Can I retire at age 30 with 584,000?

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 $584,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$48,226$47,797$47,377$46,968$46,569$45,554
2 years$23,874$23,430$22,999$22,581$22,176$21,159
3 years$15,758$15,312$14,882$14,468$14,069$13,081
4 years$11,701$11,256$10,830$10,423$10,034$9,083
5 years$9,267$8,825$8,405$8,006$7,628$6,716
6 years$7,645$7,206$6,792$6,403$6,036$5,165
7 years$6,487$6,052$5,644$5,264$4,909$4,078
8 years$5,619$5,187$4,787$4,416$4,072$3,282
9 years$4,944$4,516$4,123$3,761$3,429$2,679
10 years$4,404$3,981$3,594$3,242$2,922$2,211
11 years$3,963$3,544$3,164$2,822$2,513$1,840
12 years$3,596$3,181$2,808$2,475$2,178$1,542
13 years$3,285$2,875$2,509$2,185$1,899$1,299
14 years$3,019$2,613$2,254$1,940$1,665$1,100
15 years$2,789$2,387$2,035$1,730$1,466$934
16 years$2,587$2,190$1,845$1,549$1,295$796
17 years$2,410$2,017$1,679$1,392$1,149$680
18 years$2,252$1,864$1,533$1,254$1,021$582
19 years$2,111$1,727$1,403$1,133$910$499
20 years$1,985$1,605$1,288$1,026$813$429
21 years$1,870$1,495$1,185$931$728$369
22 years$1,767$1,396$1,092$847$652$318
23 years$1,672$1,305$1,008$771$585$274
24 years$1,585$1,223$932$703$526$236
25 years$1,506$1,148$864$642$474$204
26 years$1,432$1,079$801$587$427$176
27 years$1,364$1,015$744$538$385$152
28 years$1,302$957$691$493$347$132
29 years$1,243$902$643$452$313$114
30 years$1,189$852$599$415$283$99
31 years$1,138$806$559$381$256$85
32 years$1,090$762$521$350$232$74
33 years$1,046$722$487$322$210$64
34 years$1,004$684$455$296$190$56
35 years$965$649$425$273$172$48
36 years$928$616$398$251$156$42
37 years$893$585$372$231$141$36
38 years$859$556$349$213$128$31
39 years$828$529$327$197$116$27
40 years$798$503$306$181$105$24
41 years$770$479$287$167$95$20
42 years$744$456$269$154$87$18
43 years$718$434$253$143$79$15
44 years$694$414$237$132$71$13
45 years$671$395$223$122$65$12
46 years$649$377$209$112$59$10
47 years$628$360$197$104$53$9
48 years$608$343$185$96$49$8
49 years$589$328$174$89$44$7
50 years$570$313$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 $584,000, adding $6,285 every year, while hoping to spend $24,056 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: 63/29/8 Blend
29$584,000$584,000$584,000$584,000
30$650,051$619,099$610,047$689,553
31$690,761$623,839$604,888$721,435
32$734,817$628,006$598,750$752,847
33$782,535$631,545$591,575$786,526
34$834,262$634,399$583,302$822,692
35$890,381$636,509$573,866$861,587
36$951,311$637,809$563,202$903,476
37$1,017,514$638,232$551,239$948,654
38$1,089,499$637,703$537,904$997,446
39$1,167,825$636,148$523,121$1,050,210
40$1,253,107$633,483$506,809$1,107,342
41$1,346,021$629,621$488,885$1,169,279
42$1,447,314$624,471$469,261$1,236,502
43$1,557,804$617,934$447,845$1,309,544
44$1,678,395$609,907$424,542$1,388,992
45$1,810,079$600,280$399,252$1,475,493
46$1,953,950$588,937$371,870$1,569,763
47$2,111,212$575,754$342,287$1,672,592
48$2,283,191$560,601$310,389$1,784,851
49$2,471,345$543,340$276,056$1,907,500
50$2,677,283$523,824$239,164$2,041,601
51$2,902,772$501,898$199,583$2,188,324
52$3,149,762$477,398$157,176$2,348,962
53$3,420,399$450,152$111,802$2,524,940
54$3,717,045$419,975$63,314$2,717,830
55$4,042,305$386,674$11,555$2,929,368
56$4,399,043$350,045$0$3,161,469
57$4,790,418$309,869$0$3,419,973
58$5,219,907$265,920$0$3,704,778
59$5,691,342$217,954$0$4,017,482
60$6,208,942$165,717$0$4,360,936
61$6,777,355$108,938$0$4,738,287
62$7,401,701$47,332$0$5,153,002
63$8,087,623$0$0$5,608,905
64$8,841,333$0$0$6,116,407
65$9,669,678$0$0$6,690,808
66$10,580,200$0$0$7,322,239
67$11,581,208$0$0$8,016,469
68$12,681,856$0$0$8,779,852
69$13,892,230$0$0$9,619,390
70$15,223,443$0$0$10,542,796
71$16,687,736$0$0$11,558,571
72$18,298,600$0$0$12,676,077
73$20,070,897$0$0$13,905,632
74$22,021,002$0$0$15,258,605
75$24,166,958$0$0$16,747,521
76$26,528,645$0$0$18,386,181
77$29,127,970$0$0$20,189,793
78$31,989,067$0$0$22,175,112
79$35,138,533$0$0$24,360,602
80$38,605,672$0$0$26,766,605
81$42,422,774$0$0$29,415,539
82$46,625,419$0$0$32,332,106
83$51,252,813$0$0$35,543,521
84$56,348,156$0$0$39,079,777
85$61,959,052$0$0$42,973,923
86$68,137,956$0$0$47,262,373
87$74,942,670$0$0$51,985,256
88$82,436,886$0$0$57,186,791
89$90,690,788$0$0$62,915,701
90$99,781,717$0$0$69,225,680
91$109,794,895$0$0$76,175,892
92$120,824,234$0$0$83,831,537
93$132,973,219$0$0$92,264,456
94$146,355,885$0$0$101,553,819
95$161,097,894$0$0$111,786,867
96$177,337,720$0$0$123,059,734
97$195,227,954$0$0$135,478,358
98$214,936,750$0$0$149,159,477
99$236,649,401$0$0$164,231,734
100$260,570,100$0$0$180,836,887