Can I retire at age 30 with 606,000?

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 $606,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$50,043$49,597$49,162$48,738$48,323$48,039
2 years$24,774$24,312$23,865$23,432$23,011$22,724
3 years$16,352$15,888$15,442$15,013$14,599$14,319
4 years$12,142$11,680$11,238$10,816$10,412$10,140
5 years$9,616$9,157$8,721$8,308$7,915$7,653
6 years$7,933$7,477$7,048$6,644$6,263$6,010
7 years$6,731$6,279$5,857$5,462$5,094$4,850
8 years$5,830$5,383$4,967$4,582$4,226$3,992
9 years$5,130$4,687$4,278$3,903$3,559$3,335
10 years$4,570$4,131$3,730$3,364$3,032$2,818
11 years$4,112$3,678$3,284$2,928$2,608$2,403
12 years$3,731$3,301$2,914$2,568$2,260$2,064
13 years$3,409$2,983$2,604$2,267$1,971$1,784
14 years$3,133$2,711$2,339$2,013$1,727$1,550
15 years$2,894$2,477$2,112$1,795$1,521$1,352
16 years$2,685$2,273$1,915$1,607$1,344$1,184
17 years$2,501$2,093$1,743$1,444$1,192$1,040
18 years$2,337$1,934$1,591$1,301$1,060$916
19 years$2,191$1,792$1,456$1,176$945$808
20 years$2,060$1,666$1,336$1,065$844$715
21 years$1,941$1,551$1,229$967$755$633
22 years$1,833$1,448$1,133$879$677$562
23 years$1,735$1,354$1,046$800$608$499
24 years$1,645$1,269$967$730$546$444
25 years$1,562$1,191$896$667$491$395
26 years$1,486$1,119$831$610$443$352
27 years$1,416$1,053$772$558$399$314
28 years$1,351$993$717$511$360$280
29 years$1,290$936$668$469$325$250
30 years$1,234$884$622$430$294$224
31 years$1,181$836$580$395$266$200
32 years$1,132$791$541$363$240$179
33 years$1,085$749$505$334$217$160
34 years$1,042$710$472$307$197$143
35 years$1,001$673$441$283$178$128
36 years$962$639$413$260$162$115
37 years$926$607$386$240$146$103
38 years$892$577$362$221$133$92
39 years$859$549$339$204$120$83
40 years$828$522$318$188$109$74
41 years$799$497$298$174$99$66
42 years$772$473$279$160$90$59
43 years$745$451$262$148$82$53
44 years$720$430$246$137$74$48
45 years$696$410$231$126$67$43
46 years$673$391$217$116$61$38
47 years$651$373$204$108$55$34
48 years$631$356$192$99$50$31
49 years$611$340$180$92$46$28
50 years$592$325$169$85$42$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $606,000, adding $2,927 every year, while hoping to spend $42,838 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: 71/12/17 Blend
29$606,000$606,000$606,000$606,000
30$670,831$638,713$629,320$715,588
31$693,677$624,431$604,823$731,443
32$717,417$608,013$578,070$743,371
33$742,097$589,310$548,939$755,333
34$767,767$568,162$517,305$767,326
35$794,480$544,403$483,035$779,348
36$822,292$517,854$445,992$791,395
37$851,265$488,327$406,031$803,466
38$881,463$455,624$363,003$815,563
39$912,958$419,535$316,749$827,685
40$945,825$379,838$267,105$839,836
41$980,146$336,297$213,900$852,021
42$1,016,011$288,665$156,956$864,246
43$1,053,514$236,680$96,084$876,520
44$1,092,759$180,064$31,089$888,855
45$1,133,859$118,525$0$901,267
46$1,176,934$51,755$0$920,716
47$1,222,117$0$0$946,754
48$1,269,551$0$0$976,520
49$1,319,390$0$0$1,014,985
50$1,371,803$0$0$1,055,449
51$1,426,974$0$0$1,098,053
52$1,485,104$0$0$1,142,954
53$1,546,408$0$0$1,190,320
54$1,611,125$0$0$1,240,338
55$1,679,514$0$0$1,293,209
56$1,751,855$0$0$1,349,153
57$1,828,458$0$0$1,408,410
58$1,909,659$0$0$1,471,244
59$1,995,825$0$0$1,537,940
60$2,087,358$0$0$1,608,813
61$2,184,699$0$0$1,684,207
62$2,288,328$0$0$1,764,496
63$2,398,772$0$0$1,850,093
64$2,516,608$0$0$1,941,447
65$2,642,468$0$0$2,039,053
66$2,777,044$0$0$2,143,451
67$2,921,096$0$0$2,255,235
68$3,075,456$0$0$2,375,056
69$3,241,038$0$0$2,503,626
70$3,418,843$0$0$2,641,729
71$3,609,972$0$0$2,790,225
72$3,815,632$0$0$2,950,058
73$4,037,149$0$0$3,122,263
74$4,275,978$0$0$3,307,978
75$4,533,720$0$0$3,508,455
76$4,812,132$0$0$3,725,068
77$5,113,145$0$0$3,959,325
78$5,438,882$0$0$4,212,887
79$5,791,676$0$0$4,487,578
80$6,174,093$0$0$4,785,405
81$6,588,954$0$0$5,108,572
82$7,039,362$0$0$5,459,507
83$7,528,728$0$0$5,840,878
84$8,060,808$0$0$6,255,621
85$8,639,731$0$0$6,706,965
86$9,270,040$0$0$7,198,464
87$9,956,736$0$0$7,734,029
88$10,705,322$0$0$8,317,964
89$11,521,852$0$0$8,955,003
90$12,412,994$0$0$9,650,363
91$13,386,082$0$0$10,409,780
92$14,449,196$0$0$11,239,573
93$15,611,225$0$0$12,146,696
94$16,881,960$0$0$13,138,808
95$18,272,180$0$0$14,224,339
96$19,793,752$0$0$15,412,574
97$21,459,745$0$0$16,713,735
98$23,284,551$0$0$18,139,081
99$25,284,019$0$0$19,701,009
100$27,475,602$0$0$21,413,173