Can I retire at age 30 with 551,000?

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 $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%14.2%
1 years$45,501$45,096$44,700$44,314$43,938$43,174
2 years$22,525$22,106$21,699$21,305$20,923$20,156
3 years$14,868$14,446$14,041$13,650$13,274$12,528
4 years$11,040$10,620$10,218$9,834$9,467$8,748
5 years$8,743$8,326$7,930$7,554$7,197$6,506
6 years$7,213$6,799$6,408$6,041$5,695$5,033
7 years$6,120$5,710$5,325$4,966$4,631$3,999
8 years$5,301$4,894$4,516$4,166$3,842$3,239
9 years$4,665$4,261$3,890$3,549$3,236$2,661
10 years$4,155$3,756$3,391$3,059$2,757$2,211
11 years$3,739$3,344$2,986$2,662$2,371$1,853
12 years$3,393$3,001$2,650$2,335$2,055$1,564
13 years$3,099$2,712$2,367$2,062$1,792$1,327
14 years$2,848$2,465$2,127$1,830$1,571$1,132
15 years$2,631$2,252$1,920$1,632$1,383$969
16 years$2,441$2,066$1,741$1,461$1,222$832
17 years$2,274$1,903$1,584$1,313$1,084$716
18 years$2,125$1,758$1,446$1,183$964$618
19 years$1,992$1,630$1,324$1,069$859$535
20 years$1,873$1,514$1,215$968$767$463
21 years$1,765$1,411$1,118$879$686$402
22 years$1,667$1,317$1,030$799$615$349
23 years$1,577$1,232$951$728$552$304
24 years$1,496$1,154$880$664$496$264
25 years$1,421$1,083$815$606$447$230
26 years$1,351$1,018$756$554$402$201
27 years$1,287$958$702$507$363$175
28 years$1,228$903$652$465$327$153
29 years$1,173$851$607$426$296$133
30 years$1,122$804$565$391$267$116
31 years$1,074$760$527$359$241$102
32 years$1,029$719$492$330$218$89
33 years$987$681$459$304$198$78
34 years$947$646$429$279$179$68
35 years$910$612$401$257$162$59
36 years$875$581$375$237$147$52
37 years$842$552$351$218$133$45
38 years$811$525$329$201$121$40
39 years$781$499$308$185$109$35
40 years$753$475$289$171$99$30
41 years$727$452$271$158$90$27
42 years$702$430$254$146$82$23
43 years$678$410$238$134$74$20
44 years$655$391$224$124$67$18
45 years$633$373$210$115$61$16
46 years$612$355$197$106$55$14
47 years$592$339$185$98$50$12
48 years$573$324$174$90$46$10
49 years$555$309$164$84$42$9
50 years$538$295$154$77$38$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $551,000, adding $3,854 every year, while hoping to spend $22,714 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: 53/23/24 Blend
29$551,000$551,000$551,000$551,000
30$611,177$581,974$573,434$639,320
31$649,350$586,324$568,476$663,500
32$690,655$590,125$562,592$687,138
33$735,388$593,327$555,724$712,391
34$783,873$595,876$547,817$739,422
35$836,469$597,714$538,809$768,412
36$893,567$598,781$528,638$799,559
37$955,601$599,011$517,237$833,083
38$1,023,044$598,335$504,537$869,228
39$1,096,422$596,680$490,466$908,265
40$1,176,308$593,968$474,948$950,491
41$1,263,336$590,118$457,903$996,238
42$1,358,203$585,040$439,250$1,045,870
43$1,461,676$578,643$418,901$1,099,792
44$1,574,598$570,828$396,765$1,158,451
45$1,697,899$561,490$372,749$1,222,340
46$1,832,602$550,520$346,753$1,292,005
47$1,979,832$537,800$318,674$1,368,052
48$2,140,829$523,207$288,403$1,451,146
49$2,316,958$506,608$255,829$1,542,026
50$2,509,721$487,866$220,834$1,641,507
51$2,720,775$466,833$183,293$1,750,490
52$2,951,940$443,354$143,080$1,869,968
53$3,205,224$417,265$100,059$2,001,043
54$3,482,836$388,391$54,091$2,144,928
55$3,787,212$356,548$5,029$2,302,963
56$4,121,031$321,543$0$2,476,631
57$4,487,247$283,169$0$2,679,687
58$4,889,112$241,210$0$2,903,979
59$5,330,208$195,436$0$3,150,254
60$5,814,482$145,605$0$3,420,760
61$6,346,281$91,461$0$3,717,972
62$6,930,392$32,734$0$4,044,622
63$7,572,092$0$0$4,403,722
64$8,277,192$0$0$4,806,403
65$9,052,093$0$0$5,258,111
66$9,903,849$0$0$5,754,679
67$10,840,230$0$0$6,300,644
68$11,869,797$0$0$6,901,005
69$13,001,981$0$0$7,561,271
70$14,247,175$0$0$8,287,510
71$15,616,826$0$0$9,086,407
72$17,123,550$0$0$9,965,329
73$18,781,244$0$0$10,932,393
74$20,605,222$0$0$11,996,541
75$22,612,358$0$0$13,167,627
76$24,821,241$0$0$14,456,508
77$27,252,357$0$0$15,875,147
78$29,928,276$0$0$17,436,726
79$32,873,869$0$0$19,155,768
80$36,116,539$0$0$21,048,279
81$39,686,481$0$0$23,131,892
82$43,616,968$0$0$25,426,039
83$47,944,663$0$0$27,952,133
84$52,709,963$0$0$30,733,766
85$57,957,385$0$0$33,796,937
86$63,735,981$0$0$37,170,293
87$70,099,802$0$0$40,885,403
88$77,108,410$0$0$44,977,052
89$84,827,436$0$0$49,483,572
90$93,329,202$0$0$54,447,200
91$102,693,404$0$0$59,914,482
92$113,007,860$0$0$65,936,708
93$124,369,342$0$0$72,570,395
94$136,884,488$0$0$79,877,825
95$150,670,807$0$0$87,927,628
96$165,857,790$0$0$96,795,433
97$182,588,129$0$0$106,564,577
98$201,019,068$0$0$117,326,899
99$221,323,881$0$0$129,183,599
100$243,693,513$0$0$142,246,197