Can I retire at age 30 with 564,000?

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 $564,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$46,575$46,160$45,755$45,360$44,974$44,211
2 years$23,057$22,627$22,211$21,808$21,416$20,650
3 years$15,218$14,787$14,372$13,972$13,587$12,841
4 years$11,300$10,870$10,459$10,066$9,691$8,971
5 years$8,950$8,522$8,117$7,732$7,367$6,675
6 years$7,383$6,959$6,560$6,183$5,829$5,167
7 years$6,265$5,844$5,451$5,084$4,741$4,107
8 years$5,426$5,010$4,623$4,265$3,933$3,329
9 years$4,775$4,362$3,982$3,632$3,312$2,737
10 years$4,253$3,845$3,471$3,131$2,822$2,275
11 years$3,827$3,423$3,056$2,725$2,427$1,908
12 years$3,473$3,072$2,712$2,390$2,103$1,611
13 years$3,173$2,776$2,423$2,110$1,834$1,368
14 years$2,916$2,524$2,177$1,873$1,608$1,168
15 years$2,693$2,305$1,966$1,671$1,416$1,000
16 years$2,499$2,115$1,782$1,496$1,251$860
17 years$2,327$1,948$1,622$1,344$1,109$741
18 years$2,175$1,800$1,480$1,211$986$640
19 years$2,039$1,668$1,355$1,094$879$554
20 years$1,917$1,550$1,244$991$785$480
21 years$1,806$1,444$1,144$900$703$417
22 years$1,706$1,348$1,054$818$630$362
23 years$1,615$1,261$974$745$565$315
24 years$1,531$1,181$900$679$508$275
25 years$1,454$1,108$834$620$457$239
26 years$1,383$1,042$773$567$412$209
27 years$1,318$980$718$519$371$182
28 years$1,257$924$668$476$335$159
29 years$1,201$871$621$436$303$139
30 years$1,148$823$579$400$273$121
31 years$1,099$778$540$368$247$106
32 years$1,053$736$503$338$224$93
33 years$1,010$697$470$311$202$81
34 years$970$661$439$286$183$71
35 years$932$627$411$263$166$62
36 years$896$595$384$242$150$54
37 years$862$565$360$223$136$48
38 years$830$537$337$206$124$42
39 years$800$511$315$190$112$37
40 years$771$486$296$175$102$32
41 years$744$462$277$162$92$28
42 years$718$440$260$149$84$25
43 years$693$420$244$138$76$22
44 years$670$400$229$127$69$19
45 years$648$381$215$117$63$17
46 years$627$364$202$108$57$14
47 years$606$347$190$100$52$13
48 years$587$331$178$93$47$11
49 years$568$317$168$86$43$10
50 years$551$302$158$79$39$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $564,000, adding $3,024 every year, while hoping to spend $35,616 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: 56/21/23 Blend
29$564,000$564,000$564,000$564,000
30$624,647$594,755$586,013$655,565
31$650,466$586,003$567,750$668,310
32$677,725$575,628$547,680$678,165
33$706,533$563,514$525,707$688,144
34$737,009$549,536$501,728$698,268
35$769,283$533,563$475,636$708,562
36$803,498$515,456$447,318$719,058
37$839,810$495,068$416,658$729,792
38$878,387$472,242$383,532$740,805
39$919,416$446,816$347,814$752,144
40$963,100$418,613$309,369$763,866
41$1,009,661$387,451$268,059$776,034
42$1,059,345$353,134$223,737$788,722
43$1,112,417$315,456$176,251$802,012
44$1,169,170$274,200$125,442$816,000
45$1,229,926$229,137$71,144$830,794
46$1,295,036$180,022$13,185$846,516
47$1,364,886$126,600$0$863,307
48$1,439,901$68,600$0$893,265
49$1,520,545$5,735$0$928,854
50$1,607,328$0$0$967,084
51$1,700,811$0$0$1,022,625
52$1,801,610$0$0$1,083,981
53$1,910,401$0$0$1,150,241
54$2,027,927$0$0$1,221,864
55$2,155,005$0$0$1,299,354
56$2,292,531$0$0$1,383,262
57$2,441,494$0$0$1,474,198
58$2,602,977$0$0$1,572,828
59$2,778,174$0$0$1,679,890
60$2,968,395$0$0$1,796,190
61$3,175,086$0$0$1,922,619
62$3,399,832$0$0$2,060,156
63$3,644,379$0$0$2,209,876
64$3,910,651$0$0$2,372,964
65$4,200,760$0$0$2,550,725
66$4,517,034$0$0$2,744,592
67$4,862,034$0$0$2,956,144
68$5,238,577$0$0$3,187,121
69$5,649,768$0$0$3,439,435
70$6,099,021$0$0$3,715,193
71$6,590,096$0$0$4,016,714
72$7,127,134$0$0$4,346,550
73$7,714,693$0$0$4,707,514
74$8,357,791$0$0$5,102,702
75$9,061,955$0$0$5,535,521
76$9,833,272$0$0$6,009,727
77$10,678,443$0$0$6,529,454
78$11,604,851$0$0$7,099,255
79$12,620,624$0$0$7,724,146
80$13,734,717$0$0$8,409,649
81$14,956,990$0$0$9,161,850
82$16,298,308$0$0$9,987,449
83$17,770,635$0$0$10,893,828
84$19,387,151$0$0$11,889,120
85$21,162,374$0$0$12,982,281
86$23,112,300$0$0$14,183,179
87$25,254,545$0$0$15,502,686
88$27,608,520$0$0$16,952,775
89$30,195,609$0$0$18,546,642
90$33,039,367$0$0$20,298,820
91$36,165,749$0$0$22,225,324
92$39,603,347$0$0$24,343,796
93$43,383,664$0$0$26,673,675
94$47,541,407$0$0$29,236,375
95$52,114,818$0$0$32,055,493
96$57,146,028$0$0$35,157,027
97$62,681,461$0$0$38,569,622
98$68,772,263$0$0$42,324,838
99$75,474,792$0$0$46,457,452
100$82,851,143$0$0$51,005,780