Can I retire at age 30 with 580,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%13.8%
1 years$47,896$47,469$47,053$46,647$46,250$45,521
2 years$23,711$23,269$22,841$22,426$22,024$21,292
3 years$15,650$15,207$14,780$14,369$13,973$13,260
4 years$11,621$11,179$10,756$10,352$9,966$9,277
5 years$9,204$8,764$8,347$7,951$7,576$6,914
6 years$7,593$7,157$6,746$6,359$5,994$5,360
7 years$6,443$6,010$5,606$5,228$4,875$4,268
8 years$5,580$5,152$4,754$4,385$4,044$3,465
9 years$4,910$4,486$4,095$3,735$3,406$2,854
10 years$4,374$3,954$3,570$3,220$2,902$2,377
11 years$3,936$3,520$3,143$2,802$2,496$1,997
12 years$3,571$3,159$2,789$2,458$2,163$1,690
13 years$3,263$2,855$2,492$2,170$1,886$1,438
14 years$2,998$2,595$2,239$1,926$1,653$1,230
15 years$2,770$2,371$2,022$1,718$1,456$1,055
16 years$2,570$2,175$1,833$1,538$1,287$909
17 years$2,393$2,003$1,668$1,382$1,141$785
18 years$2,237$1,851$1,522$1,246$1,014$679
19 years$2,097$1,715$1,394$1,125$904$589
20 years$1,971$1,594$1,279$1,019$808$512
21 years$1,858$1,485$1,177$925$723$446
22 years$1,754$1,386$1,084$841$648$388
23 years$1,660$1,296$1,001$766$581$339
24 years$1,574$1,215$926$699$523$296
25 years$1,495$1,140$858$638$470$258
26 years$1,422$1,071$795$583$424$226
27 years$1,355$1,008$739$534$382$198
28 years$1,293$950$687$489$345$173
29 years$1,235$896$639$449$311$151
30 years$1,181$846$595$412$281$133
31 years$1,130$800$555$378$254$116
32 years$1,083$757$518$348$230$102
33 years$1,039$717$483$320$208$89
34 years$997$680$452$294$188$78
35 years$958$645$422$271$171$69
36 years$921$612$395$249$155$60
37 years$886$581$370$230$140$53
38 years$854$552$346$212$127$47
39 years$822$525$324$195$115$41
40 years$793$500$304$180$104$36
41 years$765$476$285$166$95$32
42 years$738$453$267$153$86$28
43 years$713$431$251$142$78$24
44 years$689$411$236$131$71$21
45 years$666$392$221$121$64$19
46 years$644$374$208$111$58$16
47 years$624$357$195$103$53$14
48 years$604$341$183$95$48$13
49 years$585$326$172$88$44$11
50 years$566$311$162$81$40$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $580,000, adding $2,588 every year, while hoping to spend $24,192 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: 52/39/9 Blend
29$580,000$580,000$580,000$580,000
30$641,830$611,090$602,100$673,600
31$681,556$615,293$596,530$699,702
32$724,524$618,891$589,963$725,247
33$771,038$621,830$582,339$752,457
34$821,434$624,049$573,597$781,496
35$876,080$625,488$563,673$812,543
36$935,383$626,079$552,498$845,797
37$999,787$625,752$540,003$881,478
38$1,069,784$624,433$526,111$919,831
39$1,145,914$622,042$510,748$961,125
40$1,228,769$618,494$493,830$1,005,657
41$1,319,004$613,700$475,274$1,053,759
42$1,417,337$607,567$454,990$1,105,795
43$1,524,560$599,992$432,886$1,162,168
44$1,641,543$590,869$408,866$1,223,326
45$1,769,245$580,086$382,827$1,289,762
46$1,908,720$567,523$354,665$1,362,022
47$2,061,131$553,053$324,268$1,440,710
48$2,227,757$536,543$291,521$1,526,492
49$2,410,004$517,850$256,303$1,620,107
50$2,609,424$496,823$218,488$1,722,370
51$2,827,722$473,305$177,945$1,834,181
52$3,066,780$447,127$134,536$1,956,537
53$3,328,666$418,111$88,118$2,090,536
54$3,615,661$386,069$38,540$2,237,396
55$3,930,274$350,802$0$2,398,459
56$4,275,271$312,101$0$2,576,587
57$4,653,697$269,742$0$2,776,080
58$5,068,907$223,492$0$2,995,058
59$5,524,595$173,103$0$3,235,537
60$6,024,830$118,312$0$3,499,742
61$6,574,097$58,843$0$3,790,129
62$7,177,333$0$0$4,109,408
63$7,839,979$0$0$4,462,972
64$8,568,026$0$0$4,879,239
65$9,368,079$0$0$5,336,737
66$10,247,409$0$0$5,839,635
67$11,214,030$0$0$6,392,523
68$12,276,771$0$0$7,000,458
69$13,445,356$0$0$7,669,014
70$14,730,502$0$0$8,404,329
71$16,144,016$0$0$9,213,168
72$17,698,904$0$0$10,102,984
73$19,409,499$0$0$11,081,989
74$21,291,592$0$0$12,159,230
75$23,362,582$0$0$13,344,677
76$25,641,639$0$0$14,649,312
77$28,149,886$0$0$16,085,240
78$30,910,597$0$0$17,665,797
79$33,949,418$0$0$19,405,676
80$37,294,606$0$0$21,321,068
81$40,977,297$0$0$23,429,815
82$45,031,800$0$0$25,751,575
83$49,495,918$0$0$28,308,010
84$54,411,309$0$0$31,122,989
85$59,823,875$0$0$34,222,814
86$65,784,194$0$0$37,636,468
87$72,348,002$0$0$41,395,886
88$79,576,714$0$0$45,536,261
89$87,538,005$0$0$50,096,372
90$96,306,448$0$0$55,118,948
91$105,964,219$0$0$60,651,079
92$116,601,869$0$0$66,744,653
93$128,319,183$0$0$73,456,847
94$141,226,116$0$0$80,850,667
95$155,443,835$0$0$88,995,547
96$171,105,860$0$0$97,967,994
97$188,359,325$0$0$107,852,320
98$207,366,364$0$0$118,741,433
99$228,305,644$0$0$130,737,713
100$251,374,050$0$0$143,953,980