Can I retire at age 30 with 577,000?

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 $577,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$47,648$47,224$46,810$46,405$46,011$45,174
2 years$23,588$23,149$22,723$22,310$21,910$21,070
3 years$15,569$15,128$14,703$14,294$13,901$13,084
4 years$11,561$11,121$10,700$10,298$9,914$9,126
5 years$9,156$8,719$8,304$7,910$7,536$6,780
6 years$7,553$7,120$6,711$6,326$5,963$5,239
7 years$6,409$5,979$5,577$5,201$4,850$4,158
8 years$5,551$5,125$4,729$4,363$4,023$3,364
9 years$4,885$4,462$4,073$3,716$3,388$2,761
10 years$4,352$3,933$3,551$3,203$2,887$2,291
11 years$3,916$3,502$3,127$2,788$2,483$1,918
12 years$3,553$3,143$2,775$2,445$2,152$1,616
13 years$3,246$2,840$2,479$2,159$1,876$1,370
14 years$2,983$2,582$2,227$1,916$1,645$1,167
15 years$2,755$2,358$2,011$1,709$1,448$997
16 years$2,556$2,164$1,823$1,530$1,280$855
17 years$2,381$1,993$1,659$1,375$1,135$735
18 years$2,225$1,841$1,515$1,239$1,009$634
19 years$2,086$1,707$1,387$1,120$899$547
20 years$1,961$1,586$1,272$1,014$803$473
21 years$1,848$1,477$1,170$920$719$410
22 years$1,745$1,379$1,079$837$644$356
23 years$1,652$1,290$996$762$578$309
24 years$1,566$1,208$921$695$520$268
25 years$1,488$1,134$853$635$468$233
26 years$1,415$1,066$791$580$421$203
27 years$1,348$1,003$735$531$380$177
28 years$1,286$945$683$487$343$154
29 years$1,228$892$636$446$310$134
30 years$1,175$842$592$410$280$117
31 years$1,124$796$552$376$253$102
32 years$1,077$753$515$346$229$89
33 years$1,033$713$481$318$207$78
34 years$992$676$449$293$187$68
35 years$953$641$420$269$170$59
36 years$916$609$393$248$154$52
37 years$882$578$368$229$139$45
38 years$849$549$344$211$126$39
39 years$818$522$323$194$115$34
40 years$789$497$302$179$104$30
41 years$761$473$284$165$94$26
42 years$735$451$266$153$86$23
43 years$709$429$250$141$78$20
44 years$686$409$234$130$70$18
45 years$663$390$220$120$64$15
46 years$641$372$207$111$58$13
47 years$620$355$194$102$53$12
48 years$600$339$182$95$48$10
49 years$581$324$171$88$44$9
50 years$563$309$161$81$40$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $577,000, adding $3,802 every year, while hoping to spend $21,103 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: 48/47/5 Blend
29$577,000$577,000$577,000$577,000
30$639,776$609,195$600,251$669,496
31$682,579$616,592$597,906$697,606
32$729,042$623,644$594,775$725,550
33$779,514$630,312$590,810$755,385
34$834,381$636,555$585,959$787,290
35$894,069$642,327$580,170$821,466
36$959,045$647,581$573,386$858,134
37$1,029,821$652,267$565,549$897,539
38$1,106,966$656,331$556,597$939,948
39$1,191,100$659,714$546,467$985,662
40$1,282,909$662,358$535,090$1,035,007
41$1,383,148$664,195$522,398$1,088,348
42$1,492,647$665,158$508,316$1,146,087
43$1,612,319$665,174$492,767$1,208,667
44$1,743,173$664,164$475,672$1,276,577
45$1,886,314$662,046$456,945$1,350,360
46$2,042,965$658,733$436,499$1,430,612
47$2,214,467$654,131$414,242$1,517,993
48$2,402,301$648,142$390,077$1,613,234
49$2,608,096$640,661$363,905$1,717,139
50$2,833,646$631,577$335,619$1,830,596
51$3,080,926$620,773$305,111$1,954,589
52$3,352,115$608,125$272,267$2,090,200
53$3,649,608$593,500$236,965$2,238,627
54$3,976,045$576,760$199,081$2,401,192
55$4,334,337$557,755$158,485$2,579,352
56$4,727,685$536,331$115,039$2,774,719
57$5,159,618$512,321$68,603$2,989,071
58$5,634,025$485,550$19,027$3,224,369
59$6,155,187$455,834$0$3,482,781
60$6,727,823$422,976$0$3,768,503
61$7,357,128$386,770$0$4,083,567
62$8,048,829$346,995$0$4,429,879
63$8,809,234$303,423$0$4,810,661
64$9,645,292$255,807$0$5,229,468
65$10,564,660$203,889$0$5,690,223
66$11,575,773$147,397$0$6,197,254
67$12,687,926$86,043$0$6,755,335
68$13,911,357$19,523$0$7,369,732
69$15,257,351$0$0$8,046,256
70$16,738,338$0$0$8,818,459
71$18,368,014$0$0$9,679,376
72$20,161,472$0$0$10,626,892
73$22,135,340$0$0$11,669,801
74$24,307,941$0$0$12,817,794
75$26,699,463$0$0$14,081,549
76$29,332,152$0$0$15,472,832
77$32,230,520$0$0$17,004,608
78$35,421,575$0$0$18,691,161
79$38,935,080$0$0$20,548,233
80$42,803,827$0$0$22,593,170
81$47,063,955$0$0$24,845,084
82$51,755,281$0$0$27,325,037
83$56,921,682$0$0$30,056,236
84$62,611,508$0$0$33,064,255
85$68,878,036$0$0$36,377,274
86$75,779,975$0$0$40,026,346
87$83,382,018$0$0$44,045,688
88$91,755,453$0$0$48,473,008
89$100,978,835$0$0$53,349,856
90$111,138,728$0$0$58,722,020
91$122,330,521$0$0$64,639,955
92$134,659,331$0$0$71,159,260
93$148,240,988$0$0$78,341,204
94$163,203,136$0$0$86,253,303
95$179,686,433$0$0$94,969,957
96$197,845,878$0$0$104,573,152
97$217,852,277$0$0$115,153,236
98$239,893,851$0$0$126,809,767
99$264,178,016$0$0$139,652,457
100$290,933,338$0$0$153,802,207