Can I retire at age 30 with 571,000?

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 $571,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$47,153$46,733$46,323$45,923$45,532$43,917
2 years$23,343$22,908$22,487$22,078$21,682$20,072
3 years$15,407$14,971$14,550$14,146$13,756$12,201
4 years$11,440$11,005$10,589$10,191$9,811$8,324
5 years$9,061$8,628$8,218$7,828$7,458$6,043
6 years$7,475$7,046$6,641$6,260$5,901$4,558
7 years$6,343$5,917$5,519$5,147$4,799$3,529
8 years$5,494$5,072$4,680$4,317$3,982$2,782
9 years$4,834$4,416$4,031$3,677$3,353$2,223
10 years$4,306$3,892$3,514$3,170$2,857$1,795
11 years$3,875$3,465$3,094$2,759$2,457$1,461
12 years$3,516$3,110$2,746$2,420$2,129$1,196
13 years$3,212$2,811$2,453$2,136$1,857$984
14 years$2,952$2,555$2,204$1,896$1,628$813
15 years$2,727$2,334$1,990$1,691$1,433$674
16 years$2,530$2,141$1,804$1,514$1,267$560
17 years$2,356$1,972$1,642$1,361$1,123$466
18 years$2,202$1,822$1,499$1,226$999$389
19 years$2,064$1,689$1,372$1,108$890$325
20 years$1,941$1,569$1,259$1,004$795$272
21 years$1,829$1,462$1,158$911$711$228
22 years$1,727$1,365$1,068$828$638$191
23 years$1,635$1,276$986$754$572$160
24 years$1,550$1,196$912$688$515$134
25 years$1,472$1,122$844$628$463$113
26 years$1,400$1,055$783$574$417$95
27 years$1,334$993$727$526$376$80
28 years$1,273$935$676$482$339$67
29 years$1,216$882$629$442$306$56
30 years$1,162$833$586$405$277$47
31 years$1,113$788$546$372$250$40
32 years$1,066$745$510$342$226$33
33 years$1,023$706$476$315$205$28
34 years$982$669$445$290$185$24
35 years$943$635$416$267$168$20
36 years$907$602$389$245$152$17
37 years$873$572$364$226$138$14
38 years$840$544$341$208$125$12
39 years$810$517$319$192$113$10
40 years$781$492$299$177$103$8
41 years$753$468$281$164$93$7
42 years$727$446$263$151$85$6
43 years$702$425$247$139$77$5
44 years$678$405$232$129$70$4
45 years$656$386$218$119$63$4
46 years$634$368$205$110$58$3
47 years$614$352$192$101$52$3
48 years$594$336$181$94$47$2
49 years$575$320$170$87$43$2
50 years$557$306$160$80$39$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $571,000, adding $5,850 every year, while hoping to spend $38,071 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: 55/26/19 Blend
29$571,000$571,000$571,000$571,000
30$635,276$605,013$596,163$666,664
31$659,567$594,152$575,627$677,892
32$685,060$581,482$553,127$685,565
33$711,837$566,875$528,558$693,085
34$739,987$550,195$501,807$700,447
35$769,608$531,297$472,760$707,648
36$800,806$510,029$441,296$714,686
37$833,696$486,228$407,287$721,564
38$868,405$459,724$370,603$728,284
39$905,068$430,337$331,104$734,853
40$943,835$397,874$288,646$741,282
41$984,870$362,133$243,079$747,584
42$1,028,350$322,901$194,246$753,779
43$1,074,471$279,952$141,982$759,891
44$1,123,444$233,048$86,116$765,950
45$1,175,504$181,935$26,469$771,994
46$1,230,904$126,348$0$778,068
47$1,289,922$66,006$0$791,763
48$1,352,865$611$0$811,823
49$1,420,066$0$0$832,992
50$1,491,892$0$0$875,473
51$1,568,743$0$0$921,146
52$1,651,061$0$0$970,105
53$1,739,328$0$0$1,022,639
54$1,834,074$0$0$1,079,070
55$1,935,880$0$0$1,139,749
56$2,045,384$0$0$1,205,062
57$2,163,287$0$0$1,275,431
58$2,290,359$0$0$1,351,324
59$2,427,443$0$0$1,433,249
60$2,575,470$0$0$1,521,770
61$2,735,458$0$0$1,617,504
62$2,908,530$0$0$1,721,129
63$3,095,919$0$0$1,833,390
64$3,298,978$0$0$1,955,108
65$3,519,199$0$0$2,087,186
66$3,758,219$0$0$2,230,613
67$4,017,842$0$0$2,386,482
68$4,300,049$0$0$2,555,993
69$4,607,021$0$0$2,740,465
70$4,941,158$0$0$2,941,353
71$5,305,100$0$0$3,160,253
72$5,701,753$0$0$3,398,926
73$6,134,313$0$0$3,659,309
74$6,606,300$0$0$3,943,531
75$7,121,588$0$0$4,253,940
76$7,684,441$0$0$4,593,118
77$8,299,553$0$0$4,963,908
78$8,972,092$0$0$5,369,441
79$9,707,749$0$0$5,813,163
80$10,512,789$0$0$6,298,871
81$11,394,111$0$0$6,830,742
82$12,359,311$0$0$7,413,381
83$13,416,757$0$0$8,051,854
84$14,575,660$0$0$8,751,744
85$15,846,170$0$0$9,519,199
86$17,239,461$0$0$10,360,990
87$18,767,843$0$0$11,284,575
88$20,444,873$0$0$12,298,169
89$22,285,486$0$0$13,410,820
90$24,306,131$0$0$14,632,496
91$26,524,929$0$0$15,974,177
92$28,961,841$0$0$17,447,958
93$31,638,855$0$0$19,067,163
94$34,580,198$0$0$20,846,473
95$37,812,553$0$0$22,802,057
96$41,365,322$0$0$24,951,732
97$45,270,894$0$0$27,315,126
98$49,564,953$0$0$29,913,863
99$54,286,813$0$0$32,771,768
100$59,479,790$0$0$35,915,089