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%13.5%
1 years$41,620$41,249$40,887$40,534$40,190$39,605
2 years$20,604$20,220$19,848$19,488$19,138$18,551
3 years$13,599$13,214$12,843$12,486$12,142$11,570
4 years$10,098$9,714$9,347$8,995$8,660$8,107
5 years$7,998$7,616$7,253$6,909$6,583$6,051
6 years$6,598$6,219$5,862$5,525$5,209$4,699
7 years$5,598$5,223$4,871$4,543$4,236$3,748
8 years$4,849$4,477$4,131$3,811$3,514$3,048
9 years$4,267$3,898$3,558$3,246$2,960$2,515
10 years$3,801$3,436$3,102$2,798$2,522$2,099
11 years$3,420$3,059$2,731$2,435$2,169$1,766
12 years$3,103$2,745$2,424$2,136$1,879$1,498
13 years$2,835$2,481$2,165$1,886$1,639$1,277
14 years$2,605$2,255$1,946$1,674$1,437$1,094
15 years$2,407$2,060$1,757$1,493$1,265$941
16 years$2,233$1,890$1,593$1,337$1,118$812
17 years$2,080$1,741$1,449$1,201$991$703
18 years$1,944$1,608$1,323$1,082$881$610
19 years$1,822$1,491$1,211$978$786$530
20 years$1,713$1,385$1,112$886$702$461
21 years$1,614$1,290$1,022$804$628$402
22 years$1,525$1,204$942$731$563$351
23 years$1,443$1,126$870$666$505$307
24 years$1,368$1,055$805$607$454$269
25 years$1,299$990$745$554$409$235
26 years$1,236$931$691$507$368$206
27 years$1,178$876$642$464$332$181
28 years$1,123$826$597$425$299$159
29 years$1,073$779$555$390$270$139
30 years$1,026$735$517$358$244$122
31 years$982$695$482$329$221$108
32 years$941$658$450$302$200$95
33 years$903$623$420$278$181$83
34 years$866$590$392$256$164$73
35 years$832$560$367$235$148$64
36 years$800$532$343$217$134$57
37 years$770$505$321$200$122$50
38 years$742$480$301$184$110$44
39 years$715$456$282$170$100$39
40 years$689$434$264$156$91$34
41 years$665$413$248$144$82$30
42 years$642$394$232$133$75$26
43 years$620$375$218$123$68$23
44 years$599$357$205$114$62$20
45 years$579$341$192$105$56$18
46 years$560$325$181$97$51$16
47 years$542$310$170$89$46$14
48 years$524$296$159$83$42$12
49 years$508$283$150$76$38$11
50 years$492$270$141$71$35$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $504,000, adding $2,633 every year, while hoping to spend $36,976 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: 46/33/21 Blend
29$504,000$504,000$504,000$504,000
30$558,124$531,412$523,600$580,332
31$575,710$518,109$501,798$582,860
32$593,851$502,915$478,027$581,724
33$612,564$485,698$452,181$579,730
34$631,868$466,319$424,151$576,815
35$651,780$444,630$393,822$572,914
36$672,320$420,475$361,073$567,955
37$693,508$393,690$325,781$561,866
38$715,364$364,099$287,813$554,566
39$737,910$331,519$247,033$545,974
40$761,168$295,754$203,300$536,003
41$785,159$256,599$156,463$524,560
42$809,908$213,834$106,367$511,548
43$835,438$167,232$52,849$496,864
44$861,774$116,547$0$480,400
45$888,942$61,525$0$462,998
46$916,967$1,893$0$456,281
47$945,878$0$0$448,309
48$975,702$0$0$461,736
49$1,006,469$0$0$476,297
50$1,038,207$0$0$491,318
51$1,070,950$0$0$506,815
52$1,104,727$0$0$522,801
53$1,139,573$0$0$539,293
54$1,175,522$0$0$556,307
55$1,212,608$0$0$573,860
56$1,250,868$0$0$591,968
57$1,290,340$0$0$610,651
58$1,331,062$0$0$629,925
59$1,373,075$0$0$649,810
60$1,416,420$0$0$670,326
61$1,461,140$0$0$691,494
62$1,507,279$0$0$713,333
63$1,554,882$0$0$735,866
64$1,603,998$0$0$759,115
65$1,654,675$0$0$783,104
66$1,706,964$0$0$807,856
67$1,760,917$0$0$833,397
68$1,816,588$0$0$859,751
69$1,874,033$0$0$886,946
70$1,933,311$0$0$915,010
71$1,994,481$0$0$943,970
72$2,057,605$0$0$973,856
73$2,122,748$0$0$1,004,699
74$2,189,977$0$0$1,036,531
75$2,259,361$0$0$1,069,384
76$2,330,970$0$0$1,103,292
77$2,404,881$0$0$1,138,292
78$2,481,168$0$0$1,174,418
79$2,559,914$0$0$1,211,711
80$2,641,200$0$0$1,250,209
81$2,725,112$0$0$1,289,953
82$2,811,741$0$0$1,330,985
83$2,901,179$0$0$1,373,351
84$2,993,523$0$0$1,417,097
85$3,088,873$0$0$1,462,270
86$3,187,334$0$0$1,508,920
87$3,289,015$0$0$1,557,100
88$3,394,030$0$0$1,606,864
89$3,502,496$0$0$1,658,268
90$3,614,538$0$0$1,711,372
91$3,730,284$0$0$1,766,237
92$3,849,869$0$0$1,822,929
93$3,973,432$0$0$1,881,513
94$4,101,122$0$0$1,942,062
95$4,233,092$0$0$2,004,648
96$4,369,502$0$0$2,069,350
97$4,510,523$0$0$2,136,248
98$4,656,331$0$0$2,205,429
99$4,807,111$0$0$2,276,982
100$4,963,060$0$0$2,351,000