Can I retire at age 30 with 595,000?

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 $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%12.6%
1 years$49,135$48,697$48,270$47,853$47,446$46,931
2 years$24,324$23,871$23,432$23,006$22,593$22,075
3 years$16,055$15,600$15,162$14,740$14,334$13,828
4 years$11,921$11,468$11,034$10,620$10,223$9,734
5 years$9,442$8,991$8,563$8,157$7,772$7,300
6 years$7,789$7,342$6,920$6,523$6,149$5,696
7 years$6,609$6,165$5,751$5,363$5,001$4,567
8 years$5,725$5,285$4,877$4,499$4,149$3,733
9 years$5,037$4,602$4,201$3,832$3,494$3,096
10 years$4,487$4,056$3,662$3,303$2,977$2,598
11 years$4,038$3,611$3,224$2,875$2,560$2,199
12 years$3,663$3,241$2,861$2,522$2,219$1,875
13 years$3,347$2,929$2,556$2,226$1,935$1,608
14 years$3,076$2,662$2,297$1,976$1,696$1,386
15 years$2,841$2,432$2,074$1,762$1,493$1,199
16 years$2,636$2,231$1,880$1,578$1,320$1,042
17 years$2,455$2,055$1,711$1,418$1,170$907
18 years$2,295$1,899$1,562$1,278$1,041$792
19 years$2,151$1,760$1,430$1,155$927$693
20 years$2,022$1,635$1,312$1,046$828$607
21 years$1,906$1,523$1,207$949$741$533
22 years$1,800$1,422$1,112$863$664$469
23 years$1,703$1,330$1,027$786$596$413
24 years$1,615$1,246$950$717$536$364
25 years$1,534$1,169$880$655$482$321
26 years$1,459$1,099$816$599$435$283
27 years$1,390$1,034$758$548$392$250
28 years$1,326$975$704$502$354$221
29 years$1,267$919$655$460$319$196
30 years$1,211$868$611$422$288$173
31 years$1,159$821$569$388$261$153
32 years$1,111$777$531$357$236$136
33 years$1,066$735$496$328$213$120
34 years$1,023$697$463$302$193$106
35 years$983$661$433$278$175$94
36 years$945$628$405$256$159$84
37 years$909$596$379$236$144$74
38 years$876$566$355$217$130$66
39 years$844$539$333$200$118$58
40 years$813$512$312$185$107$52
41 years$785$488$292$170$97$46
42 years$758$465$274$157$88$41
43 years$732$443$257$145$80$36
44 years$707$422$242$134$73$32
45 years$683$402$227$124$66$28
46 years$661$384$213$114$60$25
47 years$640$366$200$106$54$22
48 years$619$350$188$98$49$20
49 years$600$334$177$90$45$18
50 years$581$319$166$83$41$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $595,000, adding $5,426 every year, while hoping to spend $21,203 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: 87/8/5 Blend
29$595,000$595,000$595,000$595,000
30$661,287$629,752$620,529$718,389
31$706,178$638,050$618,757$764,689
32$754,938$646,044$616,215$812,043
33$807,938$653,697$612,855$863,395
34$865,588$660,968$608,626$919,129
35$928,339$667,816$603,475$979,673
36$996,685$674,195$597,348$1,045,494
37$1,071,174$680,057$590,185$1,117,109
38$1,152,403$685,350$581,927$1,195,085
39$1,241,036$690,019$572,508$1,280,049
40$1,337,798$694,006$561,864$1,372,689
41$1,443,490$697,250$549,923$1,473,764
42$1,558,994$699,683$536,614$1,584,111
43$1,685,280$701,236$521,859$1,704,648
44$1,823,416$701,834$505,578$1,836,391
45$1,974,579$701,398$487,689$1,980,455
46$2,140,062$699,843$468,104$2,138,072
47$2,321,294$697,081$446,730$2,310,597
48$2,519,844$693,016$423,474$2,499,522
49$2,737,442$687,548$398,234$2,706,492
50$2,975,994$680,569$370,907$2,933,321
51$3,237,596$671,969$341,384$3,182,003
52$3,524,561$661,625$309,550$3,454,739
53$3,839,432$649,411$275,287$3,753,952
54$4,185,015$635,193$238,470$4,082,313
55$4,564,397$618,828$198,969$4,442,764
56$4,980,981$600,165$156,649$4,838,547
57$5,438,512$579,045$111,368$5,273,234
58$5,941,120$555,298$62,979$5,750,761
59$6,493,353$528,746$11,327$6,275,466
60$7,100,219$499,199$0$6,852,128
61$7,767,240$466,457$0$7,488,349
62$8,500,494$430,310$0$8,188,392
63$9,306,682$390,532$0$8,958,058
64$10,193,183$346,888$0$9,804,402
65$11,168,130$299,128$0$10,735,199
66$12,240,482$246,988$0$11,759,017
67$13,420,110$190,189$0$12,885,297
68$14,717,890$128,437$0$14,124,440
69$16,145,804$61,420$0$15,487,910
70$17,717,056$0$0$16,988,337
71$19,446,194$0$0$18,640,626
72$21,349,247$0$0$20,465,057
73$23,443,877$0$0$22,473,158
74$25,749,544$0$0$24,683,586
75$28,287,693$0$0$27,116,900
76$31,081,952$0$0$29,795,753
77$34,158,356$0$0$32,745,106
78$37,545,594$0$0$35,992,464
79$41,275,277$0$0$39,568,134
80$45,382,239$0$0$43,505,513
81$49,904,862$0$0$47,841,399
82$54,885,443$0$0$52,616,343
83$60,370,587$0$0$57,875,027
84$66,411,651$0$0$63,666,690
85$73,065,226$0$0$70,045,587
86$80,393,673$0$0$77,071,505
87$88,465,709$0$0$84,810,327
88$97,357,057$0$0$93,334,652
89$107,151,159$0$0$102,724,478
90$117,939,966$0$0$113,067,961
91$129,824,802$0$0$124,462,246
92$142,917,322$0$0$137,014,380
93$157,340,567$0$0$150,842,327
94$173,230,121$0$0$166,076,078
95$190,735,396$0$0$182,858,879
96$210,021,037$0$0$201,348,580
97$231,268,477$0$0$221,719,132
98$254,677,654$0$0$244,162,219
99$280,468,890$0$0$268,889,074
100$308,884,977$0$0$296,132,471