Can I retire at age 30 with 547,000?

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 $547,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$45,171$44,768$44,376$43,993$43,619$43,199
2 years$22,362$21,945$21,542$21,150$20,771$20,348
3 years$14,760$14,341$13,939$13,551$13,178$12,765
4 years$10,959$10,543$10,144$9,763$9,399$8,999
5 years$8,680$8,265$7,872$7,499$7,145$6,760
6 years$7,161$6,749$6,362$5,997$5,653$5,283
7 years$6,076$5,668$5,287$4,930$4,598$4,242
8 years$5,263$4,859$4,484$4,136$3,814$3,474
9 years$4,631$4,230$3,862$3,523$3,212$2,887
10 years$4,125$3,729$3,367$3,037$2,737$2,426
11 years$3,712$3,320$2,964$2,643$2,354$2,058
12 years$3,368$2,979$2,630$2,318$2,040$1,758
13 years$3,077$2,693$2,350$2,047$1,779$1,510
14 years$2,828$2,447$2,112$1,817$1,559$1,304
15 years$2,612$2,236$1,907$1,620$1,373$1,131
16 years$2,423$2,051$1,729$1,451$1,213$984
17 years$2,257$1,889$1,573$1,303$1,076$859
18 years$2,110$1,746$1,436$1,175$957$752
19 years$1,978$1,618$1,314$1,061$853$659
20 years$1,859$1,503$1,206$961$762$579
21 years$1,752$1,400$1,110$872$682$510
22 years$1,655$1,307$1,023$793$611$449
23 years$1,566$1,223$944$722$548$396
24 years$1,485$1,145$873$659$493$350
25 years$1,410$1,075$809$602$444$309
26 years$1,342$1,010$750$550$400$274
27 years$1,278$951$697$504$360$242
28 years$1,219$896$648$461$325$215
29 years$1,164$845$603$423$293$190
30 years$1,113$798$561$388$265$169
31 years$1,066$755$523$357$240$150
32 years$1,021$714$488$328$217$133
33 years$980$676$456$301$196$118
34 years$940$641$426$277$178$105
35 years$904$608$398$255$161$93
36 years$869$577$373$235$146$83
37 years$836$548$349$217$132$74
38 years$805$521$327$200$120$66
39 years$776$495$306$184$109$58
40 years$748$471$287$170$99$52
41 years$721$448$269$157$89$46
42 years$696$427$252$145$81$41
43 years$673$407$237$133$74$36
44 years$650$388$222$123$67$32
45 years$628$370$209$114$61$29
46 years$608$353$196$105$55$26
47 years$588$337$184$97$50$23
48 years$569$321$173$90$45$20
49 years$551$307$163$83$41$18
50 years$534$293$153$77$37$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $547,000, adding $4,574 every year, while hoping to spend $38,076 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: 77/10/13 Blend
29$547,000$547,000$547,000$547,000
30$607,512$578,521$570,043$652,359
31$628,966$566,356$548,626$670,381
32$651,332$552,319$525,217$684,853
33$674,662$536,277$499,706$699,656
34$699,015$518,092$471,984$714,807
35$724,451$497,615$441,932$730,328
36$751,037$474,690$409,428$746,242
37$778,844$449,152$374,346$762,576
38$807,951$420,824$336,551$779,360
39$838,441$389,524$295,904$796,626
40$870,405$355,054$252,260$814,413
41$903,943$317,208$205,468$832,763
42$939,161$275,767$155,367$851,721
43$976,177$230,501$101,793$871,342
44$1,015,117$181,165$44,573$891,683
45$1,056,119$127,502$0$912,811
46$1,099,332$69,240$0$937,087
47$1,144,922$6,090$0$969,053
48$1,193,066$0$0$1,002,638
49$1,243,958$0$0$1,044,825
50$1,297,811$0$0$1,090,183
51$1,354,857$0$0$1,138,241
52$1,415,348$0$0$1,189,210
53$1,479,562$0$0$1,243,328
54$1,547,801$0$0$1,300,849
55$1,620,396$0$0$1,362,054
56$1,697,709$0$0$1,427,250
57$1,780,137$0$0$1,496,774
58$1,868,115$0$0$1,570,994
59$1,962,118$0$0$1,650,313
60$2,062,668$0$0$1,735,173
61$2,170,337$0$0$1,826,059
62$2,285,753$0$0$1,923,504
63$2,409,603$0$0$2,028,091
64$2,542,644$0$0$2,140,460
65$2,685,703$0$0$2,261,313
66$2,839,691$0$0$2,391,424
67$3,005,608$0$0$2,531,638
68$3,184,550$0$0$2,682,888
69$3,377,725$0$0$2,846,195
70$3,586,456$0$0$3,022,683
71$3,812,200$0$0$3,213,588
72$4,056,557$0$0$3,420,267
73$4,321,288$0$0$3,644,212
74$4,608,326$0$0$3,887,065
75$4,919,800$0$0$4,150,629
76$5,258,049$0$0$4,436,890
77$5,625,647$0$0$4,748,032
78$6,025,425$0$0$5,086,454
79$6,460,498$0$0$5,454,801
80$6,934,294$0$0$5,855,979
81$7,450,584$0$0$6,293,189
82$8,013,519$0$0$6,769,950
83$8,627,667$0$0$7,290,139
84$9,298,056$0$0$7,858,022
85$10,030,222$0$0$8,478,294
86$10,830,257$0$0$9,156,124
87$11,704,870$0$0$9,897,203
88$12,661,446$0$0$10,707,798
89$13,708,116$0$0$11,594,808
90$14,853,837$0$0$12,565,830
91$16,108,466$0$0$13,629,229
92$17,482,864$0$0$14,794,217
93$18,988,987$0$0$16,070,941
94$20,640,005$0$0$17,470,574
95$22,450,422$0$0$19,005,421
96$24,436,214$0$0$20,689,038
97$26,614,975$0$0$22,536,353
98$29,006,088$0$0$24,563,811
99$31,630,900$0$0$26,789,525
100$34,512,929$0$0$29,233,449