Can I retire at age 30 with 506,000?

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 $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%14.8%
1 years$41,785$41,413$41,050$40,695$40,349$39,551
2 years$20,686$20,300$19,927$19,565$19,214$18,413
3 years$13,653$13,267$12,894$12,535$12,190$11,411
4 years$10,138$9,752$9,384$9,031$8,694$7,944
5 years$8,029$7,646$7,282$6,937$6,609$5,889
6 years$6,624$6,243$5,885$5,547$5,230$4,541
7 years$5,621$5,243$4,890$4,561$4,253$3,596
8 years$4,868$4,494$4,147$3,826$3,528$2,902
9 years$4,284$3,913$3,572$3,259$2,971$2,376
10 years$3,816$3,449$3,114$2,809$2,532$1,967
11 years$3,434$3,071$2,742$2,445$2,177$1,642
12 years$3,115$2,756$2,433$2,144$1,887$1,381
13 years$2,846$2,491$2,174$1,893$1,645$1,167
14 years$2,616$2,264$1,953$1,681$1,442$991
15 years$2,416$2,068$1,764$1,499$1,270$845
16 years$2,242$1,898$1,599$1,342$1,122$723
17 years$2,088$1,748$1,455$1,206$995$620
18 years$1,951$1,615$1,328$1,087$885$532
19 years$1,829$1,497$1,216$982$789$458
20 years$1,720$1,391$1,116$889$704$395
21 years$1,621$1,295$1,026$807$630$341
22 years$1,531$1,209$946$734$565$295
23 years$1,449$1,131$873$668$507$255
24 years$1,374$1,060$808$610$456$221
25 years$1,305$994$748$557$410$192
26 years$1,241$935$694$509$370$166
27 years$1,182$880$644$466$333$144
28 years$1,128$829$599$427$301$125
29 years$1,077$782$557$391$271$109
30 years$1,030$738$519$359$245$95
31 years$986$698$484$330$222$82
32 years$945$660$452$303$201$72
33 years$906$625$422$279$182$62
34 years$870$593$394$257$164$54
35 years$836$562$368$236$149$47
36 years$804$534$345$218$135$41
37 years$773$507$323$200$122$36
38 years$745$482$302$185$111$31
39 years$717$458$283$170$101$27
40 years$692$436$265$157$91$24
41 years$667$415$249$145$83$20
42 years$644$395$233$134$75$18
43 years$622$376$219$123$68$16
44 years$601$359$205$114$62$14
45 years$581$342$193$105$56$12
46 years$562$326$181$97$51$10
47 years$544$312$170$90$46$9
48 years$527$297$160$83$42$8
49 years$510$284$150$77$38$7
50 years$494$271$141$71$35$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $506,000, adding $3,277 every year, while hoping to spend $29,278 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: 46/24/30 Blend
29$506,000$506,000$506,000$506,000
30$560,992$534,174$526,331$581,819
31$587,062$529,197$512,812$591,962
32$614,809$522,995$497,858$599,898
33$644,375$515,477$481,391$607,956
34$675,912$506,546$463,329$616,166
35$709,589$496,101$443,584$624,560
36$745,590$484,033$422,067$633,177
37$784,118$470,228$398,684$642,060
38$825,393$454,564$373,335$651,262
39$869,659$436,914$345,918$660,841
40$917,182$417,141$316,324$670,864
41$968,256$395,102$284,443$681,410
42$1,023,202$370,645$250,155$692,567
43$1,082,371$343,609$213,338$704,434
44$1,146,152$313,826$173,864$717,127
45$1,214,970$281,114$131,599$730,773
46$1,289,293$245,284$86,403$745,520
47$1,369,634$206,136$38,131$761,531
48$1,456,558$163,458$0$778,993
49$1,550,686$117,027$0$802,399
50$1,652,700$66,605$0$841,004
51$1,763,351$11,944$0$882,907
52$1,883,463$0$0$928,458
53$2,013,945$0$0$990,520
54$2,155,795$0$0$1,061,469
55$2,310,110$0$0$1,138,707
56$2,478,100$0$0$1,222,846
57$2,661,095$0$0$1,314,559
58$2,860,557$0$0$1,414,587
59$3,078,097$0$0$1,523,744
60$3,315,488$0$0$1,642,929
61$3,574,680$0$0$1,773,130
62$3,857,822$0$0$1,915,433
63$4,167,278$0$0$2,071,037
64$4,505,651$0$0$2,241,260
65$4,875,808$0$0$2,427,554
66$5,280,904$0$0$2,631,516
67$5,724,414$0$0$2,854,907
68$6,210,165$0$0$3,099,667
69$6,742,372$0$0$3,367,929
70$7,325,675$0$0$3,662,044
71$7,965,185$0$0$3,984,603
72$8,666,533$0$0$4,338,457
73$9,435,919$0$0$4,726,749
74$10,280,172$0$0$5,152,937
75$11,206,815$0$0$5,620,835
76$12,224,135$0$0$6,134,641
77$13,341,259$0$0$6,698,980
78$14,568,244$0$0$7,318,948
79$15,916,165$0$0$8,000,158
80$17,397,226$0$0$8,748,794
81$19,024,871$0$0$9,571,667
82$20,813,908$0$0$10,476,285
83$22,780,655$0$0$11,470,915
84$24,943,088$0$0$12,564,669
85$27,321,011$0$0$13,767,582
86$29,936,245$0$0$15,090,714
87$32,812,830$0$0$16,546,248
88$35,977,254$0$0$18,147,610
89$39,458,702$0$0$19,909,591
90$43,289,327$0$0$21,848,488
91$47,504,560$0$0$23,982,258
92$52,143,438$0$0$26,330,688
93$57,248,974$0$0$28,915,577
94$62,868,563$0$0$31,760,949
95$69,054,425$0$0$34,893,273
96$75,864,104$0$0$38,341,713
97$83,361,002$0$0$42,138,409
98$91,614,985$0$0$46,318,771
99$100,703,037$0$0$50,921,821
100$110,709,984$0$0$55,990,556