Can I retire at age 30 with 561,000?

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 $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%16.9%
1 years$46,327$45,914$45,512$45,119$44,735$43,477
2 years$22,934$22,507$22,093$21,692$21,302$20,045
3 years$15,138$14,709$14,296$13,898$13,515$12,297
4 years$11,240$10,812$10,404$10,013$9,639$8,470
5 years$8,902$8,477$8,074$7,691$7,327$6,211
6 years$7,344$6,922$6,525$6,150$5,798$4,734
7 years$6,232$5,813$5,422$5,057$4,715$3,705
8 years$5,398$4,983$4,598$4,242$3,912$2,954
9 years$4,749$4,339$3,961$3,613$3,294$2,388
10 years$4,231$3,824$3,453$3,115$2,807$1,951
11 years$3,807$3,404$3,040$2,711$2,414$1,607
12 years$3,454$3,056$2,698$2,378$2,092$1,333
13 years$3,156$2,761$2,410$2,099$1,824$1,111
14 years$2,900$2,510$2,166$1,863$1,599$930
15 years$2,679$2,293$1,955$1,662$1,408$781
16 years$2,485$2,104$1,773$1,488$1,244$658
17 years$2,315$1,938$1,613$1,337$1,103$556
18 years$2,164$1,790$1,473$1,205$981$470
19 years$2,028$1,659$1,348$1,089$874$399
20 years$1,907$1,542$1,237$986$781$338
21 years$1,797$1,436$1,138$895$699$288
22 years$1,697$1,341$1,049$814$627$245
23 years$1,606$1,254$968$741$562$208
24 years$1,523$1,175$896$676$505$177
25 years$1,446$1,102$830$617$455$151
26 years$1,376$1,036$769$564$410$129
27 years$1,311$975$714$517$369$110
28 years$1,250$919$664$473$333$94
29 years$1,194$867$618$434$301$80
30 years$1,142$819$576$398$272$69
31 years$1,093$774$537$366$246$59
32 years$1,047$732$501$336$222$50
33 years$1,005$693$468$309$201$43
34 years$964$657$437$284$182$37
35 years$927$623$408$262$165$31
36 years$891$592$382$241$150$27
37 years$857$562$358$222$136$23
38 years$826$534$335$205$123$20
39 years$795$508$314$189$111$17
40 years$767$483$294$174$101$14
41 years$740$460$276$161$92$12
42 years$714$438$259$148$83$10
43 years$690$417$243$137$76$9
44 years$667$398$228$126$69$8
45 years$644$379$214$117$62$7
46 years$623$362$201$108$56$6
47 years$603$345$189$100$51$5
48 years$584$330$177$92$47$4
49 years$565$315$167$85$42$3
50 years$548$301$157$79$38$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $561,000, adding $4,492 every year, while hoping to spend $25,522 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: 64/25/11 Blend
29$561,000$561,000$561,000$561,000
30$622,855$593,122$584,427$660,898
31$659,232$595,030$576,850$688,774
32$698,463$596,176$568,164$715,825
33$740,813$596,496$558,305$744,729
34$786,573$595,921$547,205$775,664
35$836,061$594,379$534,794$808,828
36$889,629$591,794$521,000$844,441
37$947,662$588,083$505,744$882,744
38$1,010,584$583,159$488,947$924,005
39$1,078,862$576,932$470,524$968,518
40$1,153,007$569,303$450,388$1,016,611
41$1,233,585$560,169$428,447$1,068,642
42$1,321,215$549,422$404,604$1,125,012
43$1,416,580$536,945$378,760$1,186,158
44$1,520,431$522,615$350,808$1,252,567
45$1,633,595$506,303$320,640$1,324,776
46$1,756,981$487,871$288,141$1,403,377
47$1,891,590$467,174$253,191$1,489,024
48$2,038,525$444,058$215,665$1,582,439
49$2,198,997$418,360$175,433$1,684,422
50$2,374,343$389,908$132,359$1,795,853
51$2,566,032$358,520$86,299$1,917,705
52$2,775,683$324,003$37,106$2,051,052
53$3,005,078$286,154$0$2,197,081
54$3,256,179$244,758$0$2,358,906
55$3,531,146$199,589$0$2,540,933
56$3,832,359$150,405$0$2,740,415
57$4,162,439$96,954$0$2,959,136
58$4,524,271$38,968$0$3,199,060
59$4,921,033$0$0$3,462,354
60$5,356,227$0$0$3,757,967
61$5,833,708$0$0$4,094,105
62$6,357,723$0$0$4,463,043
63$6,932,951$0$0$4,868,080
64$7,564,544$0$0$5,312,850
65$8,258,179$0$0$5,801,356
66$9,020,110$0$0$6,338,006
67$9,857,224$0$0$6,927,660
68$10,777,112$0$0$7,575,669
69$11,788,134$0$0$8,287,928
70$12,899,500$0$0$9,070,933
71$14,121,358$0$0$9,931,840
72$15,464,889$0$0$10,878,534
73$16,942,408$0$0$11,919,700
74$18,567,488$0$0$13,064,908
75$20,355,080$0$0$14,324,705
76$22,321,659$0$0$15,710,706
77$24,485,374$0$0$17,235,714
78$26,866,226$0$0$18,913,831
79$29,486,251$0$0$20,760,599
80$32,369,727$0$0$22,793,140
81$35,543,409$0$0$25,030,322
82$39,036,772$0$0$27,492,933
83$42,882,299$0$0$30,203,880
84$47,115,779$0$0$33,188,404
85$51,776,647$0$0$36,474,317
86$56,908,358$0$0$40,092,264
87$62,558,795$0$0$44,076,016
88$68,780,718$0$0$48,462,782
89$75,632,266$0$0$53,293,565
90$83,177,504$0$0$58,613,547
91$91,487,024$0$0$64,472,514
92$100,638,616$0$0$70,925,328
93$110,717,997$0$0$78,032,443
94$121,819,625$0$0$85,860,474
95$134,047,582$0$0$94,482,829
96$147,516,566$0$0$103,980,399
97$162,352,963$0$0$114,442,321
98$178,696,050$0$0$125,966,820
99$196,699,298$0$0$138,662,137
100$216,531,829$0$0$152,647,548