Can I retire at age 30 with 598,000?

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 $598,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$49,382$48,942$48,513$48,094$47,685$46,857
2 years$24,447$23,991$23,550$23,122$22,707$21,875
3 years$16,136$15,679$15,238$14,815$14,406$13,597
4 years$11,981$11,525$11,090$10,673$10,275$9,494
5 years$9,489$9,036$8,606$8,198$7,811$7,061
6 years$7,828$7,379$6,955$6,556$6,180$5,462
7 years$6,643$6,197$5,780$5,390$5,026$4,340
8 years$5,754$5,312$4,902$4,522$4,170$3,515
9 years$5,062$4,625$4,222$3,851$3,512$2,888
10 years$4,510$4,076$3,681$3,320$2,992$2,400
11 years$4,058$3,629$3,240$2,889$2,573$2,011
12 years$3,682$3,257$2,876$2,534$2,230$1,697
13 years$3,364$2,944$2,569$2,237$1,945$1,440
14 years$3,091$2,676$2,308$1,986$1,705$1,228
15 years$2,856$2,444$2,084$1,771$1,501$1,051
16 years$2,649$2,243$1,890$1,586$1,326$903
17 years$2,468$2,065$1,720$1,425$1,176$778
18 years$2,306$1,908$1,570$1,284$1,046$671
19 years$2,162$1,769$1,437$1,160$932$580
20 years$2,032$1,644$1,319$1,051$833$503
21 years$1,915$1,531$1,213$954$745$436
22 years$1,809$1,429$1,118$867$668$379
23 years$1,712$1,337$1,032$790$599$329
24 years$1,623$1,252$955$720$539$287
25 years$1,542$1,175$884$658$485$250
26 years$1,467$1,105$820$602$437$218
27 years$1,397$1,039$762$551$394$190
28 years$1,333$979$708$504$355$166
29 years$1,273$924$659$463$321$145
30 years$1,217$873$614$425$290$126
31 years$1,165$825$572$390$262$110
32 years$1,117$781$534$358$237$96
33 years$1,071$739$498$330$215$84
34 years$1,028$701$466$303$194$74
35 years$988$665$435$279$176$64
36 years$950$631$407$257$159$56
37 years$914$599$381$237$144$49
38 years$880$569$357$218$131$43
39 years$848$541$334$201$119$38
40 years$818$515$313$186$108$33
41 years$789$490$294$171$98$29
42 years$761$467$276$158$89$25
43 years$735$445$259$146$80$22
44 years$711$424$243$135$73$19
45 years$687$404$228$124$66$17
46 years$664$386$214$115$60$15
47 years$643$368$201$106$55$13
48 years$622$351$189$98$50$11
49 years$603$336$178$91$45$10
50 years$584$321$167$84$41$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $598,000, adding $2,469 every year, while hoping to spend $45,003 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: 72/6/22 Blend
29$598,000$598,000$598,000$598,000
30$661,543$629,849$620,580$705,425
31$681,137$612,829$593,486$717,964
32$701,222$593,466$563,977$726,098
33$721,800$571,599$531,923$733,891
34$742,872$547,055$497,191$741,303
35$764,437$519,654$459,640$748,290
36$786,495$489,202$419,123$754,806
37$809,042$455,497$375,487$760,800
38$832,071$418,324$328,573$766,218
39$855,576$377,455$278,214$771,002
40$879,544$332,650$224,234$775,088
41$903,964$283,656$166,452$778,409
42$928,818$230,205$104,678$780,891
43$954,085$172,012$38,712$782,456
44$979,741$108,781$0$783,017
45$1,005,757$40,193$0$789,921
46$1,032,098$0$0$805,812
47$1,058,724$0$0$823,788
48$1,085,588$0$0$844,592
49$1,112,638$0$0$865,526
50$1,139,810$0$0$886,541
51$1,167,035$0$0$907,581
52$1,194,232$0$0$928,581
53$1,221,310$0$0$949,468
54$1,248,166$0$0$970,160
55$1,274,683$0$0$990,564
56$1,300,730$0$0$1,010,575
57$1,326,159$0$0$1,030,075
58$1,350,804$0$0$1,048,931
59$1,374,477$0$0$1,066,995
60$1,396,971$0$0$1,084,100
61$1,418,051$0$0$1,100,060
62$1,437,457$0$0$1,114,667
63$1,454,897$0$0$1,127,690
64$1,470,048$0$0$1,138,871
65$1,482,546$0$0$1,147,920
66$1,491,990$0$0$1,154,519
67$1,497,931$0$0$1,158,310
68$1,499,871$0$0$1,158,898
69$1,497,257$0$0$1,155,843
70$1,489,476$0$0$1,148,656
71$1,475,845$0$0$1,136,797
72$1,455,608$0$0$1,119,663
73$1,427,928$0$0$1,096,589
74$1,391,876$0$0$1,066,838
75$1,346,423$0$0$1,029,591
76$1,290,430$0$0$983,945
77$1,222,635$0$0$928,896
78$1,141,644$0$0$863,337
79$1,045,913$0$0$786,041
80$933,733$0$0$695,653
81$803,216$0$0$590,672
82$652,276$0$0$469,441
83$478,604$0$0$330,127
84$279,652$0$0$170,707
85$52,601$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0