Can I retire at age 30 with 508,000?

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 $508,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$41,950$41,576$41,212$40,856$40,509$39,838
2 years$20,767$20,381$20,006$19,642$19,290$18,616
3 years$13,707$13,319$12,945$12,585$12,238$11,582
4 years$10,178$9,791$9,421$9,067$8,728$8,095
5 years$8,061$7,676$7,311$6,964$6,635$6,027
6 years$6,650$6,268$5,908$5,569$5,250$4,667
7 years$5,643$5,264$4,910$4,579$4,270$3,713
8 years$4,888$4,512$4,164$3,841$3,542$3,011
9 years$4,301$3,929$3,586$3,272$2,983$2,477
10 years$3,831$3,463$3,127$2,820$2,542$2,060
11 years$3,447$3,083$2,753$2,454$2,186$1,729
12 years$3,128$2,767$2,443$2,153$1,894$1,461
13 years$2,858$2,501$2,183$1,901$1,652$1,241
14 years$2,626$2,273$1,961$1,687$1,448$1,060
15 years$2,426$2,076$1,771$1,505$1,275$909
16 years$2,251$1,905$1,605$1,347$1,127$781
17 years$2,096$1,754$1,461$1,211$999$674
18 years$1,959$1,621$1,333$1,091$888$582
19 years$1,837$1,503$1,221$986$792$504
20 years$1,727$1,396$1,120$893$707$438
21 years$1,627$1,301$1,030$810$633$380
22 years$1,537$1,214$950$737$567$331
23 years$1,454$1,135$877$671$509$288
24 years$1,379$1,064$811$612$458$251
25 years$1,310$998$751$559$412$219
26 years$1,246$938$697$511$371$191
27 years$1,187$883$647$468$335$167
28 years$1,132$832$601$429$302$146
29 years$1,081$785$560$393$273$128
30 years$1,034$741$521$361$246$112
31 years$990$701$486$331$223$98
32 years$949$663$453$304$201$86
33 years$910$628$423$280$182$75
34 years$873$595$396$258$165$66
35 years$839$564$370$237$149$57
36 years$807$536$346$218$135$50
37 years$776$509$324$201$123$44
38 years$748$484$303$185$111$39
39 years$720$460$284$171$101$34
40 years$695$438$266$158$92$30
41 years$670$416$250$146$83$26
42 years$647$397$234$134$75$23
43 years$625$378$220$124$68$20
44 years$604$360$206$114$62$18
45 years$584$344$194$106$56$15
46 years$564$328$182$98$51$13
47 years$546$313$171$90$46$12
48 years$529$299$161$83$42$10
49 years$512$285$151$77$38$9
50 years$496$272$142$71$35$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $508,000, adding $3,326 every year, while hoping to spend $39,556 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: 62/32/6 Blend
29$508,000$508,000$508,000$508,000
30$563,247$536,323$528,449$597,357
31$578,611$520,515$504,065$604,720
32$594,216$502,608$477,538$607,833
33$610,045$482,455$448,755$610,209
34$626,079$459,904$417,597$611,776
35$642,293$434,793$383,940$612,456
36$658,660$406,951$347,655$612,163
37$675,148$376,196$308,606$610,809
38$691,721$342,338$266,653$608,295
39$708,337$305,173$221,646$604,515
40$724,949$264,489$173,433$599,355
41$741,503$220,058$121,852$592,694
42$757,938$171,642$66,736$584,399
43$774,184$118,989$7,908$574,328
44$790,164$61,832$0$562,326
45$805,789$0$0$551,740
46$820,962$0$0$539,686
47$835,572$0$0$548,999
48$849,494$0$0$557,821
49$862,590$0$0$566,057
50$874,704$0$0$573,601
51$885,665$0$0$580,332
52$895,279$0$0$586,120
53$903,330$0$0$590,815
54$909,579$0$0$594,254
55$913,761$0$0$596,254
56$915,578$0$0$596,612
57$914,702$0$0$595,101
58$910,767$0$0$591,472
59$903,368$0$0$585,447
60$892,055$0$0$576,716
61$876,329$0$0$564,940
62$855,637$0$0$549,737
63$829,367$0$0$530,691
64$796,842$0$0$507,335
65$757,309$0$0$479,156
66$709,938$0$0$445,585
67$653,811$0$0$405,993
68$587,909$0$0$359,684
69$511,109$0$0$305,887
70$422,166$0$0$243,754
71$319,708$0$0$172,343
72$202,215$0$0$90,615
73$68,010$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$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