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%11.6%
1 years$47,813$47,387$46,972$46,566$46,170$45,860
2 years$23,670$23,229$22,802$22,388$21,986$21,673
3 years$15,623$15,180$14,754$14,344$13,949$13,643
4 years$11,601$11,159$10,737$10,334$9,948$9,652
5 years$9,188$8,749$8,333$7,938$7,563$7,276
6 years$7,580$7,144$6,734$6,348$5,984$5,709
7 years$6,431$6,000$5,596$5,219$4,867$4,602
8 years$5,571$5,143$4,746$4,378$4,037$3,783
9 years$4,902$4,478$4,088$3,729$3,400$3,157
10 years$4,367$3,947$3,564$3,214$2,897$2,664
11 years$3,929$3,514$3,137$2,798$2,491$2,269
12 years$3,565$3,154$2,784$2,454$2,159$1,947
13 years$3,257$2,850$2,488$2,166$1,883$1,681
14 years$2,993$2,591$2,235$1,923$1,650$1,458
15 years$2,765$2,367$2,018$1,715$1,453$1,270
16 years$2,565$2,171$1,830$1,536$1,284$1,111
17 years$2,389$2,000$1,665$1,380$1,139$974
18 years$2,233$1,848$1,520$1,243$1,013$857
19 years$2,093$1,713$1,391$1,124$902$755
20 years$1,968$1,591$1,277$1,018$806$667
21 years$1,854$1,482$1,175$924$721$590
22 years$1,751$1,384$1,082$840$647$522
23 years$1,658$1,294$999$765$580$463
24 years$1,572$1,212$924$697$522$411
25 years$1,493$1,138$856$637$469$366
26 years$1,420$1,069$794$582$423$325
27 years$1,353$1,006$737$533$381$290
28 years$1,290$948$685$488$344$258
29 years$1,233$895$638$448$311$230
30 years$1,179$845$594$411$281$205
31 years$1,128$799$554$378$254$183
32 years$1,081$756$517$347$230$164
33 years$1,037$716$483$319$208$146
34 years$995$678$451$294$188$131
35 years$956$643$422$270$170$117
36 years$920$611$394$249$154$104
37 years$885$580$369$229$140$93
38 years$852$551$346$211$127$83
39 years$821$524$324$195$115$75
40 years$792$499$304$180$104$67
41 years$764$475$285$166$95$60
42 years$737$452$267$153$86$53
43 years$712$431$251$141$78$48
44 years$688$411$235$130$71$43
45 years$665$392$221$120$64$38
46 years$643$374$207$111$58$34
47 years$622$356$195$103$53$31
48 years$603$340$183$95$48$28
49 years$584$325$172$88$44$25
50 years$565$310$162$81$40$22

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $579,000, adding $3,038 every year, while hoping to spend $23,163 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: 64/19/17 Blend
29$579,000$579,000$579,000$579,000
30$641,192$610,505$601,530$679,334
31$681,948$615,774$597,036$710,569
32$726,085$620,526$591,615$741,755
33$773,923$624,709$585,212$775,268
34$825,815$628,271$577,768$811,334
35$882,148$631,156$569,223$850,207
36$943,348$633,304$559,513$892,162
37$1,009,884$634,650$548,571$937,507
38$1,082,271$635,127$536,327$986,579
39$1,161,077$634,662$522,709$1,039,752
40$1,246,926$633,180$507,639$1,097,437
41$1,340,506$630,600$491,038$1,160,088
42$1,442,573$626,834$472,823$1,228,208
43$1,553,958$621,791$452,905$1,302,348
44$1,675,578$615,375$431,194$1,383,122
45$1,808,441$607,483$407,593$1,471,202
46$1,953,659$598,006$382,004$1,567,332
47$2,112,452$586,829$354,321$1,672,333
48$2,286,167$573,828$324,435$1,787,111
49$2,476,285$558,875$292,233$1,912,666
50$2,684,439$541,833$257,596$2,050,099
51$2,912,425$522,556$220,399$2,200,628
52$3,162,222$500,891$180,512$2,365,595
53$3,436,010$476,676$137,800$2,546,481
54$3,736,188$449,738$92,121$2,744,919
55$4,065,399$419,895$43,328$2,962,712
56$4,426,557$386,957$0$3,201,848
57$4,822,866$350,718$0$3,466,106
58$5,257,860$310,965$0$3,764,810
59$5,735,431$267,471$0$4,092,791
60$6,259,863$219,995$0$4,453,023
61$6,835,879$168,285$0$4,848,788
62$7,468,680$112,073$0$5,283,698
63$8,163,997$51,076$0$5,761,740
64$8,928,141$0$0$6,287,305
65$9,768,068$0$0$6,868,373
66$10,691,439$0$0$7,518,952
67$11,706,695$0$0$8,234,314
68$12,823,136$0$0$9,021,019
69$14,051,009$0$0$9,886,292
70$15,401,602$0$0$10,838,095
71$16,887,353$0$0$11,885,198
72$18,521,966$0$0$13,037,267
73$20,320,541$0$0$14,304,951
74$22,299,715$0$0$15,699,981
75$24,477,819$0$0$17,235,285
76$26,875,051$0$0$18,925,109
77$29,513,666$0$0$20,785,148
78$32,418,186$0$0$22,832,695
79$35,615,633$0$0$25,086,807
80$39,135,779$0$0$27,568,482
81$43,011,431$0$0$30,300,856
82$47,278,740$0$0$33,309,425
83$51,977,539$0$0$36,622,281
84$57,151,720$0$0$40,270,380
85$62,849,652$0$0$44,287,834
86$69,124,628$0$0$48,712,228
87$76,035,378$0$0$53,584,982
88$83,646,616$0$0$58,951,736
89$92,029,652$0$0$64,862,784
90$101,263,067$0$0$71,373,544
91$111,433,452$0$0$78,545,087
92$122,636,225$0$0$86,444,708
93$134,976,532$0$0$95,146,562
94$148,570,240$0$0$104,732,368
95$163,545,029$0$0$115,292,172
96$180,041,595$0$0$126,925,205
97$198,214,984$0$0$139,740,815
98$218,236,045$0$0$153,859,498
99$240,293,054$0$0$169,414,037
100$264,593,481$0$0$186,550,757