Can I retire at age 30 with 506,000?

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 $506,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$41,785$41,413$41,050$40,695$40,349$39,746
2 years$20,686$20,300$19,927$19,565$19,214$18,608
3 years$13,653$13,267$12,894$12,535$12,190$11,600
4 years$10,138$9,752$9,384$9,031$8,694$8,124
5 years$8,029$7,646$7,282$6,937$6,609$6,061
6 years$6,624$6,243$5,885$5,547$5,230$4,704
7 years$5,621$5,243$4,890$4,561$4,253$3,750
8 years$4,868$4,494$4,147$3,826$3,528$3,048
9 years$4,284$3,913$3,572$3,259$2,971$2,513
10 years$3,816$3,449$3,114$2,809$2,532$2,096
11 years$3,434$3,071$2,742$2,445$2,177$1,763
12 years$3,115$2,756$2,433$2,144$1,887$1,494
13 years$2,846$2,491$2,174$1,893$1,645$1,273
14 years$2,616$2,264$1,953$1,681$1,442$1,090
15 years$2,416$2,068$1,764$1,499$1,270$937
16 years$2,242$1,898$1,599$1,342$1,122$808
17 years$2,088$1,748$1,455$1,206$995$699
18 years$1,951$1,615$1,328$1,087$885$606
19 years$1,829$1,497$1,216$982$789$526
20 years$1,720$1,391$1,116$889$704$458
21 years$1,621$1,295$1,026$807$630$399
22 years$1,531$1,209$946$734$565$348
23 years$1,449$1,131$873$668$507$304
24 years$1,374$1,060$808$610$456$266
25 years$1,305$994$748$557$410$233
26 years$1,241$935$694$509$370$204
27 years$1,182$880$644$466$333$179
28 years$1,128$829$599$427$301$157
29 years$1,077$782$557$391$271$137
30 years$1,030$738$519$359$245$121
31 years$986$698$484$330$222$106
32 years$945$660$452$303$201$93
33 years$906$625$422$279$182$82
34 years$870$593$394$257$164$72
35 years$836$562$368$236$149$63
36 years$804$534$345$218$135$55
37 years$773$507$323$200$122$49
38 years$745$482$302$185$111$43
39 years$717$458$283$170$101$38
40 years$692$436$265$157$91$33
41 years$667$415$249$145$83$29
42 years$644$395$233$134$75$26
43 years$622$376$219$123$68$23
44 years$601$359$205$114$62$20
45 years$581$342$193$105$56$17
46 years$562$326$181$97$51$15
47 years$544$312$170$90$46$14
48 years$527$297$160$83$42$12
49 years$510$284$150$77$38$10
50 years$494$271$141$71$35$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $506,000, adding $6,329 every year, while hoping to spend $21,566 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: 79/8/13 Blend
29$506,000$506,000$506,000$506,000
30$564,140$537,322$529,479$606,780
31$598,737$540,705$524,271$639,101
32$636,139$543,531$518,165$671,144
33$676,611$545,749$511,109$705,682
34$720,441$547,308$503,048$742,957
35$767,950$548,149$493,923$783,232
36$819,486$548,213$483,675$826,799
37$875,434$547,437$472,239$873,980
38$936,219$545,751$459,549$925,129
39$1,002,305$543,085$445,536$980,636
40$1,074,206$539,362$430,127$1,040,931
41$1,152,486$534,502$413,247$1,106,488
42$1,237,764$528,417$394,816$1,177,830
43$1,330,724$521,017$374,750$1,255,533
44$1,432,117$512,207$352,963$1,340,231
45$1,542,771$501,882$329,365$1,432,623
46$1,663,595$489,936$303,861$1,533,480
47$1,795,593$476,254$276,351$1,643,652
48$1,939,867$460,714$246,733$1,764,076
49$2,097,632$443,188$214,897$1,895,785
50$2,270,227$423,541$180,732$2,039,915
51$2,459,123$401,627$144,120$2,197,722
52$2,665,942$377,296$104,937$2,370,588
53$2,892,471$350,386$63,055$2,560,037
54$3,140,675$320,727$18,340$2,767,750
55$3,412,722$288,140$0$2,995,577
56$3,710,995$252,435$0$3,249,636
57$4,038,123$213,411$0$3,531,081
58$4,397,000$170,856$0$3,839,866
59$4,790,811$124,545$0$4,178,748
60$5,223,069$74,243$0$4,550,764
61$5,697,641$19,700$0$4,959,258
62$6,218,786$0$0$5,407,918
63$6,791,198$0$0$5,904,269
64$7,420,045$0$0$6,451,479
65$8,111,024$0$0$7,052,771
66$8,870,407$0$0$7,713,606
67$9,705,108$0$0$8,440,003
68$10,622,740$0$0$9,238,589
69$11,631,694$0$0$10,116,670
70$12,741,212$0$0$11,082,290
71$13,961,478$0$0$12,144,316
72$15,303,713$0$0$13,312,515
73$16,780,277$0$0$14,597,649
74$18,404,792$0$0$16,011,575
75$20,192,265$0$0$17,567,358
76$22,159,231$0$0$19,279,393
77$24,323,908$0$0$21,163,540
78$26,706,373$0$0$23,237,277
79$29,328,744$0$0$25,519,859
80$32,215,394$0$0$28,032,504
81$35,393,179$0$0$30,798,592
82$38,891,690$0$0$33,843,885
83$42,743,533$0$0$37,196,768
84$46,984,639$0$0$40,888,520
85$51,654,598$0$0$44,953,609
86$56,797,034$0$0$49,430,012
87$62,460,019$0$0$54,359,578
88$68,696,524$0$0$59,788,424
89$75,564,918$0$0$65,767,362
90$83,129,521$0$0$72,352,389
91$91,461,209$0$0$79,605,206
92$100,638,081$0$0$87,593,807
93$110,746,201$0$0$96,393,114
94$121,880,405$0$0$106,085,689
95$134,145,198$0$0$116,762,512
96$147,655,739$0$0$128,523,838
97$162,538,928$0$0$141,480,143
98$178,934,605$0$0$155,753,167
99$196,996,868$0$0$171,477,064
100$216,895,526$0$0$188,799,667