Can I retire at age 30 with 609,000?

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 $609,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.2%
1 years$50,291$49,843$49,406$48,979$48,563$46,765
2 years$24,896$24,433$23,983$23,548$23,125$21,334
3 years$16,433$15,967$15,519$15,087$14,671$12,944
4 years$12,202$11,737$11,294$10,869$10,464$8,813
5 years$9,664$9,202$8,764$8,349$7,954$6,384
6 years$7,972$7,514$7,083$6,677$6,294$4,805
7 years$6,765$6,311$5,886$5,489$5,119$3,711
8 years$5,859$5,409$4,992$4,605$4,247$2,919
9 years$5,156$4,710$4,299$3,922$3,576$2,327
10 years$4,593$4,151$3,748$3,381$3,047$1,874
11 years$4,133$3,696$3,300$2,942$2,621$1,521
12 years$3,750$3,317$2,929$2,581$2,271$1,242
13 years$3,426$2,998$2,617$2,279$1,980$1,019
14 years$3,148$2,725$2,351$2,023$1,736$840
15 years$2,908$2,489$2,123$1,804$1,528$694
16 years$2,698$2,284$1,924$1,615$1,351$575
17 years$2,513$2,103$1,751$1,451$1,198$478
18 years$2,349$1,944$1,599$1,308$1,065$397
19 years$2,202$1,801$1,463$1,182$949$331
20 years$2,070$1,674$1,343$1,070$848$276
21 years$1,951$1,559$1,235$971$759$230
22 years$1,842$1,455$1,139$883$680$192
23 years$1,743$1,361$1,051$804$611$161
24 years$1,653$1,275$972$734$549$135
25 years$1,570$1,197$901$670$494$113
26 years$1,494$1,125$835$613$445$94
27 years$1,423$1,059$776$561$401$79
28 years$1,357$998$721$514$362$66
29 years$1,296$941$671$471$327$55
30 years$1,240$889$625$432$295$46
31 years$1,187$840$583$397$267$39
32 years$1,137$795$544$365$241$33
33 years$1,091$753$508$336$219$27
34 years$1,047$713$474$309$198$23
35 years$1,006$677$443$284$179$19
36 years$967$642$415$262$162$16
37 years$931$610$388$241$147$14
38 years$896$580$364$222$133$11
39 years$864$551$341$205$121$10
40 years$833$525$319$189$110$8
41 years$803$499$299$174$100$7
42 years$775$476$281$161$90$6
43 years$749$453$263$149$82$5
44 years$724$432$247$137$74$4
45 years$700$412$232$127$68$3
46 years$677$393$218$117$61$3
47 years$655$375$205$108$56$2
48 years$634$358$193$100$51$2
49 years$614$342$181$92$46$2
50 years$595$326$170$85$42$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $609,000, adding $4,295 every year, while hoping to spend $45,920 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: 28/47/25 Blend
29$609,000$609,000$609,000$609,000
30$675,548$643,271$633,832$689,100
31$695,596$625,933$606,207$682,795
32$716,149$606,206$576,117$671,729
33$737,211$583,925$543,432$658,893
34$758,784$558,915$508,014$644,166
35$780,868$530,990$469,721$627,420
36$803,463$499,954$428,402$608,519
37$826,565$465,601$383,903$587,320
38$850,169$427,710$336,058$563,671
39$874,269$386,051$284,699$537,413
40$898,855$340,378$229,647$508,375
41$923,914$290,432$170,716$476,378
42$949,430$235,940$107,712$441,233
43$975,384$176,613$40,432$402,738
44$1,001,752$112,147$0$360,681
45$1,028,507$42,218$0$323,206
46$1,055,615$0$0$293,761
47$1,083,037$0$0$278,693
48$1,110,728$0$0$285,490
49$1,138,637$0$0$292,298
50$1,166,702$0$0$299,099
51$1,194,856$0$0$305,867
52$1,223,019$0$0$312,579
53$1,251,103$0$0$319,203
54$1,279,007$0$0$325,708
55$1,306,617$0$0$332,055
56$1,333,802$0$0$338,204
57$1,360,419$0$0$344,106
58$1,386,304$0$0$349,710
59$1,411,273$0$0$354,956
60$1,435,122$0$0$359,778
61$1,457,620$0$0$364,104
62$1,478,510$0$0$367,852
63$1,497,505$0$0$370,930
64$1,514,287$0$0$373,237
65$1,528,497$0$0$374,660
66$1,539,738$0$0$375,075
67$1,547,570$0$0$374,340
68$1,551,499$0$0$372,303
69$1,550,981$0$0$368,790
70$1,545,409$0$0$363,613
71$1,534,110$0$0$356,559
72$1,516,337$0$0$347,396
73$1,491,262$0$0$335,863
74$1,457,967$0$0$321,675
75$1,415,436$0$0$304,514
76$1,362,543$0$0$284,028
77$1,298,041$0$0$259,828
78$1,220,550$0$0$231,486
79$1,128,543$0$0$198,525
80$1,020,332$0$0$160,419
81$894,049$0$0$116,589
82$747,628$0$0$66,393
83$578,788$0$0$9,120
84$385,005$0$0$0
85$163,493$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