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%18.2%
1 years$46,492$46,078$45,674$45,279$44,894$43,405
2 years$23,016$22,587$22,172$21,769$21,378$19,892
3 years$15,191$14,761$14,347$13,948$13,563$12,127
4 years$11,280$10,851$10,441$10,048$9,673$8,298
5 years$8,934$8,507$8,102$7,718$7,354$6,043
6 years$7,370$6,947$6,548$6,172$5,819$4,574
7 years$6,254$5,834$5,441$5,075$4,732$3,553
8 years$5,417$5,001$4,615$4,257$3,926$2,811
9 years$4,766$4,354$3,975$3,626$3,306$2,255
10 years$4,246$3,838$3,465$3,126$2,817$1,827
11 years$3,821$3,417$3,051$2,720$2,423$1,493
12 years$3,466$3,067$2,707$2,386$2,099$1,227
13 years$3,167$2,771$2,419$2,106$1,831$1,014
14 years$2,910$2,519$2,173$1,870$1,605$841
15 years$2,688$2,301$1,962$1,668$1,413$700
16 years$2,494$2,111$1,779$1,493$1,249$584
17 years$2,323$1,944$1,619$1,342$1,107$489
18 years$2,171$1,797$1,478$1,209$985$410
19 years$2,036$1,665$1,353$1,092$878$344
20 years$1,913$1,547$1,242$989$784$289
21 years$1,803$1,441$1,142$898$701$243
22 years$1,703$1,345$1,053$816$629$205
23 years$1,612$1,258$972$744$564$173
24 years$1,528$1,179$899$678$507$145
25 years$1,452$1,106$832$619$456$123
26 years$1,381$1,040$772$566$411$104
27 years$1,315$979$717$518$371$87
28 years$1,255$922$666$475$335$74
29 years$1,198$870$620$436$302$62
30 years$1,146$822$578$400$273$53
31 years$1,097$777$539$367$247$45
32 years$1,051$735$503$337$223$38
33 years$1,008$696$469$310$202$32
34 years$968$660$438$285$183$27
35 years$930$626$410$263$166$23
36 years$894$594$383$242$150$19
37 years$860$564$359$223$136$16
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$8
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 $5,096 every year, while hoping to spend $26,096 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: 41/36/23 Blend
29$563,000$563,000$563,000$563,000
30$625,683$595,844$587,117$646,918
31$661,736$597,274$579,020$664,041
32$700,593$597,900$569,776$679,695
33$742,510$597,654$559,321$696,117
34$787,773$596,466$547,585$713,391
35$836,693$594,259$534,496$731,614
36$889,612$590,955$519,978$750,892
37$946,908$586,467$503,952$771,343
38$1,008,994$580,705$486,336$793,103
39$1,076,327$573,575$467,044$816,319
40$1,149,406$564,974$445,984$841,159
41$1,228,783$554,796$423,062$867,809
42$1,315,064$542,926$398,180$896,476
43$1,408,916$529,245$371,234$927,390
44$1,511,071$513,624$342,116$960,811
45$1,622,338$495,928$310,714$997,024
46$1,743,603$476,016$276,910$1,036,350
47$1,875,845$453,735$240,581$1,079,143
48$2,020,139$428,925$201,598$1,125,799
49$2,177,669$401,418$159,827$1,176,757
50$2,349,738$371,035$115,129$1,232,505
51$2,537,782$337,586$67,356$1,293,585
52$2,743,380$300,872$16,357$1,360,600
53$2,968,271$260,682$0$1,434,218
54$3,214,371$216,792$0$1,524,523
55$3,483,789$168,966$0$1,627,886
56$3,778,845$116,955$0$1,741,243
57$4,102,099$60,497$0$1,865,651
58$4,456,365$0$0$2,002,276
59$4,844,746$0$0$2,152,681
60$5,270,657$0$0$2,343,974
61$5,737,862$0$0$2,553,887
62$6,250,503$0$0$2,784,293
63$6,813,147$0$0$3,037,253
64$7,430,820$0$0$3,315,037
65$8,109,062$0$0$3,620,146
66$8,853,974$0$0$3,955,336
67$9,672,278$0$0$4,323,642
68$10,571,377$0$0$4,728,409
69$11,559,430$0$0$5,173,320
70$12,645,421$0$0$5,662,435
71$13,839,251$0$0$6,200,224
72$15,151,829$0$0$6,791,615
73$16,595,169$0$0$7,442,035
74$18,182,513$0$0$8,157,465
75$19,928,447$0$0$8,944,494
76$21,849,043$0$0$9,810,381
77$23,962,009$0$0$10,763,125
78$26,286,854$0$0$11,811,540
79$28,845,076$0$0$12,965,336
80$31,660,361$0$0$14,235,213
81$34,758,808$0$0$15,632,962
82$38,169,172$0$0$17,171,572
83$41,923,140$0$0$18,865,358
84$46,055,625$0$0$20,730,093
85$50,605,098$0$0$22,783,155
86$55,613,949$0$0$25,043,694
87$61,128,887$0$0$27,532,814
88$67,201,382$0$0$30,273,766
89$73,888,147$0$0$33,292,172
90$81,251,678$0$0$36,616,265
91$89,360,838$0$0$40,277,157
92$98,291,509$0$0$44,309,130
93$108,127,308$0$0$48,749,962
94$118,960,375$0$0$53,641,278
95$130,892,244$0$0$59,028,952
96$144,034,798$0$0$64,963,531
97$158,511,326$0$0$71,500,717
98$174,457,686$0$0$78,701,889
99$192,023,589$0$0$86,634,685
100$211,374,008$0$0$95,373,640