Can I retire at age 30 with 585,000?

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 $585,000?

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$48,309$47,878$47,459$47,049$46,649$45,484
2 years$23,915$23,470$23,038$22,620$22,214$21,048
3 years$15,785$15,338$14,907$14,493$14,093$12,962
4 years$11,721$11,275$10,849$10,441$10,051$8,964
5 years$9,283$8,840$8,419$8,020$7,641$6,601
6 years$7,658$7,218$6,804$6,413$6,046$5,054
7 years$6,498$6,062$5,654$5,273$4,917$3,973
8 years$5,628$5,196$4,795$4,423$4,079$3,182
9 years$4,952$4,524$4,130$3,768$3,435$2,585
10 years$4,412$3,988$3,601$3,248$2,927$2,123
11 years$3,970$3,550$3,170$2,827$2,517$1,758
12 years$3,602$3,186$2,813$2,479$2,181$1,465
13 years$3,291$2,880$2,513$2,189$1,902$1,228
14 years$3,024$2,617$2,258$1,943$1,668$1,034
15 years$2,793$2,391$2,039$1,733$1,468$873
16 years$2,592$2,194$1,849$1,552$1,298$740
17 years$2,414$2,020$1,682$1,394$1,151$628
18 years$2,256$1,867$1,536$1,256$1,023$535
19 years$2,115$1,730$1,406$1,135$912$456
20 years$1,988$1,608$1,290$1,028$814$390
21 years$1,874$1,498$1,187$933$729$333
22 years$1,770$1,398$1,094$848$653$285
23 years$1,675$1,308$1,010$773$586$244
24 years$1,588$1,225$934$705$527$209
25 years$1,508$1,150$865$644$474$180
26 years$1,435$1,080$802$588$427$154
27 years$1,367$1,017$745$539$385$132
28 years$1,304$958$693$493$348$114
29 years$1,245$904$644$453$314$98
30 years$1,191$854$600$415$284$84
31 years$1,140$807$560$381$256$72
32 years$1,092$764$522$351$232$62
33 years$1,048$723$488$322$210$54
34 years$1,006$685$456$297$190$46
35 years$966$650$426$273$172$40
36 years$929$617$398$251$156$34
37 years$894$586$373$232$141$29
38 years$861$557$349$214$128$25
39 years$830$530$327$197$116$22
40 years$800$504$307$182$105$19
41 years$772$480$288$168$96$16
42 years$745$457$270$155$87$14
43 years$719$435$253$143$79$12
44 years$695$415$238$132$71$10
45 years$672$396$223$122$65$9
46 years$650$377$210$112$59$8
47 years$629$360$197$104$53$7
48 years$609$344$185$96$49$6
49 years$590$328$174$89$44$5
50 years$571$314$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 $585,000, adding $6,664 every year, while hoping to spend $24,313 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: 78/7/15 Blend
29$585,000$585,000$585,000$585,000
30$651,544$620,539$611,471$699,796
31$692,133$625,076$606,087$737,064
32$736,046$629,022$599,707$774,183
33$783,599$632,319$592,273$814,221
34$835,135$634,912$583,723$857,460
35$891,033$636,737$573,992$904,212
36$951,710$637,729$563,013$954,820
37$1,017,625$637,818$550,714$1,009,662
38$1,089,281$636,930$537,022$1,069,153
39$1,167,235$634,986$521,858$1,133,754
40$1,252,094$631,902$505,143$1,203,971
41$1,344,533$627,590$486,790$1,280,360
42$1,445,289$621,956$466,711$1,363,537
43$1,555,176$614,899$444,813$1,454,180
44$1,675,089$606,314$421,000$1,553,034
45$1,806,014$596,089$395,169$1,660,924
46$1,949,035$584,105$367,215$1,778,756
47$2,105,347$570,237$337,026$1,907,532
48$2,276,264$554,350$304,489$2,048,352
49$2,463,234$536,304$269,480$2,202,433
50$2,667,851$515,950$231,875$2,371,115
51$2,891,870$493,130$191,541$2,555,873
52$3,137,224$467,677$148,340$2,758,337
53$3,406,040$439,413$102,130$2,980,299
54$3,700,664$408,152$52,759$3,223,739
55$4,023,677$373,696$71$3,490,836
56$4,377,922$335,837$0$3,783,994
57$4,766,530$294,353$0$4,114,850
58$5,192,951$249,011$0$4,477,933
59$5,660,984$199,565$0$4,876,479
60$6,174,815$145,755$0$5,314,066
61$6,739,054$87,304$0$5,794,637
62$7,358,779$23,924$0$6,322,535
63$8,039,584$0$0$6,902,547
64$8,787,634$0$0$7,543,389
65$9,609,717$0$0$8,249,700
66$10,513,313$0$0$9,026,066
67$11,506,663$0$0$9,879,571
68$12,598,846$0$0$10,818,019
69$13,799,865$0$0$11,850,006
70$15,120,740$0$0$12,985,005
71$16,573,612$0$0$14,233,453
72$18,171,860$0$0$15,606,847
73$19,930,223$0$0$17,117,857
74$21,864,941$0$0$18,780,443
75$23,993,909$0$0$20,609,984
76$26,336,841$0$0$22,623,427
77$28,915,463$0$0$24,839,445
78$31,753,710$0$0$27,278,612
79$34,877,958$0$0$29,963,599
80$38,317,269$0$0$32,919,386
81$42,103,664$0$0$36,173,497
82$46,272,430$0$0$39,756,261
83$50,862,447$0$0$43,701,100
84$55,916,558$0$0$48,044,837
85$61,481,972$0$0$52,828,052
86$67,610,708$0$0$58,095,458
87$74,360,089$0$0$63,896,326
88$81,793,280$0$0$70,284,950
89$89,979,882$0$0$77,321,155
90$98,996,595$0$0$85,070,869
91$108,927,932$0$0$93,606,736
92$119,867,028$0$0$103,008,809
93$131,916,507$0$0$113,365,301
94$145,189,459$0$0$124,773,416
95$159,810,502$0$0$137,340,273
96$175,916,961$0$0$151,183,908
97$193,660,161$0$0$166,434,393
98$213,206,856$0$0$183,235,065
99$234,740,806$0$0$201,743,872
100$258,464,504$0$0$222,134,872