Can I retire at age 30 with 594,000?

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 $594,000?

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$49,052$48,615$48,189$47,773$47,366$47,127
2 years$24,283$23,831$23,393$22,968$22,555$22,314
3 years$16,028$15,574$15,137$14,716$14,310$14,074
4 years$11,901$11,448$11,016$10,602$10,206$9,977
5 years$9,426$8,976$8,549$8,143$7,758$7,537
6 years$7,776$7,329$6,908$6,512$6,139$5,926
7 years$6,598$6,155$5,741$5,354$4,993$4,788
8 years$5,715$5,276$4,869$4,491$4,142$3,945
9 years$5,029$4,594$4,193$3,826$3,488$3,299
10 years$4,480$4,049$3,656$3,298$2,972$2,791
11 years$4,031$3,605$3,219$2,870$2,556$2,383
12 years$3,657$3,235$2,856$2,517$2,215$2,050
13 years$3,341$2,924$2,552$2,222$1,932$1,774
14 years$3,071$2,658$2,293$1,973$1,693$1,543
15 years$2,836$2,428$2,070$1,759$1,491$1,348
16 years$2,632$2,228$1,877$1,575$1,318$1,182
17 years$2,451$2,051$1,708$1,415$1,168$1,039
18 years$2,291$1,896$1,559$1,276$1,039$917
19 years$2,148$1,757$1,427$1,153$926$810
20 years$2,019$1,633$1,310$1,044$827$717
21 years$1,902$1,521$1,205$947$740$636
22 years$1,797$1,420$1,111$861$663$565
23 years$1,701$1,328$1,025$785$595$503
24 years$1,612$1,244$948$716$535$448
25 years$1,531$1,167$878$653$482$400
26 years$1,457$1,097$815$597$434$357
27 years$1,388$1,033$756$547$391$318
28 years$1,324$973$703$501$353$285
29 years$1,264$918$654$460$319$255
30 years$1,209$867$610$422$288$228
31 years$1,157$819$568$387$260$204
32 years$1,109$775$530$356$235$183
33 years$1,064$734$495$327$213$164
34 years$1,021$696$463$301$193$147
35 years$981$660$432$277$175$132
36 years$943$626$405$255$158$118
37 years$908$595$379$235$144$106
38 years$874$565$355$217$130$95
39 years$842$538$332$200$118$85
40 years$812$512$311$184$107$77
41 years$783$487$292$170$97$69
42 years$756$464$274$157$88$62
43 years$730$442$257$145$80$56
44 years$706$421$241$134$73$50
45 years$682$402$227$124$66$45
46 years$660$383$213$114$60$40
47 years$639$366$200$105$54$36
48 years$618$349$188$97$49$33
49 years$599$333$177$90$45$29
50 years$580$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 $594,000, adding $2,713 every year, while hoping to spend $30,505 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: 76/19/5 Blend
29$594,000$594,000$594,000$594,000
30$657,386$625,904$616,697$706,943
31$691,983$624,117$604,900$738,073
32$729,086$621,219$591,684$767,977
33$768,918$617,125$576,972$799,855
34$811,726$611,742$560,678$833,889
35$857,778$604,973$542,717$870,280
36$907,370$596,715$522,997$909,252
37$960,826$586,859$501,422$951,049
38$1,018,504$575,288$477,893$995,942
39$1,080,794$561,880$452,305$1,044,229
40$1,148,128$546,505$424,550$1,096,240
41$1,220,978$529,025$394,513$1,152,337
42$1,299,864$509,294$362,076$1,212,920
43$1,385,359$487,158$327,114$1,278,433
44$1,478,091$462,454$289,498$1,349,361
45$1,578,752$435,010$249,091$1,426,244
46$1,688,101$404,642$205,753$1,509,674
47$1,806,976$371,158$159,335$1,600,306
48$1,936,298$334,355$109,682$1,698,863
49$2,077,077$294,016$56,634$1,806,141
50$2,230,430$249,913$22$1,923,019
51$2,397,582$201,807$0$2,050,469
52$2,579,881$149,442$0$2,192,780
53$2,778,815$92,550$0$2,348,124
54$2,996,017$30,848$0$2,517,812
55$3,233,287$0$0$2,703,291
56$3,492,606$0$0$2,913,677
57$3,776,156$0$0$3,150,795
58$4,086,339$0$0$3,410,207
59$4,425,797$0$0$3,694,126
60$4,797,444$0$0$4,004,992
61$5,204,486$0$0$4,345,490
62$5,650,454$0$0$4,718,575
63$6,139,236$0$0$5,127,506
64$6,675,116$0$0$5,575,868
65$7,262,811$0$0$6,067,612
66$7,907,516$0$0$6,607,088
67$8,614,953$0$0$7,199,089
68$9,391,426$0$0$7,848,894
69$10,243,879$0$0$8,562,317
70$11,179,960$0$0$9,345,763
71$12,208,093$0$0$10,206,289
72$13,337,562$0$0$11,151,666
73$14,578,589$0$0$12,190,460
74$15,942,441$0$0$13,332,101
75$17,441,525$0$0$14,586,984
76$19,089,515$0$0$15,966,558
77$20,901,471$0$0$17,483,437
78$22,893,988$0$0$19,151,518
79$25,085,351$0$0$20,986,114
80$27,495,702$0$0$23,004,095
81$30,147,235$0$0$25,224,049
82$33,064,405$0$0$27,666,453
83$36,274,153$0$0$30,353,874
84$39,806,168$0$0$33,311,173
85$43,693,157$0$0$36,565,745
86$47,971,162$0$0$40,147,773
87$52,679,894$0$0$44,090,516
88$57,863,111$0$0$48,430,620
89$63,569,027$0$0$53,208,466
90$69,850,769$0$0$58,468,546
91$76,766,876$0$0$64,259,889
92$84,381,852$0$0$70,636,516
93$92,766,776$0$0$77,657,956
94$101,999,968$0$0$85,389,802
95$112,167,732$0$0$93,904,336
96$123,365,167$0$0$103,281,202
97$135,697,064$0$0$113,608,165
98$149,278,897$0$0$124,981,936
99$164,237,910$0$0$137,509,081
100$180,714,318$0$0$151,307,034