Can I retire at age 30 with 586,000?

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 $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%
1 years$48,391$47,960$47,540$47,129$46,728$45,766
2 years$23,956$23,510$23,078$22,658$22,252$21,287
3 years$15,812$15,364$14,933$14,517$14,117$13,180
4 years$11,741$11,294$10,867$10,459$10,069$9,165
5 years$9,299$8,855$8,433$8,033$7,654$6,788
6 years$7,671$7,231$6,815$6,424$6,056$5,228
7 years$6,509$6,072$5,664$5,282$4,925$4,135
8 years$5,638$5,205$4,803$4,431$4,086$3,334
9 years$4,961$4,532$4,137$3,774$3,441$2,726
10 years$4,419$3,995$3,607$3,253$2,932$2,254
11 years$3,977$3,556$3,175$2,831$2,522$1,880
12 years$3,608$3,192$2,818$2,483$2,185$1,578
13 years$3,296$2,885$2,518$2,193$1,906$1,332
14 years$3,029$2,622$2,262$1,946$1,670$1,130
15 years$2,798$2,395$2,042$1,736$1,471$962
16 years$2,596$2,198$1,852$1,554$1,300$821
17 years$2,418$2,024$1,685$1,396$1,153$703
18 years$2,260$1,870$1,538$1,258$1,025$603
19 years$2,119$1,733$1,408$1,137$913$519
20 years$1,992$1,611$1,292$1,030$816$447
21 years$1,877$1,500$1,189$935$730$385
22 years$1,773$1,400$1,096$850$654$333
23 years$1,678$1,310$1,012$774$587$287
24 years$1,591$1,227$936$706$528$249
25 years$1,511$1,152$866$645$475$215
26 years$1,437$1,082$804$589$428$186
27 years$1,369$1,019$746$540$386$161
28 years$1,306$960$694$494$348$140
29 years$1,247$905$646$453$314$121
30 years$1,193$855$601$416$284$105
31 years$1,142$808$561$382$257$91
32 years$1,094$765$523$351$232$79
33 years$1,049$724$488$323$210$69
34 years$1,007$687$456$297$190$60
35 years$968$651$427$274$172$52
36 years$931$618$399$252$156$45
37 years$896$587$374$232$142$39
38 years$862$558$350$214$128$34
39 years$831$530$328$197$116$30
40 years$801$505$307$182$106$26
41 years$773$480$288$168$96$22
42 years$746$458$270$155$87$19
43 years$721$436$254$143$79$17
44 years$696$416$238$132$72$15
45 years$673$396$223$122$65$13
46 years$651$378$210$113$59$11
47 years$630$361$197$104$54$10
48 years$610$344$185$96$49$8
49 years$591$329$174$89$44$7
50 years$572$314$164$82$40$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $586,000, adding $6,873 every year, while hoping to spend $43,393 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: 45/25/30 Blend
29$586,000$586,000$586,000$586,000
30$652,861$621,803$612,720$676,312
31$673,284$606,102$587,077$678,004
32$694,334$588,177$559,120$675,173
33$716,032$567,873$528,726$671,287
34$738,396$545,027$495,766$666,272
35$761,444$519,466$460,107$660,051
36$785,197$491,005$421,606$652,541
37$809,674$459,452$380,117$643,657
38$834,897$424,601$335,487$633,307
39$860,885$386,235$287,554$621,394
40$887,660$344,125$236,152$607,819
41$915,243$298,029$181,105$592,472
42$943,657$247,691$122,231$575,243
43$972,923$192,841$59,339$556,012
44$1,003,064$133,194$0$534,653
45$1,034,104$68,447$0$513,525
46$1,066,064$0$0$510,430
47$1,098,968$0$0$506,750
48$1,132,840$0$0$522,343
49$1,167,702$0$0$538,389
50$1,203,579$0$0$554,899
51$1,240,493$0$0$571,883
52$1,278,469$0$0$589,352
53$1,317,528$0$0$607,316
54$1,357,695$0$0$625,784
55$1,398,990$0$0$644,766
56$1,441,436$0$0$664,272
57$1,485,054$0$0$684,310
58$1,529,863$0$0$704,888
59$1,575,882$0$0$726,016
60$1,623,130$0$0$747,699
61$1,671,622$0$0$769,944
62$1,721,373$0$0$792,756
63$1,772,394$0$0$816,140
64$1,824,696$0$0$840,099
65$1,878,286$0$0$864,634
66$1,933,167$0$0$889,745
67$1,989,340$0$0$915,431
68$2,046,801$0$0$941,686
69$2,105,541$0$0$968,506
70$2,165,546$0$0$995,880
71$2,226,797$0$0$1,023,797
72$2,289,267$0$0$1,052,241
73$2,352,922$0$0$1,081,193
74$2,417,720$0$0$1,110,629
75$2,483,608$0$0$1,140,521
76$2,550,524$0$0$1,170,835
77$2,618,394$0$0$1,201,531
78$2,687,129$0$0$1,232,564
79$2,756,628$0$0$1,263,879
80$2,826,771$0$0$1,295,414
81$2,897,421$0$0$1,327,098
82$2,968,420$0$0$1,358,850
83$3,039,589$0$0$1,390,577
84$3,110,721$0$0$1,422,174
85$3,181,582$0$0$1,453,520
86$3,251,910$0$0$1,484,483
87$3,321,403$0$0$1,514,908
88$3,389,725$0$0$1,544,625
89$3,456,497$0$0$1,573,443
90$3,521,291$0$0$1,601,144
91$3,583,630$0$0$1,627,489
92$3,642,977$0$0$1,652,205
93$3,698,733$0$0$1,674,993
94$3,750,227$0$0$1,695,514
95$3,796,712$0$0$1,713,392
96$3,837,352$0$0$1,728,210
97$3,871,220$0$0$1,739,501
98$3,897,280$0$0$1,746,746
99$3,914,380$0$0$1,749,370
100$3,921,241$0$0$1,746,732