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%11.2%
1 years$48,474$48,042$47,621$47,210$46,808$46,572
2 years$23,997$23,550$23,117$22,697$22,290$22,051
3 years$15,839$15,390$14,958$14,542$14,141$13,908
4 years$11,761$11,313$10,886$10,477$10,086$9,859
5 years$9,315$8,870$8,448$8,047$7,667$7,448
6 years$7,684$7,243$6,827$6,435$6,067$5,856
7 years$6,520$6,083$5,673$5,291$4,934$4,731
8 years$5,648$5,214$4,811$4,438$4,093$3,898
9 years$4,969$4,540$4,144$3,781$3,447$3,260
10 years$4,427$4,001$3,613$3,259$2,937$2,758
11 years$3,983$3,562$3,181$2,836$2,526$2,355
12 years$3,614$3,197$2,823$2,488$2,189$2,026
13 years$3,302$2,889$2,522$2,196$1,909$1,753
14 years$3,035$2,626$2,266$1,950$1,673$1,525
15 years$2,803$2,399$2,046$1,739$1,473$1,332
16 years$2,601$2,201$1,855$1,557$1,302$1,168
17 years$2,422$2,027$1,688$1,399$1,154$1,027
18 years$2,264$1,873$1,541$1,261$1,027$906
19 years$2,122$1,736$1,411$1,139$915$800
20 years$1,995$1,613$1,295$1,032$817$709
21 years$1,880$1,503$1,191$936$731$629
22 years$1,776$1,403$1,097$851$656$559
23 years$1,680$1,312$1,013$775$588$497
24 years$1,593$1,229$937$707$529$443
25 years$1,513$1,154$868$646$476$395
26 years$1,440$1,084$805$590$429$352
27 years$1,371$1,020$748$540$387$315
28 years$1,308$961$695$495$349$281
29 years$1,250$907$647$454$315$252
30 years$1,195$857$602$417$285$225
31 years$1,144$810$562$383$257$202
32 years$1,096$766$524$352$233$181
33 years$1,051$726$489$323$211$162
34 years$1,009$688$457$298$191$145
35 years$970$652$427$274$173$130
36 years$932$619$400$252$156$117
37 years$897$588$374$232$142$105
38 years$864$559$350$214$129$94
39 years$832$531$328$198$117$84
40 years$803$506$308$182$106$76
41 years$774$481$289$168$96$68
42 years$747$458$271$155$87$61
43 years$722$437$254$143$79$55
44 years$697$416$238$132$72$49
45 years$674$397$224$122$65$44
46 years$652$379$210$113$59$40
47 years$631$361$198$104$54$36
48 years$611$345$186$96$49$32
49 years$592$329$174$89$44$29
50 years$573$315$164$82$40$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $587,000, adding $4,133 every year, while hoping to spend $47,663 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: 68/16/16 Blend
29$587,000$587,000$587,000$587,000
30$651,137$620,026$610,928$692,672
31$666,840$599,694$580,681$700,564
32$682,547$576,769$547,823$703,185
33$698,209$551,072$512,217$704,857
34$713,768$522,417$473,718$705,481
35$729,161$490,604$432,176$704,952
36$744,316$455,424$387,435$703,154
37$759,151$416,655$339,329$699,963
38$773,575$374,061$287,687$695,243
39$787,486$327,396$232,330$688,845
40$800,768$276,397$173,072$680,608
41$813,293$220,788$109,717$670,358
42$824,918$160,275$42,061$657,905
43$835,481$94,550$0$643,041
44$844,804$23,287$0$630,686
45$852,687$0$0$623,447
46$858,908$0$0$623,391
47$863,220$0$0$625,985
48$865,348$0$0$626,922
49$864,986$0$0$625,973
50$861,796$0$0$622,882
51$855,401$0$0$617,368
52$845,383$0$0$609,117
53$831,279$0$0$597,780
54$812,576$0$0$582,973
55$788,706$0$0$564,268
56$759,038$0$0$541,193
57$722,875$0$0$513,225
58$679,446$0$0$479,784
59$627,896$0$0$440,229
60$567,281$0$0$393,853
61$496,557$0$0$339,871
62$414,568$0$0$277,416
63$320,039$0$0$205,533
64$211,557$0$0$123,161
65$87,566$0$0$29,132
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