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%17.7%
1 years$46,575$46,160$45,755$45,360$44,974$43,569
2 years$23,057$22,627$22,211$21,808$21,416$20,014
3 years$15,218$14,787$14,372$13,972$13,587$12,231
4 years$11,300$10,870$10,459$10,066$9,691$8,390
5 years$8,950$8,522$8,117$7,732$7,367$6,126
6 years$7,383$6,959$6,560$6,183$5,829$4,649
7 years$6,265$5,844$5,451$5,084$4,741$3,622
8 years$5,426$5,010$4,623$4,265$3,933$2,874
9 years$4,775$4,362$3,982$3,632$3,312$2,312
10 years$4,253$3,845$3,471$3,131$2,822$1,880
11 years$3,827$3,423$3,056$2,725$2,427$1,541
12 years$3,473$3,072$2,712$2,390$2,103$1,271
13 years$3,173$2,776$2,423$2,110$1,834$1,054
14 years$2,916$2,524$2,177$1,873$1,608$877
15 years$2,693$2,305$1,966$1,671$1,416$733
16 years$2,499$2,115$1,782$1,496$1,251$614
17 years$2,327$1,948$1,622$1,344$1,109$515
18 years$2,175$1,800$1,480$1,211$986$433
19 years$2,039$1,668$1,355$1,094$879$365
20 years$1,917$1,550$1,244$991$785$308
21 years$1,806$1,444$1,144$900$703$260
22 years$1,706$1,348$1,054$818$630$220
23 years$1,615$1,261$974$745$565$186
24 years$1,531$1,181$900$679$508$158
25 years$1,454$1,108$834$620$457$133
26 years$1,383$1,042$773$567$412$113
27 years$1,318$980$718$519$371$96
28 years$1,257$924$668$476$335$81
29 years$1,201$871$621$436$303$69
30 years$1,148$823$579$400$273$58
31 years$1,099$778$540$368$247$50
32 years$1,053$736$503$338$224$42
33 years$1,010$697$470$311$202$36
34 years$970$661$439$286$183$30
35 years$932$627$411$263$166$26
36 years$896$595$384$242$150$22
37 years$862$565$360$223$136$19
38 years$830$537$337$206$124$16
39 years$800$511$315$190$112$13
40 years$771$486$296$175$102$11
41 years$744$462$277$162$92$10
42 years$718$440$260$149$84$8
43 years$693$420$244$138$76$7
44 years$670$400$229$127$69$6
45 years$648$381$215$117$63$5
46 years$627$364$202$108$57$4
47 years$606$347$190$100$52$4
48 years$587$331$178$93$47$3
49 years$568$317$168$86$43$3
50 years$551$302$158$79$39$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $564,000, adding $5,045 every year, while hoping to spend $29,194 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: 59/12/29 Blend
29$564,000$564,000$564,000$564,000
30$626,732$596,840$588,098$658,486
31$659,596$595,023$576,737$678,968
32$694,835$592,138$564,017$697,778
33$732,658$588,103$549,862$717,696
34$773,298$582,829$534,191$738,838
35$817,009$576,223$516,922$761,332
36$864,072$568,185$497,966$785,322
37$914,792$558,611$477,233$810,966
38$969,507$547,390$454,626$838,442
39$1,028,587$534,402$430,047$867,945
40$1,092,440$519,525$403,390$899,694
41$1,161,512$502,624$374,547$933,929
42$1,236,295$483,562$343,403$970,918
43$1,317,329$462,189$309,839$1,010,960
44$1,405,210$438,349$273,732$1,054,383
45$1,500,590$411,877$234,950$1,101,552
46$1,604,188$382,597$193,359$1,152,873
47$1,716,795$350,324$148,817$1,208,794
48$1,839,282$314,863$101,175$1,269,811
49$1,972,603$276,006$50,280$1,336,474
50$2,117,814$233,536$0$1,409,393
51$2,276,073$187,221$0$1,490,490
52$2,448,654$136,816$0$1,595,946
53$2,636,962$82,066$0$1,711,068
54$2,842,542$22,696$0$1,836,825
55$3,067,094$0$0$1,974,286
56$3,312,490$0$0$2,130,120
57$3,580,792$0$0$2,303,822
58$3,874,270$0$0$2,493,869
59$4,195,422$0$0$2,701,885
60$4,547,000$0$0$2,929,658
61$4,932,033$0$0$3,179,157
62$5,353,859$0$0$3,452,552
63$5,816,152$0$0$3,752,230
64$6,322,959$0$0$4,080,823
65$6,878,737$0$0$4,441,226
66$7,488,397$0$0$4,836,632
67$8,157,344$0$0$5,270,555
68$8,891,536$0$0$5,746,866
69$9,697,533$0$0$6,269,831
70$10,582,561$0$0$6,844,147
71$11,554,583$0$0$7,474,989
72$12,622,368$0$0$8,168,058
73$13,795,578$0$0$8,929,634
74$15,084,855$0$0$9,766,637
75$16,501,926$0$0$10,686,690
76$18,059,708$0$0$11,698,189
77$19,772,433$0$0$12,810,386
78$21,655,782$0$0$14,033,476
79$23,727,028$0$0$15,378,689
80$26,005,206$0$0$16,858,398
81$28,511,285$0$0$18,486,236
82$31,268,372$0$0$20,277,225
83$34,301,922$0$0$22,247,914
84$37,639,987$0$0$24,416,540
85$41,313,471$0$0$26,803,194
86$45,356,428$0$0$29,430,017
87$49,806,379$0$0$32,321,402
88$54,704,669$0$0$35,504,228
89$60,096,852$0$0$39,008,113
90$66,033,126$0$0$42,865,691
91$72,568,801$0$0$47,112,923
92$79,764,825$0$0$51,789,433
93$87,688,354$0$0$56,938,883
94$96,413,389$0$0$62,609,385
95$106,021,475$0$0$68,853,955
96$116,602,463$0$0$75,731,011
97$128,255,367$0$0$83,304,926
98$141,089,289$0$0$91,646,635
99$155,224,455$0$0$100,834,303
100$170,793,347$0$0$110,954,064