Can I retire at age 30 with 593,000?

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 $593,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$48,969$48,533$48,108$47,692$47,287$45,810
2 years$24,242$23,791$23,353$22,929$22,517$21,043
3 years$16,001$15,548$15,111$14,691$14,286$12,859
4 years$11,881$11,429$10,997$10,584$10,189$8,822
5 years$9,410$8,961$8,534$8,129$7,745$6,441
6 years$7,763$7,317$6,897$6,501$6,129$4,889
7 years$6,587$6,145$5,731$5,345$4,984$3,808
8 years$5,705$5,267$4,861$4,484$4,135$3,022
9 years$5,020$4,586$4,186$3,819$3,482$2,431
10 years$4,472$4,042$3,650$3,292$2,967$1,977
11 years$4,024$3,599$3,213$2,865$2,552$1,620
12 years$3,651$3,230$2,852$2,513$2,211$1,336
13 years$3,336$2,919$2,548$2,219$1,928$1,108
14 years$3,066$2,653$2,289$1,970$1,690$922
15 years$2,832$2,424$2,067$1,756$1,488$770
16 years$2,627$2,224$1,874$1,573$1,315$645
17 years$2,447$2,048$1,705$1,413$1,166$542
18 years$2,287$1,892$1,557$1,273$1,037$456
19 years$2,144$1,754$1,425$1,151$924$384
20 years$2,015$1,630$1,308$1,042$826$324
21 years$1,899$1,518$1,203$946$739$274
22 years$1,794$1,417$1,109$860$662$231
23 years$1,698$1,325$1,024$783$594$196
24 years$1,610$1,242$947$714$534$166
25 years$1,529$1,165$877$652$481$140
26 years$1,454$1,095$813$596$433$119
27 years$1,385$1,031$755$546$390$101
28 years$1,322$971$702$500$352$85
29 years$1,262$916$653$459$318$72
30 years$1,207$865$609$421$287$62
31 years$1,155$818$567$387$260$52
32 years$1,107$774$529$355$235$44
33 years$1,062$733$494$327$213$38
34 years$1,019$695$462$301$193$32
35 years$979$659$432$277$174$27
36 years$942$625$404$255$158$23
37 years$906$594$378$235$143$20
38 years$873$565$354$216$130$17
39 years$841$537$332$200$118$14
40 years$811$511$311$184$107$12
41 years$782$486$291$170$97$10
42 years$755$463$273$157$88$9
43 years$729$441$257$145$80$7
44 years$705$421$241$134$72$6
45 years$681$401$226$123$66$5
46 years$659$383$212$114$60$5
47 years$637$365$200$105$54$4
48 years$617$348$188$97$49$3
49 years$598$333$176$90$45$3
50 years$579$318$166$83$41$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $593,000, adding $5,808 every year, while hoping to spend $25,096 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: 46/35/19 Blend
29$593,000$593,000$593,000$593,000
30$659,477$628,048$618,856$685,990
31$700,042$632,120$612,886$709,178
32$743,903$635,551$605,875$731,354
33$791,370$638,283$597,761$754,887
34$842,784$640,253$588,480$779,914
35$898,520$641,396$577,966$806,588
36$958,988$641,644$566,147$835,077
37$1,024,641$640,921$552,949$865,571
38$1,095,979$639,150$538,297$898,277
39$1,173,547$636,247$522,109$933,427
40$1,257,950$632,124$504,300$971,277
41$1,349,849$626,687$484,783$1,012,113
42$1,449,976$619,836$463,465$1,056,248
43$1,559,132$611,467$440,250$1,104,034
44$1,678,202$601,467$415,036$1,155,856
45$1,808,158$589,719$387,720$1,212,145
46$1,950,071$576,096$358,189$1,273,374
47$2,105,120$560,467$326,331$1,340,072
48$2,274,603$542,690$292,023$1,412,820
49$2,459,947$522,617$255,141$1,492,263
50$2,662,727$500,091$215,553$1,579,115
51$2,884,675$474,944$173,123$1,674,167
52$3,127,696$447,001$127,708$1,778,293
53$3,393,893$416,076$79,158$1,892,460
54$3,685,578$381,972$27,318$2,017,736
55$4,005,298$344,479$0$2,155,307
56$4,355,859$303,379$0$2,312,157
57$4,740,351$258,439$0$2,490,333
58$5,162,177$209,413$0$2,685,928
59$5,625,086$156,041$0$2,900,746
60$6,133,208$98,050$0$3,136,779
61$6,691,090$35,150$0$3,396,227
62$7,303,744$0$0$3,681,516
63$7,976,688$0$0$4,008,023
64$8,716,004$0$0$4,381,678
65$9,528,389$0$0$4,792,338
66$10,421,223$0$0$5,243,743
67$11,402,636$0$0$5,740,012
68$12,481,583$0$0$6,285,686
69$13,667,934$0$0$6,885,764
70$14,972,559$0$0$7,545,757
71$16,407,437$0$0$8,271,735
72$17,985,763$0$0$9,070,386
73$19,722,080$0$0$9,949,081
74$21,632,406$0$0$10,915,938
75$23,734,394$0$0$11,979,904
76$26,047,492$0$0$13,150,836
77$28,593,131$0$0$14,439,597
78$31,394,921$0$0$15,858,153
79$34,478,881$0$0$17,419,692
80$37,873,678$0$0$19,138,745
81$41,610,899$0$0$21,031,321
82$45,725,351$0$0$23,115,064
83$50,255,387$0$0$25,409,413
84$55,243,267$0$0$27,935,788
85$60,735,558$0$0$30,717,794
86$66,783,574$0$0$33,781,441
87$73,443,856$0$0$37,155,388
88$80,778,711$0$0$40,871,217
89$88,856,793$0$0$44,963,729
90$97,753,757$0$0$49,471,272
91$107,552,970$0$0$54,436,104
92$118,346,294$0$0$59,904,789
93$130,234,959$0$0$65,928,641
94$143,330,515$0$0$72,564,203
95$157,755,882$0$0$79,873,784
96$173,646,515$0$0$87,926,045
97$191,151,678$0$0$96,796,648
98$210,435,853$0$0$106,568,971
99$231,680,296$0$0$117,334,891
100$255,084,742$0$0$129,195,655