Can I retire at age 30 with 595,000?

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 $595,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$49,135$48,697$48,270$47,853$47,446$47,246
2 years$24,324$23,871$23,432$23,006$22,593$22,392
3 years$16,055$15,600$15,162$14,740$14,334$14,137
4 years$11,921$11,468$11,034$10,620$10,223$10,032
5 years$9,442$8,991$8,563$8,157$7,772$7,586
6 years$7,789$7,342$6,920$6,523$6,149$5,971
7 years$6,609$6,165$5,751$5,363$5,001$4,829
8 years$5,725$5,285$4,877$4,499$4,149$3,984
9 years$5,037$4,602$4,201$3,832$3,494$3,336
10 years$4,487$4,056$3,662$3,303$2,977$2,825
11 years$4,038$3,611$3,224$2,875$2,560$2,415
12 years$3,663$3,241$2,861$2,522$2,219$2,080
13 years$3,347$2,929$2,556$2,226$1,935$1,802
14 years$3,076$2,662$2,297$1,976$1,696$1,570
15 years$2,841$2,432$2,074$1,762$1,493$1,373
16 years$2,636$2,231$1,880$1,578$1,320$1,206
17 years$2,455$2,055$1,711$1,418$1,170$1,062
18 years$2,295$1,899$1,562$1,278$1,041$938
19 years$2,151$1,760$1,430$1,155$927$830
20 years$2,022$1,635$1,312$1,046$828$736
21 years$1,906$1,523$1,207$949$741$654
22 years$1,800$1,422$1,112$863$664$582
23 years$1,703$1,330$1,027$786$596$518
24 years$1,615$1,246$950$717$536$462
25 years$1,534$1,169$880$655$482$413
26 years$1,459$1,099$816$599$435$369
27 years$1,390$1,034$758$548$392$330
28 years$1,326$975$704$502$354$296
29 years$1,267$919$655$460$319$265
30 years$1,211$868$611$422$288$237
31 years$1,159$821$569$388$261$213
32 years$1,111$777$531$357$236$191
33 years$1,066$735$496$328$213$171
34 years$1,023$697$463$302$193$154
35 years$983$661$433$278$175$138
36 years$945$628$405$256$159$124
37 years$909$596$379$236$144$112
38 years$876$566$355$217$130$100
39 years$844$539$333$200$118$90
40 years$813$512$312$185$107$81
41 years$785$488$292$170$97$73
42 years$758$465$274$157$88$66
43 years$732$443$257$145$80$59
44 years$707$422$242$134$73$53
45 years$683$402$227$124$66$48
46 years$661$384$213$114$60$43
47 years$640$366$200$106$54$39
48 years$619$350$188$98$49$35
49 years$600$334$177$90$45$31
50 years$581$319$166$83$41$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $595,000, adding $2,017 every year, while hoping to spend $22,161 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: 57/27/16 Blend
29$595,000$595,000$595,000$595,000
30$657,771$626,236$617,013$692,410
31$701,284$633,342$614,104$723,243
32$748,493$640,054$610,354$754,235
33$799,751$646,328$605,713$787,501
34$855,448$652,120$600,126$823,263
35$916,010$657,381$593,537$861,768
36$981,909$662,058$585,886$903,286
37$1,053,662$666,097$577,112$948,116
38$1,131,839$669,440$567,149$996,590
39$1,217,067$672,023$555,929$1,049,073
40$1,310,037$673,781$543,382$1,105,967
41$1,411,508$674,644$529,432$1,167,718
42$1,522,316$674,536$514,003$1,234,817
43$1,643,382$673,377$497,011$1,307,805
44$1,775,719$671,085$478,373$1,387,283
45$1,920,443$667,568$457,999$1,473,910
46$2,078,782$662,733$435,796$1,568,416
47$2,252,088$656,478$411,666$1,671,606
48$2,441,853$648,696$385,508$1,784,368
49$2,649,714$639,275$357,215$1,907,684
50$2,877,480$628,094$326,676$2,042,636
51$3,127,138$615,027$293,776$2,190,418
52$3,400,881$599,938$258,392$2,352,348
53$3,701,121$582,685$220,398$2,529,881
54$4,030,516$563,117$179,662$2,724,621
55$4,391,994$541,075$136,046$2,938,340
56$4,788,778$516,389$89,405$3,172,992
57$5,224,422$488,880$39,588$3,430,733
58$5,702,838$458,360$0$3,713,940
59$6,228,337$424,629$0$4,027,555
60$6,805,666$387,475$0$4,379,519
61$7,440,058$346,674$0$4,766,288
62$8,137,274$301,991$0$5,191,414
63$8,903,663$253,176$0$5,658,816
64$9,746,220$199,966$0$6,172,811
65$10,672,651$142,081$0$6,738,162
66$11,691,446$79,227$0$7,360,117
67$12,811,959$11,095$0$8,044,464
68$14,044,496$0$0$8,797,583
69$15,400,412$0$0$9,645,122
70$16,892,217$0$0$10,581,287
71$18,533,697$0$0$11,611,440
72$20,340,040$0$0$12,745,122
73$22,327,981$0$0$13,992,842
74$24,515,959$0$0$15,366,182
75$26,924,293$0$0$16,877,905
76$29,575,370$0$0$18,542,071
77$32,493,857$0$0$20,374,175
78$35,706,937$0$0$22,391,288
79$39,244,560$0$0$24,612,225
80$43,139,730$0$0$27,057,713
81$47,428,812$0$0$29,750,594
82$52,151,878$0$0$32,716,039
83$57,353,085$0$0$35,981,782
84$63,081,090$0$0$39,578,385
85$69,389,507$0$0$43,539,525
86$76,337,419$0$0$47,902,312
87$83,989,928$0$0$52,707,638
88$92,418,775$0$0$58,000,566
89$101,703,013$0$0$63,830,750
90$111,929,756$0$0$70,252,907
91$123,194,997$0$0$77,327,334
92$135,604,518$0$0$85,120,475
93$149,274,884$0$0$93,705,547
94$164,334,547$0$0$103,163,234
95$180,925,054$0$0$113,582,446
96$199,202,388$0$0$125,061,160
97$219,338,433$0$0$137,707,342
98$241,522,602$0$0$151,639,967
99$265,963,624$0$0$166,990,145
100$292,891,511$0$0$183,902,352