Can I retire at age 30 with 544,000?

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 $544,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.5%
1 years$44,923$44,523$44,132$43,751$43,379$41,890
2 years$22,239$21,825$21,424$21,034$20,657$19,172
3 years$14,679$14,263$13,862$13,477$13,106$11,671
4 years$10,899$10,485$10,088$9,709$9,347$7,974
5 years$8,632$8,220$7,829$7,458$7,105$5,798
6 years$7,121$6,712$6,327$5,964$5,622$4,381
7 years$6,043$5,637$5,258$4,903$4,572$3,397
8 years$5,234$4,832$4,459$4,113$3,793$2,683
9 years$4,605$4,207$3,841$3,504$3,194$2,148
10 years$4,103$3,708$3,348$3,020$2,722$1,738
11 years$3,692$3,301$2,948$2,628$2,341$1,417
12 years$3,349$2,963$2,616$2,305$2,029$1,162
13 years$3,060$2,678$2,337$2,035$1,769$958
14 years$2,812$2,434$2,100$1,807$1,551$794
15 years$2,598$2,224$1,896$1,611$1,365$659
16 years$2,410$2,040$1,719$1,443$1,207$549
17 years$2,245$1,879$1,564$1,296$1,070$458
18 years$2,098$1,736$1,428$1,168$951$383
19 years$1,967$1,609$1,307$1,056$848$321
20 years$1,849$1,495$1,200$956$757$269
21 years$1,742$1,393$1,104$868$678$226
22 years$1,646$1,300$1,017$789$608$190
23 years$1,557$1,216$939$718$545$159
24 years$1,477$1,139$868$655$490$134
25 years$1,403$1,069$804$598$441$113
26 years$1,334$1,005$746$547$397$95
27 years$1,271$946$693$501$358$80
28 years$1,212$891$644$459$323$67
29 years$1,158$841$599$421$292$57
30 years$1,107$794$558$386$264$48
31 years$1,060$750$520$355$238$40
32 years$1,016$710$486$326$216$34
33 years$974$672$453$300$195$29
34 years$935$637$424$276$177$24
35 years$899$605$396$254$160$20
36 years$864$574$370$234$145$17
37 years$831$545$347$215$131$15
38 years$801$518$325$199$119$12
39 years$771$492$304$183$108$10
40 years$744$469$285$169$98$9
41 years$718$446$267$156$89$7
42 years$693$425$251$144$81$6
43 years$669$405$235$133$73$5
44 years$646$386$221$123$66$4
45 years$625$368$207$113$60$4
46 years$604$351$195$105$55$3
47 years$585$335$183$97$50$3
48 years$566$320$172$89$45$2
49 years$548$305$162$82$41$2
50 years$531$292$152$76$37$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $544,000, adding $2,233 every year, while hoping to spend $28,803 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: 85/9/6 Blend
29$544,000$544,000$544,000$544,000
30$601,791$572,959$564,527$652,583
31$632,528$570,388$552,793$683,472
32$665,434$566,726$539,700$713,227
33$700,701$561,888$525,173$744,997
34$738,538$555,786$509,131$778,964
35$779,175$548,326$491,493$815,329
36$822,864$539,407$472,172$854,314
37$869,883$528,924$451,075$896,163
38$920,534$516,764$428,110$941,144
39$975,152$502,809$403,175$989,553
40$1,034,104$486,934$376,168$1,041,715
41$1,097,793$469,004$346,980$1,097,989
42$1,166,662$448,879$315,498$1,158,769
43$1,241,198$426,410$281,603$1,224,490
44$1,321,935$401,440$245,172$1,295,631
45$1,409,463$373,801$206,076$1,372,719
46$1,504,429$343,318$164,181$1,456,337
47$1,607,545$309,804$119,344$1,547,123
48$1,719,592$273,062$71,420$1,645,785
49$1,841,432$232,884$20,255$1,753,100
50$1,974,014$189,051$0$1,869,924
51$2,118,378$141,329$0$1,999,400
52$2,275,673$89,474$0$2,141,898
53$2,447,160$33,227$0$2,297,278
54$2,634,228$0$0$2,466,813
55$2,838,408$0$0$2,654,653
56$3,061,382$0$0$2,863,384
57$3,305,003$0$0$3,091,451
58$3,571,311$0$0$3,340,766
59$3,862,553$0$0$3,613,430
60$4,181,200$0$0$3,911,762
61$4,529,977$0$0$4,238,311
62$4,911,881$0$0$4,595,886
63$5,330,215$0$0$4,987,579
64$5,788,614$0$0$5,416,797
65$6,291,084$0$0$5,887,290
66$6,842,034$0$0$6,403,190
67$7,446,323$0$0$6,969,046
68$8,109,301$0$0$7,589,871
69$8,836,862$0$0$8,271,185
70$9,635,497$0$0$9,019,068
71$10,512,357$0$0$9,840,217
72$11,475,319$0$0$10,742,012
73$12,533,060$0$0$11,732,581
74$13,695,139$0$0$12,820,875
75$14,972,087$0$0$14,016,761
76$16,375,505$0$0$15,331,103
77$17,918,174$0$0$16,775,875
78$19,614,175$0$0$18,364,264
79$21,479,021$0$0$20,110,803
80$23,529,804$0$0$22,031,500
81$25,785,354$0$0$24,143,995
82$28,266,418$0$0$26,467,720
83$30,995,857$0$0$29,024,088
84$33,998,855$0$0$31,836,690
85$37,303,164$0$0$34,931,520
86$40,939,361$0$0$38,337,219
87$44,941,134$0$0$42,085,343
88$49,345,605$0$0$46,210,665
89$54,193,678$0$0$50,751,496
90$59,530,421$0$0$55,750,054
91$65,405,495$0$0$61,252,855
92$71,873,620$0$0$67,311,155
93$78,995,092$0$0$73,981,433
94$86,836,351$0$0$81,325,922
95$95,470,606$0$0$89,413,197
96$104,978,529$0$0$98,318,824
97$115,449,013$0$0$108,126,068
98$126,980,010$0$0$118,926,680
99$139,679,458$0$0$130,821,764
100$153,666,296$0$0$143,922,732