Can I retire at age 30 with 574,000?

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 $574,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$47,400$46,978$46,566$46,164$45,772$45,200
2 years$23,466$23,029$22,605$22,194$21,796$21,220
3 years$15,488$15,049$14,627$14,220$13,828$13,267
4 years$11,500$11,063$10,645$10,245$9,862$9,320
5 years$9,108$8,673$8,261$7,869$7,497$6,975
6 years$7,514$7,083$6,676$6,293$5,932$5,431
7 years$6,376$5,948$5,548$5,174$4,825$4,344
8 years$5,523$5,098$4,705$4,340$4,002$3,543
9 years$4,859$4,439$4,052$3,697$3,371$2,932
10 years$4,329$3,913$3,533$3,187$2,872$2,454
11 years$3,895$3,483$3,110$2,773$2,470$2,072
12 years$3,534$3,126$2,760$2,433$2,140$1,762
13 years$3,229$2,825$2,466$2,148$1,866$1,507
14 years$2,967$2,568$2,216$1,906$1,636$1,296
15 years$2,741$2,346$2,001$1,700$1,441$1,118
16 years$2,543$2,153$1,814$1,522$1,273$968
17 years$2,369$1,982$1,651$1,368$1,129$841
18 years$2,214$1,832$1,507$1,233$1,004$732
19 years$2,075$1,698$1,379$1,114$895$639
20 years$1,951$1,578$1,266$1,009$799$558
21 years$1,838$1,469$1,164$916$715$489
22 years$1,736$1,372$1,073$832$641$428
23 years$1,643$1,283$991$758$575$376
24 years$1,558$1,202$916$691$517$330
25 years$1,480$1,128$849$631$465$290
26 years$1,408$1,060$787$577$419$256
27 years$1,341$998$731$528$378$225
28 years$1,279$940$680$484$341$198
29 years$1,222$887$632$444$308$175
30 years$1,168$838$589$408$278$154
31 years$1,118$792$549$374$252$136
32 years$1,072$749$512$344$228$120
33 years$1,028$710$478$316$206$106
34 years$987$672$447$291$186$94
35 years$948$638$418$268$169$83
36 years$912$605$391$247$153$73
37 years$877$575$366$227$139$65
38 years$845$546$343$210$126$57
39 years$814$520$321$193$114$50
40 years$785$494$301$178$103$45
41 years$757$471$282$164$94$39
42 years$731$448$265$152$85$35
43 years$706$427$248$140$77$31
44 years$682$407$233$129$70$27
45 years$659$388$219$119$64$24
46 years$638$370$206$110$58$21
47 years$617$353$193$102$52$19
48 years$597$337$181$94$48$17
49 years$578$322$171$87$43$15
50 years$560$308$160$80$39$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $574,000, adding $5,156 every year, while hoping to spend $41,319 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: 37/44/19 Blend
29$574,000$574,000$574,000$574,000
30$637,866$607,444$598,547$657,640
31$658,966$593,246$574,636$658,231
32$680,832$576,967$548,538$654,599
33$703,501$558,462$520,138$649,818
34$727,008$537,577$489,312$643,806
35$751,393$514,149$455,935$636,481
36$776,698$488,004$419,871$627,753
37$802,966$458,962$380,982$617,529
38$830,246$426,828$339,122$605,710
39$858,588$391,400$294,140$592,194
40$888,046$352,460$245,875$576,871
41$918,678$309,782$194,163$559,628
42$950,546$263,124$138,830$540,345
43$983,716$212,232$79,696$518,896
44$1,018,261$156,837$16,572$495,150
45$1,054,257$96,655$0$468,968
46$1,091,786$31,387$0$450,502
47$1,130,939$0$0$433,559
48$1,171,810$0$0$433,680
49$1,214,504$0$0$449,698
50$1,259,133$0$0$466,462
51$1,305,817$0$0$484,018
52$1,354,688$0$0$502,420
53$1,405,888$0$0$521,723
54$1,459,570$0$0$541,989
55$1,515,902$0$0$563,284
56$1,575,065$0$0$585,680
57$1,637,255$0$0$609,257
58$1,702,687$0$0$634,099
59$1,771,593$0$0$660,300
60$1,844,228$0$0$687,961
61$1,920,868$0$0$717,194
62$2,001,813$0$0$748,119
63$2,087,393$0$0$780,868
64$2,177,965$0$0$815,586
65$2,273,923$0$0$852,429
66$2,375,693$0$0$891,570
67$2,483,743$0$0$933,198
68$2,598,585$0$0$977,519
69$2,720,778$0$0$1,024,758
70$2,850,934$0$0$1,075,163
71$2,989,725$0$0$1,129,004
72$3,137,883$0$0$1,186,578
73$3,296,215$0$0$1,248,211
74$3,465,603$0$0$1,314,260
75$3,647,013$0$0$1,385,116
76$3,841,506$0$0$1,461,208
77$4,050,246$0$0$1,543,008
78$4,274,510$0$0$1,631,034
79$4,515,700$0$0$1,725,853
80$4,775,355$0$0$1,828,091
81$5,055,165$0$0$1,938,431
82$5,356,986$0$0$2,057,629
83$5,682,858$0$0$2,186,511
84$6,035,022$0$0$2,325,988
85$6,415,941$0$0$2,477,060
86$6,828,322$0$0$2,640,826
87$7,275,141$0$0$2,818,497
88$7,759,672$0$0$3,011,401
89$8,285,512$0$0$3,221,003
90$8,856,620$0$0$3,448,911
91$9,477,349$0$0$3,696,895
92$10,152,490$0$0$3,966,904
93$10,887,312$0$0$4,261,080
94$11,687,611$0$0$4,581,784
95$12,559,771$0$0$4,931,611
96$13,510,811$0$0$5,313,419
97$14,548,460$0$0$5,730,352
98$15,681,225$0$0$6,185,874
99$16,918,471$0$0$6,683,797
100$18,270,504$0$0$7,228,317