Can I retire at age 30 with 592,000?

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 $592,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$48,887$48,451$48,026$47,612$47,207$46,066
2 years$24,201$23,751$23,314$22,890$22,479$21,337
3 years$15,974$15,521$15,086$14,666$14,262$13,153
4 years$11,861$11,410$10,978$10,566$10,172$9,105
5 years$9,394$8,945$8,520$8,116$7,732$6,712
6 years$7,750$7,305$6,885$6,490$6,118$5,144
7 years$6,576$6,134$5,722$5,336$4,976$4,048
8 years$5,696$5,258$4,852$4,476$4,128$3,247
9 years$5,012$4,578$4,179$3,813$3,476$2,641
10 years$4,465$4,036$3,644$3,287$2,962$2,171
11 years$4,017$3,593$3,208$2,860$2,547$1,800
12 years$3,645$3,225$2,847$2,509$2,208$1,502
13 years$3,330$2,914$2,543$2,215$1,925$1,261
14 years$3,060$2,649$2,285$1,966$1,687$1,063
15 years$2,827$2,420$2,063$1,754$1,486$899
16 years$2,623$2,220$1,871$1,570$1,313$763
17 years$2,443$2,045$1,702$1,411$1,164$649
18 years$2,283$1,889$1,554$1,271$1,035$553
19 years$2,140$1,751$1,423$1,149$923$472
20 years$2,012$1,627$1,306$1,040$824$404
21 years$1,896$1,516$1,201$944$738$346
22 years$1,791$1,415$1,107$859$661$297
23 years$1,695$1,323$1,022$782$593$255
24 years$1,607$1,240$945$713$533$219
25 years$1,526$1,163$875$651$480$188
26 years$1,452$1,093$812$595$432$161
27 years$1,383$1,029$754$545$390$139
28 years$1,319$970$701$499$352$120
29 years$1,260$915$652$458$318$103
30 years$1,205$864$607$420$287$89
31 years$1,154$817$566$386$259$76
32 years$1,105$773$528$355$235$66
33 years$1,060$732$493$326$212$57
34 years$1,018$694$461$300$192$49
35 years$978$658$431$276$174$42
36 years$940$624$403$254$158$36
37 years$905$593$377$234$143$31
38 years$871$564$353$216$130$27
39 years$839$536$331$199$118$23
40 years$809$510$310$184$107$20
41 years$781$485$291$170$97$17
42 years$754$462$273$156$88$15
43 years$728$440$256$144$80$13
44 years$703$420$240$133$72$11
45 years$680$400$226$123$66$10
46 years$658$382$212$114$60$8
47 years$636$364$199$105$54$7
48 years$616$348$187$97$49$6
49 years$597$332$176$90$45$5
50 years$578$317$165$83$41$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $592,000, adding $5,802 every year, while hoping to spend $20,943 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: 64/25/11 Blend
29$592,000$592,000$592,000$592,000
30$658,369$626,993$617,817$698,514
31$703,239$635,432$616,230$734,489
32$751,984$643,583$613,889$770,796
33$804,978$651,410$610,745$809,925
34$862,630$658,873$606,749$852,149
35$925,391$665,931$601,849$897,770
36$993,760$672,541$595,990$947,122
37$1,068,283$678,655$589,115$1,000,569
38$1,149,562$684,223$581,164$1,058,519
39$1,238,259$689,191$572,075$1,121,416
40$1,335,104$693,504$561,782$1,189,752
41$1,440,899$697,100$550,216$1,264,070
42$1,556,527$699,915$537,305$1,344,969
43$1,682,963$701,881$522,974$1,433,108
44$1,821,277$702,924$507,146$1,529,215
45$1,972,648$702,968$489,736$1,634,092
46$2,138,375$701,931$470,659$1,748,623
47$2,319,889$699,726$449,826$1,873,785
48$2,518,765$696,259$427,142$2,010,654
49$2,736,736$691,433$402,509$2,160,415
50$2,975,714$685,144$375,824$2,324,378
51$3,237,802$677,282$346,979$2,503,986
52$3,525,318$667,729$315,863$2,700,829
53$3,840,815$656,362$282,359$2,916,661
54$4,187,103$643,049$246,343$3,153,419
55$4,567,281$627,651$207,689$3,413,234
56$4,984,759$610,021$166,261$3,698,460
57$5,443,295$590,003$121,922$4,011,690
58$5,947,031$567,432$74,526$4,355,784
59$6,500,525$542,134$23,920$4,733,897
60$7,108,803$513,923$0$5,149,505
61$7,777,400$482,605$0$5,609,973
62$8,512,415$447,972$0$6,119,224
63$9,320,565$409,806$0$6,679,127
64$10,209,252$367,876$0$7,294,844
65$11,186,633$321,939$0$7,972,060
66$12,261,691$271,736$0$8,717,046
67$13,444,327$216,994$0$9,536,712
68$14,745,448$157,427$0$10,438,675
69$16,177,072$92,729$0$11,431,332
70$17,752,441$22,580$0$12,523,938
71$19,486,144$0$0$13,726,693
72$21,394,259$0$0$15,065,521
73$23,494,497$0$0$16,546,039
74$25,806,378$0$0$18,175,802
75$28,351,407$0$0$19,969,975
76$31,153,282$0$0$21,945,271
77$34,238,114$0$0$24,120,106
78$37,634,675$0$0$26,514,771
79$41,374,670$0$0$29,151,626
80$45,493,034$0$0$32,055,309
81$50,028,263$0$0$35,252,970
82$55,022,777$0$0$38,774,525
83$60,523,316$0$0$42,652,940
84$66,581,390$0$0$46,924,540
85$73,253,755$0$0$51,629,355
86$80,602,955$0$0$56,811,495
87$88,697,908$0$0$62,519,565
88$97,614,561$0$0$68,807,127
89$107,436,601$0$0$75,733,203
90$118,256,247$0$0$83,362,833
91$130,175,122$0$0$91,767,688
92$143,305,209$0$0$101,026,746
93$157,769,911$0$0$111,227,039
94$173,705,211$0$0$122,464,472
95$191,260,958$0$0$134,844,730
96$210,602,283$0$0$148,484,273
97$231,911,153$0$0$163,511,440
98$255,388,092$0$0$180,067,654
99$281,254,072$0$0$198,308,760
100$309,752,599$0$0$218,406,496