Can I retire at age 30 with 562,000?

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 $562,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$46,409$45,996$45,593$45,199$44,815$44,570
2 years$22,975$22,547$22,132$21,730$21,340$21,093
3 years$15,164$14,735$14,321$13,923$13,539$13,297
4 years$11,260$10,832$10,422$10,031$9,656$9,422
5 years$8,918$8,492$8,088$7,704$7,341$7,114
6 years$7,357$6,934$6,536$6,161$5,808$5,590
7 years$6,243$5,824$5,432$5,066$4,724$4,514
8 years$5,407$4,992$4,607$4,249$3,919$3,717
9 years$4,758$4,346$3,968$3,620$3,300$3,107
10 years$4,238$3,831$3,459$3,120$2,812$2,627
11 years$3,814$3,411$3,045$2,715$2,418$2,242
12 years$3,460$3,061$2,703$2,382$2,096$1,927
13 years$3,161$2,766$2,415$2,103$1,827$1,667
14 years$2,905$2,515$2,170$1,867$1,602$1,449
15 years$2,684$2,297$1,959$1,665$1,410$1,265
16 years$2,490$2,108$1,776$1,491$1,247$1,108
17 years$2,319$1,941$1,616$1,339$1,105$974
18 years$2,167$1,794$1,475$1,207$983$858
19 years$2,032$1,662$1,350$1,091$876$758
20 years$1,910$1,545$1,239$988$782$671
21 years$1,800$1,439$1,140$896$700$595
22 years$1,700$1,343$1,051$815$628$528
23 years$1,609$1,256$970$742$563$469
24 years$1,526$1,177$897$677$506$418
25 years$1,449$1,104$831$618$456$372
26 years$1,378$1,038$771$565$410$332
27 years$1,313$977$716$517$370$296
28 years$1,253$921$665$474$334$265
29 years$1,196$868$619$435$302$236
30 years$1,144$820$577$399$272$211
31 years$1,095$775$538$366$246$189
32 years$1,049$734$502$337$223$169
33 years$1,006$695$468$310$202$152
34 years$966$658$438$285$183$136
35 years$928$625$409$262$165$122
36 years$893$593$383$242$150$109
37 years$859$563$358$223$136$98
38 years$827$535$335$205$123$88
39 years$797$509$314$189$112$79
40 years$768$484$295$174$101$71
41 years$741$461$276$161$92$63
42 years$716$439$259$149$83$57
43 years$691$418$243$137$76$51
44 years$668$399$228$127$69$46
45 years$646$380$214$117$62$41
46 years$624$363$201$108$57$37
47 years$604$346$189$100$51$33
48 years$585$330$178$92$47$30
49 years$566$315$167$85$42$27
50 years$549$301$157$79$39$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $562,000, adding $5,220 every year, while hoping to spend $20,798 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: 45/32/23 Blend
29$562,000$562,000$562,000$562,000
30$624,708$594,922$586,211$648,469
31$666,300$601,945$583,721$672,765
32$711,436$608,614$580,449$696,658
33$760,458$614,891$576,349$722,150
34$813,738$620,734$571,370$749,401
35$871,688$626,098$565,460$778,587
36$934,759$630,936$558,562$809,903
37$1,003,449$635,198$550,619$843,565
38$1,078,307$638,828$541,570$879,813
39$1,159,934$641,770$531,352$918,910
40$1,248,993$643,963$519,899$961,150
41$1,346,215$645,342$507,140$1,006,857
42$1,452,403$645,837$493,003$1,056,387
43$1,568,442$645,377$477,412$1,110,138
44$1,695,305$643,883$460,288$1,168,548
45$1,834,065$641,272$441,547$1,232,100
46$1,985,903$637,458$421,102$1,301,330
47$2,152,118$632,346$398,862$1,376,831
48$2,334,143$625,839$374,732$1,459,256
49$2,533,552$617,832$348,612$1,549,329
50$2,752,083$608,215$320,400$1,647,848
51$2,991,648$596,870$289,985$1,755,698
52$3,254,353$583,673$257,256$1,873,853
53$3,542,516$568,492$222,093$2,003,391
54$3,858,693$551,188$184,374$2,145,504
55$4,205,697$531,614$143,968$2,301,507
56$4,586,628$509,614$100,741$2,472,852
57$5,004,901$485,022$54,553$2,661,144
58$5,464,277$457,663$5,256$2,868,155
59$5,968,898$427,354$0$3,095,840
60$6,523,329$393,898$0$3,357,981
61$7,132,599$357,089$0$3,647,474
62$7,802,248$316,710$0$3,965,700
63$8,538,377$272,528$0$4,315,609
64$9,347,710$224,301$0$4,700,452
65$10,237,656$171,772$0$5,123,816
66$11,216,376$114,667$0$5,589,657
67$12,292,861$52,700$0$6,102,337
68$13,477,018$0$0$6,666,668
69$14,779,764$0$0$7,293,035
70$16,213,125$0$0$8,002,697
71$17,790,351$0$0$8,783,666
72$19,526,045$0$0$9,643,181
73$21,436,293$0$0$10,589,220
74$23,538,823$0$0$11,630,572
75$25,853,165$0$0$12,776,921
76$28,400,842$0$0$14,038,938
77$31,205,567$0$0$15,428,383
78$34,293,472$0$0$16,958,211
79$37,693,348$0$0$18,642,700
80$41,436,922$0$0$20,497,582
81$45,559,156$0$0$22,540,191
82$50,098,570$0$0$24,789,630
83$55,097,615$0$0$27,266,947
84$60,603,065$0$0$29,995,337
85$66,666,464$0$0$33,000,359
86$73,344,610$0$0$36,310,176
87$80,700,089$0$0$39,955,823
88$88,801,867$0$0$43,971,499
89$97,725,944$0$0$48,394,891
90$107,556,065$0$0$53,267,524
91$118,384,513$0$0$58,635,162
92$130,312,982$0$0$64,548,230
93$143,453,532$0$0$71,062,299
94$157,929,649$0$0$78,238,602
95$173,877,412$0$0$86,144,618
96$191,446,774$0$0$94,854,707
97$210,802,977$0$0$104,450,810
98$232,128,115$0$0$115,023,224
99$255,622,848$0$0$126,671,456
100$281,508,301$0$0$139,505,157