Can I retire at age 30 with 563,000?

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 $563,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$46,492$46,078$45,674$45,279$44,894$43,791
2 years$23,016$22,587$22,172$21,769$21,378$20,274
3 years$15,191$14,761$14,347$13,948$13,563$12,492
4 years$11,280$10,851$10,441$10,048$9,673$8,643
5 years$8,934$8,507$8,102$7,718$7,354$6,368
6 years$7,370$6,947$6,548$6,172$5,819$4,878
7 years$6,254$5,834$5,441$5,075$4,732$3,837
8 years$5,417$5,001$4,615$4,257$3,926$3,075
9 years$4,766$4,354$3,975$3,626$3,306$2,500
10 years$4,246$3,838$3,465$3,126$2,817$2,054
11 years$3,821$3,417$3,051$2,720$2,423$1,702
12 years$3,466$3,067$2,707$2,386$2,099$1,419
13 years$3,167$2,771$2,419$2,106$1,831$1,190
14 years$2,910$2,519$2,173$1,870$1,605$1,003
15 years$2,688$2,301$1,962$1,668$1,413$848
16 years$2,494$2,111$1,779$1,493$1,249$719
17 years$2,323$1,944$1,619$1,342$1,107$611
18 years$2,171$1,797$1,478$1,209$985$520
19 years$2,036$1,665$1,353$1,092$878$444
20 years$1,913$1,547$1,242$989$784$380
21 years$1,803$1,441$1,142$898$701$325
22 years$1,703$1,345$1,053$816$629$278
23 years$1,612$1,258$972$744$564$239
24 years$1,528$1,179$899$678$507$205
25 years$1,452$1,106$832$619$456$176
26 years$1,381$1,040$772$566$411$151
27 years$1,315$979$717$518$371$130
28 years$1,255$922$666$475$335$112
29 years$1,198$870$620$436$302$96
30 years$1,146$822$578$400$273$83
31 years$1,097$777$539$367$247$71
32 years$1,051$735$503$337$223$61
33 years$1,008$696$469$310$202$53
34 years$968$660$438$285$183$45
35 years$930$626$410$263$166$39
36 years$894$594$383$242$150$34
37 years$860$564$359$223$136$29
38 years$829$536$336$206$123$25
39 years$798$510$315$190$112$22
40 years$770$485$295$175$101$19
41 years$743$462$277$161$92$16
42 years$717$440$260$149$84$14
43 years$692$419$244$137$76$12
44 years$669$399$229$127$69$10
45 years$647$381$215$117$62$9
46 years$625$363$202$108$57$8
47 years$605$347$189$100$51$7
48 years$586$331$178$92$47$6
49 years$567$316$167$85$42$5
50 years$550$302$157$79$39$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $563,000, adding $3,382 every year, while hoping to spend $20,988 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: 48/27/25 Blend
29$563,000$563,000$563,000$563,000
30$623,915$594,076$585,349$649,279
31$665,223$600,854$582,627$674,168
32$710,041$607,262$579,111$698,831
33$758,705$613,257$574,751$725,195
34$811,584$618,798$569,496$753,431
35$869,086$623,839$563,294$783,726
36$931,655$628,330$556,087$816,290
37$999,786$632,220$547,818$851,351
38$1,074,018$635,453$538,424$889,165
39$1,154,949$637,971$527,842$930,015
40$1,243,232$639,710$516,004$974,211
41$1,339,591$640,605$502,839$1,022,098
42$1,444,819$640,584$488,274$1,074,058
43$1,559,791$639,573$472,231$1,130,512
44$1,685,470$637,492$454,631$1,191,926
45$1,822,914$634,256$435,388$1,258,815
46$1,973,293$629,776$414,414$1,331,748
47$2,137,890$623,956$391,618$1,411,354
48$2,318,120$616,696$366,903$1,498,328
49$2,515,542$607,888$340,168$1,593,438
50$2,731,872$597,419$311,308$1,697,533
51$2,969,000$585,169$280,214$1,811,550
52$3,229,006$571,010$246,769$1,936,524
53$3,514,184$554,809$210,855$2,073,599
54$3,827,058$536,422$172,347$2,224,038
55$4,170,410$515,699$131,112$2,389,235
56$4,547,303$492,480$87,016$2,570,731
57$4,961,112$466,595$39,915$2,770,226
58$5,415,554$437,867$0$2,989,598
59$5,914,724$406,106$0$3,233,679
60$6,463,133$371,112$0$3,513,539
61$7,065,750$332,674$0$3,821,088
62$7,728,051$290,569$0$4,159,159
63$8,456,066$244,562$0$4,530,873
64$9,256,442$194,402$0$4,939,677
65$10,136,498$139,827$0$5,389,367
66$11,104,301$80,558$0$5,884,130
67$12,168,737$16,303$0$6,428,584
68$13,339,597$0$0$7,027,819
69$14,627,669$0$0$7,703,270
70$16,044,838$0$0$8,451,819
71$17,604,201$0$0$9,275,548
72$19,320,186$0$0$10,182,090
73$21,208,693$0$0$11,179,853
74$23,287,240$0$0$12,278,103
75$25,575,130$0$0$13,487,048
76$28,093,631$0$0$14,817,937
77$30,866,179$0$0$16,283,166
78$33,918,597$0$0$17,896,393
79$37,279,340$0$0$19,672,668
80$40,979,762$0$0$21,628,575
81$45,054,411$0$0$23,782,387
82$49,541,358$0$0$26,154,241
83$54,482,553$0$0$28,766,324
84$59,924,221$0$0$31,643,086
85$65,917,300$0$0$34,811,471
86$72,517,918$0$0$38,301,165
87$79,787,926$0$0$42,144,884
88$87,795,479$0$0$46,378,678
89$96,615,683$0$0$51,042,272
90$106,331,297$0$0$56,179,441
91$117,033,520$0$0$61,838,423
92$128,822,846$0$0$68,072,375
93$141,810,020$0$0$74,939,873
94$156,117,072$0$0$82,505,465
95$171,878,481$0$0$90,840,282
96$189,242,434$0$0$100,022,707
97$208,372,229$0$0$110,139,116
98$229,447,815$0$0$121,284,692
99$252,667,493$0$0$133,564,326
100$278,249,781$0$0$147,093,603