Can I retire at age 30 with 561,000?

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 $561,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$46,327$45,914$45,512$45,119$44,735$43,565
2 years$22,934$22,507$22,093$21,692$21,302$20,132
3 years$15,138$14,709$14,296$13,898$13,515$12,380
4 years$11,240$10,812$10,404$10,013$9,639$8,549
5 years$8,902$8,477$8,074$7,691$7,327$6,285
6 years$7,344$6,922$6,525$6,150$5,798$4,804
7 years$6,232$5,813$5,422$5,057$4,715$3,770
8 years$5,398$4,983$4,598$4,242$3,912$3,015
9 years$4,749$4,339$3,961$3,613$3,294$2,445
10 years$4,231$3,824$3,453$3,115$2,807$2,004
11 years$3,807$3,404$3,040$2,711$2,414$1,656
12 years$3,454$3,056$2,698$2,378$2,092$1,378
13 years$3,156$2,761$2,410$2,099$1,824$1,152
14 years$2,900$2,510$2,166$1,863$1,599$968
15 years$2,679$2,293$1,955$1,662$1,408$816
16 years$2,485$2,104$1,773$1,488$1,244$690
17 years$2,315$1,938$1,613$1,337$1,103$585
18 years$2,164$1,790$1,473$1,205$981$497
19 years$2,028$1,659$1,348$1,089$874$423
20 years$1,907$1,542$1,237$986$781$360
21 years$1,797$1,436$1,138$895$699$307
22 years$1,697$1,341$1,049$814$627$262
23 years$1,606$1,254$968$741$562$224
24 years$1,523$1,175$896$676$505$192
25 years$1,446$1,102$830$617$455$164
26 years$1,376$1,036$769$564$410$140
27 years$1,311$975$714$517$369$120
28 years$1,250$919$664$473$333$103
29 years$1,194$867$618$434$301$88
30 years$1,142$819$576$398$272$76
31 years$1,093$774$537$366$246$65
32 years$1,047$732$501$336$222$56
33 years$1,005$693$468$309$201$48
34 years$964$657$437$284$182$41
35 years$927$623$408$262$165$35
36 years$891$592$382$241$150$30
37 years$857$562$358$222$136$26
38 years$826$534$335$205$123$22
39 years$795$508$314$189$111$19
40 years$767$483$294$174$101$16
41 years$740$460$276$161$92$14
42 years$714$438$259$148$83$12
43 years$690$417$243$137$76$10
44 years$667$398$228$126$69$9
45 years$644$379$214$117$62$8
46 years$623$362$201$108$56$7
47 years$603$345$189$100$51$6
48 years$584$330$177$92$47$5
49 years$565$315$167$85$42$4
50 years$548$301$157$79$38$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $561,000, adding $2,875 every year, while hoping to spend $34,092 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: 46/38/16 Blend
29$561,000$561,000$561,000$561,000
30$621,188$591,455$582,759$646,813
31$648,275$584,162$566,008$657,649
32$676,983$575,370$547,553$665,726
33$707,440$564,968$527,301$673,754
34$739,789$552,841$505,155$681,742
35$774,182$538,866$481,013$689,703
36$810,791$522,912$454,769$697,653
37$849,799$504,842$426,311$705,613
38$891,410$484,511$395,524$713,608
39$935,845$461,763$362,286$721,670
40$983,349$436,437$326,469$729,836
41$1,034,187$408,359$287,943$738,151
42$1,088,652$377,347$246,567$746,668
43$1,147,066$343,208$202,199$755,448
44$1,209,781$305,739$154,686$764,564
45$1,277,182$264,724$103,872$774,100
46$1,349,694$219,935$49,591$784,153
47$1,427,783$171,132$0$794,836
48$1,511,961$118,061$0$807,700
49$1,602,788$60,454$0$830,596
50$1,700,884$0$0$855,249
51$1,806,925$0$0$882,709
52$1,921,657$0$0$939,821
53$2,045,901$0$0$1,001,722
54$2,180,557$0$0$1,068,867
55$2,326,617$0$0$1,141,758
56$2,485,169$0$0$1,220,945
57$2,657,412$0$0$1,307,035
58$2,844,665$0$0$1,400,696
59$3,048,378$0$0$1,502,660
60$3,270,146$0$0$1,613,737
61$3,511,726$0$0$1,734,814
62$3,775,051$0$0$1,866,869
63$4,062,246$0$0$2,010,981
64$4,375,652$0$0$2,168,333
65$4,717,846$0$0$2,340,230
66$5,091,664$0$0$2,528,108
67$5,500,228$0$0$2,733,549
68$5,946,976$0$0$2,958,294
69$6,435,692$0$0$3,204,259
70$6,970,545$0$0$3,473,556
71$7,556,122$0$0$3,768,508
72$8,197,478$0$0$4,091,676
73$8,900,177$0$0$4,445,879
74$9,670,347$0$0$4,834,221
75$10,514,739$0$0$5,260,123
76$11,440,787$0$0$5,727,349
77$12,456,678$0$0$6,240,050
78$13,571,432$0$0$6,802,795
79$14,794,981$0$0$7,420,616
80$16,138,270$0$0$8,099,059
81$17,613,351$0$0$8,844,232
82$19,233,503$0$0$9,662,864
83$21,013,354$0$0$10,562,366
84$22,969,018$0$0$11,550,905
85$25,118,247$0$0$12,637,476
86$27,480,599$0$0$13,831,993
87$30,077,620$0$0$15,145,372
88$32,933,048$0$0$16,589,646
89$36,073,036$0$0$18,178,069
90$39,526,399$0$0$19,925,243
91$43,324,882$0$0$21,847,259
92$47,503,466$0$0$23,961,844
93$52,100,687$0$0$26,288,531
94$57,159,008$0$0$28,848,841
95$62,725,216$0$0$31,666,488
96$68,850,861$0$0$34,767,599
97$75,592,744$0$0$38,180,965
98$83,013,449$0$0$41,938,306
99$91,181,940$0$0$46,074,577
100$100,174,202$0$0$50,628,292