Can I retire at age 30 with 558,000?

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 $558,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$46,079$45,669$45,268$44,877$44,496$43,867
2 years$22,811$22,387$21,975$21,576$21,188$20,556
3 years$15,057$14,630$14,219$13,824$13,443$12,827
4 years$11,180$10,755$10,348$9,959$9,588$8,992
5 years$8,854$8,432$8,030$7,650$7,288$6,716
6 years$7,305$6,885$6,490$6,117$5,767$5,218
7 years$6,198$5,782$5,393$5,030$4,690$4,164
8 years$5,369$4,956$4,574$4,219$3,891$3,389
9 years$4,724$4,315$3,939$3,594$3,277$2,798
10 years$4,208$3,804$3,434$3,098$2,792$2,336
11 years$3,787$3,386$3,024$2,696$2,401$1,967
12 years$3,436$3,039$2,683$2,365$2,081$1,669
13 years$3,139$2,747$2,397$2,088$1,814$1,424
14 years$2,885$2,497$2,154$1,853$1,591$1,221
15 years$2,665$2,281$1,945$1,653$1,400$1,051
16 years$2,472$2,093$1,763$1,480$1,238$907
17 years$2,303$1,927$1,605$1,330$1,097$786
18 years$2,152$1,781$1,465$1,198$976$682
19 years$2,017$1,650$1,341$1,083$870$593
20 years$1,896$1,534$1,231$981$777$517
21 years$1,787$1,429$1,132$890$695$451
22 years$1,688$1,333$1,043$809$623$394
23 years$1,597$1,247$963$737$559$345
24 years$1,515$1,169$891$672$503$302
25 years$1,439$1,097$825$614$452$265
26 years$1,369$1,031$765$561$408$232
27 years$1,304$970$711$514$367$204
28 years$1,244$914$661$471$332$179
29 years$1,188$862$615$432$299$157
30 years$1,136$814$573$396$271$138
31 years$1,087$770$534$364$245$122
32 years$1,042$728$498$334$221$107
33 years$999$690$465$307$200$94
34 years$959$654$435$283$181$83
35 years$922$620$406$260$164$73
36 years$886$589$380$240$149$64
37 years$853$559$356$221$135$57
38 years$821$531$333$204$122$50
39 years$791$505$312$188$111$44
40 years$763$481$293$173$101$39
41 years$736$457$274$160$91$34
42 years$710$436$257$148$83$30
43 years$686$415$241$136$75$26
44 years$663$396$227$126$68$23
45 years$641$377$213$116$62$21
46 years$620$360$200$107$56$18
47 years$600$344$188$99$51$16
48 years$581$328$176$92$46$14
49 years$562$313$166$85$42$12
50 years$545$299$156$78$38$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $558,000, adding $2,916 every year, while hoping to spend $42,045 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: 51/24/25 Blend
29$558,000$558,000$558,000$558,000
30$617,924$588,350$579,701$644,972
31$636,217$572,443$554,385$648,152
32$654,966$554,348$526,812$647,111
33$674,174$533,913$496,862$645,129
34$693,842$510,977$464,410$642,131
35$713,970$485,371$429,323$638,043
36$734,555$456,915$391,466$632,782
37$755,595$425,419$350,695$626,262
38$777,083$390,682$306,861$618,390
39$799,013$352,492$259,808$609,069
40$821,373$310,625$209,372$598,194
41$844,150$264,843$155,384$585,655
42$867,330$214,897$97,665$571,334
43$890,892$160,521$36,031$555,105
44$914,812$101,436$0$536,834
45$939,064$37,347$0$524,315
46$963,614$0$0$520,234
47$988,424$0$0$523,332
48$1,013,450$0$0$536,383
49$1,038,641$0$0$549,496
50$1,063,940$0$0$562,635
51$1,089,278$0$0$575,763
52$1,114,580$0$0$588,836
53$1,139,761$0$0$601,804
54$1,164,722$0$0$614,612
55$1,189,353$0$0$627,196
56$1,213,530$0$0$639,484
57$1,237,114$0$0$651,399
58$1,259,947$0$0$662,849
59$1,281,853$0$0$673,735
60$1,302,636$0$0$683,944
61$1,322,074$0$0$693,352
62$1,339,922$0$0$701,818
63$1,355,905$0$0$709,186
64$1,369,716$0$0$715,283
65$1,381,015$0$0$719,916
66$1,389,421$0$0$722,869
67$1,394,512$0$0$723,903
68$1,395,819$0$0$722,752
69$1,392,820$0$0$719,122
70$1,384,935$0$0$712,685
71$1,371,523$0$0$703,078
72$1,351,870$0$0$689,899
73$1,325,187$0$0$672,702
74$1,290,598$0$0$650,992
75$1,247,134$0$0$624,222
76$1,193,721$0$0$591,787
77$1,129,170$0$0$553,016
78$1,052,166$0$0$507,167
79$961,254$0$0$453,422
80$854,824$0$0$390,871
81$731,098$0$0$318,514
82$588,107$0$0$235,240
83$423,679$0$0$139,827
84$235,410$0$0$30,919
85$20,645$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0