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%14.1%
1 years$48,309$47,878$47,459$47,049$46,649$45,857
2 years$23,915$23,470$23,038$22,620$22,214$21,419
3 years$15,785$15,338$14,907$14,493$14,093$13,319
4 years$11,721$11,275$10,849$10,441$10,051$9,305
5 years$9,283$8,840$8,419$8,020$7,641$6,924
6 years$7,658$7,218$6,804$6,413$6,046$5,359
7 years$6,498$6,062$5,654$5,273$4,917$4,260
8 years$5,628$5,196$4,795$4,423$4,079$3,453
9 years$4,952$4,524$4,130$3,768$3,435$2,839
10 years$4,412$3,988$3,601$3,248$2,927$2,360
11 years$3,970$3,550$3,170$2,827$2,517$1,979
12 years$3,602$3,186$2,813$2,479$2,181$1,671
13 years$3,291$2,880$2,513$2,189$1,902$1,419
14 years$3,024$2,617$2,258$1,943$1,668$1,211
15 years$2,793$2,391$2,039$1,733$1,468$1,037
16 years$2,592$2,194$1,849$1,552$1,298$892
17 years$2,414$2,020$1,682$1,394$1,151$768
18 years$2,256$1,867$1,536$1,256$1,023$664
19 years$2,115$1,730$1,406$1,135$912$574
20 years$1,988$1,608$1,290$1,028$814$498
21 years$1,874$1,498$1,187$933$729$432
22 years$1,770$1,398$1,094$848$653$376
23 years$1,675$1,308$1,010$773$586$327
24 years$1,588$1,225$934$705$527$285
25 years$1,508$1,150$865$644$474$248
26 years$1,435$1,080$802$588$427$217
27 years$1,367$1,017$745$539$385$189
28 years$1,304$958$693$493$348$165
29 years$1,245$904$644$453$314$144
30 years$1,191$854$600$415$284$126
31 years$1,140$807$560$381$256$110
32 years$1,092$764$522$351$232$96
33 years$1,048$723$488$322$210$84
34 years$1,006$685$456$297$190$74
35 years$966$650$426$273$172$65
36 years$929$617$398$251$156$57
37 years$894$586$373$232$141$49
38 years$861$557$349$214$128$43
39 years$830$530$327$197$116$38
40 years$800$504$307$182$105$33
41 years$772$480$288$168$96$29
42 years$745$457$270$155$87$25
43 years$719$435$253$143$79$22
44 years$695$415$238$132$71$20
45 years$672$396$223$122$65$17
46 years$650$377$210$112$59$15
47 years$629$360$197$104$53$13
48 years$609$344$185$96$49$12
49 years$590$328$174$89$44$10
50 years$571$314$163$82$40$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $585,000, adding $6,108 every year, while hoping to spend $47,760 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: 78/10/12 Blend
29$585,000$585,000$585,000$585,000
30$650,970$619,965$610,898$699,789
31$666,553$599,527$580,547$712,328
32$682,125$576,487$547,578$719,349
33$697,633$550,667$511,854$725,687
34$713,020$521,878$473,230$731,253
35$728,220$489,922$431,555$735,954
36$743,159$454,588$386,672$739,681
37$757,752$415,654$338,416$742,321
38$771,905$372,883$286,615$743,746
39$785,513$326,028$231,090$743,818
40$798,457$274,826$171,654$742,384
41$810,606$218,999$108,111$739,276
42$821,811$158,253$40,256$734,313
43$831,908$92,279$0$727,294
44$840,711$20,750$0$722,116
45$848,018$0$0$720,189
46$853,598$0$0$722,355
47$857,199$0$0$725,092
48$858,538$0$0$725,874
49$857,302$0$0$724,430
50$853,142$0$0$720,461
51$845,672$0$0$713,635
52$834,463$0$0$703,583
53$819,042$0$0$689,896
54$798,880$0$0$672,121
55$773,395$0$0$649,757
56$741,941$0$0$622,247
57$703,804$0$0$588,977
58$658,191$0$0$549,266
59$604,227$0$0$502,362
60$540,944$0$0$447,431
61$467,272$0$0$383,553
62$382,026$0$0$309,709
63$283,899$0$0$224,775
64$171,444$0$0$127,507
65$43,065$0$0$16,531
66$0$0$0$0
67$0$0$0$0
68$0$0$0$0
69$0$0$0$0
70$0$0$0$0
71$0$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
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