Can I retire at age 30 with 615,000?

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 $615,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$50,786$50,334$49,892$49,462$49,041$48,288
2 years$25,142$24,673$24,220$23,780$23,353$22,596
3 years$16,595$16,124$15,672$15,236$14,816$14,079
4 years$12,322$11,853$11,405$10,977$10,567$9,855
5 years$9,759$9,293$8,851$8,431$8,033$7,349
6 years$8,051$7,588$7,153$6,742$6,356$5,700
7 years$6,831$6,373$5,944$5,543$5,169$4,542
8 years$5,917$5,463$5,041$4,650$4,288$3,689
9 years$5,206$4,756$4,342$3,961$3,611$3,041
10 years$4,638$4,192$3,785$3,414$3,077$2,534
11 years$4,173$3,732$3,332$2,971$2,646$2,130
12 years$3,787$3,350$2,957$2,606$2,293$1,804
13 years$3,459$3,027$2,642$2,301$2,000$1,536
14 years$3,179$2,752$2,374$2,043$1,753$1,314
15 years$2,937$2,514$2,144$1,822$1,544$1,129
16 years$2,725$2,306$1,943$1,631$1,364$973
17 years$2,538$2,124$1,768$1,466$1,210$841
18 years$2,372$1,963$1,614$1,321$1,075$728
19 years$2,224$1,819$1,478$1,193$959$632
20 years$2,090$1,690$1,356$1,081$856$550
21 years$1,970$1,574$1,248$981$766$479
22 years$1,860$1,470$1,150$892$687$417
23 years$1,761$1,375$1,062$812$617$364
24 years$1,669$1,288$982$741$554$318
25 years$1,586$1,209$909$677$499$278
26 years$1,508$1,136$843$619$449$243
27 years$1,437$1,069$783$566$405$213
28 years$1,371$1,007$728$519$365$187
29 years$1,309$950$678$476$330$164
30 years$1,252$897$631$437$298$144
31 years$1,198$848$588$401$270$126
32 years$1,148$803$549$369$244$111
33 years$1,101$760$513$339$221$97
34 years$1,057$721$479$312$200$85
35 years$1,016$683$448$287$181$75
36 years$977$649$419$264$164$66
37 years$940$616$392$244$149$58
38 years$905$585$367$225$135$51
39 years$872$557$344$207$122$45
40 years$841$530$322$191$111$39
41 years$811$504$302$176$101$34
42 years$783$480$284$163$91$30
43 years$756$458$266$150$83$27
44 years$731$436$250$139$75$23
45 years$706$416$235$128$68$21
46 years$683$397$220$118$62$18
47 years$661$379$207$109$56$16
48 years$640$361$194$101$51$14
49 years$620$345$183$93$46$12
50 years$600$330$172$86$42$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $615,000, adding $6,641 every year, while hoping to spend $35,734 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: 35/47/18 Blend
29$615,000$615,000$615,000$615,000
30$684,580$651,985$642,453$704,563
31$716,387$645,912$625,954$713,673
32$750,240$638,343$607,705$719,681
33$786,310$629,168$587,610$725,412
34$824,786$618,269$565,567$730,860
35$865,872$605,522$541,471$736,025
36$909,793$590,794$515,212$740,906
37$956,795$573,947$486,674$745,510
38$1,007,148$554,830$455,738$749,845
39$1,061,150$533,290$422,278$753,925
40$1,119,125$509,158$386,162$757,770
41$1,181,430$482,262$347,253$761,404
42$1,248,457$452,414$305,407$764,861
43$1,320,636$419,418$260,475$768,184
44$1,398,440$383,069$212,300$771,422
45$1,482,387$343,146$160,718$774,637
46$1,573,048$299,418$105,560$777,905
47$1,671,050$251,640$46,647$781,312
48$1,777,081$199,554$0$784,963
49$1,891,897$142,886$0$792,094
50$2,016,332$81,349$0$809,495
51$2,151,300$14,638$0$828,400
52$2,297,808$0$0$849,038
53$2,456,963$0$0$901,442
54$2,629,982$0$0$966,720
55$2,818,205$0$0$1,037,816
56$3,023,106$0$0$1,115,297
57$3,246,305$0$0$1,199,788
58$3,489,589$0$0$1,291,975
59$3,754,921$0$0$1,392,613
60$4,044,462$0$0$1,502,536
61$4,360,593$0$0$1,622,659
62$4,705,932$0$0$1,753,991
63$5,083,364$0$0$1,897,642
64$5,496,062$0$0$2,054,835
65$5,947,523$0$0$2,226,917
66$6,441,595$0$0$2,415,368
67$6,982,516$0$0$2,621,823
68$7,574,954$0$0$2,848,079
69$8,224,047$0$0$3,096,117
70$8,935,455$0$0$3,368,116
71$9,715,413$0$0$3,666,480
72$10,570,786$0$0$3,993,853
73$11,509,135$0$0$4,353,150
74$12,538,789$0$0$4,747,582
75$13,668,924$0$0$5,180,683
76$14,909,645$0$0$5,656,349
77$16,272,083$0$0$6,178,871
78$17,768,503$0$0$6,752,976
79$19,412,412$0$0$7,383,871
80$21,218,693$0$0$8,077,294
81$23,203,741$0$0$8,839,564
82$25,385,616$0$0$9,677,644
83$27,784,218$0$0$10,599,207
84$30,421,470$0$0$11,612,705
85$33,321,524$0$0$12,727,448
86$36,510,992$0$0$13,953,699
87$40,019,191$0$0$15,302,761
88$43,878,424$0$0$16,787,089
89$48,124,284$0$0$18,420,407
90$52,795,985$0$0$20,217,837
91$57,936,734$0$0$22,196,038
92$63,594,140$0$0$24,373,370
93$69,820,659$0$0$26,770,059
94$76,674,091$0$0$29,408,395
95$84,218,121$0$0$32,312,936
96$92,522,926$0$0$35,510,745
97$101,665,830$0$0$39,031,639
98$111,732,035$0$0$42,908,477
99$122,815,426$0$0$47,177,464
100$135,019,454$0$0$51,878,496