Can I retire at age 30 with 593,000?

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 $593,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$48,969$48,533$48,108$47,692$47,287$47,048
2 years$24,242$23,791$23,353$22,929$22,517$22,276
3 years$16,001$15,548$15,111$14,691$14,286$14,050
4 years$11,881$11,429$10,997$10,584$10,189$9,960
5 years$9,410$8,961$8,534$8,129$7,745$7,524
6 years$7,763$7,317$6,897$6,501$6,129$5,916
7 years$6,587$6,145$5,731$5,345$4,984$4,780
8 years$5,705$5,267$4,861$4,484$4,135$3,938
9 years$5,020$4,586$4,186$3,819$3,482$3,294
10 years$4,472$4,042$3,650$3,292$2,967$2,787
11 years$4,024$3,599$3,213$2,865$2,552$2,379
12 years$3,651$3,230$2,852$2,513$2,211$2,046
13 years$3,336$2,919$2,548$2,219$1,928$1,771
14 years$3,066$2,653$2,289$1,970$1,690$1,541
15 years$2,832$2,424$2,067$1,756$1,488$1,346
16 years$2,627$2,224$1,874$1,573$1,315$1,180
17 years$2,447$2,048$1,705$1,413$1,166$1,038
18 years$2,287$1,892$1,557$1,273$1,037$915
19 years$2,144$1,754$1,425$1,151$924$809
20 years$2,015$1,630$1,308$1,042$826$716
21 years$1,899$1,518$1,203$946$739$635
22 years$1,794$1,417$1,109$860$662$564
23 years$1,698$1,325$1,024$783$594$502
24 years$1,610$1,242$947$714$534$447
25 years$1,529$1,165$877$652$481$399
26 years$1,454$1,095$813$596$433$356
27 years$1,385$1,031$755$546$390$318
28 years$1,322$971$702$500$352$284
29 years$1,262$916$653$459$318$254
30 years$1,207$865$609$421$287$227
31 years$1,155$818$567$387$260$204
32 years$1,107$774$529$355$235$182
33 years$1,062$733$494$327$213$164
34 years$1,019$695$462$301$193$147
35 years$979$659$432$277$174$131
36 years$942$625$404$255$158$118
37 years$906$594$378$235$143$106
38 years$873$565$354$216$130$95
39 years$841$537$332$200$118$85
40 years$811$511$311$184$107$77
41 years$782$486$291$170$97$69
42 years$755$463$273$157$88$62
43 years$729$441$257$145$80$55
44 years$705$421$241$134$72$50
45 years$681$401$226$123$66$45
46 years$659$383$212$114$60$40
47 years$637$365$200$105$54$36
48 years$617$348$188$97$49$32
49 years$598$333$176$90$45$29
50 years$579$318$166$83$41$26

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $593,000, adding $6,403 every year, while hoping to spend $34,952 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: 72/12/16 Blend
29$593,000$593,000$593,000$593,000
30$660,091$628,662$619,470$704,755
31$690,231$622,277$603,034$728,856
32$722,275$614,409$584,875$750,387
33$756,378$604,947$564,900$773,054
34$792,714$593,774$543,010$796,964
35$831,470$580,768$519,100$822,232
36$872,854$565,799$493,063$848,990
37$917,090$548,729$464,786$877,380
38$964,428$529,411$434,151$907,562
39$1,015,138$507,691$401,034$939,710
40$1,069,520$483,406$365,306$974,021
41$1,127,900$456,381$326,832$1,010,709
42$1,190,637$426,436$285,473$1,050,014
43$1,258,126$393,375$241,080$1,092,199
44$1,330,799$356,994$193,500$1,137,558
45$1,409,131$317,078$142,574$1,186,412
46$1,493,646$273,397$88,132$1,239,121
47$1,584,915$225,711$30,002$1,296,081
48$1,683,569$173,764$0$1,357,729
49$1,790,302$117,287$0$1,430,018
50$1,905,874$55,995$0$1,513,837
51$2,031,122$0$0$1,604,684
52$2,166,968$0$0$1,704,626
53$2,314,423$0$0$1,821,158
54$2,474,601$0$0$1,947,771
55$2,648,727$0$0$2,085,436
56$2,838,147$0$0$2,235,220
57$3,044,345$0$0$2,398,300
58$3,268,951$0$0$2,575,969
59$3,513,760$0$0$2,769,652
60$3,780,749$0$0$2,980,915
61$4,072,090$0$0$3,211,482
62$4,390,179$0$0$3,463,252
63$4,737,648$0$0$3,738,315
64$5,117,399$0$0$4,038,972
65$5,532,624$0$0$4,367,755
66$5,986,840$0$0$4,727,454
67$6,483,918$0$0$5,121,139
68$7,028,119$0$0$5,552,191
69$7,624,139$0$0$6,024,334
70$8,277,146$0$0$6,541,670
71$8,992,833$0$0$7,108,713
72$9,777,470$0$0$7,730,439
73$10,637,961$0$0$8,412,325
74$11,581,914$0$0$9,160,404
75$12,617,704$0$0$9,981,323
76$13,754,560$0$0$10,882,403
77$15,002,645$0$0$11,871,707
78$16,373,156$0$0$12,958,117
79$17,878,427$0$0$14,151,420
80$19,532,044$0$0$15,462,394
81$21,348,977$0$0$16,902,914
82$23,345,713$0$0$18,486,064
83$25,540,419$0$0$20,226,255
84$27,953,108$0$0$22,139,365
85$30,605,831$0$0$24,242,889
86$33,522,878$0$0$26,556,100
87$36,731,015$0$0$29,100,232
88$40,259,729$0$0$31,898,680
89$44,141,509$0$0$34,977,223
90$48,412,153$0$0$38,364,260
91$53,111,101$0$0$42,091,085
92$58,281,810$0$0$46,192,177
93$63,972,163$0$0$50,705,526
94$70,234,919$0$0$55,672,991
95$77,128,209$0$0$61,140,697
96$84,716,090$0$0$67,159,463
97$93,069,139$0$0$73,785,290
98$102,265,128$0$0$81,079,882
99$112,389,751$0$0$89,111,229
100$123,537,432$0$0$97,954,252