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%16.3%
1 years$45,749$45,341$44,944$44,556$44,177$43,039
2 years$22,648$22,226$21,817$21,421$21,037$19,898
3 years$14,949$14,525$14,117$13,725$13,346$12,242
4 years$11,100$10,677$10,274$9,888$9,519$8,458
5 years$8,791$8,371$7,973$7,595$7,236$6,221
6 years$7,252$6,836$6,443$6,074$5,726$4,758
7 years$6,154$5,741$5,354$4,993$4,656$3,736
8 years$5,330$4,921$4,541$4,189$3,863$2,989
9 years$4,690$4,284$3,911$3,568$3,253$2,425
10 years$4,178$3,777$3,410$3,076$2,772$1,989
11 years$3,760$3,362$3,002$2,677$2,384$1,645
12 years$3,411$3,018$2,664$2,348$2,066$1,369
13 years$3,116$2,727$2,380$2,073$1,801$1,146
14 years$2,864$2,479$2,139$1,840$1,579$963
15 years$2,645$2,264$1,931$1,641$1,390$813
16 years$2,454$2,078$1,751$1,469$1,229$688
17 years$2,286$1,913$1,593$1,320$1,090$583
18 years$2,137$1,768$1,454$1,190$969$496
19 years$2,003$1,639$1,331$1,075$864$422
20 years$1,883$1,523$1,222$974$771$360
21 years$1,774$1,418$1,124$884$690$307
22 years$1,676$1,324$1,036$803$619$263
23 years$1,586$1,238$956$732$555$225
24 years$1,504$1,160$884$667$499$192
25 years$1,428$1,089$819$609$449$165
26 years$1,359$1,023$760$557$405$141
27 years$1,294$963$705$510$365$121
28 years$1,235$907$656$467$329$104
29 years$1,179$856$610$429$297$89
30 years$1,128$808$568$393$269$76
31 years$1,080$764$530$361$243$66
32 years$1,034$723$494$332$220$56
33 years$992$685$462$305$199$48
34 years$952$649$431$281$180$42
35 years$915$616$403$259$163$36
36 years$880$584$377$238$148$31
37 years$847$555$353$219$134$26
38 years$815$527$331$202$121$23
39 years$786$502$310$186$110$19
40 years$757$477$290$172$100$17
41 years$731$454$272$159$91$14
42 years$705$433$255$146$82$12
43 years$681$412$240$135$75$11
44 years$658$393$225$125$68$9
45 years$636$375$211$115$61$8
46 years$615$357$198$106$56$7
47 years$596$341$186$98$51$6
48 years$577$326$175$91$46$5
49 years$558$311$165$84$42$4
50 years$541$297$155$78$38$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $554,000, adding $3,717 every year, while hoping to spend $34,247 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: 31/41/28 Blend
29$554,000$554,000$554,000$554,000
30$614,342$584,980$576,393$628,028
31$640,566$577,206$559,264$631,146
32$668,318$567,902$540,413$631,241
33$697,716$556,959$519,746$630,669
34$728,891$544,259$497,166$629,397
35$761,987$529,676$472,570$627,391
36$797,159$513,079$445,850$624,615
37$834,578$494,329$416,895$621,037
38$874,431$473,278$385,587$616,622
39$916,924$449,768$351,805$611,338
40$962,279$423,636$315,419$605,154
41$1,010,743$394,706$276,298$598,040
42$1,062,586$362,793$234,300$589,967
43$1,118,101$327,702$189,282$580,911
44$1,177,615$289,227$141,089$570,850
45$1,241,480$247,148$89,565$559,765
46$1,310,088$201,235$34,542$547,642
47$1,383,867$151,245$0$534,473
48$1,463,285$96,920$0$527,478
49$1,548,860$37,988$0$530,922
50$1,641,157$0$0$534,544
51$1,740,799$0$0$550,083
52$1,848,471$0$0$585,460
53$1,964,923$0$0$623,793
54$2,090,983$0$0$665,363
55$2,227,558$0$0$710,478
56$2,375,648$0$0$759,477
57$2,536,351$0$0$812,736
58$2,710,875$0$0$870,664
59$2,900,548$0$0$933,714
60$3,106,833$0$0$1,002,384
61$3,331,337$0$0$1,077,222
62$3,575,830$0$0$1,158,829
63$3,842,260$0$0$1,247,871
64$4,132,768$0$0$1,345,075
65$4,449,715$0$0$1,451,248
66$4,795,695$0$0$1,567,272
67$5,173,567$0$0$1,694,123
68$5,586,475$0$0$1,832,873
69$6,037,885$0$0$1,984,703
70$6,531,608$0$0$2,150,913
71$7,071,844$0$0$2,332,935
72$7,663,215$0$0$2,532,347
73$8,310,813$0$0$2,750,884
74$9,020,242$0$0$2,990,459
75$9,797,678$0$0$3,253,179
76$10,649,920$0$0$3,541,364
77$11,584,456$0$0$3,857,569
78$12,609,534$0$0$4,204,609
79$13,734,239$0$0$4,585,584
80$14,968,578$0$0$5,003,910
81$16,323,574$0$0$5,463,350
82$17,811,367$0$0$5,968,047
83$19,445,332$0$0$6,522,567
84$21,240,205$0$0$7,131,940
85$23,212,215$0$0$7,801,708
86$25,379,243$0$0$8,537,974
87$27,760,989$0$0$9,347,466
88$30,379,154$0$0$10,237,592
89$33,257,649$0$0$11,216,516
90$36,422,814$0$0$12,293,234
91$39,903,672$0$0$13,477,654
92$43,732,198$0$0$14,780,697
93$47,943,622$0$0$16,214,392
94$52,576,759$0$0$17,791,995
95$57,674,377$0$0$19,528,111
96$63,283,598$0$0$21,438,833
97$69,456,343$0$0$23,541,892
98$76,249,818$0$0$25,856,827
99$83,727,059$0$0$28,405,166
100$91,957,522$0$0$31,210,630