Can I retire at age 30 with 566,000?

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 $566,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$46,740$46,323$45,917$45,521$45,134$43,394
2 years$23,138$22,708$22,290$21,885$21,492$19,761
3 years$15,272$14,840$14,423$14,022$13,636$11,966
4 years$11,340$10,909$10,496$10,102$9,725$8,131
5 years$8,981$8,553$8,146$7,759$7,393$5,877
6 years$7,409$6,984$6,583$6,205$5,850$4,414
7 years$6,287$5,865$5,470$5,102$4,757$3,402
8 years$5,446$5,027$4,639$4,280$3,947$2,669
9 years$4,792$4,377$3,996$3,645$3,324$2,123
10 years$4,269$3,858$3,484$3,142$2,832$1,705
11 years$3,841$3,435$3,067$2,735$2,436$1,380
12 years$3,485$3,083$2,722$2,399$2,111$1,124
13 years$3,184$2,786$2,432$2,118$1,840$920
14 years$2,926$2,532$2,185$1,880$1,613$756
15 years$2,703$2,313$1,973$1,677$1,421$623
16 years$2,508$2,123$1,789$1,501$1,255$515
17 years$2,336$1,955$1,628$1,349$1,113$426
18 years$2,183$1,806$1,486$1,215$990$353
19 years$2,046$1,674$1,360$1,098$882$293
20 years$1,924$1,556$1,248$995$788$244
21 years$1,813$1,449$1,148$903$705$203
22 years$1,712$1,353$1,058$821$632$169
23 years$1,620$1,265$977$748$567$141
24 years$1,536$1,185$904$682$510$118
25 years$1,459$1,112$837$623$459$98
26 years$1,388$1,045$776$569$413$82
27 years$1,322$984$721$521$373$68
28 years$1,261$927$670$477$336$57
29 years$1,205$875$624$438$304$48
30 years$1,152$826$581$402$274$40
31 years$1,103$781$541$369$248$33
32 years$1,057$739$505$339$224$28
33 years$1,014$700$472$312$203$23
34 years$973$663$441$287$184$19
35 years$935$629$412$264$167$16
36 years$899$597$385$243$151$14
37 years$865$567$361$224$137$11
38 years$833$539$338$207$124$9
39 years$803$512$317$191$112$8
40 years$774$487$297$176$102$7
41 years$747$464$278$162$93$6
42 years$721$442$261$150$84$5
43 years$696$421$245$138$76$4
44 years$672$401$230$128$69$3
45 years$650$383$216$118$63$3
46 years$629$365$203$109$57$2
47 years$608$348$190$101$52$2
48 years$589$333$179$93$47$2
49 years$570$318$168$86$43$1
50 years$553$303$158$79$39$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $566,000, adding $4,046 every year, while hoping to spend $31,586 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: 72/6/22 Blend
29$566,000$566,000$566,000$566,000
30$627,905$597,907$589,134$669,440
31$658,345$593,598$575,263$693,330
32$690,830$588,018$559,869$715,342
33$725,537$581,073$542,866$738,669
34$762,657$572,661$524,168$763,435
35$802,402$562,676$503,682$789,781
36$845,002$551,002$481,310$817,861
37$890,712$537,521$456,954$847,846
38$939,809$522,103$430,506$879,924
39$992,598$504,615$401,856$914,305
40$1,049,415$484,913$370,891$951,219
41$1,110,628$462,847$337,488$990,921
42$1,176,641$438,255$301,523$1,033,694
43$1,247,898$410,970$262,864$1,079,850
44$1,324,888$380,811$221,374$1,129,734
45$1,408,146$347,591$176,910$1,183,726
46$1,498,263$311,108$129,322$1,242,248
47$1,595,885$271,152$78,454$1,305,767
48$1,701,727$227,500$24,143$1,374,795
49$1,816,570$179,915$0$1,449,901
50$1,941,278$128,148$0$1,539,652
51$2,076,797$71,936$0$1,643,366
52$2,224,171$11,001$0$1,756,181
53$2,384,546$0$0$1,878,986
54$2,559,185$0$0$2,016,393
55$2,749,478$0$0$2,166,932
56$2,956,951$0$0$2,331,090
57$3,183,288$0$0$2,510,200
58$3,430,340$0$0$2,705,731
59$3,700,146$0$0$2,919,301
60$3,994,950$0$0$3,152,689
61$4,317,221$0$0$3,407,854
62$4,669,679$0$0$3,686,954
63$5,055,320$0$0$3,992,365
64$5,477,439$0$0$4,326,701
65$5,939,669$0$0$4,692,845
66$6,446,008$0$0$5,093,966
67$7,000,859$0$0$5,533,560
68$7,609,071$0$0$6,015,472
69$8,275,986$0$0$6,543,940
70$9,007,486$0$0$7,123,631
71$9,810,050$0$0$7,759,684
72$10,690,816$0$0$8,457,763
73$11,657,645$0$0$9,224,104
74$12,719,195$0$0$10,065,576
75$13,885,007$0$0$10,989,747
76$15,165,587$0$0$12,004,955
77$16,572,512$0$0$13,120,383
78$18,118,535$0$0$14,346,149
79$19,817,705$0$0$15,693,399
80$21,685,499$0$0$17,174,412
81$23,738,969$0$0$18,802,718
82$25,996,901$0$0$20,593,221
83$28,479,995$0$0$22,562,343
84$31,211,053$0$0$24,728,177
85$34,215,201$0$0$27,110,657
86$37,520,123$0$0$29,731,746
87$41,156,317$0$0$32,615,645
88$45,157,392$0$0$35,789,015
89$49,560,374$0$0$39,281,237
90$54,406,064$0$0$43,124,680
91$59,739,417$0$0$47,355,012
92$65,609,965$0$0$52,011,534
93$72,072,288$0$0$57,137,550
94$79,186,527$0$0$62,780,776
95$87,018,949$0$0$68,993,789
96$95,642,572$0$0$75,834,526
97$105,137,858$0$0$83,366,823
98$115,593,464$0$0$91,661,026
99$127,107,086$0$0$100,794,647
100$139,786,375$0$0$110,853,100