Can I retire at age 30 with 573,000?

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 $573,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$47,318$46,896$46,485$46,084$45,692$44,282
2 years$23,425$22,988$22,566$22,156$21,758$20,350
3 years$15,461$15,023$14,601$14,195$13,804$12,442
4 years$11,480$11,044$10,626$10,227$9,845$8,540
5 years$9,093$8,658$8,246$7,855$7,484$6,239
6 years$7,501$7,070$6,664$6,282$5,922$4,737
7 years$6,365$5,938$5,538$5,165$4,816$3,693
8 years$5,513$5,090$4,697$4,333$3,995$2,932
9 years$4,851$4,431$4,045$3,690$3,365$2,360
10 years$4,321$3,906$3,527$3,181$2,867$1,920
11 years$3,888$3,477$3,105$2,769$2,466$1,575
12 years$3,528$3,121$2,755$2,428$2,137$1,300
13 years$3,223$2,821$2,462$2,144$1,863$1,078
14 years$2,962$2,564$2,212$1,903$1,633$898
15 years$2,736$2,342$1,997$1,697$1,438$751
16 years$2,539$2,149$1,811$1,520$1,271$629
17 years$2,364$1,979$1,648$1,365$1,127$529
18 years$2,210$1,829$1,504$1,231$1,002$445
19 years$2,072$1,695$1,377$1,112$893$375
20 years$1,947$1,575$1,264$1,007$798$317
21 years$1,835$1,467$1,162$914$714$268
22 years$1,733$1,369$1,071$831$640$227
23 years$1,640$1,281$989$757$574$192
24 years$1,555$1,200$915$690$516$163
25 years$1,477$1,126$847$630$465$138
26 years$1,405$1,058$786$576$418$117
27 years$1,339$996$730$528$377$99
28 years$1,277$939$678$483$340$84
29 years$1,220$885$631$443$307$71
30 years$1,166$836$588$407$278$61
31 years$1,117$790$548$374$251$52
32 years$1,070$748$511$343$227$44
33 years$1,026$708$478$316$206$37
34 years$985$671$446$291$186$32
35 years$946$637$417$267$169$27
36 years$910$604$390$246$153$23
37 years$876$574$365$227$138$19
38 years$843$545$342$209$126$16
39 years$813$519$320$193$114$14
40 years$783$494$300$178$103$12
41 years$756$470$282$164$94$10
42 years$730$447$264$151$85$9
43 years$705$426$248$140$77$7
44 years$681$406$233$129$70$6
45 years$658$387$219$119$64$5
46 years$637$370$205$110$58$5
47 years$616$353$193$102$52$4
48 years$596$337$181$94$48$3
49 years$577$322$170$87$43$3
50 years$559$307$160$80$39$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $573,000, adding $3,372 every year, while hoping to spend $34,797 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: 76/15/9 Blend
29$573,000$573,000$573,000$573,000
30$634,924$604,555$595,674$681,989
31$662,663$597,155$578,605$706,028
32$692,064$588,225$559,798$727,601
33$723,262$577,655$539,159$750,252
34$756,401$565,327$516,587$774,076
35$791,640$551,114$491,978$799,177
36$829,153$534,884$465,226$825,669
37$869,131$516,498$436,215$853,679
38$911,781$495,805$404,827$883,348
39$957,333$472,650$370,939$914,830
40$1,006,037$446,865$334,421$948,298
41$1,058,166$418,276$295,138$983,940
42$1,114,023$386,695$252,949$1,021,968
43$1,173,936$351,926$207,705$1,062,611
44$1,238,269$313,761$159,255$1,106,128
45$1,307,418$271,981$107,435$1,152,801
46$1,381,820$226,353$52,080$1,202,944
47$1,461,953$176,633$0$1,256,903
48$1,548,345$122,560$0$1,315,733
49$1,641,573$63,863$0$1,384,567
50$1,742,272$250$0$1,458,885
51$1,851,140$0$0$1,539,222
52$1,968,944$0$0$1,637,492
53$2,096,527$0$0$1,743,982
54$2,234,816$0$0$1,859,427
55$2,384,831$0$0$1,984,680
56$2,547,692$0$0$2,120,681
57$2,724,632$0$0$2,268,460
58$2,917,009$0$0$2,429,155
59$3,126,313$0$0$2,604,014
60$3,354,187$0$0$2,794,412
61$3,602,438$0$0$3,001,860
62$3,873,053$0$0$3,228,025
63$4,168,220$0$0$3,474,738
64$4,490,348$0$0$3,744,016
65$4,842,088$0$0$4,038,078
66$5,226,357$0$0$4,359,367
67$5,646,369$0$0$4,710,575
68$6,105,660$0$0$5,094,661
69$6,608,125$0$0$5,514,889
70$7,158,052$0$0$5,974,847
71$7,760,161$0$0$6,478,491
72$8,419,654$0$0$7,030,174
73$9,142,255$0$0$7,634,691
74$9,934,271$0$0$8,297,323
75$10,802,647$0$0$9,023,887
76$11,755,033$0$0$9,820,787
77$12,799,853$0$0$10,695,080
78$13,946,388$0$0$11,654,536
79$15,204,859$0$0$12,707,717
80$16,586,527$0$0$13,864,052
81$18,103,794$0$0$15,133,927
82$19,770,323$0$0$16,528,785
83$21,601,167$0$0$18,061,232
84$23,612,906$0$0$19,745,153
85$25,823,808$0$0$21,595,847
86$28,253,997$0$0$23,630,168
87$30,925,644$0$0$25,866,683
88$33,863,177$0$0$28,325,848
89$37,093,505$0$0$31,030,203
90$40,646,280$0$0$34,004,579
91$44,554,170$0$0$37,276,333
92$48,853,166$0$0$40,875,610
93$53,582,925$0$0$44,835,621
94$58,787,142$0$0$49,192,961
95$64,513,960$0$0$53,987,948
96$70,816,425$0$0$59,265,010
97$77,752,986$0$0$65,073,096
98$85,388,045$0$0$71,466,142
99$93,792,563$0$0$78,503,581
100$103,044,733$0$0$86,250,897