Can I retire at age 30 with 549,000?

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 $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%15.6%
1 years$45,336$44,932$44,538$44,154$43,778$42,772
2 years$22,444$22,026$21,620$21,228$20,847$19,839
3 years$14,814$14,394$13,990$13,601$13,226$12,247
4 years$11,000$10,581$10,181$9,799$9,433$8,491
5 years$8,712$8,296$7,901$7,526$7,171$6,269
6 years$7,187$6,774$6,385$6,019$5,674$4,813
7 years$6,098$5,689$5,306$4,948$4,614$3,794
8 years$5,282$4,876$4,500$4,151$3,828$3,048
9 years$4,648$4,246$3,876$3,536$3,224$2,484
10 years$4,140$3,742$3,379$3,048$2,747$2,046
11 years$3,726$3,332$2,975$2,653$2,362$1,699
12 years$3,380$2,990$2,640$2,327$2,047$1,421
13 years$3,088$2,702$2,359$2,054$1,785$1,195
14 years$2,838$2,456$2,119$1,823$1,565$1,009
15 years$2,622$2,244$1,913$1,626$1,378$856
16 years$2,432$2,059$1,735$1,456$1,218$728
17 years$2,265$1,896$1,579$1,308$1,080$620
18 years$2,117$1,752$1,441$1,179$960$530
19 years$1,985$1,624$1,319$1,065$856$454
20 years$1,866$1,509$1,211$965$764$389
21 years$1,758$1,405$1,114$876$684$334
22 years$1,661$1,312$1,026$796$613$287
23 years$1,572$1,227$948$725$550$247
24 years$1,490$1,150$876$661$495$212
25 years$1,415$1,079$812$604$445$183
26 years$1,346$1,014$753$552$401$158
27 years$1,283$954$699$505$362$136
28 years$1,224$899$650$463$326$117
29 years$1,169$848$605$425$295$101
30 years$1,118$801$563$390$266$87
31 years$1,070$757$525$358$241$75
32 years$1,025$717$490$329$218$65
33 years$983$679$458$303$197$56
34 years$944$643$427$278$178$49
35 years$907$610$400$256$162$42
36 years$872$579$374$236$146$36
37 years$839$550$350$217$133$31
38 years$808$523$328$200$120$27
39 years$778$497$307$185$109$23
40 years$751$473$288$170$99$20
41 years$724$450$270$157$90$18
42 years$699$429$253$145$81$15
43 years$675$408$238$134$74$13
44 years$652$389$223$124$67$11
45 years$631$371$209$114$61$10
46 years$610$354$197$106$55$8
47 years$590$338$185$97$50$7
48 years$571$323$174$90$46$6
49 years$553$308$163$83$41$5
50 years$536$294$153$77$38$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $549,000, adding $6,047 every year, while hoping to spend $31,304 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: 72/10/18 Blend
29$549,000$549,000$549,000$549,000
30$611,235$582,138$573,629$652,231
31$640,274$577,356$559,538$675,485
32$671,226$571,290$543,926$696,591
33$704,252$563,845$526,709$718,903
34$739,531$554,918$507,799$742,534
35$777,257$544,403$487,104$767,612
36$817,643$532,184$464,528$794,274
37$860,923$518,142$439,970$822,676
38$907,354$502,148$413,326$852,989
39$957,218$484,066$384,486$885,401
40$1,010,823$463,754$353,335$920,121
41$1,068,508$441,060$319,753$957,380
42$1,130,647$415,823$283,616$997,434
43$1,197,648$387,874$244,793$1,040,566
44$1,269,962$357,033$203,146$1,087,088
45$1,348,081$323,110$158,535$1,137,346
46$1,432,548$285,906$110,809$1,191,721
47$1,523,961$245,208$59,813$1,250,636
48$1,622,974$200,792$5,387$1,314,559
49$1,730,309$152,423$0$1,384,004
50$1,846,759$99,850$0$1,469,663
51$1,973,195$42,809$0$1,563,806
52$2,110,577$0$0$1,666,131
53$2,259,959$0$0$1,779,531
54$2,422,503$0$0$1,908,071
55$2,599,485$0$0$2,048,053
56$2,792,311$0$0$2,200,592
57$3,002,527$0$0$2,366,915
58$3,231,835$0$0$2,548,372
59$3,482,108$0$0$2,746,448
60$3,755,409$0$0$2,962,780
61$4,054,008$0$0$3,199,167
62$4,380,403$0$0$3,457,593
63$4,737,347$0$0$3,740,240
64$5,127,869$0$0$4,049,510
65$5,555,304$0$0$4,388,051
66$6,023,325$0$0$4,758,777
67$6,535,979$0$0$5,164,895
68$7,097,719$0$0$5,609,940
69$7,713,451$0$0$6,097,803
70$8,388,578$0$0$6,632,772
71$9,129,051$0$0$7,219,567
72$9,941,425$0$0$7,863,387
73$10,832,920$0$0$8,569,962
74$11,811,487$0$0$9,345,599
75$12,885,886$0$0$10,197,248
76$14,065,768$0$0$11,132,565
77$15,361,761$0$0$12,159,983
78$16,785,577$0$0$13,288,792
79$18,350,114$0$0$14,529,228
80$20,069,585$0$0$15,892,565
81$21,959,646$0$0$17,391,224
82$24,037,547$0$0$19,038,892
83$26,322,292$0$0$20,850,646
84$28,834,817$0$0$22,843,097
85$31,598,191$0$0$25,034,547
86$34,637,829$0$0$27,445,161
87$37,981,734$0$0$30,097,155
88$41,660,758$0$0$33,015,010
89$45,708,897$0$0$36,225,696
90$50,163,607$0$0$39,758,931
91$55,066,157$0$0$43,647,460
92$60,462,023$0$0$47,927,362
93$66,401,309$0$0$52,638,392
94$72,939,225$0$0$57,824,354
95$80,136,606$0$0$63,533,514
96$88,060,483$0$0$69,819,058
97$96,784,719$0$0$76,739,588
98$106,390,702$0$0$84,359,681
99$116,968,114$0$0$92,750,492
100$128,615,778$0$0$101,990,429