Can I retire at age 30 with 568,000?

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 $568,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$46,905$46,487$46,079$45,682$45,293$44,857
2 years$23,220$22,788$22,369$21,962$21,568$21,129
3 years$15,326$14,892$14,474$14,071$13,684$13,255
4 years$11,380$10,947$10,533$10,138$9,759$9,345
5 years$9,013$8,583$8,174$7,787$7,419$7,019
6 years$7,436$7,008$6,606$6,227$5,870$5,486
7 years$6,309$5,886$5,490$5,120$4,774$4,405
8 years$5,465$5,045$4,656$4,295$3,961$3,607
9 years$4,808$4,393$4,010$3,658$3,335$2,998
10 years$4,284$3,872$3,496$3,153$2,842$2,519
11 years$3,855$3,447$3,078$2,744$2,444$2,137
12 years$3,497$3,094$2,731$2,407$2,118$1,825
13 years$3,195$2,796$2,440$2,125$1,847$1,568
14 years$2,936$2,541$2,193$1,887$1,619$1,354
15 years$2,712$2,322$1,980$1,682$1,426$1,175
16 years$2,516$2,130$1,795$1,506$1,260$1,022
17 years$2,344$1,962$1,633$1,354$1,117$892
18 years$2,191$1,813$1,491$1,220$993$780
19 years$2,054$1,680$1,365$1,102$885$684
20 years$1,930$1,561$1,253$998$791$601
21 years$1,819$1,454$1,152$906$708$529
22 years$1,718$1,357$1,062$824$634$466
23 years$1,626$1,270$981$750$569$411
24 years$1,542$1,189$907$684$512$363
25 years$1,464$1,116$840$625$461$321
26 years$1,393$1,049$779$571$415$284
27 years$1,327$987$723$523$374$252
28 years$1,266$930$672$479$337$223
29 years$1,209$878$626$439$305$198
30 years$1,156$829$583$403$275$175
31 years$1,107$784$543$370$249$156
32 years$1,061$741$507$340$225$138
33 years$1,017$702$473$313$204$123
34 years$976$665$442$288$185$109
35 years$938$631$414$265$167$97
36 years$902$599$387$244$151$86
37 years$868$569$362$225$137$77
38 years$836$541$339$207$124$68
39 years$805$514$318$191$113$60
40 years$777$489$298$176$102$54
41 years$749$466$279$163$93$48
42 years$723$443$262$150$84$43
43 years$698$423$246$139$76$38
44 years$675$403$231$128$69$34
45 years$652$384$217$118$63$30
46 years$631$366$203$109$57$27
47 years$611$350$191$101$52$24
48 years$591$334$180$93$47$21
49 years$572$319$169$86$43$19
50 years$555$304$159$80$39$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $568,000, adding $5,149 every year, while hoping to spend $28,511 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: 33/40/27 Blend
29$568,000$568,000$568,000$568,000
30$631,247$601,143$592,339$646,757
31$665,299$600,264$581,847$658,065
32$701,868$598,386$570,048$667,343
33$741,182$595,430$556,868$676,783
34$783,489$591,312$542,229$686,419
35$829,063$585,945$526,052$696,291
36$878,204$579,232$508,251$706,445
37$931,241$571,074$488,737$716,934
38$988,536$561,366$467,419$727,820
39$1,050,489$549,995$444,200$739,173
40$1,117,536$536,842$418,978$751,074
41$1,190,159$521,781$391,647$763,617
42$1,268,886$504,680$362,099$776,907
43$1,354,299$485,396$330,216$791,064
44$1,447,038$463,781$295,879$806,224
45$1,547,807$439,677$258,961$822,543
46$1,657,378$412,916$219,331$840,195
47$1,776,604$383,323$176,853$859,376
48$1,906,422$350,710$131,381$880,311
49$2,047,862$314,880$82,768$903,248
50$2,202,060$275,624$30,856$928,470
51$2,370,262$232,722$0$956,293
52$2,553,845$185,941$0$994,141
53$2,754,320$135,035$0$1,045,289
54$2,973,353$79,745$0$1,101,333
55$3,212,778$19,795$0$1,162,824
56$3,474,612$0$0$1,230,375
57$3,761,079$0$0$1,324,518
58$4,074,624$0$0$1,437,181
59$4,417,944$0$0$1,560,627
60$4,794,005$0$0$1,695,937
61$5,206,076$0$0$1,844,296
62$5,657,755$0$0$2,007,011
63$6,153,006$0$0$2,185,524
64$6,696,194$0$0$2,381,419
65$7,292,129$0$0$2,596,445
66$7,946,106$0$0$2,832,525
67$8,663,959$0$0$3,091,779
68$9,452,115$0$0$3,376,542
69$10,317,652$0$0$3,689,388
70$11,268,369$0$0$4,033,150
71$12,312,856$0$0$4,410,950
72$13,460,577$0$0$4,826,227
73$14,721,957$0$0$5,282,772
74$16,108,483$0$0$5,784,759
75$17,632,808$0$0$6,336,788
76$19,308,874$0$0$6,943,926
77$21,152,041$0$0$7,611,757
78$23,179,231$0$0$8,346,432
79$25,409,089$0$0$9,154,731
80$27,862,159$0$0$10,044,119
81$30,561,074$0$0$11,022,827
82$33,530,773$0$0$12,099,921
83$36,798,734$0$0$13,285,391
84$40,395,233$0$0$14,590,243
85$44,353,631$0$0$16,026,608
86$48,710,685$0$0$17,607,849
87$53,506,898$0$0$19,348,692
88$58,786,898$0$0$21,265,363
89$64,599,860$0$0$23,375,743
90$70,999,970$0$0$25,699,533
91$78,046,935$0$0$28,258,442
92$85,806,547$0$0$31,076,393
93$94,351,303$0$0$34,179,747
94$103,761,087$0$0$37,597,549
95$114,123,927$0$0$41,361,809
96$125,536,822$0$0$45,507,797
97$138,106,657$0$0$50,074,378
98$151,951,216$0$0$55,104,381
99$167,200,287$0$0$60,645,001
100$183,996,890$0$0$66,748,243