Can I retire at age 30 with 595,000?

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 $595,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$49,135$48,697$48,270$47,853$47,446$45,817
2 years$24,324$23,871$23,432$23,006$22,593$20,969
3 years$16,055$15,600$15,162$14,740$14,334$12,765
4 years$11,921$11,468$11,034$10,620$10,223$8,722
5 years$9,442$8,991$8,563$8,157$7,772$6,341
6 years$7,789$7,342$6,920$6,523$6,149$4,792
7 years$6,609$6,165$5,751$5,363$5,001$3,716
8 years$5,725$5,285$4,877$4,499$4,149$2,935
9 years$5,037$4,602$4,201$3,832$3,494$2,350
10 years$4,487$4,056$3,662$3,303$2,977$1,901
11 years$4,038$3,611$3,224$2,875$2,560$1,550
12 years$3,663$3,241$2,861$2,522$2,219$1,271
13 years$3,347$2,929$2,556$2,226$1,935$1,048
14 years$3,076$2,662$2,297$1,976$1,696$868
15 years$2,841$2,432$2,074$1,762$1,493$721
16 years$2,636$2,231$1,880$1,578$1,320$600
17 years$2,455$2,055$1,711$1,418$1,170$501
18 years$2,295$1,899$1,562$1,278$1,041$419
19 years$2,151$1,760$1,430$1,155$927$351
20 years$2,022$1,635$1,312$1,046$828$294
21 years$1,906$1,523$1,207$949$741$247
22 years$1,800$1,422$1,112$863$664$207
23 years$1,703$1,330$1,027$786$596$174
24 years$1,615$1,246$950$717$536$147
25 years$1,534$1,169$880$655$482$123
26 years$1,459$1,099$816$599$435$104
27 years$1,390$1,034$758$548$392$88
28 years$1,326$975$704$502$354$74
29 years$1,267$919$655$460$319$62
30 years$1,211$868$611$422$288$52
31 years$1,159$821$569$388$261$44
32 years$1,111$777$531$357$236$37
33 years$1,066$735$496$328$213$31
34 years$1,023$697$463$302$193$26
35 years$983$661$433$278$175$22
36 years$945$628$405$256$159$19
37 years$909$596$379$236$144$16
38 years$876$566$355$217$130$13
39 years$844$539$333$200$118$11
40 years$813$512$312$185$107$10
41 years$785$488$292$170$97$8
42 years$758$465$274$157$88$7
43 years$732$443$257$145$80$6
44 years$707$422$242$134$73$5
45 years$683$402$227$124$66$4
46 years$661$384$213$114$60$3
47 years$640$366$200$106$54$3
48 years$619$350$188$98$49$2
49 years$600$334$177$90$45$2
50 years$581$319$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 $595,000, adding $6,933 every year, while hoping to spend $20,412 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: 39/45/16 Blend
29$595,000$595,000$595,000$595,000
30$662,841$631,306$622,084$685,271
31$708,733$640,522$621,205$711,140
32$758,621$649,505$619,614$736,604
33$812,893$658,223$617,263$763,703
34$871,972$666,640$614,105$792,594
35$936,326$674,719$610,091$823,452
36$1,006,470$682,419$605,168$856,471
37$1,082,970$689,697$599,281$891,865
38$1,166,449$696,508$592,372$929,871
39$1,257,593$702,803$584,383$970,750
40$1,357,156$708,530$575,249$1,014,792
41$1,465,971$713,632$564,904$1,062,317
42$1,584,952$718,052$553,280$1,113,680
43$1,715,106$721,726$540,305$1,169,271
44$1,857,544$724,588$525,902$1,229,524
45$2,013,487$726,565$509,993$1,294,917
46$2,184,280$727,584$492,494$1,365,978
47$2,371,404$727,563$473,321$1,443,293
48$2,576,491$726,418$452,381$1,527,508
49$2,801,338$724,057$429,580$1,619,336
50$3,047,924$720,385$404,821$1,719,566
51$3,318,428$715,300$377,998$1,829,071
52$3,615,252$708,694$349,005$1,948,812
53$3,941,039$700,452$317,729$2,079,855
54$4,298,703$690,452$284,051$2,223,373
55$4,691,453$678,567$247,849$2,380,666
56$5,122,823$664,659$208,994$2,553,167
57$5,596,708$648,583$167,352$2,742,459
58$6,117,397$630,188$122,782$2,950,290
59$6,689,615$609,311$75,139$3,178,591
60$7,318,569$585,781$24,270$3,429,493
61$8,009,995$559,416$0$3,705,350
62$8,770,211$530,025$0$4,013,883
63$9,606,181$497,404$0$4,357,592
64$10,525,573$461,339$0$4,735,523
65$11,536,840$421,603$0$5,151,201
66$12,649,293$377,956$0$5,608,514
67$13,873,190$330,145$0$6,111,753
68$15,219,835$277,901$0$6,665,647
69$16,701,682$220,943$0$7,275,417
70$18,332,455$158,970$0$7,946,818
71$20,127,273$91,668$0$8,686,200
72$22,102,798$18,702$0$9,500,565
73$24,277,386$0$0$10,397,637
74$26,671,265$0$0$11,415,782
75$29,306,724$0$0$12,546,970
76$32,208,322$0$0$13,792,491
77$35,403,121$0$0$15,163,977
78$38,920,940$0$0$16,674,241
79$42,794,638$0$0$18,337,403
80$47,060,422$0$0$20,169,022
81$51,758,188$0$0$22,186,245
82$56,931,901$0$0$24,407,965
83$62,630,006$0$0$26,854,999
84$68,905,885$0$0$29,550,289
85$75,818,364$0$0$32,519,116
86$83,432,265$0$0$35,789,336
87$91,819,017$0$0$39,391,647
88$101,057,332$0$0$43,359,874
89$111,233,948$0$0$47,731,295
90$122,444,445$0$0$52,546,985
91$134,794,149$0$0$57,852,210
92$148,399,124$0$0$63,696,848
93$163,387,270$0$0$70,135,866
94$179,899,526$0$0$77,229,835
95$198,091,206$0$0$85,045,503
96$218,133,458$0$0$93,656,422
97$240,214,883$0$0$103,143,649
98$264,543,316$0$0$113,596,502
99$291,347,784$0$0$125,113,410
100$320,880,671$0$0$137,802,840