Can I retire at age 30 with 559,000?

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 $559,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$46,162$45,751$45,349$44,958$44,575$42,858
2 years$22,852$22,427$22,014$21,614$21,226$19,516
3 years$15,084$14,656$14,245$13,849$13,467$11,818
4 years$11,200$10,774$10,366$9,977$9,605$8,030
5 years$8,870$8,447$8,045$7,663$7,301$5,805
6 years$7,318$6,897$6,501$6,128$5,777$4,360
7 years$6,209$5,792$5,403$5,039$4,698$3,359
8 years$5,378$4,965$4,582$4,227$3,898$2,636
9 years$4,732$4,323$3,946$3,600$3,283$2,096
10 years$4,216$3,811$3,441$3,103$2,797$1,684
11 years$3,793$3,392$3,029$2,701$2,405$1,363
12 years$3,442$3,045$2,688$2,369$2,084$1,110
13 years$3,144$2,752$2,402$2,092$1,818$909
14 years$2,890$2,501$2,158$1,857$1,593$746
15 years$2,669$2,285$1,948$1,656$1,403$615
16 years$2,477$2,096$1,766$1,483$1,240$508
17 years$2,307$1,931$1,607$1,332$1,099$421
18 years$2,156$1,784$1,467$1,200$978$349
19 years$2,021$1,653$1,343$1,085$871$290
20 years$1,900$1,536$1,233$982$778$241
21 years$1,790$1,431$1,134$892$696$201
22 years$1,691$1,336$1,045$811$624$167
23 years$1,600$1,249$965$738$560$139
24 years$1,517$1,171$892$673$504$116
25 years$1,441$1,099$827$615$453$97
26 years$1,371$1,032$767$562$408$81
27 years$1,306$972$712$515$368$67
28 years$1,246$916$662$472$332$56
29 years$1,190$864$616$432$300$47
30 years$1,138$816$574$397$271$39
31 years$1,089$771$535$364$245$33
32 years$1,044$730$499$335$222$27
33 years$1,001$691$466$308$201$23
34 years$961$655$435$283$182$19
35 years$923$621$407$261$164$16
36 years$888$590$381$240$149$13
37 years$854$560$356$221$135$11
38 years$823$532$334$204$122$9
39 years$793$506$313$188$111$8
40 years$764$481$293$174$101$7
41 years$737$458$275$160$91$5
42 years$712$436$258$148$83$5
43 years$687$416$242$136$75$4
44 years$664$396$227$126$68$3
45 years$642$378$213$116$62$3
46 years$621$361$200$107$56$2
47 years$601$344$188$99$51$2
48 years$582$329$177$92$46$2
49 years$563$314$166$85$42$1
50 years$546$300$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 $559,000, adding $6,591 every year, while hoping to spend $29,285 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: 62/25/13 Blend
29$559,000$559,000$559,000$559,000
30$622,817$593,190$584,525$659,088
31$655,185$591,097$572,948$682,130
32$689,873$587,920$560,001$703,336
33$727,087$583,575$545,608$725,770
34$767,053$577,973$529,689$749,552
35$810,018$571,019$512,159$774,814
36$856,254$562,614$492,930$801,705
37$906,060$552,650$471,912$830,390
38$959,764$541,016$449,007$861,048
39$1,017,727$527,592$424,115$893,883
40$1,080,344$512,253$397,131$929,118
41$1,148,050$494,864$367,946$967,000
42$1,221,323$475,285$336,445$1,007,803
43$1,300,690$453,366$302,508$1,051,832
44$1,386,729$428,949$266,010$1,099,424
45$1,480,074$401,867$226,821$1,150,951
46$1,581,426$371,942$184,803$1,206,826
47$1,691,552$338,988$139,815$1,267,507
48$1,811,300$302,808$91,708$1,333,500
49$1,941,598$263,191$40,326$1,405,365
50$2,083,472$219,918$0$1,483,723
51$2,238,047$172,756$0$1,571,270
52$2,406,565$121,457$0$1,672,856
53$2,590,388$65,762$0$1,783,742
54$2,791,019$5,396$0$1,904,885
55$3,010,112$0$0$2,037,337
56$3,249,486$0$0$2,198,748
57$3,511,145$0$0$2,376,849
58$3,797,295$0$0$2,571,662
59$4,110,365$0$0$2,784,845
60$4,453,029$0$0$3,018,226
61$4,828,232$0$0$3,273,815
62$5,239,217$0$0$3,553,828
63$5,689,555$0$0$3,860,704
64$6,183,180$0$0$4,197,129
65$6,724,423$0$0$4,566,063
66$7,318,055$0$0$4,970,764
67$7,969,332$0$0$5,414,822
68$8,684,042$0$0$5,902,191
69$9,468,559$0$0$6,437,225
70$10,329,908$0$0$7,024,723
71$11,275,825$0$0$7,669,969
72$12,314,831$0$0$8,378,785
73$13,456,316$0$0$9,157,584
74$14,710,621$0$0$10,013,431
75$16,089,141$0$0$10,954,112
76$17,604,428$0$0$11,988,199
77$19,270,312$0$0$13,125,142
78$21,102,027$0$0$14,375,349
79$23,116,362$0$0$15,750,287
80$25,331,809$0$0$17,262,592
81$27,768,746$0$0$18,926,183
82$30,449,622$0$0$20,756,399
83$33,399,175$0$0$22,770,140
84$36,644,658$0$0$24,986,024
85$40,216,101$0$0$27,424,568
86$44,146,593$0$0$30,108,378
87$48,472,592$0$0$33,062,362
88$53,234,268$0$0$36,313,964
89$58,475,886$0$0$39,893,425
90$64,246,217$0$0$43,834,068
91$70,599,005$0$0$48,172,609
92$77,593,468$0$0$52,949,507
93$85,294,856$0$0$58,209,341
94$93,775,072$0$0$64,001,237
95$103,113,344$0$0$70,379,324
96$113,396,976$0$0$77,403,250
97$124,722,170$0$0$85,138,742
98$137,194,933$0$0$93,658,225
99$150,932,077$0$0$103,041,508
100$166,062,323$0$0$113,376,535