Can I retire at age 30 with 505,000?

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 $505,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$41,702$41,331$40,969$40,615$40,269$39,408
2 years$20,645$20,260$19,888$19,526$19,176$18,312
3 years$13,626$13,240$12,869$12,511$12,166$11,327
4 years$10,118$9,733$9,365$9,013$8,677$7,869
5 years$8,013$7,631$7,268$6,923$6,596$5,822
6 years$6,611$6,231$5,873$5,536$5,219$4,479
7 years$5,609$5,233$4,881$4,552$4,245$3,539
8 years$4,859$4,486$4,139$3,818$3,521$2,850
9 years$4,275$3,905$3,565$3,252$2,965$2,328
10 years$3,809$3,442$3,108$2,804$2,527$1,922
11 years$3,427$3,065$2,736$2,440$2,173$1,601
12 years$3,109$2,751$2,428$2,140$1,883$1,342
13 years$2,841$2,486$2,170$1,889$1,642$1,132
14 years$2,611$2,260$1,949$1,677$1,439$958
15 years$2,411$2,064$1,760$1,496$1,267$815
16 years$2,237$1,894$1,596$1,339$1,120$695
17 years$2,084$1,744$1,452$1,203$993$594
18 years$1,948$1,612$1,326$1,085$883$509
19 years$1,826$1,494$1,214$980$787$437
20 years$1,716$1,388$1,114$888$703$376
21 years$1,617$1,293$1,024$805$629$323
22 years$1,528$1,207$944$732$564$279
23 years$1,446$1,129$872$667$506$241
24 years$1,371$1,058$806$608$455$208
25 years$1,302$992$747$556$409$179
26 years$1,239$933$693$508$369$155
27 years$1,180$878$643$465$333$134
28 years$1,126$827$598$426$300$116
29 years$1,075$780$556$391$271$101
30 years$1,028$737$518$359$245$87
31 years$984$697$483$329$221$75
32 years$943$659$451$303$200$65
33 years$904$624$421$278$181$57
34 years$868$592$393$256$164$49
35 years$834$561$368$236$149$43
36 years$802$533$344$217$135$37
37 years$772$506$322$200$122$32
38 years$743$481$301$184$111$28
39 years$716$457$282$170$100$24
40 years$690$435$265$157$91$21
41 years$666$414$248$145$83$18
42 years$643$394$233$133$75$16
43 years$621$376$218$123$68$14
44 years$600$358$205$114$62$12
45 years$580$341$193$105$56$10
46 years$561$326$181$97$51$9
47 years$543$311$170$90$46$8
48 years$526$297$160$83$42$7
49 years$509$283$150$77$38$6
50 years$493$271$141$71$35$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $505,000, adding $5,479 every year, while hoping to spend $29,952 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: 46/49/5 Blend
29$505,000$505,000$505,000$505,000
30$562,162$535,397$527,569$587,022
31$587,633$529,762$513,374$599,029
32$614,699$522,848$497,699$608,458
33$643,491$514,560$480,464$617,977
34$674,151$504,797$461,584$627,603
35$706,836$493,454$440,969$637,356
36$741,719$480,419$418,527$647,262
37$778,988$465,573$394,161$657,349
38$818,849$448,790$367,770$667,653
39$861,528$429,938$339,247$678,214
40$907,275$408,875$308,482$689,081
41$956,360$385,453$275,360$700,309
42$1,009,083$359,515$239,758$711,963
43$1,065,772$330,894$201,553$724,116
44$1,126,787$299,413$160,611$736,854
45$1,192,522$264,888$116,795$750,276
46$1,263,413$227,122$69,961$764,492
47$1,339,937$185,906$19,960$779,630
48$1,422,617$141,022$0$795,836
49$1,512,030$92,238$0$815,055
50$1,608,808$39,309$0$836,945
51$1,713,648$0$0$860,659
52$1,827,316$0$0$896,163
53$1,950,651$0$0$957,735
54$2,084,582$0$0$1,024,648
55$2,230,124$0$0$1,097,416
56$2,388,398$0$0$1,176,607
57$2,560,637$0$0$1,262,843
58$2,748,195$0$0$1,356,811
59$2,952,566$0$0$1,459,267
60$3,175,389$0$0$1,571,042
61$3,418,474$0$0$1,693,049
62$3,683,807$0$0$1,826,297
63$3,973,579$0$0$1,971,893
64$4,290,199$0$0$2,131,059
65$4,636,321$0$0$2,305,138
66$5,014,866$0$0$2,495,609
67$5,429,050$0$0$2,704,101
68$5,882,415$0$0$2,932,409
69$6,378,860$0$0$3,182,508
70$6,922,681$0$0$3,456,573
71$7,518,607$0$0$3,757,001
72$8,171,846$0$0$4,086,429
73$8,888,135$0$0$4,447,765
74$9,673,793$0$0$4,844,210
75$10,535,779$0$0$5,279,289
76$11,481,757$0$0$5,756,888
77$12,520,173$0$0$6,281,283
78$13,660,326$0$0$6,857,187
79$14,912,462$0$0$7,489,794
80$16,287,867$0$0$8,184,821
81$17,798,976$0$0$8,948,570
82$19,459,485$0$0$9,787,981
83$21,284,483$0$0$10,710,702
84$23,290,595$0$0$11,725,157
85$25,496,137$0$0$12,840,629
86$27,921,285$0$0$14,067,343
87$30,588,272$0$0$15,416,567
88$33,521,590$0$0$16,900,713
89$36,748,226$0$0$18,533,460
90$40,297,913$0$0$20,329,877
91$44,203,411$0$0$22,306,567
92$48,500,817$0$0$24,481,825
93$53,229,900$0$0$26,875,809
94$58,434,482$0$0$29,510,730
95$64,162,849$0$0$32,411,061
96$70,468,203$0$0$35,603,769
97$77,409,166$0$0$39,118,566
98$85,050,334$0$0$42,988,193
99$93,462,882$0$0$47,248,728
100$102,725,238$0$0$51,939,923