Can I retire at age 30 with 543,000?

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 $543,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$44,840$44,441$44,051$43,671$43,300$42,339
2 years$22,198$21,785$21,384$20,996$20,619$19,656
3 years$14,652$14,237$13,837$13,452$13,081$12,146
4 years$10,879$10,465$10,070$9,691$9,330$8,430
5 years$8,616$8,205$7,815$7,444$7,092$6,230
6 years$7,108$6,700$6,315$5,953$5,612$4,788
7 years$6,032$5,627$5,248$4,894$4,564$3,779
8 years$5,224$4,823$4,451$4,106$3,786$3,039
9 years$4,597$4,199$3,833$3,497$3,189$2,480
10 years$4,095$3,702$3,342$3,015$2,717$2,045
11 years$3,685$3,295$2,942$2,624$2,337$1,701
12 years$3,343$2,958$2,611$2,301$2,025$1,424
13 years$3,054$2,673$2,333$2,032$1,766$1,199
14 years$2,807$2,430$2,096$1,803$1,548$1,014
15 years$2,593$2,219$1,893$1,608$1,363$861
16 years$2,406$2,036$1,716$1,440$1,204$733
17 years$2,241$1,875$1,561$1,294$1,068$626
18 years$2,094$1,733$1,425$1,166$950$536
19 years$1,963$1,606$1,305$1,054$846$459
20 years$1,845$1,492$1,198$954$756$394
21 years$1,739$1,390$1,101$866$677$339
22 years$1,643$1,298$1,015$787$606$292
23 years$1,555$1,214$937$717$544$251
24 years$1,474$1,137$867$654$489$217
25 years$1,400$1,067$803$597$440$187
26 years$1,332$1,003$745$546$397$161
27 years$1,269$944$691$500$358$139
28 years$1,210$889$643$458$323$120
29 years$1,156$839$598$420$291$104
30 years$1,105$792$557$386$263$90
31 years$1,058$749$519$354$238$78
32 years$1,014$709$485$325$215$67
33 years$972$671$453$299$195$58
34 years$934$636$423$275$176$50
35 years$897$603$395$253$160$44
36 years$862$573$370$233$145$38
37 years$830$544$346$215$131$33
38 years$799$517$324$198$119$28
39 years$770$492$304$183$108$25
40 years$742$468$285$169$98$21
41 years$716$445$267$156$89$18
42 years$691$424$250$144$81$16
43 years$668$404$235$133$73$14
44 years$645$385$221$122$66$12
45 years$624$367$207$113$60$10
46 years$603$350$194$104$55$9
47 years$584$334$183$96$50$8
48 years$565$319$172$89$45$7
49 years$547$305$161$82$41$6
50 years$530$291$152$76$37$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $543,000, adding $6,116 every year, while hoping to spend $34,728 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: 62/10/28 Blend
29$543,000$543,000$543,000$543,000
30$604,695$575,916$567,499$637,299
31$629,423$567,185$549,560$651,441
32$655,510$556,863$529,856$662,570
33$683,057$544,834$508,291$673,982
34$712,176$530,978$484,766$685,712
35$742,987$515,165$459,175$697,798
36$775,623$497,260$431,409$710,285
37$810,229$477,118$401,353$723,225
38$846,963$454,587$368,889$736,673
39$885,998$429,507$333,891$750,697
40$927,522$401,705$296,229$765,369
41$971,743$371,002$255,767$780,772
42$1,018,888$337,208$212,362$797,000
43$1,069,204$300,121$165,866$814,160
44$1,122,964$259,528$116,123$832,369
45$1,180,465$215,204$62,972$851,761
46$1,242,035$166,911$6,244$872,485
47$1,308,031$114,398$0$894,709
48$1,378,847$57,401$0$934,842
49$1,454,915$0$0$979,918
50$1,536,707$0$0$1,028,841
51$1,624,744$0$0$1,088,326
52$1,719,596$0$0$1,152,447
53$1,821,891$0$0$1,221,632
54$1,932,317$0$0$1,296,350
55$2,051,631$0$0$1,377,118
56$2,180,665$0$0$1,464,503
57$2,320,333$0$0$1,559,130
58$2,471,641$0$0$1,661,683
59$2,635,693$0$0$1,772,918
60$2,813,704$0$0$1,893,664
61$3,007,011$0$0$2,024,833
62$3,217,085$0$0$2,167,429
63$3,445,542$0$0$2,322,555
64$3,694,161$0$0$2,491,427
65$3,964,900$0$0$2,675,381
66$4,259,914$0$0$2,875,888
67$4,581,573$0$0$3,094,567
68$4,932,486$0$0$3,333,199
69$5,315,526$0$0$3,593,745
70$5,733,853$0$0$3,878,365
71$6,190,948$0$0$4,189,435
72$6,690,643$0$0$4,529,571
73$7,237,155$0$0$4,901,655
74$7,835,129$0$0$5,308,859
75$8,489,680$0$0$5,754,676
76$9,206,440$0$0$6,242,951
77$9,991,609$0$0$6,777,922
78$10,852,019$0$0$7,364,252
79$11,795,190$0$0$8,007,081
80$12,829,407$0$0$8,712,065
81$13,963,793$0$0$9,485,439
82$15,208,400$0$0$10,334,065
83$16,574,296$0$0$11,265,507
84$18,073,674$0$0$12,288,092
85$19,719,966$0$0$13,410,997
86$21,527,967$0$0$14,644,328
87$23,513,977$0$0$15,999,219
88$25,695,949$0$0$17,487,936
89$28,093,664$0$0$19,123,991
90$30,728,913$0$0$20,922,271
91$33,625,703$0$0$22,899,176
92$36,810,482$0$0$25,072,774
93$40,312,390$0$0$27,462,972
94$44,163,530$0$0$30,091,703
95$48,399,274$0$0$32,983,132
96$53,058,592$0$0$36,163,881
97$58,184,423$0$0$39,663,285
98$63,824,074$0$0$43,513,666
99$70,029,673$0$0$47,750,634
100$76,858,652$0$0$52,413,428