Can I retire at age 30 with 545,000?

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 $545,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$45,006$44,605$44,214$43,832$43,459$42,102
2 years$22,280$21,865$21,463$21,073$20,695$19,339
3 years$14,706$14,289$13,888$13,502$13,130$11,819
4 years$10,919$10,504$10,107$9,727$9,364$8,108
5 years$8,648$8,235$7,843$7,471$7,118$5,920
6 years$7,135$6,725$6,339$5,975$5,633$4,493
7 years$6,054$5,647$5,267$4,912$4,581$3,500
8 years$5,244$4,841$4,467$4,121$3,800$2,777
9 years$4,614$4,215$3,848$3,510$3,200$2,234
10 years$4,110$3,715$3,354$3,026$2,727$1,817
11 years$3,698$3,307$2,953$2,633$2,345$1,489
12 years$3,356$2,969$2,621$2,310$2,032$1,228
13 years$3,066$2,683$2,342$2,039$1,772$1,018
14 years$2,817$2,438$2,104$1,810$1,553$848
15 years$2,602$2,228$1,900$1,614$1,368$708
16 years$2,415$2,044$1,722$1,445$1,209$593
17 years$2,249$1,882$1,567$1,299$1,072$498
18 years$2,102$1,739$1,431$1,170$953$419
19 years$1,970$1,612$1,310$1,058$849$353
20 years$1,852$1,498$1,202$958$759$298
21 years$1,746$1,395$1,106$869$679$251
22 years$1,649$1,302$1,019$790$609$213
23 years$1,560$1,218$941$720$546$180
24 years$1,479$1,141$870$657$491$152
25 years$1,405$1,071$806$600$442$129
26 years$1,337$1,007$747$548$398$109
27 years$1,273$947$694$502$359$93
28 years$1,215$893$645$460$324$79
29 years$1,160$842$600$422$292$67
30 years$1,109$795$559$387$264$57
31 years$1,062$752$521$355$239$48
32 years$1,018$711$486$327$216$41
33 years$976$674$454$300$196$35
34 years$937$639$424$276$177$29
35 years$900$606$397$254$160$25
36 years$866$575$371$234$145$21
37 years$833$546$347$216$132$18
38 years$802$519$325$199$119$15
39 years$773$493$305$183$108$13
40 years$745$469$286$169$98$11
41 years$719$447$268$156$89$9
42 years$694$426$251$144$81$8
43 years$670$405$236$133$73$7
44 years$648$386$221$123$67$6
45 years$626$369$208$113$60$5
46 years$605$352$195$105$55$4
47 years$586$336$183$97$50$4
48 years$567$320$172$89$45$3
49 years$549$306$162$83$41$3
50 years$532$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 $545,000, adding $3,752 every year, while hoping to spend $41,670 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: 85/5/10 Blend
29$545,000$545,000$545,000$545,000
30$604,460$575,575$567,128$654,641
31$621,779$559,442$541,790$671,858
32$639,467$541,121$514,207$684,744
33$657,519$520,462$484,259$697,608
34$675,926$497,305$451,822$710,420
35$694,678$471,481$416,765$723,149
36$713,761$442,810$378,953$735,760
37$733,161$411,103$338,244$748,211
38$752,856$376,161$294,488$760,461
39$772,826$337,770$247,532$772,460
40$793,042$295,709$197,212$784,156
41$813,474$249,741$143,361$795,489
42$834,086$199,616$85,801$806,395
43$854,836$145,070$24,348$816,801
44$875,676$85,825$0$826,628
45$896,552$21,587$0$840,190
46$917,401$0$0$856,048
47$938,152$0$0$874,158
48$958,727$0$0$893,285
49$979,034$0$0$912,156
50$998,971$0$0$930,677
51$1,018,425$0$0$948,740
52$1,037,265$0$0$966,224
53$1,055,349$0$0$982,993
54$1,072,514$0$0$998,897
55$1,088,580$0$0$1,013,765
56$1,103,345$0$0$1,027,410
57$1,116,584$0$0$1,039,618
58$1,128,044$0$0$1,050,155
59$1,137,447$0$0$1,058,759
60$1,144,481$0$0$1,065,136
61$1,148,799$0$0$1,068,964
62$1,150,017$0$0$1,069,880
63$1,147,706$0$0$1,067,484
64$1,141,391$0$0$1,061,331
65$1,130,546$0$0$1,050,926
66$1,114,586$0$0$1,035,723
67$1,092,862$0$0$1,015,113
68$1,064,658$0$0$988,423
69$1,029,176$0$0$954,910
70$985,538$0$0$913,746
71$932,766$0$0$864,019
72$869,784$0$0$804,717
73$795,396$0$0$734,722
74$708,282$0$0$652,798
75$606,983$0$0$557,576
76$489,886$0$0$447,545
77$355,205$0$0$321,032
78$200,971$0$0$176,193
79$25,005$0$0$10,986
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0