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%15.3%
1 years$46,327$45,914$45,512$45,119$44,735$43,760
2 years$22,934$22,507$22,093$21,692$21,302$20,325
3 years$15,138$14,709$14,296$13,898$13,515$12,566
4 years$11,240$10,812$10,404$10,013$9,639$8,725
5 years$8,902$8,477$8,074$7,691$7,327$6,452
6 years$7,344$6,922$6,525$6,150$5,798$4,961
7 years$6,232$5,813$5,422$5,057$4,715$3,918
8 years$5,398$4,983$4,598$4,242$3,912$3,153
9 years$4,749$4,339$3,961$3,613$3,294$2,574
10 years$4,231$3,824$3,453$3,115$2,807$2,124
11 years$3,807$3,404$3,040$2,711$2,414$1,768
12 years$3,454$3,056$2,698$2,378$2,092$1,481
13 years$3,156$2,761$2,410$2,099$1,824$1,248
14 years$2,900$2,510$2,166$1,863$1,599$1,056
15 years$2,679$2,293$1,955$1,662$1,408$897
16 years$2,485$2,104$1,773$1,488$1,244$765
17 years$2,315$1,938$1,613$1,337$1,103$653
18 years$2,164$1,790$1,473$1,205$981$559
19 years$2,028$1,659$1,348$1,089$874$480
20 years$1,907$1,542$1,237$986$781$412
21 years$1,797$1,436$1,138$895$699$355
22 years$1,697$1,341$1,049$814$627$305
23 years$1,606$1,254$968$741$562$263
24 years$1,523$1,175$896$676$505$227
25 years$1,446$1,102$830$617$455$196
26 years$1,376$1,036$769$564$410$169
27 years$1,311$975$714$517$369$146
28 years$1,250$919$664$473$333$127
29 years$1,194$867$618$434$301$110
30 years$1,142$819$576$398$272$95
31 years$1,093$774$537$366$246$82
32 years$1,047$732$501$336$222$71
33 years$1,005$693$468$309$201$62
34 years$964$657$437$284$182$53
35 years$927$623$408$262$165$46
36 years$891$592$382$241$150$40
37 years$857$562$358$222$136$35
38 years$826$534$335$205$123$30
39 years$795$508$314$189$111$26
40 years$767$483$294$174$101$23
41 years$740$460$276$161$92$20
42 years$714$438$259$148$83$17
43 years$690$417$243$137$76$15
44 years$667$398$228$126$69$13
45 years$644$379$214$117$62$11
46 years$623$362$201$108$56$10
47 years$603$345$189$100$51$8
48 years$584$330$177$92$47$7
49 years$565$315$167$85$42$6
50 years$548$301$157$79$38$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $561,000, adding $6,620 every year, while hoping to spend $31,997 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: 71/8/21 Blend
29$561,000$561,000$561,000$561,000
30$625,051$595,318$586,622$665,759
31$654,761$590,444$572,229$688,880
32$686,430$584,258$556,282$709,768
33$720,222$576,664$538,694$731,846
34$756,321$567,556$519,376$755,228
35$794,925$556,825$498,234$780,041
36$836,252$544,355$475,170$806,425
37$880,542$530,020$450,081$834,535
38$928,058$513,692$422,859$864,542
39$979,088$495,231$393,393$896,636
40$1,033,949$474,492$361,566$931,027
41$1,092,988$451,318$327,255$967,947
42$1,156,587$425,547$290,332$1,007,653
43$1,225,164$397,004$250,663$1,050,431
44$1,299,181$365,507$208,110$1,096,593
45$1,379,142$330,861$162,526$1,146,490
46$1,465,603$292,862$113,760$1,200,504
47$1,559,176$251,294$61,653$1,259,062
48$1,660,533$205,928$6,038$1,322,635
49$1,770,410$156,521$0$1,391,742
50$1,889,621$102,820$0$1,478,903
51$2,019,058$44,554$0$1,575,029
52$2,159,704$0$0$1,679,510
53$2,312,638$0$0$1,794,799
54$2,479,051$0$0$1,924,542
55$2,660,248$0$0$2,065,839
56$2,857,671$0$0$2,219,815
57$3,072,902$0$0$2,387,709
58$3,307,685$0$0$2,570,885
59$3,563,937$0$0$2,770,844
60$3,843,773$0$0$2,989,236
61$4,149,515$0$0$3,227,881
62$4,483,723$0$0$3,488,781
63$4,849,217$0$0$3,774,140
64$5,249,097$0$0$4,086,385
65$5,686,781$0$0$4,428,188
66$6,166,030$0$0$4,802,493
67$6,690,987$0$0$5,212,539
68$7,266,215$0$0$5,661,896
69$7,896,738$0$0$6,154,494
70$8,588,089$0$0$6,694,663
71$9,346,363$0$0$7,287,169
72$10,178,273$0$0$7,937,266
73$11,091,213$0$0$8,650,736
74$12,093,328$0$0$9,433,953
75$13,193,589$0$0$10,293,934
76$14,401,879$0$0$11,238,411
77$15,729,085$0$0$12,275,901
78$17,187,200$0$0$13,415,788
79$18,789,436$0$0$14,668,406
80$20,550,347$0$0$16,045,145
81$22,485,970$0$0$17,558,548
82$24,613,970$0$0$19,222,438
83$26,953,811$0$0$21,052,041
84$29,526,936$0$0$23,064,135
85$32,356,970$0$0$25,277,203
86$35,469,944$0$0$27,711,611
87$38,894,537$0$0$30,389,796
88$42,662,348$0$0$33,336,482
89$46,808,194$0$0$36,578,908
90$51,370,436$0$0$40,147,087
91$56,391,342$0$0$44,074,091
92$61,917,487$0$0$48,396,356
93$68,000,186$0$0$53,154,035
94$74,695,985$0$0$58,391,366
95$82,067,189$0$0$64,157,096
96$90,182,449$0$0$70,504,940
97$99,117,416$0$0$77,494,085
98$108,955,444$0$0$85,189,748
99$119,788,385$0$0$93,663,793
100$131,717,449$0$0$102,995,409