Can I retire at age 30 with 582,000?

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 $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%16.1%
1 years$48,061$47,633$47,215$46,808$46,409$45,251
2 years$23,793$23,349$22,920$22,504$22,100$20,940
3 years$15,704$15,259$14,831$14,418$14,021$12,896
4 years$11,661$11,217$10,793$10,388$10,000$8,918
5 years$9,235$8,794$8,376$7,979$7,602$6,567
6 years$7,619$7,181$6,769$6,381$6,015$5,028
7 years$6,465$6,031$5,625$5,246$4,892$3,952
8 years$5,600$5,169$4,770$4,401$4,058$3,166
9 years$4,927$4,501$4,109$3,748$3,418$2,572
10 years$4,389$3,967$3,582$3,231$2,912$2,112
11 years$3,950$3,532$3,154$2,812$2,504$1,749
12 years$3,583$3,170$2,799$2,467$2,170$1,458
13 years$3,274$2,865$2,501$2,178$1,893$1,222
14 years$3,009$2,604$2,247$1,933$1,659$1,028
15 years$2,779$2,379$2,028$1,724$1,461$869
16 years$2,578$2,183$1,839$1,544$1,291$736
17 years$2,402$2,010$1,674$1,387$1,145$625
18 years$2,245$1,857$1,528$1,250$1,018$532
19 years$2,104$1,721$1,399$1,129$907$454
20 years$1,978$1,600$1,284$1,023$810$388
21 years$1,864$1,490$1,181$928$725$331
22 years$1,761$1,391$1,088$844$650$284
23 years$1,666$1,301$1,005$769$583$243
24 years$1,580$1,219$929$701$524$208
25 years$1,500$1,144$861$640$472$179
26 years$1,427$1,075$798$585$425$153
27 years$1,360$1,012$741$536$383$132
28 years$1,297$953$689$491$346$113
29 years$1,239$899$641$450$312$97
30 years$1,185$849$597$413$282$84
31 years$1,134$803$557$379$255$72
32 years$1,087$760$519$349$231$62
33 years$1,042$719$485$321$209$53
34 years$1,001$682$453$295$189$46
35 years$961$647$424$272$171$39
36 years$924$614$396$250$155$34
37 years$889$583$371$230$141$29
38 years$856$554$347$212$127$25
39 years$825$527$325$196$116$22
40 years$796$501$305$181$105$19
41 years$768$477$286$167$95$16
42 years$741$454$268$154$86$14
43 years$716$433$252$142$78$12
44 years$691$413$236$131$71$10
45 years$669$394$222$121$65$9
46 years$647$375$208$112$59$8
47 years$626$358$196$103$53$7
48 years$606$342$184$95$48$6
49 years$587$327$173$88$44$5
50 years$568$312$163$82$40$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $582,000, adding $4,096 every year, while hoping to spend $42,157 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: 33/50/17 Blend
29$582,000$582,000$582,000$582,000
30$645,589$614,743$605,722$663,360
31$666,584$600,011$581,159$662,087
32$688,308$583,144$554,360$656,522
33$710,791$563,993$525,206$649,624
34$734,063$542,400$493,572$641,300
35$758,158$518,198$459,328$631,451
36$783,112$491,211$422,337$619,974
37$808,961$461,252$382,456$606,759
38$835,744$428,123$339,538$591,691
39$863,504$391,615$293,427$574,648
40$892,285$351,507$243,960$555,503
41$922,133$307,567$190,968$534,119
42$953,099$259,546$134,274$510,356
43$985,237$207,185$73,693$484,063
44$1,018,602$150,208$9,033$455,083
45$1,053,256$88,325$0$423,250
46$1,089,264$21,229$0$399,268
47$1,126,695$0$0$374,532
48$1,165,622$0$0$375,532
49$1,206,127$0$0$388,738
50$1,248,294$0$0$402,501
51$1,292,215$0$0$416,853
52$1,337,988$0$0$431,827
53$1,385,721$0$0$447,461
54$1,435,526$0$0$463,794
55$1,487,529$0$0$480,871
56$1,541,861$0$0$498,737
57$1,598,668$0$0$517,442
58$1,658,104$0$0$537,043
59$1,720,338$0$0$557,598
60$1,785,553$0$0$579,172
61$1,853,946$0$0$601,834
62$1,925,734$0$0$625,660
63$2,001,148$0$0$650,734
64$2,080,443$0$0$677,144
65$2,163,893$0$0$704,990
66$2,251,800$0$0$734,377
67$2,344,490$0$0$765,423
68$2,442,319$0$0$798,253
69$2,545,676$0$0$833,007
70$2,654,983$0$0$869,836
71$2,770,703$0$0$908,905
72$2,893,342$0$0$950,396
73$3,023,451$0$0$994,504
74$3,161,633$0$0$1,041,448
75$3,308,548$0$0$1,091,463
76$3,464,917$0$0$1,144,809
77$3,631,532$0$0$1,201,770
78$3,809,257$0$0$1,262,657
79$3,999,040$0$0$1,327,811
80$4,201,920$0$0$1,397,607
81$4,419,036$0$0$1,472,453
82$4,651,636$0$0$1,552,801
83$4,901,089$0$0$1,639,145
84$5,168,899$0$0$1,732,026
85$5,456,714$0$0$1,832,041
86$5,766,345$0$0$1,939,842
87$6,099,779$0$0$2,056,149
88$6,459,200$0$0$2,181,750
89$6,847,004$0$0$2,317,512
90$7,265,827$0$0$2,464,388
91$7,718,563$0$0$2,623,426
92$8,208,395$0$0$2,795,778
93$8,738,819$0$0$2,982,710
94$9,313,682$0$0$3,185,614
95$9,937,211$0$0$3,406,022
96$10,614,056$0$0$3,645,620
97$11,349,331$0$0$3,906,260
98$12,148,663$0$0$4,189,982
99$13,018,240$0$0$4,499,031
100$13,964,872$0$0$4,835,875