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%18.2%
1 years$48,722$48,288$47,864$47,451$47,047$45,487
2 years$24,120$23,670$23,235$22,813$22,404$20,846
3 years$15,920$15,469$15,035$14,616$14,214$12,709
4 years$11,821$11,371$10,941$10,530$10,137$8,696
5 years$9,362$8,915$8,491$8,088$7,706$6,333
6 years$7,724$7,280$6,862$6,468$6,098$4,793
7 years$6,554$6,114$5,702$5,318$4,959$3,723
8 years$5,677$5,241$4,836$4,461$4,114$2,946
9 years$4,995$4,563$4,165$3,800$3,465$2,363
10 years$4,450$4,022$3,631$3,276$2,952$1,915
11 years$4,004$3,580$3,197$2,851$2,539$1,564
12 years$3,633$3,214$2,837$2,500$2,200$1,286
13 years$3,319$2,904$2,535$2,208$1,919$1,063
14 years$3,050$2,640$2,278$1,960$1,682$882
15 years$2,817$2,412$2,056$1,748$1,481$734
16 years$2,614$2,213$1,864$1,565$1,309$612
17 years$2,435$2,038$1,697$1,406$1,160$512
18 years$2,275$1,883$1,549$1,267$1,032$429
19 years$2,133$1,745$1,418$1,145$920$360
20 years$2,005$1,622$1,301$1,037$821$303
21 years$1,890$1,510$1,197$941$735$255
22 years$1,785$1,410$1,103$856$659$215
23 years$1,689$1,319$1,018$779$591$181
24 years$1,602$1,236$942$711$532$152
25 years$1,521$1,159$872$649$478$129
26 years$1,447$1,090$809$593$431$109
27 years$1,378$1,026$751$543$389$92
28 years$1,315$966$698$498$351$77
29 years$1,256$912$650$456$317$65
30 years$1,201$861$605$419$286$55
31 years$1,150$814$564$385$259$47
32 years$1,102$770$527$354$234$39
33 years$1,057$729$492$325$212$33
34 years$1,014$691$459$299$192$28
35 years$975$656$430$275$174$24
36 years$937$622$402$254$157$20
37 years$902$591$376$234$143$17
38 years$868$562$352$215$129$14
39 years$837$534$330$199$117$12
40 years$807$508$309$183$106$10
41 years$778$484$290$169$96$9
42 years$751$461$272$156$88$7
43 years$725$439$255$144$79$6
44 years$701$418$240$133$72$5
45 years$678$399$225$123$65$4
46 years$655$381$211$113$59$4
47 years$634$363$199$105$54$3
48 years$614$347$187$97$49$3
49 years$595$331$175$89$45$2
50 years$576$316$165$83$40$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $590,000, adding $5,179 every year, while hoping to spend $40,143 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: 82/13/5 Blend
29$590,000$590,000$590,000$590,000
30$655,522$624,252$615,107$708,781
31$679,674$612,129$593,001$732,216
32$704,943$598,066$568,810$752,006
33$731,402$581,926$542,420$772,478
34$759,129$563,564$513,714$793,676
35$788,206$542,825$482,570$815,650
36$818,727$519,547$448,860$838,453
37$850,790$493,558$412,450$862,145
38$884,502$464,674$373,199$886,790
39$919,982$432,703$330,961$912,462
40$957,356$397,442$285,584$939,239
41$996,764$358,674$236,909$967,210
42$1,038,357$316,172$184,768$996,473
43$1,082,299$269,694$128,988$1,027,134
44$1,128,772$218,988$69,388$1,059,313
45$1,177,972$163,783$5,777$1,093,141
46$1,230,113$103,796$0$1,128,763
47$1,285,430$38,727$0$1,169,654
48$1,344,179$0$0$1,213,221
49$1,406,641$0$0$1,263,905
50$1,473,124$0$0$1,323,754
51$1,543,962$0$0$1,387,533
52$1,619,524$0$0$1,455,572
53$1,700,212$0$0$1,528,237
54$1,786,469$0$0$1,605,926
55$1,878,778$0$0$1,689,076
56$1,977,671$0$0$1,778,166
57$2,083,730$0$0$1,873,723
58$2,197,593$0$0$1,976,324
59$2,319,962$0$0$2,086,602
60$2,451,606$0$0$2,205,252
61$2,593,370$0$0$2,333,037
62$2,746,183$0$0$2,470,797
63$2,911,065$0$0$2,619,451
64$3,089,134$0$0$2,780,012
65$3,281,622$0$0$2,953,591
66$3,489,883$0$0$3,141,411
67$3,715,402$0$0$3,344,815
68$3,959,814$0$0$3,565,281
69$4,224,919$0$0$3,804,431
70$4,512,692$0$0$4,064,053
71$4,825,308$0$0$4,346,111
72$5,165,159$0$0$4,652,765
73$5,534,876$0$0$4,986,394
74$5,937,355$0$0$5,349,613
75$6,375,781$0$0$5,745,301
76$6,853,661$0$0$6,176,624
77$7,374,852$0$0$6,647,070
78$7,943,601$0$0$7,160,475
79$8,564,582$0$0$7,721,062
80$9,242,942$0$0$8,333,480
81$9,984,346$0$0$9,002,849
82$10,795,028$0$0$9,734,804
83$11,681,858$0$0$10,535,548
84$12,652,394$0$0$11,411,913
85$13,714,964$0$0$12,371,422
86$14,878,734$0$0$13,422,360
87$16,153,802$0$0$14,573,848
88$17,551,285$0$0$15,835,934
89$19,083,431$0$0$17,219,682
90$20,763,725$0$0$18,737,280
91$22,607,024$0$0$20,402,151
92$24,629,690$0$0$22,229,079
93$26,849,745$0$0$24,234,349
94$29,287,042$0$0$26,435,902
95$31,963,450$0$0$28,853,496
96$34,903,059$0$0$31,508,901
97$38,132,407$0$0$34,426,096
98$41,680,730$0$0$37,631,499
99$45,580,235$0$0$41,154,212
100$49,866,403$0$0$45,026,297