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%14.6%
1 years$48,722$48,288$47,864$47,451$47,047$46,154
2 years$24,120$23,670$23,235$22,813$22,404$21,507
3 years$15,920$15,469$15,035$14,616$14,214$13,342
4 years$11,821$11,371$10,941$10,530$10,137$9,297
5 years$9,362$8,915$8,491$8,088$7,706$6,900
6 years$7,724$7,280$6,862$6,468$6,098$5,326
7 years$6,554$6,114$5,702$5,318$4,959$4,222
8 years$5,677$5,241$4,836$4,461$4,114$3,412
9 years$4,995$4,563$4,165$3,800$3,465$2,797
10 years$4,450$4,022$3,631$3,276$2,952$2,318
11 years$4,004$3,580$3,197$2,851$2,539$1,938
12 years$3,633$3,214$2,837$2,500$2,200$1,631
13 years$3,319$2,904$2,535$2,208$1,919$1,381
14 years$3,050$2,640$2,278$1,960$1,682$1,174
15 years$2,817$2,412$2,056$1,748$1,481$1,002
16 years$2,614$2,213$1,864$1,565$1,309$858
17 years$2,435$2,038$1,697$1,406$1,160$737
18 years$2,275$1,883$1,549$1,267$1,032$634
19 years$2,133$1,745$1,418$1,145$920$547
20 years$2,005$1,622$1,301$1,037$821$472
21 years$1,890$1,510$1,197$941$735$409
22 years$1,785$1,410$1,103$856$659$354
23 years$1,689$1,319$1,018$779$591$307
24 years$1,602$1,236$942$711$532$266
25 years$1,521$1,159$872$649$478$231
26 years$1,447$1,090$809$593$431$201
27 years$1,378$1,026$751$543$389$174
28 years$1,315$966$698$498$351$152
29 years$1,256$912$650$456$317$132
30 years$1,201$861$605$419$286$115
31 years$1,150$814$564$385$259$100
32 years$1,102$770$527$354$234$87
33 years$1,057$729$492$325$212$76
34 years$1,014$691$459$299$192$66
35 years$975$656$430$275$174$58
36 years$937$622$402$254$157$50
37 years$902$591$376$234$143$44
38 years$868$562$352$215$129$38
39 years$837$534$330$199$117$33
40 years$807$508$309$183$106$29
41 years$778$484$290$169$96$25
42 years$751$461$272$156$88$22
43 years$725$439$255$144$79$19
44 years$701$418$240$133$72$17
45 years$678$399$225$123$65$15
46 years$655$381$211$113$59$13
47 years$634$363$199$105$54$11
48 years$614$347$187$97$49$10
49 years$595$331$175$89$45$8
50 years$576$316$165$83$40$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $590,000, adding $6,203 every year, while hoping to spend $35,864 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: 46/40/14 Blend
29$590,000$590,000$590,000$590,000
30$656,578$625,308$616,163$683,909
31$685,390$617,789$598,646$695,998
32$715,939$608,700$579,339$704,962
33$748,364$597,926$558,146$713,900
34$782,817$585,344$534,965$722,822
35$819,466$570,827$509,687$731,745
36$858,491$554,238$482,201$740,687
37$900,094$535,432$452,392$749,672
38$944,492$514,257$420,136$758,730
39$991,926$490,550$385,305$767,894
40$1,042,657$464,142$347,768$777,209
41$1,096,974$434,851$307,384$786,722
42$1,155,192$402,485$264,008$796,494
43$1,217,657$366,843$217,488$806,593
44$1,284,750$327,710$167,666$817,099
45$1,356,888$284,861$114,376$828,105
46$1,434,528$238,057$57,445$839,718
47$1,518,173$187,045$0$852,061
48$1,608,376$131,559$0$865,770
49$1,705,743$71,318$0$889,700
50$1,810,941$6,025$0$915,476
51$1,924,702$0$0$943,336
52$2,047,832$0$0$1,001,998
53$2,181,215$0$0$1,068,476
54$2,325,826$0$0$1,140,610
55$2,482,733$0$0$1,218,940
56$2,653,115$0$0$1,304,062
57$2,838,266$0$0$1,396,632
58$3,039,611$0$0$1,497,370
59$3,258,715$0$0$1,607,069
60$3,497,303$0$0$1,726,602
61$3,757,273$0$0$1,856,929
62$4,040,712$0$0$1,999,107
63$4,349,918$0$0$2,154,299
64$4,687,420$0$0$2,323,787
65$5,056,002$0$0$2,508,979
66$5,458,730$0$0$2,711,429
67$5,898,976$0$0$2,932,843
68$6,380,457$0$0$3,175,105
69$6,907,261$0$0$3,440,286
70$7,483,894$0$0$3,730,667
71$8,115,314$0$0$4,048,760
72$8,806,984$0$0$4,397,331
73$9,564,916$0$0$4,779,429
74$10,395,735$0$0$5,198,407
75$11,306,737$0$0$5,657,963
76$12,305,957$0$0$6,162,168
77$13,402,243$0$0$6,715,504
78$14,605,344$0$0$7,322,912
79$15,925,999$0$0$7,989,832
80$17,376,033$0$0$8,722,257
81$18,968,477$0$0$9,526,790
82$20,717,683$0$0$10,410,703
83$22,639,462$0$0$11,382,009
84$24,751,233$0$0$12,449,534
85$27,072,185$0$0$13,623,004
86$29,623,458$0$0$14,913,132
87$32,428,343$0$0$16,331,721
88$35,512,500$0$0$17,891,776
89$38,904,200$0$0$19,607,625
90$42,634,590$0$0$21,495,053
91$46,737,988$0$0$23,571,453
92$51,252,205$0$0$25,855,990
93$56,218,900$0$0$28,369,776
94$61,683,976$0$0$31,136,078
95$67,698,008$0$0$34,180,529
96$74,316,723$0$0$37,531,375
97$81,601,522$0$0$41,219,736
98$89,620,063$0$0$45,279,904
99$98,446,893$0$0$49,749,667
100$108,164,156$0$0$54,670,658