Can I retire at age 30 with 590,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%19.7%
1 years$48,722$48,288$47,864$47,451$47,047$45,216
2 years$24,120$23,670$23,235$22,813$22,404$20,581
3 years$15,920$15,469$15,035$14,616$14,214$12,457
4 years$11,821$11,371$10,941$10,530$10,137$8,460
5 years$9,362$8,915$8,491$8,088$7,706$6,112
6 years$7,724$7,280$6,862$6,468$6,098$4,588
7 years$6,554$6,114$5,702$5,318$4,959$3,533
8 years$5,677$5,241$4,836$4,461$4,114$2,771
9 years$4,995$4,563$4,165$3,800$3,465$2,202
10 years$4,450$4,022$3,631$3,276$2,952$1,768
11 years$4,004$3,580$3,197$2,851$2,539$1,430
12 years$3,633$3,214$2,837$2,500$2,200$1,164
13 years$3,319$2,904$2,535$2,208$1,919$952
14 years$3,050$2,640$2,278$1,960$1,682$782
15 years$2,817$2,412$2,056$1,748$1,481$644
16 years$2,614$2,213$1,864$1,565$1,309$531
17 years$2,435$2,038$1,697$1,406$1,160$440
18 years$2,275$1,883$1,549$1,267$1,032$364
19 years$2,133$1,745$1,418$1,145$920$302
20 years$2,005$1,622$1,301$1,037$821$251
21 years$1,890$1,510$1,197$941$735$209
22 years$1,785$1,410$1,103$856$659$174
23 years$1,689$1,319$1,018$779$591$145
24 years$1,602$1,236$942$711$532$121
25 years$1,521$1,159$872$649$478$101
26 years$1,447$1,090$809$593$431$84
27 years$1,378$1,026$751$543$389$70
28 years$1,315$966$698$498$351$58
29 years$1,256$912$650$456$317$49
30 years$1,201$861$605$419$286$41
31 years$1,150$814$564$385$259$34
32 years$1,102$770$527$354$234$28
33 years$1,057$729$492$325$212$24
34 years$1,014$691$459$299$192$20
35 years$975$656$430$275$174$16
36 years$937$622$402$254$157$14
37 years$902$591$376$234$143$12
38 years$868$562$352$215$129$10
39 years$837$534$330$199$117$8
40 years$807$508$309$183$106$7
41 years$778$484$290$169$96$6
42 years$751$461$272$156$88$5
43 years$725$439$255$144$79$4
44 years$701$418$240$133$72$3
45 years$678$399$225$123$65$3
46 years$655$381$211$113$59$2
47 years$634$363$199$105$54$2
48 years$614$347$187$97$49$2
49 years$595$331$175$89$45$1
50 years$576$316$165$83$40$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $590,000, adding $6,048 every year, while hoping to spend $32,962 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: 63/19/18 Blend
29$590,000$590,000$590,000$590,000
30$656,419$625,149$616,004$694,422
31$688,302$620,709$601,568$716,276
32$722,333$614,948$585,545$735,860
33$758,695$607,765$567,845$756,472
34$797,591$599,054$548,377$778,211
35$839,242$588,705$527,044$801,193
36$883,890$576,597$503,746$825,543
37$931,803$562,606$478,377$851,401
38$983,271$546,599$450,828$878,925
39$1,038,618$528,435$420,983$908,286
40$1,098,193$507,964$388,722$939,679
41$1,162,385$485,031$353,921$973,316
42$1,231,618$459,467$316,447$1,009,435
43$1,306,359$431,097$276,163$1,048,300
44$1,387,121$399,734$232,928$1,090,203
45$1,474,466$365,180$186,591$1,135,468
46$1,569,016$327,228$136,996$1,184,456
47$1,671,451$285,657$83,980$1,237,564
48$1,782,520$240,235$27,374$1,295,235
49$1,903,045$190,715$0$1,357,959
50$2,033,934$136,839$0$1,432,624
51$2,176,182$78,330$0$1,519,507
52$2,330,885$14,901$0$1,614,051
53$2,499,249$0$0$1,717,030
54$2,682,600$0$0$1,840,539
55$2,882,398$0$0$1,978,562
56$3,100,251$0$0$2,129,097
57$3,337,925$0$0$2,293,372
58$3,597,368$0$0$2,472,736
59$3,880,722$0$0$2,668,677
60$4,190,345$0$0$2,882,831
61$4,528,834$0$0$3,117,000
62$4,899,048$0$0$3,373,168
63$5,304,134$0$0$3,653,520
64$5,747,559$0$0$3,960,461
65$6,233,139$0$0$4,296,640
66$6,765,076$0$0$4,664,973
67$7,348,000$0$0$5,068,674
68$7,987,009$0$0$5,511,280
69$8,687,716$0$0$5,996,689
70$9,456,305$0$0$6,529,192
71$10,299,587$0$0$7,113,517
72$11,225,064$0$0$7,754,871
73$12,241,000$0$0$8,458,990
74$13,356,497$0$0$9,232,192
75$14,581,582$0$0$10,081,438
76$15,927,302$0$0$11,014,396
77$17,405,825$0$0$12,039,511
78$19,030,557$0$0$13,166,091
79$20,816,265$0$0$14,404,385
80$22,779,220$0$0$15,765,690
81$24,937,347$0$0$17,262,447
82$27,310,394$0$0$18,908,366
83$29,920,119$0$0$20,718,552
84$32,790,494$0$0$22,709,644
85$35,947,931$0$0$24,899,978
86$39,421,530$0$0$27,309,756
87$43,243,354$0$0$29,961,236
88$47,448,730$0$0$32,878,942
89$52,076,583$0$0$36,089,896
90$57,169,801$0$0$39,623,873
91$62,775,642$0$0$43,513,679
92$68,946,175$0$0$47,795,462
93$75,738,778$0$0$52,509,054
94$83,216,668$0$0$57,698,344
95$91,449,508$0$0$63,411,692
96$100,514,057$0$0$69,702,388
97$110,494,896$0$0$76,629,149
98$121,485,226$0$0$84,256,680
99$133,587,744$0$0$92,656,276
100$146,915,616$0$0$101,906,502