Can I retire at age 30 with 586,000?

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 $586,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$48,391$47,960$47,540$47,129$46,728$44,981
2 years$23,956$23,510$23,078$22,658$22,252$20,511
3 years$15,812$15,364$14,933$14,517$14,117$12,439
4 years$11,741$11,294$10,867$10,459$10,069$8,464
5 years$9,299$8,855$8,433$8,033$7,654$6,128
6 years$7,671$7,231$6,815$6,424$6,056$4,610
7 years$6,509$6,072$5,664$5,282$4,925$3,559
8 years$5,638$5,205$4,803$4,431$4,086$2,798
9 years$4,961$4,532$4,137$3,774$3,441$2,229
10 years$4,419$3,995$3,607$3,253$2,932$1,794
11 years$3,977$3,556$3,175$2,831$2,522$1,455
12 years$3,608$3,192$2,818$2,483$2,185$1,187
13 years$3,296$2,885$2,518$2,193$1,906$974
14 years$3,029$2,622$2,262$1,946$1,670$802
15 years$2,798$2,395$2,042$1,736$1,471$662
16 years$2,596$2,198$1,852$1,554$1,300$548
17 years$2,418$2,024$1,685$1,396$1,153$455
18 years$2,260$1,870$1,538$1,258$1,025$378
19 years$2,119$1,733$1,408$1,137$913$315
20 years$1,992$1,611$1,292$1,030$816$262
21 years$1,877$1,500$1,189$935$730$219
22 years$1,773$1,400$1,096$850$654$183
23 years$1,678$1,310$1,012$774$587$153
24 years$1,591$1,227$936$706$528$128
25 years$1,511$1,152$866$645$475$107
26 years$1,437$1,082$804$589$428$89
27 years$1,369$1,019$746$540$386$75
28 years$1,306$960$694$494$348$62
29 years$1,247$905$646$453$314$52
30 years$1,193$855$601$416$284$44
31 years$1,142$808$561$382$257$37
32 years$1,094$765$523$351$232$31
33 years$1,049$724$488$323$210$26
34 years$1,007$687$456$297$190$22
35 years$968$651$427$274$172$18
36 years$931$618$399$252$156$15
37 years$896$587$374$232$142$13
38 years$862$558$350$214$128$11
39 years$831$530$328$197$116$9
40 years$801$505$307$182$106$7
41 years$773$480$288$168$96$6
42 years$746$458$270$155$87$5
43 years$721$436$254$143$79$4
44 years$696$416$238$132$72$4
45 years$673$396$223$122$65$3
46 years$651$378$210$113$59$3
47 years$630$361$197$104$54$2
48 years$610$344$185$96$49$2
49 years$591$329$174$89$44$2
50 years$572$314$164$82$40$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $586,000, adding $3,829 every year, while hoping to spend $25,711 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: 79/9/12 Blend
29$586,000$586,000$586,000$586,000
30$649,722$618,664$609,581$699,291
31$688,637$621,622$602,645$735,376
32$730,660$623,863$594,616$771,253
33$776,080$625,326$585,429$809,873
34$825,217$625,943$575,017$851,498
35$878,419$625,645$563,310$896,420
36$936,073$624,356$550,236$944,956
37$998,601$621,998$535,718$997,458
38$1,066,469$618,487$519,675$1,054,314
39$1,140,189$613,733$502,024$1,115,950
40$1,220,324$607,641$482,678$1,182,838
41$1,307,494$600,112$461,544$1,255,495
42$1,402,379$591,039$438,527$1,334,494
43$1,505,731$580,309$413,527$1,420,465
44$1,618,375$567,804$386,439$1,514,102
45$1,741,219$553,395$357,154$1,616,169
46$1,875,262$536,951$325,558$1,727,512
47$2,021,606$518,329$291,531$1,849,060
48$2,181,461$497,378$254,949$1,981,838
49$2,356,162$473,942$215,682$2,126,977
50$2,547,176$447,850$173,593$2,285,721
51$2,756,121$418,927$128,540$2,459,444
52$2,984,775$386,985$80,377$2,649,659
53$3,235,099$351,824$28,946$2,858,036
54$3,509,252$313,236$0$3,086,413
55$3,809,609$270,998$0$3,340,138
56$4,138,789$224,877$0$3,622,298
57$4,499,674$174,625$0$3,931,667
58$4,895,439$119,980$0$4,270,986
59$5,329,582$60,667$0$4,643,273
60$5,805,953$0$0$5,051,852
61$6,328,797$0$0$5,500,747
62$6,902,785$0$0$6,000,167
63$7,533,066$0$0$6,548,585
64$8,225,311$0$0$7,150,939
65$8,985,767$0$0$7,812,667
66$9,821,316$0$0$8,539,759
67$10,739,540$0$0$9,338,816
68$11,748,791$0$0$10,217,108
69$12,858,270$0$0$11,182,648
70$14,078,116$0$0$12,244,259
71$15,419,498$0$0$13,411,665
72$16,894,721$0$0$14,695,580
73$18,517,344$0$0$16,107,805
74$20,302,305$0$0$17,661,345
75$22,266,061$0$0$19,370,529
76$24,426,747$0$0$21,251,143
77$26,804,344$0$0$23,320,581
78$29,420,868$0$0$25,598,009
79$32,300,574$0$0$28,104,545
80$35,470,193$0$0$30,863,458
81$38,959,173$0$0$33,900,385
82$42,799,967$0$0$37,243,577
83$47,028,331$0$0$40,924,164
84$51,683,665$0$0$44,976,445
85$56,809,385$0$0$49,438,217
86$62,453,328$0$0$54,351,126
87$68,668,209$0$0$59,761,063
88$75,512,114$0$0$65,718,597
89$83,049,050$0$0$72,279,449
90$91,349,546$0$0$79,505,021
91$100,491,322$0$0$87,462,973
92$110,560,019$0$0$96,227,862
93$121,650,008$0$0$105,881,845
94$133,865,281$0$0$116,515,455
95$147,320,432$0$0$128,228,453
96$162,141,737$0$0$141,130,773
97$178,468,344$0$0$155,343,554
98$196,453,593$0$0$171,000,288
99$216,266,454$0$0$188,248,077
100$238,093,126$0$0$207,249,023