Can I retire at age 30 with 505,000?

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 $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%15.6%
1 years$41,702$41,331$40,969$40,615$40,269$39,344
2 years$20,645$20,260$19,888$19,526$19,176$18,249
3 years$13,626$13,240$12,869$12,511$12,166$11,266
4 years$10,118$9,733$9,365$9,013$8,677$7,811
5 years$8,013$7,631$7,268$6,923$6,596$5,766
6 years$6,611$6,231$5,873$5,536$5,219$4,427
7 years$5,609$5,233$4,881$4,552$4,245$3,490
8 years$4,859$4,486$4,139$3,818$3,521$2,804
9 years$4,275$3,905$3,565$3,252$2,965$2,285
10 years$3,809$3,442$3,108$2,804$2,527$1,882
11 years$3,427$3,065$2,736$2,440$2,173$1,563
12 years$3,109$2,751$2,428$2,140$1,883$1,307
13 years$2,841$2,486$2,170$1,889$1,642$1,099
14 years$2,611$2,260$1,949$1,677$1,439$928
15 years$2,411$2,064$1,760$1,496$1,267$787
16 years$2,237$1,894$1,596$1,339$1,120$669
17 years$2,084$1,744$1,452$1,203$993$571
18 years$1,948$1,612$1,326$1,085$883$487
19 years$1,826$1,494$1,214$980$787$417
20 years$1,716$1,388$1,114$888$703$358
21 years$1,617$1,293$1,024$805$629$307
22 years$1,528$1,207$944$732$564$264
23 years$1,446$1,129$872$667$506$227
24 years$1,371$1,058$806$608$455$195
25 years$1,302$992$747$556$409$168
26 years$1,239$933$693$508$369$145
27 years$1,180$878$643$465$333$125
28 years$1,126$827$598$426$300$108
29 years$1,075$780$556$391$271$93
30 years$1,028$737$518$359$245$80
31 years$984$697$483$329$221$69
32 years$943$659$451$303$200$60
33 years$904$624$421$278$181$52
34 years$868$592$393$256$164$45
35 years$834$561$368$236$149$39
36 years$802$533$344$217$135$33
37 years$772$506$322$200$122$29
38 years$743$481$301$184$111$25
39 years$716$457$282$170$100$22
40 years$690$435$265$157$91$19
41 years$666$414$248$145$83$16
42 years$643$394$233$133$75$14
43 years$621$376$218$123$68$12
44 years$600$358$205$114$62$10
45 years$580$341$193$105$56$9
46 years$561$326$181$97$51$8
47 years$543$311$170$90$46$7
48 years$526$297$160$83$42$6
49 years$509$283$150$77$38$5
50 years$493$271$141$71$35$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $505,000, adding $6,349 every year, while hoping to spend $22,650 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: 62/20/18 Blend
29$505,000$505,000$505,000$505,000
30$563,059$536,294$528,466$595,012
31$596,392$538,473$522,071$619,477
32$632,365$540,000$514,702$643,064
33$671,225$540,818$506,302$668,286
34$713,240$540,869$496,814$695,302
35$758,708$540,089$486,175$724,291
36$807,955$538,411$474,320$755,449
37$861,338$535,765$461,181$788,993
38$919,251$532,075$446,688$825,164
39$982,129$527,261$430,766$864,227
40$1,050,447$521,238$413,338$906,476
41$1,124,731$513,916$394,323$952,235
42$1,205,556$505,200$373,635$1,001,862
43$1,293,557$494,990$351,186$1,055,755
44$1,389,433$483,178$326,884$1,114,349
45$1,493,952$469,650$300,632$1,178,129
46$1,607,961$454,289$272,329$1,247,629
47$1,732,389$436,965$241,868$1,323,438
48$1,868,263$417,546$209,140$1,406,208
49$2,016,709$395,889$174,030$1,496,659
50$2,178,970$371,845$136,417$1,595,585
51$2,356,413$345,253$96,175$1,703,865
52$2,550,544$315,947$53,174$1,822,466
53$2,763,020$283,750$7,276$1,952,460
54$2,995,667$248,472$0$2,095,028
55$3,250,495$209,917$0$2,259,483
56$3,529,717$167,874$0$2,441,267
57$3,835,772$122,123$0$2,640,601
58$4,171,343$72,431$0$2,859,269
59$4,539,389$18,549$0$3,099,241
60$4,943,167$0$0$3,362,687
61$5,386,264$0$0$3,660,755
62$5,872,632$0$0$3,992,452
63$6,406,625$0$0$4,356,668
64$6,993,036$0$0$4,756,679
65$7,637,149$0$0$5,196,093
66$8,344,782$0$0$5,678,886
67$9,122,346$0$0$6,209,437
68$9,976,904$0$0$6,792,571
69$10,916,234$0$0$7,433,601
70$11,948,909$0$0$8,138,385
71$13,084,373$0$0$8,913,373
72$14,333,029$0$0$9,765,673
73$15,706,341$0$0$10,703,117
74$17,216,938$0$0$11,734,333
75$18,878,735$0$0$12,868,827
76$20,707,064$0$0$14,117,073
77$22,718,817$0$0$15,490,612
78$24,932,608$0$0$17,002,161
79$27,368,944$0$0$18,665,730
80$30,050,422$0$0$20,496,758
81$33,001,942$0$0$22,512,255
82$36,250,937$0$0$24,730,965
83$39,827,638$0$0$27,173,541
84$43,765,355$0$0$29,862,740
85$48,100,790$0$0$32,823,639
86$52,874,388$0$0$36,083,868
87$58,130,713$0$0$39,673,876
88$63,918,873$0$0$43,627,212
89$70,292,977$0$0$47,980,847
90$77,312,654$0$0$52,775,518
91$85,043,605$0$0$58,056,114
92$93,558,233$0$0$63,872,103
93$102,936,319$0$0$70,277,992
94$113,265,777$0$0$77,333,846
95$124,643,483$0$0$85,105,853
96$137,176,190$0$0$93,666,949
97$150,981,534$0$0$103,097,507
98$166,189,144$0$0$113,486,092
99$182,941,866$0$0$124,930,302
100$201,397,111$0$0$137,537,682