Can I retire at age 30 with 504,000?

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 $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%11.4%
1 years$41,620$41,249$40,887$40,534$40,190$39,953
2 years$20,604$20,220$19,848$19,488$19,138$18,899
3 years$13,599$13,214$12,843$12,486$12,142$11,909
4 years$10,098$9,714$9,347$8,995$8,660$8,433
5 years$7,998$7,616$7,253$6,909$6,583$6,364
6 years$6,598$6,219$5,862$5,525$5,209$4,998
7 years$5,598$5,223$4,871$4,543$4,236$4,034
8 years$4,849$4,477$4,131$3,811$3,514$3,320
9 years$4,267$3,898$3,558$3,246$2,960$2,773
10 years$3,801$3,436$3,102$2,798$2,522$2,344
11 years$3,420$3,059$2,731$2,435$2,169$1,999
12 years$3,103$2,745$2,424$2,136$1,879$1,717
13 years$2,835$2,481$2,165$1,886$1,639$1,484
14 years$2,605$2,255$1,946$1,674$1,437$1,289
15 years$2,407$2,060$1,757$1,493$1,265$1,125
16 years$2,233$1,890$1,593$1,337$1,118$985
17 years$2,080$1,741$1,449$1,201$991$865
18 years$1,944$1,608$1,323$1,082$881$761
19 years$1,822$1,491$1,211$978$786$672
20 years$1,713$1,385$1,112$886$702$594
21 years$1,614$1,290$1,022$804$628$526
22 years$1,525$1,204$942$731$563$467
23 years$1,443$1,126$870$666$505$415
24 years$1,368$1,055$805$607$454$369
25 years$1,299$990$745$554$409$329
26 years$1,236$931$691$507$368$293
27 years$1,178$876$642$464$332$261
28 years$1,123$826$597$425$299$233
29 years$1,073$779$555$390$270$208
30 years$1,026$735$517$358$244$186
31 years$982$695$482$329$221$166
32 years$941$658$450$302$200$149
33 years$903$623$420$278$181$133
34 years$866$590$392$256$164$119
35 years$832$560$367$235$148$107
36 years$800$532$343$217$134$95
37 years$770$505$321$200$122$85
38 years$742$480$301$184$110$77
39 years$715$456$282$170$100$69
40 years$689$434$264$156$91$61
41 years$665$413$248$144$82$55
42 years$642$394$232$133$75$49
43 years$620$375$218$123$68$44
44 years$599$357$205$114$62$40
45 years$579$341$192$105$56$36
46 years$560$325$181$97$51$32
47 years$542$310$170$89$46$29
48 years$524$296$159$83$42$26
49 years$508$283$150$76$38$23
50 years$492$270$141$71$35$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $504,000, adding $3,759 every year, while hoping to spend $20,460 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: 68/13/19 Blend
29$504,000$504,000$504,000$504,000
30$559,285$532,573$524,761$594,460
31$594,563$536,900$520,572$622,768
32$632,754$540,753$515,556$650,983
33$674,132$544,088$509,665$681,347
34$719,002$546,856$502,846$714,069
35$767,695$549,008$495,047$749,381
36$820,579$550,488$486,210$787,541
37$878,057$551,240$476,277$828,830
38$940,571$551,204$465,184$873,560
39$1,008,610$550,313$452,869$922,076
40$1,082,710$548,500$439,261$974,756
41$1,163,461$545,691$424,291$1,032,020
42$1,251,514$541,810$407,885$1,094,329
43$1,347,584$536,774$389,965$1,162,194
44$1,452,458$530,497$370,449$1,236,176
45$1,567,003$522,886$349,253$1,316,895
46$1,692,173$513,843$326,289$1,405,037
47$1,829,018$503,265$301,464$1,501,356
48$1,978,695$491,042$274,680$1,606,684
49$2,142,478$477,059$245,838$1,721,941
50$2,321,768$461,192$214,830$1,848,140
51$2,518,109$443,311$181,548$1,986,398
52$2,733,203$423,280$145,876$2,137,948
53$2,968,920$400,951$107,694$2,304,151
54$3,227,324$376,172$66,876$2,486,505
55$3,510,686$348,779$23,291$2,686,666
56$3,821,507$318,600$0$2,906,457
57$4,162,543$285,454$0$3,152,599
58$4,536,828$249,147$0$3,427,947
59$4,947,707$209,478$0$3,730,252
60$5,398,861$166,230$0$4,062,244
61$5,894,347$119,178$0$4,426,933
62$6,438,634$68,081$0$4,827,633
63$7,036,645$12,687$0$5,267,999
64$7,693,803$0$0$5,752,059
65$8,416,082$0$0$6,291,013
66$9,210,066$0$0$6,885,500
67$10,083,006$0$0$7,539,137
68$11,042,891$0$0$8,257,912
69$12,098,524$0$0$9,048,420
70$13,259,604$0$0$9,917,928
71$14,536,815$0$0$10,874,442
72$15,941,931$0$0$11,926,786
73$17,487,923$0$0$13,084,677
74$19,189,083$0$0$14,358,826
75$21,061,159$0$0$15,761,033
76$23,121,504$0$0$17,304,300
77$25,389,234$0$0$19,002,953
78$27,885,417$0$0$20,872,777
79$30,633,266$0$0$22,931,166
80$33,658,356$0$0$25,197,286
81$36,988,870$0$0$27,692,255
82$40,655,865$0$0$30,439,343
83$44,693,558$0$0$33,464,193
84$49,139,655$0$0$36,795,058
85$54,035,706$0$0$40,463,074
86$59,427,494$0$0$44,502,547
87$65,365,469$0$0$48,951,282
88$71,905,224$0$0$53,850,936
89$79,108,016$0$0$59,247,414
90$87,041,350$0$0$65,191,298
91$95,779,609$0$0$71,738,329
92$105,404,763$0$0$78,949,929
93$116,007,134$0$0$86,893,782
94$127,686,257$0$0$95,644,474
95$140,551,811$0$0$105,284,193
96$154,724,661$0$0$115,903,509
97$170,337,994$0$0$127,602,225
98$187,538,576$0$0$140,490,323
99$206,488,140$0$0$154,688,995
100$227,364,909$0$0$170,331,795