Can I retire at age 30 with 577,000?

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 $577,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.5%
1 years$47,648$47,224$46,810$46,405$46,011$44,972
2 years$23,588$23,149$22,723$22,310$21,910$20,868
3 years$15,569$15,128$14,703$14,294$13,901$12,889
4 years$11,561$11,121$10,700$10,298$9,914$8,941
5 years$9,156$8,719$8,304$7,910$7,536$6,604
6 years$7,553$7,120$6,711$6,326$5,963$5,073
7 years$6,409$5,979$5,577$5,201$4,850$4,001
8 years$5,551$5,125$4,729$4,363$4,023$3,217
9 years$4,885$4,462$4,073$3,716$3,388$2,623
10 years$4,352$3,933$3,551$3,203$2,887$2,161
11 years$3,916$3,502$3,127$2,788$2,483$1,797
12 years$3,553$3,143$2,775$2,445$2,152$1,504
13 years$3,246$2,840$2,479$2,159$1,876$1,265
14 years$2,983$2,582$2,227$1,916$1,645$1,069
15 years$2,755$2,358$2,011$1,709$1,448$907
16 years$2,556$2,164$1,823$1,530$1,280$772
17 years$2,381$1,993$1,659$1,375$1,135$659
18 years$2,225$1,841$1,515$1,239$1,009$563
19 years$2,086$1,707$1,387$1,120$899$482
20 years$1,961$1,586$1,272$1,014$803$414
21 years$1,848$1,477$1,170$920$719$355
22 years$1,745$1,379$1,079$837$644$306
23 years$1,652$1,290$996$762$578$263
24 years$1,566$1,208$921$695$520$227
25 years$1,488$1,134$853$635$468$195
26 years$1,415$1,066$791$580$421$168
27 years$1,348$1,003$735$531$380$145
28 years$1,286$945$683$487$343$126
29 years$1,228$892$636$446$310$108
30 years$1,175$842$592$410$280$94
31 years$1,124$796$552$376$253$81
32 years$1,077$753$515$346$229$70
33 years$1,033$713$481$318$207$61
34 years$992$676$449$293$187$52
35 years$953$641$420$269$170$45
36 years$916$609$393$248$154$39
37 years$882$578$368$229$139$34
38 years$849$549$344$211$126$29
39 years$818$522$323$194$115$25
40 years$789$497$302$179$104$22
41 years$761$473$284$165$94$19
42 years$735$451$266$153$86$16
43 years$709$429$250$141$78$14
44 years$686$409$234$130$70$12
45 years$663$390$220$120$64$11
46 years$641$372$207$111$58$9
47 years$620$355$194$102$53$8
48 years$600$339$182$95$48$7
49 years$581$324$171$88$44$6
50 years$563$309$161$81$40$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $577,000, adding $2,135 every year, while hoping to spend $36,399 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: 63/12/25 Blend
29$577,000$577,000$577,000$577,000
30$638,056$607,475$598,532$673,919
31$664,410$598,513$579,854$689,475
32$692,231$587,892$559,331$702,246
33$721,632$575,492$536,862$715,391
34$752,734$561,187$512,343$728,949
35$785,670$544,842$485,663$742,969
36$820,584$526,314$456,708$757,503
37$857,634$505,455$425,358$772,612
38$896,994$482,103$391,489$788,363
39$938,853$456,092$354,970$804,833
40$983,418$427,243$315,664$822,109
41$1,030,917$395,367$273,428$840,286
42$1,081,596$360,266$228,114$859,475
43$1,135,729$321,729$179,566$879,797
44$1,193,613$279,534$127,621$901,391
45$1,255,576$233,446$72,111$924,408
46$1,321,976$183,216$12,857$949,022
47$1,393,206$128,582$0$975,425
48$1,469,698$69,267$0$1,017,270
49$1,551,925$4,979$0$1,065,893
50$1,640,407$0$0$1,118,181
51$1,735,715$0$0$1,183,020
52$1,838,477$0$0$1,253,670
53$1,949,380$0$0$1,329,950
54$2,069,181$0$0$1,412,386
55$2,198,713$0$0$1,501,553
56$2,338,889$0$0$1,598,086
57$2,490,714$0$0$1,702,683
58$2,655,293$0$0$1,816,108
59$2,833,840$0$0$1,939,204
60$3,027,692$0$0$2,072,899
61$3,238,318$0$0$2,218,211
62$3,467,335$0$0$2,376,263
63$3,716,520$0$0$2,548,287
64$3,987,832$0$0$2,735,641
65$4,283,422$0$0$2,939,820
66$4,605,661$0$0$3,162,467
67$4,957,156$0$0$3,405,391
68$5,340,777$0$0$3,670,585
69$5,759,685$0$0$3,960,241
70$6,217,357$0$0$4,276,772
71$6,717,622$0$0$4,622,836
72$7,264,697$0$0$5,001,358
73$7,863,222$0$0$5,415,560
74$8,518,308$0$0$5,868,988
75$9,235,584$0$0$6,365,549
76$10,021,248$0$0$6,909,544
77$10,882,123$0$0$7,505,709
78$11,825,727$0$0$8,159,262
79$12,860,338$0$0$8,875,949
80$13,995,073$0$0$9,662,097
81$15,239,975$0$0$10,524,678
82$16,606,106$0$0$11,471,370
83$18,105,648$0$0$12,510,628
84$19,752,025$0$0$13,651,770
85$21,560,019$0$0$14,905,058
86$23,545,917$0$0$16,281,797
87$25,727,660$0$0$17,794,441
88$28,125,013$0$0$19,456,709
89$30,759,749$0$0$21,283,716
90$33,655,858$0$0$23,292,114
91$36,839,765$0$0$25,500,249
92$40,340,588$0$0$27,928,332
93$44,190,405$0$0$30,598,633
94$48,424,557$0$0$33,535,684
95$53,081,986$0$0$36,766,519
96$58,205,593$0$0$40,320,919
97$63,842,649$0$0$44,231,702
98$70,045,237$0$0$48,535,022
99$76,870,745$0$0$53,270,720
100$84,382,403$0$0$58,482,690