Can I retire at age 30 with 580,000?

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 $580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$47,896$47,469$47,053$46,647$46,250$45,428
2 years$23,711$23,269$22,841$22,426$22,024$21,198
3 years$15,650$15,207$14,780$14,369$13,973$13,170
4 years$11,621$11,179$10,756$10,352$9,966$9,191
5 years$9,204$8,764$8,347$7,951$7,576$6,832
6 years$7,593$7,157$6,746$6,359$5,994$5,282
7 years$6,443$6,010$5,606$5,228$4,875$4,195
8 years$5,580$5,152$4,754$4,385$4,044$3,395
9 years$4,910$4,486$4,095$3,735$3,406$2,788
10 years$4,374$3,954$3,570$3,220$2,902$2,315
11 years$3,936$3,520$3,143$2,802$2,496$1,939
12 years$3,571$3,159$2,789$2,458$2,163$1,635
13 years$3,263$2,855$2,492$2,170$1,886$1,387
14 years$2,998$2,595$2,239$1,926$1,653$1,182
15 years$2,770$2,371$2,022$1,718$1,456$1,011
16 years$2,570$2,175$1,833$1,538$1,287$868
17 years$2,393$2,003$1,668$1,382$1,141$747
18 years$2,237$1,851$1,522$1,246$1,014$644
19 years$2,097$1,715$1,394$1,125$904$557
20 years$1,971$1,594$1,279$1,019$808$482
21 years$1,858$1,485$1,177$925$723$418
22 years$1,754$1,386$1,084$841$648$362
23 years$1,660$1,296$1,001$766$581$315
24 years$1,574$1,215$926$699$523$274
25 years$1,495$1,140$858$638$470$238
26 years$1,422$1,071$795$583$424$208
27 years$1,355$1,008$739$534$382$181
28 years$1,293$950$687$489$345$158
29 years$1,235$896$639$449$311$138
30 years$1,181$846$595$412$281$120
31 years$1,130$800$555$378$254$105
32 years$1,083$757$518$348$230$91
33 years$1,039$717$483$320$208$80
34 years$997$680$452$294$188$70
35 years$958$645$422$271$171$61
36 years$921$612$395$249$155$53
37 years$886$581$370$230$140$47
38 years$854$552$346$212$127$41
39 years$822$525$324$195$115$36
40 years$793$500$304$180$104$31
41 years$765$476$285$166$95$27
42 years$738$453$267$153$86$24
43 years$713$431$251$142$78$21
44 years$689$411$236$131$71$18
45 years$666$392$221$121$64$16
46 years$644$374$208$111$58$14
47 years$624$357$195$103$53$12
48 years$604$341$183$95$48$11
49 years$585$326$172$88$44$9
50 years$566$311$162$81$40$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $580,000, adding $2,450 every year, while hoping to spend $22,371 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: 43/32/25 Blend
29$580,000$580,000$580,000$580,000
30$641,687$610,947$601,957$664,512
31$683,337$617,081$598,320$687,155
32$728,485$622,766$593,812$709,343
33$777,464$627,955$588,378$732,944
34$830,642$632,602$581,966$758,099
35$888,421$636,653$574,515$784,969
36$951,245$640,054$565,966$813,729
37$1,019,601$642,745$556,255$844,575
38$1,094,027$644,666$545,316$877,722
39$1,175,112$645,749$533,079$913,410
40$1,263,507$645,925$519,470$951,905
41$1,359,927$645,117$504,415$993,501
42$1,465,160$643,248$487,833$1,038,524
43$1,580,071$640,233$469,641$1,087,335
44$1,705,616$635,981$449,751$1,140,333
45$1,842,845$630,400$428,073$1,197,962
46$1,992,913$623,388$404,512$1,260,710
47$2,157,094$614,838$378,967$1,329,120
48$2,336,790$604,637$351,335$1,403,791
49$2,533,545$592,667$321,507$1,485,386
50$2,749,058$578,799$289,369$1,574,640
51$2,985,203$562,901$254,803$1,672,363
52$3,244,039$544,829$217,685$1,779,454
53$3,527,839$524,434$177,886$1,896,903
54$3,839,104$501,555$135,270$2,025,809
55$4,180,587$476,026$89,696$2,167,383
56$4,555,323$447,668$41,017$2,322,966
57$4,966,654$416,291$0$2,494,038
58$5,418,261$381,699$0$2,685,152
59$5,914,200$343,678$0$2,907,065
60$6,458,939$302,008$0$3,150,867
61$7,057,397$256,454$0$3,418,810
62$7,714,997$206,765$0$3,713,379
63$8,437,712$152,681$0$4,037,316
64$9,232,120$93,925$0$4,393,645
65$10,105,471$30,202$0$4,785,704
66$11,065,753$0$0$5,217,172
67$12,121,762$0$0$5,705,770
68$13,283,195$0$0$6,254,921
69$14,560,732$0$0$6,859,052
70$15,966,141$0$0$7,523,737
71$17,512,389$0$0$8,255,120
72$19,213,762$0$0$9,059,968
73$21,086,000$0$0$9,945,740
74$23,146,448$0$0$10,920,653
75$25,414,218$0$0$11,993,761
76$27,910,364$0$0$13,175,041
77$30,658,091$0$0$14,475,486
78$33,682,962$0$0$15,907,209
79$37,013,150$0$0$17,483,557
80$40,679,695$0$0$19,219,238
81$44,716,800$0$0$21,130,457
82$49,162,154$0$0$23,235,073
83$54,057,288$0$0$25,552,763
84$59,447,965$0$0$28,105,210
85$65,384,611$0$0$30,916,308
86$71,922,793$0$0$34,012,385
87$79,123,742$0$0$37,422,455
88$87,054,929$0$0$41,178,487
89$95,790,705$0$0$45,315,711
90$105,413,000$0$0$49,872,947
91$116,012,095$0$0$54,892,976
92$127,687,478$0$0$60,422,937
93$140,548,778$0$0$66,514,776
94$154,716,801$0$0$73,225,737
95$170,324,672$0$0$80,618,899
96$187,519,089$0$0$88,763,774
97$206,461,707$0$0$97,736,962
98$227,330,666$0$0$107,622,872
99$250,322,270$0$0$118,514,522
100$275,652,839$0$0$130,514,415