Can I retire at age 30 with 593,000?

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 $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%15.7%
1 years$48,969$48,533$48,108$47,692$47,287$46,181
2 years$24,242$23,791$23,353$22,929$22,517$21,410
3 years$16,001$15,548$15,111$14,691$14,286$13,211
4 years$11,881$11,429$10,997$10,584$10,189$9,155
5 years$9,410$8,961$8,534$8,129$7,745$6,755
6 years$7,763$7,317$6,897$6,501$6,129$5,183
7 years$6,587$6,145$5,731$5,345$4,984$4,084
8 years$5,705$5,267$4,861$4,484$4,135$3,279
9 years$5,020$4,586$4,186$3,819$3,482$2,670
10 years$4,472$4,042$3,650$3,292$2,967$2,198
11 years$4,024$3,599$3,213$2,865$2,552$1,825
12 years$3,651$3,230$2,852$2,513$2,211$1,525
13 years$3,336$2,919$2,548$2,219$1,928$1,281
14 years$3,066$2,653$2,289$1,970$1,690$1,082
15 years$2,832$2,424$2,067$1,756$1,488$916
16 years$2,627$2,224$1,874$1,573$1,315$779
17 years$2,447$2,048$1,705$1,413$1,166$663
18 years$2,287$1,892$1,557$1,273$1,037$566
19 years$2,144$1,754$1,425$1,151$924$484
20 years$2,015$1,630$1,308$1,042$826$415
21 years$1,899$1,518$1,203$946$739$356
22 years$1,794$1,417$1,109$860$662$305
23 years$1,698$1,325$1,024$783$594$263
24 years$1,610$1,242$947$714$534$226
25 years$1,529$1,165$877$652$481$194
26 years$1,454$1,095$813$596$433$167
27 years$1,385$1,031$755$546$390$144
28 years$1,322$971$702$500$352$124
29 years$1,262$916$653$459$318$107
30 years$1,207$865$609$421$287$92
31 years$1,155$818$567$387$260$80
32 years$1,107$774$529$355$235$69
33 years$1,062$733$494$327$213$59
34 years$1,019$695$462$301$193$51
35 years$979$659$432$277$174$44
36 years$942$625$404$255$158$38
37 years$906$594$378$235$143$33
38 years$873$565$354$216$130$29
39 years$841$537$332$200$118$25
40 years$811$511$311$184$107$21
41 years$782$486$291$170$97$18
42 years$755$463$273$157$88$16
43 years$729$441$257$145$80$14
44 years$705$421$241$134$72$12
45 years$681$401$226$123$66$10
46 years$659$383$212$114$60$9
47 years$637$365$200$105$54$8
48 years$617$348$188$97$49$7
49 years$598$333$176$90$45$6
50 years$579$318$166$83$41$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $593,000, adding $6,390 every year, while hoping to spend $25,134 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: 40/45/15 Blend
29$593,000$593,000$593,000$593,000
30$660,077$628,648$619,457$683,299
31$700,663$632,710$613,466$704,440
32$744,546$636,128$606,433$724,364
33$792,036$638,844$598,294$745,378
34$843,473$640,798$588,987$767,591
35$899,233$641,922$578,444$791,129
36$959,727$642,148$566,594$816,129
37$1,025,407$641,402$553,363$842,744
38$1,096,772$639,604$538,674$871,145
39$1,174,370$636,671$522,446$901,521
40$1,258,802$632,515$504,595$934,084
41$1,350,734$627,042$485,033$969,066
42$1,450,894$620,152$463,666$1,006,730
43$1,560,085$611,740$440,399$1,047,364
44$1,679,192$601,693$415,131$1,091,289
45$1,809,186$589,893$387,755$1,138,862
46$1,951,140$576,215$358,161$1,190,479
47$2,106,232$560,525$326,235$1,246,579
48$2,275,759$542,682$291,856$1,307,648
49$2,461,151$522,538$254,897$1,374,227
50$2,663,981$499,935$215,229$1,446,915
51$2,885,981$474,706$172,713$1,526,375
52$3,129,058$446,674$127,206$1,613,343
53$3,395,314$415,652$78,560$1,708,633
54$3,687,061$381,445$26,616$1,813,148
55$4,006,848$343,841$0$1,927,887
56$4,357,479$302,622$0$2,058,569
57$4,742,045$257,555$0$2,206,652
58$5,163,951$208,392$0$2,369,257
59$5,626,945$154,874$0$2,547,911
60$6,135,157$96,726$0$2,744,307
61$6,693,135$33,658$0$2,960,313
62$7,305,892$0$0$3,197,991
63$7,978,946$0$0$3,476,775
64$8,718,379$0$0$3,801,446
65$9,530,891$0$0$4,158,291
66$10,423,860$0$0$4,550,559
67$11,405,418$0$0$4,981,835
68$12,484,522$0$0$5,456,066
69$13,671,041$0$0$5,977,599
70$14,975,848$0$0$6,551,227
71$16,410,921$0$0$7,182,229
72$17,989,459$0$0$7,876,419
73$19,726,004$0$0$8,640,208
74$21,636,577$0$0$9,480,656
75$23,738,832$0$0$10,405,543
76$26,052,220$0$0$11,423,440
77$28,598,172$0$0$12,543,794
78$31,400,303$0$0$13,777,011
79$34,484,633$0$0$15,134,560
80$37,879,831$0$0$16,629,076
81$41,617,489$0$0$18,274,483
82$45,732,417$0$0$20,086,122
83$50,262,971$0$0$22,080,899
84$55,251,415$0$0$24,277,442
85$60,744,322$0$0$26,696,278
86$66,793,009$0$0$29,360,025
87$73,454,024$0$0$32,293,607
88$80,789,679$0$0$35,524,488
89$88,868,635$0$0$39,082,933
90$97,766,556$0$0$43,002,290
91$107,566,813$0$0$47,319,308
92$118,361,282$0$0$52,074,481
93$130,251,199$0$0$57,312,432
94$143,348,126$0$0$63,082,335
95$157,774,995$0$0$69,438,375
96$173,667,274$0$0$76,440,263
97$191,174,241$0$0$84,153,798
98$210,460,395$0$0$92,651,487
99$231,707,008$0$0$102,013,231
100$255,113,835$0$0$112,327,079