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%19.6%
1 years$45,749$45,341$44,944$44,556$44,177$42,474
2 years$22,648$22,226$21,817$21,421$21,037$19,342
3 years$14,949$14,525$14,117$13,725$13,346$11,712
4 years$11,100$10,677$10,274$9,888$9,519$7,958
5 years$8,791$8,371$7,973$7,595$7,236$5,753
6 years$7,252$6,836$6,443$6,074$5,726$4,321
7 years$6,154$5,741$5,354$4,993$4,656$3,329
8 years$5,330$4,921$4,541$4,189$3,863$2,613
9 years$4,690$4,284$3,911$3,568$3,253$2,078
10 years$4,178$3,777$3,410$3,076$2,772$1,669
11 years$3,760$3,362$3,002$2,677$2,384$1,351
12 years$3,411$3,018$2,664$2,348$2,066$1,100
13 years$3,116$2,727$2,380$2,073$1,801$900
14 years$2,864$2,479$2,139$1,840$1,579$740
15 years$2,645$2,264$1,931$1,641$1,390$610
16 years$2,454$2,078$1,751$1,469$1,229$504
17 years$2,286$1,913$1,593$1,320$1,090$417
18 years$2,137$1,768$1,454$1,190$969$346
19 years$2,003$1,639$1,331$1,075$864$287
20 years$1,883$1,523$1,222$974$771$239
21 years$1,774$1,418$1,124$884$690$199
22 years$1,676$1,324$1,036$803$619$166
23 years$1,586$1,238$956$732$555$138
24 years$1,504$1,160$884$667$499$115
25 years$1,428$1,089$819$609$449$96
26 years$1,359$1,023$760$557$405$80
27 years$1,294$963$705$510$365$67
28 years$1,235$907$656$467$329$56
29 years$1,179$856$610$429$297$47
30 years$1,128$808$568$393$269$39
31 years$1,080$764$530$361$243$33
32 years$1,034$723$494$332$220$27
33 years$992$685$462$305$199$23
34 years$952$649$431$281$180$19
35 years$915$616$403$259$163$16
36 years$880$584$377$238$148$13
37 years$847$555$353$219$134$11
38 years$815$527$331$202$121$9
39 years$786$502$310$186$110$8
40 years$757$477$290$172$100$6
41 years$731$454$272$159$91$5
42 years$705$433$255$146$82$5
43 years$681$412$240$135$75$4
44 years$658$393$225$125$68$3
45 years$636$375$211$115$61$3
46 years$615$357$198$106$56$2
47 years$596$341$186$98$51$2
48 years$577$326$175$91$46$2
49 years$558$311$165$84$42$1
50 years$541$297$155$78$38$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $554,000, adding $2,700 every year, while hoping to spend $35,027 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: 46/39/15 Blend
29$554,000$554,000$554,000$554,000
30$613,293$583,931$575,344$638,777
31$638,580$575,275$557,350$648,111
32$665,273$565,021$537,578$654,466
33$693,478$553,054$515,934$660,598
34$723,310$539,251$492,315$666,501
35$754,897$523,484$466,617$672,170
36$788,377$505,614$438,729$677,602
37$823,900$485,499$408,535$682,797
38$861,633$462,983$375,917$687,757
39$901,756$437,906$340,746$692,488
40$944,468$410,096$302,893$697,001
41$989,983$379,371$262,221$701,308
42$1,038,541$345,539$218,584$705,431
43$1,090,400$308,398$171,835$709,395
44$1,145,846$267,735$121,816$713,233
45$1,205,190$223,322$68,365$716,984
46$1,268,775$174,920$11,310$720,699
47$1,336,976$122,277$0$724,437
48$1,410,206$65,127$0$736,203
49$1,488,916$3,187$0$750,596
50$1,573,602$0$0$765,932
51$1,664,811$0$0$809,756
52$1,763,140$0$0$858,525
53$1,869,247$0$0$911,202
54$1,983,854$0$0$968,153
55$2,107,755$0$0$1,029,780
56$2,241,823$0$0$1,096,523
57$2,387,017$0$0$1,168,868
58$2,544,391$0$0$1,247,348
59$2,715,105$0$0$1,332,549
60$2,900,435$0$0$1,425,117
61$3,101,782$0$0$1,525,761
62$3,320,690$0$0$1,635,262
63$3,558,856$0$0$1,754,479
64$3,818,148$0$0$1,884,358
65$4,100,621$0$0$2,025,938
66$4,408,537$0$0$2,180,365
67$4,744,383$0$0$2,348,899
68$5,110,901$0$0$2,532,926
69$5,511,105$0$0$2,733,974
70$5,948,315$0$0$2,953,723
71$6,426,186$0$0$3,194,025
72$6,948,740$0$0$3,456,916
73$7,520,407$0$0$3,744,642
74$8,146,067$0$0$4,059,671
75$8,831,088$0$0$4,404,726
76$9,581,387$0$0$4,782,802
77$10,403,476$0$0$5,197,198
78$11,304,529$0$0$5,651,549
79$12,292,446$0$0$6,149,857
80$13,375,929$0$0$6,696,531
81$14,564,561$0$0$7,296,427
82$15,868,899$0$0$7,954,893
83$17,300,569$0$0$8,677,820
84$18,872,381$0$0$9,471,699
85$20,598,444$0$0$10,343,679
86$22,494,298$0$0$11,301,636
87$24,577,067$0$0$12,354,246
88$26,865,610$0$0$13,511,067
89$29,380,708$0$0$14,782,630
90$32,145,253$0$0$16,180,535
91$35,184,464$0$0$17,717,564
92$38,526,127$0$0$19,407,799
93$42,200,855$0$0$21,266,753
94$46,242,374$0$0$23,311,520
95$50,687,844$0$0$25,560,933
96$55,578,209$0$0$28,035,744
97$60,958,576$0$0$30,758,814
98$66,878,650$0$0$33,755,335
99$73,393,194$0$0$37,053,064
100$80,562,549$0$0$40,682,583