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%13.6%
1 years$48,722$48,288$47,864$47,451$47,047$46,344
2 years$24,120$23,670$23,235$22,813$22,404$21,697
3 years$15,920$15,469$15,035$14,616$14,214$13,525
4 years$11,821$11,371$10,941$10,530$10,137$9,473
5 years$9,362$8,915$8,491$8,088$7,706$7,067
6 years$7,724$7,280$6,862$6,468$6,098$5,485
7 years$6,554$6,114$5,702$5,318$4,959$4,373
8 years$5,677$5,241$4,836$4,461$4,114$3,554
9 years$4,995$4,563$4,165$3,800$3,465$2,931
10 years$4,450$4,022$3,631$3,276$2,952$2,444
11 years$4,004$3,580$3,197$2,851$2,539$2,056
12 years$3,633$3,214$2,837$2,500$2,200$1,742
13 years$3,319$2,904$2,535$2,208$1,919$1,484
14 years$3,050$2,640$2,278$1,960$1,682$1,271
15 years$2,817$2,412$2,056$1,748$1,481$1,092
16 years$2,614$2,213$1,864$1,565$1,309$942
17 years$2,435$2,038$1,697$1,406$1,160$814
18 years$2,275$1,883$1,549$1,267$1,032$706
19 years$2,133$1,745$1,418$1,145$920$613
20 years$2,005$1,622$1,301$1,037$821$534
21 years$1,890$1,510$1,197$941$735$465
22 years$1,785$1,410$1,103$856$659$406
23 years$1,689$1,319$1,018$779$591$354
24 years$1,602$1,236$942$711$532$310
25 years$1,521$1,159$872$649$478$271
26 years$1,447$1,090$809$593$431$238
27 years$1,378$1,026$751$543$389$208
28 years$1,315$966$698$498$351$183
29 years$1,256$912$650$456$317$160
30 years$1,201$861$605$419$286$141
31 years$1,150$814$564$385$259$123
32 years$1,102$770$527$354$234$108
33 years$1,057$729$492$325$212$95
34 years$1,014$691$459$299$192$84
35 years$975$656$430$275$174$74
36 years$937$622$402$254$157$65
37 years$902$591$376$234$143$57
38 years$868$562$352$215$129$50
39 years$837$534$330$199$117$44
40 years$807$508$309$183$106$39
41 years$778$484$290$169$96$34
42 years$751$461$272$156$88$30
43 years$725$439$255$144$79$26
44 years$701$418$240$133$72$23
45 years$678$399$225$123$65$20
46 years$655$381$211$113$59$18
47 years$634$363$199$105$54$16
48 years$614$347$187$97$49$14
49 years$595$331$175$89$45$12
50 years$576$316$165$83$40$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $590,000, adding $3,071 every year, while hoping to spend $33,468 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: 68/14/18 Blend
29$590,000$590,000$590,000$590,000
30$653,348$622,078$612,933$694,714
31$684,380$616,950$597,856$717,600
32$717,455$610,449$581,153$738,416
33$752,747$602,473$562,733$760,359
34$790,445$592,912$542,503$783,539
35$830,757$581,651$520,364$808,077
36$873,912$568,570$496,213$834,105
37$920,158$553,537$469,943$861,774
38$969,770$536,416$441,443$891,246
39$1,023,049$517,063$410,594$922,705
40$1,080,325$495,324$377,273$956,352
41$1,141,961$471,037$341,354$992,412
42$1,208,353$444,030$302,702$1,031,133
43$1,279,940$414,122$261,177$1,072,790
44$1,357,201$381,122$216,634$1,117,687
45$1,440,664$344,825$168,919$1,166,162
46$1,530,908$305,018$117,875$1,218,589
47$1,628,572$261,475$63,335$1,275,380
48$1,734,355$213,956$5,125$1,336,993
49$1,849,027$162,207$0$1,403,935
50$1,973,435$105,963$0$1,487,713
51$2,108,511$44,941$0$1,579,762
52$2,255,279$0$0$1,679,820
53$2,414,865$0$0$1,791,946
54$2,588,511$0$0$1,921,512
55$2,777,579$0$0$2,062,618
56$2,983,571$0$0$2,216,389
57$3,208,138$0$0$2,384,060
58$3,453,099$0$0$2,566,994
59$3,720,454$0$0$2,766,690
60$4,012,407$0$0$2,984,797
61$4,331,381$0$0$3,223,133
62$4,680,046$0$0$3,483,696
63$5,061,342$0$0$3,768,689
64$5,478,504$0$0$4,080,534
65$5,935,094$0$0$4,421,903
66$6,435,037$0$0$4,795,733
67$6,982,653$0$0$5,205,262
68$7,582,700$0$0$5,654,054
69$8,240,418$0$0$6,146,036
70$8,961,578$0$0$6,685,531
71$9,752,537$0$0$7,277,301
72$10,620,294$0$0$7,926,592
73$11,572,563$0$0$8,639,182
74$12,617,837$0$0$9,421,433
75$13,765,471$0$0$10,280,358
76$15,025,774$0$0$11,223,678
77$16,410,099$0$0$12,259,901
78$17,930,954$0$0$13,398,398
79$19,602,117$0$0$14,649,493
80$21,438,768$0$0$16,024,560
81$23,457,630$0$0$17,536,129
82$25,677,128$0$0$19,198,007
83$28,117,559$0$0$21,025,401
84$30,801,288$0$0$23,035,069
85$33,752,952$0$0$25,245,474
86$36,999,699$0$0$27,676,955
87$40,571,438$0$0$30,351,926
88$44,501,125$0$0$33,295,079
89$48,825,069$0$0$36,533,623
90$53,583,277$0$0$40,097,535
91$58,819,831$0$0$44,019,847
92$64,583,302$0$0$48,336,954
93$70,927,208$0$0$53,088,959
94$77,910,519$0$0$58,320,050
95$85,598,214$0$0$64,078,917
96$94,061,889$0$0$70,419,210
97$103,380,437$0$0$77,400,047
98$113,640,792$0$0$85,086,569
99$124,938,742$0$0$93,550,555
100$137,379,840$0$0$102,871,100