Can I retire at age 30 with 562,000?

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 $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%13.5%
1 years$46,409$45,996$45,593$45,199$44,815$44,163
2 years$22,975$22,547$22,132$21,730$21,340$20,685
3 years$15,164$14,735$14,321$13,923$13,539$12,901
4 years$11,260$10,832$10,422$10,031$9,656$9,040
5 years$8,918$8,492$8,088$7,704$7,341$6,748
6 years$7,357$6,934$6,536$6,161$5,808$5,240
7 years$6,243$5,824$5,432$5,066$4,724$4,180
8 years$5,407$4,992$4,607$4,249$3,919$3,399
9 years$4,758$4,346$3,968$3,620$3,300$2,805
10 years$4,238$3,831$3,459$3,120$2,812$2,340
11 years$3,814$3,411$3,045$2,715$2,418$1,970
12 years$3,460$3,061$2,703$2,382$2,096$1,670
13 years$3,161$2,766$2,415$2,103$1,827$1,424
14 years$2,905$2,515$2,170$1,867$1,602$1,220
15 years$2,684$2,297$1,959$1,665$1,410$1,049
16 years$2,490$2,108$1,776$1,491$1,247$905
17 years$2,319$1,941$1,616$1,339$1,105$784
18 years$2,167$1,794$1,475$1,207$983$680
19 years$2,032$1,662$1,350$1,091$876$591
20 years$1,910$1,545$1,239$988$782$515
21 years$1,800$1,439$1,140$896$700$449
22 years$1,700$1,343$1,051$815$628$392
23 years$1,609$1,256$970$742$563$343
24 years$1,526$1,177$897$677$506$300
25 years$1,449$1,104$831$618$456$263
26 years$1,378$1,038$771$565$410$230
27 years$1,313$977$716$517$370$202
28 years$1,253$921$665$474$334$177
29 years$1,196$868$619$435$302$155
30 years$1,144$820$577$399$272$137
31 years$1,095$775$538$366$246$120
32 years$1,049$734$502$337$223$105
33 years$1,006$695$468$310$202$93
34 years$966$658$438$285$183$82
35 years$928$625$409$262$165$72
36 years$893$593$383$242$150$63
37 years$859$563$358$223$136$56
38 years$827$535$335$205$123$49
39 years$797$509$314$189$112$43
40 years$768$484$295$174$101$38
41 years$741$461$276$161$92$33
42 years$716$439$259$149$83$29
43 years$691$418$243$137$76$26
44 years$668$399$228$127$69$23
45 years$646$380$214$117$62$20
46 years$624$363$201$108$57$18
47 years$604$346$189$100$51$16
48 years$585$330$178$92$47$14
49 years$566$315$167$85$42$12
50 years$549$301$157$79$39$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $562,000, adding $4,022 every year, while hoping to spend $27,463 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: 66/20/14 Blend
29$562,000$562,000$562,000$562,000
30$623,473$593,687$584,976$662,320
31$657,846$593,557$575,352$688,631
32$694,806$592,500$564,485$713,794
33$734,586$590,443$552,305$740,610
34$777,444$587,305$538,738$769,241
35$823,663$583,003$523,706$799,862
36$873,555$577,448$507,128$832,671
37$927,461$570,546$488,920$867,883
38$985,757$562,198$468,994$905,739
39$1,048,855$552,296$447,256$946,502
40$1,117,210$540,730$423,610$990,466
41$1,191,320$527,380$397,956$1,037,955
42$1,271,734$512,122$370,187$1,089,325
43$1,359,055$494,820$340,193$1,144,972
44$1,453,948$475,336$307,859$1,205,333
45$1,557,143$453,519$273,064$1,270,889
46$1,669,442$429,212$235,682$1,342,175
47$1,791,730$402,249$195,583$1,419,778
48$1,924,980$372,452$152,628$1,504,351
49$2,070,262$339,637$106,675$1,596,611
50$2,228,754$303,604$57,574$1,697,353
51$2,401,753$264,147$5,169$1,807,454
52$2,590,686$221,044$0$1,927,882
53$2,797,125$174,065$0$2,067,289
54$3,022,800$122,962$0$2,220,591
55$3,269,616$67,477$0$2,388,346
56$3,539,669$7,335$0$2,572,021
57$3,835,268$0$0$2,773,236
58$4,158,958$0$0$3,006,485
59$4,513,537$0$0$3,263,797
60$4,902,089$0$0$3,545,801
61$5,328,012$0$0$3,854,966
62$5,795,044$0$0$4,194,012
63$6,307,307$0$0$4,565,935
64$6,869,337$0$0$4,974,033
65$7,486,133$0$0$5,421,943
66$8,163,200$0$0$5,913,667
67$8,906,603$0$0$6,453,615
68$9,723,021$0$0$7,046,646
69$10,619,814$0$0$7,698,111
70$11,605,089$0$0$8,413,906
71$12,687,777$0$0$9,200,525
72$13,877,717$0$0$10,065,124
73$15,185,747$0$0$11,015,586
74$16,623,811$0$0$12,060,595
75$18,205,064$0$0$13,209,719
76$19,944,003$0$0$14,473,502
77$21,856,596$0$0$15,863,556
78$23,960,441$0$0$17,392,679
79$26,274,924$0$0$19,074,971
80$28,821,406$0$0$20,925,965
81$31,623,421$0$0$22,962,780
82$34,706,903$0$0$25,204,274
83$38,100,423$0$0$27,671,229
84$41,835,464$0$0$30,386,540
85$45,946,717$0$0$33,375,438
86$50,472,406$0$0$36,665,722
87$55,454,646$0$0$40,288,023
88$60,939,848$0$0$44,276,095
89$66,979,149$0$0$48,667,129
90$73,628,896$0$0$53,502,107
91$80,951,181$0$0$58,826,187
92$89,014,421$0$0$64,689,129
93$97,894,008$0$0$71,145,765
94$107,673,016$0$0$78,256,516
95$118,442,988$0$0$86,087,962
96$130,304,798$0$0$94,713,467
97$143,369,602$0$0$104,213,876
98$157,759,889$0$0$114,678,275
99$173,610,632$0$0$126,204,833
100$191,070,567$0$0$138,901,725