Can I retire at age 30 with 558,000?

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 $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%20%
1 years$46,079$45,669$45,268$44,877$44,496$42,713
2 years$22,811$22,387$21,975$21,576$21,188$19,415
3 years$15,057$14,630$14,219$13,824$13,443$11,734
4 years$11,180$10,755$10,348$9,959$9,588$7,957
5 years$8,854$8,432$8,030$7,650$7,288$5,740
6 years$7,305$6,885$6,490$6,117$5,767$4,301
7 years$6,198$5,782$5,393$5,030$4,690$3,307
8 years$5,369$4,956$4,574$4,219$3,891$2,589
9 years$4,724$4,315$3,939$3,594$3,277$2,054
10 years$4,208$3,804$3,434$3,098$2,792$1,645
11 years$3,787$3,386$3,024$2,696$2,401$1,329
12 years$3,436$3,039$2,683$2,365$2,081$1,079
13 years$3,139$2,747$2,397$2,088$1,814$881
14 years$2,885$2,497$2,154$1,853$1,591$722
15 years$2,665$2,281$1,945$1,653$1,400$593
16 years$2,472$2,093$1,763$1,480$1,238$488
17 years$2,303$1,927$1,605$1,330$1,097$403
18 years$2,152$1,781$1,465$1,198$976$333
19 years$2,017$1,650$1,341$1,083$870$276
20 years$1,896$1,534$1,231$981$777$229
21 years$1,787$1,429$1,132$890$695$190
22 years$1,688$1,333$1,043$809$623$158
23 years$1,597$1,247$963$737$559$131
24 years$1,515$1,169$891$672$503$109
25 years$1,439$1,097$825$614$452$90
26 years$1,369$1,031$765$561$408$75
27 years$1,304$970$711$514$367$63
28 years$1,244$914$661$471$332$52
29 years$1,188$862$615$432$299$43
30 years$1,136$814$573$396$271$36
31 years$1,087$770$534$364$245$30
32 years$1,042$728$498$334$221$25
33 years$999$690$465$307$200$21
34 years$959$654$435$283$181$17
35 years$922$620$406$260$164$14
36 years$886$589$380$240$149$12
37 years$853$559$356$221$135$10
38 years$821$531$333$204$122$8
39 years$791$505$312$188$111$7
40 years$763$481$293$173$101$6
41 years$736$457$274$160$91$5
42 years$710$436$257$148$83$4
43 years$686$415$241$136$75$3
44 years$663$396$227$126$68$3
45 years$641$377$213$116$62$2
46 years$620$360$200$107$56$2
47 years$600$344$188$99$51$2
48 years$581$328$176$92$46$1
49 years$562$313$166$85$42$1
50 years$545$299$156$78$38$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $558,000, adding $5,564 every year, while hoping to spend $41,777 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: 44/26/30 Blend
29$558,000$558,000$558,000$558,000
30$620,655$591,081$582,432$642,350
31$639,512$575,594$557,493$642,933
32$658,891$557,947$530,319$639,186
33$678,803$537,992$500,790$634,340
34$699,257$515,569$468,781$628,319
35$720,259$490,510$434,164$621,039
36$741,819$462,639$396,802$612,414
37$763,943$431,767$356,553$602,353
38$786,637$397,695$313,270$590,759
39$809,907$360,214$266,797$577,528
40$833,755$319,102$216,972$562,552
41$858,184$274,125$163,627$545,716
42$883,197$225,035$106,586$526,898
43$908,791$171,569$45,665$505,971
44$934,964$113,452$0$482,797
45$961,711$50,393$0$463,427
46$989,025$0$0$457,515
47$1,016,895$0$0$455,463
48$1,045,308$0$0$468,055
49$1,074,248$0$0$480,865
50$1,103,692$0$0$493,882
51$1,133,615$0$0$507,091
52$1,163,987$0$0$520,476
53$1,194,771$0$0$534,019
54$1,225,925$0$0$547,698
55$1,257,399$0$0$561,488
56$1,289,136$0$0$575,358
57$1,321,070$0$0$589,276
58$1,353,125$0$0$603,203
59$1,385,215$0$0$617,097
60$1,417,241$0$0$630,907
61$1,449,092$0$0$644,578
62$1,480,642$0$0$658,047
63$1,511,747$0$0$671,243
64$1,542,248$0$0$684,086
65$1,571,964$0$0$696,488
66$1,600,691$0$0$708,347
67$1,628,203$0$0$719,551
68$1,654,244$0$0$729,975
69$1,678,531$0$0$739,479
70$1,700,745$0$0$747,906
71$1,720,531$0$0$755,082
72$1,737,494$0$0$760,814
73$1,751,194$0$0$764,884
74$1,761,140$0$0$767,053
75$1,766,787$0$0$767,054
76$1,767,529$0$0$764,591
77$1,762,694$0$0$759,335
78$1,751,535$0$0$750,920
79$1,733,222$0$0$738,942
80$1,706,836$0$0$722,952
81$1,671,360$0$0$702,453
82$1,625,663$0$0$676,895
83$1,568,495$0$0$645,668
84$1,498,473$0$0$608,097
85$1,414,063$0$0$563,436
86$1,313,569$0$0$510,859
87$1,195,116$0$0$449,453
88$1,056,629$0$0$378,207
89$895,815$0$0$296,006
90$710,137$0$0$201,616
91$496,792$0$0$93,674
92$252,684$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