Can I retire at age 30 with 610,000?

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 $610,000?

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$50,373$49,925$49,487$49,059$48,642$47,104
2 years$24,937$24,473$24,023$23,586$23,163$21,627
3 years$16,460$15,993$15,544$15,112$14,696$13,210
4 years$12,222$11,757$11,312$10,887$10,481$9,058
5 years$9,680$9,217$8,779$8,363$7,967$6,610
6 years$7,985$7,527$7,095$6,688$6,304$5,014
7 years$6,776$6,321$5,896$5,498$5,127$3,904
8 years$5,869$5,418$5,000$4,612$4,253$3,096
9 years$5,164$4,718$4,306$3,929$3,582$2,489
10 years$4,600$4,158$3,754$3,387$3,052$2,022
11 years$4,140$3,702$3,305$2,947$2,625$1,656
12 years$3,756$3,323$2,933$2,585$2,275$1,365
13 years$3,431$3,003$2,621$2,282$1,984$1,131
14 years$3,153$2,729$2,355$2,026$1,739$941
15 years$2,913$2,493$2,126$1,807$1,531$786
16 years$2,703$2,288$1,928$1,618$1,353$658
17 years$2,517$2,107$1,754$1,454$1,200$552
18 years$2,353$1,947$1,601$1,310$1,067$464
19 years$2,205$1,804$1,466$1,184$951$390
20 years$2,073$1,677$1,345$1,072$849$329
21 years$1,954$1,562$1,237$973$760$278
22 years$1,845$1,458$1,140$885$681$235
23 years$1,746$1,363$1,053$806$612$198
24 years$1,656$1,277$974$735$550$168
25 years$1,573$1,199$902$671$495$142
26 years$1,496$1,127$837$614$446$120
27 years$1,425$1,060$777$562$402$102
28 years$1,360$999$722$515$362$86
29 years$1,299$943$672$472$327$73
30 years$1,242$890$626$433$296$62
31 years$1,189$841$584$398$267$53
32 years$1,139$796$544$366$242$45
33 years$1,092$754$508$336$219$38
34 years$1,049$715$475$309$198$32
35 years$1,008$678$444$285$179$27
36 years$969$643$415$262$163$23
37 years$932$611$389$242$147$20
38 years$898$581$364$223$134$17
39 years$865$552$341$205$121$14
40 years$834$525$320$189$110$12
41 years$805$500$300$175$100$10
42 years$777$476$281$161$90$9
43 years$750$454$264$149$82$7
44 years$725$433$248$137$75$6
45 years$701$412$233$127$68$5
46 years$678$394$218$117$61$4
47 years$656$376$205$108$56$4
48 years$635$358$193$100$51$3
49 years$615$342$181$93$46$3
50 years$596$327$170$86$42$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $610,000, adding $6,339 every year, while hoping to spend $33,038 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: 47/45/8 Blend
29$610,000$610,000$610,000$610,000
30$678,759$646,429$636,974$708,893
31$712,840$642,952$623,160$726,791
32$749,290$638,197$607,777$742,234
33$788,316$632,067$590,735$758,227
34$830,144$624,458$571,945$774,833
35$875,024$615,262$551,310$792,118
36$923,228$604,361$528,731$810,164
37$975,056$591,633$504,101$829,057
38$1,030,836$576,947$477,313$848,897
39$1,090,930$560,167$448,252$869,798
40$1,155,735$541,145$416,798$891,886
41$1,225,685$519,727$382,827$915,304
42$1,301,261$495,749$346,208$940,211
43$1,382,988$469,039$306,804$966,788
44$1,471,445$439,414$264,474$995,236
45$1,567,267$406,680$219,069$1,025,780
46$1,671,154$370,633$170,433$1,058,674
47$1,783,874$331,056$118,405$1,094,200
48$1,906,273$287,722$62,815$1,132,675
49$2,039,280$240,387$3,487$1,174,452
50$2,183,919$188,799$0$1,219,925
51$2,341,315$132,686$0$1,274,641
52$2,512,706$71,765$0$1,334,633
53$2,699,456$5,735$0$1,400,167
54$2,903,063$0$0$1,471,871
55$3,125,179$0$0$1,582,984
56$3,367,619$0$0$1,707,430
57$3,632,384$0$0$1,843,403
58$3,921,675$0$0$1,992,043
59$4,237,916$0$0$2,154,604
60$4,583,774$0$0$2,332,465
61$4,962,188$0$0$2,527,149
62$5,376,392$0$0$2,740,328
63$5,829,949$0$0$2,973,848
64$6,326,782$0$0$3,229,737
65$6,871,210$0$0$3,510,233
66$7,467,992$0$0$3,817,798
67$8,122,366$0$0$4,155,144
68$8,840,105$0$0$4,525,260
69$9,627,565$0$0$4,931,435
70$10,491,748$0$0$5,377,295
71$11,440,366$0$0$5,866,833
72$12,481,914$0$0$6,404,447
73$13,625,751$0$0$6,994,982
74$14,882,185$0$0$7,643,776
75$16,262,575$0$0$8,356,710
76$17,779,429$0$0$9,140,260
77$19,446,533$0$0$10,001,564
78$21,279,069$0$0$10,948,485
79$23,293,767$0$0$11,989,685
80$25,509,057$0$0$13,134,707
81$27,945,246$0$0$14,394,067
82$30,624,706$0$0$15,779,349
83$33,572,086$0$0$17,303,319
84$36,814,543$0$0$18,980,040
85$40,382,001$0$0$20,825,007
86$44,307,430$0$0$22,855,295
87$48,627,156$0$0$25,089,715
88$53,381,206$0$0$27,548,996
89$58,613,683$0$0$30,255,978
90$64,373,182$0$0$33,235,828
91$70,713,247$0$0$36,516,274
92$77,692,881$0$0$40,127,874
93$85,377,094$0$0$44,104,295
94$93,837,522$0$0$48,482,638
95$103,153,100$0$0$53,303,782
96$113,410,809$0$0$58,612,775
97$124,706,490$0$0$64,459,253
98$137,145,756$0$0$70,897,912
99$150,844,982$0$0$77,989,026
100$165,932,406$0$0$85,799,008