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%17.3%
1 years$48,969$48,533$48,108$47,692$47,287$45,883
2 years$24,242$23,791$23,353$22,929$22,517$21,115
3 years$16,001$15,548$15,111$14,691$14,286$12,929
4 years$11,881$11,429$10,997$10,584$10,189$8,887
5 years$9,410$8,961$8,534$8,129$7,745$6,503
6 years$7,763$7,317$6,897$6,501$6,129$4,946
7 years$6,587$6,145$5,731$5,345$4,984$3,862
8 years$5,705$5,267$4,861$4,484$4,135$3,072
9 years$5,020$4,586$4,186$3,819$3,482$2,477
10 years$4,472$4,042$3,650$3,292$2,967$2,019
11 years$4,024$3,599$3,213$2,865$2,552$1,659
12 years$3,651$3,230$2,852$2,513$2,211$1,372
13 years$3,336$2,919$2,548$2,219$1,928$1,141
14 years$3,066$2,653$2,289$1,970$1,690$952
15 years$2,832$2,424$2,067$1,756$1,488$798
16 years$2,627$2,224$1,874$1,573$1,315$670
17 years$2,447$2,048$1,705$1,413$1,166$564
18 years$2,287$1,892$1,557$1,273$1,037$476
19 years$2,144$1,754$1,425$1,151$924$402
20 years$2,015$1,630$1,308$1,042$826$340
21 years$1,899$1,518$1,203$946$739$288
22 years$1,794$1,417$1,109$860$662$245
23 years$1,698$1,325$1,024$783$594$208
24 years$1,610$1,242$947$714$534$176
25 years$1,529$1,165$877$652$481$150
26 years$1,454$1,095$813$596$433$127
27 years$1,385$1,031$755$546$390$108
28 years$1,322$971$702$500$352$92
29 years$1,262$916$653$459$318$78
30 years$1,207$865$609$421$287$67
31 years$1,155$818$567$387$260$57
32 years$1,107$774$529$355$235$48
33 years$1,062$733$494$327$213$41
34 years$1,019$695$462$301$193$35
35 years$979$659$432$277$174$30
36 years$942$625$404$255$158$25
37 years$906$594$378$235$143$22
38 years$873$565$354$216$130$19
39 years$841$537$332$200$118$16
40 years$811$511$311$184$107$13
41 years$782$486$291$170$97$11
42 years$755$463$273$157$88$10
43 years$729$441$257$145$80$8
44 years$705$421$241$134$72$7
45 years$681$401$226$123$66$6
46 years$659$383$212$114$60$5
47 years$637$365$200$105$54$4
48 years$617$348$188$97$49$4
49 years$598$333$176$90$45$3
50 years$579$318$166$83$41$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $593,000, adding $4,664 every year, while hoping to spend $27,233 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: 62/24/14 Blend
29$593,000$593,000$593,000$593,000
30$658,297$626,868$617,676$696,583
31$696,468$628,609$609,393$724,595
32$737,619$629,522$599,919$751,643
33$782,026$629,539$589,186$780,510
34$829,992$628,585$577,123$811,374
35$881,848$626,583$563,654$844,431
36$937,960$623,449$548,700$879,899
37$998,730$619,097$532,180$918,019
38$1,064,599$613,431$514,007$959,055
39$1,136,053$606,354$494,090$1,003,302
40$1,213,625$597,760$472,337$1,051,085
41$1,297,904$587,538$448,649$1,102,762
42$1,389,533$575,571$422,922$1,158,731
43$1,489,226$561,734$395,050$1,219,431
44$1,597,762$545,895$364,920$1,285,345
45$1,716,003$527,913$332,414$1,357,011
46$1,844,896$507,641$297,410$1,435,020
47$1,985,483$484,923$259,781$1,520,026
48$2,138,910$459,592$219,391$1,612,752
49$2,306,440$431,474$176,103$1,713,996
50$2,489,464$400,383$129,769$1,824,640
51$2,689,510$366,122$80,237$1,945,659
52$2,908,264$328,486$27,349$2,078,128
53$3,147,581$287,255$0$2,223,236
54$3,409,501$242,198$0$2,386,640
55$3,696,275$193,071$0$2,570,086
56$4,010,379$139,615$0$2,771,111
57$4,354,539$81,558$0$2,991,510
58$4,731,759$18,611$0$3,233,261
59$5,145,347$0$0$3,498,550
60$5,598,946$0$0$3,802,862
61$6,096,569$0$0$4,142,147
62$6,642,634$0$0$4,514,508
63$7,242,011$0$0$4,923,270
64$7,900,062$0$0$5,372,097
65$8,622,694$0$0$5,865,024
66$9,416,415$0$0$6,406,495
67$10,288,393$0$0$7,001,409
68$11,246,525$0$0$7,655,160
69$12,299,511$0$0$8,373,692
70$13,456,935$0$0$9,163,551
71$14,729,358$0$0$10,031,952
72$16,128,411$0$0$10,986,841
73$17,666,913$0$0$12,036,976
74$19,358,984$0$0$13,192,003
75$21,220,183$0$0$14,462,551
76$23,267,651$0$0$15,860,332
77$25,520,276$0$0$17,398,248
78$27,998,868$0$0$19,090,517
79$30,726,355$0$0$20,952,803
80$33,728,001$0$0$23,002,367
81$37,031,643$0$0$25,258,226
82$40,667,953$0$0$27,741,335
83$44,670,727$0$0$30,474,785
84$49,077,207$0$0$33,484,017
85$53,928,424$0$0$36,797,067
86$59,269,593$0$0$40,444,824
87$65,150,537$0$0$44,461,328
88$71,626,153$0$0$48,884,086
89$78,756,935$0$0$53,754,428
90$86,609,542$0$0$59,117,897
91$95,257,426$0$0$65,024,675
92$104,781,526$0$0$71,530,062
93$115,271,032$0$0$78,694,995
94$126,824,223$0$0$86,586,619
95$139,549,399$0$0$95,278,929
96$153,565,901$0$0$104,853,459
97$169,005,233$0$0$115,400,057
98$186,012,308$0$0$127,017,733
99$204,746,814$0$0$139,815,587
100$225,384,720$0$0$153,913,848