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%11.6%
1 years$41,785$41,413$41,050$40,695$40,349$40,078
2 years$20,686$20,300$19,927$19,565$19,214$18,940
3 years$13,653$13,267$12,894$12,535$12,190$11,923
4 years$10,138$9,752$9,384$9,031$8,694$8,435
5 years$8,029$7,646$7,282$6,937$6,609$6,359
6 years$6,624$6,243$5,885$5,547$5,230$4,989
7 years$5,621$5,243$4,890$4,561$4,253$4,022
8 years$4,868$4,494$4,147$3,826$3,528$3,306
9 years$4,284$3,913$3,572$3,259$2,971$2,759
10 years$3,816$3,449$3,114$2,809$2,532$2,328
11 years$3,434$3,071$2,742$2,445$2,177$1,983
12 years$3,115$2,756$2,433$2,144$1,887$1,702
13 years$2,846$2,491$2,174$1,893$1,645$1,469
14 years$2,616$2,264$1,953$1,681$1,442$1,274
15 years$2,416$2,068$1,764$1,499$1,270$1,110
16 years$2,242$1,898$1,599$1,342$1,122$971
17 years$2,088$1,748$1,455$1,206$995$851
18 years$1,951$1,615$1,328$1,087$885$749
19 years$1,829$1,497$1,216$982$789$660
20 years$1,720$1,391$1,116$889$704$583
21 years$1,621$1,295$1,026$807$630$515
22 years$1,531$1,209$946$734$565$456
23 years$1,449$1,131$873$668$507$405
24 years$1,374$1,060$808$610$456$360
25 years$1,305$994$748$557$410$320
26 years$1,241$935$694$509$370$284
27 years$1,182$880$644$466$333$253
28 years$1,128$829$599$427$301$226
29 years$1,077$782$557$391$271$201
30 years$1,030$738$519$359$245$179
31 years$986$698$484$330$222$160
32 years$945$660$452$303$201$143
33 years$906$625$422$279$182$128
34 years$870$593$394$257$164$114
35 years$836$562$368$236$149$102
36 years$804$534$345$218$135$91
37 years$773$507$323$200$122$82
38 years$745$482$302$185$111$73
39 years$717$458$283$170$101$65
40 years$692$436$265$157$91$58
41 years$667$415$249$145$83$52
42 years$644$395$233$134$75$47
43 years$622$376$219$123$68$42
44 years$601$359$205$114$62$37
45 years$581$342$193$105$56$34
46 years$562$326$181$97$51$30
47 years$544$312$170$90$46$27
48 years$527$297$160$83$42$24
49 years$510$284$150$77$38$22
50 years$494$271$141$71$35$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $506,000, adding $4,315 every year, while hoping to spend $24,595 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: 43/37/20 Blend
29$506,000$506,000$506,000$506,000
30$562,063$535,245$527,402$582,792
31$593,224$535,303$518,901$597,927
32$626,740$534,540$509,291$611,583
33$662,824$532,889$498,509$625,870
34$701,712$530,280$486,488$640,860
35$743,661$526,638$473,160$656,632
36$788,956$521,885$458,453$673,275
37$837,908$515,936$442,290$690,888
38$890,861$508,703$424,593$709,583
39$948,191$500,091$405,278$729,485
40$1,010,312$490,001$384,260$750,733
41$1,077,679$478,327$361,449$773,485
42$1,150,794$464,957$336,749$797,913
43$1,230,207$449,772$310,062$824,214
44$1,316,524$432,647$281,285$852,603
45$1,410,412$413,449$250,311$883,324
46$1,512,604$392,038$217,026$916,646
47$1,623,907$368,265$181,314$952,869
48$1,745,209$341,973$143,052$992,329
49$1,877,487$312,997$102,111$1,035,397
50$2,021,817$281,160$58,358$1,082,488
51$2,179,383$246,277$11,653$1,134,061
52$2,351,487$208,152$0$1,190,628
53$2,539,566$166,578$0$1,260,907
54$2,745,197$121,336$0$1,340,563
55$2,970,120$72,194$0$1,427,839
56$3,216,250$18,910$0$1,523,550
57$3,485,696$0$0$1,628,593
58$3,780,779$0$0$1,759,751
59$4,104,056$0$0$1,911,937
60$4,458,343$0$0$2,078,785
61$4,846,740$0$0$2,261,765
62$5,272,665$0$0$2,462,494
63$5,739,877$0$0$2,682,753
64$6,252,521$0$0$2,924,504
65$6,815,161$0$0$3,189,910
66$7,432,824$0$0$3,481,351
67$8,111,048$0$0$3,801,450
68$8,855,934$0$0$4,153,097
69$9,674,200$0$0$4,539,474
70$10,573,251$0$0$4,964,089
71$11,561,242$0$0$5,430,805
72$12,647,159$0$0$5,943,878
73$13,840,898$0$0$6,507,996
74$15,153,367$0$0$7,128,327
75$16,596,579$0$0$7,810,562
76$18,183,773$0$0$8,560,972
77$19,929,532$0$0$9,386,466
78$21,849,925$0$0$10,294,658
79$23,962,658$0$0$11,293,934
80$26,287,236$0$0$12,393,537
81$28,845,153$0$0$13,603,649
82$31,660,092$0$0$14,935,491
83$34,758,145$0$0$16,401,425
84$38,168,065$0$0$18,015,074
85$41,921,531$0$0$19,791,447
86$46,053,450$0$0$21,747,084
87$50,602,288$0$0$23,900,208
88$55,610,425$0$0$26,270,901
89$61,124,563$0$0$28,881,289
90$67,196,162$0$0$31,755,757
91$73,881,927$0$0$34,921,170
92$81,244,340$0$0$38,407,135
93$89,352,252$0$0$42,246,274
94$98,281,533$0$0$46,474,536
95$108,115,784$0$0$51,131,534
96$118,947,129$0$0$56,260,918
97$130,877,082$0$0$61,910,790
98$144,017,508$0$0$68,134,153
99$158,491,671$0$0$74,989,416
100$174,435,408$0$0$82,540,941