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%18.1%
1 years$46,492$46,078$45,674$45,279$44,894$43,423
2 years$23,016$22,587$22,172$21,769$21,378$19,909
3 years$15,191$14,761$14,347$13,948$13,563$12,144
4 years$11,280$10,851$10,441$10,048$9,673$8,314
5 years$8,934$8,507$8,102$7,718$7,354$6,058
6 years$7,370$6,947$6,548$6,172$5,819$4,587
7 years$6,254$5,834$5,441$5,075$4,732$3,565
8 years$5,417$5,001$4,615$4,257$3,926$2,823
9 years$4,766$4,354$3,975$3,626$3,306$2,265
10 years$4,246$3,838$3,465$3,126$2,817$1,837
11 years$3,821$3,417$3,051$2,720$2,423$1,502
12 years$3,466$3,067$2,707$2,386$2,099$1,235
13 years$3,167$2,771$2,419$2,106$1,831$1,021
14 years$2,910$2,519$2,173$1,870$1,605$848
15 years$2,688$2,301$1,962$1,668$1,413$706
16 years$2,494$2,111$1,779$1,493$1,249$590
17 years$2,323$1,944$1,619$1,342$1,107$494
18 years$2,171$1,797$1,478$1,209$985$414
19 years$2,036$1,665$1,353$1,092$878$348
20 years$1,913$1,547$1,242$989$784$293
21 years$1,803$1,441$1,142$898$701$246
22 years$1,703$1,345$1,053$816$629$208
23 years$1,612$1,258$972$744$564$175
24 years$1,528$1,179$899$678$507$148
25 years$1,452$1,106$832$619$456$125
26 years$1,381$1,040$772$566$411$105
27 years$1,315$979$717$518$371$89
28 years$1,255$922$666$475$335$75
29 years$1,198$870$620$436$302$64
30 years$1,146$822$578$400$273$54
31 years$1,097$777$539$367$247$46
32 years$1,051$735$503$337$223$39
33 years$1,008$696$469$310$202$33
34 years$968$660$438$285$183$28
35 years$930$626$410$263$166$23
36 years$894$594$383$242$150$20
37 years$860$564$359$223$136$17
38 years$829$536$336$206$123$14
39 years$798$510$315$190$112$12
40 years$770$485$295$175$101$10
41 years$743$462$277$161$92$9
42 years$717$440$260$149$84$7
43 years$692$419$244$137$76$6
44 years$669$399$229$127$69$5
45 years$647$381$215$117$62$4
46 years$625$363$202$108$57$4
47 years$605$347$189$100$51$3
48 years$586$331$178$92$47$3
49 years$567$316$167$85$42$2
50 years$550$302$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 $563,000, adding $3,915 every year, while hoping to spend $28,811 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: 25/45/30 Blend
29$563,000$563,000$563,000$563,000
30$624,464$594,625$585,899$634,158
31$657,505$593,107$574,872$641,124
32$692,950$590,549$562,510$645,904
33$731,015$586,870$548,737$650,441
34$771,935$581,983$533,476$654,735
35$815,968$575,796$516,644$658,788
36$863,400$568,214$498,155$662,607
37$914,543$559,132$477,919$666,200
38$969,739$548,442$455,842$669,583
39$1,029,365$536,028$431,825$672,773
40$1,093,836$521,769$405,767$675,795
41$1,163,606$505,534$377,559$678,681
42$1,239,175$487,188$347,089$681,468
43$1,321,095$466,584$314,240$684,205
44$1,409,970$443,569$278,890$686,946
45$1,506,464$417,982$240,911$689,759
46$1,611,311$389,650$200,168$692,724
47$1,725,314$358,392$156,523$695,933
48$1,849,359$324,017$109,830$699,495
49$1,984,421$286,321$59,937$703,535
50$2,131,572$245,090$6,685$708,199
51$2,291,991$200,099$0$713,652
52$2,466,978$151,107$0$736,140
53$2,657,961$97,863$0$763,154
54$2,866,515$40,099$0$792,861
55$3,094,370$0$0$825,604
56$3,343,433$0$0$872,891
57$3,615,804$0$0$946,411
58$3,913,795$0$0$1,026,940
59$4,239,949$0$0$1,115,179
60$4,597,070$0$0$1,211,899
61$4,988,244$0$0$1,317,948
62$5,416,869$0$0$1,434,260
63$5,886,689$0$0$1,561,866
64$6,401,825$0$0$1,701,898
65$6,966,817$0$0$1,855,607
66$7,586,667$0$0$2,024,367
67$8,266,883$0$0$2,209,695
68$9,013,531$0$0$2,413,260
69$9,833,296$0$0$2,636,901
70$10,733,539$0$0$2,882,645
71$11,722,369$0$0$3,152,723
72$12,808,722$0$0$3,449,594
73$14,002,439$0$0$3,775,968
74$15,314,362$0$0$4,134,829
75$16,756,438$0$0$4,529,466
76$18,341,825$0$0$4,963,502
77$20,085,024$0$0$5,440,929
78$22,002,007$0$0$5,966,144
79$24,110,374$0$0$6,543,994
80$26,429,515$0$0$7,179,817
81$28,980,796$0$0$7,879,497
82$31,787,754$0$0$8,649,516
83$34,876,326$0$0$9,497,015
84$38,275,088$0$0$10,429,865
85$42,015,528$0$0$11,456,736
86$46,132,338$0$0$12,587,183
87$50,663,747$0$0$13,831,734
88$55,651,875$0$0$15,201,990
89$61,143,136$0$0$16,710,734
90$67,188,670$0$0$18,372,052
91$73,844,831$0$0$20,201,464
92$81,173,712$0$0$22,216,073
93$89,243,735$0$0$24,434,725
94$98,130,295$0$0$26,878,186
95$107,916,471$0$0$29,569,341
96$118,693,808$0$0$32,533,406
97$130,563,185$0$0$35,798,167
98$143,635,760$0$0$39,394,244
99$158,034,024$0$0$43,355,377
100$173,892,955$0$0$47,718,748