Can I retire at age 30 with 608,000?

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 $608,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$50,208$49,761$49,325$48,899$48,483$47,196
2 years$24,855$24,393$23,944$23,509$23,087$21,799
3 years$16,406$15,941$15,493$15,062$14,647$13,399
4 years$12,182$11,718$11,275$10,852$10,447$9,248
5 years$9,648$9,187$8,750$8,335$7,941$6,795
6 years$7,959$7,502$7,071$6,666$6,284$5,191
7 years$6,754$6,300$5,876$5,480$5,110$4,072
8 years$5,850$5,400$4,984$4,597$4,240$3,254
9 years$5,147$4,702$4,292$3,916$3,570$2,637
10 years$4,585$4,145$3,742$3,375$3,042$2,160
11 years$4,126$3,690$3,295$2,938$2,616$1,784
12 years$3,743$3,312$2,924$2,577$2,267$1,483
13 years$3,420$2,993$2,612$2,275$1,977$1,240
14 years$3,143$2,720$2,347$2,019$1,733$1,041
15 years$2,903$2,485$2,119$1,801$1,526$877
16 years$2,694$2,280$1,921$1,613$1,349$741
17 years$2,509$2,100$1,748$1,449$1,196$627
18 years$2,345$1,940$1,596$1,306$1,063$532
19 years$2,198$1,798$1,461$1,180$948$453
20 years$2,066$1,671$1,341$1,069$846$385
21 years$1,947$1,557$1,233$970$758$328
22 years$1,839$1,453$1,137$882$679$280
23 years$1,741$1,359$1,050$803$610$239
24 years$1,650$1,273$971$732$548$205
25 years$1,568$1,195$899$669$493$175
26 years$1,491$1,123$834$612$444$150
27 years$1,421$1,057$774$560$400$128
28 years$1,355$996$720$513$361$110
29 years$1,294$939$670$470$326$94
30 years$1,238$887$624$432$295$81
31 years$1,185$839$582$396$266$69
32 years$1,135$794$543$364$241$59
33 years$1,089$752$507$335$218$51
34 years$1,045$712$473$308$198$44
35 years$1,004$676$443$284$179$37
36 years$966$641$414$261$162$32
37 years$929$609$388$241$147$27
38 years$895$579$363$222$133$24
39 years$862$550$340$205$121$20
40 years$831$524$319$189$110$17
41 years$802$498$299$174$99$15
42 years$774$475$280$161$90$13
43 years$748$452$263$148$82$11
44 years$722$431$247$137$74$9
45 years$698$411$232$127$67$8
46 years$675$392$218$117$61$7
47 years$654$374$205$108$56$6
48 years$633$357$192$100$50$5
49 years$613$341$181$92$46$4
50 years$594$326$170$85$42$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $608,000, adding $2,665 every year, while hoping to spend $39,737 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: 49/26/25 Blend
29$608,000$608,000$608,000$608,000
30$672,765$640,541$631,117$700,850
31$699,107$629,648$609,980$709,843
32$726,804$616,889$586,802$715,426
33$755,953$602,131$561,475$720,694
34$786,658$585,233$533,881$725,636
35$819,033$566,045$503,902$730,243
36$853,202$544,409$471,411$734,505
37$889,302$520,158$436,276$738,417
38$927,479$493,115$398,360$741,973
39$967,896$463,091$357,519$745,174
40$1,010,728$429,890$313,603$748,022
41$1,056,169$393,301$266,456$750,523
42$1,104,429$353,103$215,912$752,689
43$1,155,738$309,062$161,802$754,536
44$1,210,348$260,931$103,948$756,086
45$1,268,535$208,448$42,161$757,369
46$1,330,601$151,338$0$758,424
47$1,396,877$89,308$0$765,638
48$1,467,726$22,052$0$785,142
49$1,543,545$0$0$805,802
50$1,624,770$0$0$842,282
51$1,711,879$0$0$888,215
52$1,805,397$0$0$937,574
53$1,905,900$0$0$990,668
54$2,014,018$0$0$1,047,838
55$2,130,447$0$0$1,109,457
56$2,255,948$0$0$1,175,935
57$2,391,358$0$0$1,247,723
58$2,537,598$0$0$1,325,317
59$2,695,676$0$0$1,409,261
60$2,866,705$0$0$1,500,154
61$3,051,905$0$0$1,598,652
62$3,252,619$0$0$1,705,480
63$3,470,322$0$0$1,821,433
64$3,706,637$0$0$1,947,385
65$3,963,351$0$0$2,084,301
66$4,242,427$0$0$2,233,237
67$4,546,025$0$0$2,395,360
68$4,876,522$0$0$2,571,951
69$5,236,534$0$0$2,764,420
70$5,628,940$0$0$2,974,321
71$6,056,907$0$0$3,203,360
72$6,523,921$0$0$3,453,421
73$7,033,822$0$0$3,726,572
74$7,590,832$0$0$4,025,092
75$8,199,604$0$0$4,351,492
76$8,865,258$0$0$4,708,534
77$9,593,431$0$0$5,099,259
78$10,390,330$0$0$5,527,017
79$11,262,793$0$0$5,995,498
80$12,218,345$0$0$6,508,762
81$13,265,276$0$0$7,071,283
82$14,412,714$0$0$7,687,988
83$15,670,715$0$0$8,364,304
84$17,050,350$0$0$9,106,206
85$18,563,817$0$0$9,920,277
86$20,224,548$0$0$10,813,769
87$22,047,342$0$0$11,794,668
88$24,048,497$0$0$12,871,773
89$26,245,968$0$0$14,054,774
90$28,659,534$0$0$15,354,350
91$31,310,983$0$0$16,782,260
92$34,224,317$0$0$18,351,464
93$37,425,979$0$0$20,076,234
94$40,945,100$0$0$21,972,298
95$44,813,774$0$0$24,056,982
96$49,067,360$0$0$26,349,374
97$53,744,812$0$0$28,870,505
98$58,889,051$0$0$31,643,546
99$64,547,364$0$0$34,694,028
100$70,771,851$0$0$38,050,079