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%12.1%
1 years$46,244$45,832$45,430$45,038$44,655$44,263
2 years$22,893$22,467$22,054$21,653$21,264$20,869
3 years$15,111$14,682$14,270$13,873$13,491$13,105
4 years$11,220$10,793$10,385$9,995$9,622$9,248
5 years$8,886$8,462$8,059$7,677$7,314$6,954
6 years$7,331$6,910$6,513$6,139$5,788$5,441
7 years$6,220$5,803$5,412$5,048$4,707$4,374
8 years$5,388$4,974$4,590$4,234$3,905$3,586
9 years$4,741$4,331$3,953$3,607$3,288$2,983
10 years$4,223$3,817$3,447$3,109$2,802$2,510
11 years$3,800$3,398$3,034$2,706$2,410$2,131
12 years$3,448$3,050$2,693$2,373$2,088$1,823
13 years$3,150$2,757$2,406$2,095$1,821$1,569
14 years$2,895$2,506$2,162$1,860$1,596$1,356
15 years$2,674$2,289$1,952$1,659$1,405$1,178
16 years$2,481$2,100$1,770$1,485$1,242$1,026
17 years$2,311$1,934$1,610$1,334$1,101$897
18 years$2,160$1,787$1,470$1,203$979$786
19 years$2,025$1,656$1,346$1,087$873$690
20 years$1,903$1,539$1,235$984$780$607
21 years$1,794$1,434$1,136$893$698$535
22 years$1,694$1,338$1,047$812$625$472
23 years$1,603$1,252$967$740$561$417
24 years$1,520$1,173$894$675$505$369
25 years$1,444$1,101$828$616$454$327
26 years$1,373$1,034$768$563$409$290
27 years$1,308$973$713$516$369$257
28 years$1,248$917$663$472$333$228
29 years$1,192$865$617$433$300$202
30 years$1,140$817$575$398$271$180
31 years$1,091$773$536$365$245$160
32 years$1,046$731$500$336$222$142
33 years$1,003$692$467$309$201$126
34 years$963$656$436$284$182$113
35 years$925$622$408$261$165$100
36 years$889$591$381$241$149$89
37 years$856$561$357$222$135$79
38 years$824$533$334$204$123$71
39 years$794$507$313$188$111$63
40 years$766$482$294$174$101$56
41 years$739$459$275$160$92$50
42 years$713$437$258$148$83$45
43 years$689$417$242$137$75$40
44 years$665$397$227$126$68$35
45 years$643$379$214$117$62$32
46 years$622$361$201$108$56$28
47 years$602$345$188$99$51$25
48 years$583$329$177$92$47$22
49 years$564$314$166$85$42$20
50 years$547$300$156$78$38$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $560,000, adding $3,455 every year, while hoping to spend $32,609 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: 55/34/11 Blend
29$560,000$560,000$560,000$560,000
30$620,684$591,004$582,324$652,913
31$649,298$585,267$567,136$669,408
32$679,738$578,157$550,346$683,496
33$712,155$569,570$531,867$698,067
34$746,716$559,401$511,606$713,173
35$783,603$547,533$489,466$728,872
36$823,014$533,846$465,348$745,231
37$865,170$518,213$439,145$762,324
38$910,309$500,497$410,748$780,237
39$958,694$480,555$380,042$799,064
40$1,010,614$458,236$346,907$818,912
41$1,066,385$433,378$311,216$839,902
42$1,126,355$405,811$272,840$862,169
43$1,190,904$375,357$231,641$885,864
44$1,260,451$341,824$187,476$911,157
45$1,335,456$305,013$140,196$938,239
46$1,416,425$264,711$89,645$967,322
47$1,503,913$220,694$35,660$998,644
48$1,598,528$172,725$0$1,032,473
49$1,700,944$120,553$0$1,071,680
50$1,811,895$63,916$0$1,118,656
51$1,932,193$2,532$0$1,169,603
52$2,062,730$0$0$1,224,955
53$2,204,485$0$0$1,309,100
54$2,358,536$0$0$1,401,619
55$2,526,071$0$0$1,502,283
56$2,708,394$0$0$1,611,882
57$2,906,940$0$0$1,731,286
58$3,123,290$0$0$1,861,452
59$3,359,183$0$0$2,003,432
60$3,616,533$0$0$2,158,386
61$3,897,445$0$0$2,327,589
62$4,204,240$0$0$2,512,445
63$4,539,469$0$0$2,714,502
64$4,905,943$0$0$2,935,460
65$5,306,756$0$0$3,177,195
66$5,745,314$0$0$3,441,769
67$6,225,370$0$0$3,731,457
68$6,751,053$0$0$4,048,758
69$7,326,913$0$0$4,396,431
70$7,957,959$0$0$4,777,509
71$8,649,709$0$0$5,195,335
72$9,408,238$0$0$5,653,591
73$10,240,239$0$0$6,156,332
74$11,153,084$0$0$6,708,023
75$12,154,891$0$0$7,313,585
76$13,254,605$0$0$7,978,437
77$14,462,077$0$0$8,708,547
78$15,788,160$0$0$9,510,493
79$17,244,808$0$0$10,391,518
80$18,845,191$0$0$11,359,603
81$20,603,818$0$0$12,423,539
82$22,536,672$0$0$13,593,012
83$24,661,361$0$0$14,878,692
84$26,997,287$0$0$16,292,337
85$29,565,821$0$0$17,846,898
86$32,390,513$0$0$19,556,646
87$35,497,306$0$0$21,437,303
88$38,914,785$0$0$23,506,193
89$42,674,445$0$0$25,782,400
90$46,810,986$0$0$28,286,957
91$51,362,642$0$0$31,043,032
92$56,371,541$0$0$34,076,158
93$61,884,100$0$0$37,414,465
94$67,951,463$0$0$41,088,949
95$74,629,986$0$0$45,133,764
96$81,981,763$0$0$49,586,543
97$90,075,217$0$0$54,488,754
98$98,985,739$0$0$59,886,087
99$108,796,405$0$0$65,828,893
100$119,598,753$0$0$72,372,649