Can I retire at age 30 with 579,000?

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 $579,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$47,813$47,387$46,972$46,566$46,170$44,321
2 years$23,670$23,229$22,802$22,388$21,986$20,146
3 years$15,623$15,180$14,754$14,344$13,949$12,176
4 years$11,601$11,159$10,737$10,334$9,948$8,257
5 years$9,188$8,749$8,333$7,938$7,563$5,956
6 years$7,580$7,144$6,734$6,348$5,984$4,463
7 years$6,431$6,000$5,596$5,219$4,867$3,431
8 years$5,571$5,143$4,746$4,378$4,037$2,686
9 years$4,902$4,478$4,088$3,729$3,400$2,131
10 years$4,367$3,947$3,564$3,214$2,897$1,707
11 years$3,929$3,514$3,137$2,798$2,491$1,379
12 years$3,565$3,154$2,784$2,454$2,159$1,120
13 years$3,257$2,850$2,488$2,166$1,883$914
14 years$2,993$2,591$2,235$1,923$1,650$749
15 years$2,765$2,367$2,018$1,715$1,453$615
16 years$2,565$2,171$1,830$1,536$1,284$507
17 years$2,389$2,000$1,665$1,380$1,139$418
18 years$2,233$1,848$1,520$1,243$1,013$346
19 years$2,093$1,713$1,391$1,124$902$286
20 years$1,968$1,591$1,277$1,018$806$237
21 years$1,854$1,482$1,175$924$721$197
22 years$1,751$1,384$1,082$840$647$164
23 years$1,658$1,294$999$765$580$136
24 years$1,572$1,212$924$697$522$113
25 years$1,493$1,138$856$637$469$94
26 years$1,420$1,069$794$582$423$78
27 years$1,353$1,006$737$533$381$65
28 years$1,290$948$685$488$344$54
29 years$1,233$895$638$448$311$45
30 years$1,179$845$594$411$281$38
31 years$1,128$799$554$378$254$31
32 years$1,081$756$517$347$230$26
33 years$1,037$716$483$319$208$22
34 years$995$678$451$294$188$18
35 years$956$643$422$270$170$15
36 years$920$611$394$249$154$13
37 years$885$580$369$229$140$10
38 years$852$551$346$211$127$9
39 years$821$524$324$195$115$7
40 years$792$499$304$180$104$6
41 years$764$475$285$166$95$5
42 years$737$452$267$153$86$4
43 years$712$431$251$141$78$3
44 years$688$411$235$130$71$3
45 years$665$392$221$120$64$2
46 years$643$374$207$111$58$2
47 years$622$356$195$103$53$2
48 years$603$340$183$95$48$1
49 years$584$325$172$88$44$1
50 years$565$310$162$81$40$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $579,000, adding $5,542 every year, while hoping to spend $29,388 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: 36/48/16 Blend
29$579,000$579,000$579,000$579,000
30$643,775$613,088$604,113$663,621
31$678,171$611,860$593,082$677,251
32$715,091$609,588$580,697$688,770
33$754,761$606,188$566,881$700,578
34$797,429$601,574$551,554$712,716
35$843,368$595,652$534,632$725,233
36$892,878$588,326$516,029$738,182
37$946,287$579,490$495,652$751,628
38$1,003,959$569,035$473,406$765,642
39$1,066,288$556,843$449,191$780,307
40$1,133,713$542,792$422,903$795,717
41$1,206,714$526,751$394,432$811,977
42$1,285,817$508,580$363,664$829,210
43$1,371,604$488,134$330,479$847,552
44$1,464,711$465,256$294,755$867,157
45$1,565,842$439,784$256,359$888,199
46$1,675,767$411,543$215,156$910,875
47$1,795,336$380,349$171,005$935,406
48$1,925,484$346,010$123,757$962,040
49$2,067,238$308,319$73,257$991,058
50$2,221,729$267,059$19,345$1,022,770
51$2,390,203$222,003$0$1,057,530
52$2,574,030$172,907$0$1,102,248
53$2,774,718$119,516$0$1,154,793
54$2,993,927$61,561$0$1,212,382
55$3,233,486$0$0$1,275,595
56$3,495,406$0$0$1,345,738
57$3,781,904$0$0$1,458,107
58$4,095,418$0$0$1,581,153
59$4,438,635$0$0$1,715,941
60$4,814,513$0$0$1,863,644
61$5,226,309$0$0$2,025,551
62$5,677,611$0$0$2,203,085
63$6,172,370$0$0$2,397,811
64$6,714,937$0$0$2,611,455
65$7,310,104$0$0$2,845,917
66$7,963,152$0$0$3,103,288
67$8,679,894$0$0$3,385,875
68$9,466,736$0$0$3,696,216
69$10,330,732$0$0$4,037,108
70$11,279,655$0$0$4,411,634
71$12,322,067$0$0$4,823,188
72$13,467,399$0$0$5,275,510
73$14,726,043$0$0$5,772,720
74$16,109,444$0$0$6,319,357
75$17,630,215$0$0$6,920,422
76$19,302,249$0$0$7,581,426
77$21,140,854$0$0$8,308,438
78$23,162,895$0$0$9,108,147
79$25,386,952$0$0$9,987,922
80$27,833,498$0$0$10,955,883
81$30,525,090$0$0$12,020,976
82$33,486,581$0$0$13,193,057
83$36,745,354$0$0$14,482,987
84$40,331,580$0$0$15,902,734
85$44,278,505$0$0$17,465,483
86$48,622,759$0$0$19,185,764
87$53,404,704$0$0$21,079,586
88$58,668,813$0$0$23,164,589
89$64,464,092$0$0$25,460,211
90$70,844,538$0$0$27,987,871
91$77,869,650$0$0$30,771,170
92$85,604,991$0$0$33,836,114
93$94,122,805$0$0$37,211,361
94$103,502,698$0$0$40,928,487
95$113,832,391$0$0$45,022,290
96$125,208,543$0$0$49,531,112
97$137,737,668$0$0$54,497,206
98$151,537,136$0$0$59,967,129
99$166,736,282$0$0$65,992,188
100$183,477,626$0$0$72,628,917