Can I retire at age 30 with 568,000?

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 $568,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$46,905$46,487$46,079$45,682$45,293$43,496
2 years$23,220$22,788$22,369$21,962$21,568$19,780
3 years$15,326$14,892$14,474$14,071$13,684$11,961
4 years$11,380$10,947$10,533$10,138$9,759$8,115
5 years$9,013$8,583$8,174$7,787$7,419$5,856
6 years$7,436$7,008$6,606$6,227$5,870$4,391
7 years$6,309$5,886$5,490$5,120$4,774$3,378
8 years$5,465$5,045$4,656$4,295$3,961$2,646
9 years$4,808$4,393$4,010$3,658$3,335$2,100
10 years$4,284$3,872$3,496$3,153$2,842$1,684
11 years$3,855$3,447$3,078$2,744$2,444$1,360
12 years$3,497$3,094$2,731$2,407$2,118$1,106
13 years$3,195$2,796$2,440$2,125$1,847$903
14 years$2,936$2,541$2,193$1,887$1,619$740
15 years$2,712$2,322$1,980$1,682$1,426$609
16 years$2,516$2,130$1,795$1,506$1,260$502
17 years$2,344$1,962$1,633$1,354$1,117$415
18 years$2,191$1,813$1,491$1,220$993$343
19 years$2,054$1,680$1,365$1,102$885$284
20 years$1,930$1,561$1,253$998$791$236
21 years$1,819$1,454$1,152$906$708$196
22 years$1,718$1,357$1,062$824$634$163
23 years$1,626$1,270$981$750$569$135
24 years$1,542$1,189$907$684$512$113
25 years$1,464$1,116$840$625$461$94
26 years$1,393$1,049$779$571$415$78
27 years$1,327$987$723$523$374$65
28 years$1,266$930$672$479$337$54
29 years$1,209$878$626$439$305$45
30 years$1,156$829$583$403$275$38
31 years$1,107$784$543$370$249$31
32 years$1,061$741$507$340$225$26
33 years$1,017$702$473$313$204$22
34 years$976$665$442$288$185$18
35 years$938$631$414$265$167$15
36 years$902$599$387$244$151$13
37 years$868$569$362$225$137$11
38 years$836$541$339$207$124$9
39 years$805$514$318$191$113$7
40 years$777$489$298$176$102$6
41 years$749$466$279$163$93$5
42 years$723$443$262$150$84$4
43 years$698$423$246$139$76$4
44 years$675$403$231$128$69$3
45 years$652$384$217$118$63$2
46 years$631$366$203$109$57$2
47 years$611$350$191$101$52$2
48 years$591$334$180$93$47$1
49 years$572$319$169$86$43$1
50 years$555$304$159$80$39$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $568,000, adding $4,832 every year, while hoping to spend $42,368 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: 49/46/5 Blend
29$568,000$568,000$568,000$568,000
30$630,920$600,816$592,012$660,825
31$650,195$585,177$566,765$666,096
32$670,016$567,351$539,253$666,881
33$690,393$547,188$509,354$666,718
34$711,338$524,525$476,942$665,530
35$732,862$499,194$441,887$663,232
36$754,973$471,013$404,049$659,738
37$777,681$439,794$363,286$654,952
38$800,995$405,334$319,446$648,774
39$824,923$367,422$272,374$641,099
40$849,471$325,832$221,905$631,813
41$874,647$280,327$167,868$620,796
42$900,453$230,656$110,085$607,921
43$926,895$176,554$48,368$593,051
44$953,974$117,740$0$576,044
45$981,689$53,920$0$557,678
46$1,010,040$0$0$539,674
47$1,039,021$0$0$526,989
48$1,068,626$0$0$541,902
49$1,098,844$0$0$557,113
50$1,129,664$0$0$572,613
51$1,161,067$0$0$588,393
52$1,193,033$0$0$604,439
53$1,225,535$0$0$620,737
54$1,258,544$0$0$637,269
55$1,292,022$0$0$654,013
56$1,325,925$0$0$670,945
57$1,360,203$0$0$688,036
58$1,394,797$0$0$705,253
59$1,429,639$0$0$722,558
60$1,464,650$0$0$739,907
61$1,499,743$0$0$757,250
62$1,534,814$0$0$774,532
63$1,569,749$0$0$791,687
64$1,604,416$0$0$808,644
65$1,638,668$0$0$825,322
66$1,672,337$0$0$841,627
67$1,705,236$0$0$857,458
68$1,737,154$0$0$872,698
69$1,767,854$0$0$887,217
70$1,797,071$0$0$900,871
71$1,824,508$0$0$913,497
72$1,849,834$0$0$924,914
73$1,872,679$0$0$934,920
74$1,892,630$0$0$943,291
75$1,909,228$0$0$949,774
76$1,921,961$0$0$954,093
77$1,930,259$0$0$955,936
78$1,933,490$0$0$954,960
79$1,930,950$0$0$950,783
80$1,921,859$0$0$942,979
81$1,905,350$0$0$931,079
82$1,880,462$0$0$914,560
83$1,846,129$0$0$892,844
84$1,801,171$0$0$865,291
85$1,744,280$0$0$831,191
86$1,674,007$0$0$789,758
87$1,588,748$0$0$740,123
88$1,486,728$0$0$681,325
89$1,365,983$0$0$612,299
90$1,224,343$0$0$531,869
91$1,059,405$0$0$438,734
92$868,513$0$0$331,456
93$648,734$0$0$208,448
94$396,823$0$0$67,953
95$109,199$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0