Can I retire at age 30 with 582,000?

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 $582,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$48,061$47,633$47,215$46,808$46,409$45,435
2 years$23,793$23,349$22,920$22,504$22,100$21,123
3 years$15,704$15,259$14,831$14,418$14,021$13,072
4 years$11,661$11,217$10,793$10,388$10,000$9,086
5 years$9,235$8,794$8,376$7,979$7,602$6,725
6 years$7,619$7,181$6,769$6,381$6,015$5,177
7 years$6,465$6,031$5,625$5,246$4,892$4,093
8 years$5,600$5,169$4,770$4,401$4,058$3,298
9 years$4,927$4,501$4,109$3,748$3,418$2,695
10 years$4,389$3,967$3,582$3,231$2,912$2,227
11 years$3,950$3,532$3,154$2,812$2,504$1,856
12 years$3,583$3,170$2,799$2,467$2,170$1,557
13 years$3,274$2,865$2,501$2,178$1,893$1,314
14 years$3,009$2,604$2,247$1,933$1,659$1,113
15 years$2,779$2,379$2,028$1,724$1,461$947
16 years$2,578$2,183$1,839$1,544$1,291$808
17 years$2,402$2,010$1,674$1,387$1,145$692
18 years$2,245$1,857$1,528$1,250$1,018$593
19 years$2,104$1,721$1,399$1,129$907$509
20 years$1,978$1,600$1,284$1,023$810$438
21 years$1,864$1,490$1,181$928$725$378
22 years$1,761$1,391$1,088$844$650$326
23 years$1,666$1,301$1,005$769$583$281
24 years$1,580$1,219$929$701$524$243
25 years$1,500$1,144$861$640$472$210
26 years$1,427$1,075$798$585$425$182
27 years$1,360$1,012$741$536$383$157
28 years$1,297$953$689$491$346$136
29 years$1,239$899$641$450$312$118
30 years$1,185$849$597$413$282$102
31 years$1,134$803$557$379$255$89
32 years$1,087$760$519$349$231$77
33 years$1,042$719$485$321$209$67
34 years$1,001$682$453$295$189$58
35 years$961$647$424$272$171$50
36 years$924$614$396$250$155$44
37 years$889$583$371$230$141$38
38 years$856$554$347$212$127$33
39 years$825$527$325$196$116$29
40 years$796$501$305$181$105$25
41 years$768$477$286$167$95$22
42 years$741$454$268$154$86$19
43 years$716$433$252$142$78$16
44 years$691$413$236$131$71$14
45 years$669$394$222$121$65$12
46 years$647$375$208$112$59$11
47 years$626$358$196$103$53$9
48 years$606$342$184$95$48$8
49 years$587$327$173$88$44$7
50 years$568$312$163$82$40$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $582,000, adding $4,181 every year, while hoping to spend $39,468 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: 49/43/8 Blend
29$582,000$582,000$582,000$582,000
30$645,677$614,831$605,810$675,755
31$669,542$602,964$584,111$684,909
32$694,519$589,193$560,362$690,318
33$720,679$573,382$534,453$695,271
34$748,100$555,389$506,269$699,735
35$776,866$535,063$475,689$703,678
36$807,069$512,244$442,587$707,067
37$838,807$486,761$406,831$709,869
38$872,190$458,437$368,284$712,049
39$907,334$427,081$326,803$713,574
40$944,367$392,494$282,236$714,410
41$983,430$354,463$234,428$714,524
42$1,024,673$312,764$183,214$713,884
43$1,068,261$267,162$128,424$712,459
44$1,114,377$217,406$69,879$710,218
45$1,163,217$163,232$7,394$707,134
46$1,214,997$104,362$0$703,182
47$1,269,952$40,501$0$703,400
48$1,328,339$0$0$703,711
49$1,390,441$0$0$717,050
50$1,456,565$0$0$751,692
51$1,527,050$0$0$788,656
52$1,602,264$0$0$828,138
53$1,682,613$0$0$870,358
54$1,768,540$0$0$915,553
55$1,860,533$0$0$963,985
56$1,959,124$0$0$1,015,942
57$2,064,900$0$0$1,071,737
58$2,178,501$0$0$1,131,717
59$2,300,634$0$0$1,196,260
60$2,432,072$0$0$1,265,784
61$2,573,665$0$0$1,340,746
62$2,726,347$0$0$1,421,648
63$2,891,143$0$0$1,509,043
64$3,069,178$0$0$1,603,537
65$3,261,693$0$0$1,705,797
66$3,470,047$0$0$1,816,558
67$3,695,736$0$0$1,936,623
68$3,940,406$0$0$2,066,882
69$4,205,864$0$0$2,208,307
70$4,494,101$0$0$2,361,971
71$4,807,304$0$0$2,529,055
72$5,147,880$0$0$2,710,855
73$5,518,477$0$0$2,908,800
74$5,922,008$0$0$3,124,460
75$6,361,680$0$0$3,359,565
76$6,841,021$0$0$3,616,018
77$7,363,914$0$0$3,895,913
78$7,934,633$0$0$4,201,555
79$8,557,882$0$0$4,535,483
80$9,238,841$0$0$4,900,491
81$9,983,212$0$0$5,299,655
82$10,797,273$0$0$5,736,362
83$11,687,934$0$0$6,214,342
84$12,662,806$0$0$6,737,701
85$13,730,271$0$0$7,310,962
86$14,899,557$0$0$7,939,105
87$16,180,827$0$0$8,627,615
88$17,585,274$0$0$9,382,533
89$19,125,226$0$0$10,210,511
90$20,814,260$0$0$11,118,879
91$22,667,331$0$0$12,115,708
92$24,700,911$0$0$13,209,888
93$26,933,143$0$0$14,411,213
94$29,384,015$0$0$15,730,472
95$32,075,541$0$0$17,179,549
96$35,031,975$0$0$18,771,535
97$38,280,035$0$0$20,520,854
98$41,849,153$0$0$22,443,394
99$45,771,755$0$0$24,556,659
100$50,083,562$0$0$26,879,935