0$0$0
83$3,351$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