Can I retire at age 30 with 560,000?

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 $560,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$46,244$45,832$45,430$45,038$44,655$44,467
2 years$22,893$22,467$22,054$21,653$21,264$21,074
3 years$15,111$14,682$14,270$13,873$13,491$13,305
4 years$11,220$10,793$10,385$9,995$9,622$9,442
5 years$8,886$8,462$8,059$7,677$7,314$7,140
6 years$7,331$6,910$6,513$6,139$5,788$5,620
7 years$6,220$5,803$5,412$5,048$4,707$4,545
8 years$5,388$4,974$4,590$4,234$3,905$3,750
9 years$4,741$4,331$3,953$3,607$3,288$3,139
10 years$4,223$3,817$3,447$3,109$2,802$2,659
11 years$3,800$3,398$3,034$2,706$2,410$2,273
12 years$3,448$3,050$2,693$2,373$2,088$1,958
13 years$3,150$2,757$2,406$2,095$1,821$1,696
14 years$2,895$2,506$2,162$1,860$1,596$1,478
15 years$2,674$2,289$1,952$1,659$1,405$1,292
16 years$2,481$2,100$1,770$1,485$1,242$1,135
17 years$2,311$1,934$1,610$1,334$1,101$999
18 years$2,160$1,787$1,470$1,203$979$882
19 years$2,025$1,656$1,346$1,087$873$781
20 years$1,903$1,539$1,235$984$780$693
21 years$1,794$1,434$1,136$893$698$615
22 years$1,694$1,338$1,047$812$625$548
23 years$1,603$1,252$967$740$561$488
24 years$1,520$1,173$894$675$505$435
25 years$1,444$1,101$828$616$454$389
26 years$1,373$1,034$768$563$409$347
27 years$1,308$973$713$516$369$311
28 years$1,248$917$663$472$333$278
29 years$1,192$865$617$433$300$249
30 years$1,140$817$575$398$271$223
31 years$1,091$773$536$365$245$200
32 years$1,046$731$500$336$222$180
33 years$1,003$692$467$309$201$161
34 years$963$656$436$284$182$145
35 years$925$622$408$261$165$130
36 years$889$591$381$241$149$117
37 years$856$561$357$222$135$105
38 years$824$533$334$204$123$95
39 years$794$507$313$188$111$85
40 years$766$482$294$174$101$76
41 years$739$459$275$160$92$69
42 years$713$437$258$148$83$62
43 years$689$417$242$137$75$56
44 years$665$397$227$126$68$50
45 years$643$379$214$117$62$45
46 years$622$361$201$108$56$41
47 years$602$345$188$99$51$37
48 years$583$329$177$92$47$33
49 years$564$314$166$85$42$30
50 years$547$300$156$78$38$27

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $560,000, adding $2,588 every year, while hoping to spend $28,071 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: 62/18/20 Blend
29$560,000$560,000$560,000$560,000
30$619,790$590,110$581,430$654,861
31$653,141$589,158$571,040$677,883
32$688,953$587,218$559,362$699,645
33$727,448$584,213$546,322$722,760
34$768,868$580,060$531,844$747,362
35$813,480$574,671$515,849$773,600
36$861,578$567,952$498,252$801,641
37$913,483$559,806$478,968$831,666
38$969,549$550,128$457,904$863,881
39$1,030,164$538,806$434,966$898,509
40$1,095,757$525,723$410,053$935,800
41$1,166,797$510,756$383,062$976,030
42$1,243,800$493,773$353,884$1,019,505
43$1,327,334$474,634$322,406$1,066,562
44$1,418,023$453,192$288,508$1,117,577
45$1,516,554$429,291$252,066$1,172,963
46$1,623,684$402,768$212,951$1,233,179
47$1,740,242$373,446$171,027$1,298,732
48$1,867,144$341,142$126,154$1,370,183
49$2,005,396$305,661$78,183$1,448,153
50$2,156,106$266,798$26,962$1,533,328
51$2,320,491$224,334$0$1,626,466
52$2,499,895$178,040$0$1,734,317
53$2,695,794$127,674$0$1,858,422
54$2,909,813$72,977$0$1,994,082
55$3,143,742$13,681$0$2,142,469
56$3,399,551$0$0$2,304,876
57$3,679,410$0$0$2,492,730
58$3,985,707$0$0$2,701,337
59$4,321,073$0$0$2,929,784
60$4,688,404$0$0$3,180,049
61$5,090,890$0$0$3,454,311
62$5,532,044$0$0$3,754,970
63$6,015,736$0$0$4,084,668
64$6,546,225$0$0$4,446,315
65$7,128,207$0$0$4,843,119
66$7,766,850$0$0$5,278,610
67$8,467,849$0$0$5,756,678
68$9,237,476$0$0$6,281,608
69$10,082,642$0$0$6,858,120
70$11,010,957$0$0$7,491,414
71$12,030,807$0$0$8,187,217
72$13,151,428$0$0$8,951,840
73$14,382,997$0$0$9,792,235
74$15,736,726$0$0$10,716,060
75$17,224,964$0$0$11,731,753
76$18,861,320$0$0$12,848,610
77$20,660,786$0$0$14,076,874
78$22,639,879$0$0$15,427,829
79$24,816,798$0$0$16,913,907
80$27,211,594$0$0$18,548,806
81$29,846,359$0$0$20,347,621
82$32,745,434$0$0$22,326,980
83$35,935,639$0$0$24,505,206
84$39,446,525$0$0$26,902,489
85$43,310,654$0$0$29,541,074
86$47,563,902$0$0$32,445,473
87$52,245,801$0$0$35,642,693
88$57,399,911$0$0$39,162,495
89$63,074,229$0$0$43,037,670
90$69,321,643$0$0$47,304,352
91$76,200,429$0$0$52,002,356
92$83,774,802$0$0$57,175,555
93$92,115,523$0$0$62,872,293
94$101,300,561$0$0$69,145,839
95$111,415,834$0$0$76,054,896
96$122,556,018$0$0$83,664,146
97$134,825,437$0$0$92,044,866
98$148,339,051$0$0$101,275,600
99$163,223,538$0$0$111,442,897
100$179,618,491$0$0$122,642,129