Can I retire at age 30 with 549,000?

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 $549,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$45,336$44,932$44,538$44,154$43,778$43,159
2 years$22,444$22,026$21,620$21,228$20,847$20,225
3 years$14,814$14,394$13,990$13,601$13,226$12,620
4 years$11,000$10,581$10,181$9,799$9,433$8,847
5 years$8,712$8,296$7,901$7,526$7,171$6,607
6 years$7,187$6,774$6,385$6,019$5,674$5,134
7 years$6,098$5,689$5,306$4,948$4,614$4,097
8 years$5,282$4,876$4,500$4,151$3,828$3,334
9 years$4,648$4,246$3,876$3,536$3,224$2,753
10 years$4,140$3,742$3,379$3,048$2,747$2,298
11 years$3,726$3,332$2,975$2,653$2,362$1,936
12 years$3,380$2,990$2,640$2,327$2,047$1,642
13 years$3,088$2,702$2,359$2,054$1,785$1,401
14 years$2,838$2,456$2,119$1,823$1,565$1,201
15 years$2,622$2,244$1,913$1,626$1,378$1,034
16 years$2,432$2,059$1,735$1,456$1,218$893
17 years$2,265$1,896$1,579$1,308$1,080$773
18 years$2,117$1,752$1,441$1,179$960$671
19 years$1,985$1,624$1,319$1,065$856$584
20 years$1,866$1,509$1,211$965$764$509
21 years$1,758$1,405$1,114$876$684$444
22 years$1,661$1,312$1,026$796$613$388
23 years$1,572$1,227$948$725$550$340
24 years$1,490$1,150$876$661$495$297
25 years$1,415$1,079$812$604$445$261
26 years$1,346$1,014$753$552$401$229
27 years$1,283$954$699$505$362$201
28 years$1,224$899$650$463$326$176
29 years$1,169$848$605$425$295$155
30 years$1,118$801$563$390$266$136
31 years$1,070$757$525$358$241$120
32 years$1,025$717$490$329$218$105
33 years$983$679$458$303$197$93
34 years$944$643$427$278$178$82
35 years$907$610$400$256$162$72
36 years$872$579$374$236$146$63
37 years$839$550$350$217$133$56
38 years$808$523$328$200$120$49
39 years$778$497$307$185$109$43
40 years$751$473$288$170$99$38
41 years$724$450$270$157$90$34
42 years$699$429$253$145$81$30
43 years$675$408$238$134$74$26
44 years$652$389$223$124$67$23
45 years$631$371$209$114$61$20
46 years$610$354$197$106$55$18
47 years$590$338$185$97$50$16
48 years$571$323$174$90$46$14
49 years$553$308$163$83$41$12
50 years$536$294$153$77$38$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $549,000, adding $3,293 every year, while hoping to spend $29,689 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: 35/44/21 Blend
29$549,000$549,000$549,000$549,000
30$608,395$579,298$570,788$625,701
31$638,862$576,094$558,321$635,517
32$671,442$571,739$544,441$643,125
33$706,319$566,144$529,069$650,724
34$743,694$559,216$512,124$658,333
35$783,790$550,857$493,519$665,971
36$826,849$540,961$473,164$673,667
37$873,138$529,419$450,966$681,450
38$922,950$516,112$426,825$689,358
39$976,607$500,917$400,639$697,436
40$1,034,461$483,702$372,301$705,736
41$1,096,901$464,329$341,698$714,320
42$1,164,353$442,649$308,713$723,258
43$1,237,285$418,507$273,223$732,633
44$1,316,213$391,738$235,101$742,539
45$1,401,702$362,169$194,212$753,086
46$1,494,375$329,615$150,418$764,398
47$1,594,917$293,881$103,572$776,618
48$1,704,079$254,762$53,522$789,908
49$1,822,690$212,040$110$804,454
50$1,951,660$165,486$0$820,464
51$2,091,991$114,857$0$850,923
52$2,244,786$59,896$0$884,206
53$2,411,258$335$0$920,631
54$2,592,741$0$0$960,581
55$2,790,704$0$0$1,035,526
56$3,006,765$0$0$1,117,574
57$3,242,704$0$0$1,207,248
58$3,500,480$0$0$1,305,304
59$3,782,250$0$0$1,412,570
60$4,090,390$0$0$1,529,963
61$4,427,513$0$0$1,658,489
62$4,796,501$0$0$1,799,257
63$5,200,522$0$0$1,953,490
64$5,643,069$0$0$2,122,531
65$6,127,987$0$0$2,307,863
66$6,659,511$0$0$2,511,117
67$7,242,303$0$0$2,734,090
68$7,881,501$0$0$2,978,762
69$8,582,763$0$0$3,247,313
70$9,352,320$0$0$3,542,145
71$10,197,036$0$0$3,865,903
72$11,124,473$0$0$4,221,502
73$12,142,960$0$0$4,612,152
74$13,261,672$0$0$5,041,391
75$14,490,716$0$0$5,513,114
76$15,841,228$0$0$6,031,613
77$17,325,475$0$0$6,601,619
78$18,956,971$0$0$7,228,342
79$20,750,605$0$0$7,917,520
80$22,722,780$0$0$8,675,480
81$24,891,569$0$0$9,509,188
82$27,276,884$0$0$10,426,321
83$29,900,660$0$0$11,435,339
84$32,787,071$0$0$12,545,562
85$35,962,746$0$0$13,767,257
86$39,457,029$0$0$15,111,739
87$43,302,251$0$0$16,591,476
88$47,534,034$0$0$18,220,203
89$52,191,631$0$0$20,013,057
90$57,318,289$0$0$21,986,716
91$62,961,665$0$0$24,159,556
92$69,174,268$0$0$26,551,827
93$76,013,957$0$0$29,185,842
94$83,544,488$0$0$32,086,186
95$91,836,112$0$0$35,279,953
96$100,966,240$0$0$38,796,994
97$111,020,170$0$0$42,670,206
98$122,091,895$0$0$46,935,836
99$134,284,988$0$0$51,633,829
100$147,713,577$0$0$56,808,200