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%18.4%
1 years$44,923$44,523$44,132$43,751$43,379$41,907
2 years$22,239$21,825$21,424$21,034$20,657$19,188
3 years$14,679$14,263$13,862$13,477$13,106$11,687
4 years$10,899$10,485$10,088$9,709$9,347$7,989
5 years$8,632$8,220$7,829$7,458$7,105$5,812
6 years$7,121$6,712$6,327$5,964$5,622$4,394
7 years$6,043$5,637$5,258$4,903$4,572$3,409
8 years$5,234$4,832$4,459$4,113$3,793$2,694
9 years$4,605$4,207$3,841$3,504$3,194$2,158
10 years$4,103$3,708$3,348$3,020$2,722$1,747
11 years$3,692$3,301$2,948$2,628$2,341$1,425
12 years$3,349$2,963$2,616$2,305$2,029$1,170
13 years$3,060$2,678$2,337$2,035$1,769$966
14 years$2,812$2,434$2,100$1,807$1,551$800
15 years$2,598$2,224$1,896$1,611$1,365$665
16 years$2,410$2,040$1,719$1,443$1,207$554
17 years$2,245$1,879$1,564$1,296$1,070$463
18 years$2,098$1,736$1,428$1,168$951$387
19 years$1,967$1,609$1,307$1,056$848$325
20 years$1,849$1,495$1,200$956$757$272
21 years$1,742$1,393$1,104$868$678$229
22 years$1,646$1,300$1,017$789$608$192
23 years$1,557$1,216$939$718$545$162
24 years$1,477$1,139$868$655$490$136
25 years$1,403$1,069$804$598$441$115
26 years$1,334$1,005$746$547$397$97
27 years$1,271$946$693$501$358$82
28 years$1,212$891$644$459$323$69
29 years$1,158$841$599$421$292$58
30 years$1,107$794$558$386$264$49
31 years$1,060$750$520$355$238$41
32 years$1,016$710$486$326$216$35
33 years$974$672$453$300$195$29
34 years$935$637$424$276$177$25
35 years$899$605$396$254$160$21
36 years$864$574$370$234$145$18
37 years$831$545$347$215$131$15
38 years$801$518$325$199$119$13
39 years$771$492$304$183$108$11
40 years$744$469$285$169$98$9
41 years$718$446$267$156$89$8
42 years$693$425$251$144$81$6
43 years$669$405$235$133$73$5
44 years$646$386$221$123$66$5
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 $2,374 every year, while hoping to spend $36,100 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: 42/36/22 Blend
29$544,000$544,000$544,000$544,000
30$601,937$573,105$564,673$623,251
31$624,924$562,777$545,179$628,330
32$649,046$550,733$523,823$630,173
33$674,381$536,851$500,503$631,439
34$701,013$521,001$475,114$632,094
35$729,033$503,047$447,547$632,105
36$758,541$482,843$417,687$631,437
37$789,646$460,236$385,413$630,054
38$822,467$435,065$350,602$627,923
39$857,132$407,156$313,120$625,007
40$893,782$376,330$272,832$621,274
41$932,571$342,393$229,596$616,689
42$973,667$305,144$183,261$611,220
43$1,017,252$264,368$133,671$604,835
44$1,063,528$219,838$80,666$597,504
45$1,112,714$171,315$24,073$589,201
46$1,165,048$118,547$0$579,899
47$1,220,794$61,267$0$578,105
48$1,280,239$0$0$581,860
49$1,343,697$0$0$585,859
50$1,411,513$0$0$616,112
51$1,484,066$0$0$648,520
52$1,561,769$0$0$683,276
53$1,645,078$0$0$720,588
54$1,734,490$0$0$760,685
55$1,830,552$0$0$803,821
56$1,933,867$0$0$850,271
57$2,045,092$0$0$900,339
58$2,164,952$0$0$954,359
59$2,294,243$0$0$1,012,699
60$2,433,838$0$0$1,075,760
61$2,584,698$0$0$1,143,986
62$2,747,877$0$0$1,217,865
63$2,924,537$0$0$1,297,930
64$3,115,951$0$0$1,384,771
65$3,323,523$0$0$1,479,034
66$3,548,793$0$0$1,581,433
67$3,793,460$0$0$1,692,750
68$4,059,386$0$0$1,813,847
69$4,348,626$0$0$1,945,671
70$4,663,436$0$0$2,089,266
71$5,006,302$0$0$2,245,779
72$5,379,956$0$0$2,416,474
73$5,787,408$0$0$2,602,741
74$6,231,969$0$0$2,806,111
75$6,717,283$0$0$3,028,268
76$7,247,364$0$0$3,271,066
77$7,826,629$0$0$3,536,549
78$8,459,939$0$0$3,826,963
79$9,152,649$0$0$4,144,785
80$9,910,654$0$0$4,492,741
81$10,740,445$0$0$4,873,831
82$11,649,171$0$0$5,291,361
83$12,644,702$0$0$5,748,972
84$13,735,708$0$0$6,250,673
85$14,931,736$0$0$6,800,879
86$16,243,301$0$0$7,404,455
87$17,681,984$0$0$8,066,757
88$19,260,542$0$0$8,793,686
89$20,993,025$0$0$9,591,741
90$22,894,910$0$0$10,468,082
91$24,983,246$0$0$11,430,597
92$27,276,813$0$0$12,487,973
93$29,796,301$0$0$13,649,783
94$32,564,500$0$0$14,926,570
95$35,606,518$0$0$16,329,952
96$38,950,016$0$0$17,872,726
97$42,625,467$0$0$19,568,993
98$46,666,444$0$0$21,434,285
99$51,109,936$0$0$23,485,720
100$55,996,695$0$0$25,742,152