Can I retire at age 30 with 504,000?

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 $504,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$41,620$41,249$40,887$40,534$40,190$39,853
2 years$20,604$20,220$19,848$19,488$19,138$18,799
3 years$13,599$13,214$12,843$12,486$12,142$11,810
4 years$10,098$9,714$9,347$8,995$8,660$8,339
5 years$7,998$7,616$7,253$6,909$6,583$6,273
6 years$6,598$6,219$5,862$5,525$5,209$4,911
7 years$5,598$5,223$4,871$4,543$4,236$3,950
8 years$4,849$4,477$4,131$3,811$3,514$3,240
9 years$4,267$3,898$3,558$3,246$2,960$2,697
10 years$3,801$3,436$3,102$2,798$2,522$2,271
11 years$3,420$3,059$2,731$2,435$2,169$1,929
12 years$3,103$2,745$2,424$2,136$1,879$1,651
13 years$2,835$2,481$2,165$1,886$1,639$1,422
14 years$2,605$2,255$1,946$1,674$1,437$1,230
15 years$2,407$2,060$1,757$1,493$1,265$1,069
16 years$2,233$1,890$1,593$1,337$1,118$932
17 years$2,080$1,741$1,449$1,201$991$815
18 years$1,944$1,608$1,323$1,082$881$715
19 years$1,822$1,491$1,211$978$786$628
20 years$1,713$1,385$1,112$886$702$553
21 years$1,614$1,290$1,022$804$628$488
22 years$1,525$1,204$942$731$563$431
23 years$1,443$1,126$870$666$505$381
24 years$1,368$1,055$805$607$454$337
25 years$1,299$990$745$554$409$299
26 years$1,236$931$691$507$368$265
27 years$1,178$876$642$464$332$235
28 years$1,123$826$597$425$299$209
29 years$1,073$779$555$390$270$186
30 years$1,026$735$517$358$244$165
31 years$982$695$482$329$221$147
32 years$941$658$450$302$200$131
33 years$903$623$420$278$181$116
34 years$866$590$392$256$164$104
35 years$832$560$367$235$148$92
36 years$800$532$343$217$134$82
37 years$770$505$321$200$122$73
38 years$742$480$301$184$110$65
39 years$715$456$282$170$100$58
40 years$689$434$264$156$91$52
41 years$665$413$248$144$82$46
42 years$642$394$232$133$75$41
43 years$620$375$218$123$68$37
44 years$599$357$205$114$62$33
45 years$579$341$192$105$56$29
46 years$560$325$181$97$51$26
47 years$542$310$170$89$46$23
48 years$524$296$159$83$42$21
49 years$508$283$150$76$38$19
50 years$492$270$141$71$35$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $504,000, adding $4,377 every year, while hoping to spend $31,395 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: 56/30/14 Blend
29$504,000$504,000$504,000$504,000
30$559,923$533,211$525,399$589,016
31$583,631$525,934$509,596$601,971
32$608,705$517,249$492,211$612,276
33$635,251$507,052$473,158$622,776
34$663,386$495,237$452,348$633,495
35$693,235$481,687$429,686$644,461
36$724,938$466,283$405,073$655,707
37$758,646$448,894$378,407$667,273
38$794,524$429,387$349,580$679,201
39$832,755$407,616$318,480$691,543
40$873,536$383,430$284,990$704,356
41$917,087$356,668$248,987$717,707
42$963,645$327,159$210,343$731,671
43$1,013,471$294,725$168,924$746,333
44$1,066,853$259,175$124,591$761,791
45$1,124,106$220,308$77,198$778,154
46$1,185,574$177,912$26,594$795,548
47$1,251,636$131,763$0$814,111
48$1,322,708$81,625$0$838,098
49$1,399,247$27,247$0$868,098
50$1,481,754$0$0$900,359
51$1,570,779$0$0$945,577
52$1,666,929$0$0$1,004,164
53$1,770,868$0$0$1,067,534
54$1,883,327$0$0$1,136,138
55$2,005,109$0$0$1,210,470
56$2,137,098$0$0$1,291,075
57$2,280,265$0$0$1,378,551
58$2,435,679$0$0$1,473,558
59$2,604,514$0$0$1,576,818
60$2,788,062$0$0$1,689,130
61$2,987,746$0$0$1,811,368
62$3,205,129$0$0$1,944,498
63$3,441,934$0$0$2,089,582
64$3,700,054$0$0$2,247,786
65$3,981,574$0$0$2,420,396
66$4,288,789$0$0$2,608,828
67$4,624,224$0$0$2,814,639
68$4,990,659$0$0$3,039,543
69$5,391,157$0$0$3,285,429
70$5,829,085$0$0$3,554,374
71$6,308,156$0$0$3,848,668
72$6,832,453$0$0$4,170,829
73$7,406,476$0$0$4,523,633
74$8,035,178$0$0$4,910,136
75$8,724,015$0$0$5,333,702
76$9,478,995$0$0$5,798,039
77$10,306,735$0$0$6,307,227
78$11,214,521$0$0$6,865,762
79$12,210,382$0$0$7,478,597
80$13,303,158$0$0$8,151,185
81$14,502,587$0$0$8,889,536
82$15,819,397$0$0$9,700,266
83$17,265,404$0$0$10,590,667
84$18,853,626$0$0$11,568,769
85$20,598,402$0$0$12,643,420
86$22,515,528$0$0$13,824,367
87$24,622,408$0$0$15,122,347
88$26,938,214$0$0$16,549,189
89$29,484,069$0$0$18,117,927
90$32,283,242$0$0$19,842,918
91$35,361,373$0$0$21,739,984
92$38,746,709$0$0$23,826,552
93$42,470,370$0$0$26,121,826
94$46,566,648$0$0$28,646,965
95$51,073,321$0$0$31,425,280
96$56,032,016$0$0$34,482,458
97$61,488,598$0$0$37,846,799
98$67,493,603$0$0$41,549,488
99$74,102,714$0$0$45,624,884
100$81,377,284$0$0$50,110,847