Can I retire at age 30 with 596,000?

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 $596,000?

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$49,217$48,779$48,351$47,934$47,526$47,326
2 years$24,365$23,911$23,471$23,045$22,631$22,429
3 years$16,082$15,626$15,188$14,765$14,358$14,160
4 years$11,941$11,487$11,053$10,637$10,240$10,048
5 years$9,457$9,006$8,577$8,171$7,785$7,599
6 years$7,802$7,354$6,932$6,534$6,160$5,981
7 years$6,620$6,176$5,760$5,372$5,009$4,837
8 years$5,734$5,294$4,885$4,506$4,156$3,991
9 years$5,046$4,609$4,208$3,839$3,500$3,341
10 years$4,495$4,063$3,668$3,309$2,982$2,830
11 years$4,045$3,617$3,230$2,880$2,565$2,419
12 years$3,670$3,246$2,866$2,526$2,222$2,084
13 years$3,353$2,934$2,561$2,230$1,938$1,806
14 years$3,081$2,667$2,301$1,980$1,699$1,573
15 years$2,846$2,436$2,077$1,765$1,496$1,376
16 years$2,641$2,235$1,883$1,581$1,322$1,208
17 years$2,459$2,058$1,714$1,420$1,172$1,063
18 years$2,299$1,902$1,564$1,280$1,042$939
19 years$2,155$1,763$1,432$1,157$929$831
20 years$2,026$1,638$1,314$1,047$830$737
21 years$1,909$1,526$1,209$951$743$655
22 years$1,803$1,424$1,114$864$666$583
23 years$1,706$1,332$1,029$787$597$519
24 years$1,618$1,248$951$718$537$463
25 years$1,537$1,171$881$656$483$414
26 years$1,462$1,101$817$600$435$370
27 years$1,393$1,036$759$549$392$331
28 years$1,328$976$706$503$354$296
29 years$1,269$921$657$461$320$265
30 years$1,213$870$612$423$289$238
31 years$1,161$822$570$389$261$213
32 years$1,113$778$532$357$236$191
33 years$1,067$737$497$328$214$172
34 years$1,025$698$464$302$194$154
35 years$984$662$434$278$175$139
36 years$947$629$406$256$159$124
37 years$911$597$380$236$144$112
38 years$877$567$356$218$131$101
39 years$845$540$333$201$118$90
40 years$815$513$312$185$107$81
41 years$786$489$293$171$97$73
42 years$759$465$275$158$88$66
43 years$733$443$258$145$80$59
44 years$708$423$242$134$73$53
45 years$685$403$227$124$66$48
46 years$662$384$213$115$60$43
47 years$641$367$201$106$55$39
48 years$620$350$188$98$49$35
49 years$601$334$177$90$45$31
50 years$582$320$167$84$41$28

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $596,000, adding $4,561 every year, while hoping to spend $41,805 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: 43/38/19 Blend
29$596,000$596,000$596,000$596,000
30$661,497$629,909$620,671$686,105
31$684,489$616,294$596,983$690,308
32$708,426$600,611$571,101$690,413
33$733,359$582,714$542,906$689,657
34$759,344$562,450$512,276$687,980
35$786,442$539,655$479,082$685,322
36$814,717$514,157$443,190$681,618
37$844,241$485,773$404,459$676,801
38$875,089$454,311$362,744$670,802
39$907,342$419,566$317,889$663,547
40$941,089$381,323$269,737$654,962
41$976,426$339,354$218,119$644,969
42$1,013,457$293,418$162,862$633,486
43$1,052,294$243,260$103,782$620,430
44$1,093,060$188,611$40,691$605,715
45$1,135,887$129,188$0$589,250
46$1,180,919$64,691$0$576,345
47$1,228,314$0$0$570,660
48$1,278,242$0$0$566,057
49$1,330,888$0$0$589,755
50$1,386,456$0$0$614,798
51$1,445,165$0$0$641,290
52$1,507,258$0$0$669,342
53$1,572,997$0$0$699,079
54$1,642,669$0$0$730,636
55$1,716,589$0$0$764,159
56$1,795,098$0$0$799,809
57$1,878,574$0$0$837,764
58$1,967,425$0$0$878,217
59$2,062,103$0$0$921,377
60$2,163,099$0$0$967,478
61$2,270,952$0$0$1,016,774
62$2,386,253$0$0$1,069,541
63$2,509,651$0$0$1,126,086
64$2,641,855$0$0$1,186,744
65$2,783,645$0$0$1,251,881
66$2,935,875$0$0$1,321,901
67$3,099,485$0$0$1,397,246
68$3,275,503$0$0$1,478,402
69$3,465,061$0$0$1,565,904
70$3,669,401$0$0$1,660,337
71$3,889,887$0$0$1,762,345
72$4,128,018$0$0$1,872,637
73$4,385,442$0$0$1,991,991
74$4,663,968$0$0$2,121,261
75$4,965,587$0$0$2,261,389
76$5,292,487$0$0$2,413,408
77$5,647,074$0$0$2,578,456
78$6,031,993$0$0$2,757,784
79$6,450,155$0$0$2,952,767
80$6,904,760$0$0$3,164,920
81$7,399,331$0$0$3,395,908
82$7,937,743$0$0$3,647,564
83$8,524,258$0$0$3,921,905
84$9,163,569$0$0$4,221,151
85$9,860,840$0$0$4,547,745
86$10,621,754$0$0$4,904,377
87$11,452,566$0$0$5,294,007
88$12,360,165$0$0$5,719,895
89$13,352,131$0$0$6,185,630
90$14,436,811$0$0$6,695,162
91$15,623,396$0$0$7,252,842
92$16,922,004$0$0$7,863,461
93$18,343,779$0$0$8,532,294
94$19,900,989$0$0$9,265,151
95$21,607,150$0$0$10,068,431
96$23,477,140$0$0$10,949,179
97$25,527,351$0$0$11,915,157
98$27,775,832$0$0$12,974,914
99$30,242,466$0$0$14,137,865
100$32,949,153$0$0$15,414,381