Can I retire at age 30 with 553,000?

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 $553,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$45,666$45,259$44,863$44,475$44,097$42,996
2 years$22,607$22,186$21,778$21,382$20,999$19,896
3 years$14,922$14,499$14,092$13,700$13,322$12,253
4 years$11,080$10,658$10,255$9,870$9,502$8,474
5 years$8,775$8,356$7,958$7,581$7,223$6,240
6 years$7,239$6,823$6,432$6,063$5,715$4,777
7 years$6,143$5,730$5,345$4,984$4,648$3,755
8 years$5,321$4,912$4,533$4,181$3,856$3,008
9 years$4,681$4,277$3,904$3,562$3,247$2,444
10 years$4,171$3,770$3,404$3,070$2,767$2,007
11 years$3,753$3,356$2,997$2,672$2,380$1,662
12 years$3,405$3,012$2,659$2,344$2,062$1,385
13 years$3,111$2,722$2,376$2,069$1,798$1,161
14 years$2,859$2,474$2,135$1,837$1,576$977
15 years$2,641$2,260$1,927$1,638$1,388$825
16 years$2,450$2,074$1,747$1,467$1,227$699
17 years$2,282$1,910$1,590$1,318$1,088$594
18 years$2,133$1,765$1,452$1,188$967$506
19 years$1,999$1,636$1,329$1,073$862$431
20 years$1,879$1,520$1,220$972$770$368
21 years$1,771$1,416$1,122$882$689$315
22 years$1,673$1,322$1,034$802$618$269
23 years$1,583$1,236$955$730$554$231
24 years$1,501$1,158$883$666$498$198
25 years$1,426$1,087$818$608$448$170
26 years$1,356$1,021$758$556$404$146
27 years$1,292$961$704$509$364$125
28 years$1,233$906$655$466$329$108
29 years$1,177$854$609$428$297$92
30 years$1,126$807$567$393$268$79
31 years$1,078$763$529$361$242$68
32 years$1,033$722$494$331$219$59
33 years$990$684$461$305$198$51
34 years$951$648$431$280$180$44
35 years$913$615$403$258$163$37
36 years$878$583$377$238$147$32
37 years$845$554$353$219$134$28
38 years$814$526$330$202$121$24
39 years$784$501$309$186$110$21
40 years$756$476$290$172$100$18
41 years$729$453$272$158$90$15
42 years$704$432$255$146$82$13
43 years$680$411$239$135$74$11
44 years$657$392$225$125$68$10
45 years$635$374$211$115$61$8
46 years$614$357$198$106$56$7
47 years$594$340$186$98$51$6
48 years$575$325$175$91$46$5
49 years$557$310$164$84$42$5
50 years$540$296$155$78$38$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $553,000, adding $2,751 every year, while hoping to spend $31,060 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: 48/31/21 Blend
29$553,000$553,000$553,000$553,000
30$612,244$582,935$574,363$637,872
31$641,645$578,451$560,557$651,524
32$673,004$572,706$545,247$662,995
33$706,488$565,607$528,350$674,807
34$742,280$557,051$509,780$687,006
35$780,580$546,934$489,445$699,643
36$821,608$535,143$467,250$712,778
37$865,605$521,558$443,097$726,477
38$912,837$506,054$416,880$740,818
39$963,592$488,497$388,491$755,887
40$1,018,190$468,745$357,818$771,782
41$1,076,982$446,650$324,740$788,614
42$1,140,350$422,052$289,135$806,508
43$1,208,718$394,784$250,873$825,605
44$1,282,548$364,670$209,819$846,063
45$1,362,352$331,523$165,832$868,061
46$1,448,689$295,144$118,764$891,798
47$1,542,174$255,325$68,462$917,500
48$1,643,485$211,845$14,764$945,418
49$1,753,366$164,471$0$975,833
50$1,872,635$112,956$0$1,018,593
51$2,002,194$57,041$0$1,068,667
52$2,143,031$0$0$1,123,178
53$2,296,238$0$0$1,183,820
54$2,463,012$0$0$1,271,067
55$2,644,672$0$0$1,366,157
56$2,842,671$0$0$1,469,858
57$3,058,605$0$0$1,583,014
58$3,294,232$0$0$1,706,553
59$3,551,489$0$0$1,841,499
60$3,832,505$0$0$1,988,977
61$4,139,626$0$0$2,150,226
62$4,475,433$0$0$2,326,611
63$4,842,771$0$0$2,519,635
64$5,244,768$0$0$2,730,953
65$5,684,872$0$0$2,962,386
66$6,166,878$0$0$3,215,940
67$6,694,967$0$0$3,493,826
68$7,273,741$0$0$3,798,477
69$7,908,271$0$0$4,132,573
70$8,604,141$0$0$4,499,067
71$9,367,499$0$0$4,901,209
72$10,205,121$0$0$5,342,582
73$11,124,467$0$0$5,827,131
74$12,133,757$0$0$6,359,201
75$13,242,044$0$0$6,943,580
76$14,459,302$0$0$7,585,541
77$15,796,517$0$0$8,290,895
78$17,265,793$0$0$9,066,041
79$18,880,463$0$0$9,918,030
80$20,655,216$0$0$10,854,631
81$22,606,236$0$0$11,884,401
82$24,751,352$0$0$13,016,769
83$27,110,206$0$0$14,262,124
84$29,704,442$0$0$15,631,912
85$32,557,904$0$0$17,138,741
86$35,696,862$0$0$18,796,507
87$39,150,262$0$0$20,620,518
88$42,949,997$0$0$22,627,641
89$47,131,207$0$0$24,836,462
90$51,732,611$0$0$27,267,457
91$56,796,869$0$0$29,943,191
92$62,370,989$0$0$32,888,525
93$68,506,765$0$0$36,130,853
94$75,261,270$0$0$39,700,361
95$82,697,388$0$0$43,630,311
96$90,884,414$0$0$47,957,351
97$99,898,702$0$0$52,721,867
98$109,824,385$0$0$57,968,359
99$120,754,172$0$0$63,745,863
100$132,790,220$0$0$70,108,410