Can I retire at age 30 with 549,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $549,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$45,336$44,932$44,538$44,154$43,778$43,448
2 years$22,444$22,026$21,620$21,228$20,847$20,513
3 years$14,814$14,394$13,990$13,601$13,226$12,900
4 years$11,000$10,581$10,181$9,799$9,433$9,117
5 years$8,712$8,296$7,901$7,526$7,171$6,866
6 years$7,187$6,774$6,385$6,019$5,674$5,381
7 years$6,098$5,689$5,306$4,948$4,614$4,333
8 years$5,282$4,876$4,500$4,151$3,828$3,558
9 years$4,648$4,246$3,876$3,536$3,224$2,965
10 years$4,140$3,742$3,379$3,048$2,747$2,500
11 years$3,726$3,332$2,975$2,653$2,362$2,127
12 years$3,380$2,990$2,640$2,327$2,047$1,822
13 years$3,088$2,702$2,359$2,054$1,785$1,571
14 years$2,838$2,456$2,119$1,823$1,565$1,361
15 years$2,622$2,244$1,913$1,626$1,378$1,184
16 years$2,432$2,059$1,735$1,456$1,218$1,034
17 years$2,265$1,896$1,579$1,308$1,080$906
18 years$2,117$1,752$1,441$1,179$960$795
19 years$1,985$1,624$1,319$1,065$856$700
20 years$1,866$1,509$1,211$965$764$617
21 years$1,758$1,405$1,114$876$684$545
22 years$1,661$1,312$1,026$796$613$482
23 years$1,572$1,227$948$725$550$427
24 years$1,490$1,150$876$661$495$379
25 years$1,415$1,079$812$604$445$336
26 years$1,346$1,014$753$552$401$298
27 years$1,283$954$699$505$362$265
28 years$1,224$899$650$463$326$236
29 years$1,169$848$605$425$295$210
30 years$1,118$801$563$390$266$187
31 years$1,070$757$525$358$241$167
32 years$1,025$717$490$329$218$149
33 years$983$679$458$303$197$133
34 years$944$643$427$278$178$118
35 years$907$610$400$256$162$105
36 years$872$579$374$236$146$94
37 years$839$550$350$217$133$84
38 years$808$523$328$200$120$75
39 years$778$497$307$185$109$67
40 years$751$473$288$170$99$60
41 years$724$450$270$157$90$53
42 years$699$429$253$145$81$48
43 years$675$408$238$134$74$43
44 years$652$389$223$124$67$38
45 years$631$371$209$114$61$34
46 years$610$354$197$106$55$30
47 years$590$338$185$97$50$27
48 years$571$323$174$90$46$24
49 years$553$308$163$83$41$22
50 years$536$294$153$77$38$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $549,000, adding $5,406 every year, while hoping to spend $38,516 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: 50/40/10 Blend
29$549,000$549,000$549,000$549,000
30$610,574$581,477$572,968$639,218
31$631,872$568,989$551,181$646,904
32$654,051$554,598$527,374$650,722
33$677,162$538,170$501,438$653,980
34$701,255$519,564$473,260$656,638
35$726,390$498,629$442,721$658,651
36$752,627$475,207$409,697$659,975
37$780,033$449,130$374,059$660,562
38$808,679$420,220$335,673$660,363
39$838,643$388,289$294,397$659,328
40$870,009$353,140$250,084$657,405
41$902,868$314,562$202,580$654,540
42$937,318$272,333$151,724$650,677
43$973,467$226,220$97,349$645,760
44$1,011,429$175,973$39,279$639,731
45$1,051,332$121,333$0$632,531
46$1,093,312$62,023$0$626,521
47$1,137,519$0$0$623,850
48$1,184,115$0$0$621,272
49$1,233,276$0$0$647,378
50$1,285,195$0$0$674,973
51$1,340,083$0$0$704,171
52$1,398,170$0$0$735,099
53$1,459,705$0$0$767,894
54$1,524,963$0$0$802,704
55$1,594,243$0$0$839,694
56$1,667,872$0$0$879,044
57$1,746,209$0$0$920,949
58$1,829,644$0$0$965,623
59$1,918,607$0$0$1,013,303
60$2,013,569$0$0$1,064,246
61$2,115,043$0$0$1,118,733
62$2,223,594$0$0$1,177,075
63$2,339,842$0$0$1,239,612
64$2,464,464$0$0$1,306,715
65$2,598,205$0$0$1,378,793
66$2,741,882$0$0$1,456,295
67$2,896,392$0$0$1,539,714
68$3,062,720$0$0$1,629,591
69$3,241,946$0$0$1,726,518
70$3,435,258$0$0$1,831,150
71$3,643,961$0$0$1,944,202
72$3,869,489$0$0$2,066,464
73$4,113,416$0$0$2,198,801
74$4,377,475$0$0$2,342,165
75$4,663,570$0$0$2,497,604
76$4,973,793$0$0$2,666,268
77$5,310,447$0$0$2,849,424
78$5,676,064$0$0$3,048,465
79$6,073,428$0$0$3,264,923
80$6,505,603$0$0$3,500,483
81$6,975,959$0$0$3,757,000
82$7,488,205$0$0$4,036,515
83$8,046,423$0$0$4,341,274
84$8,655,103$0$0$4,673,749
85$9,319,188$0$0$5,036,661
86$10,044,121$0$0$5,433,005
87$10,835,889$0$0$5,866,078
88$11,701,086$0$0$6,339,510
89$12,646,971$0$0$6,857,297
90$13,681,537$0$0$7,423,841
91$14,813,582$0$0$8,043,985
92$16,052,797$0$0$8,723,066
93$17,409,850$0$0$9,466,959
94$18,896,493$0$0$10,282,134
95$20,525,665$0$0$11,175,718
96$22,311,616$0$0$12,155,558
97$24,270,043$0$0$13,230,300
98$26,418,233$0$0$14,409,464
99$28,775,227$0$0$15,703,538
100$31,361,998$0$0$17,124,073