Can I retire at age 30 with 611,000?

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 $611,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$50,456$50,006$49,568$49,140$48,722$47,371
2 years$24,978$24,513$24,062$23,625$23,201$21,850
3 years$16,487$16,019$15,570$15,137$14,720$13,411
4 years$12,242$11,776$11,331$10,905$10,498$9,242
5 years$9,696$9,233$8,793$8,376$7,981$6,780
6 years$7,999$7,539$7,106$6,699$6,315$5,171
7 years$6,787$6,331$5,905$5,507$5,136$4,049
8 years$5,879$5,427$5,008$4,620$4,260$3,230
9 years$5,172$4,725$4,314$3,935$3,588$2,613
10 years$4,608$4,165$3,761$3,392$3,057$2,136
11 years$4,146$3,708$3,311$2,952$2,629$1,761
12 years$3,762$3,328$2,938$2,589$2,278$1,461
13 years$3,437$3,008$2,625$2,286$1,987$1,219
14 years$3,159$2,734$2,359$2,029$1,742$1,021
15 years$2,918$2,497$2,130$1,810$1,533$858
16 years$2,707$2,291$1,931$1,620$1,355$724
17 years$2,521$2,110$1,757$1,456$1,202$612
18 years$2,356$1,950$1,604$1,312$1,068$518
19 years$2,209$1,807$1,468$1,186$952$439
20 years$2,077$1,679$1,347$1,074$851$373
21 years$1,957$1,564$1,239$975$761$317
22 years$1,848$1,460$1,142$886$682$270
23 years$1,749$1,366$1,055$807$613$230
24 years$1,659$1,280$975$736$551$196
25 years$1,575$1,201$903$672$495$167
26 years$1,498$1,129$838$615$446$143
27 years$1,428$1,062$778$563$402$122
28 years$1,362$1,001$723$515$363$104
29 years$1,301$944$673$473$328$89
30 years$1,244$892$627$434$296$76
31 years$1,191$843$585$398$268$65
32 years$1,141$798$545$366$242$56
33 years$1,094$755$509$337$219$48
34 years$1,050$716$476$310$198$41
35 years$1,009$679$445$285$180$35
36 years$970$644$416$263$163$30
37 years$934$612$389$242$148$26
38 years$899$582$365$223$134$22
39 years$866$553$342$206$121$19
40 years$835$526$320$190$110$16
41 years$806$501$300$175$100$14
42 years$778$477$282$162$91$12
43 years$751$455$264$149$82$10
44 years$726$433$248$138$75$9
45 years$702$413$233$127$68$7
46 years$679$394$219$117$62$6
47 years$657$376$206$109$56$5
48 years$636$359$193$100$51$5
49 years$616$343$182$93$46$4
50 years$597$328$171$86$42$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $611,000, adding $4,578 every year, while hoping to spend $36,838 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: 73/9/18 Blend
29$611,000$611,000$611,000$611,000
30$678,044$645,661$636,191$724,366
31$708,009$638,103$618,308$748,160
32$739,796$628,940$598,591$769,303
33$773,552$618,055$576,940$791,511
34$809,437$605,322$553,251$814,882
35$847,627$590,611$527,412$839,524
36$888,315$573,781$499,311$865,558
37$931,712$554,684$468,826$893,117
38$978,048$533,165$435,833$922,349
39$1,027,576$509,057$400,200$953,418
40$1,080,573$482,186$361,791$986,504
41$1,137,344$452,365$320,464$1,021,809
42$1,198,222$419,400$276,069$1,059,555
43$1,263,573$383,083$228,449$1,099,987
44$1,333,799$343,195$177,443$1,143,379
45$1,409,339$299,505$122,881$1,190,030
46$1,490,679$251,768$64,585$1,240,275
47$1,578,350$199,726$2,370$1,294,482
48$1,672,935$143,106$0$1,353,060
49$1,775,076$81,620$0$1,428,756
50$1,885,477$14,963$0$1,511,058
51$2,004,914$0$0$1,600,104
52$2,134,238$0$0$1,702,209
53$2,274,384$0$0$1,814,488
54$2,426,383$0$0$1,936,287
55$2,591,366$0$0$2,068,517
56$2,770,579$0$0$2,212,178
57$2,965,390$0$0$2,368,372
58$3,177,307$0$0$2,538,309
59$3,407,986$0$0$2,723,324
60$3,659,253$0$0$2,924,883
61$3,933,114$0$0$3,144,599
62$4,231,778$0$0$3,384,251
63$4,557,677$0$0$3,645,792
64$4,913,486$0$0$3,931,375
65$5,302,153$0$0$4,243,370
66$5,726,919$0$0$4,584,384
67$6,191,356$0$0$4,957,290
68$6,699,394$0$0$5,365,249
69$7,255,363$0$0$5,811,743
70$7,864,028$0$0$6,300,606
71$8,530,639$0$0$6,836,058
72$9,260,975$0$0$7,422,750
73$10,061,402$0$0$8,065,800
74$10,938,931$0$0$8,770,849
75$11,901,282$0$0$9,544,106
76$12,956,960$0$0$10,392,412
77$14,115,333$0$0$11,323,301
78$15,386,718$0$0$12,345,074
79$16,782,480$0$0$13,466,872
80$18,315,139$0$0$14,698,765
81$19,998,485$0$0$16,051,846
82$21,847,712$0$0$17,538,337
83$23,879,556$0$0$19,171,700
84$26,112,454$0$0$20,966,766
85$28,566,719$0$0$22,939,874
86$31,264,728$0$0$25,109,027
87$34,231,138$0$0$27,494,055
88$37,493,109$0$0$30,116,810
89$41,080,569$0$0$33,001,363
90$45,026,489$0$0$36,174,240
91$49,367,198$0$0$39,664,662
92$54,142,722$0$0$43,504,827
93$59,397,161$0$0$47,730,212
94$65,179,107$0$0$52,379,905
95$71,542,100$0$0$57,496,975
96$78,545,132$0$0$63,128,877
97$86,253,204$0$0$69,327,900
98$94,737,938$0$0$76,151,659
99$104,078,252$0$0$83,663,640
100$114,361,105$0$0$91,933,795