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%18.1%
1 years$47,896$47,469$47,053$46,647$46,250$44,734
2 years$23,711$23,269$22,841$22,426$22,024$20,511
3 years$15,650$15,207$14,780$14,369$13,973$12,510
4 years$11,621$11,179$10,756$10,352$9,966$8,565
5 years$9,204$8,764$8,347$7,951$7,576$6,240
6 years$7,593$7,157$6,746$6,359$5,994$4,726
7 years$6,443$6,010$5,606$5,228$4,875$3,673
8 years$5,580$5,152$4,754$4,385$4,044$2,908
9 years$4,910$4,486$4,095$3,735$3,406$2,334
10 years$4,374$3,954$3,570$3,220$2,902$1,893
11 years$3,936$3,520$3,143$2,802$2,496$1,547
12 years$3,571$3,159$2,789$2,458$2,163$1,273
13 years$3,263$2,855$2,492$2,170$1,886$1,052
14 years$2,998$2,595$2,239$1,926$1,653$874
15 years$2,770$2,371$2,022$1,718$1,456$728
16 years$2,570$2,175$1,833$1,538$1,287$608
17 years$2,393$2,003$1,668$1,382$1,141$509
18 years$2,237$1,851$1,522$1,246$1,014$427
19 years$2,097$1,715$1,394$1,125$904$358
20 years$1,971$1,594$1,279$1,019$808$301
21 years$1,858$1,485$1,177$925$723$254
22 years$1,754$1,386$1,084$841$648$214
23 years$1,660$1,296$1,001$766$581$180
24 years$1,574$1,215$926$699$523$152
25 years$1,495$1,140$858$638$470$129
26 years$1,422$1,071$795$583$424$109
27 years$1,355$1,008$739$534$382$92
28 years$1,293$950$687$489$345$78
29 years$1,235$896$639$449$311$66
30 years$1,181$846$595$412$281$55
31 years$1,130$800$555$378$254$47
32 years$1,083$757$518$348$230$40
33 years$1,039$717$483$320$208$34
34 years$997$680$452$294$188$28
35 years$958$645$422$271$171$24
36 years$921$612$395$249$155$20
37 years$886$581$370$230$140$17
38 years$854$552$346$212$127$15
39 years$822$525$324$195$115$12
40 years$793$500$304$180$104$10
41 years$765$476$285$166$95$9
42 years$738$453$267$153$86$7
43 years$713$431$251$142$78$6
44 years$689$411$236$131$71$5
45 years$666$392$221$121$64$5
46 years$644$374$208$111$58$4
47 years$624$357$195$103$53$3
48 years$604$341$183$95$48$3
49 years$585$326$172$88$44$2
50 years$566$311$162$81$40$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $580,000, adding $3,401 every year, while hoping to spend $23,979 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: 64/21/15 Blend
29$580,000$580,000$580,000$580,000
30$642,668$611,928$602,938$681,250
31$682,707$616,399$597,623$711,989
32$726,026$620,286$591,326$742,486
33$772,934$623,533$583,990$775,214
34$823,772$626,085$575,552$810,392
35$878,914$627,880$565,950$848,260
36$938,770$628,853$555,116$889,084
37$1,003,793$628,935$542,981$933,156
38$1,074,480$628,054$529,471$980,799
39$1,151,379$626,130$514,510$1,032,372
40$1,235,091$623,082$498,018$1,088,268
41$1,326,280$618,823$479,911$1,148,921
42$1,425,674$613,259$460,102$1,214,814
43$1,534,076$606,291$438,498$1,286,475
44$1,652,369$597,817$415,005$1,364,489
45$1,781,525$587,724$389,522$1,449,503
46$1,922,614$575,896$361,944$1,542,230
47$2,076,814$562,209$332,163$1,643,456
48$2,245,423$546,531$300,065$1,754,049
49$2,429,869$528,723$265,529$1,874,968
50$2,631,723$508,638$228,432$2,007,269
51$2,852,718$486,121$188,643$2,152,120
52$3,094,760$461,005$146,028$2,310,809
53$3,359,948$433,117$100,443$2,484,755
54$3,650,596$402,273$51,741$2,675,527
55$3,969,250$368,278$0$2,884,853
56$4,318,714$330,925$0$3,114,679
57$4,702,079$289,996$0$3,375,913
58$5,122,748$245,262$0$3,662,613
59$5,584,467$196,479$0$3,977,370
60$6,091,367$143,391$0$4,323,039
61$6,647,995$85,725$0$4,702,768
62$7,259,362$23,197$0$5,120,026
63$7,930,985$0$0$5,578,640
64$8,668,946$0$0$6,093,110
65$9,479,943$0$0$6,664,430
66$10,371,355$0$0$7,292,445
67$11,351,311$0$0$7,982,887
68$12,428,767$0$0$8,742,072
69$13,613,593$0$0$9,576,960
70$14,916,659$0$0$10,495,217
71$16,349,944$0$0$11,505,290
72$17,926,645$0$0$12,616,487
73$19,661,304$0$0$13,839,062
74$21,569,941$0$0$15,184,314
75$23,670,209$0$0$16,664,693
76$25,981,559$0$0$18,293,915
77$28,525,422$0$0$20,087,094
78$31,325,412$0$0$22,060,884
79$34,407,548$0$0$24,233,636
80$37,800,501$0$0$26,625,568
81$41,535,862$0$0$29,258,961
82$45,648,440$0$0$32,158,363
83$50,176,593$0$0$35,350,827
84$55,162,586$0$0$38,866,160
85$60,652,991$0$0$42,737,207
86$66,699,128$0$0$47,000,162
87$73,357,546$0$0$51,694,908
88$80,690,559$0$0$56,865,390
89$88,766,832$0$0$62,560,036
90$97,662,028$0$0$68,832,208
91$107,459,524$0$0$75,740,710
92$118,251,199$0$0$83,350,340
93$130,138,294$0$0$91,732,500
94$143,232,376$0$0$100,965,873
95$157,656,383$0$0$111,137,166
96$173,545,790$0$0$122,341,923
97$191,049,882$0$0$134,685,431
98$210,333,169$0$0$148,283,713
99$231,576,930$0$0$163,264,621
100$254,980,933$0$0$179,769,045