Can I retire at age 30 with 586,000?

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 $586,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$48,391$47,960$47,540$47,129$46,728$45,599
2 years$23,956$23,510$23,078$22,658$22,252$21,120
3 years$15,812$15,364$14,933$14,517$14,117$13,020
4 years$11,741$11,294$10,867$10,459$10,069$9,013
5 years$9,299$8,855$8,433$8,033$7,654$6,644
6 years$7,671$7,231$6,815$6,424$6,056$5,092
7 years$6,509$6,072$5,664$5,282$4,925$4,007
8 years$5,638$5,205$4,803$4,431$4,086$3,214
9 years$4,961$4,532$4,137$3,774$3,441$2,614
10 years$4,419$3,995$3,607$3,253$2,932$2,149
11 years$3,977$3,556$3,175$2,831$2,522$1,782
12 years$3,608$3,192$2,818$2,483$2,185$1,487
13 years$3,296$2,885$2,518$2,193$1,906$1,248
14 years$3,029$2,622$2,262$1,946$1,670$1,052
15 years$2,798$2,395$2,042$1,736$1,471$890
16 years$2,596$2,198$1,852$1,554$1,300$755
17 years$2,418$2,024$1,685$1,396$1,153$642
18 years$2,260$1,870$1,538$1,258$1,025$548
19 years$2,119$1,733$1,408$1,137$913$468
20 years$1,992$1,611$1,292$1,030$816$400
21 years$1,877$1,500$1,189$935$730$342
22 years$1,773$1,400$1,096$850$654$294
23 years$1,678$1,310$1,012$774$587$252
24 years$1,591$1,227$936$706$528$216
25 years$1,511$1,152$866$645$475$186
26 years$1,437$1,082$804$589$428$160
27 years$1,369$1,019$746$540$386$137
28 years$1,306$960$694$494$348$118
29 years$1,247$905$646$453$314$102
30 years$1,193$855$601$416$284$88
31 years$1,142$808$561$382$257$76
32 years$1,094$765$523$351$232$65
33 years$1,049$724$488$323$210$56
34 years$1,007$687$456$297$190$48
35 years$968$651$427$274$172$42
36 years$931$618$399$252$156$36
37 years$896$587$374$232$142$31
38 years$862$558$350$214$128$27
39 years$831$530$328$197$116$23
40 years$801$505$307$182$106$20
41 years$773$480$288$168$96$17
42 years$746$458$270$155$87$15
43 years$721$436$254$143$79$13
44 years$696$416$238$132$72$11
45 years$673$396$223$122$65$9
46 years$651$378$210$113$59$8
47 years$630$361$197$104$54$7
48 years$610$344$185$96$49$6
49 years$591$329$174$89$44$5
50 years$572$314$164$82$40$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $586,000, adding $4,804 every year, while hoping to spend $46,642 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: 46/47/7 Blend
29$586,000$586,000$586,000$586,000
30$650,727$619,669$610,586$679,197
31$667,475$600,406$581,414$680,025
32$684,367$578,636$549,702$675,673
33$701,370$554,187$515,314$669,867
34$718,444$526,877$478,111$662,486
35$735,544$496,512$437,947$653,402
36$752,619$462,890$394,667$642,478
37$769,609$425,795$348,112$629,566
38$786,450$384,999$298,114$614,508
39$803,066$340,263$244,499$597,136
40$819,373$291,330$187,084$577,269
41$835,277$237,934$125,680$554,712
42$850,672$179,789$60,087$529,257
43$865,439$116,596$0$500,683
44$879,443$48,039$0$469,488
45$892,536$0$0$439,515
46$904,552$0$0$419,571
47$915,304$0$0$423,794
48$924,585$0$0$427,232
49$932,164$0$0$429,768
50$937,784$0$0$431,270
51$941,160$0$0$431,592
52$941,973$0$0$430,571
53$939,870$0$0$428,027
54$934,461$0$0$423,760
55$925,309$0$0$417,547
56$911,933$0$0$409,144
57$893,799$0$0$398,278
58$870,314$0$0$384,646
59$840,821$0$0$367,915
60$804,595$0$0$347,715
61$760,832$0$0$323,635
62$708,640$0$0$295,224
63$647,037$0$0$261,980
64$574,933$0$0$223,349
65$491,123$0$0$178,720
66$394,278$0$0$127,415
67$282,927$0$0$68,686
68$155,443$0$0$1,708
69$10,030$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