Can I retire at age 30 with 502,000?

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 $502,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$41,455$41,085$40,725$40,374$40,030$39,351
2 years$20,522$20,140$19,770$19,410$19,062$18,380
3 years$13,546$13,162$12,792$12,436$12,094$11,430
4 years$10,058$9,675$9,309$8,960$8,625$7,985
5 years$7,966$7,585$7,224$6,882$6,557$5,941
6 years$6,572$6,194$5,838$5,504$5,188$4,599
7 years$5,576$5,202$4,852$4,525$4,219$3,656
8 years$4,830$4,459$4,115$3,796$3,500$2,963
9 years$4,250$3,882$3,544$3,233$2,948$2,436
10 years$3,786$3,422$3,090$2,787$2,512$2,025
11 years$3,407$3,046$2,720$2,425$2,160$1,698
12 years$3,091$2,734$2,414$2,127$1,872$1,434
13 years$2,824$2,471$2,157$1,878$1,632$1,218
14 years$2,595$2,246$1,938$1,667$1,431$1,039
15 years$2,397$2,052$1,750$1,487$1,260$890
16 years$2,224$1,883$1,586$1,331$1,114$765
17 years$2,071$1,734$1,443$1,196$987$659
18 years$1,936$1,602$1,318$1,078$878$569
19 years$1,815$1,485$1,206$974$782$493
20 years$1,706$1,380$1,107$882$699$427
21 years$1,608$1,285$1,018$801$625$371
22 years$1,519$1,200$939$728$561$322
23 years$1,437$1,122$867$663$503$281
24 years$1,363$1,051$801$605$452$244
25 years$1,294$987$742$552$407$213
26 years$1,231$927$688$505$367$186
27 years$1,173$873$639$462$331$162
28 years$1,119$822$594$423$298$142
29 years$1,069$776$553$388$269$124
30 years$1,022$733$515$356$243$108
31 years$978$693$480$327$220$95
32 years$937$655$448$301$199$83
33 years$899$621$418$277$180$72
34 years$863$588$391$255$163$63
35 years$829$558$365$234$148$55
36 years$797$529$342$216$134$48
37 years$767$503$320$199$121$42
38 years$739$478$300$183$110$37
39 years$712$454$281$169$100$33
40 years$686$432$263$156$90$29
41 years$662$412$247$144$82$25
42 years$639$392$231$133$74$22
43 years$617$373$217$122$68$19
44 years$596$356$204$113$61$17
45 years$577$339$191$104$56$15
46 years$558$324$180$96$51$13
47 years$540$309$169$89$46$11
48 years$522$295$159$82$42$10
49 years$506$282$149$76$38$9
50 years$490$269$140$70$34$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $502,000, adding $5,874 every year, while hoping to spend $28,859 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: 59/13/28 Blend
29$502,000$502,000$502,000$502,000
30$559,263$532,657$524,876$587,689
31$585,602$528,051$511,754$603,180
32$613,661$522,253$497,224$616,501
33$643,583$515,173$481,211$630,432
34$675,529$506,716$463,631$645,041
35$709,672$496,784$444,402$660,401
36$746,202$485,270$423,433$676,597
37$785,328$472,063$400,632$693,723
38$827,281$457,043$375,902$711,884
39$872,311$440,085$349,143$731,197
40$920,695$421,057$320,247$751,792
41$972,735$399,818$289,104$773,816
42$1,028,764$376,220$255,599$797,431
43$1,089,147$350,104$219,611$822,819
44$1,154,287$321,305$181,015$850,182
45$1,224,623$289,648$139,678$879,744
46$1,300,640$254,947$95,462$911,755
47$1,382,871$217,005$48,226$946,493
48$1,471,901$175,615$0$984,268
49$1,568,373$130,558$0$1,026,074
50$1,672,994$81,603$0$1,087,061
51$1,786,544$28,506$0$1,153,275
52$1,909,877$0$0$1,225,239
53$2,043,935$0$0$1,307,674
54$2,189,753$0$0$1,401,813
55$2,348,471$0$0$1,504,318
56$2,521,342$0$0$1,616,002
57$2,709,745$0$0$1,737,764
58$2,915,200$0$0$1,870,589
59$3,139,376$0$0$2,015,562
60$3,384,113$0$0$2,173,879
61$3,651,436$0$0$2,346,855
62$3,943,573$0$0$2,535,938
63$4,262,978$0$0$2,742,724
64$4,612,354$0$0$2,968,968
65$4,994,674$0$0$3,216,604
66$5,413,214$0$0$3,487,759
67$5,871,581$0$0$3,784,778
68$6,373,748$0$0$4,110,244
69$6,924,089$0$0$4,466,998
70$7,527,421$0$0$4,858,173
71$8,189,051$0$0$5,287,218
72$8,914,823$0$0$5,757,930
73$9,711,174$0$0$6,274,495
74$10,585,195$0$0$6,841,521
75$11,544,696$0$0$7,464,086
76$12,598,279$0$0$8,147,780
77$13,755,423$0$0$8,898,766
78$15,026,568$0$0$9,723,829
79$16,423,214$0$0$10,630,447
80$17,958,031$0$0$11,626,856
81$19,644,980$0$0$12,722,129
82$21,499,436$0$0$13,926,265
83$23,538,344$0$0$15,250,276
84$25,780,368$0$0$16,706,297
85$28,246,073$0$0$18,307,699
86$30,958,118$0$0$20,069,210
87$33,941,466$0$0$22,007,060
88$37,223,622$0$0$24,139,131
89$40,834,892$0$0$26,485,125
90$44,808,668$0$0$29,066,750
91$49,181,740$0$0$31,907,925
92$53,994,647$0$0$35,035,006
93$59,292,056$0$0$38,477,031
94$65,123,185$0$0$42,266,000
95$71,542,263$0$0$46,437,169
96$78,609,048$0$0$51,029,388
97$86,389,383$0$0$56,085,467
98$94,955,823$0$0$61,652,574
99$104,388,313$0$0$67,782,687
100$114,774,947$0$0$74,533,081