Can I retire at age 30 with 559,000?

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 $559,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$46,162$45,751$45,349$44,958$44,575$43,253
2 years$22,852$22,427$22,014$21,614$21,226$19,905
3 years$15,084$14,656$14,245$13,849$13,467$12,187
4 years$11,200$10,774$10,366$9,977$9,605$8,378
5 years$8,870$8,447$8,045$7,663$7,301$6,130
6 years$7,318$6,897$6,501$6,128$5,777$4,662
7 years$6,209$5,792$5,403$5,039$4,698$3,640
8 years$5,378$4,965$4,582$4,227$3,898$2,896
9 years$4,732$4,323$3,946$3,600$3,283$2,335
10 years$4,216$3,811$3,441$3,103$2,797$1,903
11 years$3,793$3,392$3,029$2,701$2,405$1,564
12 years$3,442$3,045$2,688$2,369$2,084$1,293
13 years$3,144$2,752$2,402$2,092$1,818$1,075
14 years$2,890$2,501$2,158$1,857$1,593$898
15 years$2,669$2,285$1,948$1,656$1,403$752
16 years$2,477$2,096$1,766$1,483$1,240$632
17 years$2,307$1,931$1,607$1,332$1,099$532
18 years$2,156$1,784$1,467$1,200$978$449
19 years$2,021$1,653$1,343$1,085$871$379
20 years$1,900$1,536$1,233$982$778$321
21 years$1,790$1,431$1,134$892$696$272
22 years$1,691$1,336$1,045$811$624$231
23 years$1,600$1,249$965$738$560$196
24 years$1,517$1,171$892$673$504$166
25 years$1,441$1,099$827$615$453$141
26 years$1,371$1,032$767$562$408$120
27 years$1,306$972$712$515$368$102
28 years$1,246$916$662$472$332$87
29 years$1,190$864$616$432$300$74
30 years$1,138$816$574$397$271$63
31 years$1,089$771$535$364$245$54
32 years$1,044$730$499$335$222$46
33 years$1,001$691$466$308$201$39
34 years$961$655$435$283$182$33
35 years$923$621$407$261$164$28
36 years$888$590$381$240$149$24
37 years$854$560$356$221$135$20
38 years$823$532$334$204$122$17
39 years$793$506$313$188$111$15
40 years$764$481$293$174$101$13
41 years$737$458$275$160$91$11
42 years$712$436$258$148$83$9
43 years$687$416$242$136$75$8
44 years$664$396$227$126$68$7
45 years$642$378$213$116$62$6
46 years$621$361$200$107$56$5
47 years$601$344$188$99$51$4
48 years$582$329$177$92$46$4
49 years$563$314$166$85$42$3
50 years$546$300$156$78$38$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $559,000, adding $5,426 every year, while hoping to spend $21,944 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: 49/37/14 Blend
29$559,000$559,000$559,000$559,000
30$621,615$591,988$583,323$649,422
31$661,671$597,647$579,517$674,804
32$705,078$602,848$574,847$699,639
33$752,154$607,545$569,262$726,130
34$803,249$611,690$562,707$754,437
35$858,748$615,231$555,126$784,742
36$919,075$618,112$546,458$817,242
37$984,698$620,276$536,640$852,159
38$1,056,127$621,661$525,608$889,735
39$1,133,929$622,199$513,293$930,240
40$1,218,724$621,821$499,623$973,971
41$1,311,196$620,452$484,522$1,021,259
42$1,412,097$618,013$467,913$1,072,467
43$1,522,255$614,420$449,712$1,127,997
44$1,642,583$609,584$429,835$1,188,297
45$1,774,083$603,411$408,191$1,253,856
46$1,917,861$595,799$384,687$1,325,221
47$2,075,133$586,644$359,224$1,402,993
48$2,247,239$575,832$331,701$1,487,835
49$2,435,654$563,244$302,009$1,580,484
50$2,642,001$548,753$270,037$1,681,751
51$2,868,071$532,227$235,668$1,792,534
52$3,115,831$513,524$198,781$1,913,822
53$3,387,453$492,494$159,247$2,046,713
54$3,685,325$468,978$116,933$2,192,414
55$4,012,079$442,808$71,702$2,352,262
56$4,370,614$413,809$23,406$2,527,733
57$4,764,122$381,791$0$2,720,456
58$5,196,121$346,557$0$2,936,433
59$5,670,485$307,898$0$3,177,453
60$6,191,481$265,591$0$3,442,234
61$6,763,810$219,404$0$3,733,224
62$7,392,653$169,089$0$4,053,123
63$8,083,714$114,384$0$4,404,911
64$8,843,279$55,015$0$4,791,876
65$9,678,272$0$0$5,217,642
66$10,596,324$0$0$5,690,001
67$11,605,840$0$0$6,234,118
68$12,716,080$0$0$6,832,592
69$13,937,248$0$0$7,490,932
70$15,280,584$0$0$8,215,208
71$16,758,476$0$0$9,012,106
72$18,384,570$0$0$9,888,994
73$20,173,902$0$0$10,853,991
74$22,143,041$0$0$11,916,042
75$24,310,241$0$0$13,085,002
76$26,695,616$0$0$14,371,733
77$29,321,330$0$0$15,788,200
78$32,211,804$0$0$17,347,589
79$35,393,947$0$0$19,064,429
80$38,897,409$0$0$20,954,730
81$42,754,863$0$0$23,036,131
82$47,002,310$0$0$25,328,072
83$51,679,419$0$0$27,851,972
84$56,829,904$0$0$30,631,434
85$62,501,933$0$0$33,692,465
86$68,748,583$0$0$37,063,726
87$75,628,342$0$0$40,776,795
88$83,205,660$0$0$44,866,474
89$91,551,556$0$0$49,371,109
90$100,744,289$0$0$54,332,957
91$110,870,097$0$0$59,798,582
92$122,024,009$0$0$65,819,296
93$134,310,743$0$0$72,451,643
94$147,845,692$0$0$79,757,930
95$162,756,017$0$0$87,806,820
96$179,181,842$0$0$96,673,974
97$197,277,579$0$0$106,442,771
98$217,213,386$0$0$117,205,088
99$239,176,770$0$0$129,062,173
100$263,374,360$0$0$142,125,600