Can I retire at age 30 with 584,000?

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 $584,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$48,226$47,797$47,377$46,968$46,569$46,353
2 years$23,874$23,430$22,999$22,581$22,176$21,958
3 years$15,758$15,312$14,882$14,468$14,069$13,856
4 years$11,701$11,256$10,830$10,423$10,034$9,828
5 years$9,267$8,825$8,405$8,006$7,628$7,428
6 years$7,645$7,206$6,792$6,403$6,036$5,843
7 years$6,487$6,052$5,644$5,264$4,909$4,723
8 years$5,619$5,187$4,787$4,416$4,072$3,894
9 years$4,944$4,516$4,123$3,761$3,429$3,259
10 years$4,404$3,981$3,594$3,242$2,922$2,759
11 years$3,963$3,544$3,164$2,822$2,513$2,357
12 years$3,596$3,181$2,808$2,475$2,178$2,029
13 years$3,285$2,875$2,509$2,185$1,899$1,757
14 years$3,019$2,613$2,254$1,940$1,665$1,529
15 years$2,789$2,387$2,035$1,730$1,466$1,337
16 years$2,587$2,190$1,845$1,549$1,295$1,173
17 years$2,410$2,017$1,679$1,392$1,149$1,032
18 years$2,252$1,864$1,533$1,254$1,021$911
19 years$2,111$1,727$1,403$1,133$910$805
20 years$1,985$1,605$1,288$1,026$813$714
21 years$1,870$1,495$1,185$931$728$634
22 years$1,767$1,396$1,092$847$652$563
23 years$1,672$1,305$1,008$771$585$502
24 years$1,585$1,223$932$703$526$447
25 years$1,506$1,148$864$642$474$399
26 years$1,432$1,079$801$587$427$356
27 years$1,364$1,015$744$538$385$319
28 years$1,302$957$691$493$347$285
29 years$1,243$902$643$452$313$255
30 years$1,189$852$599$415$283$228
31 years$1,138$806$559$381$256$205
32 years$1,090$762$521$350$232$184
33 years$1,046$722$487$322$210$165
34 years$1,004$684$455$296$190$148
35 years$965$649$425$273$172$133
36 years$928$616$398$251$156$119
37 years$893$585$372$231$141$107
38 years$859$556$349$213$128$96
39 years$828$529$327$197$116$86
40 years$798$503$306$181$105$78
41 years$770$479$287$167$95$70
42 years$744$456$269$154$87$63
43 years$718$434$253$143$79$56
44 years$694$414$237$132$71$51
45 years$671$395$223$122$65$46
46 years$649$377$209$112$59$41
47 years$628$360$197$104$53$37
48 years$608$343$185$96$49$33
49 years$589$328$174$89$44$30
50 years$570$313$163$82$40$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $584,000, adding $6,802 every year, while hoping to spend $25,663 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: 59/36/5 Blend
29$584,000$584,000$584,000$584,000
30$650,584$619,632$610,580$687,989
31$689,639$622,689$603,729$716,910
32$731,816$625,035$595,789$744,877
33$777,409$626,610$586,695$774,716
34$826,737$627,346$576,382$806,606
35$880,153$627,174$564,779$840,746
36$938,043$626,020$551,814$877,357
37$1,000,833$623,805$537,410$916,681
38$1,068,993$620,446$521,487$958,988
39$1,143,035$615,853$503,962$1,004,574
40$1,223,528$609,933$484,748$1,053,768
41$1,311,094$602,586$463,754$1,106,932
42$1,406,419$593,706$440,883$1,164,468
43$1,510,257$583,181$416,036$1,226,819
44$1,623,439$570,893$389,108$1,294,475
45$1,746,878$556,715$359,992$1,367,976
46$1,881,580$540,514$328,572$1,447,921
47$2,028,652$522,150$294,730$1,534,969
48$2,189,313$501,474$258,342$1,629,851
49$2,364,903$478,327$219,277$1,733,373
50$2,556,901$452,543$177,401$1,846,424
51$2,766,933$423,945$132,571$1,969,989
52$2,996,788$392,346$84,640$2,105,154
53$3,248,438$357,549$33,454$2,253,118
54$3,524,055$319,345$0$2,415,205
55$3,826,030$277,514$0$2,594,008
56$4,156,996$231,823$0$2,791,991
57$4,519,853$182,026$0$3,009,159
58$4,917,794$127,862$0$3,247,492
59$5,354,339$69,056$0$3,509,173
60$5,833,361$5,320$0$3,796,611
61$6,359,129$0$0$4,112,466
62$6,936,345$0$0$4,484,890
63$7,570,187$0$0$4,896,215
64$8,266,361$0$0$5,348,041
65$9,031,151$0$0$5,844,455
66$9,871,480$0$0$6,389,957
67$10,794,976$0$0$6,989,505
68$11,810,042$0$0$7,648,561
69$12,925,935$0$0$8,373,145
70$14,152,855$0$0$9,169,885
71$15,502,036$0$0$10,046,088
72$16,985,861$0$0$11,009,800
73$18,617,968$0$0$12,069,891
74$20,413,385$0$0$13,236,128
75$22,388,672$0$0$14,519,278
76$24,562,071$0$0$15,931,201
77$26,953,684$0$0$17,484,965
78$29,585,659$0$0$19,194,970
79$32,482,401$0$0$21,077,081
80$35,670,799$0$0$23,148,780
81$39,180,482$0$0$25,429,330
82$43,044,097$0$0$27,939,957
83$47,297,619$0$0$30,704,049
84$51,980,685$0$0$33,747,375
85$57,136,973$0$0$37,098,334
86$62,814,611$0$0$40,788,215
87$69,066,633$0$0$44,851,498
88$75,951,477$0$0$49,326,177
89$83,533,536$0$0$54,254,117
90$91,883,768$0$0$59,681,453
91$101,080,363$0$0$65,659,020
92$111,209,481$0$0$72,242,835
93$122,366,064$0$0$79,494,627
94$134,654,736$0$0$87,482,417
95$148,190,783$0$0$96,281,161
96$163,101,246$0$0$105,973,457
97$179,526,120$0$0$116,650,322
98$197,619,670$0$0$128,412,056
99$217,551,891$0$0$141,369,184
100$239,510,112$0$0$155,643,501