Can I retire at age 30 with 564,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%11.3%
1 years$46,575$46,160$45,755$45,360$44,974$44,728
2 years$23,057$22,627$22,211$21,808$21,416$21,168
3 years$15,218$14,787$14,372$13,972$13,587$13,345
4 years$11,300$10,870$10,459$10,066$9,691$9,455
5 years$8,950$8,522$8,117$7,732$7,367$7,139
6 years$7,383$6,959$6,560$6,183$5,829$5,610
7 years$6,265$5,844$5,451$5,084$4,741$4,530
8 years$5,426$5,010$4,623$4,265$3,933$3,731
9 years$4,775$4,362$3,982$3,632$3,312$3,118
10 years$4,253$3,845$3,471$3,131$2,822$2,636
11 years$3,827$3,423$3,056$2,725$2,427$2,250
12 years$3,473$3,072$2,712$2,390$2,103$1,934
13 years$3,173$2,776$2,423$2,110$1,834$1,673
14 years$2,916$2,524$2,177$1,873$1,608$1,454
15 years$2,693$2,305$1,966$1,671$1,416$1,269
16 years$2,499$2,115$1,782$1,496$1,251$1,112
17 years$2,327$1,948$1,622$1,344$1,109$977
18 years$2,175$1,800$1,480$1,211$986$861
19 years$2,039$1,668$1,355$1,094$879$761
20 years$1,917$1,550$1,244$991$785$673
21 years$1,806$1,444$1,144$900$703$597
22 years$1,706$1,348$1,054$818$630$530
23 years$1,615$1,261$974$745$565$471
24 years$1,531$1,181$900$679$508$419
25 years$1,454$1,108$834$620$457$373
26 years$1,383$1,042$773$567$412$333
27 years$1,318$980$718$519$371$297
28 years$1,257$924$668$476$335$265
29 years$1,201$871$621$436$303$237
30 years$1,148$823$579$400$273$212
31 years$1,099$778$540$368$247$190
32 years$1,053$736$503$338$224$170
33 years$1,010$697$470$311$202$152
34 years$970$661$439$286$183$136
35 years$932$627$411$263$166$122
36 years$896$595$384$242$150$109
37 years$862$565$360$223$136$98
38 years$830$537$337$206$124$88
39 years$800$511$315$190$112$79
40 years$771$486$296$175$102$71
41 years$744$462$277$162$92$64
42 years$718$440$260$149$84$57
43 years$693$420$244$138$76$51
44 years$670$400$229$127$69$46
45 years$648$381$215$117$63$41
46 years$627$364$202$108$57$37
47 years$606$347$190$100$52$33
48 years$587$331$178$93$47$30
49 years$568$317$168$86$43$27
50 years$551$302$158$79$39$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $564,000, adding $2,988 every year, while hoping to spend $36,858 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: 26/49/25 Blend
29$564,000$564,000$564,000$564,000
30$624,610$594,718$585,976$635,874
31$649,104$584,643$566,390$635,144
32$674,860$572,838$544,912$630,980
33$701,970$559,181$521,440$625,738
34$730,530$543,540$495,868$619,352
35$760,648$525,778$468,083$611,752
36$792,439$505,746$437,969$602,866
37$826,031$483,290$405,404$592,619
38$861,561$458,246$370,259$580,933
39$899,180$430,440$332,403$567,728
40$939,053$399,688$291,695$552,921
41$981,359$365,796$247,990$536,427
42$1,026,297$328,559$201,137$518,155
43$1,074,081$287,760$150,977$498,017
44$1,124,946$243,170$97,343$475,919
45$1,179,151$194,545$40,065$451,766
46$1,236,978$141,631$0$425,461
47$1,298,736$84,158$0$402,523
48$1,364,765$21,839$0$389,004
49$1,435,435$0$0$374,157
50$1,511,155$0$0$382,537
51$1,592,371$0$0$404,218
52$1,679,575$0$0$427,565
53$1,773,304$0$0$452,730
54$1,874,149$0$0$479,880
55$1,982,759$0$0$509,200
56$2,099,847$0$0$540,893
57$2,226,196$0$0$575,181
58$2,362,666$0$0$612,308
59$2,510,201$0$0$652,544
60$2,669,842$0$0$696,183
61$2,842,729$0$0$743,552
62$3,030,118$0$0$795,008
63$3,233,390$0$0$850,945
64$3,454,063$0$0$911,794
65$3,693,807$0$0$978,033
66$3,954,459$0$0$1,050,185
67$4,238,040$0$0$1,128,827
68$4,546,773$0$0$1,214,593
69$4,883,106$0$0$1,308,183
70$5,249,729$0$0$1,410,363
71$5,649,608$0$0$1,521,982
72$6,086,003$0$0$1,643,971
73$6,562,505$0$0$1,777,355
74$7,083,065$0$0$1,923,263
75$7,652,035$0$0$2,082,940
76$8,274,204$0$0$2,257,754
77$8,954,847$0$0$2,449,213
78$9,699,771$0$0$2,658,978
79$10,515,371$0$0$2,888,877
80$11,408,687$0$0$3,140,925
81$12,387,475$0$0$3,417,338
82$13,460,275$0$0$3,720,562
83$14,636,494$0$0$4,053,285
84$15,926,489$0$0$4,418,473
85$17,341,672$0$0$4,819,391
86$18,894,610$0$0$5,259,634
87$20,599,146$0$0$5,743,166
88$22,470,530$0$0$6,274,349
89$24,525,558$0$0$6,857,993
90$26,782,735$0$0$7,499,393
91$29,262,444$0$0$8,204,386
92$31,987,141$0$0$8,979,400
93$34,981,566$0$0$9,831,517
94$38,272,971$0$0$10,768,541
95$41,891,383$0$0$11,799,070
96$45,869,882$0$0$12,932,574
97$50,244,914$0$0$14,179,491
98$55,056,632$0$0$15,551,319
99$60,349,278$0$0$17,060,728
100$66,171,595$0$0$18,721,676