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%16.9%
1 years$47,731$47,306$46,891$46,486$46,091$44,795
2 years$23,629$23,189$22,762$22,349$21,948$20,652
3 years$15,596$15,154$14,729$14,319$13,925$12,670
4 years$11,581$11,140$10,719$10,316$9,931$8,727
5 years$9,172$8,734$8,318$7,924$7,550$6,399
6 years$7,567$7,132$6,722$6,337$5,974$4,878
7 years$6,420$5,989$5,586$5,210$4,858$3,817
8 years$5,561$5,134$4,738$4,370$4,030$3,043
9 years$4,893$4,470$4,081$3,723$3,394$2,460
10 years$4,359$3,940$3,558$3,209$2,892$2,010
11 years$3,922$3,508$3,132$2,793$2,487$1,656
12 years$3,559$3,148$2,780$2,450$2,155$1,373
13 years$3,251$2,845$2,483$2,163$1,880$1,145
14 years$2,988$2,586$2,231$1,920$1,648$958
15 years$2,760$2,362$2,015$1,712$1,451$805
16 years$2,561$2,168$1,826$1,533$1,282$678
17 years$2,385$1,996$1,662$1,377$1,137$573
18 years$2,229$1,845$1,517$1,241$1,011$485
19 years$2,090$1,710$1,389$1,122$901$411
20 years$1,964$1,589$1,275$1,016$805$349
21 years$1,851$1,480$1,172$922$720$296
22 years$1,748$1,381$1,081$838$646$252
23 years$1,655$1,292$998$763$579$215
24 years$1,569$1,210$923$696$521$183
25 years$1,490$1,136$855$636$469$156
26 years$1,418$1,068$793$581$422$133
27 years$1,350$1,005$736$532$381$113
28 years$1,288$947$684$488$343$97
29 years$1,230$893$637$447$310$83
30 years$1,177$843$593$410$280$71
31 years$1,126$797$553$377$253$60
32 years$1,079$754$516$346$229$52
33 years$1,035$714$482$319$207$44
34 years$994$677$450$293$188$38
35 years$955$642$421$270$170$32
36 years$918$610$394$248$154$28
37 years$883$579$368$229$140$24
38 years$851$550$345$211$127$20
39 years$820$523$323$195$115$17
40 years$790$498$303$179$104$15
41 years$762$474$284$166$94$13
42 years$736$451$266$153$86$11
43 years$711$430$250$141$78$9
44 years$687$410$235$130$71$8
45 years$664$391$220$120$64$7
46 years$642$373$207$111$58$6
47 years$621$356$194$103$53$5
48 years$601$340$183$95$48$4
49 years$583$324$172$88$44$4
50 years$564$310$162$81$40$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $578,000, adding $3,472 every year, while hoping to spend $38,687 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: 76/16/8 Blend
29$578,000$578,000$578,000$578,000
30$640,537$609,903$600,944$688,200
31$664,710$598,626$579,913$708,752
32$690,051$585,499$556,881$725,982
33$716,639$570,392$531,740$743,754
34$744,560$553,165$504,377$762,106
35$773,905$533,671$474,674$781,081
36$804,777$511,753$442,508$800,728
37$837,282$487,248$407,751$821,098
38$871,542$459,980$370,267$842,253
39$907,685$429,764$329,917$864,258
40$945,853$396,407$286,553$887,187
41$986,200$359,701$240,023$911,121
42$1,028,894$319,428$190,165$936,152
43$1,074,119$275,358$136,814$962,382
44$1,122,076$227,247$79,794$989,923
45$1,172,984$174,838$18,923$1,018,901
46$1,227,083$117,860$0$1,049,456
47$1,284,635$56,025$0$1,085,673
48$1,345,928$0$0$1,125,775
49$1,411,277$0$0$1,170,284
50$1,481,024$0$0$1,228,331
51$1,555,549$0$0$1,290,367
52$1,635,264$0$0$1,356,738
53$1,720,623$0$0$1,427,824
54$1,812,123$0$0$1,504,040
55$1,910,310$0$0$1,585,844
56$2,015,783$0$0$1,673,736
57$2,129,199$0$0$1,768,267
58$2,251,279$0$0$1,870,040
59$2,382,815$0$0$1,979,717
60$2,524,679$0$0$2,098,029
61$2,677,825$0$0$2,225,774
62$2,843,304$0$0$2,363,832
63$3,022,271$0$0$2,513,169
64$3,215,995$0$0$2,674,848
65$3,425,869$0$0$2,850,036
66$3,653,430$0$0$3,040,018
67$3,900,362$0$0$3,246,205
68$4,168,521$0$0$3,470,150
69$4,459,948$0$0$3,713,562
70$4,776,887$0$0$3,978,320
71$5,121,807$0$0$4,266,491
72$5,497,426$0$0$4,580,351
73$5,906,734$0$0$4,922,403
74$6,353,021$0$0$5,295,402
75$6,839,909$0$0$5,702,381
76$7,371,384$0$0$6,146,678
77$7,951,834$0$0$6,631,966
78$8,586,091$0$0$7,162,291
79$9,279,471$0$0$7,742,106
80$10,037,831$0$0$8,376,314
81$10,867,617$0$0$9,070,314
82$11,775,928$0$0$9,830,049
83$12,770,580$0$0$10,662,065
84$13,860,183$0$0$11,573,572
85$15,054,215$0$0$12,572,508
86$16,363,118$0$0$13,667,616
87$17,798,391$0$0$14,868,526
88$19,372,697$0$0$16,185,843
89$21,099,988$0$0$17,631,249
90$22,995,627$0$0$19,217,612
91$25,076,540$0$0$20,959,105
92$27,361,369$0$0$22,871,341
93$29,870,653$0$0$24,971,519
94$32,627,013$0$0$27,278,585
95$35,655,374$0$0$29,813,411
96$38,983,190$0$0$32,598,990
97$42,640,709$0$0$35,660,653
98$46,661,253$0$0$39,026,308
99$51,081,536$0$0$42,726,700
100$55,942,004$0$0$46,795,703