Can I retire at age 30 with 500,000?

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 $500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$41,290$40,922$40,563$40,213$39,871$38,812
2 years$20,440$20,060$19,691$19,333$18,986$17,927
3 years$13,492$13,109$12,741$12,387$12,046$11,019
4 years$10,018$9,637$9,272$8,924$8,591$7,605
5 years$7,934$7,555$7,196$6,855$6,531$5,588
6 years$6,545$6,169$5,815$5,482$5,168$4,269
7 years$5,554$5,181$4,832$4,507$4,203$3,348
8 years$4,811$4,441$4,098$3,781$3,486$2,676
9 years$4,233$3,867$3,530$3,220$2,936$2,169
10 years$3,771$3,408$3,077$2,776$2,502$1,776
11 years$3,393$3,034$2,709$2,416$2,152$1,467
12 years$3,079$2,723$2,404$2,119$1,864$1,220
13 years$2,813$2,461$2,148$1,871$1,626$1,019
14 years$2,585$2,237$1,930$1,661$1,425$856
15 years$2,388$2,044$1,743$1,481$1,255$721
16 years$2,215$1,875$1,580$1,326$1,109$609
17 years$2,063$1,727$1,438$1,191$983$516
18 years$1,928$1,596$1,312$1,074$874$438
19 years$1,808$1,479$1,202$970$779$372
20 years$1,699$1,374$1,103$879$696$317
21 years$1,601$1,280$1,014$798$623$270
22 years$1,512$1,195$935$725$558$230
23 years$1,431$1,118$863$660$501$197
24 years$1,357$1,047$798$602$451$168
25 years$1,289$983$739$550$405$144
26 years$1,226$923$686$503$365$123
27 years$1,168$869$637$460$329$105
28 years$1,114$819$592$422$297$90
29 years$1,064$773$551$387$268$77
30 years$1,018$730$513$355$242$66
31 years$974$690$478$326$219$57
32 years$934$653$446$300$198$49
33 years$895$618$417$276$179$42
34 years$860$586$389$254$162$36
35 years$826$556$364$233$147$31
36 years$794$527$341$215$133$26
37 years$764$501$319$198$121$23
38 years$736$476$298$183$110$19
39 years$709$453$280$168$99$17
40 years$684$431$262$155$90$14
41 years$659$410$246$143$82$12
42 years$637$390$231$132$74$11
43 years$615$372$216$122$67$9
44 years$594$355$203$113$61$8
45 years$574$338$191$104$55$7
46 years$555$323$179$96$50$6
47 years$538$308$168$89$46$5
48 years$520$294$158$82$42$4
49 years$504$281$149$76$38$4
50 years$488$268$140$70$34$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $500,000, adding $5,859 every year, while hoping to spend $25,498 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: 62/11/27 Blend
29$500,000$500,000$500,000$500,000
30$557,044$530,544$522,794$587,227
31$586,732$529,411$513,177$607,275
32$618,595$527,367$502,385$625,863
33$652,826$524,343$490,349$645,612
34$689,639$520,260$477,000$666,639
35$729,269$515,040$462,267$689,075
36$771,974$508,597$446,073$713,066
37$818,037$500,840$428,338$738,771
38$867,769$491,673$408,979$766,371
39$921,512$480,996$387,911$796,061
40$979,642$468,700$365,041$828,062
41$1,042,571$454,671$340,275$862,616
42$1,110,753$438,790$313,515$899,992
43$1,184,688$420,929$284,655$940,486
44$1,264,924$400,953$253,590$984,430
45$1,352,066$378,719$220,204$1,032,186
46$1,446,777$354,077$184,381$1,084,159
47$1,549,787$326,866$145,997$1,140,795
48$1,661,901$296,918$104,924$1,202,587
49$1,784,003$264,054$61,026$1,270,083
50$1,917,065$228,087$14,165$1,343,886
51$2,062,160$188,817$0$1,424,664
52$2,220,465$146,034$0$1,523,483
53$2,393,278$99,515$0$1,635,858
54$2,582,027$49,026$0$1,758,652
55$2,788,284$0$0$1,892,912
56$3,013,781$0$0$2,040,476
57$3,260,423$0$0$2,208,404
58$3,530,309$0$0$2,392,194
59$3,825,748$0$0$2,593,425
60$4,149,286$0$0$2,813,834
61$4,503,723$0$0$3,055,334
62$4,892,147$0$0$3,320,034
63$5,317,954$0$0$3,610,255
64$5,784,889$0$0$3,928,553
65$6,297,072$0$0$4,277,744
66$6,859,046$0$0$4,660,930
67$7,475,810$0$0$5,081,526
68$8,152,874$0$0$5,543,296
69$8,896,306$0$0$6,050,386
70$9,712,791$0$0$6,607,362
71$10,609,694$0$0$7,219,254
72$11,595,125$0$0$7,891,605
73$12,678,023$0$0$8,630,518
74$13,868,233$0$0$9,442,721
75$15,176,601$0$0$10,335,623
76$16,615,077$0$0$11,317,388
77$18,196,828$0$0$12,397,011
78$19,936,358$0$0$13,584,400
79$21,849,649$0$0$14,890,474
80$23,954,309$0$0$16,327,262
81$26,269,738$0$0$17,908,019
82$28,817,311$0$0$19,647,347
83$31,620,581$0$0$21,561,336
84$34,705,498$0$0$23,667,717
85$38,100,654$0$0$25,986,022
86$41,837,554$0$0$28,537,777
87$45,950,913$0$0$31,346,699
88$50,478,982$0$0$34,438,919
89$55,463,908$0$0$37,843,234
90$60,952,132$0$0$41,591,372
91$66,994,828$0$0$45,718,297
92$73,648,386$0$0$50,262,533
93$80,974,939$0$0$55,266,532
94$89,042,954$0$0$60,777,071
95$97,927,877$0$0$66,845,696
96$107,712,842$0$0$73,529,205
97$118,489,458$0$0$80,890,188
98$130,358,671$0$0$88,997,612
99$143,431,717$0$0$97,927,478
100$157,831,172$0$0$107,763,531