Can I retire at age 30 with 587,000?

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 $587,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$48,474$48,042$47,621$47,210$46,808$45,995
2 years$23,997$23,550$23,117$22,697$22,290$21,473
3 years$15,839$15,390$14,958$14,542$14,141$13,347
4 years$11,761$11,313$10,886$10,477$10,086$9,319
5 years$9,315$8,870$8,448$8,047$7,667$6,931
6 years$7,684$7,243$6,827$6,435$6,067$5,362
7 years$6,520$6,083$5,673$5,291$4,934$4,260
8 years$5,648$5,214$4,811$4,438$4,093$3,450
9 years$4,969$4,540$4,144$3,781$3,447$2,835
10 years$4,427$4,001$3,613$3,259$2,937$2,356
11 years$3,983$3,562$3,181$2,836$2,526$1,974
12 years$3,614$3,197$2,823$2,488$2,189$1,666
13 years$3,302$2,889$2,522$2,196$1,909$1,414
14 years$3,035$2,626$2,266$1,950$1,673$1,206
15 years$2,803$2,399$2,046$1,739$1,473$1,032
16 years$2,601$2,201$1,855$1,557$1,302$886
17 years$2,422$2,027$1,688$1,399$1,154$763
18 years$2,264$1,873$1,541$1,261$1,027$659
19 years$2,122$1,736$1,411$1,139$915$570
20 years$1,995$1,613$1,295$1,032$817$494
21 years$1,880$1,503$1,191$936$731$428
22 years$1,776$1,403$1,097$851$656$372
23 years$1,680$1,312$1,013$775$588$323
24 years$1,593$1,229$937$707$529$281
25 years$1,513$1,154$868$646$476$245
26 years$1,440$1,084$805$590$429$214
27 years$1,371$1,020$748$540$387$186
28 years$1,308$961$695$495$349$163
29 years$1,250$907$647$454$315$142
30 years$1,195$857$602$417$285$124
31 years$1,144$810$562$383$257$108
32 years$1,096$766$524$352$233$95
33 years$1,051$726$489$323$211$83
34 years$1,009$688$457$298$191$72
35 years$970$652$427$274$173$63
36 years$932$619$400$252$156$55
37 years$897$588$374$232$142$48
38 years$864$559$350$214$129$42
39 years$832$531$328$198$117$37
40 years$803$506$308$182$106$32
41 years$774$481$289$168$96$28
42 years$747$458$271$155$87$25
43 years$722$437$254$143$79$22
44 years$697$416$238$132$72$19
45 years$674$397$224$122$65$17
46 years$652$379$210$113$59$15
47 years$631$361$198$104$54$13
48 years$611$345$186$96$49$11
49 years$592$329$174$89$44$10
50 years$573$315$164$82$40$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $587,000, adding $3,538 every year, while hoping to spend $36,453 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: 89/6/5 Blend
29$587,000$587,000$587,000$587,000
30$650,523$619,412$610,314$708,196
31$678,091$610,978$591,974$737,803
32$707,249$600,908$571,797$764,841
33$738,121$589,085$549,685$793,353
34$770,841$575,383$525,532$823,458
35$805,559$559,668$499,229$855,288
36$842,434$541,800$470,661$888,985
37$881,644$521,630$439,710$924,709
38$923,382$499,000$406,250$962,631
39$967,859$473,743$370,152$1,002,943
40$1,015,307$445,683$331,278$1,045,854
41$1,065,979$414,632$289,487$1,091,592
42$1,120,154$380,394$244,630$1,140,412
43$1,178,136$342,760$196,552$1,192,591
44$1,240,260$301,510$145,090$1,248,435
45$1,306,893$256,409$90,077$1,308,279
46$1,378,435$207,213$31,334$1,372,495
47$1,455,330$153,661$0$1,441,488
48$1,538,061$95,477$0$1,517,382
49$1,627,160$32,373$0$1,600,887
50$1,723,213$0$0$1,690,887
51$1,826,861$0$0$1,790,362
52$1,938,809$0$0$1,900,115
53$2,059,832$0$0$2,018,767
54$2,190,782$0$0$2,147,154
55$2,332,596$0$0$2,286,195
56$2,486,304$0$0$2,436,898
57$2,653,036$0$0$2,600,375
58$2,834,039$0$0$2,777,847
59$3,030,682$0$0$2,970,656
60$3,244,470$0$0$3,180,279
61$3,477,062$0$0$3,408,343
62$3,730,281$0$0$3,656,635
63$4,006,132$0$0$3,927,123
64$4,306,824$0$0$4,221,972
65$4,634,786$0$0$4,543,566
66$4,992,694$0$0$4,894,527
67$5,383,491$0$0$5,277,743
68$5,810,418$0$0$5,696,393
69$6,277,042$0$0$6,153,975
70$6,787,292$0$0$6,654,341
71$7,345,491$0$0$7,201,734
72$7,956,404$0$0$7,800,823
73$8,625,271$0$0$8,456,751
74$9,357,869$0$0$9,175,182
75$10,160,556$0$0$9,962,352
76$11,040,334$0$0$10,825,129
77$12,004,917$0$0$11,771,078
78$13,062,799$0$0$12,808,529
79$14,223,336$0$0$13,946,660
80$15,496,835$0$0$15,195,578
81$16,894,646$0$0$16,566,416
82$18,429,273$0$0$18,071,437
83$20,114,491$0$0$19,724,151
84$21,965,472$0$0$21,539,438
85$23,998,931$0$0$23,533,693
86$26,233,282$0$0$25,724,974
87$28,688,810$0$0$28,133,177
88$31,387,863$0$0$30,780,222
89$34,355,064$0$0$33,690,255
90$37,617,536$0$0$36,889,880
91$41,205,165$0$0$40,408,409
92$45,150,878$0$0$44,278,134
93$49,490,951$0$0$48,534,635
94$54,265,354$0$0$53,217,114
95$59,518,125$0$0$58,368,761
96$65,297,787$0$0$64,037,167
97$71,657,802$0$0$70,274,766
98$78,657,077$0$0$77,139,333
99$86,360,519$0$0$84,694,528
100$94,839,645$0$0$93,010,491