Can I retire at age 30 with 548,000?

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 $548,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$45,253$44,850$44,457$44,073$43,698$42,384
2 years$22,403$21,985$21,581$21,189$20,809$19,496
3 years$14,787$14,368$13,964$13,576$13,202$11,932
4 years$10,980$10,562$10,162$9,781$9,416$8,198
5 years$8,696$8,281$7,887$7,513$7,158$5,995
6 years$7,174$6,762$6,373$6,008$5,664$4,557
7 years$6,087$5,678$5,296$4,939$4,606$3,556
8 years$5,272$4,867$4,492$4,144$3,821$2,827
9 years$4,639$4,238$3,869$3,529$3,218$2,279
10 years$4,133$3,736$3,373$3,042$2,742$1,856
11 years$3,719$3,326$2,969$2,648$2,358$1,524
12 years$3,374$2,985$2,635$2,322$2,043$1,260
13 years$3,083$2,697$2,354$2,050$1,782$1,046
14 years$2,833$2,452$2,115$1,820$1,562$873
15 years$2,617$2,240$1,910$1,623$1,375$731
16 years$2,428$2,055$1,732$1,453$1,216$613
17 years$2,261$1,893$1,576$1,306$1,078$516
18 years$2,113$1,749$1,438$1,177$958$435
19 years$1,981$1,621$1,317$1,063$854$367
20 years$1,862$1,506$1,209$963$763$311
21 years$1,755$1,403$1,112$874$683$263
22 years$1,658$1,310$1,025$795$612$223
23 years$1,569$1,225$946$724$549$189
24 years$1,488$1,148$875$660$494$160
25 years$1,413$1,077$810$603$444$136
26 years$1,344$1,012$752$551$400$116
27 years$1,280$953$698$505$361$98
28 years$1,221$898$649$462$326$84
29 years$1,167$847$604$424$294$71
30 years$1,115$800$562$389$266$60
31 years$1,068$756$524$357$240$51
32 years$1,023$715$489$328$217$44
33 years$981$677$457$302$197$37
34 years$942$642$427$278$178$32
35 years$905$609$399$256$161$27
36 years$870$578$373$236$146$23
37 years$837$549$349$217$132$20
38 years$806$522$327$200$120$17
39 years$777$496$306$184$109$14
40 years$749$472$287$170$99$12
41 years$723$449$269$157$90$10
42 years$698$428$253$145$81$9
43 years$674$408$237$134$74$7
44 years$651$389$223$123$67$6
45 years$629$371$209$114$61$5
46 years$609$354$196$105$55$5
47 years$589$337$184$97$50$4
48 years$570$322$173$90$46$3
49 years$552$308$163$83$41$3
50 years$535$294$153$77$38$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $548,000, adding $6,925 every year, while hoping to spend $34,581 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: 71/23/6 Blend
29$548,000$548,000$548,000$548,000
30$611,039$581,995$573,501$653,458
31$636,571$573,719$555,920$674,113
32$663,549$563,878$536,590$691,747
33$692,082$552,360$515,417$710,083
34$722,293$539,044$492,302$729,180
35$754,313$523,803$467,141$749,105
36$788,287$506,504$439,824$769,932
37$824,373$487,004$410,239$791,743
38$862,744$465,152$378,267$814,630
39$903,589$440,789$343,783$838,694
40$947,114$413,747$306,660$864,050
41$993,547$383,848$266,760$890,824
42$1,043,136$350,903$223,943$919,155
43$1,096,152$314,714$178,062$949,199
44$1,152,895$275,070$128,962$981,130
45$1,213,690$231,748$76,482$1,015,140
46$1,278,898$184,515$20,456$1,051,443
47$1,348,911$133,122$0$1,090,276
48$1,424,162$77,307$0$1,134,422
49$1,505,125$16,794$0$1,183,215
50$1,592,321$0$0$1,235,682
51$1,686,321$0$0$1,304,525
52$1,787,754$0$0$1,383,420
53$1,897,310$0$0$1,468,655
54$2,015,749$0$0$1,560,824
55$2,143,902$0$0$1,660,580
56$2,282,687$0$0$1,768,637
57$2,433,112$0$0$1,885,785
58$2,596,284$0$0$2,012,889
59$2,773,423$0$0$2,150,903
60$2,965,867$0$0$2,300,875
61$3,175,092$0$0$2,463,956
62$3,402,718$0$0$2,641,417
63$3,650,532$0$0$2,834,651
64$3,920,495$0$0$3,045,196
65$4,214,770$0$0$3,274,740
66$4,535,733$0$0$3,525,145
67$4,886,003$0$0$3,798,456
68$5,268,461$0$0$4,096,929
69$5,686,278$0$0$4,423,043
70$6,142,947$0$0$4,779,530
71$6,642,310$0$0$5,169,396
72$7,188,601$0$0$5,595,954
73$7,786,481$0$0$6,062,847
74$8,441,080$0$0$6,574,091
75$9,158,051$0$0$7,134,106
76$9,943,615$0$0$7,747,761
77$10,804,628$0$0$8,420,416
78$11,748,637$0$0$9,157,977
79$12,783,956$0$0$9,966,949
80$13,919,742$0$0$10,854,493
81$15,166,081$0$0$11,828,500
82$16,534,081$0$0$12,897,662
83$18,035,981$0$0$14,071,552
84$19,685,261$0$0$15,360,716
85$21,496,769$0$0$16,776,772
86$23,486,866$0$0$18,332,518
87$25,673,571$0$0$20,042,051
88$28,076,738$0$0$21,920,905
89$30,718,239$0$0$23,986,191
90$33,622,169$0$0$26,256,760
91$36,815,077$0$0$28,753,383
92$40,326,209$0$0$31,498,942
93$44,187,791$0$0$34,518,648
94$48,435,326$0$0$37,840,280
95$53,107,932$0$0$41,494,440
96$58,248,707$0$0$45,514,851
97$63,905,141$0$0$49,938,664
98$70,129,555$0$0$54,806,817
99$76,979,601$0$0$60,164,416
100$84,518,802$0$0$66,061,160