Can I retire at age 30 with 580,000?

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 $580,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$47,896$47,469$47,053$46,647$46,250$44,895
2 years$23,711$23,269$22,841$22,426$22,024$20,670
3 years$15,650$15,207$14,780$14,369$13,973$12,662
4 years$11,621$11,179$10,756$10,352$9,966$8,708
5 years$9,204$8,764$8,347$7,951$7,576$6,375
6 years$7,593$7,157$6,746$6,359$5,994$4,852
7 years$6,443$6,010$5,606$5,228$4,875$3,790
8 years$5,580$5,152$4,754$4,385$4,044$3,017
9 years$4,910$4,486$4,095$3,735$3,406$2,434
10 years$4,374$3,954$3,570$3,220$2,902$1,985
11 years$3,936$3,520$3,143$2,802$2,496$1,632
12 years$3,571$3,159$2,789$2,458$2,163$1,351
13 years$3,263$2,855$2,492$2,170$1,886$1,124
14 years$2,998$2,595$2,239$1,926$1,653$939
15 years$2,770$2,371$2,022$1,718$1,456$787
16 years$2,570$2,175$1,833$1,538$1,287$662
17 years$2,393$2,003$1,668$1,382$1,141$557
18 years$2,237$1,851$1,522$1,246$1,014$471
19 years$2,097$1,715$1,394$1,125$904$398
20 years$1,971$1,594$1,279$1,019$808$337
21 years$1,858$1,485$1,177$925$723$286
22 years$1,754$1,386$1,084$841$648$243
23 years$1,660$1,296$1,001$766$581$206
24 years$1,574$1,215$926$699$523$175
25 years$1,495$1,140$858$638$470$149
26 years$1,422$1,071$795$583$424$127
27 years$1,355$1,008$739$534$382$108
28 years$1,293$950$687$489$345$92
29 years$1,235$896$639$449$311$78
30 years$1,181$846$595$412$281$67
31 years$1,130$800$555$378$254$57
32 years$1,083$757$518$348$230$48
33 years$1,039$717$483$320$208$41
34 years$997$680$452$294$188$35
35 years$958$645$422$271$171$30
36 years$921$612$395$249$155$26
37 years$886$581$370$230$140$22
38 years$854$552$346$212$127$19
39 years$822$525$324$195$115$16
40 years$793$500$304$180$104$14
41 years$765$476$285$166$95$12
42 years$738$453$267$153$86$10
43 years$713$431$251$142$78$8
44 years$689$411$236$131$71$7
45 years$666$392$221$121$64$6
46 years$644$374$208$111$58$5
47 years$624$357$195$103$53$4
48 years$604$341$183$95$48$4
49 years$585$326$172$88$44$3
50 years$566$311$162$81$40$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $580,000, adding $3,511 every year, while hoping to spend $40,809 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: 73/8/19 Blend
29$580,000$580,000$580,000$580,000
30$642,782$612,042$603,052$686,566
31$664,925$598,611$579,833$702,680
32$687,959$583,155$554,470$715,048
33$711,932$565,530$526,845$727,549
34$736,895$545,587$496,840$740,188
35$762,902$523,166$464,329$752,972
36$790,015$498,097$429,180$765,908
37$818,295$470,203$391,257$779,006
38$847,813$439,294$350,415$792,278
39$878,642$405,172$306,507$805,737
40$910,863$367,624$259,374$819,400
41$944,562$326,429$208,854$833,285
42$979,833$281,350$154,777$847,416
43$1,016,778$232,138$96,964$861,817
44$1,055,507$178,531$35,230$876,521
45$1,096,140$120,250$0$891,560
46$1,138,806$57,002$0$913,190
47$1,183,645$0$0$943,268
48$1,230,812$0$0$975,754
49$1,280,473$0$0$1,015,251
50$1,332,808$0$0$1,056,885
51$1,388,016$0$0$1,100,816
52$1,446,313$0$0$1,147,216
53$1,507,932$0$0$1,196,273
54$1,573,130$0$0$1,248,193
55$1,642,187$0$0$1,303,201
56$1,715,409$0$0$1,361,542
57$1,793,130$0$0$1,423,485
58$1,875,714$0$0$1,489,322
59$1,963,563$0$0$1,559,374
60$2,057,112$0$0$1,633,994
61$2,156,842$0$0$1,713,565
62$2,263,276$0$0$1,798,509
63$2,376,989$0$0$1,889,287
64$2,498,610$0$0$1,986,405
65$2,628,831$0$0$2,090,418
66$2,768,409$0$0$2,201,935
67$2,918,173$0$0$2,321,622
68$3,079,036$0$0$2,450,213
69$3,251,998$0$0$2,588,512
70$3,438,158$0$0$2,737,401
71$3,638,722$0$0$2,897,850
72$3,855,013$0$0$3,070,923
73$4,088,489$0$0$3,257,791
74$4,340,747$0$0$3,459,739
75$4,613,546$0$0$3,678,180
76$4,908,816$0$0$3,914,666
77$5,228,682$0$0$4,170,905
78$5,575,478$0$0$4,448,775
79$5,951,771$0$0$4,750,339
80$6,360,385$0$0$5,077,868
81$6,804,427$0$0$5,433,859
82$7,287,312$0$0$5,821,059
83$7,812,799$0$0$6,242,492
84$8,385,025$0$0$6,701,483
85$9,008,540$0$0$7,201,693
86$9,688,354$0$0$7,747,148
87$10,429,979$0$0$8,342,283
88$11,239,481$0$0$8,991,976
89$12,123,541$0$0$9,701,600
90$13,089,510$0$0$10,477,068
91$14,145,483$0$0$11,324,889
92$15,300,372$0$0$12,252,232
93$16,563,989$0$0$13,266,987
94$17,947,139$0$0$14,377,847
95$19,461,720$0$0$15,594,379
96$21,120,833$0$0$16,927,122
97$22,938,906$0$0$18,387,682
98$24,931,832$0$0$19,988,840
99$27,117,110$0$0$21,744,672
100$29,514,017$0$0$23,670,684