Can I retire at age 30 with 554,000?

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 $554,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$45,749$45,341$44,944$44,556$44,177$43,770
2 years$22,648$22,226$21,817$21,421$21,037$20,627
3 years$14,949$14,525$14,117$13,725$13,346$12,946
4 years$11,100$10,677$10,274$9,888$9,519$9,131
5 years$8,791$8,371$7,973$7,595$7,236$6,863
6 years$7,252$6,836$6,443$6,074$5,726$5,366
7 years$6,154$5,741$5,354$4,993$4,656$4,312
8 years$5,330$4,921$4,541$4,189$3,863$3,533
9 years$4,690$4,284$3,911$3,568$3,253$2,937
10 years$4,178$3,777$3,410$3,076$2,772$2,470
11 years$3,760$3,362$3,002$2,677$2,384$2,096
12 years$3,411$3,018$2,664$2,348$2,066$1,792
13 years$3,116$2,727$2,380$2,073$1,801$1,541
14 years$2,864$2,479$2,139$1,840$1,579$1,331
15 years$2,645$2,264$1,931$1,641$1,390$1,155
16 years$2,454$2,078$1,751$1,469$1,229$1,006
17 years$2,286$1,913$1,593$1,320$1,090$879
18 years$2,137$1,768$1,454$1,190$969$769
19 years$2,003$1,639$1,331$1,075$864$675
20 years$1,883$1,523$1,222$974$771$594
21 years$1,774$1,418$1,124$884$690$523
22 years$1,676$1,324$1,036$803$619$461
23 years$1,586$1,238$956$732$555$407
24 years$1,504$1,160$884$667$499$360
25 years$1,428$1,089$819$609$449$318
26 years$1,359$1,023$760$557$405$282
27 years$1,294$963$705$510$365$250
28 years$1,235$907$656$467$329$222
29 years$1,179$856$610$429$297$197
30 years$1,128$808$568$393$269$174
31 years$1,080$764$530$361$243$155
32 years$1,034$723$494$332$220$138
33 years$992$685$462$305$199$122
34 years$952$649$431$281$180$109
35 years$915$616$403$259$163$97
36 years$880$584$377$238$148$86
37 years$847$555$353$219$134$77
38 years$815$527$331$202$121$68
39 years$786$502$310$186$110$61
40 years$757$477$290$172$100$54
41 years$731$454$272$159$91$48
42 years$705$433$255$146$82$43
43 years$681$412$240$135$75$38
44 years$658$393$225$125$68$34
45 years$636$375$211$115$61$30
46 years$615$357$198$106$56$27
47 years$596$341$186$98$51$24
48 years$577$326$175$91$46$21
49 years$558$311$165$84$42$19
50 years$541$297$155$78$38$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $554,000, adding $4,196 every year, while hoping to spend $33,896 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: 80/11/9 Blend
29$554,000$554,000$554,000$554,000
30$614,836$585,474$576,887$662,867
31$641,484$578,097$560,148$687,587
32$669,715$569,223$541,712$709,839
33$699,653$558,742$521,486$733,247
34$731,435$546,539$499,374$757,910
35$765,213$532,490$475,275$783,939
36$801,150$516,468$449,082$811,451
37$839,427$498,333$420,685$840,581
38$880,238$477,942$389,968$871,474
39$923,802$455,140$356,811$904,291
40$970,352$429,765$321,087$939,210
41$1,020,149$401,644$282,664$976,428
42$1,073,476$370,597$241,405$1,016,160
43$1,130,645$336,430$197,166$1,058,646
44$1,191,996$298,941$149,797$1,104,150
45$1,257,905$257,915$99,141$1,152,963
46$1,328,784$213,124$45,034$1,205,406
47$1,405,082$164,330$0$1,261,833
48$1,487,298$111,279$0$1,323,858
49$1,575,974$53,704$0$1,395,386
50$1,671,710$0$0$1,472,582
51$1,775,163$0$0$1,557,044
52$1,887,056$0$0$1,655,439
53$2,008,183$0$0$1,761,966
54$2,139,418$0$0$1,877,396
55$2,281,720$0$0$2,002,575
56$2,436,145$0$0$2,138,433
57$2,603,855$0$0$2,285,994
58$2,786,127$0$0$2,446,384
59$2,984,366$0$0$2,620,841
60$3,200,118$0$0$2,810,727
61$3,435,084$0$0$3,017,543
62$3,691,136$0$0$3,242,937
63$3,970,334$0$0$3,488,727
64$4,274,946$0$0$3,756,909
65$4,607,466$0$0$4,049,685
66$4,970,643$0$0$4,369,476
67$5,367,500$0$0$4,718,946
68$5,801,367$0$0$5,101,032
69$6,275,909$0$0$5,518,965
70$6,795,162$0$0$5,976,302
71$7,363,572$0$0$6,476,961
72$7,986,031$0$0$7,025,256
73$8,667,929$0$0$7,625,938
74$9,415,202$0$0$8,284,239
75$10,234,386$0$0$9,005,920
76$11,132,680$0$0$9,797,330
77$12,118,012$0$0$10,665,456
78$13,199,118$0$0$11,617,998
79$14,385,615$0$0$12,663,437
80$15,688,102$0$0$13,811,113
81$17,118,249$0$0$15,071,316
82$18,688,915$0$0$16,455,381
83$20,414,265$0$0$17,975,795
84$22,309,900$0$0$19,646,312
85$24,393,013$0$0$21,482,088
86$26,682,539$0$0$23,499,816
87$29,199,341$0$0$25,717,889
88$31,966,407$0$0$28,156,570
89$35,009,057$0$0$30,838,183
90$38,355,194$0$0$33,787,324
91$42,035,556$0$0$37,031,093
92$46,084,011$0$0$40,599,346
93$50,537,874$0$0$44,524,980
94$55,438,260$0$0$48,844,240
95$60,830,469$0$0$53,597,063
96$66,764,416$0$0$58,827,451
97$73,295,096$0$0$64,583,888
98$80,483,107$0$0$70,919,798
99$88,395,221$0$0$77,894,043
100$97,105,010$0$0$85,571,484