Can I retire at age 30 with 583,000?

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 $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%18.6%
1 years$48,144$47,715$47,296$46,888$46,489$44,875
2 years$23,833$23,390$22,959$22,542$22,138$20,529
3 years$15,731$15,285$14,856$14,443$14,045$12,491
4 years$11,681$11,236$10,812$10,405$10,017$8,530
5 years$9,251$8,809$8,390$7,992$7,615$6,199
6 years$7,632$7,194$6,781$6,392$6,025$4,681
7 years$6,476$6,041$5,635$5,255$4,900$3,628
8 years$5,609$5,178$4,779$4,408$4,065$2,864
9 years$4,935$4,509$4,116$3,755$3,423$2,291
10 years$4,397$3,974$3,588$3,237$2,917$1,852
11 years$3,956$3,538$3,159$2,817$2,509$1,509
12 years$3,590$3,176$2,804$2,471$2,174$1,238
13 years$3,279$2,870$2,505$2,181$1,896$1,020
14 years$3,014$2,609$2,251$1,936$1,662$844
15 years$2,784$2,383$2,032$1,727$1,463$700
16 years$2,583$2,186$1,842$1,546$1,293$583
17 years$2,406$2,013$1,676$1,389$1,147$486
18 years$2,248$1,861$1,530$1,252$1,020$406
19 years$2,108$1,724$1,401$1,131$909$340
20 years$1,981$1,602$1,286$1,025$812$285
21 years$1,867$1,493$1,183$930$726$239
22 years$1,764$1,393$1,090$845$651$200
23 years$1,669$1,303$1,006$770$584$168
24 years$1,583$1,221$931$702$525$142
25 years$1,503$1,146$862$641$473$119
26 years$1,430$1,077$800$586$426$100
27 years$1,362$1,013$742$537$384$84
28 years$1,299$955$690$492$346$71
29 years$1,241$901$642$451$313$60
30 years$1,187$851$598$414$283$50
31 years$1,136$804$558$380$256$42
32 years$1,089$761$520$349$231$36
33 years$1,044$721$486$321$209$30
34 years$1,002$683$454$296$189$25
35 years$963$648$424$272$172$21
36 years$926$615$397$251$155$18
37 years$891$584$372$231$141$15
38 years$858$555$348$213$128$13
39 years$827$528$326$196$116$11
40 years$797$502$306$181$105$9
41 years$769$478$287$167$95$8
42 years$742$455$269$154$86$6
43 years$717$434$252$142$78$5
44 years$693$413$237$131$71$5
45 years$670$394$222$121$65$4
46 years$648$376$209$112$59$3
47 years$627$359$196$104$53$3
48 years$607$343$184$96$48$2
49 years$588$327$173$88$44$2
50 years$569$313$163$82$40$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $583,000, adding $6,216 every year, while hoping to spend $43,777 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: 78/15/7 Blend
29$583,000$583,000$583,000$583,000
30$648,878$617,979$608,942$698,470
31$668,485$601,681$582,763$715,595
32$688,625$583,118$554,240$728,053
33$709,305$562,132$523,248$740,420
34$730,535$538,556$489,657$752,667
35$752,319$512,215$453,330$764,763
36$774,664$482,922$414,125$776,672
37$797,575$450,481$371,894$788,359
38$821,055$414,682$326,480$799,781
39$845,108$375,306$277,722$810,895
40$869,733$332,121$225,450$821,653
41$894,931$284,880$169,488$832,003
42$920,698$233,323$109,650$841,889
43$947,030$177,176$45,744$851,249
44$973,918$116,150$0$860,016
45$1,001,354$49,937$0$869,797
46$1,029,323$0$0$882,591
47$1,057,809$0$0$898,505
48$1,086,790$0$0$923,078
49$1,116,241$0$0$948,044
50$1,146,132$0$0$973,377
51$1,176,428$0$0$999,047
52$1,207,085$0$0$1,025,015
53$1,238,055$0$0$1,051,241
54$1,269,281$0$0$1,077,674
55$1,300,698$0$0$1,104,258
56$1,332,231$0$0$1,130,929
57$1,363,795$0$0$1,157,612
58$1,395,291$0$0$1,184,224
59$1,426,611$0$0$1,210,669
60$1,457,629$0$0$1,236,840
61$1,488,204$0$0$1,262,614
62$1,518,177$0$0$1,287,856
63$1,547,371$0$0$1,312,410
64$1,575,583$0$0$1,336,105
65$1,602,591$0$0$1,358,746
66$1,628,141$0$0$1,380,116
67$1,651,953$0$0$1,399,974
68$1,673,713$0$0$1,418,049
69$1,693,071$0$0$1,434,039
70$1,709,635$0$0$1,447,607
71$1,722,970$0$0$1,458,379
72$1,732,592$0$0$1,465,937
73$1,737,964$0$0$1,469,819
74$1,738,485$0$0$1,469,509
75$1,733,492$0$0$1,464,436
76$1,722,247$0$0$1,453,963
77$1,703,931$0$0$1,437,387
78$1,677,635$0$0$1,413,927
79$1,642,355$0$0$1,382,716
80$1,596,975$0$0$1,342,796
81$1,540,259$0$0$1,293,104
82$1,470,841$0$0$1,232,463
83$1,387,207$0$0$1,159,572
84$1,287,682$0$0$1,072,991
85$1,170,413$0$0$971,125
86$1,033,351$0$0$852,212
87$874,231$0$0$714,305
88$690,548$0$0$555,248
89$479,535$0$0$372,663
90$238,133$0$0$163,918
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0