Can I retire at age 30 with 597,000?

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 $597,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$49,300$48,861$48,432$48,014$47,606$46,644
2 years$24,406$23,951$23,511$23,084$22,669$21,705
3 years$16,109$15,652$15,213$14,790$14,382$13,445
4 years$11,961$11,506$11,071$10,655$10,258$9,355
5 years$9,473$9,021$8,592$8,184$7,798$6,932
6 years$7,815$7,366$6,943$6,545$6,170$5,342
7 years$6,631$6,186$5,770$5,381$5,018$4,228
8 years$5,744$5,303$4,893$4,514$4,163$3,411
9 years$5,054$4,617$4,215$3,845$3,506$2,791
10 years$4,502$4,070$3,674$3,314$2,987$2,309
11 years$4,051$3,623$3,235$2,885$2,569$1,926
12 years$3,676$3,252$2,871$2,530$2,226$1,618
13 years$3,358$2,939$2,565$2,234$1,941$1,367
14 years$3,086$2,671$2,305$1,983$1,702$1,160
15 years$2,851$2,440$2,081$1,768$1,498$988
16 years$2,645$2,239$1,887$1,583$1,324$845
17 years$2,463$2,062$1,717$1,423$1,174$724
18 years$2,302$1,905$1,567$1,282$1,044$621
19 years$2,158$1,766$1,435$1,158$931$535
20 years$2,029$1,641$1,317$1,049$831$461
21 years$1,912$1,528$1,211$952$744$398
22 years$1,806$1,427$1,116$866$667$343
23 years$1,709$1,334$1,031$788$598$297
24 years$1,621$1,250$953$719$538$257
25 years$1,539$1,173$883$657$484$223
26 years$1,464$1,103$819$601$436$193
27 years$1,395$1,038$760$550$393$167
28 years$1,331$978$707$504$355$145
29 years$1,271$922$658$462$320$126
30 years$1,215$871$613$424$289$109
31 years$1,163$824$571$389$262$95
32 years$1,115$779$533$358$237$83
33 years$1,069$738$498$329$214$72
34 years$1,026$699$465$303$194$62
35 years$986$663$435$279$176$54
36 years$948$630$407$257$159$47
37 years$912$598$381$236$144$41
38 years$879$568$356$218$131$36
39 years$847$540$334$201$119$31
40 years$816$514$313$185$108$27
41 years$787$489$293$171$98$23
42 years$760$466$275$158$89$20
43 years$734$444$258$146$80$18
44 years$709$423$242$135$73$15
45 years$686$404$228$124$66$13
46 years$663$385$214$115$60$12
47 years$642$368$201$106$55$10
48 years$621$351$189$98$50$9
49 years$602$335$177$91$45$8
50 years$583$320$167$84$41$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $597,000, adding $2,301 every year, while hoping to spend $31,272 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: 69/17/14 Blend
29$597,000$597,000$597,000$597,000
30$660,267$628,626$619,373$703,576
31$694,342$626,156$606,849$730,206
32$730,843$622,516$592,857$755,375
33$769,987$617,617$577,315$782,107
34$812,008$611,363$560,138$810,551
35$857,165$603,652$541,235$840,873
36$905,741$594,376$520,511$873,256
37$958,048$583,423$497,870$907,902
38$1,014,429$570,669$473,208$945,035
39$1,075,257$555,989$446,418$984,902
40$1,140,947$539,246$417,386$1,027,777
41$1,211,952$520,298$385,997$1,073,963
42$1,288,770$498,991$352,127$1,123,793
43$1,371,949$475,166$315,648$1,177,637
44$1,462,092$448,654$276,426$1,235,903
45$1,559,861$419,273$234,322$1,299,044
46$1,665,984$386,835$189,189$1,367,558
47$1,781,263$351,138$140,875$1,441,997
48$1,906,579$311,971$89,222$1,522,970
49$2,042,902$269,109$34,062$1,611,150
50$2,191,297$222,315$0$1,707,281
51$2,352,940$171,339$0$1,815,891
52$2,529,121$115,916$0$1,939,853
53$2,721,262$55,766$0$2,075,104
54$2,930,928$0$0$2,222,781
55$3,159,842$0$0$2,385,897
56$3,409,897$0$0$2,575,506
57$3,683,183$0$0$2,782,762
58$3,981,997$0$0$3,009,411
59$4,308,868$0$0$3,257,377
60$4,666,582$0$0$3,528,777
61$5,058,207$0$0$3,825,943
62$5,487,120$0$0$4,151,443
63$5,957,040$0$0$4,508,105
64$6,472,065$0$0$4,899,042
65$7,036,706$0$0$5,327,685
66$7,655,932$0$0$5,797,811
67$8,335,215$0$0$6,313,580
68$9,080,585$0$0$6,879,577
69$9,898,679$0$0$7,500,849
70$10,796,814$0$0$8,182,957
71$11,783,045$0$0$8,932,025
72$12,866,248$0$0$9,754,803
73$14,056,200$0$0$10,658,722
74$15,363,671$0$0$11,651,973
75$16,800,526$0$0$12,743,576
76$18,379,839$0$0$13,943,471
77$20,116,009$0$0$15,262,606
78$22,024,904$0$0$16,713,045
79$24,124,003$0$0$18,308,080
80$26,432,567$0$0$20,062,352
81$28,971,813$0$0$21,991,996
82$31,765,120$0$0$24,114,787
83$34,838,248$0$0$26,450,311
84$38,219,577$0$0$29,020,146
85$41,940,378$0$0$31,848,069
86$46,035,106$0$0$34,960,278
87$50,541,727$0$0$38,385,639
88$55,502,070$0$0$42,155,959
89$60,962,229$0$0$46,306,283
90$66,972,990$0$0$50,875,229
91$73,590,317$0$0$55,905,346
92$80,875,872$0$0$61,443,522
93$88,897,604$0$0$67,541,421
94$97,730,382$0$0$74,255,971
95$107,456,709$0$0$81,649,903
96$118,167,492$0$0$89,792,340
97$129,962,907$0$0$98,759,452
98$142,953,337$0$0$108,635,170
99$157,260,418$0$0$119,511,983
100$173,018,186$0$0$131,491,805