Can I retire at age 30 with 562,000?

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 $562,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$46,409$45,996$45,593$45,199$44,815$43,910
2 years$22,975$22,547$22,132$21,730$21,340$20,433
3 years$15,164$14,735$14,321$13,923$13,539$12,657
4 years$11,260$10,832$10,422$10,031$9,656$8,806
5 years$8,918$8,492$8,088$7,704$7,341$6,525
6 years$7,357$6,934$6,536$6,161$5,808$5,029
7 years$6,243$5,824$5,432$5,066$4,724$3,980
8 years$5,407$4,992$4,607$4,249$3,919$3,211
9 years$4,758$4,346$3,968$3,620$3,300$2,627
10 years$4,238$3,831$3,459$3,120$2,812$2,173
11 years$3,814$3,411$3,045$2,715$2,418$1,813
12 years$3,460$3,061$2,703$2,382$2,096$1,523
13 years$3,161$2,766$2,415$2,103$1,827$1,287
14 years$2,905$2,515$2,170$1,867$1,602$1,092
15 years$2,684$2,297$1,959$1,665$1,410$930
16 years$2,490$2,108$1,776$1,491$1,247$795
17 years$2,319$1,941$1,616$1,339$1,105$681
18 years$2,167$1,794$1,475$1,207$983$585
19 years$2,032$1,662$1,350$1,091$876$503
20 years$1,910$1,545$1,239$988$782$434
21 years$1,800$1,439$1,140$896$700$374
22 years$1,700$1,343$1,051$815$628$323
23 years$1,609$1,256$970$742$563$280
24 years$1,526$1,177$897$677$506$242
25 years$1,449$1,104$831$618$456$210
26 years$1,378$1,038$771$565$410$182
27 years$1,313$977$716$517$370$158
28 years$1,253$921$665$474$334$137
29 years$1,196$868$619$435$302$119
30 years$1,144$820$577$399$272$103
31 years$1,095$775$538$366$246$89
32 years$1,049$734$502$337$223$78
33 years$1,006$695$468$310$202$68
34 years$966$658$438$285$183$59
35 years$928$625$409$262$165$51
36 years$893$593$383$242$150$44
37 years$859$563$358$223$136$39
38 years$827$535$335$205$123$34
39 years$797$509$314$189$112$29
40 years$768$484$295$174$101$25
41 years$741$461$276$161$92$22
42 years$716$439$259$149$83$19
43 years$691$418$243$137$76$17
44 years$668$399$228$127$69$15
45 years$646$380$214$117$62$13
46 years$624$363$201$108$57$11
47 years$604$346$189$100$51$10
48 years$585$330$178$92$47$8
49 years$566$315$167$85$42$7
50 years$549$301$157$79$39$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $562,000, adding $5,991 every year, while hoping to spend $35,049 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: 29/46/25 Blend
29$562,000$562,000$562,000$562,000
30$625,504$595,718$587,007$638,650
31$652,013$587,616$569,380$641,288
32$680,052$577,943$549,987$640,641
33$709,739$566,584$528,734$639,230
34$741,204$553,418$505,518$637,010
35$774,590$538,318$480,236$633,938
36$810,051$521,149$452,776$629,972
37$847,757$501,766$423,025$625,065
38$887,894$480,019$390,863$619,174
39$930,666$455,746$356,163$612,253
40$976,295$428,779$318,796$604,259
41$1,025,026$398,937$278,624$595,146
42$1,077,125$366,031$235,504$584,874
43$1,132,885$329,861$189,287$573,399
44$1,192,629$290,214$139,818$560,682
45$1,256,709$246,866$86,934$546,686
46$1,325,512$199,581$30,464$531,376
47$1,399,462$148,108$0$514,722
48$1,479,025$92,184$0$504,647
49$1,564,714$31,529$0$502,369
50$1,657,090$0$0$499,791
51$1,756,771$0$0$514,247
52$1,864,435$0$0$547,168
53$1,980,827$0$0$582,832
54$2,106,768$0$0$621,498
55$2,243,157$0$0$663,454
56$2,390,985$0$0$709,015
57$2,551,341$0$0$758,526
58$2,725,423$0$0$812,369
59$2,914,546$0$0$870,962
60$3,120,161$0$0$934,768
61$3,343,861$0$0$1,004,293
62$3,587,400$0$0$1,080,096
63$3,852,707$0$0$1,162,793
64$4,141,907$0$0$1,253,059
65$4,457,336$0$0$1,351,640
66$4,801,567$0$0$1,459,355
67$5,177,431$0$0$1,577,107
68$5,588,046$0$0$1,705,890
69$6,036,843$0$0$1,846,798
70$6,527,600$0$0$2,001,037
71$7,064,476$0$0$2,169,933
72$7,652,053$0$0$2,354,947
73$8,295,372$0$0$2,557,688
74$8,999,989$0$0$2,779,929
75$9,772,019$0$0$3,023,622
76$10,618,198$0$0$3,290,915
77$11,545,944$0$0$3,584,177
78$12,563,429$0$0$3,906,016
79$13,679,650$0$0$4,259,304
80$14,904,520$0$0$4,647,207
81$16,248,959$0$0$5,073,209
82$17,724,991$0$0$5,541,151
83$19,345,866$0$0$6,055,263
84$21,126,177$0$0$6,620,205
85$23,082,001$0$0$7,241,111
86$25,231,050$0$0$7,923,638
87$27,592,834$0$0$8,674,016
88$30,188,849$0$0$9,499,112
89$33,042,776$0$0$10,406,487
90$36,180,705$0$0$11,404,477
91$39,631,382$0$0$12,502,263
92$43,426,475$0$0$13,709,960
93$47,600,878$0$0$15,038,715
94$52,193,035$0$0$16,500,809
95$57,245,302$0$0$18,109,773
96$62,804,351$0$0$19,880,516
97$68,921,604$0$0$21,829,467
98$75,653,720$0$0$23,974,727
99$83,063,128$0$0$26,336,241
100$91,218,617$0$0$28,935,986