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%15.9%
1 years$45,418$45,014$44,619$44,234$43,858$42,798
2 years$22,484$22,066$21,660$21,266$20,885$19,823
3 years$14,841$14,420$14,015$13,626$13,250$12,220
4 years$11,020$10,600$10,200$9,816$9,450$8,459
5 years$8,728$8,311$7,915$7,540$7,184$6,235
6 years$7,200$6,786$6,397$6,030$5,684$4,779
7 years$6,109$5,699$5,316$4,957$4,623$3,761
8 years$5,292$4,885$4,508$4,159$3,835$3,016
9 years$4,656$4,254$3,883$3,542$3,230$2,453
10 years$4,148$3,749$3,385$3,053$2,752$2,017
11 years$3,732$3,338$2,980$2,657$2,367$1,672
12 years$3,386$2,996$2,645$2,331$2,051$1,396
13 years$3,094$2,707$2,363$2,058$1,788$1,171
14 years$2,843$2,461$2,123$1,827$1,568$987
15 years$2,626$2,248$1,917$1,629$1,380$835
16 years$2,437$2,063$1,738$1,459$1,220$709
17 years$2,270$1,900$1,582$1,311$1,082$603
18 years$2,121$1,755$1,444$1,181$962$514
19 years$1,989$1,627$1,322$1,067$857$439
20 years$1,869$1,512$1,213$967$766$375
21 years$1,762$1,408$1,116$877$685$321
22 years$1,664$1,314$1,028$798$614$276
23 years$1,575$1,229$949$726$551$236
24 years$1,493$1,152$878$663$496$203
25 years$1,418$1,081$813$605$446$174
26 years$1,349$1,016$754$553$402$150
27 years$1,285$956$700$506$362$129
28 years$1,226$901$651$464$327$111
29 years$1,171$850$606$425$295$96
30 years$1,120$803$564$390$267$82
31 years$1,072$759$526$359$241$71
32 years$1,027$718$491$330$218$61
33 years$985$680$458$303$197$53
34 years$946$644$428$279$179$45
35 years$908$611$400$257$162$39
36 years$874$580$375$236$147$34
37 years$841$551$351$218$133$29
38 years$809$524$328$201$120$25
39 years$780$498$308$185$109$22
40 years$752$474$288$171$99$19
41 years$725$451$270$158$90$16
42 years$700$429$254$145$82$14
43 years$676$409$238$134$74$12
44 years$653$390$223$124$67$10
45 years$632$372$210$114$61$9
46 years$611$355$197$106$55$8
47 years$591$339$185$98$50$7
48 years$572$323$174$90$46$6
49 years$554$309$163$83$41$5
50 years$537$295$154$77$38$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $550,000, adding $3,665 every year, while hoping to spend $38,155 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: 58/26/16 Blend
29$550,000$550,000$550,000$550,000
30$609,880$580,730$572,205$642,527
31$631,492$568,590$550,778$652,914
32$654,028$554,575$527,353$659,722
33$677,545$538,555$501,825$666,264
34$702,099$520,389$474,081$672,521
35$727,755$499,929$444,004$678,474
36$754,579$477,020$411,472$684,103
37$782,647$451,494$376,357$689,389
38$812,037$423,177$338,525$694,314
39$842,836$391,884$297,837$698,859
40$875,137$357,419$254,147$703,007
41$909,043$319,574$207,302$706,741
42$944,664$278,131$157,145$710,046
43$982,119$232,859$103,508$712,908
44$1,021,539$183,513$46,220$715,315
45$1,063,066$129,835$0$717,258
46$1,106,854$71,553$0$721,277
47$1,153,073$8,379$0$733,409
48$1,201,906$0$0$745,788
49$1,253,553$0$0$775,620
50$1,308,233$0$0$809,763
51$1,366,185$0$0$845,972
52$1,427,671$0$0$884,413
53$1,492,975$0$0$925,268
54$1,562,411$0$0$968,736
55$1,636,319$0$0$1,015,033
56$1,715,074$0$0$1,064,399
57$1,799,085$0$0$1,117,093
58$1,888,801$0$0$1,173,403
59$1,984,714$0$0$1,233,640
60$2,087,362$0$0$1,298,149
61$2,197,337$0$0$1,367,307
62$2,315,287$0$0$1,441,526
63$2,441,924$0$0$1,521,260
64$2,578,027$0$0$1,607,007
65$2,724,454$0$0$1,699,313
66$2,882,146$0$0$1,798,779
67$3,052,136$0$0$1,906,063
68$3,235,560$0$0$2,021,891
69$3,433,664$0$0$2,147,057
70$3,647,819$0$0$2,282,437
71$3,879,531$0$0$2,428,992
72$4,130,457$0$0$2,587,778
73$4,402,416$0$0$2,759,957
74$4,697,410$0$0$2,946,809
75$5,017,642$0$0$3,149,737
76$5,365,531$0$0$3,370,288
77$5,743,742$0$0$3,610,162
78$6,155,205$0$0$3,871,231
79$6,603,143$0$0$4,155,553
80$7,091,105$0$0$4,465,393
81$7,622,993$0$0$4,803,246
82$8,203,105$0$0$5,171,855
83$8,836,169$0$0$5,574,240
84$9,527,391$0$0$6,013,726
85$10,282,500$0$0$6,493,974
86$11,107,804$0$0$7,019,013
87$12,010,249$0$0$7,593,279
88$12,997,481$0$0$8,221,658
89$14,077,920$0$0$8,909,528
90$15,260,837$0$0$9,662,812
91$16,556,440$0$0$10,488,034
92$17,975,973$0$0$11,392,376
93$19,531,818$0$0$12,383,750
94$21,237,612$0$0$13,470,869
95$23,108,373$0$0$14,663,329
96$25,160,645$0$0$15,971,700
97$27,412,647$0$0$17,407,626
98$29,884,451$0$0$18,983,930
99$32,598,164$0$0$20,714,741
100$35,578,139$0$0$22,615,620