Can I retire at age 30 with 558,000?

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 $558,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$46,079$45,669$45,268$44,877$44,496$43,921
2 years$22,811$22,387$21,975$21,576$21,188$20,611
3 years$15,057$14,630$14,219$13,824$13,443$12,880
4 years$11,180$10,755$10,348$9,959$9,588$9,043
5 years$8,854$8,432$8,030$7,650$7,288$6,764
6 years$7,305$6,885$6,490$6,117$5,767$5,264
7 years$6,198$5,782$5,393$5,030$4,690$4,208
8 years$5,369$4,956$4,574$4,219$3,891$3,430
9 years$4,724$4,315$3,939$3,594$3,277$2,837
10 years$4,208$3,804$3,434$3,098$2,792$2,373
11 years$3,787$3,386$3,024$2,696$2,401$2,002
12 years$3,436$3,039$2,683$2,365$2,081$1,702
13 years$3,139$2,747$2,397$2,088$1,814$1,455
14 years$2,885$2,497$2,154$1,853$1,591$1,250
15 years$2,665$2,281$1,945$1,653$1,400$1,078
16 years$2,472$2,093$1,763$1,480$1,238$933
17 years$2,303$1,927$1,605$1,330$1,097$810
18 years$2,152$1,781$1,465$1,198$976$704
19 years$2,017$1,650$1,341$1,083$870$614
20 years$1,896$1,534$1,231$981$777$536
21 years$1,787$1,429$1,132$890$695$469
22 years$1,688$1,333$1,043$809$623$411
23 years$1,597$1,247$963$737$559$360
24 years$1,515$1,169$891$672$503$316
25 years$1,439$1,097$825$614$452$278
26 years$1,369$1,031$765$561$408$244
27 years$1,304$970$711$514$367$215
28 years$1,244$914$661$471$332$189
29 years$1,188$862$615$432$299$167
30 years$1,136$814$573$396$271$147
31 years$1,087$770$534$364$245$130
32 years$1,042$728$498$334$221$114
33 years$999$690$465$307$200$101
34 years$959$654$435$283$181$89
35 years$922$620$406$260$164$78
36 years$886$589$380$240$149$69
37 years$853$559$356$221$135$61
38 years$821$531$333$204$122$54
39 years$791$505$312$188$111$48
40 years$763$481$293$173$101$42
41 years$736$457$274$160$91$37
42 years$710$436$257$148$83$33
43 years$686$415$241$136$75$29
44 years$663$396$227$126$68$26
45 years$641$377$213$116$62$23
46 years$620$360$200$107$56$20
47 years$600$344$188$99$51$18
48 years$581$328$176$92$46$16
49 years$562$313$166$85$42$14
50 years$545$299$156$78$38$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $558,000, adding $6,185 every year, while hoping to spend $39,585 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: 68/9/23 Blend
29$558,000$558,000$558,000$558,000
30$621,296$591,722$583,073$659,518
31$642,550$578,598$560,488$672,789
32$664,645$563,505$535,819$682,165
33$687,626$546,303$508,956$691,488
34$711,538$526,847$479,781$700,750
35$736,434$504,981$448,172$709,947
36$762,367$480,542$414,003$719,073
37$789,397$453,356$377,140$728,125
38$817,585$423,241$337,444$737,099
39$847,000$390,001$294,769$745,994
40$877,714$353,432$248,965$754,808
41$909,808$313,317$199,872$763,544
42$943,367$269,427$147,326$772,205
43$978,482$221,521$91,153$780,795
44$1,015,254$169,342$31,173$789,324
45$1,053,791$112,621$0$797,802
46$1,094,211$51,073$0$814,302
47$1,136,641$0$0$839,472
48$1,181,220$0$0$867,274
49$1,228,098$0$0$901,839
50$1,277,439$0$0$938,232
51$1,329,421$0$0$976,586
52$1,384,238$0$0$1,017,045
53$1,442,102$0$0$1,059,768
54$1,503,244$0$0$1,104,927
55$1,567,914$0$0$1,152,710
56$1,636,388$0$0$1,203,322
57$1,708,965$0$0$1,256,986
58$1,785,974$0$0$1,313,949
59$1,867,772$0$0$1,374,477
60$1,954,753$0$0$1,438,864
61$2,047,344$0$0$1,507,431
62$2,146,015$0$0$1,580,528
63$2,251,281$0$0$1,658,540
64$2,363,704$0$0$1,741,889
65$2,483,903$0$0$1,831,035
66$2,612,554$0$0$1,926,487
67$2,750,398$0$0$2,028,797
68$2,898,251$0$0$2,138,577
69$3,057,006$0$0$2,256,493
70$3,227,642$0$0$2,383,280
71$3,411,235$0$0$2,519,744
72$3,608,968$0$0$2,666,767
73$3,822,138$0$0$2,825,322
74$4,052,171$0$0$2,996,476
75$4,300,632$0$0$3,181,401
76$4,569,243$0$0$3,381,386
77$4,859,897$0$0$3,597,847
78$5,174,671$0$0$3,832,342
79$5,515,853$0$0$4,086,581
80$5,885,956$0$0$4,362,448
81$6,287,746$0$0$4,662,014
82$6,724,263$0$0$4,987,554
83$7,198,852$0$0$5,341,575
84$7,715,194$0$0$5,726,833
85$8,277,338$0$0$6,146,361
86$8,889,740$0$0$6,603,495
87$9,557,301$0$0$7,101,908
88$10,285,420$0$0$7,645,643
89$11,080,034$0$0$8,239,147
90$11,947,683$0$0$8,887,319
91$12,895,563$0$0$9,595,550
92$13,931,596$0$0$10,369,774
93$15,064,507$0$0$11,216,527
94$16,303,899$0$0$12,143,003
95$17,660,348$0$0$13,157,125
96$19,145,498$0$0$14,267,617
97$20,772,173$0$0$15,484,085
98$22,554,495$0$0$16,817,111
99$24,508,015$0$0$18,278,345
100$26,649,863$0$0$19,880,620