Can I retire at age 30 with 592,000?

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 $592,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$48,887$48,451$48,026$47,612$47,207$46,714
2 years$24,201$23,751$23,314$22,890$22,479$21,983
3 years$15,974$15,521$15,086$14,666$14,262$13,777
4 years$11,861$11,410$10,978$10,566$10,172$9,703
5 years$9,394$8,945$8,520$8,116$7,732$7,281
6 years$7,750$7,305$6,885$6,490$6,118$5,684
7 years$6,576$6,134$5,722$5,336$4,976$4,559
8 years$5,696$5,258$4,852$4,476$4,128$3,729
9 years$5,012$4,578$4,179$3,813$3,476$3,095
10 years$4,465$4,036$3,644$3,287$2,962$2,598
11 years$4,017$3,593$3,208$2,860$2,547$2,201
12 years$3,645$3,225$2,847$2,509$2,208$1,878
13 years$3,330$2,914$2,543$2,215$1,925$1,611
14 years$3,060$2,649$2,285$1,966$1,687$1,390
15 years$2,827$2,420$2,063$1,754$1,486$1,204
16 years$2,623$2,220$1,871$1,570$1,313$1,046
17 years$2,443$2,045$1,702$1,411$1,164$912
18 years$2,283$1,889$1,554$1,271$1,035$796
19 years$2,140$1,751$1,423$1,149$923$697
20 years$2,012$1,627$1,306$1,040$824$612
21 years$1,896$1,516$1,201$944$738$538
22 years$1,791$1,415$1,107$859$661$473
23 years$1,695$1,323$1,022$782$593$417
24 years$1,607$1,240$945$713$533$367
25 years$1,526$1,163$875$651$480$324
26 years$1,452$1,093$812$595$432$287
27 years$1,383$1,029$754$545$390$253
28 years$1,319$970$701$499$352$224
29 years$1,260$915$652$458$318$198
30 years$1,205$864$607$420$287$176
31 years$1,154$817$566$386$259$156
32 years$1,105$773$528$355$235$138
33 years$1,060$732$493$326$212$122
34 years$1,018$694$461$300$192$108
35 years$978$658$431$276$174$96
36 years$940$624$403$254$158$85
37 years$905$593$377$234$143$76
38 years$871$564$353$216$130$67
39 years$839$536$331$199$118$60
40 years$809$510$310$184$107$53
41 years$781$485$291$170$97$47
42 years$754$462$273$156$88$42
43 years$728$440$256$144$80$37
44 years$703$420$240$133$72$33
45 years$680$400$226$123$66$29
46 years$658$382$212$114$60$26
47 years$636$364$199$105$54$23
48 years$616$348$187$97$49$21
49 years$597$332$176$90$45$18
50 years$578$317$165$83$41$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $592,000, adding $5,169 every year, while hoping to spend $25,552 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: 62/27/11 Blend
29$592,000$592,000$592,000$592,000
30$657,716$626,340$617,164$696,511
31$697,616$629,843$610,652$726,631
32$740,729$632,662$603,065$756,092
33$787,356$634,736$594,341$787,616
34$837,829$636,000$584,413$821,403
35$892,509$636,386$573,213$857,674
36$951,798$635,821$560,668$896,674
37$1,016,134$634,229$546,703$938,672
38$1,086,000$631,527$531,238$983,967
39$1,161,929$627,629$514,192$1,032,888
40$1,244,505$622,442$495,476$1,085,799
41$1,334,372$615,868$475,002$1,143,101
42$1,432,237$607,805$452,674$1,205,238
43$1,538,880$598,143$428,393$1,272,700
44$1,655,158$586,764$402,057$1,346,028
45$1,782,015$573,546$373,556$1,425,821
46$1,920,489$558,358$342,779$1,512,737
47$2,071,723$541,063$309,607$1,607,507
48$2,236,978$521,513$273,917$1,710,933
49$2,417,637$499,555$235,581$1,823,905
50$2,615,226$475,023$194,463$1,947,404
51$2,831,426$447,746$150,425$2,082,512
52$3,068,086$417,540$103,318$2,230,425
53$3,327,243$384,212$52,991$2,392,461
54$3,611,139$347,556$0$2,570,079
55$3,922,245$307,356$0$2,764,968
56$4,263,281$263,383$0$2,985,463
57$4,637,243$215,397$0$3,227,315
58$5,047,431$163,140$0$3,492,707
59$5,497,480$106,345$0$3,784,046
60$5,991,393$44,726$0$4,103,987
61$6,533,580$0$0$4,455,456
62$7,128,899$0$0$4,848,225
63$7,782,700$0$0$5,294,219
64$8,500,879$0$0$5,784,176
65$9,289,929$0$0$6,322,531
66$10,157,003$0$0$6,914,172
67$11,109,984$0$0$7,564,483
68$12,157,552$0$0$8,279,396
69$13,309,275$0$0$9,065,444
70$14,575,691$0$0$9,929,829
71$15,968,410$0$0$10,880,481
72$17,500,226$0$0$11,926,141
73$19,185,233$0$0$13,076,437
74$21,038,960$0$0$14,341,980
75$23,078,517$0$0$15,734,457
76$25,322,757$0$0$17,266,750
77$27,792,452$0$0$18,953,049
78$30,510,489$0$0$20,808,991
79$33,502,086$0$0$22,851,805
80$36,795,032$0$0$25,100,475
81$40,419,944$0$0$27,575,920
82$44,410,559$0$0$30,301,189
83$48,804,052$0$0$33,301,680
84$53,641,385$0$0$36,605,378
85$58,967,695$0$0$40,243,123
86$64,832,718$0$0$44,248,892
87$71,291,257$0$0$48,660,132
88$78,403,704$0$0$53,518,099
89$86,236,604$0$0$58,868,261
90$94,863,286$0$0$64,760,715
91$104,364,550$0$0$71,250,669
92$114,829,438$0$0$78,398,955
93$126,356,065$0$0$86,272,609
94$139,052,550$0$0$94,945,499
95$153,038,034$0$0$104,499,027
96$168,443,804$0$0$115,022,891
97$185,414,533$0$0$126,615,935
98$204,109,644$0$0$139,387,082
99$224,704,816$0$0$153,456,360
100$247,393,639$0$0$168,956,037