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%16.1%
1 years$48,391$47,960$47,540$47,129$46,728$45,562
2 years$23,956$23,510$23,078$22,658$22,252$21,084
3 years$15,812$15,364$14,933$14,517$14,117$12,985
4 years$11,741$11,294$10,867$10,459$10,069$8,980
5 years$9,299$8,855$8,433$8,033$7,654$6,612
6 years$7,671$7,231$6,815$6,424$6,056$5,062
7 years$6,509$6,072$5,664$5,282$4,925$3,979
8 years$5,638$5,205$4,803$4,431$4,086$3,188
9 years$4,961$4,532$4,137$3,774$3,441$2,590
10 years$4,419$3,995$3,607$3,253$2,932$2,126
11 years$3,977$3,556$3,175$2,831$2,522$1,761
12 years$3,608$3,192$2,818$2,483$2,185$1,468
13 years$3,296$2,885$2,518$2,193$1,906$1,230
14 years$3,029$2,622$2,262$1,946$1,670$1,035
15 years$2,798$2,395$2,042$1,736$1,471$875
16 years$2,596$2,198$1,852$1,554$1,300$741
17 years$2,418$2,024$1,685$1,396$1,153$630
18 years$2,260$1,870$1,538$1,258$1,025$536
19 years$2,119$1,733$1,408$1,137$913$457
20 years$1,992$1,611$1,292$1,030$816$390
21 years$1,877$1,500$1,189$935$730$334
22 years$1,773$1,400$1,096$850$654$286
23 years$1,678$1,310$1,012$774$587$245
24 years$1,591$1,227$936$706$528$210
25 years$1,511$1,152$866$645$475$180
26 years$1,437$1,082$804$589$428$154
27 years$1,369$1,019$746$540$386$133
28 years$1,306$960$694$494$348$114
29 years$1,247$905$646$453$314$98
30 years$1,193$855$601$416$284$84
31 years$1,142$808$561$382$257$72
32 years$1,094$765$523$351$232$62
33 years$1,049$724$488$323$210$54
34 years$1,007$687$456$297$190$46
35 years$968$651$427$274$172$40
36 years$931$618$399$252$156$34
37 years$896$587$374$232$142$29
38 years$862$558$350$214$128$25
39 years$831$530$328$197$116$22
40 years$801$505$307$182$106$19
41 years$773$480$288$168$96$16
42 years$746$458$270$155$87$14
43 years$721$436$254$143$79$12
44 years$696$416$238$132$72$10
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$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $586,000, adding $3,934 every year, while hoping to spend $38,746 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: 32/42/26 Blend
29$586,000$586,000$586,000$586,000
30$649,830$618,772$609,689$665,353
31$674,887$607,866$588,888$666,599
32$701,202$595,128$566,092$664,221
33$728,861$580,425$541,192$660,889
34$757,959$563,621$514,077$656,546
35$788,600$544,568$484,628$651,133
36$820,897$523,111$452,723$644,586
37$854,972$499,087$418,232$636,843
38$890,957$472,321$381,021$627,839
39$929,000$442,630$340,951$617,505
40$969,259$409,819$297,874$605,775
41$1,011,908$373,685$251,637$592,576
42$1,057,136$334,009$202,080$577,838
43$1,105,151$290,562$149,037$561,488
44$1,156,179$243,103$92,332$543,453
45$1,210,469$191,374$31,785$523,658
46$1,268,292$135,106$0$502,028
47$1,329,944$74,013$0$487,599
48$1,395,752$7,794$0$481,189
49$1,466,073$0$0$473,958
50$1,541,297$0$0$495,414
51$1,621,852$0$0$522,305
52$1,708,210$0$0$551,195
53$1,800,885$0$0$582,264
54$1,900,444$0$0$615,709
55$2,007,508$0$0$651,749
56$2,122,758$0$0$690,621
57$2,246,945$0$0$732,589
58$2,380,890$0$0$777,940
59$2,525,497$0$0$826,992
60$2,681,760$0$0$880,094
61$2,850,769$0$0$937,626
62$3,033,725$0$0$1,000,012
63$3,231,945$0$0$1,067,714
64$3,446,881$0$0$1,141,241
65$3,680,126$0$0$1,221,153
66$3,933,434$0$0$1,308,067
67$4,208,735$0$0$1,402,660
68$4,508,151$0$0$1,505,678
69$4,834,016$0$0$1,617,943
70$5,188,899$0$0$1,740,357
71$5,575,627$0$0$1,873,915
72$5,997,312$0$0$2,019,711
73$6,457,377$0$0$2,178,950
74$6,959,592$0$0$2,352,959
75$7,508,104$0$0$2,543,196
76$8,107,482$0$0$2,751,270
77$8,762,753$0$0$2,978,951
78$9,479,454$0$0$3,228,187
79$10,263,679$0$0$3,501,125
80$11,122,141$0$0$3,800,128
81$12,062,230$0$0$4,127,798
82$13,092,086$0$0$4,487,003
83$14,220,672$0$0$4,880,899
84$15,457,859$0$0$5,312,964
85$16,814,519$0$0$5,787,026
86$18,302,628$0$0$6,307,306
87$19,935,374$0$0$6,878,449
88$21,727,285$0$0$7,505,574
89$23,694,364$0$0$8,194,321
90$25,854,238$0$0$8,950,899
91$28,226,326$0$0$9,782,152
92$30,832,017$0$0$10,695,618
93$33,694,878$0$0$11,699,603
94$36,840,866$0$0$12,803,253
95$40,298,583$0$0$14,016,651
96$44,099,535$0$0$15,350,900
97$48,278,435$0$0$16,818,236
98$52,873,526$0$0$18,432,139
99$57,926,943$0$0$20,207,460
100$63,485,109$0$0$22,160,565