Can I retire at age 30 with 556,000?

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 $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%15.5%
1 years$45,914$45,505$45,106$44,717$44,336$43,335
2 years$22,730$22,306$21,896$21,498$21,112$20,109
3 years$15,003$14,577$14,168$13,774$13,395$12,420
4 years$11,140$10,716$10,311$9,924$9,553$8,616
5 years$8,823$8,401$8,002$7,622$7,262$6,364
6 years$7,279$6,860$6,467$6,096$5,746$4,888
7 years$6,176$5,761$5,374$5,011$4,673$3,856
8 years$5,349$4,939$4,557$4,204$3,877$3,100
9 years$4,707$4,300$3,925$3,581$3,265$2,527
10 years$4,193$3,790$3,422$3,087$2,782$2,083
11 years$3,773$3,374$3,013$2,686$2,393$1,731
12 years$3,423$3,028$2,674$2,356$2,073$1,449
13 years$3,128$2,737$2,389$2,080$1,808$1,219
14 years$2,874$2,488$2,146$1,847$1,585$1,030
15 years$2,655$2,273$1,938$1,647$1,395$874
16 years$2,463$2,085$1,757$1,475$1,233$744
17 years$2,294$1,920$1,599$1,325$1,094$635
18 years$2,144$1,774$1,459$1,194$972$543
19 years$2,010$1,644$1,336$1,079$867$465
20 years$1,890$1,528$1,226$977$774$399
21 years$1,781$1,423$1,128$887$693$342
22 years$1,682$1,329$1,039$806$621$294
23 years$1,592$1,243$960$734$557$253
24 years$1,509$1,164$888$670$501$218
25 years$1,433$1,093$822$612$451$188
26 years$1,364$1,027$762$559$406$162
27 years$1,299$966$708$512$366$140
28 years$1,239$911$658$469$330$121
29 years$1,184$859$613$430$298$104
30 years$1,132$811$571$395$270$90
31 years$1,083$767$532$363$244$78
32 years$1,038$726$496$333$220$67
33 years$996$687$463$306$199$58
34 years$956$651$433$282$181$50
35 years$918$618$405$260$164$44
36 years$883$586$379$239$148$38
37 years$850$557$354$220$134$33
38 years$818$529$332$203$122$28
39 years$788$503$311$187$110$24
40 years$760$479$291$173$100$21
41 years$733$456$273$159$91$18
42 years$708$434$256$147$82$16
43 years$684$414$241$136$75$14
44 years$661$394$226$125$68$12
45 years$639$376$212$116$62$10
46 years$618$359$199$107$56$9
47 years$598$342$187$99$51$8
48 years$579$327$176$91$46$7
49 years$560$312$165$84$42$6
50 years$543$298$155$78$38$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $556,000, adding $4,217 every year, while hoping to spend $23,797 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: 30/40/30 Blend
29$556,000$556,000$556,000$556,000
30$617,062$587,594$578,976$629,804
31$654,682$591,066$573,052$643,650
32$695,343$593,911$566,132$656,188
33$739,327$596,072$558,157$669,213
34$786,950$597,491$549,066$682,785
35$838,555$598,104$538,796$696,972
36$894,521$597,844$527,279$711,848
37$955,263$596,641$514,444$727,501
38$1,021,241$594,417$500,219$744,028
39$1,092,958$591,093$484,526$761,537
40$1,170,967$586,585$467,286$780,151
41$1,255,879$580,801$448,413$800,009
42$1,348,365$573,646$427,821$821,263
43$1,449,162$565,019$405,417$844,088
44$1,559,084$554,811$381,106$868,677
45$1,679,023$542,910$354,786$895,247
46$1,809,966$529,195$326,353$924,040
47$1,952,994$513,538$295,698$955,327
48$2,109,302$495,803$262,706$989,410
49$2,280,201$475,848$227,257$1,026,627
50$2,467,138$453,521$189,227$1,067,353
51$2,671,705$428,663$148,485$1,112,007
52$2,895,655$401,103$104,895$1,161,055
53$3,140,918$370,663$58,316$1,215,017
54$3,409,620$337,154$8,597$1,274,469
55$3,704,102$300,375$0$1,340,054
56$4,026,942$260,116$0$1,426,718
57$4,380,980$216,151$0$1,524,883
58$4,769,344$168,246$0$1,632,729
59$5,195,478$116,151$0$1,751,289
60$5,663,176$59,602$0$1,881,708
61$6,176,620$0$0$2,025,249
62$6,740,413$0$0$2,184,051
63$7,359,626$0$0$2,387,367
64$8,039,847$0$0$2,610,807
65$8,787,232$0$0$2,856,407
66$9,608,560$0$0$3,126,406
67$10,511,302$0$0$3,423,271
68$11,503,689$0$0$3,749,724
69$12,594,785$0$0$4,108,758
70$13,794,582$0$0$4,503,676
71$15,114,085$0$0$4,938,114
72$16,565,419$0$0$5,416,079
73$18,161,945$0$0$5,941,986
74$19,918,382$0$0$6,520,700
75$21,850,950$0$0$7,157,581
76$23,977,517$0$0$7,858,535
77$26,317,774$0$0$8,630,068
78$28,893,416$0$0$9,479,352
79$31,728,346$0$0$10,414,286
80$34,848,906$0$0$11,443,577
81$38,284,117$0$0$12,576,818
82$42,065,959$0$0$13,824,577
83$46,229,670$0$0$15,198,504
84$50,814,078$0$0$16,711,431
85$55,861,970$0$0$18,377,501
86$61,420,489$0$0$20,212,298
87$67,541,586$0$0$22,232,993
88$74,282,505$0$0$24,458,509
89$81,706,326$0$0$26,909,697
90$89,882,557$0$0$29,609,533
91$98,887,793$0$0$32,583,336
92$108,806,435$0$0$35,859,006
93$119,731,489$0$0$39,467,289
94$131,765,443$0$0$43,442,062
95$145,021,232$0$0$47,820,659
96$159,623,307$0$0$52,644,219
97$175,708,806$0$0$57,958,076
98$193,428,850$0$0$63,812,188
99$212,949,966$0$0$70,261,605
100$234,455,665$0$0$77,366,990