Can I retire at age 30 with 596,000?

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 $596,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$49,217$48,779$48,351$47,934$47,526$46,585
2 years$24,365$23,911$23,471$23,045$22,631$21,688
3 years$16,082$15,626$15,188$14,765$14,358$13,441
4 years$11,941$11,487$11,053$10,637$10,240$9,357
5 years$9,457$9,006$8,577$8,171$7,785$6,937
6 years$7,802$7,354$6,932$6,534$6,160$5,349
7 years$6,620$6,176$5,760$5,372$5,009$4,236
8 years$5,734$5,294$4,885$4,506$4,156$3,419
9 years$5,046$4,609$4,208$3,839$3,500$2,799
10 years$4,495$4,063$3,668$3,309$2,982$2,317
11 years$4,045$3,617$3,230$2,880$2,565$1,934
12 years$3,670$3,246$2,866$2,526$2,222$1,626
13 years$3,353$2,934$2,561$2,230$1,938$1,375
14 years$3,081$2,667$2,301$1,980$1,699$1,168
15 years$2,846$2,436$2,077$1,765$1,496$995
16 years$2,641$2,235$1,883$1,581$1,322$851
17 years$2,459$2,058$1,714$1,420$1,172$730
18 years$2,299$1,902$1,564$1,280$1,042$627
19 years$2,155$1,763$1,432$1,157$929$540
20 years$2,026$1,638$1,314$1,047$830$466
21 years$1,909$1,526$1,209$951$743$402
22 years$1,803$1,424$1,114$864$666$348
23 years$1,706$1,332$1,029$787$597$301
24 years$1,618$1,248$951$718$537$261
25 years$1,537$1,171$881$656$483$226
26 years$1,462$1,101$817$600$435$196
27 years$1,393$1,036$759$549$392$170
28 years$1,328$976$706$503$354$148
29 years$1,269$921$657$461$320$128
30 years$1,213$870$612$423$289$111
31 years$1,161$822$570$389$261$97
32 years$1,113$778$532$357$236$84
33 years$1,067$737$497$328$214$73
34 years$1,025$698$464$302$194$64
35 years$984$662$434$278$175$55
36 years$947$629$406$256$159$48
37 years$911$597$380$236$144$42
38 years$877$567$356$218$131$37
39 years$845$540$333$201$118$32
40 years$815$513$312$185$107$28
41 years$786$489$293$171$97$24
42 years$759$465$275$158$88$21
43 years$733$443$258$145$80$18
44 years$708$423$242$134$73$16
45 years$685$403$227$124$66$14
46 years$662$384$213$115$60$12
47 years$641$367$201$106$55$11
48 years$620$350$188$98$49$9
49 years$601$334$177$90$45$8
50 years$582$320$167$84$41$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $596,000, adding $3,003 every year, while hoping to spend $39,638 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: 70/8/22 Blend
29$596,000$596,000$596,000$596,000
30$659,890$628,302$619,064$702,266
31$685,024$616,914$597,628$719,569
32$711,393$603,640$574,145$733,567
33$739,082$588,345$548,506$747,926
34$768,181$570,887$520,594$762,679
35$798,791$551,115$490,289$777,862
36$831,019$528,871$457,465$793,517
37$864,983$503,985$421,989$809,690
38$900,810$476,280$383,726$826,435
39$938,642$445,567$342,529$843,811
40$978,630$411,646$298,250$861,884
41$1,020,940$374,307$250,732$880,729
42$1,065,755$333,326$199,810$900,432
43$1,113,271$288,469$145,314$921,086
44$1,163,708$239,487$87,064$942,797
45$1,217,300$186,116$24,875$965,683
46$1,274,308$128,079$0$989,879
47$1,335,015$65,083$0$1,025,270
48$1,399,733$0$0$1,069,149
49$1,468,801$0$0$1,116,184
50$1,542,592$0$0$1,172,576
51$1,621,515$0$0$1,232,909
52$1,706,017$0$0$1,297,530
53$1,796,591$0$0$1,366,816
54$1,893,776$0$0$1,441,183
55$1,998,161$0$0$1,521,087
56$2,110,398$0$0$1,607,027
57$2,231,198$0$0$1,699,552
58$2,361,344$0$0$1,799,267
59$2,501,696$0$0$1,906,833
60$2,653,198$0$0$2,022,978
61$2,816,887$0$0$2,148,501
62$2,993,905$0$0$2,284,282
63$3,185,503$0$0$2,431,287
64$3,393,060$0$0$2,590,577
65$3,618,091$0$0$2,763,321
66$3,862,262$0$0$2,950,803
67$4,127,405$0$0$3,154,435
68$4,415,535$0$0$3,375,771
69$4,728,869$0$0$3,616,520
70$5,069,846$0$0$3,878,563
71$5,441,149$0$0$4,163,968
72$5,845,733$0$0$4,475,013
73$6,286,845$0$0$4,814,204
74$6,768,064$0$0$5,184,299
75$7,293,326$0$0$5,588,334
76$7,866,964$0$0$6,029,650
77$8,493,750$0$0$6,511,926
78$9,178,935$0$0$7,039,213
79$9,928,301$0$0$7,615,970
80$10,748,217$0$0$8,247,107
81$11,645,691$0$0$8,938,031
82$12,628,444$0$0$9,694,695
83$13,704,978$0$0$10,523,655
84$14,884,653$0$0$11,432,133
85$16,177,781$0$0$12,428,080
86$17,595,716$0$0$13,520,255
87$19,150,968$0$0$14,718,304
88$20,857,310$0$0$16,032,852
89$22,729,916$0$0$17,475,601
90$24,785,502$0$0$19,059,445
91$27,042,476$0$0$20,798,582
92$29,521,121$0$0$22,708,656
93$32,243,777$0$0$24,806,899
94$35,235,057$0$0$27,112,295
95$38,522,074$0$0$29,645,757
96$42,134,696$0$0$32,430,323
97$46,105,833$0$0$35,491,378
98$50,471,737$0$0$38,856,885
99$55,272,352$0$0$42,557,653
100$60,551,683$0$0$46,627,627