Can I retire at age 30 with 589,000?

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 $589,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$48,639$48,206$47,783$47,371$46,968$46,285
2 years$24,079$23,630$23,196$22,774$22,366$21,679
3 years$15,893$15,443$15,009$14,592$14,190$13,521
4 years$11,801$11,352$10,923$10,513$10,120$9,474
5 years$9,346$8,900$8,477$8,075$7,693$7,072
6 years$7,711$7,268$6,850$6,457$6,087$5,492
7 years$6,543$6,103$5,693$5,309$4,951$4,380
8 years$5,667$5,232$4,828$4,454$4,107$3,562
9 years$4,986$4,555$4,158$3,793$3,459$2,939
10 years$4,442$4,015$3,625$3,270$2,947$2,452
11 years$3,997$3,574$3,192$2,846$2,535$2,064
12 years$3,627$3,208$2,832$2,496$2,196$1,750
13 years$3,313$2,899$2,531$2,204$1,915$1,492
14 years$3,045$2,635$2,274$1,956$1,679$1,278
15 years$2,813$2,407$2,053$1,745$1,478$1,100
16 years$2,609$2,209$1,861$1,562$1,306$949
17 years$2,430$2,034$1,694$1,404$1,158$821
18 years$2,272$1,880$1,546$1,265$1,030$712
19 years$2,130$1,742$1,415$1,143$918$619
20 years$2,002$1,619$1,299$1,035$820$539
21 years$1,886$1,508$1,195$939$734$470
22 years$1,782$1,408$1,101$854$658$411
23 years$1,686$1,316$1,017$778$590$359
24 years$1,599$1,233$940$710$531$314
25 years$1,519$1,158$871$648$478$275
26 years$1,445$1,088$808$592$430$241
27 years$1,376$1,024$750$542$388$212
28 years$1,313$965$697$497$350$186
29 years$1,254$910$649$456$316$163
30 years$1,199$860$604$418$286$143
31 years$1,148$813$563$384$258$126
32 years$1,100$769$526$353$234$111
33 years$1,055$728$491$325$211$97
34 years$1,013$690$459$299$191$85
35 years$973$655$429$275$173$75
36 years$935$621$401$253$157$66
37 years$900$590$375$233$142$58
38 years$867$561$352$215$129$51
39 years$835$533$329$198$117$45
40 years$805$507$309$183$106$40
41 years$777$483$290$169$96$35
42 years$750$460$272$156$87$31
43 years$724$438$255$144$79$27
44 years$700$418$239$133$72$24
45 years$677$398$225$123$65$21
46 years$654$380$211$113$59$19
47 years$633$363$198$105$54$16
48 years$613$346$186$97$49$14
49 years$594$331$175$89$44$13
50 years$575$316$165$83$40$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $589,000, adding $6,341 every year, while hoping to spend $23,836 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: 33/45/22 Blend
29$589,000$589,000$589,000$589,000
30$655,619$624,402$615,272$672,653
31$697,131$629,636$610,523$691,153
32$742,078$634,328$604,815$708,465
33$790,785$638,426$598,092$726,636
34$843,611$641,875$590,294$745,755
35$900,948$644,615$581,358$765,924
36$963,230$646,586$571,218$787,255
37$1,030,931$647,720$559,805$809,875
38$1,104,575$647,948$547,048$833,924
39$1,184,739$647,194$532,871$859,559
40$1,272,055$645,380$517,195$886,957
41$1,367,222$642,420$499,938$916,311
42$1,471,006$638,227$481,013$947,839
43$1,584,252$632,704$460,331$981,783
44$1,707,891$625,751$437,797$1,018,413
45$1,842,945$617,262$413,312$1,058,028
46$1,990,541$607,123$386,774$1,100,961
47$2,151,920$595,216$358,075$1,147,582
48$2,328,447$581,414$327,102$1,198,303
49$2,521,627$565,581$293,738$1,253,580
50$2,733,115$547,576$257,860$1,313,922
51$2,964,735$527,250$219,341$1,379,890
52$3,218,494$504,441$178,045$1,452,110
53$3,496,605$478,983$133,834$1,531,274
54$3,801,502$450,697$86,561$1,618,152
55$4,135,868$419,394$36,074$1,713,595
56$4,502,658$384,876$0$1,818,547
57$4,905,127$346,932$0$1,938,235
58$5,346,857$305,339$0$2,078,947
59$5,831,798$259,863$0$2,233,531
60$6,364,300$210,254$0$2,403,450
61$6,949,153$156,251$0$2,590,322
62$7,591,635$97,576$0$2,795,937
63$8,297,562$33,937$0$3,022,270
64$9,073,337$0$0$3,271,504
65$9,926,018$0$0$3,563,371
66$10,863,380$0$0$3,902,793
67$11,893,987$0$0$4,276,078
68$13,027,276$0$0$4,686,657
69$14,273,644$0$0$5,138,310
70$15,644,545$0$0$5,635,200
71$17,152,601$0$0$6,181,915
72$18,811,716$0$0$6,783,511
73$20,637,211$0$0$7,445,558
74$22,645,968$0$0$8,174,192
75$24,856,587$0$0$8,976,177
76$27,289,562$0$0$9,858,963
77$29,967,475$0$0$10,830,760
78$32,915,207$0$0$11,900,615
79$36,160,177$0$0$13,078,497
80$39,732,594$0$0$14,375,389
81$43,665,745$0$0$15,803,396
82$47,996,311$0$0$17,375,853
83$52,764,710$0$0$19,107,456
84$58,015,478$0$0$21,014,400
85$63,797,691$0$0$23,114,529
86$70,165,425$0$0$25,427,506
87$77,178,270$0$0$27,974,998
88$84,901,888$0$0$30,780,882
89$93,408,635$0$0$33,871,468
90$102,778,243$0$0$37,275,748
91$113,098,572$0$0$41,025,670
92$124,466,438$0$0$45,156,440
93$136,988,529$0$0$49,706,852
94$150,782,408$0$0$54,719,657
95$165,977,626$0$0$60,241,963
96$182,716,942$0$0$66,325,683
97$201,157,670$0$0$73,028,021
98$221,473,166$0$0$80,412,018
99$243,854,461$0$0$88,547,139
100$268,512,065$0$0$97,509,934