Can I retire at age 30 with 612,000?

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 $612,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$50,538$50,088$49,649$49,220$48,802$47,487
2 years$25,019$24,553$24,101$23,664$23,239$21,924
3 years$16,514$16,046$15,595$15,162$14,744$13,469
4 years$12,262$11,795$11,349$10,923$10,515$9,292
5 years$9,711$9,248$8,808$8,390$7,994$6,824
6 years$8,012$7,551$7,118$6,709$6,325$5,210
7 years$6,798$6,342$5,915$5,516$5,144$4,084
8 years$5,888$5,436$5,016$4,627$4,267$3,262
9 years$5,181$4,733$4,321$3,942$3,594$2,642
10 years$4,615$4,172$3,767$3,398$3,062$2,163
11 years$4,153$3,714$3,316$2,957$2,633$1,785
12 years$3,768$3,333$2,943$2,594$2,282$1,483
13 years$3,443$3,012$2,629$2,290$1,990$1,239
14 years$3,164$2,738$2,363$2,033$1,744$1,039
15 years$2,922$2,501$2,133$1,813$1,536$875
16 years$2,711$2,295$1,934$1,623$1,357$739
17 years$2,525$2,114$1,760$1,458$1,204$625
18 years$2,360$1,953$1,606$1,314$1,070$530
19 years$2,213$1,810$1,471$1,188$954$450
20 years$2,080$1,682$1,350$1,076$852$383
21 years$1,960$1,567$1,241$976$762$326
22 years$1,851$1,463$1,144$888$683$278
23 years$1,752$1,368$1,056$808$614$237
24 years$1,661$1,282$977$737$551$203
25 years$1,578$1,203$905$673$496$173
26 years$1,501$1,130$839$616$447$148
27 years$1,430$1,064$779$563$403$127
28 years$1,364$1,002$725$516$364$108
29 years$1,303$946$674$473$328$93
30 years$1,246$893$628$434$297$79
31 years$1,193$844$585$399$268$68
32 years$1,143$799$546$367$243$58
33 years$1,096$757$510$337$220$50
34 years$1,052$717$477$310$199$43
35 years$1,011$680$446$286$180$37
36 years$972$645$417$263$163$31
37 years$935$613$390$242$148$27
38 years$901$583$365$223$134$23
39 years$868$554$342$206$122$20
40 years$837$527$321$190$110$17
41 years$807$502$301$175$100$15
42 years$779$478$282$162$91$12
43 years$753$455$265$149$82$11
44 years$727$434$249$138$75$9
45 years$703$414$233$127$68$8
46 years$680$395$219$118$62$7
47 years$658$377$206$109$56$6
48 years$637$360$194$100$51$5
49 years$617$343$182$93$46$4
50 years$598$328$171$86$42$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $612,000, adding $3,014 every year, while hoping to spend $26,804 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: 69/25/6 Blend
29$612,000$612,000$612,000$612,000
30$677,533$645,097$635,611$723,510
31$718,122$648,187$628,385$757,413
32$761,953$650,531$620,018$790,913
33$809,328$652,063$610,444$826,822
34$860,579$652,714$599,594$865,371
35$916,072$652,411$587,394$906,815
36$976,208$651,076$573,769$951,432
37$1,041,430$648,626$558,638$999,533
38$1,112,221$644,975$541,918$1,051,459
39$1,189,117$640,028$523,522$1,107,586
40$1,272,706$633,688$503,359$1,168,329
41$1,363,632$625,849$481,332$1,234,147
42$1,462,609$616,402$457,342$1,305,545
43$1,570,417$605,227$431,285$1,383,080
44$1,687,918$592,202$403,052$1,467,370
45$1,816,060$577,194$372,528$1,559,091
46$1,955,885$560,064$339,595$1,658,995
47$2,108,542$540,664$304,129$1,767,906
48$2,275,295$518,838$265,998$1,886,738
49$2,457,534$494,420$225,068$2,016,497
50$2,656,792$467,236$181,197$2,158,292
51$2,874,755$437,101$134,237$2,313,348
52$3,113,279$403,818$84,034$2,483,017
53$3,374,410$367,181$30,425$2,668,789
54$3,660,399$326,972$0$2,872,309
55$3,973,725$282,960$0$3,097,106
56$4,317,120$234,899$0$3,345,655
57$4,693,590$182,533$0$3,618,227
58$5,106,448$125,589$0$3,917,267
59$5,559,342$63,779$0$4,245,476
60$6,056,290$0$0$4,605,829
61$6,601,719$0$0$5,002,487
62$7,200,504$0$0$5,457,246
63$7,858,015$0$0$5,956,641
64$8,580,168$0$0$6,505,171
65$9,373,482$0$0$7,107,792
66$10,245,134$0$0$7,769,961
67$11,203,036$0$0$8,497,693
68$12,255,899$0$0$9,297,612
69$13,413,324$0$0$10,177,016
70$14,685,888$0$0$11,143,949
71$16,085,241$0$0$12,207,268
72$17,624,223$0$0$13,376,734
73$19,316,977$0$0$14,663,103
74$21,179,087$0$0$16,078,222
75$23,227,723$0$0$17,635,147
76$25,481,803$0$0$19,348,262
77$27,962,173$0$0$21,233,416
78$30,691,798$0$0$23,308,072
79$33,695,987$0$0$25,591,472
80$37,002,622$0$0$28,104,818
81$40,642,427$0$0$30,871,469
82$44,649,257$0$0$33,917,167
83$49,060,415$0$0$37,270,276
84$53,917,004$0$0$40,962,050
85$59,264,316$0$0$45,026,926
86$65,152,260$0$0$49,502,851
87$71,635,828$0$0$54,431,641
88$78,775,618$0$0$59,859,372
89$86,638,404$0$0$65,836,816
90$95,297,765$0$0$72,419,921
91$104,834,783$0$0$79,670,337
92$115,338,800$0$0$87,655,997
93$126,908,270$0$0$96,451,763
94$139,651,680$0$0$106,140,125
95$153,688,579$0$0$116,811,984
96$169,150,704$0$0$128,567,507
97$186,183,221$0$0$141,517,076
98$204,946,097$0$0$155,782,325
99$225,615,611$0$0$171,497,290
100$248,386,013$0$0$188,809,675