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%14.9%
1 years$41,455$41,085$40,725$40,374$40,030$39,222
2 years$20,522$20,140$19,770$19,410$19,062$18,251
3 years$13,546$13,162$12,792$12,436$12,094$11,306
4 years$10,058$9,675$9,309$8,960$8,625$7,866
5 years$7,966$7,585$7,224$6,882$6,557$5,829
6 years$6,572$6,194$5,838$5,504$5,188$4,492
7 years$5,576$5,202$4,852$4,525$4,219$3,555
8 years$4,830$4,459$4,115$3,796$3,500$2,868
9 years$4,250$3,882$3,544$3,233$2,948$2,347
10 years$3,786$3,422$3,090$2,787$2,512$1,941
11 years$3,407$3,046$2,720$2,425$2,160$1,620
12 years$3,091$2,734$2,414$2,127$1,872$1,361
13 years$2,824$2,471$2,157$1,878$1,632$1,150
14 years$2,595$2,246$1,938$1,667$1,431$976
15 years$2,397$2,052$1,750$1,487$1,260$831
16 years$2,224$1,883$1,586$1,331$1,114$710
17 years$2,071$1,734$1,443$1,196$987$609
18 years$1,936$1,602$1,318$1,078$878$523
19 years$1,815$1,485$1,206$974$782$450
20 years$1,706$1,380$1,107$882$699$387
21 years$1,608$1,285$1,018$801$625$334
22 years$1,519$1,200$939$728$561$289
23 years$1,437$1,122$867$663$503$250
24 years$1,363$1,051$801$605$452$216
25 years$1,294$987$742$552$407$187
26 years$1,231$927$688$505$367$162
27 years$1,173$873$639$462$331$141
28 years$1,119$822$594$423$298$122
29 years$1,069$776$553$388$269$106
30 years$1,022$733$515$356$243$92
31 years$978$693$480$327$220$80
32 years$937$655$448$301$199$69
33 years$899$621$418$277$180$60
34 years$863$588$391$255$163$52
35 years$829$558$365$234$148$46
36 years$797$529$342$216$134$40
37 years$767$503$320$199$121$34
38 years$739$478$300$183$110$30
39 years$712$454$281$169$100$26
40 years$686$432$263$156$90$23
41 years$662$412$247$144$82$20
42 years$639$392$231$133$74$17
43 years$617$373$217$122$68$15
44 years$596$356$204$113$61$13
45 years$577$339$191$104$56$11
46 years$558$324$180$96$51$10
47 years$540$309$169$89$46$9
48 years$522$295$159$82$42$7
49 years$506$282$149$76$38$6
50 years$490$269$140$70$34$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $502,000, adding $4,002 every year, while hoping to spend $44,223 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: 51/24/25 Blend
29$502,000$502,000$502,000$502,000
30$557,332$530,726$522,945$581,665
31$567,127$509,679$493,411$577,934
32$576,439$486,118$461,405$569,073
33$585,172$459,874$426,798$558,542
34$593,218$430,767$389,455$546,202
35$600,459$398,606$349,234$531,900
36$606,760$363,193$305,988$515,473
37$611,973$324,313$259,562$496,744
38$615,933$281,742$209,796$475,522
39$618,455$235,244$156,520$451,601
40$619,334$184,569$99,561$424,758
41$618,344$129,450$38,734$394,750
42$615,232$69,610$0$361,316
43$609,718$4,753$0$331,157
44$601,490$0$0$308,463
45$590,206$0$0$299,894
46$575,482$0$0$290,617
47$556,896$0$0$279,138
48$533,980$0$0$265,192
49$506,216$0$0$248,488
50$473,029$0$0$228,702
51$433,786$0$0$205,476
52$387,783$0$0$178,415
53$334,246$0$0$147,081
54$272,315$0$0$110,990
55$201,042$0$0$69,609
56$119,380$0$0$22,346
57$26,170$0$0$0
58$0$0$0$0
59$0$0$0$0
60$0$0$0$0
61$0$0$0$0
62$0$0$0$0
63$0$0$0$0
64$0$0$0$0
65$0$0$0$0
66$0$0$0$0
67$0$0$0$0
68$0$0$0$0
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