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%15.6%
1 years$46,244$45,832$45,430$45,038$44,655$43,629
2 years$22,893$22,467$22,054$21,653$21,264$20,236
3 years$15,111$14,682$14,270$13,873$13,491$12,493
4 years$11,220$10,793$10,385$9,995$9,622$8,661
5 years$8,886$8,462$8,059$7,677$7,314$6,394
6 years$7,331$6,910$6,513$6,139$5,788$4,909
7 years$6,220$5,803$5,412$5,048$4,707$3,870
8 years$5,388$4,974$4,590$4,234$3,905$3,109
9 years$4,741$4,331$3,953$3,607$3,288$2,533
10 years$4,223$3,817$3,447$3,109$2,802$2,087
11 years$3,800$3,398$3,034$2,706$2,410$1,733
12 years$3,448$3,050$2,693$2,373$2,088$1,450
13 years$3,150$2,757$2,406$2,095$1,821$1,219
14 years$2,895$2,506$2,162$1,860$1,596$1,030
15 years$2,674$2,289$1,952$1,659$1,405$873
16 years$2,481$2,100$1,770$1,485$1,242$742
17 years$2,311$1,934$1,610$1,334$1,101$633
18 years$2,160$1,787$1,470$1,203$979$541
19 years$2,025$1,656$1,346$1,087$873$463
20 years$1,903$1,539$1,235$984$780$397
21 years$1,794$1,434$1,136$893$698$340
22 years$1,694$1,338$1,047$812$625$292
23 years$1,603$1,252$967$740$561$252
24 years$1,520$1,173$894$675$505$217
25 years$1,444$1,101$828$616$454$187
26 years$1,373$1,034$768$563$409$161
27 years$1,308$973$713$516$369$139
28 years$1,248$917$663$472$333$120
29 years$1,192$865$617$433$300$103
30 years$1,140$817$575$398$271$89
31 years$1,091$773$536$365$245$77
32 years$1,046$731$500$336$222$66
33 years$1,003$692$467$309$201$57
34 years$963$656$436$284$182$50
35 years$925$622$408$261$165$43
36 years$889$591$381$241$149$37
37 years$856$561$357$222$135$32
38 years$824$533$334$204$123$28
39 years$794$507$313$188$111$24
40 years$766$482$294$174$101$21
41 years$739$459$275$160$92$18
42 years$713$437$258$148$83$15
43 years$689$417$242$137$75$13
44 years$665$397$227$126$68$12
45 years$643$379$214$117$62$10
46 years$622$361$201$108$56$9
47 years$602$345$188$99$51$7
48 years$583$329$177$92$47$6
49 years$564$314$166$85$42$6
50 years$547$300$156$78$38$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $560,000, adding $6,538 every year, while hoping to spend $31,666 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: 47/46/7 Blend
29$560,000$560,000$560,000$560,000
30$623,864$594,184$585,504$651,709
31$653,806$589,607$571,426$666,934
32$685,740$583,744$555,815$679,593
33$719,837$576,499$538,586$692,591
34$756,283$567,769$519,651$705,968
35$795,281$557,448$498,917$719,771
36$837,056$545,419$476,287$734,053
37$881,853$531,561$451,659$748,877
38$929,940$515,746$424,928$764,311
39$981,614$497,837$395,983$780,435
40$1,037,198$477,691$364,708$797,339
41$1,097,048$455,154$330,982$815,126
42$1,161,557$430,066$294,680$833,910
43$1,231,152$402,255$255,668$853,823
44$1,306,306$371,543$213,809$875,012
45$1,387,537$337,736$168,960$897,644
46$1,475,416$300,635$120,970$921,904
47$1,570,569$260,027$69,683$948,005
48$1,673,683$215,685$14,934$976,182
49$1,785,518$167,372$0$1,006,700
50$1,906,904$114,837$0$1,043,105
51$2,038,759$57,815$0$1,083,883
52$2,182,090$0$0$1,128,305
53$2,338,005$0$0$1,178,813
54$2,507,723$0$0$1,265,705
55$2,692,587$0$0$1,360,409
56$2,894,073$0$0$1,463,689
57$3,113,806$0$0$1,576,387
58$3,353,574$0$0$1,699,427
59$3,615,347$0$0$1,833,827
60$3,901,292$0$0$1,980,710
61$4,213,794$0$0$2,141,310
62$4,555,480$0$0$2,316,986
63$4,929,242$0$0$2,509,234
64$5,338,265$0$0$2,719,703
65$5,786,055$0$0$2,950,208
66$6,276,473$0$0$3,202,747
67$6,813,772$0$0$3,479,520
68$7,402,633$0$0$3,782,952
69$8,048,214$0$0$4,115,713
70$8,756,197$0$0$4,480,743
71$9,532,835$0$0$4,881,280
72$10,385,022$0$0$5,320,892
73$11,320,346$0$0$5,803,510
74$12,347,169$0$0$6,333,460
75$13,474,700$0$0$6,915,512
76$14,713,086$0$0$7,554,919
77$16,073,502$0$0$8,257,467
78$17,568,260$0$0$9,029,532
79$19,210,924$0$0$9,878,135
80$21,016,437$0$0$10,811,016
81$23,001,262$0$0$11,836,697
82$25,183,534$0$0$12,964,571
83$27,583,237$0$0$14,204,985
84$30,222,386$0$0$15,569,339
85$33,125,236$0$0$17,070,194
86$36,318,512$0$0$18,721,389
87$39,831,659$0$0$20,538,171
88$43,697,119$0$0$22,537,342
89$47,950,640$0$0$24,737,414
90$52,631,606$0$0$27,158,782
91$57,783,417$0$0$29,823,922
92$63,453,888$0$0$32,757,597
93$69,695,710$0$0$35,987,093
94$76,566,937$0$0$39,542,477
95$84,131,541$0$0$43,456,878
96$92,460,010$0$0$47,766,801
97$101,630,015$0$0$52,512,472
98$111,727,141$0$0$57,738,216
99$122,845,697$0$0$63,492,874
100$135,089,600$0$0$69,830,266