Can I retire at age 30 with 557,000?

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 $557,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.5%
1 years$45,997$45,587$45,187$44,797$44,416$43,063
2 years$22,771$22,346$21,935$21,537$21,150$19,799
3 years$15,030$14,604$14,194$13,799$13,419$12,111
4 years$11,160$10,735$10,329$9,941$9,570$8,317
5 years$8,839$8,417$8,016$7,636$7,275$6,079
6 years$7,292$6,873$6,478$6,107$5,757$4,619
7 years$6,187$5,772$5,383$5,021$4,682$3,602
8 years$5,359$4,947$4,566$4,212$3,884$2,862
9 years$4,715$4,308$3,932$3,587$3,271$2,305
10 years$4,201$3,797$3,428$3,092$2,787$1,876
11 years$3,780$3,380$3,018$2,691$2,397$1,540
12 years$3,429$3,034$2,679$2,361$2,077$1,272
13 years$3,133$2,742$2,393$2,084$1,811$1,056
14 years$2,879$2,492$2,150$1,850$1,588$880
15 years$2,660$2,277$1,941$1,650$1,398$736
16 years$2,468$2,089$1,760$1,477$1,236$618
17 years$2,298$1,924$1,602$1,327$1,095$519
18 years$2,148$1,778$1,462$1,196$974$437
19 years$2,014$1,647$1,338$1,081$868$369
20 years$1,893$1,531$1,228$979$775$312
21 years$1,784$1,426$1,130$888$694$264
22 years$1,685$1,331$1,041$808$622$223
23 years$1,595$1,245$962$736$558$189
24 years$1,512$1,166$889$671$502$160
25 years$1,436$1,095$824$613$452$136
26 years$1,366$1,029$764$560$407$116
27 years$1,301$968$709$513$367$98
28 years$1,241$912$659$470$331$83
29 years$1,186$861$614$431$299$71
30 years$1,134$813$572$395$270$60
31 years$1,085$768$533$363$244$51
32 years$1,040$727$497$334$221$43
33 years$998$689$464$307$200$37
34 years$958$653$434$282$181$31
35 years$920$619$406$260$164$27
36 years$885$587$379$239$148$23
37 years$851$558$355$221$135$19
38 years$820$530$332$203$122$16
39 years$790$504$312$187$111$14
40 years$762$480$292$173$100$12
41 years$735$457$274$160$91$10
42 years$709$435$257$147$83$9
43 years$685$414$241$136$75$7
44 years$662$395$226$125$68$6
45 years$640$377$212$116$62$5
46 years$619$359$199$107$56$5
47 years$599$343$187$99$51$4
48 years$580$327$176$91$46$3
49 years$561$313$166$84$42$3
50 years$544$299$156$78$38$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $557,000, adding $5,852 every year, while hoping to spend $40,303 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: 57/34/9 Blend
29$557,000$557,000$557,000$557,000
30$619,850$590,329$581,696$653,536
31$640,193$576,373$558,301$662,967
32$661,260$560,383$532,771$668,228
33$683,082$542,215$504,992$672,980
34$705,693$521,721$474,846$677,181
35$729,128$498,739$442,208$680,784
36$753,424$473,102$406,946$683,741
37$778,620$444,631$368,927$686,000
38$804,760$413,139$328,006$687,508
39$831,888$378,425$284,037$688,207
40$860,051$340,279$236,863$688,040
41$889,302$298,478$186,323$686,942
42$919,694$252,786$132,248$684,850
43$951,286$202,956$74,462$681,695
44$984,141$148,725$12,780$677,405
45$1,018,325$89,814$0$671,906
46$1,053,911$25,932$0$670,215
47$1,090,976$0$0$668,796
48$1,129,603$0$0$682,532
49$1,169,881$0$0$706,981
50$1,211,907$0$0$732,501
51$1,255,784$0$0$759,157
52$1,301,625$0$0$787,018
53$1,349,551$0$0$816,159
54$1,399,693$0$0$846,661
55$1,452,193$0$0$878,613
56$1,507,205$0$0$912,111
57$1,564,894$0$0$947,257
58$1,625,443$0$0$984,165
59$1,689,047$0$0$1,022,957
60$1,755,919$0$0$1,063,765
61$1,826,292$0$0$1,106,734
62$1,900,418$0$0$1,152,022
63$1,978,571$0$0$1,199,800
64$2,061,053$0$0$1,250,255
65$2,148,188$0$0$1,303,590
66$2,240,334$0$0$1,360,029
67$2,337,879$0$0$1,419,813
68$2,441,248$0$0$1,483,210
69$2,550,906$0$0$1,550,507
70$2,667,359$0$0$1,622,024
71$2,791,162$0$0$1,698,106
72$2,922,923$0$0$1,779,134
73$3,063,306$0$0$1,865,522
74$3,213,039$0$0$1,957,728
75$3,372,919$0$0$2,056,248
76$3,543,819$0$0$2,161,631
77$3,726,697$0$0$2,274,476
78$3,922,603$0$0$2,395,441
79$4,132,688$0$0$2,525,246
80$4,358,217$0$0$2,664,684
81$4,600,576$0$0$2,814,623
82$4,861,286$0$0$2,976,017
83$5,142,020$0$0$3,149,915
84$5,444,612$0$0$3,337,465
85$5,771,079$0$0$3,539,933
86$6,123,636$0$0$3,758,707
87$6,504,716$0$0$3,995,313
88$6,916,996$0$0$4,251,430
89$7,363,415$0$0$4,528,901
90$7,847,207$0$0$4,829,755
91$8,371,927$0$0$5,156,222
92$8,941,483$0$0$5,510,754
93$9,560,177$0$0$5,896,049
94$10,232,737$0$0$6,315,075
95$10,964,367$0$0$6,771,096
96$11,760,791$0$0$7,267,707
97$12,628,310$0$0$7,808,859
98$13,573,855$0$0$8,398,904
99$14,605,056$0$0$9,042,630
100$15,730,309$0$0$9,745,307