Can I retire at age 30 with 585,000?

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 $585,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$48,309$47,878$47,459$47,049$46,649$45,577
2 years$23,915$23,470$23,038$22,620$22,214$21,139
3 years$15,785$15,338$14,907$14,493$14,093$13,050
4 years$11,721$11,275$10,849$10,441$10,051$9,048
5 years$9,283$8,840$8,419$8,020$7,641$6,680
6 years$7,658$7,218$6,804$6,413$6,046$5,128
7 years$6,498$6,062$5,654$5,273$4,917$4,043
8 years$5,628$5,196$4,795$4,423$4,079$3,248
9 years$4,952$4,524$4,130$3,768$3,435$2,646
10 years$4,412$3,988$3,601$3,248$2,927$2,180
11 years$3,970$3,550$3,170$2,827$2,517$1,811
12 years$3,602$3,186$2,813$2,479$2,181$1,514
13 years$3,291$2,880$2,513$2,189$1,902$1,273
14 years$3,024$2,617$2,258$1,943$1,668$1,076
15 years$2,793$2,391$2,039$1,733$1,468$912
16 years$2,592$2,194$1,849$1,552$1,298$775
17 years$2,414$2,020$1,682$1,394$1,151$661
18 years$2,256$1,867$1,536$1,256$1,023$565
19 years$2,115$1,730$1,406$1,135$912$483
20 years$1,988$1,608$1,290$1,028$814$414
21 years$1,874$1,498$1,187$933$729$356
22 years$1,770$1,398$1,094$848$653$306
23 years$1,675$1,308$1,010$773$586$263
24 years$1,588$1,225$934$705$527$226
25 years$1,508$1,150$865$644$474$195
26 years$1,435$1,080$802$588$427$168
27 years$1,367$1,017$745$539$385$145
28 years$1,304$958$693$493$348$125
29 years$1,245$904$644$453$314$108
30 years$1,191$854$600$415$284$93
31 years$1,140$807$560$381$256$80
32 years$1,092$764$522$351$232$69
33 years$1,048$723$488$322$210$60
34 years$1,006$685$456$297$190$52
35 years$966$650$426$273$172$45
36 years$929$617$398$251$156$39
37 years$894$586$373$232$141$33
38 years$861$557$349$214$128$29
39 years$830$530$327$197$116$25
40 years$800$504$307$182$105$22
41 years$772$480$288$168$96$19
42 years$745$457$270$155$87$16
43 years$719$435$253$143$79$14
44 years$695$415$238$132$71$12
45 years$672$396$223$122$65$10
46 years$650$377$210$112$59$9
47 years$629$360$197$104$53$8
48 years$609$344$185$96$49$7
49 years$590$328$174$89$44$6
50 years$571$314$163$82$40$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $585,000, adding $3,986 every year, while hoping to spend $24,967 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: 24/49/27 Blend
29$585,000$585,000$585,000$585,000
30$648,782$617,777$608,709$658,754
31$688,393$621,483$602,536$671,178
32$731,207$624,534$595,320$682,104
33$777,526$626,872$586,998$693,283
34$827,678$628,433$577,508$704,753
35$882,028$629,153$566,781$716,557
36$940,974$628,961$554,747$728,745
37$1,004,956$627,782$541,334$741,375
38$1,074,456$625,538$526,462$754,511
39$1,150,005$622,144$510,054$768,228
40$1,232,187$617,511$492,022$782,613
41$1,321,646$611,545$472,281$797,761
42$1,419,089$604,146$450,737$813,784
43$1,525,294$595,207$427,295$830,804
44$1,641,118$584,616$401,853$848,964
45$1,767,504$572,253$374,307$868,421
46$1,905,489$557,993$344,546$889,355
47$2,056,216$541,702$312,455$911,968
48$2,220,943$523,239$277,915$936,485
49$2,401,054$502,452$240,801$963,162
50$2,598,074$479,185$200,980$992,282
51$2,813,682$453,270$158,317$1,024,167
52$3,049,726$424,528$112,669$1,059,174
53$3,308,241$392,773$63,887$1,097,704
54$3,591,469$357,807$11,815$1,140,204
55$3,901,879$319,420$0$1,187,175
56$4,242,190$277,390$0$1,251,778
57$4,615,395$231,484$0$1,326,485
58$5,024,792$181,454$0$1,408,632
59$5,474,015$127,039$0$1,499,044
60$5,967,065$67,964$0$1,598,639
61$6,508,349$3,938$0$1,708,432
62$7,102,722$0$0$1,829,548
63$7,755,532$0$0$1,998,471
64$8,472,672$0$0$2,186,479
65$9,260,631$0$0$2,393,166
66$10,126,560$0$0$2,620,420
67$11,078,336$0$0$2,870,324
68$12,124,638$0$0$3,145,170
69$13,275,026$0$0$3,447,485
70$14,540,035$0$0$3,780,055
71$15,931,270$0$0$4,145,945
72$17,461,517$0$0$4,548,537
73$19,144,865$0$0$4,991,554
74$20,996,837$0$0$5,479,099
75$23,034,534$0$0$6,015,694
76$25,276,800$0$0$6,606,319
77$27,744,400$0$0$7,256,465
78$30,460,209$0$0$7,972,179
79$33,449,437$0$0$8,760,126
80$36,739,857$0$0$9,627,649
81$40,362,076$0$0$10,582,840
82$44,349,816$0$0$11,634,616
83$48,740,236$0$0$12,792,801
84$53,574,280$0$0$14,068,222
85$58,897,068$0$0$15,472,808
86$64,758,313$0$0$17,019,705
87$71,212,798$0$0$18,723,398
88$78,320,889$0$0$20,599,851
89$86,149,102$0$0$22,666,651
90$94,770,738$0$0$24,943,183
91$104,266,565$0$0$27,450,803
92$114,725,586$0$0$30,213,048
93$126,245,878$0$0$33,255,853
94$138,935,516$0$0$36,607,798
95$152,913,592$0$0$40,300,377
96$168,311,342$0$0$44,368,294
97$185,273,380$0$0$48,849,793
98$203,959,065$0$0$53,787,017
99$224,544,007$0$0$59,226,406
100$247,221,717$0$0$65,219,135