Can I retire at age 30 with 559,000?

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 $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%13.4%
1 years$46,162$45,751$45,349$44,958$44,575$43,946
2 years$22,852$22,427$22,014$21,614$21,226$20,593
3 years$15,084$14,656$14,245$13,849$13,467$12,850
4 years$11,200$10,774$10,366$9,977$9,605$9,009
5 years$8,870$8,447$8,045$7,663$7,301$6,728
6 years$7,318$6,897$6,501$6,128$5,777$5,227
7 years$6,209$5,792$5,403$5,039$4,698$4,172
8 years$5,378$4,965$4,582$4,227$3,898$3,395
9 years$4,732$4,323$3,946$3,600$3,283$2,803
10 years$4,216$3,811$3,441$3,103$2,797$2,340
11 years$3,793$3,392$3,029$2,701$2,405$1,971
12 years$3,442$3,045$2,688$2,369$2,084$1,672
13 years$3,144$2,752$2,402$2,092$1,818$1,426
14 years$2,890$2,501$2,158$1,857$1,593$1,223
15 years$2,669$2,285$1,948$1,656$1,403$1,053
16 years$2,477$2,096$1,766$1,483$1,240$909
17 years$2,307$1,931$1,607$1,332$1,099$787
18 years$2,156$1,784$1,467$1,200$978$683
19 years$2,021$1,653$1,343$1,085$871$594
20 years$1,900$1,536$1,233$982$778$518
21 years$1,790$1,431$1,134$892$696$452
22 years$1,691$1,336$1,045$811$624$395
23 years$1,600$1,249$965$738$560$346
24 years$1,517$1,171$892$673$504$303
25 years$1,441$1,099$827$615$453$265
26 years$1,371$1,032$767$562$408$233
27 years$1,306$972$712$515$368$204
28 years$1,246$916$662$472$332$179
29 years$1,190$864$616$432$300$158
30 years$1,138$816$574$397$271$139
31 years$1,089$771$535$364$245$122
32 years$1,044$730$499$335$222$107
33 years$1,001$691$466$308$201$94
34 years$961$655$435$283$182$83
35 years$923$621$407$261$164$73
36 years$888$590$381$240$149$64
37 years$854$560$356$221$135$57
38 years$823$532$334$204$122$50
39 years$793$506$313$188$111$44
40 years$764$481$293$174$101$39
41 years$737$458$275$160$91$34
42 years$712$436$258$148$83$30
43 years$687$416$242$136$75$27
44 years$664$396$227$126$68$23
45 years$642$378$213$116$62$21
46 years$621$361$200$107$56$18
47 years$601$344$188$99$51$16
48 years$582$329$177$92$46$14
49 years$563$314$166$85$42$12
50 years$546$300$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 $559,000, adding $5,237 every year, while hoping to spend $40,945 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: 87/6/7 Blend
29$559,000$559,000$559,000$559,000
30$621,420$591,793$583,128$674,706
31$641,240$577,226$559,098$695,657
32$661,709$560,572$532,890$712,466
33$682,850$541,687$504,389$729,618
34$704,687$520,417$473,473$747,116
35$727,246$496,598$440,015$764,966
36$750,553$470,059$403,883$783,173
37$774,634$440,616$364,938$801,740
38$799,518$408,078$323,035$820,674
39$825,236$372,241$278,023$839,979
40$851,818$332,888$229,745$859,660
41$879,297$289,794$178,035$879,722
42$907,708$242,716$122,722$900,172
43$937,086$191,402$63,626$921,015
44$967,470$135,581$558$942,257
45$998,900$74,972$0$963,904
46$1,031,417$9,275$0$990,948
47$1,065,065$0$0$1,018,780
48$1,099,891$0$0$1,051,464
49$1,135,945$0$0$1,085,935
50$1,173,278$0$0$1,121,628
51$1,211,945$0$0$1,158,598
52$1,252,005$0$0$1,196,899
53$1,293,518$0$0$1,236,591
54$1,336,551$0$0$1,277,736
55$1,381,172$0$0$1,320,401
56$1,427,456$0$0$1,364,656
57$1,475,482$0$0$1,410,577
58$1,525,332$0$0$1,458,244
59$1,577,097$0$0$1,507,742
60$1,630,871$0$0$1,559,163
61$1,686,757$0$0$1,612,604
62$1,744,864$0$0$1,668,169
63$1,805,308$0$0$1,725,972
64$1,868,216$0$0$1,786,131
65$1,933,721$0$0$1,848,776
66$2,001,968$0$0$1,914,045
67$2,073,114$0$0$1,982,087
68$2,147,325$0$0$2,053,064
69$2,224,783$0$0$2,127,147
70$2,305,682$0$0$2,204,524
71$2,390,232$0$0$2,285,396
72$2,478,662$0$0$2,369,982
73$2,571,217$0$0$2,458,516
74$2,668,165$0$0$2,551,255
75$2,769,794$0$0$2,648,476
76$2,876,417$0$0$2,750,479
77$2,988,375$0$0$2,857,589
78$3,106,038$0$0$2,970,161
79$3,229,807$0$0$3,088,580
80$3,360,120$0$0$3,213,265
81$3,497,452$0$0$3,344,672
82$3,642,322$0$0$3,483,298
83$3,795,294$0$0$3,629,683
84$3,956,986$0$0$3,784,420
85$4,128,069$0$0$3,948,151
86$4,309,278$0$0$4,121,581
87$4,501,415$0$0$4,305,479
88$4,705,356$0$0$4,500,684
89$4,922,061$0$0$4,708,115
90$5,152,577$0$0$4,928,779
91$5,398,053$0$0$5,163,773
92$5,659,745$0$0$5,414,303
93$5,939,028$0$0$5,681,688
94$6,237,411$0$0$5,967,372
95$6,556,546$0$0$6,272,940
96$6,898,244$0$0$6,600,128
97$7,264,493$0$0$6,950,840
98$7,657,473$0$0$7,327,167
99$8,079,574$0$0$7,731,400
100$8,533,423$0$0$8,166,056