Can I retire at age 30 with 547,000?

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 $547,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$45,171$44,768$44,376$43,993$43,619$42,967
2 years$22,362$21,945$21,542$21,150$20,771$20,116
3 years$14,760$14,341$13,939$13,551$13,178$12,540
4 years$10,959$10,543$10,144$9,763$9,399$8,782
5 years$8,680$8,265$7,872$7,499$7,145$6,552
6 years$7,161$6,749$6,362$5,997$5,653$5,085
7 years$6,076$5,668$5,287$4,930$4,598$4,054
8 years$5,263$4,859$4,484$4,136$3,814$3,295
9 years$4,631$4,230$3,862$3,523$3,212$2,717
10 years$4,125$3,729$3,367$3,037$2,737$2,266
11 years$3,712$3,320$2,964$2,643$2,354$1,906
12 years$3,368$2,979$2,630$2,318$2,040$1,615
13 years$3,077$2,693$2,350$2,047$1,779$1,376
14 years$2,828$2,447$2,112$1,817$1,559$1,178
15 years$2,612$2,236$1,907$1,620$1,373$1,012
16 years$2,423$2,051$1,729$1,451$1,213$873
17 years$2,257$1,889$1,573$1,303$1,076$755
18 years$2,110$1,746$1,436$1,175$957$655
19 years$1,978$1,618$1,314$1,061$853$569
20 years$1,859$1,503$1,206$961$762$495
21 years$1,752$1,400$1,110$872$682$431
22 years$1,655$1,307$1,023$793$611$376
23 years$1,566$1,223$944$722$548$329
24 years$1,485$1,145$873$659$493$287
25 years$1,410$1,075$809$602$444$251
26 years$1,342$1,010$750$550$400$220
27 years$1,278$951$697$504$360$193
28 years$1,219$896$648$461$325$169
29 years$1,164$845$603$423$293$148
30 years$1,113$798$561$388$265$130
31 years$1,066$755$523$357$240$114
32 years$1,021$714$488$328$217$100
33 years$980$676$456$301$196$88
34 years$940$641$426$277$178$78
35 years$904$608$398$255$161$68
36 years$869$577$373$235$146$60
37 years$836$548$349$217$132$53
38 years$805$521$327$200$120$46
39 years$776$495$306$184$109$41
40 years$748$471$287$170$99$36
41 years$721$448$269$157$89$32
42 years$696$427$252$145$81$28
43 years$673$407$237$133$74$24
44 years$650$388$222$123$67$21
45 years$628$370$209$114$61$19
46 years$608$353$196$105$55$17
47 years$588$337$184$97$50$15
48 years$569$321$173$90$45$13
49 years$551$307$163$83$41$11
50 years$534$293$153$77$37$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $547,000, adding $2,932 every year, while hoping to spend $30,557 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: 55/22/23 Blend
29$547,000$547,000$547,000$547,000
30$605,818$576,827$568,349$635,181
31$635,099$572,579$554,876$651,395
32$666,343$567,099$539,928$665,591
33$699,717$560,294$523,423$680,403
34$735,406$552,066$505,275$695,903
35$773,610$542,311$485,395$712,166
36$814,552$530,918$463,689$729,278
37$858,475$517,771$440,061$747,338
38$905,644$502,746$414,407$766,454
39$956,351$485,713$386,622$786,747
40$1,010,919$466,532$356,593$808,354
41$1,069,698$445,057$324,205$831,426
42$1,133,076$421,134$289,335$856,134
43$1,201,478$394,598$251,856$882,667
44$1,275,372$365,276$211,635$911,237
45$1,355,269$332,985$168,535$942,080
46$1,441,736$297,530$122,410$975,459
47$1,535,391$258,707$73,109$1,011,666
48$1,636,917$216,299$20,474$1,051,028
49$1,747,063$170,079$0$1,093,907
50$1,866,654$119,804$0$1,149,467
51$1,996,598$65,219$0$1,215,328
52$2,137,891$6,055$0$1,287,001
53$2,291,632$0$0$1,365,087
54$2,459,028$0$0$1,464,282
55$2,641,409$0$0$1,574,000
56$2,840,237$0$0$1,693,660
57$3,057,121$0$0$1,824,238
58$3,293,834$0$0$1,966,806
59$3,552,326$0$0$2,122,545
60$3,834,743$0$0$2,292,757
61$4,143,449$0$0$2,478,872
62$4,481,046$0$0$2,682,467
63$4,850,399$0$0$2,905,277
64$5,254,664$0$0$3,149,213
65$5,697,314$0$0$3,416,381
66$6,182,174$0$0$3,709,096
67$6,713,457$0$0$4,029,913
68$7,295,804$0$0$4,381,641
69$7,934,323$0$0$4,767,377
70$8,634,644$0$0$5,190,530
71$9,402,964$0$0$5,654,857
72$10,246,112$0$0$6,164,494
73$11,171,608$0$0$6,723,998
74$12,187,737$0$0$7,338,390
75$13,303,625$0$0$8,013,199
76$14,529,326$0$0$8,754,517
77$15,875,912$0$0$9,569,054
78$17,355,585$0$0$10,464,204
79$18,981,785$0$0$11,448,111
80$20,769,319$0$0$12,529,748
81$22,734,501$0$0$13,719,001
82$24,895,303$0$0$15,026,760
83$27,271,525$0$0$16,465,027
84$29,884,985$0$0$18,047,021
85$32,759,718$0$0$19,787,310
86$35,922,208$0$0$21,701,941
87$39,401,633$0$0$23,808,600
88$43,230,143$0$0$26,126,769
89$47,443,162$0$0$28,677,917
90$52,079,720$0$0$31,485,697
91$57,182,825$0$0$34,576,174
92$62,799,861$0$0$37,978,066
93$68,983,043$0$0$41,723,018
94$75,789,905$0$0$45,845,897
95$83,283,839$0$0$50,385,124
96$91,534,701$0$0$55,383,036
97$100,619,462$0$0$60,886,281
98$110,622,938$0$0$66,946,263
99$121,638,588$0$0$73,619,626
100$133,769,395$0$0$80,968,784