Can I retire at age 30 with 545,000?

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 $545,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$45,006$44,605$44,214$43,832$43,459$42,220
2 years$22,280$21,865$21,463$21,073$20,695$19,456
3 years$14,706$14,289$13,888$13,502$13,130$11,930
4 years$10,919$10,504$10,107$9,727$9,364$8,213
5 years$8,648$8,235$7,843$7,471$7,118$6,019
6 years$7,135$6,725$6,339$5,975$5,633$4,586
7 years$6,054$5,647$5,267$4,912$4,581$3,586
8 years$5,244$4,841$4,467$4,121$3,800$2,858
9 years$4,614$4,215$3,848$3,510$3,200$2,309
10 years$4,110$3,715$3,354$3,026$2,727$1,885
11 years$3,698$3,307$2,953$2,633$2,345$1,552
12 years$3,356$2,969$2,621$2,310$2,032$1,286
13 years$3,066$2,683$2,342$2,039$1,772$1,071
14 years$2,817$2,438$2,104$1,810$1,553$896
15 years$2,602$2,228$1,900$1,614$1,368$752
16 years$2,415$2,044$1,722$1,445$1,209$633
17 years$2,249$1,882$1,567$1,299$1,072$535
18 years$2,102$1,739$1,431$1,170$953$452
19 years$1,970$1,612$1,310$1,058$849$383
20 years$1,852$1,498$1,202$958$759$325
21 years$1,746$1,395$1,106$869$679$276
22 years$1,649$1,302$1,019$790$609$234
23 years$1,560$1,218$941$720$546$199
24 years$1,479$1,141$870$657$491$170
25 years$1,405$1,071$806$600$442$145
26 years$1,337$1,007$747$548$398$123
27 years$1,273$947$694$502$359$105
28 years$1,215$893$645$460$324$90
29 years$1,160$842$600$422$292$76
30 years$1,109$795$559$387$264$65
31 years$1,062$752$521$355$239$56
32 years$1,018$711$486$327$216$48
33 years$976$674$454$300$196$41
34 years$937$639$424$276$177$35
35 years$900$606$397$254$160$30
36 years$866$575$371$234$145$25
37 years$833$546$347$216$132$22
38 years$802$519$325$199$119$18
39 years$773$493$305$183$108$16
40 years$745$469$286$169$98$13
41 years$719$447$268$156$89$12
42 years$694$426$251$144$81$10
43 years$670$405$236$133$73$8
44 years$648$386$221$123$67$7
45 years$626$369$208$113$60$6
46 years$605$352$195$105$55$5
47 years$586$336$183$97$50$4
48 years$567$320$172$89$45$4
49 years$549$306$162$83$41$3
50 years$532$292$152$76$37$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $545,000, adding $3,214 every year, while hoping to spend $32,548 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: 70/23/7 Blend
29$545,000$545,000$545,000$545,000
30$603,905$575,020$566,573$645,294
31$630,873$568,565$550,922$666,634
32$659,500$560,703$533,656$685,664
33$689,922$551,331$514,687$705,593
34$722,287$540,339$493,921$726,503
35$756,755$527,610$471,263$748,484
36$793,504$513,023$446,610$771,634
37$832,728$496,448$419,858$796,065
38$874,639$477,746$390,896$821,899
39$919,469$456,773$359,608$849,273
40$967,474$433,374$325,874$878,337
41$1,018,933$407,386$289,567$909,258
42$1,074,153$378,637$250,557$942,223
43$1,133,472$346,945$208,706$977,438
44$1,197,258$312,118$163,869$1,015,131
45$1,265,918$273,951$115,899$1,055,555
46$1,339,897$232,230$64,637$1,098,991
47$1,419,685$186,728$9,921$1,145,751
48$1,505,820$137,205$0$1,196,178
49$1,598,892$83,406$0$1,254,276
50$1,699,551$25,065$0$1,317,872
51$1,808,511$0$0$1,386,709
52$1,926,557$0$0$1,470,962
53$2,054,551$0$0$1,569,218
54$2,193,441$0$0$1,675,865
55$2,344,273$0$0$1,791,707
56$2,508,193$0$0$1,917,630
57$2,686,464$0$0$2,054,607
58$2,880,476$0$0$2,203,709
59$3,091,756$0$0$2,366,115
60$3,321,988$0$0$2,543,121
61$3,573,022$0$0$2,736,156
62$3,846,895$0$0$2,946,789
63$4,145,850$0$0$3,176,751
64$4,472,355$0$0$3,427,944
65$4,829,128$0$0$3,702,465
66$5,219,161$0$0$4,002,621
67$5,645,747$0$0$4,330,951
68$6,112,514$0$0$4,690,253
69$6,623,454$0$0$5,083,606
70$7,182,964$0$0$5,514,402
71$7,795,889$0$0$5,986,376
72$8,467,560$0$0$6,503,641
73$9,203,850$0$0$7,070,726
74$10,011,230$0$0$7,692,621
75$10,896,822$0$0$8,374,821
76$11,868,475$0$0$9,123,378
77$12,934,832$0$0$9,944,959
78$14,105,415$0$0$10,846,908
79$15,390,710$0$0$11,837,314
80$16,802,272$0$0$12,925,087
81$18,352,827$0$0$14,120,046
82$20,056,395$0$0$15,433,003
83$21,928,423$0$0$16,875,872
84$23,985,924$0$0$18,461,777
85$26,247,646$0$0$20,205,179
86$28,734,241$0$0$22,122,008
87$31,468,463$0$0$24,229,813
88$34,475,380$0$0$26,547,933
89$37,782,613$0$0$29,097,672
90$41,420,592$0$0$31,902,502
91$45,422,845$0$0$34,988,286
92$49,826,315$0$0$38,383,519
93$54,671,705$0$0$42,119,599
94$60,003,862$0$0$46,231,119
95$65,872,202$0$0$50,756,197
96$72,331,173$0$0$55,736,832
97$79,440,769$0$0$61,219,302
98$87,267,096$0$0$67,254,600
99$95,882,994$0$0$73,898,912
100$105,368,726$0$0$81,214,151