Can I retire at age 30 with 550,000?

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 $550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$45,418$45,014$44,619$44,234$43,858$43,636
2 years$22,484$22,066$21,660$21,266$20,885$20,661
3 years$14,841$14,420$14,015$13,626$13,250$13,031
4 years$11,020$10,600$10,200$9,816$9,450$9,238
5 years$8,728$8,311$7,915$7,540$7,184$6,979
6 years$7,200$6,786$6,397$6,030$5,684$5,487
7 years$6,109$5,699$5,316$4,957$4,623$4,433
8 years$5,292$4,885$4,508$4,159$3,835$3,653
9 years$4,656$4,254$3,883$3,542$3,230$3,055
10 years$4,148$3,749$3,385$3,053$2,752$2,584
11 years$3,732$3,338$2,980$2,657$2,367$2,207
12 years$3,386$2,996$2,645$2,331$2,051$1,898
13 years$3,094$2,707$2,363$2,058$1,788$1,643
14 years$2,843$2,461$2,123$1,827$1,568$1,429
15 years$2,626$2,248$1,917$1,629$1,380$1,248
16 years$2,437$2,063$1,738$1,459$1,220$1,094
17 years$2,270$1,900$1,582$1,311$1,082$962
18 years$2,121$1,755$1,444$1,181$962$849
19 years$1,989$1,627$1,322$1,067$857$750
20 years$1,869$1,512$1,213$967$766$664
21 years$1,762$1,408$1,116$877$685$589
22 years$1,664$1,314$1,028$798$614$524
23 years$1,575$1,229$949$726$551$466
24 years$1,493$1,152$878$663$496$415
25 years$1,418$1,081$813$605$446$370
26 years$1,349$1,016$754$553$402$330
27 years$1,285$956$700$506$362$295
28 years$1,226$901$651$464$327$264
29 years$1,171$850$606$425$295$236
30 years$1,120$803$564$390$267$211
31 years$1,072$759$526$359$241$189
32 years$1,027$718$491$330$218$169
33 years$985$680$458$303$197$152
34 years$946$644$428$279$179$136
35 years$908$611$400$257$162$122
36 years$874$580$375$236$147$109
37 years$841$551$351$218$133$98
38 years$809$524$328$201$120$88
39 years$780$498$308$185$109$79
40 years$752$474$288$171$99$71
41 years$725$451$270$158$90$64
42 years$700$429$254$145$82$57
43 years$676$409$238$134$74$51
44 years$653$390$223$124$67$46
45 years$632$372$210$114$61$41
46 years$611$355$197$106$55$37
47 years$591$339$185$98$50$34
48 years$572$323$174$90$46$30
49 years$554$309$163$83$41$27
50 years$537$295$154$77$38$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $550,000, adding $4,282 every year, while hoping to spend $22,982 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: 48/28/24 Blend
29$550,000$550,000$550,000$550,000
30$610,517$581,367$572,842$635,473
31$648,337$585,401$567,579$657,400
32$689,244$588,863$561,370$678,570
33$733,530$591,700$554,159$701,096
34$781,513$593,856$545,886$725,116
35$833,545$595,273$536,491$750,784
36$890,012$595,887$525,909$778,270
37$951,339$595,631$514,073$807,763
38$1,017,994$594,436$500,913$839,471
39$1,090,491$592,224$486,355$873,626
40$1,169,396$588,917$470,322$910,485
41$1,255,330$584,430$452,734$950,332
42$1,348,979$578,673$433,506$993,483
43$1,451,097$571,550$412,551$1,040,286
44$1,562,514$562,961$389,776$1,091,128
45$1,684,142$552,798$365,085$1,146,437
46$1,816,987$540,948$338,378$1,206,686
47$1,962,156$527,290$309,550$1,272,399
48$2,120,867$511,699$278,491$1,344,157
49$2,294,462$494,038$245,087$1,422,601
50$2,484,417$474,166$209,217$1,508,441
51$2,692,359$451,931$170,757$1,602,462
52$2,920,079$427,175$129,577$1,705,532
53$3,169,548$399,729$85,540$1,818,611
54$3,442,940$369,413$38,503$1,942,761
55$3,742,646$336,040$0$2,079,155
56$4,071,301$299,411$0$2,232,083
57$4,431,805$259,314$0$2,410,702
58$4,827,356$215,528$0$2,606,766
59$5,261,474$167,816$0$2,822,067
60$5,738,036$115,930$0$3,058,584
61$6,261,314$59,609$0$3,318,499
62$6,836,014$0$0$3,604,219
63$7,467,318$0$0$3,918,838
64$8,160,937$0$0$4,284,756
65$8,923,162$0$0$4,686,933
66$9,760,922$0$0$5,129,033
67$10,681,854$0$0$5,615,095
68$11,694,368$0$0$6,149,566
69$12,807,732$0$0$6,737,348
70$14,032,156$0$0$7,383,841
71$15,378,890$0$0$8,094,993
72$16,860,327$0$0$8,877,359
73$18,490,123$0$0$9,738,162
74$20,283,325$0$0$10,685,360
75$22,256,511$0$0$11,727,719
76$24,427,947$0$0$12,874,902
77$26,817,759$0$0$14,137,552
78$29,448,125$0$0$15,527,399
79$32,343,478$0$0$17,057,367
80$35,530,745$0$0$18,741,695
81$39,039,592$0$0$20,596,077
82$42,902,709$0$0$22,637,801
83$47,156,119$0$0$24,885,920
84$51,839,513$0$0$27,361,428
85$56,996,627$0$0$30,087,457
86$62,675,655$0$0$33,089,499
87$68,929,703$0$0$36,395,643
88$75,817,290$0$0$40,036,841
89$83,402,899$0$0$44,047,199
90$91,757,586$0$0$48,464,302
91$100,959,650$0$0$53,329,564
92$111,095,372$0$0$58,688,623
93$122,259,829$0$0$64,591,768
94$134,557,793$0$0$71,094,417
95$148,104,713$0$0$78,257,636
96$163,027,814$0$0$86,148,719
97$179,467,287$0$0$94,841,819
98$197,577,623$0$0$104,418,652
99$217,529,059$0$0$114,969,265
100$239,509,195$0$0$126,592,889