Can I retire at age 30 with 566,000?

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 $566,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$46,740$46,323$45,917$45,521$45,134$44,240
2 years$23,138$22,708$22,290$21,885$21,492$20,596
3 years$15,272$14,840$14,423$14,022$13,636$12,764
4 years$11,340$10,909$10,496$10,102$9,725$8,886
5 years$8,981$8,553$8,146$7,759$7,393$6,588
6 years$7,409$6,984$6,583$6,205$5,850$5,079
7 years$6,287$5,865$5,470$5,102$4,757$4,022
8 years$5,446$5,027$4,639$4,280$3,947$3,247
9 years$4,792$4,377$3,996$3,645$3,324$2,658
10 years$4,269$3,858$3,484$3,142$2,832$2,200
11 years$3,841$3,435$3,067$2,735$2,436$1,837
12 years$3,485$3,083$2,722$2,399$2,111$1,544
13 years$3,184$2,786$2,432$2,118$1,840$1,306
14 years$2,926$2,532$2,185$1,880$1,613$1,109
15 years$2,703$2,313$1,973$1,677$1,421$945
16 years$2,508$2,123$1,789$1,501$1,255$808
17 years$2,336$1,955$1,628$1,349$1,113$693
18 years$2,183$1,806$1,486$1,215$990$596
19 years$2,046$1,674$1,360$1,098$882$513
20 years$1,924$1,556$1,248$995$788$442
21 years$1,813$1,449$1,148$903$705$382
22 years$1,712$1,353$1,058$821$632$330
23 years$1,620$1,265$977$748$567$286
24 years$1,536$1,185$904$682$510$248
25 years$1,459$1,112$837$623$459$215
26 years$1,388$1,045$776$569$413$186
27 years$1,322$984$721$521$373$162
28 years$1,261$927$670$477$336$140
29 years$1,205$875$624$438$304$122
30 years$1,152$826$581$402$274$106
31 years$1,103$781$541$369$248$92
32 years$1,057$739$505$339$224$80
33 years$1,014$700$472$312$203$70
34 years$973$663$441$287$184$61
35 years$935$629$412$264$167$53
36 years$899$597$385$243$151$46
37 years$865$567$361$224$137$40
38 years$833$539$338$207$124$35
39 years$803$512$317$191$112$30
40 years$774$487$297$176$102$26
41 years$747$464$278$162$93$23
42 years$721$442$261$150$84$20
43 years$696$421$245$138$76$17
44 years$672$401$230$128$69$15
45 years$650$383$216$118$63$13
46 years$629$365$203$109$57$11
47 years$608$348$190$101$52$10
48 years$589$333$179$93$47$9
49 years$570$318$168$86$43$8
50 years$553$303$158$79$39$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $566,000, adding $3,228 every year, while hoping to spend $35,952 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: 64/20/16 Blend
29$566,000$566,000$566,000$566,000
30$627,062$597,064$588,291$664,530
31$652,769$588,067$569,746$681,052
32$679,894$577,425$549,375$694,678
33$708,543$565,018$527,078$708,694
34$738,832$550,721$502,753$723,137
35$770,887$534,402$476,290$738,052
36$804,849$515,918$447,576$753,488
37$840,867$495,122$416,494$769,501
38$879,108$471,855$382,919$786,155
39$919,752$445,952$346,722$803,521
40$962,998$417,234$307,768$821,679
41$1,009,062$385,517$265,916$840,720
42$1,058,181$350,602$221,020$860,746
43$1,110,616$312,282$172,924$881,871
44$1,166,650$270,335$121,469$904,222
45$1,226,597$224,530$66,486$927,945
46$1,290,798$174,620$7,802$953,200
47$1,359,629$120,347$0$980,166
48$1,433,502$61,434$0$1,018,406
49$1,512,868$0$0$1,060,814
50$1,598,224$0$0$1,106,873
51$1,690,114$0$0$1,171,041
52$1,789,136$0$0$1,240,219
53$1,895,948$0$0$1,314,869
54$2,011,270$0$0$1,395,501
55$2,135,896$0$0$1,482,673
56$2,270,697$0$0$1,576,998
57$2,416,632$0$0$1,679,151
58$2,574,753$0$0$1,789,876
59$2,746,219$0$0$1,909,987
60$2,932,302$0$0$2,040,381
61$3,134,405$0$0$2,182,047
62$3,354,066$0$0$2,336,070
63$3,592,981$0$0$2,503,643
64$3,853,015$0$0$2,686,082
65$4,136,220$0$0$2,884,832
66$4,444,852$0$0$3,101,485
67$4,781,397$0$0$3,337,792
68$5,148,589$0$0$3,595,680
69$5,549,439$0$0$3,877,273
70$5,987,261$0$0$4,184,906
71$6,465,700$0$0$4,521,149
72$6,988,775$0$0$4,888,835
73$7,560,906$0$0$5,291,081
74$8,186,961$0$0$5,731,319
75$8,872,301$0$0$6,213,328
76$9,622,830$0$0$6,741,271
77$10,445,047$0$0$7,319,731
78$11,346,113$0$0$7,953,755
79$12,333,910$0$0$8,648,904
80$13,417,124$0$0$9,411,299
81$14,605,318$0$0$10,247,685
82$15,909,026$0$0$11,165,490
83$17,339,853$0$0$12,172,896
84$18,910,579$0$0$13,278,917
85$20,635,284$0$0$14,493,479
86$22,529,478$0$0$15,827,520
87$24,610,245$0$0$17,293,089
88$26,896,408$0$0$18,903,457
89$29,408,700$0$0$20,673,246
90$32,169,966$0$0$22,618,566
91$35,205,370$0$0$24,757,162
92$38,542,639$0$0$27,108,588
93$42,212,318$0$0$29,694,384
94$46,248,062$0$0$32,538,284
95$50,686,949$0$0$35,666,437
96$55,569,833$0$0$39,107,653
97$60,941,725$0$0$42,893,674
98$66,852,218$0$0$47,059,477
99$73,355,956$0$0$51,643,597
100$80,513,148$0$0$56,688,495