Can I retire at age 30 with 578,000?

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 $578,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$47,731$47,306$46,891$46,486$46,091$45,533
2 years$23,629$23,189$22,762$22,349$21,948$21,387
3 years$15,596$15,154$14,729$14,319$13,925$13,378
4 years$11,581$11,140$10,719$10,316$9,931$9,402
5 years$9,172$8,734$8,318$7,924$7,550$7,040
6 years$7,567$7,132$6,722$6,337$5,974$5,485
7 years$6,420$5,989$5,586$5,210$4,858$4,390
8 years$5,561$5,134$4,738$4,370$4,030$3,582
9 years$4,893$4,470$4,081$3,723$3,394$2,966
10 years$4,359$3,940$3,558$3,209$2,892$2,484
11 years$3,922$3,508$3,132$2,793$2,487$2,099
12 years$3,559$3,148$2,780$2,450$2,155$1,786
13 years$3,251$2,845$2,483$2,163$1,880$1,529
14 years$2,988$2,586$2,231$1,920$1,648$1,315
15 years$2,760$2,362$2,015$1,712$1,451$1,136
16 years$2,561$2,168$1,826$1,533$1,282$984
17 years$2,385$1,996$1,662$1,377$1,137$855
18 years$2,229$1,845$1,517$1,241$1,011$745
19 years$2,090$1,710$1,389$1,122$901$651
20 years$1,964$1,589$1,275$1,016$805$569
21 years$1,851$1,480$1,172$922$720$499
22 years$1,748$1,381$1,081$838$646$437
23 years$1,655$1,292$998$763$579$384
24 years$1,569$1,210$923$696$521$338
25 years$1,490$1,136$855$636$469$297
26 years$1,418$1,068$793$581$422$262
27 years$1,350$1,005$736$532$381$231
28 years$1,288$947$684$488$343$203
29 years$1,230$893$637$447$310$179
30 years$1,177$843$593$410$280$158
31 years$1,126$797$553$377$253$140
32 years$1,079$754$516$346$229$124
33 years$1,035$714$482$319$207$109
34 years$994$677$450$293$188$96
35 years$955$642$421$270$170$85
36 years$918$610$394$248$154$75
37 years$883$579$368$229$140$67
38 years$851$550$345$211$127$59
39 years$820$523$323$195$115$52
40 years$790$498$303$179$104$46
41 years$762$474$284$166$94$41
42 years$736$451$266$153$86$36
43 years$711$430$250$141$78$32
44 years$687$410$235$130$71$28
45 years$664$391$220$120$64$25
46 years$642$373$207$111$58$22
47 years$621$356$194$103$53$20
48 years$601$340$183$95$48$17
49 years$583$324$172$88$44$15
50 years$564$310$162$81$40$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $578,000, adding $3,033 every year, while hoping to spend $46,297 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: 67/25/8 Blend
29$578,000$578,000$578,000$578,000
30$640,085$609,451$600,492$681,817
31$656,114$590,054$571,348$690,517
32$672,226$568,155$539,677$694,181
33$688,381$543,583$505,344$696,960
34$704,533$516,156$468,211$698,760
35$720,629$485,682$428,130$699,481
36$736,611$451,957$384,950$699,013
37$752,411$414,769$338,511$697,237
38$767,954$373,889$288,648$694,025
39$783,153$329,078$235,186$689,236
40$797,915$280,083$177,945$682,719
41$812,131$226,636$116,735$674,309
42$825,681$168,454$51,358$663,826
43$838,431$105,238$0$651,077
44$850,230$36,674$0$637,420
45$860,910$0$0$625,836
46$870,285$0$0$622,042
47$878,144$0$0$627,198
48$884,257$0$0$631,045
49$888,364$0$0$633,389
50$890,178$0$0$634,019
51$889,381$0$0$632,698
52$885,616$0$0$629,164
53$878,492$0$0$623,125
54$867,571$0$0$614,258
55$852,369$0$0$602,206
56$832,351$0$0$586,571
57$806,921$0$0$566,913
58$775,422$0$0$542,747
59$737,126$0$0$513,533
60$691,225$0$0$478,676
61$636,829$0$0$437,514
62$572,949$0$0$389,320
63$498,495$0$0$333,286
64$412,261$0$0$268,521
65$312,913$0$0$194,038
66$198,978$0$0$108,749
67$68,827$0$0$11,451
68$0$0$0$0
69$0$0$0$0
70$0$0$0$0
71$0$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0