Can I retire at age 30 with 598,000?

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 $598,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$49,382$48,942$48,513$48,094$47,685$47,266
2 years$24,447$23,991$23,550$23,122$22,707$22,285
3 years$16,136$15,679$15,238$14,815$14,406$13,994
4 years$11,981$11,525$11,090$10,673$10,275$9,875
5 years$9,489$9,036$8,606$8,198$7,811$7,425
6 years$7,828$7,379$6,955$6,556$6,180$5,810
7 years$6,643$6,197$5,780$5,390$5,026$4,671
8 years$5,754$5,312$4,902$4,522$4,170$3,829
9 years$5,062$4,625$4,222$3,851$3,512$3,185
10 years$4,510$4,076$3,681$3,320$2,992$2,680
11 years$4,058$3,629$3,240$2,889$2,573$2,276
12 years$3,682$3,257$2,876$2,534$2,230$1,947
13 years$3,364$2,944$2,569$2,237$1,945$1,675
14 years$3,091$2,676$2,308$1,986$1,705$1,448
15 years$2,856$2,444$2,084$1,771$1,501$1,258
16 years$2,649$2,243$1,890$1,586$1,326$1,096
17 years$2,468$2,065$1,720$1,425$1,176$958
18 years$2,306$1,908$1,570$1,284$1,046$839
19 years$2,162$1,769$1,437$1,160$932$737
20 years$2,032$1,644$1,319$1,051$833$648
21 years$1,915$1,531$1,213$954$745$571
22 years$1,809$1,429$1,118$867$668$504
23 years$1,712$1,337$1,032$790$599$446
24 years$1,623$1,252$955$720$539$394
25 years$1,542$1,175$884$658$485$349
26 years$1,467$1,105$820$602$437$309
27 years$1,397$1,039$762$551$394$274
28 years$1,333$979$708$504$355$243
29 years$1,273$924$659$463$321$216
30 years$1,217$873$614$425$290$192
31 years$1,165$825$572$390$262$171
32 years$1,117$781$534$358$237$152
33 years$1,071$739$498$330$215$135
34 years$1,028$701$466$303$194$120
35 years$988$665$435$279$176$107
36 years$950$631$407$257$159$95
37 years$914$599$381$237$144$85
38 years$880$569$357$218$131$76
39 years$848$541$334$201$119$67
40 years$818$515$313$186$108$60
41 years$789$490$294$171$98$53
42 years$761$467$276$158$89$48
43 years$735$445$259$146$80$42
44 years$711$424$243$135$73$38
45 years$687$404$228$124$66$34
46 years$664$386$214$115$60$30
47 years$643$368$201$106$55$27
48 years$622$351$189$98$50$24
49 years$603$336$178$91$45$21
50 years$584$321$167$84$41$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $598,000, adding $2,239 every year, while hoping to spend $34,892 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: 68/18/14 Blend
29$598,000$598,000$598,000$598,000
30$661,306$629,612$620,343$704,005
31$691,634$623,338$603,999$726,451
32$723,886$615,587$585,939$746,640
33$758,222$606,250$566,067$767,831
34$794,816$595,212$544,286$790,120
35$833,859$582,349$520,491$813,612
36$875,561$567,532$494,575$838,424
37$920,150$550,623$466,426$864,685
38$967,879$531,477$435,925$892,540
39$1,019,023$509,940$402,949$922,148
40$1,073,886$485,849$367,370$953,687
41$1,132,798$459,032$329,053$987,354
42$1,196,125$429,306$287,857$1,023,367
43$1,264,266$396,478$243,637$1,061,969
44$1,337,661$360,345$196,239$1,103,428
45$1,416,792$320,692$145,502$1,148,042
46$1,502,189$277,290$91,261$1,196,141
47$1,594,434$229,900$33,340$1,248,092
48$1,694,168$178,266$0$1,304,299
49$1,802,093$122,121$0$1,369,464
50$1,918,982$61,181$0$1,445,424
51$2,045,687$0$0$1,527,772
52$2,183,141$0$0$1,618,111
53$2,332,372$0$0$1,729,377
54$2,494,511$0$0$1,850,297
55$2,670,801$0$0$1,981,804
56$2,862,612$0$0$2,124,923
57$3,071,448$0$0$2,280,780
58$3,298,966$0$0$2,450,616
59$3,546,989$0$0$2,635,797
60$3,817,524$0$0$2,837,827
61$4,112,779$0$0$3,058,358
62$4,435,184$0$0$3,299,213
63$4,787,416$0$0$3,562,395
64$5,172,421$0$0$3,850,111
65$5,593,442$0$0$4,164,792
66$6,054,050$0$0$4,509,112
67$6,558,178$0$0$4,886,018
68$7,110,155$0$0$5,298,752
69$7,714,750$0$0$5,750,888
70$8,377,213$0$0$6,246,359
71$9,103,328$0$0$6,789,498
72$9,899,463$0$0$7,385,076
73$10,772,633$0$0$8,038,349
74$11,730,564$0$0$8,755,106
75$12,781,767$0$0$9,541,723
76$13,935,614$0$0$10,405,223
77$15,202,433$0$0$11,353,343
78$16,593,597$0$0$12,394,604
79$18,121,635$0$0$13,538,396
80$19,800,352$0$0$14,795,061
81$21,644,953$0$0$16,175,991
82$23,672,189$0$0$17,693,739
83$25,900,516$0$0$19,362,132
84$28,350,265$0$0$21,196,406
85$31,043,839$0$0$23,213,345
86$34,005,914$0$0$25,431,442
87$37,263,683$0$0$27,871,070
88$40,847,103$0$0$30,554,677
89$44,789,182$0$0$33,506,996
90$49,126,286$0$0$36,755,277
91$53,898,486$0$0$40,329,546
92$59,149,931$0$0$44,262,885
93$64,929,269$0$0$48,591,746
94$71,290,100$0$0$53,356,293
95$78,291,485$0$0$58,600,782
96$85,998,498$0$0$64,373,977
97$94,482,848$0$0$70,729,609
98$103,823,545$0$0$77,726,884
99$114,107,652$0$0$85,431,040
100$125,431,102$0$0$93,913,966