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%12.9%
1 years$45,914$45,505$45,106$44,717$44,336$43,800
2 years$22,730$22,306$21,896$21,498$21,112$20,573
3 years$15,003$14,577$14,168$13,774$13,395$12,869
4 years$11,140$10,716$10,311$9,924$9,553$9,045
5 years$8,823$8,401$8,002$7,622$7,262$6,772
6 years$7,279$6,860$6,467$6,096$5,746$5,276
7 years$6,176$5,761$5,374$5,011$4,673$4,223
8 years$5,349$4,939$4,557$4,204$3,877$3,446
9 years$4,707$4,300$3,925$3,581$3,265$2,853
10 years$4,193$3,790$3,422$3,087$2,782$2,389
11 years$3,773$3,374$3,013$2,686$2,393$2,019
12 years$3,423$3,028$2,674$2,356$2,073$1,718
13 years$3,128$2,737$2,389$2,080$1,808$1,471
14 years$2,874$2,488$2,146$1,847$1,585$1,265
15 years$2,655$2,273$1,938$1,647$1,395$1,093
16 years$2,463$2,085$1,757$1,475$1,233$947
17 years$2,294$1,920$1,599$1,325$1,094$823
18 years$2,144$1,774$1,459$1,194$972$717
19 years$2,010$1,644$1,336$1,079$867$626
20 years$1,890$1,528$1,226$977$774$547
21 years$1,781$1,423$1,128$887$693$480
22 years$1,682$1,329$1,039$806$621$421
23 years$1,592$1,243$960$734$557$370
24 years$1,509$1,164$888$670$501$325
25 years$1,433$1,093$822$612$451$286
26 years$1,364$1,027$762$559$406$252
27 years$1,299$966$708$512$366$222
28 years$1,239$911$658$469$330$196
29 years$1,184$859$613$430$298$173
30 years$1,132$811$571$395$270$152
31 years$1,083$767$532$363$244$135
32 years$1,038$726$496$333$220$119
33 years$996$687$463$306$199$105
34 years$956$651$433$282$181$93
35 years$918$618$405$260$164$82
36 years$883$586$379$239$148$73
37 years$850$557$354$220$134$64
38 years$818$529$332$203$122$57
39 years$788$503$311$187$110$50
40 years$760$479$291$173$100$44
41 years$733$456$273$159$91$39
42 years$708$434$256$147$82$35
43 years$684$414$241$136$75$31
44 years$661$394$226$125$68$27
45 years$639$376$212$116$62$24
46 years$618$359$199$107$56$21
47 years$598$342$187$99$51$19
48 years$579$327$176$91$46$17
49 years$560$312$165$84$42$15
50 years$543$298$155$78$38$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $556,000, adding $3,543 every year, while hoping to spend $31,918 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: 68/7/25 Blend
29$556,000$556,000$556,000$556,000
30$616,367$586,899$578,281$654,093
31$645,275$581,696$563,693$674,658
32$676,063$575,169$547,546$693,165
33$708,888$567,219$529,755$712,671
34$743,923$557,740$510,230$733,277
35$781,357$546,624$488,877$755,090
36$821,398$533,751$465,597$778,234
37$864,275$518,999$440,288$802,843
38$910,236$502,235$412,843$829,066
39$959,556$483,320$383,149$857,072
40$1,012,536$462,108$351,090$887,043
41$1,069,505$438,442$316,542$919,185
42$1,130,827$412,158$279,379$953,723
43$1,196,899$383,081$239,465$990,909
44$1,268,158$351,028$196,663$1,031,021
45$1,345,084$315,803$150,825$1,074,366
46$1,428,206$277,200$101,801$1,121,287
47$1,518,103$235,002$49,431$1,172,161
48$1,615,411$188,980$0$1,227,405
49$1,720,834$138,890$0$1,289,205
50$1,835,139$84,476$0$1,370,534
51$1,959,175$25,468$0$1,458,807
52$2,093,874$0$0$1,554,701
53$2,240,261$0$0$1,661,921
54$2,399,462$0$0$1,780,690
55$2,572,718$0$0$1,909,974
56$2,761,395$0$0$2,050,797
57$2,966,995$0$0$2,204,283
58$3,191,169$0$0$2,371,669
59$3,435,738$0$0$2,554,320
60$3,702,703$0$0$2,753,734
61$3,994,269$0$0$2,971,563
62$4,312,863$0$0$3,209,624
63$4,661,155$0$0$3,469,919
64$5,042,087$0$0$3,754,651
65$5,458,897$0$0$4,066,246
66$5,915,151$0$0$4,407,375
67$6,414,775$0$0$4,780,979
68$6,962,094$0$0$5,190,299
69$7,561,869$0$0$5,638,902
70$8,219,346$0$0$6,130,717
71$8,940,298$0$0$6,670,072
72$9,731,090$0$0$7,261,732
73$10,598,727$0$0$7,910,948
74$11,550,927$0$0$8,623,503
75$12,596,192$0$0$9,405,765
76$13,743,887$0$0$10,264,753
77$15,004,328$0$0$11,208,194
78$16,388,879$0$0$12,244,604
79$17,910,058$0$0$13,383,363
80$19,581,657$0$0$14,634,805
81$21,418,870$0$0$16,010,313
82$23,438,435$0$0$17,522,430
83$25,658,792$0$0$19,184,973
84$28,100,260$0$0$21,013,166
85$30,785,222$0$0$23,023,782
86$33,738,341$0$0$25,235,300
87$36,986,787$0$0$27,668,080
88$40,560,501$0$0$30,344,555
89$44,492,466$0$0$33,289,441
90$48,819,028$0$0$36,529,974
91$53,580,231$0$0$40,096,158
92$58,820,200$0$0$44,021,057
93$64,587,551$0$0$48,341,101
94$70,935,854$0$0$53,096,431
95$77,924,136$0$0$58,331,278
96$85,617,436$0$0$64,094,379
97$94,087,422$0$0$70,439,434
98$103,413,062$0$0$77,425,620
99$113,681,373$0$0$85,118,139
100$124,988,236$0$0$93,588,841