Can I retire at age 30 with 596,000?

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 $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%18.4%
1 years$49,217$48,779$48,351$47,934$47,526$45,913
2 years$24,365$23,911$23,471$23,045$22,631$21,022
3 years$16,082$15,626$15,188$14,765$14,358$12,804
4 years$11,941$11,487$11,053$10,637$10,240$8,753
5 years$9,457$9,006$8,577$8,171$7,785$6,367
6 years$7,802$7,354$6,932$6,534$6,160$4,814
7 years$6,620$6,176$5,760$5,372$5,009$3,735
8 years$5,734$5,294$4,885$4,506$4,156$2,952
9 years$5,046$4,609$4,208$3,839$3,500$2,365
10 years$4,495$4,063$3,668$3,309$2,982$1,914
11 years$4,045$3,617$3,230$2,880$2,565$1,561
12 years$3,670$3,246$2,866$2,526$2,222$1,282
13 years$3,353$2,934$2,561$2,230$1,938$1,058
14 years$3,081$2,667$2,301$1,980$1,699$876
15 years$2,846$2,436$2,077$1,765$1,496$728
16 years$2,641$2,235$1,883$1,581$1,322$607
17 years$2,459$2,058$1,714$1,420$1,172$507
18 years$2,299$1,902$1,564$1,280$1,042$424
19 years$2,155$1,763$1,432$1,157$929$356
20 years$2,026$1,638$1,314$1,047$830$298
21 years$1,909$1,526$1,209$951$743$251
22 years$1,803$1,424$1,114$864$666$211
23 years$1,706$1,332$1,029$787$597$177
24 years$1,618$1,248$951$718$537$149
25 years$1,537$1,171$881$656$483$126
26 years$1,462$1,101$817$600$435$106
27 years$1,393$1,036$759$549$392$89
28 years$1,328$976$706$503$354$75
29 years$1,269$921$657$461$320$64
30 years$1,213$870$612$423$289$54
31 years$1,161$822$570$389$261$45
32 years$1,113$778$532$357$236$38
33 years$1,067$737$497$328$214$32
34 years$1,025$698$464$302$194$27
35 years$984$662$434$278$175$23
36 years$947$629$406$256$159$19
37 years$911$597$380$236$144$16
38 years$877$567$356$218$131$14
39 years$845$540$333$201$118$12
40 years$815$513$312$185$107$10
41 years$786$489$293$171$97$8
42 years$759$465$275$158$88$7
43 years$733$443$258$145$80$6
44 years$708$423$242$134$73$5
45 years$685$403$227$124$66$4
46 years$662$384$213$115$60$4
47 years$641$367$201$106$55$3
48 years$620$350$188$98$49$3
49 years$601$334$177$90$45$2
50 years$582$320$167$84$41$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $596,000, adding $3,215 every year, while hoping to spend $38,479 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: 31/39/30 Blend
29$596,000$596,000$596,000$596,000
30$660,108$628,520$619,282$674,447
31$686,498$618,376$599,087$675,741
32$714,290$606,446$576,925$673,561
33$743,586$592,600$552,691$670,472
34$774,498$576,704$526,273$666,422
35$807,148$558,614$497,554$661,356
36$841,669$538,177$466,413$655,222
37$878,204$515,233$432,723$647,962
38$916,912$489,611$396,351$639,521
39$957,967$461,132$357,158$629,840
40$1,001,556$429,604$315,000$618,862
41$1,047,886$394,826$269,724$606,527
42$1,097,184$356,585$221,173$592,777
43$1,149,696$314,657$169,181$577,553
44$1,205,693$268,803$113,577$560,797
45$1,265,471$218,773$54,179$542,452
46$1,329,356$164,299$0$522,462
47$1,397,704$105,104$0$503,720
48$1,470,905$40,889$0$501,928
49$1,549,388$0$0$499,743
50$1,633,622$0$0$509,487
51$1,724,123$0$0$538,873
52$1,821,457$0$0$570,546
53$1,926,245$0$0$604,715
54$2,039,171$0$0$641,613
55$2,160,983$0$0$681,493
56$2,292,505$0$0$724,637
57$2,434,642$0$0$771,350
58$2,588,388$0$0$821,971
59$2,754,837$0$0$876,872
60$2,935,191$0$0$936,461
61$3,130,770$0$0$1,001,187
62$3,343,029$0$0$1,071,546
63$3,573,565$0$0$1,148,081
64$3,824,136$0$0$1,231,391
65$4,096,677$0$0$1,322,133
66$4,393,315$0$0$1,421,033
67$4,716,391$0$0$1,528,889
68$5,068,483$0$0$1,646,577
69$5,452,425$0$0$1,775,064
70$5,871,338$0$0$1,915,414
71$6,328,657$0$0$2,068,798
72$6,828,164$0$0$2,236,503
73$7,374,021$0$0$2,419,951
74$7,970,811$0$0$2,620,703
75$8,623,580$0$0$2,840,480
76$9,337,884$0$0$3,081,176
77$10,119,839$0$0$3,344,880
78$10,976,183$0$0$3,633,888
79$11,914,333$0$0$3,950,731
80$12,942,460$0$0$4,298,197
81$14,069,562$0$0$4,679,357
82$15,305,547$0$0$5,097,591
83$16,661,331$0$0$5,556,624
84$18,148,935$0$0$6,060,560
85$19,781,601$0$0$6,613,918
86$21,573,916$0$0$7,221,677
87$23,541,947$0$0$7,889,321
88$25,703,393$0$0$8,622,892
89$28,077,752$0$0$9,429,047
90$30,686,502$0$0$10,315,117
91$33,553,307$0$0$11,289,183
92$36,704,235$0$0$12,360,144
93$40,168,004$0$0$13,537,806
94$43,976,256$0$0$14,832,973
95$48,163,850$0$0$16,257,548
96$52,769,192$0$0$17,824,645
97$57,834,597$0$0$19,548,714
98$63,406,686$0$0$21,445,676
99$69,536,827$0$0$23,533,072
100$76,281,615$0$0$25,830,230