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%11.3%
1 years$47,896$47,469$47,053$46,647$46,250$45,997
2 years$23,711$23,269$22,841$22,426$22,024$21,769
3 years$15,650$15,207$14,780$14,369$13,973$13,723
4 years$11,621$11,179$10,756$10,352$9,966$9,723
5 years$9,204$8,764$8,347$7,951$7,576$7,342
6 years$7,593$7,157$6,746$6,359$5,994$5,769
7 years$6,443$6,010$5,606$5,228$4,875$4,658
8 years$5,580$5,152$4,754$4,385$4,044$3,836
9 years$4,910$4,486$4,095$3,735$3,406$3,207
10 years$4,374$3,954$3,570$3,220$2,902$2,711
11 years$3,936$3,520$3,143$2,802$2,496$2,313
12 years$3,571$3,159$2,789$2,458$2,163$1,989
13 years$3,263$2,855$2,492$2,170$1,886$1,720
14 years$2,998$2,595$2,239$1,926$1,653$1,495
15 years$2,770$2,371$2,022$1,718$1,456$1,305
16 years$2,570$2,175$1,833$1,538$1,287$1,144
17 years$2,393$2,003$1,668$1,382$1,141$1,005
18 years$2,237$1,851$1,522$1,246$1,014$886
19 years$2,097$1,715$1,394$1,125$904$782
20 years$1,971$1,594$1,279$1,019$808$692
21 years$1,858$1,485$1,177$925$723$614
22 years$1,754$1,386$1,084$841$648$545
23 years$1,660$1,296$1,001$766$581$484
24 years$1,574$1,215$926$699$523$431
25 years$1,495$1,140$858$638$470$384
26 years$1,422$1,071$795$583$424$342
27 years$1,355$1,008$739$534$382$306
28 years$1,293$950$687$489$345$273
29 years$1,235$896$639$449$311$244
30 years$1,181$846$595$412$281$218
31 years$1,130$800$555$378$254$195
32 years$1,083$757$518$348$230$175
33 years$1,039$717$483$320$208$156
34 years$997$680$452$294$188$140
35 years$958$645$422$271$171$126
36 years$921$612$395$249$155$113
37 years$886$581$370$230$140$101
38 years$854$552$346$212$127$90
39 years$822$525$324$195$115$81
40 years$793$500$304$180$104$73
41 years$765$476$285$166$95$65
42 years$738$453$267$153$86$59
43 years$713$431$251$142$78$53
44 years$689$411$236$131$71$47
45 years$666$392$221$121$64$42
46 years$644$374$208$111$58$38
47 years$624$357$195$103$53$34
48 years$604$341$183$95$48$31
49 years$585$326$172$88$44$28
50 years$566$311$162$81$40$25

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $580,000, adding $3,124 every year, while hoping to spend $46,952 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: 57/35/8 Blend
29$580,000$580,000$580,000$580,000
30$642,382$611,642$602,652$677,647
31$657,949$591,656$572,885$681,772
32$673,529$569,117$540,546$680,732
33$689,076$543,851$505,501$678,450
34$704,534$515,672$467,608$674,812
35$719,842$484,385$426,718$669,694
36$734,929$449,783$382,676$662,965
37$749,718$411,649$335,322$654,481
38$764,120$369,750$284,486$644,089
39$778,036$323,843$229,992$631,622
40$791,354$273,670$171,655$616,901
41$803,951$218,959$109,284$599,731
42$815,686$159,420$42,678$579,904
43$826,405$94,751$0$557,192
44$835,935$24,630$0$533,775
45$844,081$0$0$511,009
46$850,629$0$0$504,733
47$855,339$0$0$506,760
48$857,945$0$0$507,436
49$858,150$0$0$506,573
50$855,627$0$0$503,965
51$850,009$0$0$499,382
52$840,892$0$0$492,567
53$827,827$0$0$483,238
54$810,315$0$0$471,081
55$787,807$0$0$455,748
56$759,690$0$0$436,854
57$725,288$0$0$413,975
58$683,852$0$0$386,637
59$634,555$0$0$354,319
60$576,479$0$0$316,445
61$508,611$0$0$272,376
62$429,830$0$0$221,407
63$338,898$0$0$162,758
64$234,446$0$0$95,569
65$114,960$0$0$18,887
66$0$0$0$0
67$0$0$0$0
68$0$0$0$0
69$0$0$0$0
70$0$0$0$0
71$0$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0