Can I retire at age 30 with 502,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%11.4%
1 years$41,455$41,085$40,725$40,374$40,030$39,795
2 years$20,522$20,140$19,770$19,410$19,062$18,824
3 years$13,546$13,162$12,792$12,436$12,094$11,861
4 years$10,058$9,675$9,309$8,960$8,625$8,400
5 years$7,966$7,585$7,224$6,882$6,557$6,339
6 years$6,572$6,194$5,838$5,504$5,188$4,979
7 years$5,576$5,202$4,852$4,525$4,219$4,018
8 years$4,830$4,459$4,115$3,796$3,500$3,307
9 years$4,250$3,882$3,544$3,233$2,948$2,762
10 years$3,786$3,422$3,090$2,787$2,512$2,334
11 years$3,407$3,046$2,720$2,425$2,160$1,991
12 years$3,091$2,734$2,414$2,127$1,872$1,710
13 years$2,824$2,471$2,157$1,878$1,632$1,478
14 years$2,595$2,246$1,938$1,667$1,431$1,284
15 years$2,397$2,052$1,750$1,487$1,260$1,120
16 years$2,224$1,883$1,586$1,331$1,114$981
17 years$2,071$1,734$1,443$1,196$987$861
18 years$1,936$1,602$1,318$1,078$878$758
19 years$1,815$1,485$1,206$974$782$669
20 years$1,706$1,380$1,107$882$699$592
21 years$1,608$1,285$1,018$801$625$524
22 years$1,519$1,200$939$728$561$465
23 years$1,437$1,122$867$663$503$413
24 years$1,363$1,051$801$605$452$368
25 years$1,294$987$742$552$407$327
26 years$1,231$927$688$505$367$292
27 years$1,173$873$639$462$331$260
28 years$1,119$822$594$423$298$232
29 years$1,069$776$553$388$269$207
30 years$1,022$733$515$356$243$185
31 years$978$693$480$327$220$166
32 years$937$655$448$301$199$148
33 years$899$621$418$277$180$132
34 years$863$588$391$255$163$119
35 years$829$558$365$234$148$106
36 years$797$529$342$216$134$95
37 years$767$503$320$199$121$85
38 years$739$478$300$183$110$76
39 years$712$454$281$169$100$68
40 years$686$432$263$156$90$61
41 years$662$412$247$144$82$55
42 years$639$392$231$133$74$49
43 years$617$373$217$122$68$44
44 years$596$356$204$113$61$40
45 years$577$339$191$104$56$36
46 years$558$324$180$96$51$32
47 years$540$309$169$89$46$29
48 years$522$295$159$82$42$26
49 years$506$282$149$76$38$23
50 years$490$269$140$70$34$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $502,000, adding $3,124 every year, while hoping to spend $30,009 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: 55/31/14 Blend
29$502,000$502,000$502,000$502,000
30$556,426$529,820$522,039$584,831
31$581,253$523,852$507,598$598,519
32$607,605$516,586$491,668$609,900
33$635,608$507,926$474,166$621,603
34$665,398$497,772$455,008$633,666
35$697,122$486,016$434,104$646,130
36$730,943$472,546$411,361$659,044
37$767,039$457,241$386,682$672,464
38$805,606$439,974$359,965$686,451
39$846,857$420,612$331,103$701,076
40$891,027$399,013$299,985$716,418
41$938,373$375,025$266,496$732,569
42$989,176$348,490$230,512$749,630
43$1,043,746$319,241$191,909$767,715
44$1,102,423$287,098$150,553$786,954
45$1,165,580$251,876$106,306$807,492
46$1,233,627$213,375$59,025$829,492
47$1,307,013$171,387$8,558$853,137
48$1,386,232$125,688$0$878,630
49$1,471,827$76,047$0$912,970
50$1,564,395$22,215$0$951,449
51$1,664,593$0$0$993,102
52$1,773,140$0$0$1,050,577
53$1,890,830$0$0$1,121,149
54$2,018,534$0$0$1,197,767
55$2,157,212$0$0$1,281,011
56$2,307,918$0$0$1,371,520
57$2,471,812$0$0$1,469,996
58$2,650,170$0$0$1,577,211
59$2,844,397$0$0$1,694,017
60$3,056,038$0$0$1,821,349
61$3,286,795$0$0$1,960,237
62$3,538,539$0$0$2,111,814
63$3,813,329$0$0$2,277,328
64$4,113,436$0$0$2,458,154
65$4,441,354$0$0$2,655,802
66$4,799,832$0$0$2,871,939
67$5,191,898$0$0$3,108,397
68$5,620,882$0$0$3,367,194
69$6,090,454$0$0$3,650,554
70$6,604,654$0$0$3,960,923
71$7,167,931$0$0$4,300,998
72$7,785,185$0$0$4,673,745
73$8,461,812$0$0$5,082,436
74$9,203,755$0$0$5,530,670
75$10,017,559$0$0$6,022,413
76$10,910,434$0$0$6,562,034
77$11,890,322$0$0$7,154,345
78$12,965,970$0$0$7,804,645
79$14,147,013$0$0$8,518,773
80$15,444,066$0$0$9,303,161
81$16,868,821$0$0$10,164,894
82$18,434,158$0$0$11,111,778
83$20,154,269$0$0$12,152,410
84$22,044,786$0$0$13,296,265
85$24,122,931$0$0$14,553,779
86$26,407,678$0$0$15,936,450
87$28,919,933$0$0$17,456,946
88$31,682,725$0$0$19,129,224
89$34,721,431$0$0$20,968,663
90$38,064,007$0$0$22,992,204
91$41,741,257$0$0$25,218,516
92$45,787,120$0$0$27,668,167
93$50,238,991$0$0$30,363,819
94$55,138,073$0$0$33,330,442
95$60,529,765$0$0$36,595,551
96$66,464,088$0$0$40,189,461
97$72,996,162$0$0$44,145,577
98$80,186,719$0$0$48,500,705
99$88,102,678$0$0$53,295,404
100$96,817,778$0$0$58,574,361