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%16.5%
1 years$45,501$45,096$44,700$44,314$43,938$42,771
2 years$22,525$22,106$21,699$21,305$20,923$19,756
3 years$14,868$14,446$14,041$13,650$13,274$12,143
4 years$11,040$10,620$10,218$9,834$9,467$8,381
5 years$8,743$8,326$7,930$7,554$7,197$6,158
6 years$7,213$6,799$6,408$6,041$5,695$4,705
7 years$6,120$5,710$5,325$4,966$4,631$3,690
8 years$5,301$4,894$4,516$4,166$3,842$2,949
9 years$4,665$4,261$3,890$3,549$3,236$2,390
10 years$4,155$3,756$3,391$3,059$2,757$1,957
11 years$3,739$3,344$2,986$2,662$2,371$1,617
12 years$3,393$3,001$2,650$2,335$2,055$1,344
13 years$3,099$2,712$2,367$2,062$1,792$1,123
14 years$2,848$2,465$2,127$1,830$1,571$943
15 years$2,631$2,252$1,920$1,632$1,383$794
16 years$2,441$2,066$1,741$1,461$1,222$671
17 years$2,274$1,903$1,584$1,313$1,084$569
18 years$2,125$1,758$1,446$1,183$964$482
19 years$1,992$1,630$1,324$1,069$859$410
20 years$1,873$1,514$1,215$968$767$349
21 years$1,765$1,411$1,118$879$686$298
22 years$1,667$1,317$1,030$799$615$254
23 years$1,577$1,232$951$728$552$217
24 years$1,496$1,154$880$664$496$185
25 years$1,421$1,083$815$606$447$159
26 years$1,351$1,018$756$554$402$136
27 years$1,287$958$702$507$363$116
28 years$1,228$903$652$465$327$99
29 years$1,173$851$607$426$296$85
30 years$1,122$804$565$391$267$73
31 years$1,074$760$527$359$241$63
32 years$1,029$719$492$330$218$54
33 years$987$681$459$304$198$46
34 years$947$646$429$279$179$39
35 years$910$612$401$257$162$34
36 years$875$581$375$237$147$29
37 years$842$552$351$218$133$25
38 years$811$525$329$201$121$21
39 years$781$499$308$185$109$18
40 years$753$475$289$171$99$16
41 years$727$452$271$158$90$13
42 years$702$430$254$146$82$12
43 years$678$410$238$134$74$10
44 years$655$391$224$124$67$9
45 years$633$373$210$115$61$7
46 years$612$355$197$106$55$6
47 years$592$339$185$98$50$5
48 years$573$324$174$90$46$5
49 years$555$309$164$84$42$4
50 years$538$295$154$77$38$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $551,000, adding $5,191 every year, while hoping to spend $28,940 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: 48/38/14 Blend
29$551,000$551,000$551,000$551,000
30$612,557$583,354$574,813$639,337
31$644,245$581,146$563,277$656,162
32$678,196$577,860$550,385$671,016
33$714,610$573,413$536,061$686,504
34$753,706$567,716$520,224$702,697
35$795,725$560,675$502,793$719,671
36$840,932$552,191$483,680$737,516
37$889,618$542,159$462,793$756,329
38$942,101$530,467$440,039$776,222
39$998,732$516,996$415,317$797,318
40$1,059,896$501,623$388,524$819,757
41$1,126,017$484,214$359,551$843,694
42$1,197,560$464,630$328,285$869,302
43$1,275,036$442,721$294,607$896,776
44$1,359,007$418,332$258,394$926,333
45$1,450,091$391,296$219,516$958,216
46$1,548,969$361,438$177,838$992,694
47$1,656,388$328,572$133,220$1,030,069
48$1,773,170$292,503$85,514$1,070,677
49$1,900,221$253,023$34,566$1,114,892
50$2,038,536$209,914$0$1,163,129
51$2,189,211$162,944$0$1,218,811
52$2,353,451$111,868$0$1,285,197
53$2,532,582$56,430$0$1,357,717
54$2,728,067$0$0$1,437,035
55$2,941,511$0$0$1,525,410
56$3,174,685$0$0$1,647,788
57$3,429,537$0$0$1,781,602
58$3,708,211$0$0$1,927,986
59$4,013,069$0$0$2,088,188
60$4,346,711$0$0$2,263,582
61$4,712,000$0$0$2,455,683
62$5,112,089$0$0$2,666,155
63$5,550,450$0$0$2,896,836
64$6,030,908$0$0$3,149,746
65$6,557,673$0$0$3,427,113
66$7,135,384$0$0$3,731,387
67$7,769,150$0$0$4,065,271
68$8,464,597$0$0$4,431,739
69$9,227,924$0$0$4,834,070
70$10,065,959$0$0$5,275,872
71$10,986,222$0$0$5,761,123
72$11,996,998$0$0$6,294,203
73$13,107,414$0$0$6,879,939
74$14,327,524$0$0$7,523,648
75$15,668,405$0$0$8,231,186
76$17,142,259$0$0$9,009,008
77$18,762,530$0$0$9,864,222
78$20,544,029$0$0$10,804,661
79$22,503,074$0$0$11,838,954
80$24,657,643$0$0$12,976,611
81$27,027,546$0$0$14,228,106
82$29,634,605$0$0$15,604,982
83$32,502,867$0$0$17,119,956
84$35,658,826$0$0$18,787,041
85$39,131,675$0$0$20,621,674
86$42,953,576$0$0$22,640,869
87$47,159,971$0$0$24,863,368
88$51,789,911$0$0$27,309,826
89$56,886,422$0$0$30,003,000
90$62,496,916$0$0$32,967,966
91$68,673,635$0$0$36,232,356
92$75,474,144$0$0$39,826,616
93$82,961,872$0$0$43,784,295
94$91,206,714$0$0$48,142,361
95$100,285,685$0$0$52,941,550
96$110,283,652$0$0$58,226,749
97$121,294,130$0$0$64,047,421
98$133,420,165$0$0$70,458,070
99$146,775,307$0$0$77,518,757
100$161,484,683$0$0$85,295,664