Can I retire at age 30 with 591,000?

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 $591,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$48,804$48,370$47,945$47,531$47,127$45,419
2 years$24,161$23,711$23,274$22,852$22,442$20,739
3 years$15,947$15,495$15,060$14,641$14,238$12,595
4 years$11,841$11,391$10,960$10,548$10,155$8,584
5 years$9,378$8,930$8,505$8,102$7,719$6,225
6 years$7,737$7,292$6,874$6,479$6,108$4,691
7 years$6,565$6,124$5,712$5,327$4,967$3,627
8 years$5,686$5,249$4,844$4,469$4,121$2,856
9 years$5,003$4,571$4,172$3,806$3,470$2,280
10 years$4,457$4,029$3,638$3,281$2,957$1,838
11 years$4,011$3,587$3,202$2,856$2,543$1,494
12 years$3,639$3,219$2,842$2,505$2,204$1,222
13 years$3,324$2,909$2,539$2,211$1,922$1,004
14 years$3,055$2,644$2,281$1,963$1,685$828
15 years$2,822$2,416$2,060$1,751$1,483$685
16 years$2,618$2,216$1,868$1,567$1,311$569
17 years$2,439$2,041$1,699$1,408$1,162$473
18 years$2,279$1,886$1,551$1,269$1,034$394
19 years$2,137$1,748$1,420$1,147$921$329
20 years$2,009$1,624$1,303$1,039$823$275
21 years$1,893$1,513$1,199$943$736$230
22 years$1,788$1,412$1,105$857$660$192
23 years$1,692$1,321$1,020$781$592$161
24 years$1,604$1,238$944$712$533$135
25 years$1,524$1,161$874$650$479$113
26 years$1,449$1,092$810$594$432$95
27 years$1,381$1,027$753$544$389$79
28 years$1,317$968$700$499$351$67
29 years$1,258$913$651$457$317$56
30 years$1,203$862$606$420$286$47
31 years$1,152$815$565$385$259$39
32 years$1,103$771$528$354$234$33
33 years$1,058$731$493$326$212$28
34 years$1,016$692$460$300$192$23
35 years$976$657$430$276$174$20
36 years$939$623$402$254$158$16
37 years$903$592$377$234$143$14
38 years$870$563$353$216$129$12
39 years$838$535$331$199$117$10
40 years$808$509$310$183$106$8
41 years$779$485$290$169$97$7
42 years$752$461$272$156$88$6
43 years$727$440$256$144$80$5
44 years$702$419$240$133$72$4
45 years$679$400$225$123$66$3
46 years$657$381$212$114$60$3
47 years$635$364$199$105$54$2
48 years$615$347$187$97$49$2
49 years$596$332$176$90$45$2
50 years$577$317$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 $591,000, adding $5,826 every year, while hoping to spend $26,232 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: 50/35/15 Blend
29$591,000$591,000$591,000$591,000
30$657,292$625,969$616,808$687,173
31$696,425$628,730$609,560$711,108
32$738,670$630,748$601,191$733,893
33$784,318$631,958$591,634$758,074
34$833,686$632,292$580,822$783,790
35$887,125$631,677$568,682$811,198
36$945,019$630,037$555,141$840,469
37$1,007,792$627,290$540,119$871,795
38$1,075,909$623,349$523,535$905,387
39$1,149,881$618,123$505,303$941,480
40$1,230,272$611,514$485,333$980,336
41$1,317,700$603,418$463,532$1,022,242
42$1,412,847$593,728$439,802$1,067,519
43$1,516,463$582,325$414,041$1,116,522
44$1,629,372$569,089$386,141$1,169,643
45$1,752,481$553,888$355,990$1,227,317
46$1,886,791$536,585$323,472$1,290,027
47$2,033,400$517,034$288,465$1,358,306
48$2,193,519$495,081$250,841$1,432,745
49$2,368,481$470,563$210,467$1,513,997
50$2,559,753$443,307$167,204$1,602,786
51$2,768,949$413,130$120,907$1,699,913
52$2,997,848$379,841$71,424$1,806,263
53$3,248,409$343,233$18,598$1,922,815
54$3,522,788$303,093$0$2,050,654
55$3,823,359$259,191$0$2,197,024
56$4,152,738$211,287$0$2,360,772
57$4,513,805$159,128$0$2,540,413
58$4,909,730$102,443$0$2,737,595
59$5,344,010$40,949$0$2,954,140
60$5,820,490$0$0$3,192,056
61$6,343,411$0$0$3,463,444
62$6,917,440$0$0$3,778,733
63$7,547,720$0$0$4,124,985
64$8,239,917$0$0$4,505,321
65$9,000,272$0$0$4,923,177
66$9,835,659$0$0$5,382,343
67$10,753,653$0$0$5,886,988
68$11,762,597$0$0$6,441,711
69$12,871,683$0$0$7,051,574
70$14,091,039$0$0$7,722,156
71$15,431,822$0$0$8,459,604
72$16,906,326$0$0$9,270,691
73$18,528,093$0$0$10,162,877
74$20,312,046$0$0$11,144,383
75$22,274,626$0$0$12,224,266
76$24,433,948$0$0$13,412,507
77$26,809,971$0$0$14,720,102
78$29,424,687$0$0$16,159,167
79$32,302,326$0$0$17,743,050
80$35,469,590$0$0$19,486,463
81$38,955,895$0$0$21,405,613
82$42,793,659$0$0$23,518,360
83$47,018,599$0$0$25,844,382
84$51,670,072$0$0$28,405,363
85$56,791,446$0$0$31,225,198
86$62,430,507$0$0$34,330,213
87$68,639,912$0$0$37,749,422
88$75,477,684$0$0$41,514,793
89$83,007,758$0$0$45,661,551
90$91,300,588$0$0$50,228,515
91$100,433,806$0$0$55,258,457
92$110,492,959$0$0$60,798,513
93$121,572,317$0$0$66,900,621
94$133,775,754$0$0$73,622,015
95$147,217,738$0$0$81,025,763
96$162,024,406$0$0$89,181,364
97$178,334,754$0$0$98,165,402
98$196,301,948$0$0$108,062,269
99$216,094,773$0$0$118,964,962
100$237,899,223$0$0$130,975,961