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%18.2%
1 years$46,409$45,996$45,593$45,199$44,815$43,328
2 years$22,975$22,547$22,132$21,730$21,340$19,857
3 years$15,164$14,735$14,321$13,923$13,539$12,106
4 years$11,260$10,832$10,422$10,031$9,656$8,284
5 years$8,918$8,492$8,088$7,704$7,341$6,032
6 years$7,357$6,934$6,536$6,161$5,808$4,566
7 years$6,243$5,824$5,432$5,066$4,724$3,547
8 years$5,407$4,992$4,607$4,249$3,919$2,806
9 years$4,758$4,346$3,968$3,620$3,300$2,251
10 years$4,238$3,831$3,459$3,120$2,812$1,824
11 years$3,814$3,411$3,045$2,715$2,418$1,490
12 years$3,460$3,061$2,703$2,382$2,096$1,225
13 years$3,161$2,766$2,415$2,103$1,827$1,012
14 years$2,905$2,515$2,170$1,867$1,602$840
15 years$2,684$2,297$1,959$1,665$1,410$699
16 years$2,490$2,108$1,776$1,491$1,247$583
17 years$2,319$1,941$1,616$1,339$1,105$488
18 years$2,167$1,794$1,475$1,207$983$409
19 years$2,032$1,662$1,350$1,091$876$343
20 years$1,910$1,545$1,239$988$782$288
21 years$1,800$1,439$1,140$896$700$243
22 years$1,700$1,343$1,051$815$628$204
23 years$1,609$1,256$970$742$563$172
24 years$1,526$1,177$897$677$506$145
25 years$1,449$1,104$831$618$456$122
26 years$1,378$1,038$771$565$410$103
27 years$1,313$977$716$517$370$87
28 years$1,253$921$665$474$334$74
29 years$1,196$868$619$435$302$62
30 years$1,144$820$577$399$272$53
31 years$1,095$775$538$366$246$44
32 years$1,049$734$502$337$223$38
33 years$1,006$695$468$310$202$32
34 years$966$658$438$285$183$27
35 years$928$625$409$262$165$23
36 years$893$593$383$242$150$19
37 years$859$563$358$223$136$16
38 years$827$535$335$205$123$14
39 years$797$509$314$189$112$12
40 years$768$484$295$174$101$10
41 years$741$461$276$161$92$8
42 years$716$439$259$149$83$7
43 years$691$418$243$137$76$6
44 years$668$399$228$127$69$5
45 years$646$380$214$117$62$4
46 years$624$363$201$108$57$4
47 years$604$346$189$100$51$3
48 years$585$330$178$92$47$3
49 years$566$315$167$85$42$2
50 years$549$301$157$79$39$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $562,000, adding $5,813 every year, while hoping to spend $22,918 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: 38/44/18 Blend
29$562,000$562,000$562,000$562,000
30$625,320$595,534$586,823$645,503
31$664,718$600,331$582,097$665,351
32$707,367$604,594$576,445$684,178
33$753,573$608,274$569,811$704,045
34$803,675$611,318$562,137$725,057
35$858,045$613,667$553,363$747,333
36$917,091$615,262$543,426$771,004
37$981,262$616,038$532,259$796,217
38$1,051,054$615,926$519,793$823,134
39$1,127,010$614,856$505,954$851,936
40$1,209,729$612,748$490,668$882,824
41$1,299,870$609,521$473,854$916,022
42$1,398,159$605,089$455,430$951,777
43$1,505,392$599,359$435,308$990,366
44$1,622,448$592,234$413,397$1,032,094
45$1,750,295$583,611$389,603$1,077,300
46$1,889,996$573,379$363,826$1,126,362
47$2,042,724$561,423$335,962$1,179,698
48$2,209,768$547,619$305,903$1,237,770
49$2,392,550$531,837$273,536$1,301,092
50$2,592,633$513,940$238,742$1,370,235
51$2,811,739$493,781$201,398$1,445,828
52$3,051,766$471,206$161,375$1,528,572
53$3,314,803$446,052$118,537$1,619,239
54$3,603,150$418,146$72,745$1,718,689
55$3,919,341$387,304$23,852$1,827,870
56$4,266,166$353,334$0$1,947,834
57$4,646,699$316,032$0$2,085,183
58$5,064,327$275,182$0$2,241,008
59$5,522,778$230,556$0$2,412,179
60$6,026,160$181,912$0$2,600,304
61$6,579,000$128,997$0$2,807,162
62$7,186,281$71,541$0$3,034,715
63$7,853,496$9,261$0$3,285,131
64$8,586,695$0$0$3,560,807
65$9,392,542$0$0$3,892,537
66$10,278,381$0$0$4,262,209
67$11,252,302$0$0$4,668,726
68$12,323,216$0$0$5,115,819
69$13,500,944$0$0$5,607,598
70$14,796,304$0$0$6,148,592
71$16,221,216$0$0$6,743,791
72$17,788,813$0$0$7,398,695
73$19,513,566$0$0$8,119,360
74$21,411,417$0$0$8,912,462
75$23,499,935$0$0$9,785,355
76$25,798,475$0$0$10,746,144
77$28,328,365$0$0$11,803,758
78$31,113,105$0$0$12,968,037
79$34,178,588$0$0$14,249,821
80$37,553,347$0$0$15,661,056
81$41,268,820$0$0$17,214,907
82$45,359,650$0$0$18,925,878
83$49,864,010$0$0$20,809,953
84$54,823,961$0$0$22,884,742
85$60,285,852$0$0$25,169,653
86$66,300,756$0$0$27,686,071
87$72,924,951$0$0$30,457,562
88$80,220,453$0$0$33,510,090
89$88,255,595$0$0$36,872,271
90$97,105,681$0$0$40,575,636
91$106,853,689$0$0$44,654,928
92$117,591,054$0$0$49,148,437
93$129,418,537$0$0$54,098,353
94$142,447,169$0$0$59,551,169
95$156,799,302$0$0$65,558,118
96$172,609,762$0$0$72,175,657
97$190,027,121$0$0$79,465,998
98$209,215,104$0$0$87,497,700
99$230,354,124$0$0$96,346,310
100$253,642,996$0$0$106,095,080