Can I retire at age 30 with 550,000?

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 $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%17.4%
1 years$45,418$45,014$44,619$44,234$43,858$42,539
2 years$22,484$22,066$21,660$21,266$20,885$19,567
3 years$14,841$14,420$14,015$13,626$13,250$11,975
4 years$11,020$10,600$10,200$9,816$9,450$8,227
5 years$8,728$8,311$7,915$7,540$7,184$6,017
6 years$7,200$6,786$6,397$6,030$5,684$4,574
7 years$6,109$5,699$5,316$4,957$4,623$3,569
8 years$5,292$4,885$4,508$4,159$3,835$2,837
9 years$4,656$4,254$3,883$3,542$3,230$2,287
10 years$4,148$3,749$3,385$3,053$2,752$1,863
11 years$3,732$3,338$2,980$2,657$2,367$1,530
12 years$3,386$2,996$2,645$2,331$2,051$1,264
13 years$3,094$2,707$2,363$2,058$1,788$1,050
14 years$2,843$2,461$2,123$1,827$1,568$876
15 years$2,626$2,248$1,917$1,629$1,380$733
16 years$2,437$2,063$1,738$1,459$1,220$616
17 years$2,270$1,900$1,582$1,311$1,082$518
18 years$2,121$1,755$1,444$1,181$962$437
19 years$1,989$1,627$1,322$1,067$857$369
20 years$1,869$1,512$1,213$967$766$312
21 years$1,762$1,408$1,116$877$685$264
22 years$1,664$1,314$1,028$798$614$224
23 years$1,575$1,229$949$726$551$190
24 years$1,493$1,152$878$663$496$161
25 years$1,418$1,081$813$605$446$137
26 years$1,349$1,016$754$553$402$116
27 years$1,285$956$700$506$362$99
28 years$1,226$901$651$464$327$84
29 years$1,171$850$606$425$295$71
30 years$1,120$803$564$390$267$61
31 years$1,072$759$526$359$241$52
32 years$1,027$718$491$330$218$44
33 years$985$680$458$303$197$37
34 years$946$644$428$279$179$32
35 years$908$611$400$257$162$27
36 years$874$580$375$236$147$23
37 years$841$551$351$218$133$20
38 years$809$524$328$201$120$17
39 years$780$498$308$185$109$14
40 years$752$474$288$171$99$12
41 years$725$451$270$158$90$10
42 years$700$429$254$145$82$9
43 years$676$409$238$134$74$7
44 years$653$390$223$124$67$6
45 years$632$372$210$114$61$5
46 years$611$355$197$106$55$5
47 years$591$339$185$98$50$4
48 years$572$323$174$90$46$3
49 years$554$309$163$83$41$3
50 years$537$295$154$77$38$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $550,000, adding $5,005 every year, while hoping to spend $23,352 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: 24/48/28 Blend
29$550,000$550,000$550,000$550,000
30$611,263$582,113$573,588$620,461
31$648,765$585,790$567,956$632,323
32$689,310$588,865$561,354$642,729
33$733,183$591,283$553,723$653,388
34$780,699$592,986$545,004$664,338
35$832,202$593,915$535,133$675,620
36$888,073$594,002$524,046$687,283
37$948,728$593,180$511,674$699,383
38$1,014,628$591,376$497,944$711,985
39$1,086,277$588,510$482,782$725,160
40$1,164,231$584,501$466,109$738,991
41$1,249,101$579,260$447,843$753,572
42$1,341,562$572,696$427,897$769,010
43$1,442,352$564,709$406,183$785,425
44$1,552,287$555,195$382,605$802,953
45$1,672,265$544,044$357,067$821,746
46$1,803,272$531,138$329,465$841,978
47$1,946,395$516,353$299,691$863,843
48$2,102,831$499,559$267,635$887,558
49$2,273,898$480,615$233,179$913,369
50$2,461,046$459,376$196,201$941,549
51$2,665,872$435,684$156,573$972,406
52$2,890,135$409,377$114,162$1,006,283
53$3,135,772$380,280$68,830$1,043,566
54$3,404,915$348,208$20,430$1,084,683
55$3,699,914$312,967$0$1,130,114
56$4,023,355$274,352$0$1,189,722
57$4,378,088$232,146$0$1,261,896
58$4,767,250$186,119$0$1,341,239
59$5,194,299$136,028$0$1,428,544
60$5,663,041$81,617$0$1,524,687
61$6,177,672$22,616$0$1,630,642
62$6,742,810$0$0$1,747,487
63$7,363,545$0$0$1,898,207
64$8,045,484$0$0$2,077,014
65$8,794,802$0$0$2,273,591
66$9,618,305$0$0$2,489,739
67$10,523,487$0$0$2,727,437
68$11,518,607$0$0$2,988,868
69$12,612,764$0$0$3,276,437
70$13,815,982$0$0$3,592,794
71$15,139,305$0$0$3,940,857
72$16,594,900$0$0$4,323,842
73$18,196,175$0$0$4,745,294
74$19,957,900$0$0$5,209,117
75$21,896,352$0$0$5,719,615
76$24,029,462$0$0$6,281,526
77$26,376,989$0$0$6,900,076
78$28,960,705$0$0$7,581,020
79$31,804,597$0$0$8,330,699
80$34,935,098$0$0$9,156,103
81$38,381,333$0$0$10,064,932
82$42,175,394$0$0$11,065,671
83$46,352,643$0$0$12,167,671
84$50,952,044$0$0$13,381,233
85$56,016,535$0$0$14,717,710
86$61,593,427$0$0$16,189,614
87$67,734,852$0$0$17,810,729
88$74,498,259$0$0$19,596,245
89$81,946,947$0$0$21,562,902
90$90,150,673$0$0$23,729,145
91$99,186,301$0$0$26,115,300
92$109,138,530$0$0$28,743,765
93$120,100,697$0$0$31,639,221
94$132,175,651$0$0$34,828,867
95$145,476,728$0$0$38,342,674
96$160,128,819$0$0$42,213,669
97$176,269,546$0$0$46,478,247
98$194,050,567$0$0$51,176,513
99$213,639,000$0$0$56,352,664
100$235,219,005$0$0$62,055,400