Can I retire at age 30 with 556,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $556,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.2%
1 years$45,914$45,505$45,106$44,717$44,336$43,212
2 years$22,730$22,306$21,896$21,498$21,112$19,987
3 years$15,003$14,577$14,168$13,774$13,395$12,303
4 years$11,140$10,716$10,311$9,924$9,553$8,504
5 years$8,823$8,401$8,002$7,622$7,262$6,259
6 years$7,279$6,860$6,467$6,096$5,746$4,789
7 years$6,176$5,761$5,374$5,011$4,673$3,763
8 years$5,349$4,939$4,557$4,204$3,877$3,012
9 years$4,707$4,300$3,925$3,581$3,265$2,446
10 years$4,193$3,790$3,422$3,087$2,782$2,007
11 years$3,773$3,374$3,013$2,686$2,393$1,661
12 years$3,423$3,028$2,674$2,356$2,073$1,383
13 years$3,128$2,737$2,389$2,080$1,808$1,159
14 years$2,874$2,488$2,146$1,847$1,585$975
15 years$2,655$2,273$1,938$1,647$1,395$823
16 years$2,463$2,085$1,757$1,475$1,233$697
17 years$2,294$1,920$1,599$1,325$1,094$591
18 years$2,144$1,774$1,459$1,194$972$503
19 years$2,010$1,644$1,336$1,079$867$429
20 years$1,890$1,528$1,226$977$774$366
21 years$1,781$1,423$1,128$887$693$312
22 years$1,682$1,329$1,039$806$621$267
23 years$1,592$1,243$960$734$557$229
24 years$1,509$1,164$888$670$501$196
25 years$1,433$1,093$822$612$451$168
26 years$1,364$1,027$762$559$406$144
27 years$1,299$966$708$512$366$124
28 years$1,239$911$658$469$330$106
29 years$1,184$859$613$430$298$91
30 years$1,132$811$571$395$270$78
31 years$1,083$767$532$363$244$67
32 years$1,038$726$496$333$220$58
33 years$996$687$463$306$199$50
34 years$956$651$433$282$181$43
35 years$918$618$405$260$164$37
36 years$883$586$379$239$148$32
37 years$850$557$354$220$134$27
38 years$818$529$332$203$122$23
39 years$788$503$311$187$110$20
40 years$760$479$291$173$100$17
41 years$733$456$273$159$91$15
42 years$708$434$256$147$82$13
43 years$684$414$241$136$75$11
44 years$661$394$226$125$68$9
45 years$639$376$212$116$62$8
46 years$618$359$199$107$56$7
47 years$598$342$187$99$51$6
48 years$579$327$176$91$46$5
49 years$560$312$165$84$42$4
50 years$543$298$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 $556,000, adding $4,541 every year, while hoping to spend $21,072 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: 63/27/10 Blend
29$556,000$556,000$556,000$556,000
30$617,396$587,928$579,310$654,645
31$657,950$594,316$576,296$686,489
32$701,934$600,311$572,476$718,386
33$749,676$605,871$567,798$752,682
34$801,537$610,952$562,213$789,609
35$857,912$615,507$555,666$829,424
36$919,237$619,485$548,099$872,409
37$985,994$622,834$539,454$918,877
38$1,058,708$625,497$529,670$969,172
39$1,137,963$627,412$518,679$1,023,672
40$1,224,395$628,516$506,416$1,082,797
41$1,318,711$628,740$492,808$1,147,009
42$1,421,683$628,012$477,781$1,216,818
43$1,534,166$626,256$461,257$1,292,785
44$1,657,097$623,388$443,155$1,375,531
45$1,791,510$619,323$423,390$1,465,740
46$1,938,543$613,969$401,873$1,564,167
47$2,099,448$607,228$378,510$1,671,644
48$2,275,606$598,996$353,204$1,789,090
49$2,468,535$589,164$325,854$1,917,519
50$2,679,909$577,617$296,353$2,058,048
51$2,911,571$564,230$264,591$2,211,910
52$3,165,548$548,875$230,452$2,380,465
53$3,444,076$531,412$193,815$2,565,213
54$3,749,617$511,697$154,553$2,767,809
55$4,084,882$489,574$112,534$2,990,078
56$4,452,857$464,880$67,622$3,234,033
57$4,856,832$437,443$19,671$3,501,894
58$5,300,431$407,079$0$3,796,110
59$5,787,646$373,597$0$4,122,742
60$6,322,873$336,790$0$4,483,866
61$6,910,957$296,444$0$4,880,683
62$7,557,235$252,330$0$5,316,833
63$8,267,586$204,208$0$5,796,331
64$9,048,488$151,822$0$6,323,599
65$9,907,076$94,904$0$6,903,518
66$10,851,214$33,170$0$7,541,464
67$11,889,562$0$0$8,243,366
68$13,031,664$0$0$9,025,768
69$14,288,036$0$0$9,897,337
70$15,670,264$0$0$10,856,260
71$17,191,110$0$0$11,911,399
72$18,864,642$0$0$13,072,519
73$20,706,355$0$0$14,350,376
74$22,733,324$0$0$15,756,826
75$24,964,364$0$0$17,304,928
76$27,420,206$0$0$19,009,076
77$30,123,693$0$0$20,885,127
78$33,099,994$0$0$22,950,554
79$36,376,843$0$0$25,224,612
80$39,984,802$0$0$27,728,516
81$43,957,544$0$0$30,485,645
82$48,332,176$0$0$33,521,759
83$53,149,586$0$0$36,865,244
84$58,454,829$0$0$40,547,379
85$64,297,552$0$0$44,602,631
86$70,732,464$0$0$49,068,980
87$77,819,848$0$0$53,988,278
88$85,626,134$0$0$59,406,645
89$94,224,525$0$0$65,374,898
90$103,695,684$0$0$71,949,040
91$114,128,499$0$0$79,190,781
92$125,620,921$0$0$87,168,121
93$138,280,886$0$0$95,955,997
94$152,227,336$0$0$105,636,983
95$167,591,342$0$0$116,302,073
96$184,517,335$0$0$128,051,542
97$203,164,478$0$0$140,995,886
98$223,708,160$0$0$155,256,871
99$246,341,656$0$0$170,968,677
100$271,277,949$0$0$188,279,169