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%18.5%
1 years$41,702$41,331$40,969$40,615$40,269$38,887
2 years$20,645$20,260$19,888$19,526$19,176$17,797
3 years$13,626$13,240$12,869$12,511$12,166$10,834
4 years$10,118$9,733$9,365$9,013$8,677$7,402
5 years$8,013$7,631$7,268$6,923$6,596$5,382
6 years$6,611$6,231$5,873$5,536$5,219$4,067
7 years$5,609$5,233$4,881$4,552$4,245$3,154
8 years$4,859$4,486$4,139$3,818$3,521$2,491
9 years$4,275$3,905$3,565$3,252$2,965$1,994
10 years$3,809$3,442$3,108$2,804$2,527$1,613
11 years$3,427$3,065$2,736$2,440$2,173$1,315
12 years$3,109$2,751$2,428$2,140$1,883$1,079
13 years$2,841$2,486$2,170$1,889$1,642$890
14 years$2,611$2,260$1,949$1,677$1,439$737
15 years$2,411$2,064$1,760$1,496$1,267$612
16 years$2,237$1,894$1,596$1,339$1,120$510
17 years$2,084$1,744$1,452$1,203$993$425
18 years$1,948$1,612$1,326$1,085$883$356
19 years$1,826$1,494$1,214$980$787$298
20 years$1,716$1,388$1,114$888$703$250
21 years$1,617$1,293$1,024$805$629$210
22 years$1,528$1,207$944$732$564$176
23 years$1,446$1,129$872$667$506$148
24 years$1,371$1,058$806$608$455$125
25 years$1,302$992$747$556$409$105
26 years$1,239$933$693$508$369$88
27 years$1,180$878$643$465$333$74
28 years$1,126$827$598$426$300$63
29 years$1,075$780$556$391$271$53
30 years$1,028$737$518$359$245$44
31 years$984$697$483$329$221$37
32 years$943$659$451$303$200$32
33 years$904$624$421$278$181$27
34 years$868$592$393$256$164$22
35 years$834$561$368$236$149$19
36 years$802$533$344$217$135$16
37 years$772$506$322$200$122$13
38 years$743$481$301$184$111$11
39 years$716$457$282$170$100$10
40 years$690$435$265$157$91$8
41 years$666$414$248$145$83$7
42 years$643$394$233$133$75$6
43 years$621$376$218$123$68$5
44 years$600$358$205$114$62$4
45 years$580$341$193$105$56$3
46 years$561$326$181$97$51$3
47 years$543$311$170$90$46$2
48 years$526$297$160$83$42$2
49 years$509$283$150$77$38$2
50 years$493$271$141$71$35$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $505,000, adding $6,202 every year, while hoping to spend $38,064 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: 62/33/5 Blend
29$505,000$505,000$505,000$505,000
30$562,907$536,142$528,315$596,979
31$579,824$521,914$505,514$606,236
32$597,191$505,712$480,673$611,313
33$615,013$487,400$453,684$615,863
34$633,295$466,834$424,433$619,833
35$652,042$443,860$392,803$623,168
36$671,257$418,316$358,669$625,807
37$690,942$390,030$321,901$627,686
38$711,099$358,822$282,365$628,736
39$731,726$324,500$239,920$628,883
40$752,823$286,860$194,417$628,049
41$774,384$245,690$145,704$626,148
42$796,406$200,763$93,619$623,091
43$818,879$151,840$37,995$618,781
44$841,793$98,669$0$613,115
45$865,136$40,984$0$607,121
46$888,890$0$0$601,780
47$913,035$0$0$602,751
48$937,548$0$0$618,835
49$962,400$0$0$635,130
50$987,557$0$0$651,613
51$1,012,981$0$0$668,255
52$1,038,625$0$0$685,024
53$1,064,438$0$0$701,886
54$1,090,361$0$0$718,798
55$1,116,323$0$0$735,712
56$1,142,249$0$0$752,575
57$1,168,049$0$0$769,325
58$1,193,623$0$0$785,893
59$1,218,858$0$0$802,201
60$1,243,627$0$0$818,161
61$1,267,787$0$0$833,675
62$1,291,176$0$0$848,630
63$1,313,614$0$0$862,904
64$1,334,899$0$0$876,357
65$1,354,805$0$0$888,833
66$1,373,080$0$0$900,159
67$1,389,441$0$0$910,141
68$1,403,575$0$0$918,563
69$1,415,131$0$0$925,186
70$1,423,720$0$0$929,741
71$1,428,909$0$0$931,932
72$1,430,217$0$0$931,428
73$1,427,107$0$0$927,862
74$1,418,988$0$0$920,828
75$1,405,199$0$0$909,874
76$1,385,010$0$0$894,498
77$1,357,612$0$0$874,147
78$1,322,105$0$0$848,204
79$1,277,496$0$0$815,990
80$1,222,684$0$0$776,749
81$1,156,450$0$0$729,649
82$1,077,446$0$0$673,764
83$984,178$0$0$608,075
84$874,998$0$0$531,451
85$748,080$0$0$442,645
86$601,406$0$0$340,275
87$432,749$0$0$222,816
88$239,643$0$0$88,584
89$19,367$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0