Can I retire at age 30 with 583,000?

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 $583,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$48,144$47,715$47,296$46,888$46,489$45,776
2 years$23,833$23,390$22,959$22,542$22,138$21,421
3 years$15,731$15,285$14,856$14,443$14,045$13,347
4 years$11,681$11,236$10,812$10,405$10,017$9,343
5 years$9,251$8,809$8,390$7,992$7,615$6,966
6 years$7,632$7,194$6,781$6,392$6,025$5,404
7 years$6,476$6,041$5,635$5,255$4,900$4,306
8 years$5,609$5,178$4,779$4,408$4,065$3,497
9 years$4,935$4,509$4,116$3,755$3,423$2,882
10 years$4,397$3,974$3,588$3,237$2,917$2,402
11 years$3,956$3,538$3,159$2,817$2,509$2,019
12 years$3,590$3,176$2,804$2,471$2,174$1,710
13 years$3,279$2,870$2,505$2,181$1,896$1,456
14 years$3,014$2,609$2,251$1,936$1,662$1,246
15 years$2,784$2,383$2,032$1,727$1,463$1,070
16 years$2,583$2,186$1,842$1,546$1,293$922
17 years$2,406$2,013$1,676$1,389$1,147$797
18 years$2,248$1,861$1,530$1,252$1,020$690
19 years$2,108$1,724$1,401$1,131$909$599
20 years$1,981$1,602$1,286$1,025$812$521
21 years$1,867$1,493$1,183$930$726$454
22 years$1,764$1,393$1,090$845$651$396
23 years$1,669$1,303$1,006$770$584$345
24 years$1,583$1,221$931$702$525$302
25 years$1,503$1,146$862$641$473$264
26 years$1,430$1,077$800$586$426$231
27 years$1,362$1,013$742$537$384$202
28 years$1,299$955$690$492$346$177
29 years$1,241$901$642$451$313$155
30 years$1,187$851$598$414$283$136
31 years$1,136$804$558$380$256$119
32 years$1,089$761$520$349$231$105
33 years$1,044$721$486$321$209$92
34 years$1,002$683$454$296$189$81
35 years$963$648$424$272$172$71
36 years$926$615$397$251$155$62
37 years$891$584$372$231$141$55
38 years$858$555$348$213$128$48
39 years$827$528$326$196$116$42
40 years$797$502$306$181$105$37
41 years$769$478$287$167$95$33
42 years$742$455$269$154$86$29
43 years$717$434$252$142$78$25
44 years$693$413$237$131$71$22
45 years$670$394$222$121$65$19
46 years$648$376$209$112$59$17
47 years$627$359$196$104$53$15
48 years$607$343$184$96$48$13
49 years$588$327$173$88$44$12
50 years$569$313$163$82$40$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $583,000, adding $4,802 every year, while hoping to spend $38,343 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: 83/8/9 Blend
29$583,000$583,000$583,000$583,000
30$647,419$616,520$607,484$699,958
31$672,659$605,933$587,038$724,445
32$699,189$593,542$564,622$745,703
33$727,099$579,218$540,129$767,872
34$756,488$562,825$513,449$791,021
35$787,465$544,219$484,465$815,226
36$820,147$523,246$453,054$840,570
37$854,661$499,744$419,091$867,145
38$891,148$473,543$382,442$895,053
39$929,760$444,462$342,969$924,404
40$970,663$412,308$300,526$955,321
41$1,014,040$376,880$254,963$987,940
42$1,060,088$337,964$206,120$1,022,411
43$1,109,027$295,333$153,835$1,058,897
44$1,161,092$248,749$97,933$1,097,581
45$1,216,544$197,959$38,235$1,138,662
46$1,275,669$142,696$0$1,182,362
47$1,338,779$82,680$0$1,231,371
48$1,406,215$17,611$0$1,287,588
49$1,478,352$0$0$1,347,655
50$1,555,601$0$0$1,416,570
51$1,638,413$0$0$1,492,117
52$1,727,282$0$0$1,573,198
53$1,822,751$0$0$1,660,309
54$1,925,415$0$0$1,753,995
55$2,035,929$0$0$1,854,854
56$2,155,009$0$0$1,963,541
57$2,283,446$0$0$2,080,779
58$2,422,105$0$0$2,207,359
59$2,571,938$0$0$2,344,152
60$2,733,991$0$0$2,492,114
61$2,909,415$0$0$2,652,298
62$3,099,474$0$0$2,825,859
63$3,305,558$0$0$3,014,069
64$3,529,195$0$0$3,218,325
65$3,772,067$0$0$3,440,165
66$4,036,023$0$0$3,681,280
67$4,323,098$0$0$3,943,531
68$4,635,529$0$0$4,228,965
69$4,975,780$0$0$4,539,833
70$5,346,560$0$0$4,878,615
71$5,750,853$0$0$5,248,037
72$6,191,940$0$0$5,651,103
73$6,673,434$0$0$6,091,115
74$7,199,314$0$0$6,571,713
75$7,773,956$0$0$7,096,899
76$8,402,182$0$0$7,671,083
77$9,089,299$0$0$8,299,118
78$9,841,149$0$0$8,986,349
79$10,664,167$0$0$9,738,659
80$11,565,439$0$0$10,562,531
81$12,552,766$0$0$11,465,098
82$13,634,742$0$0$12,454,221
83$14,820,830$0$0$13,538,555
84$16,121,452$0$0$14,727,631
85$17,548,087$0$0$16,031,950
86$19,113,380$0$0$17,463,076
87$20,831,258$0$0$19,033,746
88$22,717,061$0$0$20,757,992
89$24,787,689$0$0$22,651,270
90$27,061,755$0$0$24,730,604
91$29,559,765$0$0$27,014,751
92$32,304,311$0$0$29,524,373
93$35,320,279$0$0$32,282,230
94$38,635,084$0$0$35,313,400
95$42,278,932$0$0$38,645,507
96$46,285,098$0$0$42,308,990
97$50,690,246$0$0$46,337,379
98$55,534,767$0$0$50,767,619
99$60,863,164$0$0$55,640,415
100$66,724,469$0$0$61,000,612