Can I retire at age 30 with 582,000?

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 $582,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$48,061$47,633$47,215$46,808$46,409$45,792
2 years$23,793$23,349$22,920$22,504$22,100$21,478
3 years$15,704$15,259$14,831$14,418$14,021$13,415
4 years$11,661$11,217$10,793$10,388$10,000$9,414
5 years$9,235$8,794$8,376$7,979$7,602$7,038
6 years$7,619$7,181$6,769$6,381$6,015$5,474
7 years$6,465$6,031$5,625$5,246$4,892$4,374
8 years$5,600$5,169$4,770$4,401$4,058$3,563
9 years$4,927$4,501$4,109$3,748$3,418$2,945
10 years$4,389$3,967$3,582$3,231$2,912$2,462
11 years$3,950$3,532$3,154$2,812$2,504$2,076
12 years$3,583$3,170$2,799$2,467$2,170$1,764
13 years$3,274$2,865$2,501$2,178$1,893$1,507
14 years$3,009$2,604$2,247$1,933$1,659$1,293
15 years$2,779$2,379$2,028$1,724$1,461$1,115
16 years$2,578$2,183$1,839$1,544$1,291$964
17 years$2,402$2,010$1,674$1,387$1,145$836
18 years$2,245$1,857$1,528$1,250$1,018$727
19 years$2,104$1,721$1,399$1,129$907$633
20 years$1,978$1,600$1,284$1,023$810$553
21 years$1,864$1,490$1,181$928$725$483
22 years$1,761$1,391$1,088$844$650$423
23 years$1,666$1,301$1,005$769$583$370
24 years$1,580$1,219$929$701$524$325
25 years$1,500$1,144$861$640$472$285
26 years$1,427$1,075$798$585$425$251
27 years$1,360$1,012$741$536$383$220
28 years$1,297$953$689$491$346$194
29 years$1,239$899$641$450$312$171
30 years$1,185$849$597$413$282$150
31 years$1,134$803$557$379$255$132
32 years$1,087$760$519$349$231$117
33 years$1,042$719$485$321$209$103
34 years$1,001$682$453$295$189$91
35 years$961$647$424$272$171$80
36 years$924$614$396$250$155$70
37 years$889$583$371$230$141$62
38 years$856$554$347$212$127$55
39 years$825$527$325$196$116$48
40 years$796$501$305$181$105$43
41 years$768$477$286$167$95$38
42 years$741$454$268$154$86$33
43 years$716$433$252$142$78$29
44 years$691$413$236$131$71$26
45 years$669$394$222$121$65$23
46 years$647$375$208$112$59$20
47 years$626$358$196$103$53$18
48 years$606$342$184$95$48$16
49 years$587$327$173$88$44$14
50 years$568$312$163$82$40$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $582,000, adding $4,276 every year, while hoping to spend $41,352 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: 58/31/11 Blend
29$582,000$582,000$582,000$582,000
30$645,775$614,929$605,908$681,260
31$667,646$601,062$582,207$691,813
32$690,361$585,130$556,327$698,317
33$713,964$566,987$528,150$704,412
34$738,500$546,481$497,555$710,063
35$764,018$523,450$464,414$715,234
36$790,569$497,720$428,593$719,888
37$818,210$469,112$389,954$723,985
38$847,001$437,432$348,351$727,486
39$877,007$402,478$303,633$730,348
40$908,298$364,035$255,640$732,529
41$940,947$321,876$204,207$733,984
42$975,037$275,761$149,161$734,666
43$1,010,655$225,437$90,322$734,530
44$1,047,895$170,637$27,501$733,527
45$1,086,859$111,077$0$731,608
46$1,127,658$46,459$0$733,365
47$1,170,412$0$0$737,852
48$1,215,250$0$0$749,841
49$1,262,314$0$0$779,075
50$1,311,756$0$0$809,802
51$1,363,742$0$0$842,128
52$1,418,455$0$0$876,168
53$1,476,089$0$0$912,047
54$1,536,860$0$0$949,900
55$1,601,002$0$0$989,876
56$1,668,768$0$0$1,032,137
57$1,740,437$0$0$1,076,859
58$1,816,313$0$0$1,124,235
59$1,896,725$0$0$1,174,477
60$1,982,037$0$0$1,227,813
61$2,072,644$0$0$1,284,496
62$2,168,979$0$0$1,344,801
63$2,271,515$0$0$1,409,030
64$2,380,771$0$0$1,477,512
65$2,497,313$0$0$1,550,610
66$2,621,765$0$0$1,628,719
67$2,754,808$0$0$1,712,274
68$2,897,187$0$0$1,801,750
69$3,049,723$0$0$1,897,669
70$3,213,315$0$0$2,000,605
71$3,388,946$0$0$2,111,186
72$3,577,701$0$0$2,230,101
73$3,780,765$0$0$2,358,108
74$3,999,443$0$0$2,496,038
75$4,235,167$0$0$2,644,806
76$4,489,510$0$0$2,805,414
77$4,764,201$0$0$2,978,966
78$5,061,137$0$0$3,166,674
79$5,382,408$0$0$3,369,868
80$5,730,306$0$0$3,590,015
81$6,107,356$0$0$3,828,724
82$6,516,329$0$0$4,087,766
83$6,960,278$0$0$4,369,088
84$7,442,558$0$0$4,674,833
85$7,966,858$0$0$5,007,357
86$8,537,239$0$0$5,369,252
87$9,158,168$0$0$5,763,372
88$9,834,562$0$0$6,192,856
89$10,571,829$0$0$6,661,158
90$11,375,922$0$0$7,172,080
91$12,253,395$0$0$7,729,809
92$13,211,460$0$0$8,338,950
93$14,258,056$0$0$9,004,576
94$15,401,924$0$0$9,732,270
95$16,652,687$0$0$10,528,179
96$18,020,941$0$0$11,399,072
97$19,518,352$0$0$12,352,403
98$21,157,766$0$0$13,396,377
99$22,953,329$0$0$14,540,035
100$24,920,620$0$0$15,793,328