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%19.6%
1 years$49,382$48,942$48,513$48,094$47,685$45,848
2 years$24,447$23,991$23,550$23,122$22,707$20,878
3 years$16,136$15,679$15,238$14,815$14,406$12,643
4 years$11,981$11,525$11,090$10,673$10,275$8,590
5 years$9,489$9,036$8,606$8,198$7,811$6,210
6 years$7,828$7,379$6,955$6,556$6,180$4,664
7 years$6,643$6,197$5,780$5,390$5,026$3,594
8 years$5,754$5,312$4,902$4,522$4,170$2,820
9 years$5,062$4,625$4,222$3,851$3,512$2,243
10 years$4,510$4,076$3,681$3,320$2,992$1,801
11 years$4,058$3,629$3,240$2,889$2,573$1,458
12 years$3,682$3,257$2,876$2,534$2,230$1,188
13 years$3,364$2,944$2,569$2,237$1,945$972
14 years$3,091$2,676$2,308$1,986$1,705$799
15 years$2,856$2,444$2,084$1,771$1,501$658
16 years$2,649$2,243$1,890$1,586$1,326$544
17 years$2,468$2,065$1,720$1,425$1,176$450
18 years$2,306$1,908$1,570$1,284$1,046$373
19 years$2,162$1,769$1,437$1,160$932$310
20 years$2,032$1,644$1,319$1,051$833$258
21 years$1,915$1,531$1,213$954$745$215
22 years$1,809$1,429$1,118$867$668$179
23 years$1,712$1,337$1,032$790$599$149
24 years$1,623$1,252$955$720$539$124
25 years$1,542$1,175$884$658$485$104
26 years$1,467$1,105$820$602$437$86
27 years$1,397$1,039$762$551$394$72
28 years$1,333$979$708$504$355$60
29 years$1,273$924$659$463$321$50
30 years$1,217$873$614$425$290$42
31 years$1,165$825$572$390$262$35
32 years$1,117$781$534$358$237$29
33 years$1,071$739$498$330$215$25
34 years$1,028$701$466$303$194$20
35 years$988$665$435$279$176$17
36 years$950$631$407$257$159$14
37 years$914$599$381$237$144$12
38 years$880$569$357$218$131$10
39 years$848$541$334$201$119$8
40 years$818$515$313$186$108$7
41 years$789$490$294$171$98$6
42 years$761$467$276$158$89$5
43 years$735$445$259$146$80$4
44 years$711$424$243$135$73$3
45 years$687$404$228$124$66$3
46 years$664$386$214$115$60$2
47 years$643$368$201$106$55$2
48 years$622$351$189$98$50$2
49 years$603$336$178$91$45$1
50 years$584$321$167$84$41$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $598,000, adding $2,451 every year, while hoping to spend $32,689 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: 70/11/19 Blend
29$598,000$598,000$598,000$598,000
30$661,524$629,830$620,561$704,622
31$694,219$625,911$606,569$729,745
32$729,153$620,704$591,013$753,129
33$766,520$614,112$573,805$777,908
34$806,533$606,031$554,855$804,218
35$849,424$596,352$534,068$832,205
36$895,450$584,959$511,345$862,036
37$944,892$571,727$486,580$893,892
38$998,057$556,528$459,667$927,975
39$1,055,284$539,222$430,490$964,506
40$1,116,943$519,665$398,932$1,003,734
41$1,183,443$497,701$364,869$1,045,929
42$1,255,233$473,166$328,170$1,091,395
43$1,332,804$445,889$288,701$1,140,463
44$1,416,698$415,685$246,320$1,193,504
45$1,507,509$382,362$200,880$1,250,924
46$1,605,892$345,714$152,226$1,313,174
47$1,712,565$305,526$100,198$1,380,753
48$1,828,319$261,570$44,627$1,454,211
49$1,954,024$213,603$0$1,534,157
50$2,090,636$161,371$0$1,624,239
51$2,239,208$104,605$0$1,732,073
52$2,400,896$43,020$0$1,849,463
53$2,576,976$0$0$1,977,356
54$2,768,848$0$0$2,119,663
55$2,978,055$0$0$2,280,535
56$3,206,295$0$0$2,456,072
57$3,455,437$0$0$2,647,716
58$3,727,537$0$0$2,857,053
59$4,024,861$0$0$3,085,830
60$4,349,900$0$0$3,335,968
61$4,705,400$0$0$3,609,586
62$5,094,383$0$0$3,909,012
63$5,520,178$0$0$4,236,815
64$5,986,447$0$0$4,595,819
65$6,497,227$0$0$4,989,138
66$7,056,962$0$0$5,420,198
67$7,670,545$0$0$5,892,775
68$8,343,368$0$0$6,411,026
69$9,081,368$0$0$6,979,530
70$9,891,083$0$0$7,603,330
71$10,779,717$0$0$8,287,983
72$11,755,203$0$0$9,039,607
73$12,826,282$0$0$9,864,944
74$14,002,580$0$0$10,771,419
75$15,294,703$0$0$11,767,212
76$16,714,334$0$0$12,861,335
77$18,274,344$0$0$14,063,716
78$19,988,912$0$0$15,385,290
79$21,873,659$0$0$16,838,109
80$23,945,796$0$0$18,435,445
81$26,224,283$0$0$20,191,925
82$28,730,011$0$0$22,123,663
83$31,485,994$0$0$24,248,410
84$34,517,592$0$0$26,585,728
85$37,852,743$0$0$29,157,168
86$41,522,232$0$0$31,986,475
87$45,559,977$0$0$35,099,812
88$50,003,350$0$0$38,526,008
89$54,893,529$0$0$42,296,825
90$60,275,886$0$0$46,447,262
91$66,200,415$0$0$51,015,882
92$72,722,202$0$0$56,045,179
93$79,901,946$0$0$61,581,972
94$87,806,529$0$0$67,677,854
95$96,509,649$0$0$74,389,674
96$106,092,513$0$0$81,780,072
97$116,644,604$0$0$89,918,075
98$128,264,524$0$0$98,879,742
99$141,060,924$0$0$108,748,884
100$155,153,529$0$0$119,617,856