Can I retire at age 30 with 605,000?

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 $605,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$49,960$49,515$49,081$48,657$48,244$47,980
2 years$24,733$24,272$23,826$23,393$22,973$22,707
3 years$16,325$15,862$15,417$14,988$14,575$14,315
4 years$12,122$11,660$11,220$10,798$10,395$10,143
5 years$9,600$9,142$8,707$8,294$7,902$7,658
6 years$7,920$7,465$7,036$6,633$6,253$6,018
7 years$6,720$6,269$5,847$5,453$5,085$4,859
8 years$5,821$5,374$4,959$4,575$4,219$4,002
9 years$5,122$4,679$4,271$3,896$3,553$3,345
10 years$4,563$4,124$3,724$3,359$3,027$2,828
11 years$4,106$3,672$3,278$2,923$2,603$2,413
12 years$3,725$3,295$2,909$2,564$2,256$2,074
13 years$3,403$2,978$2,599$2,264$1,967$1,794
14 years$3,128$2,707$2,336$2,009$1,725$1,560
15 years$2,889$2,473$2,109$1,792$1,518$1,361
16 years$2,680$2,269$1,912$1,605$1,342$1,193
17 years$2,497$2,089$1,740$1,442$1,190$1,048
18 years$2,333$1,931$1,588$1,299$1,058$924
19 years$2,187$1,789$1,454$1,174$943$816
20 years$2,056$1,663$1,334$1,063$842$722
21 years$1,938$1,549$1,227$965$754$640
22 years$1,830$1,446$1,131$877$676$568
23 years$1,732$1,352$1,044$799$607$505
24 years$1,642$1,267$966$729$545$450
25 years$1,560$1,189$895$666$491$401
26 years$1,484$1,117$830$609$442$357
27 years$1,414$1,052$770$557$398$319
28 years$1,348$991$716$510$359$285
29 years$1,288$935$667$468$325$255
30 years$1,232$883$621$430$293$228
31 years$1,179$835$579$394$265$204
32 years$1,130$790$540$363$240$182
33 years$1,083$748$504$333$217$163
34 years$1,040$709$471$307$197$146
35 years$999$672$440$282$178$131
36 years$961$638$412$260$161$117
37 years$925$606$386$240$146$105
38 years$890$576$361$221$133$94
39 years$858$548$338$204$120$85
40 years$827$521$317$188$109$76
41 years$798$496$297$173$99$68
42 years$770$472$279$160$90$61
43 years$744$450$262$148$81$55
44 years$719$429$246$136$74$49
45 years$695$409$231$126$67$44
46 years$672$390$217$116$61$40
47 years$650$372$204$107$55$36
48 years$630$356$191$99$50$32
49 years$610$340$180$92$46$29
50 years$591$324$169$85$41$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $605,000, adding $2,284 every year, while hoping to spend $40,077 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: 69/25/6 Blend
29$605,000$605,000$605,000$605,000
30$669,066$637,001$627,623$714,517
31$694,669$625,572$606,007$733,457
32$721,540$612,241$582,324$749,038
33$749,767$596,870$556,461$764,983
34$779,444$579,317$528,303$781,321
35$810,674$559,430$497,728$798,080
36$843,568$537,048$464,607$815,298
37$878,249$512,000$428,809$833,013
38$914,850$484,107$390,193$851,271
39$953,515$453,179$348,615$870,123
40$994,402$419,014$303,922$889,627
41$1,037,684$381,399$255,957$909,850
42$1,083,550$340,109$204,553$930,864
43$1,132,204$294,906$149,538$952,754
44$1,183,872$245,540$90,730$975,613
45$1,238,800$191,745$27,943$999,548
46$1,297,257$133,240$0$1,024,678
47$1,359,538$69,729$0$1,053,637
48$1,425,966$901$0$1,086,147
49$1,496,893$0$0$1,120,599
50$1,572,708$0$0$1,177,436
51$1,653,834$0$0$1,238,543
52$1,740,737$0$0$1,304,024
53$1,833,929$0$0$1,374,267
54$1,933,968$0$0$1,449,698
55$2,041,470$0$0$1,530,784
56$2,157,110$0$0$1,618,037
57$2,281,629$0$0$1,712,019
58$2,415,839$0$0$1,813,350
59$2,560,637$0$0$1,922,707
60$2,717,002$0$0$2,040,837
61$2,886,015$0$0$2,168,560
62$3,068,862$0$0$2,306,777
63$3,266,846$0$0$2,456,478
64$3,481,400$0$0$2,618,753
65$3,714,102$0$0$2,794,799
66$3,966,683$0$0$2,985,932
67$4,241,050$0$0$3,193,603
68$4,539,300$0$0$3,419,403
69$4,863,740$0$0$3,665,087
70$5,216,908$0$0$3,932,583
71$5,601,597$0$0$4,224,014
72$6,020,880$0$0$4,541,715
73$6,478,139$0$0$4,888,258
74$6,977,097$0$0$5,266,472
75$7,521,852$0$0$5,679,471
76$8,116,914$0$0$6,130,684
77$8,767,249$0$0$6,623,887
78$9,478,325$0$0$7,163,234
79$10,256,159$0$0$7,753,301
80$11,107,381$0$0$8,399,127
81$12,039,288$0$0$9,106,259
82$13,059,917$0$0$9,880,807
83$14,178,117$0$0$10,729,499
84$15,403,636$0$0$11,659,744
85$16,747,206$0$0$12,679,703
86$18,220,652$0$0$13,798,364
87$19,836,994$0$0$15,025,626
88$21,610,574$0$0$16,372,393
89$23,557,192$0$0$17,850,677
90$25,694,248$0$0$19,473,707
91$28,040,911$0$0$21,256,057
92$30,618,299$0$0$23,213,781
93$33,449,673$0$0$25,364,567
94$36,560,658$0$0$27,727,896
95$39,979,486$0$0$30,325,233
96$43,737,258$0$0$33,180,225
97$47,868,238$0$0$36,318,924
98$52,410,177$0$0$39,770,031
99$57,404,664$0$0$43,565,168
100$62,897,521$0$0$47,739,174