Can I retire at age 30 with 556,000?

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 $556,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$45,914$45,505$45,106$44,717$44,336$43,352
2 years$22,730$22,306$21,896$21,498$21,112$20,126
3 years$15,003$14,577$14,168$13,774$13,395$12,437
4 years$11,140$10,716$10,311$9,924$9,553$8,632
5 years$8,823$8,401$8,002$7,622$7,262$6,379
6 years$7,279$6,860$6,467$6,096$5,746$4,903
7 years$6,176$5,761$5,374$5,011$4,673$3,869
8 years$5,349$4,939$4,557$4,204$3,877$3,112
9 years$4,707$4,300$3,925$3,581$3,265$2,539
10 years$4,193$3,790$3,422$3,087$2,782$2,094
11 years$3,773$3,374$3,013$2,686$2,393$1,742
12 years$3,423$3,028$2,674$2,356$2,073$1,458
13 years$3,128$2,737$2,389$2,080$1,808$1,228
14 years$2,874$2,488$2,146$1,847$1,585$1,039
15 years$2,655$2,273$1,938$1,647$1,395$882
16 years$2,463$2,085$1,757$1,475$1,233$751
17 years$2,294$1,920$1,599$1,325$1,094$641
18 years$2,144$1,774$1,459$1,194$972$548
19 years$2,010$1,644$1,336$1,079$867$470
20 years$1,890$1,528$1,226$977$774$404
21 years$1,781$1,423$1,128$887$693$347
22 years$1,682$1,329$1,039$806$621$299
23 years$1,592$1,243$960$734$557$257
24 years$1,509$1,164$888$670$501$222
25 years$1,433$1,093$822$612$451$191
26 years$1,364$1,027$762$559$406$165
27 years$1,299$966$708$512$366$143
28 years$1,239$911$658$469$330$123
29 years$1,184$859$613$430$298$107
30 years$1,132$811$571$395$270$92
31 years$1,083$767$532$363$244$80
32 years$1,038$726$496$333$220$69
33 years$996$687$463$306$199$60
34 years$956$651$433$282$181$52
35 years$918$618$405$260$164$45
36 years$883$586$379$239$148$39
37 years$850$557$354$220$134$34
38 years$818$529$332$203$122$29
39 years$788$503$311$187$110$25
40 years$760$479$291$173$100$22
41 years$733$456$273$159$91$19
42 years$708$434$256$147$82$16
43 years$684$414$241$136$75$14
44 years$661$394$226$125$68$12
45 years$639$376$212$116$62$11
46 years$618$359$199$107$56$9
47 years$598$342$187$99$51$8
48 years$579$327$176$91$46$7
49 years$560$312$165$84$42$6
50 years$543$298$155$78$38$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $556,000, adding $3,867 every year, while hoping to spend $35,162 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: 88/5/7 Blend
29$556,000$556,000$556,000$556,000
30$616,701$587,233$578,615$670,335
31$642,192$578,595$560,586$697,213
32$669,105$568,356$540,775$721,453
33$697,548$556,399$519,085$746,954
34$727,638$542,602$495,414$773,817
35$759,503$526,836$469,657$802,150
36$793,285$508,964$441,703$832,077
37$829,136$488,839$411,437$863,729
38$867,225$466,309$378,736$897,253
39$907,734$441,211$343,477$932,808
40$950,865$413,372$305,525$970,572
41$996,838$382,612$264,745$1,010,738
42$1,045,892$348,737$220,991$1,053,519
43$1,098,293$311,545$174,114$1,099,150
44$1,154,329$270,820$123,956$1,147,888
45$1,214,316$226,337$70,355$1,200,018
46$1,278,604$177,854$13,139$1,255,851
47$1,347,571$125,119$0$1,315,731
48$1,421,638$67,865$0$1,383,615
49$1,501,263$5,808$0$1,457,622
50$1,586,951$0$0$1,537,242
51$1,679,254$0$0$1,626,370
52$1,778,781$0$0$1,722,820
53$1,886,198$0$0$1,826,922
54$2,002,242$0$0$1,939,385
55$2,127,716$0$0$2,060,992
56$2,263,508$0$0$2,192,603
57$2,410,592$0$0$2,335,162
58$2,570,039$0$0$2,489,707
59$2,743,027$0$0$2,657,382
60$2,930,852$0$0$2,839,442
61$3,134,937$0$0$3,037,268
62$3,356,851$0$0$3,252,381
63$3,598,318$0$0$3,486,453
64$3,861,236$0$0$3,741,324
65$4,147,691$0$0$4,019,018
66$4,459,983$0$0$4,321,763
67$4,800,638$0$0$4,652,012
68$5,172,441$0$0$5,012,463
69$5,578,456$0$0$5,406,087
70$6,022,054$0$0$5,836,155
71$6,506,949$0$0$6,306,267
72$7,037,229$0$0$6,820,388
73$7,617,394$0$0$7,382,882
74$8,252,401$0$0$7,998,555
75$8,947,706$0$0$8,672,699
76$9,709,320$0$0$9,411,142
77$10,543,860$0$0$10,220,302
78$11,458,615$0$0$11,107,246
79$12,461,613$0$0$12,079,760
80$13,561,694$0$0$13,146,417
81$14,768,597$0$0$14,316,660
82$16,093,047$0$0$15,600,892
83$17,546,861$0$0$17,010,568
84$19,143,051$0$0$18,558,311
85$20,895,955$0$0$20,258,023
86$22,821,365$0$0$22,125,018
87$24,936,678$0$0$24,176,168
88$27,261,061$0$0$26,430,059
89$29,815,627$0$0$28,907,167
90$32,623,638$0$0$31,630,048
91$35,710,721$0$0$34,623,556
92$39,105,110$0$0$37,915,069
93$42,837,911$0$0$41,534,754
94$46,943,397$0$0$45,515,846
95$51,459,326$0$0$49,894,962
96$56,427,303$0$0$54,712,448
97$61,893,166$0$0$60,012,755
98$67,907,421$0$0$65,844,863
99$74,525,716$0$0$72,262,736
100$81,809,367$0$0$79,325,836