Can I retire at age 30 with 544,000?

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 $544,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.9%
1 years$44,923$44,523$44,132$43,751$43,379$41,824
2 years$22,239$21,825$21,424$21,034$20,657$19,106
3 years$14,679$14,263$13,862$13,477$13,106$11,609
4 years$10,899$10,485$10,088$9,709$9,347$7,916
5 years$8,632$8,220$7,829$7,458$7,105$5,743
6 years$7,121$6,712$6,327$5,964$5,622$4,330
7 years$6,043$5,637$5,258$4,903$4,572$3,350
8 years$5,234$4,832$4,459$4,113$3,793$2,640
9 years$4,605$4,207$3,841$3,504$3,194$2,108
10 years$4,103$3,708$3,348$3,020$2,722$1,701
11 years$3,692$3,301$2,948$2,628$2,341$1,383
12 years$3,349$2,963$2,616$2,305$2,029$1,132
13 years$3,060$2,678$2,337$2,035$1,769$931
14 years$2,812$2,434$2,100$1,807$1,551$768
15 years$2,598$2,224$1,896$1,611$1,365$636
16 years$2,410$2,040$1,719$1,443$1,207$529
17 years$2,245$1,879$1,564$1,296$1,070$440
18 years$2,098$1,736$1,428$1,168$951$367
19 years$1,967$1,609$1,307$1,056$848$306
20 years$1,849$1,495$1,200$956$757$256
21 years$1,742$1,393$1,104$868$678$214
22 years$1,646$1,300$1,017$789$608$179
23 years$1,557$1,216$939$718$545$150
24 years$1,477$1,139$868$655$490$126
25 years$1,403$1,069$804$598$441$106
26 years$1,334$1,005$746$547$397$89
27 years$1,271$946$693$501$358$74
28 years$1,212$891$644$459$323$63
29 years$1,158$841$599$421$292$53
30 years$1,107$794$558$386$264$44
31 years$1,060$750$520$355$238$37
32 years$1,016$710$486$326$216$31
33 years$974$672$453$300$195$26
34 years$935$637$424$276$177$22
35 years$899$605$396$254$160$19
36 years$864$574$370$234$145$16
37 years$831$545$347$215$131$13
38 years$801$518$325$199$119$11
39 years$771$492$304$183$108$9
40 years$744$469$285$169$98$8
41 years$718$446$267$156$89$7
42 years$693$425$251$144$81$6
43 years$669$405$235$133$73$5
44 years$646$386$221$123$66$4
45 years$625$368$207$113$60$3
46 years$604$351$195$105$55$3
47 years$585$335$183$97$50$2
48 years$566$320$172$89$45$2
49 years$548$305$162$82$41$2
50 years$531$292$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 $544,000, adding $4,230 every year, while hoping to spend $24,157 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: 62/25/13 Blend
29$544,000$544,000$544,000$544,000
30$603,851$575,019$566,587$639,150
31$639,741$577,492$559,865$665,817
32$678,482$579,277$552,108$691,777
33$720,340$580,314$543,256$719,525
34$765,605$580,540$533,246$749,236
35$814,600$579,889$522,012$781,101
36$867,674$578,289$509,485$815,335
37$925,217$575,666$495,593$852,171
38$987,655$571,938$480,261$891,871
39$1,055,455$567,022$463,409$934,722
40$1,129,132$560,828$444,954$981,040
41$1,209,255$553,260$424,811$1,031,178
42$1,296,446$544,217$402,890$1,085,522
43$1,391,392$533,592$379,095$1,144,500
44$1,494,848$521,271$353,328$1,208,586
45$1,607,644$507,135$325,486$1,278,302
46$1,730,696$491,057$295,462$1,354,225
47$1,865,010$472,902$263,143$1,436,993
48$2,011,694$452,527$228,411$1,527,310
49$2,171,968$429,782$191,144$1,625,953
50$2,347,175$404,507$151,214$1,733,781
51$2,538,793$376,535$108,486$1,851,743
52$2,748,451$345,687$62,822$1,980,885
53$2,977,942$311,774$14,075$2,122,363
54$3,229,238$274,597$0$2,277,453
55$3,504,515$233,947$0$2,452,828
56$3,806,166$189,600$0$2,647,205
57$4,136,826$141,322$0$2,860,369
58$4,499,401$88,866$0$3,094,239
59$4,897,088$31,968$0$3,350,931
60$5,333,410$0$0$3,632,780
61$5,812,246$0$0$3,950,515
62$6,337,871$0$0$4,308,993
63$6,914,991$0$0$4,702,634
64$7,548,794$0$0$5,134,981
65$8,244,992$0$0$5,609,938
66$9,009,877$0$0$6,131,802
67$9,850,384$0$0$6,705,310
68$10,774,150$0$0$7,335,681
69$11,789,589$0$0$8,028,661
70$12,905,971$0$0$8,790,585
71$14,133,511$0$0$9,628,430
72$15,483,461$0$0$10,549,883
73$16,968,218$0$0$11,563,414
74$18,601,442$0$0$12,678,354
75$20,398,182$0$0$13,904,986
76$22,375,021$0$0$15,254,637
77$24,550,228$0$0$16,739,790
78$26,943,934$0$0$18,374,198
79$29,578,321$0$0$20,173,014
80$32,477,827$0$0$22,152,936
81$35,669,381$0$0$24,332,362
82$39,182,658$0$0$26,731,564
83$43,050,351$0$0$29,372,879
84$47,308,487$0$0$32,280,921
85$51,996,763$0$0$35,482,812
86$57,158,922$0$0$39,008,437
87$62,843,164$0$0$42,890,726
88$69,102,600$0$0$47,165,967
89$75,995,757$0$0$51,874,145
90$83,587,122$0$0$57,059,320
91$91,947,761$0$0$62,770,044
92$101,155,980$0$0$69,059,819
93$111,298,067$0$0$75,987,598
94$122,469,110$0$0$83,618,347
95$134,773,885$0$0$92,023,652
96$148,327,855$0$0$101,282,400
97$163,258,252$0$0$111,481,518
98$179,705,279$0$0$122,716,799
99$197,823,435$0$0$135,093,800
100$217,782,972$0$0$148,728,841