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%12.7%
1 years$41,290$40,922$40,563$40,213$39,871$39,422
2 years$20,440$20,060$19,691$19,333$18,986$18,534
3 years$13,492$13,109$12,741$12,387$12,046$11,604
4 years$10,018$9,637$9,272$8,924$8,591$8,164
5 years$7,934$7,555$7,196$6,855$6,531$6,120
6 years$6,545$6,169$5,815$5,482$5,168$4,773
7 years$5,554$5,181$4,832$4,507$4,203$3,824
8 years$4,811$4,441$4,098$3,781$3,486$3,124
9 years$4,233$3,867$3,530$3,220$2,936$2,590
10 years$3,771$3,408$3,077$2,776$2,502$2,172
11 years$3,393$3,034$2,709$2,416$2,152$1,837
12 years$3,079$2,723$2,404$2,119$1,864$1,565
13 years$2,813$2,461$2,148$1,871$1,626$1,342
14 years$2,585$2,237$1,930$1,661$1,425$1,156
15 years$2,388$2,044$1,743$1,481$1,255$999
16 years$2,215$1,875$1,580$1,326$1,109$867
17 years$2,063$1,727$1,438$1,191$983$755
18 years$1,928$1,596$1,312$1,074$874$659
19 years$1,808$1,479$1,202$970$779$576
20 years$1,699$1,374$1,103$879$696$504
21 years$1,601$1,280$1,014$798$623$443
22 years$1,512$1,195$935$725$558$389
23 years$1,431$1,118$863$660$501$342
24 years$1,357$1,047$798$602$451$301
25 years$1,289$983$739$550$405$265
26 years$1,226$923$686$503$365$234
27 years$1,168$869$637$460$329$207
28 years$1,114$819$592$422$297$182
29 years$1,064$773$551$387$268$161
30 years$1,018$730$513$355$242$143
31 years$974$690$478$326$219$126
32 years$934$653$446$300$198$112
33 years$895$618$417$276$179$99
34 years$860$586$389$254$162$87
35 years$826$556$364$233$147$77
36 years$794$527$341$215$133$69
37 years$764$501$319$198$121$61
38 years$736$476$298$183$110$54
39 years$709$453$280$168$99$48
40 years$684$431$262$155$90$42
41 years$659$410$246$143$82$37
42 years$637$390$231$132$74$33
43 years$615$372$216$122$67$29
44 years$594$355$203$113$61$26
45 years$574$338$191$104$55$23
46 years$555$323$179$96$50$21
47 years$538$308$168$89$46$18
48 years$520$294$158$82$42$16
49 years$504$281$149$76$38$14
50 years$488$268$140$70$34$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $500,000, adding $4,068 every year, while hoping to spend $24,677 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: 44/50/6 Blend
29$500,000$500,000$500,000$500,000
30$555,196$528,696$520,946$578,509
31$585,570$528,346$512,142$594,681
32$618,215$527,152$502,215$609,327
33$653,337$525,046$491,103$624,624
34$691,161$521,957$478,739$640,640
35$731,935$517,809$465,052$657,451
36$775,932$512,521$449,971$675,143
37$823,451$506,008$433,419$693,810
38$874,820$498,181$415,316$713,561
39$930,402$488,941$395,580$734,515
40$990,593$478,190$374,122$756,806
41$1,055,830$465,818$350,851$780,585
42$1,126,594$451,711$325,674$806,017
43$1,203,412$435,751$298,489$833,291
44$1,286,866$417,808$269,194$862,614
45$1,377,594$397,749$237,680$894,219
46$1,476,300$375,429$203,834$928,365
47$1,583,756$350,700$167,536$965,341
48$1,700,815$323,399$128,664$1,005,468
49$1,828,412$293,360$87,089$1,049,104
50$1,967,579$260,404$42,675$1,096,647
51$2,119,450$224,342$0$1,148,539
52$2,285,275$184,975$0$1,205,575
53$2,466,426$142,092$0$1,270,935
54$2,664,419$95,472$0$1,342,501
55$2,880,920$44,880$0$1,420,958
56$3,117,762$0$0$1,507,066
57$3,376,967$0$0$1,607,131
58$3,660,757$0$0$1,743,781
59$3,971,584$0$0$1,893,510
60$4,312,144$0$0$2,057,626
61$4,685,409$0$0$2,237,567
62$5,094,649$0$0$2,434,919
63$5,543,468$0$0$2,651,428
64$6,035,836$0$0$2,889,018
65$6,576,124$0$0$3,149,807
66$7,169,147$0$0$3,436,129
67$7,820,209$0$0$3,750,555
68$8,535,154$0$0$4,095,916
69$9,320,417$0$0$4,475,333
70$10,183,090$0$0$4,892,241
71$11,130,983$0$0$5,350,427
72$12,172,702$0$0$5,854,063
73$13,317,726$0$0$6,407,743
74$14,576,500$0$0$7,016,530
75$15,960,530$0$0$7,686,002
76$17,482,495$0$0$8,422,304
77$19,156,360$0$0$9,232,208
78$20,997,515$0$0$10,123,173
79$23,022,915$0$0$11,103,418
80$25,251,240$0$0$12,182,001
81$27,703,075$0$0$13,368,899
82$30,401,097$0$0$14,675,108
83$33,370,296$0$0$16,112,741
84$36,638,203$0$0$17,695,146
85$40,235,157$0$0$19,437,033
86$44,194,587$0$0$21,354,607
87$48,553,324$0$0$23,465,726
88$53,351,956$0$0$25,790,067
89$58,635,203$0$0$28,349,312
90$64,452,344$0$0$31,167,353
91$70,857,678$0$0$34,270,516
92$77,911,039$0$0$37,687,811
93$85,678,358$0$0$41,451,203
94$94,232,286$0$0$45,595,917
95$103,652,879$0$0$50,160,768
96$114,028,352$0$0$55,188,527
97$125,455,915$0$0$60,726,325
98$138,042,684$0$0$66,826,098
99$151,906,697$0$0$73,545,078
100$167,178,024$0$0$80,946,329