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%19.5%
1 years$46,409$45,996$45,593$45,199$44,815$43,105
2 years$22,975$22,547$22,132$21,730$21,340$19,638
3 years$15,164$14,735$14,321$13,923$13,539$11,897
4 years$11,260$10,832$10,422$10,031$9,656$8,088
5 years$8,918$8,492$8,088$7,704$7,341$5,850
6 years$7,357$6,934$6,536$6,161$5,808$4,396
7 years$6,243$5,824$5,432$5,066$4,724$3,389
8 years$5,407$4,992$4,607$4,249$3,919$2,661
9 years$4,758$4,346$3,968$3,620$3,300$2,118
10 years$4,238$3,831$3,459$3,120$2,812$1,702
11 years$3,814$3,411$3,045$2,715$2,418$1,379
12 years$3,460$3,061$2,703$2,382$2,096$1,124
13 years$3,161$2,766$2,415$2,103$1,827$920
14 years$2,905$2,515$2,170$1,867$1,602$757
15 years$2,684$2,297$1,959$1,665$1,410$624
16 years$2,490$2,108$1,776$1,491$1,247$516
17 years$2,319$1,941$1,616$1,339$1,105$427
18 years$2,167$1,794$1,475$1,207$983$355
19 years$2,032$1,662$1,350$1,091$876$295
20 years$1,910$1,545$1,239$988$782$245
21 years$1,800$1,439$1,140$896$700$204
22 years$1,700$1,343$1,051$815$628$170
23 years$1,609$1,256$970$742$563$142
24 years$1,526$1,177$897$677$506$119
25 years$1,449$1,104$831$618$456$99
26 years$1,378$1,038$771$565$410$83
27 years$1,313$977$716$517$370$69
28 years$1,253$921$665$474$334$58
29 years$1,196$868$619$435$302$48
30 years$1,144$820$577$399$272$40
31 years$1,095$775$538$366$246$34
32 years$1,049$734$502$337$223$28
33 years$1,006$695$468$310$202$24
34 years$966$658$438$285$183$20
35 years$928$625$409$262$165$17
36 years$893$593$383$242$150$14
37 years$859$563$358$223$136$12
38 years$827$535$335$205$123$10
39 years$797$509$314$189$112$8
40 years$768$484$295$174$101$7
41 years$741$461$276$161$92$6
42 years$716$439$259$149$83$5
43 years$691$418$243$137$76$4
44 years$668$399$228$127$69$3
45 years$646$380$214$117$62$3
46 years$624$363$201$108$57$2
47 years$604$346$189$100$51$2
48 years$585$330$178$92$47$2
49 years$566$315$167$85$42$1
50 years$549$301$157$79$39$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $562,000, adding $4,691 every year, while hoping to spend $28,703 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: 44/39/17 Blend
29$562,000$562,000$562,000$562,000
30$624,163$594,377$585,666$648,371
31$657,288$592,961$574,746$664,400
32$692,829$590,515$562,498$678,548
33$731,004$586,956$548,848$693,273
34$772,048$582,199$533,716$708,641
35$816,224$576,153$517,022$724,728
36$863,816$568,722$498,680$741,618
37$915,140$559,804$478,600$759,405
38$970,539$549,290$456,689$778,197
39$1,030,394$537,065$432,848$798,113
40$1,095,122$523,008$406,975$819,287
41$1,165,180$506,991$378,964$841,872
42$1,241,072$488,878$348,703$866,034
43$1,323,351$468,523$316,076$891,965
44$1,412,628$445,775$280,959$919,874
45$1,509,571$420,474$243,226$950,000
46$1,614,917$392,447$202,744$982,605
47$1,729,477$361,515$159,374$1,017,985
48$1,854,142$327,487$112,971$1,056,469
49$1,989,892$290,162$63,384$1,098,423
50$2,137,809$249,327$10,454$1,144,256
51$2,299,078$204,757$0$1,194,423
52$2,475,008$156,214$0$1,257,781
53$2,667,037$103,447$0$1,329,109
54$2,876,751$46,192$0$1,407,169
55$3,105,892$0$0$1,492,693
56$3,356,380$0$0$1,593,283
57$3,630,329$0$0$1,725,039
58$3,930,067$0$0$1,869,266
59$4,258,155$0$0$2,027,204
60$4,617,415$0$0$2,200,222
61$5,010,956$0$0$2,389,823
62$5,442,198$0$0$2,597,668
63$5,914,911$0$0$2,825,581
64$6,433,245$0$0$3,075,574
65$7,001,773$0$0$3,349,862
66$7,625,528$0$0$3,650,886
67$8,310,059$0$0$3,981,334
68$9,061,473$0$0$4,344,167
69$9,886,501$0$0$4,742,645
70$10,792,556$0$0$5,180,363
71$11,787,804$0$0$5,661,277
72$12,881,241$0$0$6,189,749
73$14,082,777$0$0$6,770,583
74$15,403,331$0$0$7,409,070
75$16,854,931$0$0$8,111,042
76$18,450,829$0$0$8,882,921
77$20,205,624$0$0$9,731,785
78$22,135,402$0$0$10,665,432
79$24,257,885$0$0$11,692,453
80$26,592,598$0$0$12,822,313
81$29,161,055$0$0$14,065,441
82$31,986,958$0$0$15,433,329
83$35,096,426$0$0$16,938,637
84$38,518,233$0$0$18,595,317
85$42,284,086$0$0$20,418,740
86$46,428,922$0$0$22,425,843
87$50,991,234$0$0$24,635,289
88$56,013,440$0$0$27,067,641
89$61,542,274$0$0$29,745,560
90$67,629,238$0$0$32,694,012
91$74,331,075$0$0$35,940,510
92$81,710,315$0$0$39,515,370
93$89,835,857$0$0$43,451,997
94$98,783,625$0$0$47,787,201
95$108,637,276$0$0$52,561,543
96$119,488,999$0$0$57,819,719
97$131,440,374$0$0$63,610,982
98$144,603,340$0$0$69,989,603
99$159,101,245$0$0$77,015,389
100$175,070,009$0$0$84,754,240