Can I retire at age 30 with 553,000?

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 $553,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$45,666$45,259$44,863$44,475$44,097$43,295
2 years$22,607$22,186$21,778$21,382$20,999$20,194
3 years$14,922$14,499$14,092$13,700$13,322$12,539
4 years$11,080$10,658$10,255$9,870$9,502$8,747
5 years$8,775$8,356$7,958$7,581$7,223$6,498
6 years$7,239$6,823$6,432$6,063$5,715$5,021
7 years$6,143$5,730$5,345$4,984$4,648$3,985
8 years$5,321$4,912$4,533$4,181$3,856$3,224
9 years$4,681$4,277$3,904$3,562$3,247$2,646
10 years$4,171$3,770$3,404$3,070$2,767$2,196
11 years$3,753$3,356$2,997$2,672$2,380$1,838
12 years$3,405$3,012$2,659$2,344$2,062$1,549
13 years$3,111$2,722$2,376$2,069$1,798$1,313
14 years$2,859$2,474$2,135$1,837$1,576$1,118
15 years$2,641$2,260$1,927$1,638$1,388$956
16 years$2,450$2,074$1,747$1,467$1,227$820
17 years$2,282$1,910$1,590$1,318$1,088$705
18 years$2,133$1,765$1,452$1,188$967$607
19 years$1,999$1,636$1,329$1,073$862$525
20 years$1,879$1,520$1,220$972$770$454
21 years$1,771$1,416$1,122$882$689$393
22 years$1,673$1,322$1,034$802$618$341
23 years$1,583$1,236$955$730$554$296
24 years$1,501$1,158$883$666$498$257
25 years$1,426$1,087$818$608$448$224
26 years$1,356$1,021$758$556$404$195
27 years$1,292$961$704$509$364$169
28 years$1,233$906$655$466$329$148
29 years$1,177$854$609$428$297$129
30 years$1,126$807$567$393$268$112
31 years$1,078$763$529$361$242$98
32 years$1,033$722$494$331$219$85
33 years$990$684$461$305$198$74
34 years$951$648$431$280$180$65
35 years$913$615$403$258$163$57
36 years$878$583$377$238$147$50
37 years$845$554$353$219$134$43
38 years$814$526$330$202$121$38
39 years$784$501$309$186$110$33
40 years$756$476$290$172$100$29
41 years$729$453$272$158$90$25
42 years$704$432$255$146$82$22
43 years$680$411$239$135$74$19
44 years$657$392$225$125$68$17
45 years$635$374$211$115$61$15
46 years$614$357$198$106$56$13
47 years$594$340$186$98$51$11
48 years$575$325$175$91$46$10
49 years$557$310$164$84$42$9
50 years$540$296$155$78$38$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $553,000, adding $4,864 every year, while hoping to spend $28,264 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: 60/19/21 Blend
29$553,000$553,000$553,000$553,000
30$614,423$585,114$576,543$647,617
31$647,022$583,712$565,784$669,277
32$681,998$581,294$553,718$689,376
33$719,565$577,780$540,270$710,672
34$759,955$573,087$525,365$733,286
35$803,426$567,123$508,920$757,352
36$850,258$559,795$490,851$783,019
37$900,762$551,002$471,072$810,452
38$955,275$540,637$449,488$839,834
39$1,014,172$528,587$426,005$871,370
40$1,077,862$514,732$400,521$905,283
41$1,146,796$498,946$372,930$941,826
42$1,221,470$481,095$343,124$981,273
43$1,302,428$461,037$310,987$1,023,933
44$1,390,270$438,622$276,399$1,070,146
45$1,485,653$413,690$239,235$1,120,289
46$1,589,304$386,075$199,363$1,174,778
47$1,702,018$355,598$156,647$1,234,077
48$1,824,673$322,072$110,944$1,298,696
49$1,958,235$285,298$62,105$1,369,202
50$2,103,763$245,066$9,974$1,446,221
51$2,262,429$201,156$0$1,530,447
52$2,435,516$153,333$0$1,632,878
53$2,624,442$101,349$0$1,747,182
54$2,830,764$44,944$0$1,872,098
55$3,056,197$0$0$2,008,707
56$3,302,631$0$0$2,161,577
57$3,572,144$0$0$2,339,082
58$3,867,026$0$0$2,533,339
59$4,189,797$0$0$2,746,013
60$4,543,233$0$0$2,978,941
61$4,930,391$0$0$3,234,141
62$5,354,638$0$0$3,513,839
63$5,819,679$0$0$3,820,485
64$6,329,600$0$0$4,156,778
65$6,888,896$0$0$4,525,692
66$7,502,522$0$0$4,930,500
67$8,175,932$0$0$5,374,808
68$8,915,137$0$0$5,862,591
69$9,726,757$0$0$6,398,222
70$10,618,083$0$0$6,986,525
71$11,597,149$0$0$7,632,807
72$12,672,805$0$0$8,342,922
73$13,854,800$0$0$9,123,312
74$15,153,873$0$0$9,981,078
75$16,581,856$0$0$10,924,043
76$18,151,787$0$0$11,960,824
77$19,878,025$0$0$13,100,917
78$21,776,394$0$0$14,354,783
79$23,864,328$0$0$15,733,946
80$26,161,033$0$0$17,251,105
81$28,687,672$0$0$18,920,252
82$31,467,562$0$0$20,756,802
83$34,526,394$0$0$22,777,741
84$37,892,475$0$0$25,001,784
85$41,596,995$0$0$27,449,551
86$45,674,319$0$0$30,143,765
87$50,162,314$0$0$33,109,460
88$55,102,706$0$0$36,374,225
89$60,541,468$0$0$39,968,454
90$66,529,261$0$0$43,925,643
91$73,121,903$0$0$48,282,698
92$80,380,905$0$0$53,080,287
93$88,374,043$0$0$58,363,221
94$97,176,001$0$0$64,180,881
95$106,869,075$0$0$70,587,676
96$117,543,948$0$0$77,643,566
97$129,300,545$0$0$85,414,619
98$142,248,980$0$0$93,973,639
99$156,510,588$0$0$103,400,850
100$172,219,075$0$0$113,784,658