Can I retire at age 30 with 542,000?

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 $542,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$44,758$44,359$43,970$43,591$43,220$42,751
2 years$22,157$21,745$21,345$20,957$20,581$20,109
3 years$14,625$14,210$13,811$13,427$13,057$12,596
4 years$10,859$10,446$10,051$9,674$9,313$8,867
5 years$8,601$8,190$7,800$7,430$7,079$6,650
6 years$7,095$6,688$6,304$5,942$5,602$5,189
7 years$6,020$5,616$5,238$4,885$4,556$4,160
8 years$5,215$4,814$4,443$4,098$3,779$3,400
9 years$4,588$4,192$3,826$3,491$3,183$2,821
10 years$4,088$3,695$3,336$3,009$2,712$2,366
11 years$3,678$3,289$2,937$2,619$2,332$2,003
12 years$3,337$2,952$2,606$2,297$2,021$1,708
13 years$3,049$2,668$2,329$2,028$1,762$1,465
14 years$2,802$2,425$2,092$1,800$1,545$1,262
15 years$2,588$2,215$1,889$1,605$1,360$1,093
16 years$2,401$2,033$1,713$1,437$1,202$949
17 years$2,237$1,872$1,559$1,292$1,066$826
18 years$2,090$1,730$1,423$1,164$948$721
19 years$1,960$1,603$1,302$1,052$845$631
20 years$1,842$1,490$1,195$953$755$553
21 years$1,736$1,388$1,099$864$675$486
22 years$1,640$1,295$1,013$786$605$427
23 years$1,552$1,211$936$716$543$376
24 years$1,471$1,135$865$653$488$331
25 years$1,397$1,065$801$596$439$292
26 years$1,329$1,001$743$545$396$258
27 years$1,266$942$690$499$357$228
28 years$1,208$888$642$457$322$201
29 years$1,154$837$597$419$291$178
30 years$1,103$791$556$385$263$158
31 years$1,056$748$519$353$238$140
32 years$1,012$707$484$325$215$124
33 years$971$670$452$299$194$109
34 years$932$635$422$275$176$97
35 years$895$602$395$253$159$86
36 years$861$572$369$233$144$76
37 years$828$543$345$215$131$68
38 years$798$516$324$198$119$60
39 years$769$491$303$182$108$53
40 years$741$467$284$168$98$47
41 years$715$444$266$155$89$42
42 years$690$423$250$143$80$37
43 years$666$403$234$132$73$33
44 years$644$384$220$122$66$29
45 years$623$367$207$113$60$26
46 years$602$350$194$104$55$23
47 years$583$334$182$96$50$20
48 years$564$319$171$89$45$18
49 years$546$304$161$82$41$16
50 years$529$291$151$76$37$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $542,000, adding $5,694 every year, while hoping to spend $39,199 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: 53/30/17 Blend
29$542,000$542,000$542,000$542,000
30$603,157$574,431$566,030$632,065
31$622,972$560,871$543,285$638,917
32$643,494$545,333$518,464$641,750
33$664,754$527,677$491,456$643,967
34$686,785$507,759$462,145$645,520
35$709,620$485,423$430,411$646,360
36$733,298$460,506$396,127$646,435
37$757,857$432,833$359,159$645,689
38$783,338$402,222$319,371$644,066
39$809,787$368,478$276,617$641,504
40$837,249$331,397$230,748$637,941
41$865,775$290,763$181,605$633,309
42$895,420$246,346$129,024$627,541
43$926,240$197,904$72,834$620,562
44$958,298$145,183$12,856$612,299
45$991,660$87,913$0$602,671
46$1,026,396$25,807$0$600,875
47$1,062,584$0$0$600,638
48$1,100,305$0$0$613,252
49$1,139,647$0$0$635,305
50$1,180,707$0$0$658,331
51$1,223,586$0$0$682,390
52$1,268,396$0$0$707,546
53$1,315,256$0$0$733,867
54$1,364,297$0$0$761,429
55$1,415,660$0$0$790,312
56$1,469,495$0$0$820,605
57$1,525,970$0$0$852,403
58$1,585,262$0$0$885,809
59$1,647,566$0$0$920,936
60$1,713,095$0$0$957,907
61$1,782,078$0$0$996,854
62$1,854,767$0$0$1,037,923
63$1,931,433$0$0$1,081,271
64$2,012,375$0$0$1,127,072
65$2,097,917$0$0$1,175,513
66$2,188,413$0$0$1,226,800
67$2,284,250$0$0$1,281,156
68$2,385,850$0$0$1,338,827
69$2,493,674$0$0$1,400,081
70$2,608,226$0$0$1,465,211
71$2,730,060$0$0$1,534,538
72$2,859,777$0$0$1,608,411
73$2,998,041$0$0$1,687,216
74$3,145,574$0$0$1,771,374
75$3,303,170$0$0$1,861,346
76$3,471,698$0$0$1,957,638
77$3,652,112$0$0$2,060,804
78$3,845,457$0$0$2,171,453
79$4,052,879$0$0$2,290,253
80$4,275,636$0$0$2,417,935
81$4,515,109$0$0$2,555,304
82$4,772,815$0$0$2,703,243
83$5,050,417$0$0$2,862,722
84$5,349,744$0$0$3,034,805
85$5,672,804$0$0$3,220,664
86$6,021,804$0$0$3,421,584
87$6,399,169$0$0$3,638,979
88$6,807,564$0$0$3,874,403
89$7,249,919$0$0$4,129,564
90$7,729,455$0$0$4,406,340
91$8,249,716$0$0$4,706,798
92$8,814,597$0$0$5,033,209
93$9,428,383$0$0$5,388,073
94$10,095,789$0$0$5,774,140
95$10,821,999$0$0$6,194,434
96$11,612,721$0$0$6,652,286
97$12,474,234$0$0$7,151,358
98$13,413,446$0$0$7,695,683
99$14,437,964$0$0$8,289,698
100$15,556,157$0$0$8,938,287