Can I retire at age 30 with 543,000?

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 $543,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$44,840$44,441$44,051$43,671$43,300$41,565
2 years$22,198$21,785$21,384$20,996$20,619$18,893
3 years$14,652$14,237$13,837$13,452$13,081$11,419
4 years$10,879$10,465$10,070$9,691$9,330$7,743
5 years$8,616$8,205$7,815$7,444$7,092$5,586
6 years$7,108$6,700$6,315$5,953$5,612$4,186
7 years$6,032$5,627$5,248$4,894$4,564$3,218
8 years$5,224$4,823$4,451$4,106$3,786$2,519
9 years$4,597$4,199$3,833$3,497$3,189$1,998
10 years$4,095$3,702$3,342$3,015$2,717$1,601
11 years$3,685$3,295$2,942$2,624$2,337$1,293
12 years$3,343$2,958$2,611$2,301$2,025$1,050
13 years$3,054$2,673$2,333$2,032$1,766$857
14 years$2,807$2,430$2,096$1,803$1,548$702
15 years$2,593$2,219$1,893$1,608$1,363$577
16 years$2,406$2,036$1,716$1,440$1,204$475
17 years$2,241$1,875$1,561$1,294$1,068$392
18 years$2,094$1,733$1,425$1,166$950$324
19 years$1,963$1,606$1,305$1,054$846$269
20 years$1,845$1,492$1,198$954$756$223
21 years$1,739$1,390$1,101$866$677$185
22 years$1,643$1,298$1,015$787$606$153
23 years$1,555$1,214$937$717$544$127
24 years$1,474$1,137$867$654$489$106
25 years$1,400$1,067$803$597$440$88
26 years$1,332$1,003$745$546$397$73
27 years$1,269$944$691$500$358$61
28 years$1,210$889$643$458$323$51
29 years$1,156$839$598$420$291$42
30 years$1,105$792$557$386$263$35
31 years$1,058$749$519$354$238$29
32 years$1,014$709$485$325$215$24
33 years$972$671$453$299$195$20
34 years$934$636$423$275$176$17
35 years$897$603$395$253$160$14
36 years$862$573$370$233$145$12
37 years$830$544$346$215$131$10
38 years$799$517$324$198$119$8
39 years$770$492$304$183$108$7
40 years$742$468$285$169$98$6
41 years$716$445$267$156$89$5
42 years$691$424$250$144$81$4
43 years$668$404$235$133$73$3
44 years$645$385$221$122$66$3
45 years$624$367$207$113$60$2
46 years$603$350$194$104$55$2
47 years$584$334$183$96$50$2
48 years$565$319$172$89$45$1
49 years$547$305$161$82$41$1
50 years$530$291$152$76$37$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $543,000, adding $5,672 every year, while hoping to spend $34,535 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: 44/28/28 Blend
29$543,000$543,000$543,000$543,000
30$604,237$575,458$567,041$625,698
31$629,124$566,910$549,292$633,014
32$655,392$556,786$529,791$637,213
33$683,146$544,972$508,443$641,104
34$712,499$531,348$485,147$644,677
35$743,575$515,786$459,802$647,927
36$776,511$498,151$432,296$650,847
37$811,455$478,300$402,518$653,434
38$848,569$456,082$370,348$655,690
39$888,031$431,338$335,662$657,616
40$930,034$403,898$298,331$659,221
41$974,792$373,583$258,219$660,515
42$1,022,536$340,204$215,185$661,516
43$1,073,522$303,561$169,081$662,244
44$1,128,030$263,444$119,754$662,730
45$1,186,365$219,629$67,041$663,010
46$1,248,863$171,880$10,776$663,129
47$1,315,893$119,948$0$663,142
48$1,387,859$63,570$0$677,834
49$1,465,204$2,469$0$696,956
50$1,548,416$0$0$717,436
51$1,638,029$0$0$759,052
52$1,734,631$0$0$804,783
53$1,838,865$0$0$854,181
54$1,951,442$0$0$907,587
55$2,073,139$0$0$965,379
56$2,204,813$0$0$1,027,970
57$2,347,404$0$0$1,095,815
58$2,501,947$0$0$1,169,414
59$2,669,579$0$0$1,249,319
60$2,851,552$0$0$1,336,133
61$3,049,241$0$0$1,430,522
62$3,264,159$0$0$1,533,220
63$3,497,971$0$0$1,645,031
64$3,752,509$0$0$1,766,843
65$4,029,790$0$0$1,899,632
66$4,332,030$0$0$2,044,471
67$4,661,672$0$0$2,202,542
68$5,021,402$0$0$2,375,147
69$5,414,179$0$0$2,563,718
70$5,843,257$0$0$2,769,832
71$6,312,221$0$0$2,995,225
72$6,825,018$0$0$3,241,808
73$7,385,992$0$0$3,511,687
74$7,999,927$0$0$3,807,178
75$8,672,092$0$0$4,130,835
76$9,408,286$0$0$4,485,467
77$10,214,899$0$0$4,874,170
78$11,098,966$0$0$5,300,354
79$12,068,236$0$0$5,767,772
80$13,131,242$0$0$6,280,560
81$14,297,384$0$0$6,843,274
82$15,577,015$0$0$7,460,930
83$16,981,540$0$0$8,139,057
84$18,523,520$0$0$8,883,741
85$20,216,792$0$0$9,701,690
86$22,076,601$0$0$10,600,291
87$24,119,737$0$0$11,587,684
88$26,364,700$0$0$12,672,836
89$28,831,868$0$0$13,865,624
90$31,543,694$0$0$15,176,931
91$34,524,911$0$0$16,618,747
92$37,802,772$0$0$18,204,283
93$41,407,298$0$0$19,948,092
94$45,371,568$0$0$21,866,208
95$49,732,026$0$0$23,976,300
96$54,528,827$0$0$26,297,833
97$59,806,211$0$0$28,852,255
98$65,612,926$0$0$31,663,198
99$72,002,679$0$0$34,756,699
100$79,034,650$0$0$38,161,448