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%17.6%
1 years$47,153$46,733$46,323$45,923$45,532$44,128
2 years$23,343$22,908$22,487$22,078$21,682$20,279
3 years$15,407$14,971$14,550$14,146$13,756$12,399
4 years$11,440$11,005$10,589$10,191$9,811$8,510
5 years$9,061$8,628$8,218$7,828$7,458$6,217
6 years$7,475$7,046$6,641$6,260$5,901$4,721
7 years$6,343$5,917$5,519$5,147$4,799$3,680
8 years$5,494$5,072$4,680$4,317$3,982$2,922
9 years$4,834$4,416$4,031$3,677$3,353$2,352
10 years$4,306$3,892$3,514$3,170$2,857$1,913
11 years$3,875$3,465$3,094$2,759$2,457$1,569
12 years$3,516$3,110$2,746$2,420$2,129$1,295
13 years$3,212$2,811$2,453$2,136$1,857$1,074
14 years$2,952$2,555$2,204$1,896$1,628$895
15 years$2,727$2,334$1,990$1,691$1,433$748
16 years$2,530$2,141$1,804$1,514$1,267$627
17 years$2,356$1,972$1,642$1,361$1,123$527
18 years$2,202$1,822$1,499$1,226$999$444
19 years$2,064$1,689$1,372$1,108$890$374
20 years$1,941$1,569$1,259$1,004$795$316
21 years$1,829$1,462$1,158$911$711$267
22 years$1,727$1,365$1,068$828$638$226
23 years$1,635$1,276$986$754$572$191
24 years$1,550$1,196$912$688$515$162
25 years$1,472$1,122$844$628$463$137
26 years$1,400$1,055$783$574$417$116
27 years$1,334$993$727$526$376$99
28 years$1,273$935$676$482$339$84
29 years$1,216$882$629$442$306$71
30 years$1,162$833$586$405$277$60
31 years$1,113$788$546$372$250$51
32 years$1,066$745$510$342$226$44
33 years$1,023$706$476$315$205$37
34 years$982$669$445$290$185$31
35 years$943$635$416$267$168$27
36 years$907$602$389$245$152$23
37 years$873$572$364$226$138$19
38 years$840$544$341$208$125$16
39 years$810$517$319$192$113$14
40 years$781$492$299$177$103$12
41 years$753$468$281$164$93$10
42 years$727$446$263$151$85$9
43 years$702$425$247$139$77$7
44 years$678$405$232$129$70$6
45 years$656$386$218$119$63$5
46 years$634$368$205$110$58$4
47 years$614$352$192$101$52$4
48 years$594$336$181$94$47$3
49 years$575$320$170$87$43$3
50 years$557$306$160$80$39$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $571,000, adding $6,862 every year, while hoping to spend $41,730 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: 53/31/16 Blend
29$571,000$571,000$571,000$571,000
30$636,320$606,057$597,207$666,959
31$656,824$591,354$572,813$673,960
32$678,021$574,531$546,203$676,574
33$699,938$555,441$517,259$678,488
34$722,602$533,928$485,857$679,648
35$746,043$509,826$451,869$679,995
36$770,291$482,959$415,158$679,468
37$795,379$453,143$375,585$678,004
38$821,342$420,181$333,001$675,532
39$848,215$383,866$287,253$671,983
40$876,037$343,979$238,179$667,281
41$904,847$300,289$185,613$661,346
42$934,689$252,551$129,379$654,095
43$965,608$200,506$69,294$645,440
44$997,651$143,882$5,166$635,289
45$1,030,870$82,391$0$623,545
46$1,065,318$15,727$0$620,907
47$1,101,052$0$0$618,112
48$1,138,134$0$0$633,449
49$1,176,629$0$0$654,947
50$1,216,606$0$0$677,279
51$1,258,139$0$0$700,489
52$1,301,308$0$0$724,620
53$1,346,198$0$0$749,723
54$1,392,900$0$0$775,849
55$1,441,511$0$0$803,053
56$1,492,136$0$0$831,397
57$1,544,888$0$0$860,944
58$1,599,888$0$0$891,764
59$1,657,267$0$0$923,933
60$1,717,165$0$0$957,531
61$1,779,736$0$0$992,646
62$1,845,142$0$0$1,029,372
63$1,913,561$0$0$1,067,811
64$1,985,186$0$0$1,108,075
65$2,060,225$0$0$1,150,283
66$2,138,903$0$0$1,194,566
67$2,221,465$0$0$1,241,065
68$2,308,177$0$0$1,289,933
69$2,399,327$0$0$1,341,338
70$2,495,230$0$0$1,395,460
71$2,596,226$0$0$1,452,498
72$2,702,689$0$0$1,512,667
73$2,815,022$0$0$1,576,202
74$2,933,668$0$0$1,643,358
75$3,059,109$0$0$1,714,416
76$3,191,870$0$0$1,789,679
77$3,332,526$0$0$1,869,482
78$3,481,705$0$0$1,954,188
79$3,640,091$0$0$2,044,196
80$3,808,434$0$0$2,139,941
81$3,987,556$0$0$2,241,900
82$4,178,355$0$0$2,350,595
83$4,381,813$0$0$2,466,598
84$4,599,007$0$0$2,590,534
85$4,831,119$0$0$2,723,091
86$5,079,440$0$0$2,865,020
87$5,345,390$0$0$3,017,148
88$5,630,525$0$0$3,180,380
89$5,936,549$0$0$3,355,709
90$6,265,338$0$0$3,544,226
91$6,618,945$0$0$3,747,128
92$6,999,628$0$0$3,965,730
93$7,409,867$0$0$4,201,476
94$7,852,381$0$0$4,455,951
95$8,330,164$0$0$4,730,901
96$8,846,501$0$0$5,028,238
97$9,405,005$0$0$5,350,070
98$10,009,644$0$0$5,698,711
99$10,664,785$0$0$6,076,706
100$11,375,226$0$0$6,486,853