Can I retire at age 30 with 555,000?

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 $555,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$45,831$45,423$45,025$44,636$44,256$43,886
2 years$22,689$22,266$21,857$21,460$21,075$20,701
3 years$14,976$14,551$14,143$13,749$13,371$13,005
4 years$11,120$10,697$10,292$9,906$9,536$9,182
5 years$8,807$8,386$7,987$7,609$7,249$6,908
6 years$7,265$6,848$6,455$6,085$5,736$5,408
7 years$6,165$5,751$5,364$5,002$4,665$4,350
8 years$5,340$4,930$4,549$4,196$3,870$3,568
9 years$4,698$4,292$3,918$3,574$3,259$2,970
10 years$4,186$3,783$3,416$3,081$2,777$2,501
11 years$3,766$3,368$3,007$2,682$2,388$2,125
12 years$3,417$3,023$2,669$2,352$2,070$1,818
13 years$3,122$2,732$2,385$2,077$1,805$1,566
14 years$2,869$2,483$2,143$1,843$1,582$1,355
15 years$2,650$2,268$1,934$1,644$1,393$1,177
16 years$2,459$2,081$1,754$1,472$1,231$1,026
17 years$2,290$1,917$1,596$1,323$1,092$898
18 years$2,140$1,771$1,457$1,192$971$787
19 years$2,007$1,642$1,334$1,077$865$692
20 years$1,886$1,525$1,224$975$773$609
21 years$1,778$1,421$1,126$885$691$537
22 years$1,679$1,326$1,038$805$620$474
23 years$1,589$1,240$958$733$556$420
24 years$1,507$1,162$886$669$500$371
25 years$1,431$1,091$821$611$450$329
26 years$1,361$1,025$761$558$405$292
27 years$1,297$965$707$511$365$259
28 years$1,237$909$657$468$330$230
29 years$1,181$858$611$429$298$205
30 years$1,130$810$570$394$269$182
31 years$1,081$766$531$362$243$162
32 years$1,036$724$495$333$220$144
33 years$994$686$463$306$199$128
34 years$954$650$432$281$180$114
35 years$917$617$404$259$163$102
36 years$881$585$378$239$148$91
37 years$848$556$354$220$134$81
38 years$817$528$331$203$122$72
39 years$787$502$310$187$110$64
40 years$759$478$291$172$100$57
41 years$732$455$273$159$91$51
42 years$707$433$256$147$82$46
43 years$682$413$240$135$75$41
44 years$659$394$225$125$68$36
45 years$637$375$212$115$62$32
46 years$617$358$199$107$56$29
47 years$597$342$187$99$51$26
48 years$578$326$175$91$46$23
49 years$559$311$165$84$42$20
50 years$542$298$155$78$38$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $555,000, adding $3,655 every year, while hoping to spend $35,856 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: 67/28/5 Blend
29$555,000$555,000$555,000$555,000
30$615,380$585,965$577,363$655,989
31$639,998$576,527$558,554$673,932
32$665,926$565,424$537,913$688,848
33$693,259$552,538$515,341$704,181
34$722,100$537,742$490,735$719,966
35$752,565$520,902$463,985$736,241
36$784,777$501,877$434,979$753,051
37$818,871$480,515$403,597$770,446
38$854,995$456,660$369,717$788,482
39$893,311$430,142$333,209$807,221
40$933,995$400,785$293,937$826,737
41$977,240$368,401$251,761$847,108
42$1,023,257$332,792$206,534$868,425
43$1,072,277$293,747$158,101$890,789
44$1,124,554$251,045$106,302$914,314
45$1,180,365$204,452$50,970$939,128
46$1,240,013$153,721$0$965,372
47$1,303,832$98,591$0$993,638
48$1,372,186$38,786$0$1,026,604
49$1,445,477$0$0$1,061,758
50$1,524,143$0$0$1,107,340
51$1,608,666$0$0$1,169,181
52$1,699,577$0$0$1,235,719
53$1,797,455$0$0$1,307,383
54$1,902,939$0$0$1,384,644
55$2,016,731$0$0$1,468,019
56$2,139,599$0$0$1,558,076
57$2,272,390$0$0$1,655,438
58$2,416,035$0$0$1,760,792
59$2,571,554$0$0$1,874,893
60$2,740,073$0$0$1,998,568
61$2,922,827$0$0$2,132,729
62$3,121,175$0$0$2,278,380
63$3,336,611$0$0$2,436,622
64$3,570,780$0$0$2,608,670
65$3,825,489$0$0$2,795,857
66$4,102,729$0$0$2,999,652
67$4,404,690$0$0$3,221,671
68$4,733,780$0$0$3,463,691
69$5,092,651$0$0$3,727,669
70$5,484,222$0$0$4,015,760
71$5,911,706$0$0$4,330,334
72$6,378,637$0$0$4,674,001
73$6,888,909$0$0$5,049,634
74$7,446,808$0$0$5,460,396
75$8,057,053$0$0$5,909,771
76$8,724,839$0$0$6,401,593
77$9,455,887$0$0$6,940,085
78$10,256,496$0$0$7,529,898
79$11,133,606$0$0$8,176,152
80$12,094,855$0$0$8,884,487
81$13,148,659$0$0$9,661,116
82$14,304,285$0$0$10,512,878
83$15,571,940$0$0$11,447,309
84$16,962,868$0$0$12,472,710
85$18,489,452$0$0$13,598,220
86$20,165,333$0$0$14,833,912
87$22,005,538$0$0$16,190,878
88$24,026,618$0$0$17,681,337
89$26,246,810$0$0$19,318,751
90$28,686,199$0$0$21,117,949
91$31,366,916$0$0$23,095,270
92$34,313,340$0$0$25,268,711
93$37,552,329$0$0$27,658,101
94$41,113,475$0$0$30,285,286
95$45,029,378$0$0$33,174,335
96$49,335,956$0$0$36,351,766
97$54,072,783$0$0$39,846,794
98$59,283,461$0$0$43,691,610
99$65,016,027$0$0$47,921,682
100$71,323,414$0$0$52,576,087