Can I retire at age 30 with 578,000?

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 $578,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$47,731$47,306$46,891$46,486$46,091$45,685
2 years$23,629$23,189$22,762$22,349$21,948$21,539
3 years$15,596$15,154$14,729$14,319$13,925$13,526
4 years$11,581$11,140$10,719$10,316$9,931$9,545
5 years$9,172$8,734$8,318$7,924$7,550$7,177
6 years$7,567$7,132$6,722$6,337$5,974$5,615
7 years$6,420$5,989$5,586$5,210$4,858$4,514
8 years$5,561$5,134$4,738$4,370$4,030$3,701
9 years$4,893$4,470$4,081$3,723$3,394$3,079
10 years$4,359$3,940$3,558$3,209$2,892$2,591
11 years$3,922$3,508$3,132$2,793$2,487$2,200
12 years$3,559$3,148$2,780$2,450$2,155$1,882
13 years$3,251$2,845$2,483$2,163$1,880$1,619
14 years$2,988$2,586$2,231$1,920$1,648$1,400
15 years$2,760$2,362$2,015$1,712$1,451$1,216
16 years$2,561$2,168$1,826$1,533$1,282$1,059
17 years$2,385$1,996$1,662$1,377$1,137$926
18 years$2,229$1,845$1,517$1,241$1,011$811
19 years$2,090$1,710$1,389$1,122$901$712
20 years$1,964$1,589$1,275$1,016$805$627
21 years$1,851$1,480$1,172$922$720$552
22 years$1,748$1,381$1,081$838$646$487
23 years$1,655$1,292$998$763$579$431
24 years$1,569$1,210$923$696$521$381
25 years$1,490$1,136$855$636$469$337
26 years$1,418$1,068$793$581$422$299
27 years$1,350$1,005$736$532$381$265
28 years$1,288$947$684$488$343$235
29 years$1,230$893$637$447$310$209
30 years$1,177$843$593$410$280$186
31 years$1,126$797$553$377$253$165
32 years$1,079$754$516$346$229$147
33 years$1,035$714$482$319$207$131
34 years$994$677$450$293$188$116
35 years$955$642$421$270$170$103
36 years$918$610$394$248$154$92
37 years$883$579$368$229$140$82
38 years$851$550$345$211$127$73
39 years$820$523$323$195$115$65
40 years$790$498$303$179$104$58
41 years$762$474$284$166$94$52
42 years$736$451$266$153$86$46
43 years$711$430$250$141$78$41
44 years$687$410$235$130$71$37
45 years$664$391$220$120$64$33
46 years$642$373$207$111$58$29
47 years$621$356$194$103$53$26
48 years$601$340$183$95$48$23
49 years$583$324$172$88$44$21
50 years$564$310$162$81$40$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $578,000, adding $4,464 every year, while hoping to spend $39,608 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: 66/11/23 Blend
29$578,000$578,000$578,000$578,000
30$641,561$610,927$601,968$679,835
31$664,857$598,719$579,991$693,906
32$689,203$584,587$555,951$704,374
33$714,662$568,392$529,735$714,901
34$741,305$549,991$501,230$725,494
35$769,210$529,232$470,312$736,162
36$798,458$505,953$436,856$746,916
37$829,139$479,983$400,729$757,772
38$861,350$451,141$361,793$768,745
39$895,197$419,237$319,902$779,856
40$930,796$384,068$274,908$791,131
41$968,271$345,421$226,651$802,598
42$1,007,758$303,070$174,967$814,291
43$1,049,406$256,777$119,685$826,250
44$1,093,375$206,289$60,624$838,520
45$1,139,843$151,341$0$851,155
46$1,189,001$91,651$0$864,805
47$1,241,060$26,922$0$894,867
48$1,296,248$0$0$926,576
49$1,354,816$0$0$965,302
50$1,417,038$0$0$1,009,925
51$1,483,214$0$0$1,057,403
52$1,553,671$0$0$1,107,975
53$1,628,769$0$0$1,161,901
54$1,708,900$0$0$1,219,466
55$1,794,496$0$0$1,280,983
56$1,886,028$0$0$1,346,794
57$1,984,014$0$0$1,417,275
58$2,089,021$0$0$1,492,838
59$2,201,672$0$0$1,573,935
60$2,322,650$0$0$1,661,062
61$2,452,704$0$0$1,754,764
62$2,592,659$0$0$1,855,637
63$2,743,416$0$0$1,964,339
64$2,905,969$0$0$2,081,591
65$3,081,409$0$0$2,208,184
66$3,270,933$0$0$2,344,990
67$3,475,857$0$0$2,492,964
68$3,697,630$0$0$2,653,158
69$3,937,841$0$0$2,826,728
70$4,198,240$0$0$3,014,945
71$4,480,750$0$0$3,219,207
72$4,787,486$0$0$3,441,051
73$5,120,775$0$0$3,682,167
74$5,483,176$0$0$3,944,417
75$5,877,504$0$0$4,229,846
76$6,306,858$0$0$4,540,707
77$6,774,646$0$0$4,879,477
78$7,284,619$0$0$5,248,883
79$7,840,907$0$0$5,651,927
80$8,448,054$0$0$6,091,914
81$9,111,062$0$0$6,572,478
82$9,835,439$0$0$7,097,625
83$10,627,246$0$0$7,671,761
84$11,493,157$0$0$8,299,740
85$12,440,523$0$0$8,986,905
86$13,477,434$0$0$9,739,140
87$14,612,802$0$0$10,562,922
88$15,856,438$0$0$11,465,388
89$17,219,148$0$0$12,454,394
90$18,712,834$0$0$13,538,594
91$20,350,602$0$0$14,727,520
92$22,146,887$0$0$16,031,667
93$24,117,590$0$0$17,462,598
94$26,280,224$0$0$19,033,049
95$28,654,080$0$0$20,757,047
96$31,260,407$0$0$22,650,046
97$34,122,613$0$0$24,729,069
98$37,266,484$0$0$27,012,866
99$40,720,426$0$0$29,522,095
100$44,515,732$0$0$32,279,514