Can I retire at age 30 with 599,000?

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 $599,000?

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$49,465$49,024$48,594$48,175$47,765$46,820
2 years$24,488$24,031$23,590$23,161$22,745$21,797
3 years$16,163$15,705$15,264$14,839$14,431$13,509
4 years$12,001$11,545$11,108$10,691$10,292$9,404
5 years$9,505$9,051$8,620$8,212$7,824$6,972
6 years$7,841$7,391$6,967$6,567$6,191$5,376
7 years$6,654$6,207$5,789$5,399$5,035$4,257
8 years$5,763$5,320$4,910$4,529$4,177$3,436
9 years$5,071$4,632$4,229$3,858$3,517$2,813
10 years$4,517$4,083$3,687$3,325$2,997$2,329
11 years$4,065$3,635$3,246$2,894$2,578$1,944
12 years$3,688$3,263$2,881$2,539$2,234$1,634
13 years$3,369$2,949$2,574$2,241$1,948$1,382
14 years$3,097$2,680$2,312$1,989$1,707$1,173
15 years$2,860$2,448$2,088$1,774$1,503$1,000
16 years$2,654$2,246$1,893$1,589$1,329$855
17 years$2,472$2,069$1,722$1,427$1,178$733
18 years$2,310$1,912$1,572$1,286$1,047$630
19 years$2,166$1,772$1,439$1,162$934$543
20 years$2,036$1,646$1,321$1,053$834$468
21 years$1,918$1,533$1,215$955$746$404
22 years$1,812$1,431$1,120$869$669$349
23 years$1,715$1,339$1,034$791$600$302
24 years$1,626$1,254$956$722$540$262
25 years$1,544$1,177$886$659$486$227
26 years$1,469$1,106$821$603$437$197
27 years$1,400$1,041$763$552$394$171
28 years$1,335$981$709$505$356$148
29 years$1,275$926$660$463$321$129
30 years$1,219$874$615$425$290$112
31 years$1,167$826$573$391$263$97
32 years$1,118$782$535$359$237$85
33 years$1,073$740$499$330$215$74
34 years$1,030$702$466$304$195$64
35 years$989$666$436$280$176$56
36 years$951$632$408$257$160$49
37 years$915$600$382$237$145$42
38 years$881$570$358$219$131$37
39 years$849$542$335$202$119$32
40 years$819$516$314$186$108$28
41 years$790$491$294$172$98$24
42 years$763$468$276$158$89$21
43 years$737$446$259$146$81$18
44 years$712$425$243$135$73$16
45 years$688$405$228$125$66$14
46 years$665$386$215$115$60$12
47 years$644$369$202$106$55$11
48 years$623$352$189$98$50$9
49 years$604$336$178$91$45$8
50 years$585$321$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 $599,000, adding $4,004 every year, while hoping to spend $34,730 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: 82/10/8 Blend
29$599,000$599,000$599,000$599,000
30$664,228$632,481$623,197$717,720
31$695,027$626,520$607,121$747,344
32$727,803$619,103$589,343$774,820
33$762,722$610,122$569,769$803,923
34$799,964$599,463$548,301$834,796
35$839,727$587,003$524,836$867,597
36$882,229$572,615$499,267$902,500
37$927,706$556,164$471,482$939,696
38$976,420$537,503$441,365$979,396
39$1,028,656$516,483$408,792$1,021,833
40$1,084,729$492,940$373,637$1,067,262
41$1,144,982$466,705$335,764$1,115,967
42$1,209,794$437,597$295,036$1,168,257
43$1,279,580$405,426$251,306$1,224,477
44$1,354,794$369,990$204,423$1,285,005
45$1,435,939$331,075$154,227$1,350,257
46$1,523,564$288,456$100,552$1,420,693
47$1,618,272$241,896$43,226$1,496,821
48$1,720,730$191,142$0$1,579,199
49$1,831,665$135,930$0$1,669,977
50$1,951,882$75,977$0$1,772,338
51$2,082,263$10,989$0$1,883,356
52$2,223,778$0$0$2,003,875
53$2,377,495$0$0$2,141,355
54$2,544,589$0$0$2,292,125
55$2,726,350$0$0$2,456,143
56$2,924,201$0$0$2,634,693
57$3,139,705$0$0$2,829,188
58$3,374,584$0$0$3,041,182
59$3,630,730$0$0$3,272,388
60$3,910,230$0$0$3,524,688
61$4,215,378$0$0$3,800,156
62$4,548,699$0$0$4,101,074
63$4,912,975$0$0$4,429,955
64$5,311,267$0$0$4,789,564
65$5,746,945$0$0$5,182,948
66$6,223,721$0$0$5,613,460
67$6,745,681$0$0$6,084,792
68$7,317,327$0$0$6,601,012
69$7,943,613$0$0$7,166,596
70$8,629,998$0$0$7,786,476
71$9,382,493$0$0$8,466,085
72$10,207,718$0$0$9,211,403
73$11,112,964$0$0$10,029,019
74$12,106,263$0$0$10,926,191
75$13,196,461$0$0$11,910,913
76$14,393,304$0$0$12,991,988
77$15,707,524$0$0$14,179,118
78$17,150,948$0$0$15,482,986
79$18,736,600$0$0$16,915,363
80$20,478,831$0$0$18,489,216
81$22,393,449$0$0$20,218,828
82$24,497,870$0$0$22,119,939
83$26,811,281$0$0$24,209,884
84$29,354,821$0$0$26,507,766
85$32,151,779$0$0$29,034,628
86$35,227,813$0$0$31,813,657
87$38,611,195$0$0$34,870,399
88$42,333,071$0$0$38,232,998
89$46,427,760$0$0$41,932,465
90$50,933,073$0$0$46,002,969
91$55,890,674$0$0$50,482,156
92$61,346,466$0$0$55,411,507
93$67,351,029$0$0$60,836,727
94$73,960,096$0$0$66,808,176
95$81,235,074$0$0$73,381,346
96$89,243,628$0$0$80,617,379
97$98,060,316$0$0$88,583,649
98$107,767,291$0$0$97,354,392
99$118,455,080$0$0$107,011,410
100$130,223,433$0$0$117,644,840