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%17.8%
1 years$41,950$41,576$41,212$40,856$40,509$39,228
2 years$20,767$20,381$20,006$19,642$19,290$18,011
3 years$13,707$13,319$12,945$12,585$12,238$11,001
4 years$10,178$9,791$9,421$9,067$8,728$7,543
5 years$8,061$7,676$7,311$6,964$6,635$5,505
6 years$6,650$6,268$5,908$5,569$5,250$4,176
7 years$5,643$5,264$4,910$4,579$4,270$3,251
8 years$4,888$4,512$4,164$3,841$3,542$2,578
9 years$4,301$3,929$3,586$3,272$2,983$2,073
10 years$3,831$3,463$3,127$2,820$2,542$1,684
11 years$3,447$3,083$2,753$2,454$2,186$1,379
12 years$3,128$2,767$2,443$2,153$1,894$1,137
13 years$2,858$2,501$2,183$1,901$1,652$942
14 years$2,626$2,273$1,961$1,687$1,448$784
15 years$2,426$2,076$1,771$1,505$1,275$654
16 years$2,251$1,905$1,605$1,347$1,127$548
17 years$2,096$1,754$1,461$1,211$999$459
18 years$1,959$1,621$1,333$1,091$888$386
19 years$1,837$1,503$1,221$986$792$325
20 years$1,727$1,396$1,120$893$707$274
21 years$1,627$1,301$1,030$810$633$231
22 years$1,537$1,214$950$737$567$195
23 years$1,454$1,135$877$671$509$165
24 years$1,379$1,064$811$612$458$140
25 years$1,310$998$751$559$412$118
26 years$1,246$938$697$511$371$100
27 years$1,187$883$647$468$335$85
28 years$1,132$832$601$429$302$72
29 years$1,081$785$560$393$273$61
30 years$1,034$741$521$361$246$52
31 years$990$701$486$331$223$44
32 years$949$663$453$304$201$37
33 years$910$628$423$280$182$31
34 years$873$595$396$258$165$27
35 years$839$564$370$237$149$23
36 years$807$536$346$218$135$19
37 years$776$509$324$201$123$16
38 years$748$484$303$185$111$14
39 years$720$460$284$171$101$12
40 years$695$438$266$158$92$10
41 years$670$416$250$146$83$8
42 years$647$397$234$134$75$7
43 years$625$378$220$124$68$6
44 years$604$360$206$114$62$5
45 years$584$344$194$106$56$4
46 years$564$328$182$98$51$4
47 years$546$313$171$90$46$3
48 years$529$299$161$83$42$3
49 years$512$285$151$77$38$2
50 years$496$272$142$71$35$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $508,000, adding $6,515 every year, while hoping to spend $23,124 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: 41/41/18 Blend
29$508,000$508,000$508,000$508,000
30$566,536$539,612$531,738$586,517
31$599,719$541,449$524,948$603,165
32$635,512$542,602$517,155$618,435
33$674,156$543,011$508,301$634,478
34$715,917$542,616$498,326$651,377
35$761,087$541,350$487,167$669,224
36$809,987$539,146$474,756$688,120
37$862,970$535,928$461,025$708,182
38$920,423$531,619$445,900$729,537
39$982,774$526,136$429,305$752,329
40$1,050,492$519,392$411,161$776,716
41$1,124,092$511,292$391,385$802,877
42$1,204,142$501,738$369,890$831,010
43$1,291,268$490,626$346,584$861,334
44$1,386,156$477,845$321,373$894,096
45$1,489,562$463,278$294,158$929,568
46$1,602,320$446,801$264,834$968,054
47$1,725,344$428,283$233,294$1,009,890
48$1,859,645$407,584$199,425$1,055,453
49$2,006,330$384,557$163,107$1,105,159
50$2,166,624$359,048$124,219$1,159,469
51$2,341,870$330,892$82,631$1,218,897
52$2,533,550$299,915$38,208$1,284,013
53$2,743,295$265,934$0$1,355,449
54$2,972,901$228,754$0$1,435,672
55$3,224,345$188,171$0$1,531,638
56$3,499,804$143,968$0$1,636,892
57$3,801,678$95,916$0$1,752,419
58$4,132,607$43,774$0$1,879,309
59$4,495,500$0$0$2,018,765
60$4,893,561$0$0$2,177,855
61$5,330,320$0$0$2,374,147
62$5,809,663$0$0$2,589,647
63$6,335,871$0$0$2,826,287
64$6,913,663$0$0$3,086,198
65$7,548,232$0$0$3,371,727
66$8,245,302$0$0$3,685,458
67$9,011,179$0$0$4,030,239
68$9,852,808$0$0$4,409,206
69$10,777,842$0$0$4,825,816
70$11,794,711$0$0$5,283,877
71$12,912,703$0$0$5,787,584
72$14,142,050$0$0$6,341,559
73$15,494,026$0$0$6,950,894
74$16,981,053$0$0$7,621,199
75$18,616,816$0$0$8,358,657
76$20,416,393$0$0$9,170,079
77$22,396,398$0$0$10,062,970
78$24,575,135$0$0$11,045,597
79$26,972,774$0$0$12,127,074
80$29,611,538$0$0$13,317,437
81$32,515,914$0$0$14,627,750
82$35,712,881$0$0$16,070,201
83$39,232,171$0$0$17,658,221
84$43,106,540$0$0$19,406,607
85$47,372,084$0$0$21,331,667
86$52,068,577$0$0$23,451,368
87$57,239,846$0$0$25,785,512
88$62,934,182$0$0$28,355,914
89$69,204,801$0$0$31,186,616
90$76,110,340$0$0$34,304,110
91$83,715,413$0$0$37,737,586
92$92,091,221$0$0$41,519,212
93$101,316,222$0$0$45,684,435
94$111,476,871$0$0$50,272,313
95$122,668,438$0$0$55,325,889
96$134,995,904$0$0$60,892,593
97$148,574,953$0$0$67,024,689
98$163,533,063$0$0$73,779,772
99$180,010,710$0$0$81,221,309
100$198,162,691$0$0$89,419,236