Can I retire at age 30 with 563,000?

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 $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%15.2%
1 years$46,492$46,078$45,674$45,279$44,894$43,934
2 years$23,016$22,587$22,172$21,769$21,378$20,415
3 years$15,191$14,761$14,347$13,948$13,563$12,628
4 years$11,280$10,851$10,441$10,048$9,673$8,773
5 years$8,934$8,507$8,102$7,718$7,354$6,490
6 years$7,370$6,947$6,548$6,172$5,819$4,994
7 years$6,254$5,834$5,441$5,075$4,732$3,945
8 years$5,417$5,001$4,615$4,257$3,926$3,177
9 years$4,766$4,354$3,975$3,626$3,306$2,595
10 years$4,246$3,838$3,465$3,126$2,817$2,143
11 years$3,821$3,417$3,051$2,720$2,423$1,785
12 years$3,466$3,067$2,707$2,386$2,099$1,496
13 years$3,167$2,771$2,419$2,106$1,831$1,262
14 years$2,910$2,519$2,173$1,870$1,605$1,068
15 years$2,688$2,301$1,962$1,668$1,413$908
16 years$2,494$2,111$1,779$1,493$1,249$775
17 years$2,323$1,944$1,619$1,342$1,107$662
18 years$2,171$1,797$1,478$1,209$985$567
19 years$2,036$1,665$1,353$1,092$878$487
20 years$1,913$1,547$1,242$989$784$419
21 years$1,803$1,441$1,142$898$701$361
22 years$1,703$1,345$1,053$816$629$311
23 years$1,612$1,258$972$744$564$268
24 years$1,528$1,179$899$678$507$232
25 years$1,452$1,106$832$619$456$200
26 years$1,381$1,040$772$566$411$173
27 years$1,315$979$717$518$371$150
28 years$1,255$922$666$475$335$130
29 years$1,198$870$620$436$302$112
30 years$1,146$822$578$400$273$97
31 years$1,097$777$539$367$247$84
32 years$1,051$735$503$337$223$73
33 years$1,008$696$469$310$202$63
34 years$968$660$438$285$183$55
35 years$930$626$410$263$166$48
36 years$894$594$383$242$150$41
37 years$860$564$359$223$136$36
38 years$829$536$336$206$123$31
39 years$798$510$315$190$112$27
40 years$770$485$295$175$101$23
41 years$743$462$277$161$92$20
42 years$717$440$260$149$84$18
43 years$692$419$244$137$76$15
44 years$669$399$229$127$69$13
45 years$647$381$215$117$62$11
46 years$625$363$202$108$57$10
47 years$605$347$189$100$51$9
48 years$586$331$178$92$47$8
49 years$567$316$167$85$42$7
50 years$550$302$157$79$39$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $563,000, adding $4,243 every year, while hoping to spend $34,792 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: 48/47/5 Blend
29$563,000$563,000$563,000$563,000
30$624,803$594,964$586,237$653,802
31$651,514$587,098$568,858$666,205
32$679,784$577,682$549,730$675,613
33$709,735$566,601$528,759$684,998
34$741,500$553,736$505,844$694,365
35$775,225$538,962$480,882$703,724
36$811,070$522,143$453,764$713,088
37$849,209$503,138$424,375$722,474
38$889,835$481,798$392,598$731,903
39$933,155$457,963$358,307$741,401
40$979,399$431,466$321,372$751,000
41$1,028,819$402,129$281,660$760,739
42$1,081,689$369,764$239,026$770,663
43$1,138,313$334,173$193,324$780,826
44$1,199,019$295,147$144,400$791,292
45$1,264,173$252,463$92,091$802,137
46$1,334,173$205,887$36,230$813,447
47$1,409,455$155,173$0$825,322
48$1,490,501$100,058$0$839,126
49$1,577,838$40,266$0$855,889
50$1,672,046$0$0$873,837
51$1,773,761$0$0$905,825
52$1,883,682$0$0$962,948
53$2,002,579$0$0$1,024,786
54$2,131,296$0$0$1,091,785
55$2,270,763$0$0$1,164,437
56$2,422,001$0$0$1,243,279
57$2,586,133$0$0$1,328,906
58$2,764,395$0$0$1,421,969
59$2,958,145$0$0$1,523,186
60$3,168,879$0$0$1,633,347
61$3,398,242$0$0$1,753,321
62$3,648,043$0$0$1,884,063
63$3,920,273$0$0$2,026,625
64$4,217,126$0$0$2,182,166
65$4,541,012$0$0$2,351,961
66$4,894,588$0$0$2,537,411
67$5,280,775$0$0$2,740,063
68$5,702,793$0$0$2,961,616
69$6,164,182$0$0$3,203,942
70$6,668,844$0$0$3,469,103
71$7,221,073$0$0$3,759,369
72$7,825,597$0$0$4,077,239
73$8,487,624$0$0$4,425,466
74$9,212,888$0$0$4,807,081
75$10,007,704$0$0$5,225,422
76$10,879,027$0$0$5,684,167
77$11,834,517$0$0$6,187,366
78$12,882,611$0$0$6,739,478
79$14,032,600$0$0$7,345,416
80$15,294,722$0$0$8,010,594
81$16,680,249$0$0$8,740,972
82$18,201,603$0$0$9,543,118
83$19,872,464$0$0$10,424,265
84$21,707,903$0$0$11,392,384
85$23,724,524$0$0$12,456,253
86$25,940,615$0$0$13,625,545
87$28,376,327$0$0$14,910,915
88$31,053,861$0$0$16,324,104
89$33,997,671$0$0$17,878,044
90$37,234,704$0$0$19,586,987
91$40,794,647$0$0$21,466,630
92$44,710,207$0$0$23,534,274
93$49,017,421$0$0$25,808,975
94$53,755,994$0$0$28,311,733
95$58,969,674$0$0$31,065,686
96$64,706,662$0$0$34,096,325
97$71,020,068$0$0$37,431,741
98$77,968,411$0$0$41,102,883
99$85,616,171$0$0$45,143,854
100$94,034,394$0$0$49,592,232