Can I retire at age 30 with 571,000?

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 $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%14.2%
1 years$47,153$46,733$46,323$45,923$45,532$44,741
2 years$23,343$22,908$22,487$22,078$21,682$20,888
3 years$15,407$14,971$14,550$14,146$13,756$12,983
4 years$11,440$11,005$10,589$10,191$9,811$9,065
5 years$9,061$8,628$8,218$7,828$7,458$6,742
6 years$7,475$7,046$6,641$6,260$5,901$5,215
7 years$6,343$5,917$5,519$5,147$4,799$4,144
8 years$5,494$5,072$4,680$4,317$3,982$3,356
9 years$4,834$4,416$4,031$3,677$3,353$2,758
10 years$4,306$3,892$3,514$3,170$2,857$2,291
11 years$3,875$3,465$3,094$2,759$2,457$1,920
12 years$3,516$3,110$2,746$2,420$2,129$1,621
13 years$3,212$2,811$2,453$2,136$1,857$1,375
14 years$2,952$2,555$2,204$1,896$1,628$1,173
15 years$2,727$2,334$1,990$1,691$1,433$1,004
16 years$2,530$2,141$1,804$1,514$1,267$862
17 years$2,356$1,972$1,642$1,361$1,123$742
18 years$2,202$1,822$1,499$1,226$999$641
19 years$2,064$1,689$1,372$1,108$890$554
20 years$1,941$1,569$1,259$1,004$795$480
21 years$1,829$1,462$1,158$911$711$416
22 years$1,727$1,365$1,068$828$638$362
23 years$1,635$1,276$986$754$572$315
24 years$1,550$1,196$912$688$515$274
25 years$1,472$1,122$844$628$463$238
26 years$1,400$1,055$783$574$417$208
27 years$1,334$993$727$526$376$181
28 years$1,273$935$676$482$339$158
29 years$1,216$882$629$442$306$138
30 years$1,162$833$586$405$277$121
31 years$1,113$788$546$372$250$105
32 years$1,066$745$510$342$226$92
33 years$1,023$706$476$315$205$80
34 years$982$669$445$290$185$70
35 years$943$635$416$267$168$61
36 years$907$602$389$245$152$54
37 years$873$572$364$226$138$47
38 years$840$544$341$208$125$41
39 years$810$517$319$192$113$36
40 years$781$492$299$177$103$32
41 years$753$468$281$164$93$28
42 years$727$446$263$151$85$24
43 years$702$425$247$139$77$21
44 years$678$405$232$129$70$18
45 years$656$386$218$119$63$16
46 years$634$368$205$110$58$14
47 years$614$352$192$101$52$12
48 years$594$336$181$94$47$11
49 years$575$320$170$87$43$10
50 years$557$306$160$80$39$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $571,000, adding $6,504 every year, while hoping to spend $42,863 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: 51/40/9 Blend
29$571,000$571,000$571,000$571,000
30$635,951$605,688$596,837$666,578
31$655,212$589,761$571,226$672,242
32$675,001$571,616$543,319$673,262
33$695,327$551,101$512,996$673,368
34$716,197$528,052$480,128$672,483
35$737,620$502,298$444,583$670,528
36$759,601$473,654$406,221$667,416
37$782,147$441,930$364,896$663,057
38$805,263$406,921$320,456$657,354
39$828,951$368,411$272,743$650,204
40$853,214$326,173$221,590$641,497
41$878,053$279,967$166,824$631,116
42$903,466$229,537$108,265$618,938
43$929,451$174,616$45,723$604,830
44$956,002$114,920$0$588,654
45$983,112$50,148$0$572,276
46$1,010,768$0$0$558,339
47$1,038,959$0$0$551,107
48$1,067,665$0$0$566,207
49$1,096,865$0$0$581,552
50$1,126,533$0$0$597,127
51$1,156,637$0$0$612,912
52$1,187,141$0$0$628,886
53$1,218,001$0$0$645,023
54$1,249,166$0$0$661,293
55$1,280,579$0$0$677,664
56$1,312,171$0$0$694,095
57$1,343,867$0$0$710,542
58$1,375,578$0$0$726,955
59$1,407,204$0$0$743,276
60$1,438,633$0$0$759,440
61$1,469,736$0$0$775,374
62$1,500,370$0$0$790,995
63$1,530,370$0$0$806,211
64$1,559,555$0$0$820,916
65$1,587,719$0$0$834,993
66$1,614,632$0$0$848,313
67$1,640,036$0$0$860,728
68$1,663,645$0$0$872,075
69$1,685,135$0$0$882,170
70$1,704,149$0$0$890,812
71$1,720,288$0$0$897,773
72$1,733,105$0$0$902,801
73$1,742,106$0$0$905,616
74$1,746,740$0$0$905,906
75$1,746,396$0$0$903,325
76$1,740,393$0$0$897,488
77$1,727,978$0$0$887,970
78$1,708,313$0$0$874,298
79$1,680,472$0$0$855,947
80$1,643,424$0$0$832,338
81$1,596,032$0$0$802,826
82$1,537,032$0$0$766,701
83$1,465,027$0$0$723,173
84$1,378,472$0$0$671,371
85$1,275,654$0$0$610,329
86$1,154,681$0$0$538,982
87$1,013,460$0$0$456,148
88$849,675$0$0$360,525
89$660,769$0$0$250,670
90$443,914$0$0$124,991
91$195,986$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$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