Can I retire at age 30 with 563,000?

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 $563,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$46,492$46,078$45,674$45,279$44,894$43,475
2 years$23,016$22,587$22,172$21,769$21,378$19,961
3 years$15,191$14,761$14,347$13,948$13,563$12,193
4 years$11,280$10,851$10,441$10,048$9,673$8,360
5 years$8,934$8,507$8,102$7,718$7,354$6,101
6 years$7,370$6,947$6,548$6,172$5,819$4,628
7 years$6,254$5,834$5,441$5,075$4,732$3,603
8 years$5,417$5,001$4,615$4,257$3,926$2,857
9 years$4,766$4,354$3,975$3,626$3,306$2,297
10 years$4,246$3,838$3,465$3,126$2,817$1,867
11 years$3,821$3,417$3,051$2,720$2,423$1,529
12 years$3,466$3,067$2,707$2,386$2,099$1,260
13 years$3,167$2,771$2,419$2,106$1,831$1,044
14 years$2,910$2,519$2,173$1,870$1,605$869
15 years$2,688$2,301$1,962$1,668$1,413$725
16 years$2,494$2,111$1,779$1,493$1,249$607
17 years$2,323$1,944$1,619$1,342$1,107$509
18 years$2,171$1,797$1,478$1,209$985$428
19 years$2,036$1,665$1,353$1,092$878$360
20 years$1,913$1,547$1,242$989$784$304
21 years$1,803$1,441$1,142$898$701$256
22 years$1,703$1,345$1,053$816$629$216
23 years$1,612$1,258$972$744$564$183
24 years$1,528$1,179$899$678$507$155
25 years$1,452$1,106$832$619$456$131
26 years$1,381$1,040$772$566$411$111
27 years$1,315$979$717$518$371$94
28 years$1,255$922$666$475$335$80
29 years$1,198$870$620$436$302$67
30 years$1,146$822$578$400$273$57
31 years$1,097$777$539$367$247$49
32 years$1,051$735$503$337$223$41
33 years$1,008$696$469$310$202$35
34 years$968$660$438$285$183$30
35 years$930$626$410$263$166$25
36 years$894$594$383$242$150$21
37 years$860$564$359$223$136$18
38 years$829$536$336$206$123$15
39 years$798$510$315$190$112$13
40 years$770$485$295$175$101$11
41 years$743$462$277$161$92$9
42 years$717$440$260$149$84$8
43 years$692$419$244$137$76$7
44 years$669$399$229$127$69$6
45 years$647$381$215$117$62$5
46 years$625$363$202$108$57$4
47 years$605$347$189$100$51$4
48 years$586$331$178$92$47$3
49 years$567$316$167$85$42$3
50 years$550$302$157$79$39$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $563,000, adding $3,959 every year, while hoping to spend $38,481 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: 39/32/29 Blend
29$563,000$563,000$563,000$563,000
30$624,510$594,671$585,944$643,371
31$647,266$582,866$564,630$645,735
32$671,054$569,193$541,312$644,464
33$695,938$553,520$515,882$642,363
34$721,988$535,707$488,228$639,380
35$749,280$515,605$458,233$635,464
36$777,895$493,059$425,772$630,560
37$807,923$467,901$390,718$624,612
38$839,460$439,957$352,936$617,564
39$872,611$409,042$312,286$609,355
40$907,491$374,959$268,622$599,925
41$944,224$337,500$221,789$589,213
42$982,945$296,448$171,629$577,155
43$1,023,802$251,570$117,975$563,687
44$1,066,954$202,622$60,652$548,744
45$1,112,578$149,345$0$532,259
46$1,160,865$91,466$0$514,329
47$1,212,023$28,698$0$514,764
48$1,266,281$0$0$514,772
49$1,323,888$0$0$528,179
50$1,385,117$0$0$553,209
51$1,450,267$0$0$579,883
52$1,519,663$0$0$608,341
53$1,593,665$0$0$638,735
54$1,672,663$0$0$671,232
55$1,757,086$0$0$706,015
56$1,847,406$0$0$743,284
57$1,944,139$0$0$783,261
58$2,047,849$0$0$826,186
59$2,159,158$0$0$872,326
60$2,278,747$0$0$921,970
61$2,407,364$0$0$975,439
62$2,545,829$0$0$1,033,084
63$2,695,045$0$0$1,095,291
64$2,856,001$0$0$1,162,482
65$3,029,786$0$0$1,235,125
66$3,217,595$0$0$1,313,730
67$3,420,741$0$0$1,398,861
68$3,640,670$0$0$1,491,136
69$3,878,968$0$0$1,591,235
70$4,137,381$0$0$1,699,906
71$4,417,830$0$0$1,817,972
72$4,722,425$0$0$1,946,338
73$5,053,488$0$0$2,086,000
74$5,413,576$0$0$2,238,053
75$5,805,499$0$0$2,403,703
76$6,232,349$0$0$2,584,276
77$6,697,531$0$0$2,781,232
78$7,204,790$0$0$2,996,179
79$7,758,249$0$0$3,230,886
80$8,362,446$0$0$3,487,299
81$9,022,376$0$0$3,767,562
82$9,743,538$0$0$4,074,035
83$10,531,987$0$0$4,409,318
84$11,394,387$0$0$4,776,271
85$12,338,078$0$0$5,178,045
86$13,371,142$0$0$5,618,110
87$14,502,477$0$0$6,100,287
88$15,741,885$0$0$6,628,783
89$17,100,157$0$0$7,208,233
90$18,589,179$0$0$7,843,741
91$20,222,044$0$0$8,540,930
92$22,013,168$0$0$9,305,991
93$23,978,434$0$0$10,145,746
94$26,135,336$0$0$11,067,708
95$28,503,140$0$0$12,080,154
96$31,103,074$0$0$13,192,201
97$33,958,518$0$0$14,413,893
98$37,095,230$0$0$15,756,294
99$40,541,584$0$0$17,231,593
100$44,328,840$0$0$18,853,220