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%
1 years$46,575$46,160$45,755$45,360$44,974$43,692
2 years$23,057$22,627$22,211$21,808$21,416$20,135
3 years$15,218$14,787$14,372$13,972$13,587$12,346
4 years$11,300$10,870$10,459$10,066$9,691$8,500
5 years$8,950$8,522$8,117$7,732$7,367$6,229
6 years$7,383$6,959$6,560$6,183$5,829$4,746
7 years$6,265$5,844$5,451$5,084$4,741$3,712
8 years$5,426$5,010$4,623$4,265$3,933$2,958
9 years$4,775$4,362$3,982$3,632$3,312$2,390
10 years$4,253$3,845$3,471$3,131$2,822$1,951
11 years$3,827$3,423$3,056$2,725$2,427$1,606
12 years$3,473$3,072$2,712$2,390$2,103$1,331
13 years$3,173$2,776$2,423$2,110$1,834$1,109
14 years$2,916$2,524$2,177$1,873$1,608$928
15 years$2,693$2,305$1,966$1,671$1,416$779
16 years$2,499$2,115$1,782$1,496$1,251$656
17 years$2,327$1,948$1,622$1,344$1,109$553
18 years$2,175$1,800$1,480$1,211$986$468
19 years$2,039$1,668$1,355$1,094$879$396
20 years$1,917$1,550$1,244$991$785$336
21 years$1,806$1,444$1,144$900$703$285
22 years$1,706$1,348$1,054$818$630$243
23 years$1,615$1,261$974$745$565$206
24 years$1,531$1,181$900$679$508$176
25 years$1,454$1,108$834$620$457$150
26 years$1,383$1,042$773$567$412$127
27 years$1,318$980$718$519$371$109
28 years$1,257$924$668$476$335$93
29 years$1,201$871$621$436$303$79
30 years$1,148$823$579$400$273$67
31 years$1,099$778$540$368$247$58
32 years$1,053$736$503$338$224$49
33 years$1,010$697$470$311$202$42
34 years$970$661$439$286$183$36
35 years$932$627$411$263$166$31
36 years$896$595$384$242$150$26
37 years$862$565$360$223$136$22
38 years$830$537$337$206$124$19
39 years$800$511$315$190$112$16
40 years$771$486$296$175$102$14
41 years$744$462$277$162$92$12
42 years$718$440$260$149$84$10
43 years$693$420$244$138$76$9
44 years$670$400$229$127$69$7
45 years$648$381$215$117$63$6
46 years$627$364$202$108$57$5
47 years$606$347$190$100$52$5
48 years$587$331$178$93$47$4
49 years$568$317$168$86$43$3
50 years$551$302$158$79$39$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $564,000, adding $5,487 every year, while hoping to spend $23,825 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: 42/48/10 Blend
29$564,000$564,000$564,000$564,000
30$627,188$597,296$588,554$651,471
31$665,811$601,214$582,921$672,899
32$707,576$604,525$576,300$693,268
33$752,777$607,175$568,635$714,789
34$801,739$609,105$559,863$737,575
35$854,818$610,254$549,920$761,754
36$912,408$610,554$538,741$787,468
37$974,940$609,937$526,254$814,873
38$1,042,887$608,328$512,388$844,146
39$1,116,774$605,648$497,065$875,480
40$1,197,173$601,813$480,205$909,090
41$1,284,718$596,735$461,725$945,215
42$1,380,103$590,319$441,536$984,122
43$1,484,094$582,465$419,549$1,026,105
44$1,597,534$573,068$395,666$1,071,491
45$1,721,349$562,016$369,788$1,120,641
46$1,856,562$549,189$341,810$1,173,959
47$2,004,294$534,462$311,624$1,231,889
48$2,165,783$517,703$279,115$1,294,925
49$2,342,392$498,769$244,164$1,363,615
50$2,535,619$477,511$206,646$1,438,565
51$2,747,116$453,773$166,433$1,520,446
52$2,978,700$427,387$123,387$1,610,001
53$3,232,375$398,176$77,368$1,708,054
54$3,510,345$365,954$28,227$1,815,517
55$3,815,038$330,524$0$1,933,397
56$4,149,129$291,676$0$2,065,396
57$4,515,563$249,192$0$2,213,546
58$4,917,585$202,837$0$2,376,217
59$5,358,769$152,366$0$2,554,940
60$5,843,050$97,518$0$2,751,404
61$6,374,765$38,021$0$2,967,478
62$6,958,691$0$0$3,205,229
63$7,600,088$0$0$3,480,889
64$8,304,754$0$0$3,805,879
65$9,079,073$0$0$4,163,072
66$9,930,081$0$0$4,555,721
67$10,865,528$0$0$4,987,413
68$11,893,951$0$0$5,462,098
69$13,024,757$0$0$5,984,129
70$14,268,312$0$0$6,558,302
71$15,636,032$0$0$7,189,900
72$17,140,498$0$0$7,884,744
73$18,795,573$0$0$8,649,249
74$20,616,527$0$0$9,490,482
75$22,620,188$0$0$10,416,229
76$24,825,098$0$0$11,435,070
77$27,251,684$0$0$12,556,459
78$29,922,456$0$0$13,790,813
79$32,862,217$0$0$15,149,610
80$36,098,295$0$0$16,645,495
81$39,660,804$0$0$18,292,406
82$43,582,923$0$0$20,105,698
83$47,901,215$0$0$22,102,290
84$52,655,967$0$0$24,300,828
85$57,891,572$0$0$26,721,855
86$63,656,946$0$0$29,388,012
87$70,005,993$0$0$32,324,243
88$76,998,107$0$0$35,558,037
89$84,698,739$0$0$39,119,685
90$93,180,011$0$0$43,042,565
91$102,521,396$0$0$47,363,458
92$112,810,468$0$0$52,122,895
93$124,143,729$0$0$57,365,537
94$136,627,522$0$0$63,140,601
95$150,379,026$0$0$69,502,321
96$165,527,373$0$0$76,510,460
97$182,214,855$0$0$84,230,874
98$200,598,278$0$0$92,736,136
99$220,850,431$0$0$102,106,216
100$243,161,724$0$0$112,429,241