Can I retire at age 30 with 571,000?

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 $571,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$47,153$46,733$46,323$45,923$45,532$44,540
2 years$23,343$22,908$22,487$22,078$21,682$20,688
3 years$15,407$14,971$14,550$14,146$13,756$12,790
4 years$11,440$11,005$10,589$10,191$9,811$8,881
5 years$9,061$8,628$8,218$7,828$7,458$6,567
6 years$7,475$7,046$6,641$6,260$5,901$5,050
7 years$6,343$5,917$5,519$5,147$4,799$3,988
8 years$5,494$5,072$4,680$4,317$3,982$3,209
9 years$4,834$4,416$4,031$3,677$3,353$2,620
10 years$4,306$3,892$3,514$3,170$2,857$2,162
11 years$3,875$3,465$3,094$2,759$2,457$1,799
12 years$3,516$3,110$2,746$2,420$2,129$1,508
13 years$3,212$2,811$2,453$2,136$1,857$1,270
14 years$2,952$2,555$2,204$1,896$1,628$1,075
15 years$2,727$2,334$1,990$1,691$1,433$913
16 years$2,530$2,141$1,804$1,514$1,267$778
17 years$2,356$1,972$1,642$1,361$1,123$665
18 years$2,202$1,822$1,499$1,226$999$569
19 years$2,064$1,689$1,372$1,108$890$488
20 years$1,941$1,569$1,259$1,004$795$420
21 years$1,829$1,462$1,158$911$711$361
22 years$1,727$1,365$1,068$828$638$311
23 years$1,635$1,276$986$754$572$268
24 years$1,550$1,196$912$688$515$231
25 years$1,472$1,122$844$628$463$200
26 years$1,400$1,055$783$574$417$172
27 years$1,334$993$727$526$376$149
28 years$1,273$935$676$482$339$129
29 years$1,216$882$629$442$306$112
30 years$1,162$833$586$405$277$97
31 years$1,113$788$546$372$250$84
32 years$1,066$745$510$342$226$72
33 years$1,023$706$476$315$205$63
34 years$982$669$445$290$185$54
35 years$943$635$416$267$168$47
36 years$907$602$389$245$152$41
37 years$873$572$364$226$138$35
38 years$840$544$341$208$125$31
39 years$810$517$319$192$113$27
40 years$781$492$299$177$103$23
41 years$753$468$281$164$93$20
42 years$727$446$263$151$85$17
43 years$702$425$247$139$77$15
44 years$678$405$232$129$70$13
45 years$656$386$218$119$63$11
46 years$634$368$205$110$58$10
47 years$614$352$192$101$52$8
48 years$594$336$181$94$47$7
49 years$575$320$170$87$43$6
50 years$557$306$160$80$39$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $571,000, adding $6,825 every year, while hoping to spend $45,654 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: 83/7/10 Blend
29$571,000$571,000$571,000$571,000
30$636,282$606,019$597,168$687,555
31$652,607$587,138$568,598$703,234
32$669,068$565,803$537,541$713,653
33$685,628$541,843$503,864$723,705
34$702,251$515,081$467,432$733,327
35$718,889$485,329$428,099$742,449
36$735,492$452,386$385,717$750,994
37$752,002$416,043$340,128$758,878
38$768,353$376,076$291,169$766,008
39$784,470$332,249$238,669$772,279
40$800,270$284,313$182,449$777,580
41$815,659$232,006$122,322$781,786
42$830,532$175,050$58,095$784,760
43$844,769$113,150$0$786,351
44$858,238$45,997$0$787,508
45$870,791$0$0$793,622
46$882,263$0$0$800,370
47$892,468$0$0$809,496
48$901,201$0$0$817,269
49$908,232$0$0$823,479
50$913,306$0$0$827,892
51$916,140$0$0$830,248
52$916,417$0$0$830,259
53$913,788$0$0$827,604
54$907,863$0$0$821,926
55$898,212$0$0$812,832
56$884,355$0$0$799,883
57$865,762$0$0$782,593
58$841,845$0$0$760,425
59$811,954$0$0$732,783
60$775,368$0$0$699,008
61$731,288$0$0$658,369
62$678,833$0$0$610,059
63$617,025$0$0$553,185
64$544,785$0$0$486,757
65$460,918$0$0$409,684
66$364,105$0$0$320,758
67$252,886$0$0$218,644
68$125,650$0$0$101,867
69$0$0$0$0
70$0$0$0$0
71$0$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0