Can I retire at age 30 with 550,000?

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 $550,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$45,418$45,014$44,619$44,234$43,858$43,274
2 years$22,484$22,066$21,660$21,266$20,885$20,297
3 years$14,841$14,420$14,015$13,626$13,250$12,678
4 years$11,020$10,600$10,200$9,816$9,450$8,897
5 years$8,728$8,311$7,915$7,540$7,184$6,651
6 years$7,200$6,786$6,397$6,030$5,684$5,173
7 years$6,109$5,699$5,316$4,957$4,623$4,134
8 years$5,292$4,885$4,508$4,159$3,835$3,367
9 years$4,656$4,254$3,883$3,542$3,230$2,783
10 years$4,148$3,749$3,385$3,053$2,752$2,327
11 years$3,732$3,338$2,980$2,657$2,367$1,962
12 years$3,386$2,996$2,645$2,331$2,051$1,667
13 years$3,094$2,707$2,363$2,058$1,788$1,424
14 years$2,843$2,461$2,123$1,827$1,568$1,222
15 years$2,626$2,248$1,917$1,629$1,380$1,053
16 years$2,437$2,063$1,738$1,459$1,220$911
17 years$2,270$1,900$1,582$1,311$1,082$790
18 years$2,121$1,755$1,444$1,181$962$687
19 years$1,989$1,627$1,322$1,067$857$598
20 years$1,869$1,512$1,213$967$766$522
21 years$1,762$1,408$1,116$877$685$456
22 years$1,664$1,314$1,028$798$614$400
23 years$1,575$1,229$949$726$551$350
24 years$1,493$1,152$878$663$496$307
25 years$1,418$1,081$813$605$446$270
26 years$1,349$1,016$754$553$402$237
27 years$1,285$956$700$506$362$208
28 years$1,226$901$651$464$327$183
29 years$1,171$850$606$425$295$161
30 years$1,120$803$564$390$267$142
31 years$1,072$759$526$359$241$125
32 years$1,027$718$491$330$218$110
33 years$985$680$458$303$197$97
34 years$946$644$428$279$179$86
35 years$908$611$400$257$162$75
36 years$874$580$375$236$147$67
37 years$841$551$351$218$133$59
38 years$809$524$328$201$120$52
39 years$780$498$308$185$109$46
40 years$752$474$288$171$99$40
41 years$725$451$270$158$90$36
42 years$700$429$254$145$82$31
43 years$676$409$238$134$74$28
44 years$653$390$223$124$67$25
45 years$632$372$210$114$61$22
46 years$611$355$197$106$55$19
47 years$591$339$185$98$50$17
48 years$572$323$174$90$46$15
49 years$554$309$163$83$41$13
50 years$537$295$154$77$38$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $550,000, adding $5,858 every year, while hoping to spend $30,366 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: 41/49/10 Blend
29$550,000$550,000$550,000$550,000
30$612,143$582,993$574,468$635,195
31$642,272$579,250$561,403$648,188
32$674,457$574,306$546,883$658,758
33$708,875$568,071$530,827$669,517
34$745,720$560,446$513,150$680,494
35$785,207$551,332$493,764$691,723
36$827,569$540,618$472,576$703,246
37$873,064$528,191$449,490$715,111
38$921,974$513,930$424,405$727,371
39$974,608$497,705$397,215$740,089
40$1,031,306$479,380$367,810$753,339
41$1,092,441$458,813$336,074$767,202
42$1,158,425$435,849$301,888$781,775
43$1,229,708$410,329$265,124$797,163
44$1,306,785$382,082$225,653$813,492
45$1,390,200$350,928$183,336$830,899
46$1,480,553$316,675$138,030$849,543
47$1,578,502$279,124$89,586$869,601
48$1,684,769$238,062$37,847$891,277
49$1,800,152$193,263$0$914,797
50$1,925,524$144,490$0$942,269
51$2,061,850$91,493$0$976,560
52$2,210,189$34,006$0$1,013,970
53$2,371,707$0$0$1,054,880
54$2,547,686$0$0$1,114,951
55$2,739,537$0$0$1,200,495
56$2,948,815$0$0$1,293,876
57$3,177,230$0$0$1,395,867
58$3,426,663$0$0$1,507,317
59$3,699,188$0$0$1,629,160
60$3,997,084$0$0$1,762,426
61$4,322,864$0$0$1,908,248
62$4,679,293$0$0$2,067,875
63$5,069,416$0$0$2,242,682
64$5,496,586$0$0$2,434,180
65$5,964,495$0$0$2,644,038
66$6,477,209$0$0$2,874,092
67$7,039,207$0$0$3,126,362
68$7,655,420$0$0$3,403,075
69$8,331,281$0$0$3,706,685
70$9,072,772$0$0$4,039,892
71$9,886,484$0$0$4,405,674
72$10,779,676$0$0$4,807,307
73$11,760,344$0$0$5,248,402
74$12,837,295$0$0$5,732,938
75$14,020,234$0$0$6,265,296
76$15,319,848$0$0$6,850,304
77$16,747,914$0$0$7,493,280
78$18,317,405$0$0$8,200,084
79$20,042,611$0$0$8,977,170
80$21,939,278$0$0$9,831,650
81$24,024,754$0$0$10,771,360
82$26,318,149$0$0$11,804,931
83$28,840,522$0$0$12,941,876
84$31,615,071$0$0$14,192,674
85$34,667,358$0$0$15,568,872
86$38,025,545$0$0$17,083,190
87$41,720,665$0$0$18,749,647
88$45,786,907$0$0$20,583,689
89$50,261,944$0$0$22,602,331
90$55,187,284$0$0$24,824,328
91$60,608,667$0$0$27,270,339
92$66,576,487$0$0$29,963,133
93$73,146,275$0$0$32,927,795
94$80,379,220$0$0$36,191,968
95$88,342,744$0$0$39,786,110
96$97,111,140$0$0$43,743,786
97$106,766,271$0$0$48,101,980
98$117,398,345$0$0$52,901,443
99$129,106,760$0$0$58,187,082
100$142,001,048$0$0$64,008,383