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%13.4%
1 years$47,896$47,469$47,053$46,647$46,250$45,597
2 years$23,711$23,269$22,841$22,426$22,024$21,367
3 years$15,650$15,207$14,780$14,369$13,973$13,332
4 years$11,621$11,179$10,756$10,352$9,966$9,347
5 years$9,204$8,764$8,347$7,951$7,576$6,981
6 years$7,593$7,157$6,746$6,359$5,994$5,424
7 years$6,443$6,010$5,606$5,228$4,875$4,329
8 years$5,580$5,152$4,754$4,385$4,044$3,522
9 years$4,910$4,486$4,095$3,735$3,406$2,908
10 years$4,374$3,954$3,570$3,220$2,902$2,428
11 years$3,936$3,520$3,143$2,802$2,496$2,045
12 years$3,571$3,159$2,789$2,458$2,163$1,735
13 years$3,263$2,855$2,492$2,170$1,886$1,480
14 years$2,998$2,595$2,239$1,926$1,653$1,269
15 years$2,770$2,371$2,022$1,718$1,456$1,092
16 years$2,570$2,175$1,833$1,538$1,287$943
17 years$2,393$2,003$1,668$1,382$1,141$817
18 years$2,237$1,851$1,522$1,246$1,014$709
19 years$2,097$1,715$1,394$1,125$904$617
20 years$1,971$1,594$1,279$1,019$808$538
21 years$1,858$1,485$1,177$925$723$469
22 years$1,754$1,386$1,084$841$648$410
23 years$1,660$1,296$1,001$766$581$359
24 years$1,574$1,215$926$699$523$314
25 years$1,495$1,140$858$638$470$275
26 years$1,422$1,071$795$583$424$242
27 years$1,355$1,008$739$534$382$212
28 years$1,293$950$687$489$345$186
29 years$1,235$896$639$449$311$164
30 years$1,181$846$595$412$281$144
31 years$1,130$800$555$378$254$126
32 years$1,083$757$518$348$230$111
33 years$1,039$717$483$320$208$98
34 years$997$680$452$294$188$86
35 years$958$645$422$271$171$76
36 years$921$612$395$249$155$67
37 years$886$581$370$230$140$59
38 years$854$552$346$212$127$52
39 years$822$525$324$195$115$46
40 years$793$500$304$180$104$40
41 years$765$476$285$166$95$35
42 years$738$453$267$153$86$31
43 years$713$431$251$142$78$28
44 years$689$411$236$131$71$24
45 years$666$392$221$121$64$21
46 years$644$374$208$111$58$19
47 years$624$357$195$103$53$17
48 years$604$341$183$95$48$15
49 years$585$326$172$88$44$13
50 years$566$311$162$81$40$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $580,000, adding $2,230 every year, while hoping to spend $36,126 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: 56/19/25 Blend
29$580,000$580,000$580,000$580,000
30$641,460$610,720$601,730$672,881
31$668,451$602,208$583,450$686,165
32$696,985$592,067$563,347$696,649
33$727,180$580,181$541,322$707,317
34$759,166$566,424$517,271$718,196
35$793,087$550,664$491,085$729,322
36$829,096$532,762$462,651$740,732
37$867,365$512,568$431,850$752,471
38$908,078$489,926$398,559$764,591
39$951,440$464,670$362,649$777,151
40$997,674$436,625$323,984$790,219
41$1,047,022$405,606$282,423$803,871
42$1,099,753$371,415$237,819$818,197
43$1,156,159$333,846$190,017$833,295
44$1,216,562$292,679$138,858$849,279
45$1,281,314$247,683$84,172$866,277
46$1,350,801$198,613$25,785$884,433
47$1,425,449$145,210$0$903,911
48$1,505,721$87,203$0$934,637
49$1,592,131$24,301$0$975,048
50$1,685,237$0$0$1,018,544
51$1,785,658$0$0$1,074,600
52$1,894,071$0$0$1,140,641
53$2,011,219$0$0$1,212,047
54$2,137,921$0$0$1,289,320
55$2,275,076$0$0$1,373,015
56$2,423,672$0$0$1,463,740
57$2,584,795$0$0$1,562,166
58$2,759,641$0$0$1,669,029
59$2,949,524$0$0$1,785,138
60$3,155,890$0$0$1,911,386
61$3,380,329$0$0$2,048,752
62$3,624,590$0$0$2,198,315
63$3,890,600$0$0$2,361,263
64$4,180,475$0$0$2,538,900
65$4,496,549$0$0$2,732,666
66$4,841,387$0$0$2,944,141
67$5,217,813$0$0$3,175,069
68$5,628,937$0$0$3,427,365
69$6,078,181$0$0$3,703,142
70$6,569,313$0$0$4,004,723
71$7,106,482$0$0$4,334,667
72$7,694,256$0$0$4,695,791
73$8,337,665$0$0$5,091,198
74$9,042,247$0$0$5,524,305
75$9,814,102$0$0$5,998,872
76$10,659,946$0$0$6,519,046
77$11,587,179$0$0$7,089,387
78$12,603,946$0$0$7,714,924
79$13,719,222$0$0$8,401,192
80$14,942,892$0$0$9,154,289
81$16,285,841$0$0$9,980,930
82$17,760,062$0$0$10,888,516
83$19,378,766$0$0$11,885,196
84$21,156,503$0$0$12,979,948
85$23,109,304$0$0$14,182,662
86$25,254,829$0$0$15,504,233
87$27,612,531$0$0$16,956,666
88$30,203,842$0$0$18,553,183
89$33,052,374$0$0$20,308,354
90$36,184,140$0$0$22,238,228
91$39,627,800$0$0$24,360,490
92$43,414,929$0$0$26,694,622
93$47,580,315$0$0$29,262,091
94$52,162,289$0$0$32,086,547
95$57,203,080$0$0$35,194,049
96$62,749,219$0$0$38,613,309
97$68,851,974$0$0$42,375,961
98$75,567,834$0$0$46,516,862
99$82,959,040$0$0$51,074,420
100$91,094,173$0$0$56,090,953