Can I retire at age 30 with 551,000?

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 $551,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.6%
1 years$45,501$45,096$44,700$44,314$43,938$43,103
2 years$22,525$22,106$21,699$21,305$20,923$20,085
3 years$14,868$14,446$14,041$13,650$13,274$12,460
4 years$11,040$10,620$10,218$9,834$9,467$8,683
5 years$8,743$8,326$7,930$7,554$7,197$6,444
6 years$7,213$6,799$6,408$6,041$5,695$4,974
7 years$6,120$5,710$5,325$4,966$4,631$3,943
8 years$5,301$4,894$4,516$4,166$3,842$3,186
9 years$4,665$4,261$3,890$3,549$3,236$2,612
10 years$4,155$3,756$3,391$3,059$2,757$2,165
11 years$3,739$3,344$2,986$2,662$2,371$1,810
12 years$3,393$3,001$2,650$2,335$2,055$1,523
13 years$3,099$2,712$2,367$2,062$1,792$1,289
14 years$2,848$2,465$2,127$1,830$1,571$1,097
15 years$2,631$2,252$1,920$1,632$1,383$936
16 years$2,441$2,066$1,741$1,461$1,222$802
17 years$2,274$1,903$1,584$1,313$1,084$688
18 years$2,125$1,758$1,446$1,183$964$592
19 years$1,992$1,630$1,324$1,069$859$511
20 years$1,873$1,514$1,215$968$767$441
21 years$1,765$1,411$1,118$879$686$382
22 years$1,667$1,317$1,030$799$615$330
23 years$1,577$1,232$951$728$552$286
24 years$1,496$1,154$880$664$496$248
25 years$1,421$1,083$815$606$447$216
26 years$1,351$1,018$756$554$402$187
27 years$1,287$958$702$507$363$163
28 years$1,228$903$652$465$327$142
29 years$1,173$851$607$426$296$123
30 years$1,122$804$565$391$267$107
31 years$1,074$760$527$359$241$93
32 years$1,029$719$492$330$218$81
33 years$987$681$459$304$198$71
34 years$947$646$429$279$179$62
35 years$910$612$401$257$162$54
36 years$875$581$375$237$147$47
37 years$842$552$351$218$133$41
38 years$811$525$329$201$121$36
39 years$781$499$308$185$109$31
40 years$753$475$289$171$99$27
41 years$727$452$271$158$90$24
42 years$702$430$254$146$82$21
43 years$678$410$238$134$74$18
44 years$655$391$224$124$67$16
45 years$633$373$210$115$61$14
46 years$612$355$197$106$55$12
47 years$592$339$185$98$50$10
48 years$573$324$174$90$46$9
49 years$555$309$164$84$42$8
50 years$538$295$154$77$38$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $551,000, adding $4,160 every year, while hoping to spend $31,240 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: 62/21/17 Blend
29$551,000$551,000$551,000$551,000
30$611,493$582,290$573,750$646,534
31$640,626$577,583$559,731$665,913
32$671,684$571,599$544,196$683,168
33$704,830$564,241$527,060$701,268
34$740,242$555,408$508,237$720,299
35$778,117$544,994$487,633$740,353
36$818,671$532,884$465,154$761,538
37$862,138$518,958$440,700$783,969
38$908,777$503,089$414,165$807,777
39$958,873$485,140$385,440$833,107
40$1,012,737$464,971$354,411$860,120
41$1,070,711$442,429$320,958$888,997
42$1,133,170$417,355$284,957$919,936
43$1,200,527$389,580$246,277$953,159
44$1,273,236$358,924$204,782$988,914
45$1,351,794$325,199$160,331$1,027,473
46$1,436,749$288,206$112,773$1,069,140
47$1,528,702$247,732$61,956$1,114,254
48$1,628,314$203,556$7,716$1,163,188
49$1,736,313$155,441$0$1,216,358
50$1,853,498$103,138$0$1,283,324
51$1,980,748$46,386$0$1,357,582
52$2,119,031$0$0$1,438,331
53$2,269,411$0$0$1,529,722
54$2,433,058$0$0$1,640,875
55$2,611,260$0$0$1,761,953
56$2,805,434$0$0$1,893,923
57$3,017,141$0$0$2,037,849
58$3,248,097$0$0$2,194,905
59$3,500,191$0$0$2,366,380
60$3,775,504$0$0$2,553,694
61$4,076,325$0$0$2,758,412
62$4,405,175$0$0$2,982,254
63$4,764,830$0$0$3,227,117
64$5,158,344$0$0$3,495,087
65$5,589,083$0$0$3,788,462
66$6,060,752$0$0$4,109,773
67$6,577,431$0$0$4,461,807
68$7,143,613$0$0$4,847,632
69$7,764,247$0$0$5,270,630
70$8,444,784$0$0$5,734,522
71$9,191,226$0$0$6,243,409
72$10,010,185$0$0$6,801,808
73$10,908,943$0$0$7,414,693
74$11,895,523$0$0$8,087,543
75$12,978,761$0$0$8,826,396
76$14,168,390$0$0$9,637,901
77$15,475,135$0$0$10,529,382
78$16,910,807$0$0$11,508,909
79$18,488,419$0$0$12,585,372
80$20,222,309$0$0$13,768,565
81$22,128,269$0$0$15,069,277
82$24,223,701$0$0$16,499,396
83$26,527,774$0$0$18,072,019
84$29,061,611$0$0$19,801,574
85$31,848,481$0$0$21,703,959
86$34,914,024$0$0$23,796,690
87$38,286,487$0$0$26,099,066
88$41,996,996$0$0$28,632,350
89$46,079,842$0$0$31,419,971
90$50,572,813$0$0$34,487,744
91$55,517,540$0$0$37,864,113
92$60,959,898$0$0$41,580,417
93$66,950,433$0$0$45,671,191
94$73,544,841$0$0$50,174,485
95$80,804,490$0$0$55,132,227
96$88,797,002$0$0$60,590,618
97$97,596,890$0$0$66,600,563
98$107,286,259$0$0$73,218,159
99$117,955,579$0$0$80,505,216
100$129,704,543$0$0$88,529,846