Can I retire at age 30 with 590,000?

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 $590,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$48,722$48,288$47,864$47,451$47,047$46,022
2 years$24,120$23,670$23,235$22,813$22,404$21,376
3 years$15,920$15,469$15,035$14,616$14,214$13,216
4 years$11,821$11,371$10,941$10,530$10,137$9,177
5 years$9,362$8,915$8,491$8,088$7,706$6,785
6 years$7,724$7,280$6,862$6,468$6,098$5,218
7 years$6,554$6,114$5,702$5,318$4,959$4,120
8 years$5,677$5,241$4,836$4,461$4,114$3,316
9 years$4,995$4,563$4,165$3,800$3,465$2,707
10 years$4,450$4,022$3,631$3,276$2,952$2,234
11 years$4,004$3,580$3,197$2,851$2,539$1,859
12 years$3,633$3,214$2,837$2,500$2,200$1,558
13 years$3,319$2,904$2,535$2,208$1,919$1,313
14 years$3,050$2,640$2,278$1,960$1,682$1,111
15 years$2,817$2,412$2,056$1,748$1,481$944
16 years$2,614$2,213$1,864$1,565$1,309$804
17 years$2,435$2,038$1,697$1,406$1,160$687
18 years$2,275$1,883$1,549$1,267$1,032$588
19 years$2,133$1,745$1,418$1,145$920$505
20 years$2,005$1,622$1,301$1,037$821$434
21 years$1,890$1,510$1,197$941$735$373
22 years$1,785$1,410$1,103$856$659$321
23 years$1,689$1,319$1,018$779$591$277
24 years$1,602$1,236$942$711$532$239
25 years$1,521$1,159$872$649$478$206
26 years$1,447$1,090$809$593$431$178
27 years$1,378$1,026$751$543$389$154
28 years$1,315$966$698$498$351$133
29 years$1,256$912$650$456$317$115
30 years$1,201$861$605$419$286$100
31 years$1,150$814$564$385$259$86
32 years$1,102$770$527$354$234$75
33 years$1,057$729$492$325$212$65
34 years$1,014$691$459$299$192$56
35 years$975$656$430$275$174$49
36 years$937$622$402$254$157$42
37 years$902$591$376$234$143$36
38 years$868$562$352$215$129$32
39 years$837$534$330$199$117$27
40 years$807$508$309$183$106$24
41 years$778$484$290$169$96$21
42 years$751$461$272$156$88$18
43 years$725$439$255$144$79$15
44 years$701$418$240$133$72$13
45 years$678$399$225$123$65$12
46 years$655$381$211$113$59$10
47 years$634$363$199$105$54$9
48 years$614$347$187$97$49$8
49 years$595$331$175$89$45$7
50 years$576$316$165$83$40$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $590,000, adding $5,388 every year, while hoping to spend $34,876 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: 47/32/21 Blend
29$590,000$590,000$590,000$590,000
30$655,738$624,468$615,323$682,408
31$685,515$617,959$598,828$695,081
32$717,161$609,962$580,612$704,916
33$750,829$600,368$560,580$714,871
34$786,688$589,060$538,634$724,972
35$824,921$575,915$514,669$735,252
36$865,730$560,802$488,578$745,747
37$909,338$543,584$460,248$756,501
38$955,985$524,115$429,561$767,565
39$1,005,938$502,239$396,394$778,999
40$1,059,488$477,793$360,618$790,869
41$1,116,955$450,604$322,098$803,256
42$1,178,690$420,489$280,693$816,248
43$1,245,077$387,254$236,258$829,949
44$1,316,540$350,695$188,638$844,475
45$1,393,543$310,595$137,673$859,959
46$1,476,596$266,725$83,196$876,554
47$1,566,259$218,845$25,033$894,429
48$1,663,147$166,699$0$913,780
49$1,767,938$110,017$0$943,123
50$1,881,375$48,514$0$980,933
51$2,004,275$0$0$1,021,915
52$2,137,537$0$0$1,072,806
53$2,282,151$0$0$1,146,626
54$2,439,202$0$0$1,226,855
55$2,609,887$0$0$1,314,109
56$2,795,521$0$0$1,409,071
57$2,997,552$0$0$1,512,487
58$3,217,572$0$0$1,625,182
59$3,457,333$0$0$1,748,062
60$3,718,765$0$0$1,882,125
61$4,003,989$0$0$2,028,469
62$4,315,343$0$0$2,188,303
63$4,655,397$0$0$2,362,957
64$5,026,983$0$0$2,553,896
65$5,433,218$0$0$2,762,734
66$5,877,534$0$0$2,991,245
67$6,363,710$0$0$3,241,386
68$6,895,905$0$0$3,515,310
69$7,478,701$0$0$3,815,389
70$8,117,144$0$0$4,144,233
71$8,816,791$0$0$4,504,719
72$9,583,760$0$0$4,900,015
73$10,424,791$0$0$5,333,609
74$11,347,306$0$0$5,809,344
75$12,359,483$0$0$6,331,452
76$13,470,327$0$0$6,904,597
77$14,689,757$0$0$7,533,914
78$16,028,701$0$0$8,225,060
79$17,499,196$0$0$8,984,267
80$19,114,501$0$0$9,818,402
81$20,889,225$0$0$10,735,027
82$22,839,460$0$0$11,742,474
83$24,982,934$0$0$12,849,925
84$27,339,179$0$0$14,067,492
85$29,929,712$0$0$15,406,317
86$32,778,240$0$0$16,878,676
87$35,910,883$0$0$18,498,095
88$39,356,417$0$0$20,279,475
89$43,146,549$0$0$22,239,234
90$47,316,210$0$0$24,395,464
91$51,903,892$0$0$26,768,096
92$56,952,002$0$0$29,379,091
93$62,507,268$0$0$32,252,649
94$68,621,175$0$0$35,415,431
95$75,350,453$0$0$38,896,818
96$82,757,609$0$0$42,729,179
97$90,911,520$0$0$46,948,185
98$99,888,077$0$0$51,593,140
99$109,770,906$0$0$56,707,351
100$120,652,153$0$0$62,338,541