Can I retire at age 30 with 594,000?

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 $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%19.3%
1 years$49,052$48,615$48,189$47,773$47,366$45,595
2 years$24,283$23,831$23,393$22,968$22,555$20,791
3 years$16,028$15,574$15,137$14,716$14,310$12,608
4 years$11,901$11,448$11,016$10,602$10,206$8,580
5 years$9,426$8,976$8,549$8,143$7,758$6,212
6 years$7,776$7,329$6,908$6,512$6,139$4,673
7 years$6,598$6,155$5,741$5,354$4,993$3,607
8 years$5,715$5,276$4,869$4,491$4,142$2,836
9 years$5,029$4,594$4,193$3,826$3,488$2,259
10 years$4,480$4,049$3,656$3,298$2,972$1,818
11 years$4,031$3,605$3,219$2,870$2,556$1,475
12 years$3,657$3,235$2,856$2,517$2,215$1,204
13 years$3,341$2,924$2,552$2,222$1,932$987
14 years$3,071$2,658$2,293$1,973$1,693$813
15 years$2,836$2,428$2,070$1,759$1,491$671
16 years$2,632$2,228$1,877$1,575$1,318$556
17 years$2,451$2,051$1,708$1,415$1,168$461
18 years$2,291$1,896$1,559$1,276$1,039$383
19 years$2,148$1,757$1,427$1,153$926$319
20 years$2,019$1,633$1,310$1,044$827$266
21 years$1,902$1,521$1,205$947$740$222
22 years$1,797$1,420$1,111$861$663$185
23 years$1,701$1,328$1,025$785$595$155
24 years$1,612$1,244$948$716$535$129
25 years$1,531$1,167$878$653$482$108
26 years$1,457$1,097$815$597$434$90
27 years$1,388$1,033$756$547$391$76
28 years$1,324$973$703$501$353$63
29 years$1,264$918$654$460$319$53
30 years$1,209$867$610$422$288$44
31 years$1,157$819$568$387$260$37
32 years$1,109$775$530$356$235$31
33 years$1,064$734$495$327$213$26
34 years$1,021$696$463$301$193$22
35 years$981$660$432$277$175$18
36 years$943$626$405$255$158$15
37 years$908$595$379$235$144$13
38 years$874$565$355$217$130$11
39 years$842$538$332$200$118$9
40 years$812$512$311$184$107$8
41 years$783$487$292$170$97$6
42 years$756$464$274$157$88$5
43 years$730$442$257$145$80$4
44 years$706$421$241$134$73$4
45 years$682$402$227$124$66$3
46 years$660$383$213$114$60$3
47 years$639$366$200$105$54$2
48 years$618$349$188$97$49$2
49 years$599$333$177$90$45$2
50 years$580$318$166$83$41$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $594,000, adding $2,858 every year, while hoping to spend $46,856 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: 87/7/6 Blend
29$594,000$594,000$594,000$594,000
30$657,536$626,054$616,847$714,350
31$674,750$606,876$587,657$732,609
32$692,150$585,188$555,919$745,878
33$709,705$560,818$521,497$758,937
34$727,379$533,582$484,252$771,730
35$745,132$503,289$444,035$784,195
36$762,919$469,733$400,693$796,263
37$780,686$432,699$354,066$807,859
38$798,373$391,959$303,984$818,898
39$815,914$347,271$250,274$829,286
40$833,230$298,381$192,752$838,921
41$850,238$245,019$131,227$847,689
42$866,838$186,902$65,499$855,462
43$882,923$123,727$0$862,103
44$898,370$55,179$0$867,755
45$913,042$0$0$876,445
46$926,787$0$0$885,272
47$939,433$0$0$897,293
48$950,789$0$0$908,075
49$960,643$0$0$917,412
50$968,758$0$0$925,079
51$974,870$0$0$930,822
52$978,684$0$0$934,358
53$979,876$0$0$935,377
54$978,082$0$0$933,529
55$972,901$0$0$928,429
56$963,885$0$0$919,649
57$950,540$0$0$906,714
58$932,316$0$0$889,096
59$908,605$0$0$866,214
60$878,734$0$0$837,421
61$841,955$0$0$802,000
62$797,442$0$0$759,160
63$744,283$0$0$708,024
64$681,464$0$0$647,622
65$607,867$0$0$576,882
66$522,256$0$0$494,617
67$423,262$0$0$399,516
68$309,375$0$0$290,130
69$178,924$0$0$164,857
70$30,064$0$0$21,928
71$0$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0