Can I retire at age 30 with 509,000?

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 $509,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$42,033$41,658$41,293$40,937$40,588$40,198
2 years$20,808$20,421$20,045$19,681$19,328$18,935
3 years$13,734$13,345$12,971$12,610$12,262$11,878
4 years$10,198$9,810$9,439$9,085$8,746$8,374
5 years$8,077$7,691$7,325$6,978$6,648$6,290
6 years$6,663$6,280$5,920$5,580$5,261$4,916
7 years$5,654$5,274$4,919$4,588$4,278$3,948
8 years$4,897$4,521$4,172$3,849$3,549$3,233
9 years$4,309$3,936$3,593$3,278$2,989$2,686
10 years$3,839$3,470$3,133$2,826$2,547$2,258
11 years$3,454$3,089$2,758$2,459$2,190$1,915
12 years$3,134$2,772$2,448$2,157$1,898$1,636
13 years$2,863$2,505$2,187$1,904$1,655$1,405
14 years$2,631$2,277$1,965$1,691$1,451$1,214
15 years$2,431$2,080$1,774$1,508$1,277$1,053
16 years$2,255$1,909$1,608$1,350$1,129$916
17 years$2,100$1,758$1,464$1,213$1,001$799
18 years$1,963$1,624$1,336$1,093$890$699
19 years$1,840$1,505$1,223$988$793$613
20 years$1,730$1,399$1,123$895$709$539
21 years$1,630$1,303$1,033$812$634$474
22 years$1,540$1,216$952$738$568$418
23 years$1,457$1,138$879$672$510$369
24 years$1,382$1,066$813$613$459$326
25 years$1,312$1,000$753$560$413$288
26 years$1,248$940$698$512$372$255
27 years$1,189$885$648$469$335$226
28 years$1,134$834$603$429$302$200
29 years$1,084$787$561$394$273$177
30 years$1,036$743$522$361$247$157
31 years$992$702$487$332$223$139
32 years$950$664$454$305$202$124
33 years$912$629$424$280$183$110
34 years$875$596$396$258$165$98
35 years$841$566$371$238$150$87
36 years$808$537$347$219$136$77
37 years$778$510$324$202$123$69
38 years$749$485$304$186$111$61
39 years$722$461$285$171$101$54
40 years$696$438$267$158$92$48
41 years$671$417$250$146$83$43
42 years$648$397$235$135$75$38
43 years$626$379$220$124$69$34
44 years$605$361$207$115$62$30
45 years$585$344$194$106$56$27
46 years$565$328$182$98$51$24
47 years$547$313$171$90$47$21
48 years$530$299$161$84$42$19
49 years$513$286$151$77$38$17
50 years$497$273$142$71$35$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $509,000, adding $5,320 every year, while hoping to spend $25,611 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: 52/18/30 Blend
29$509,000$509,000$509,000$509,000
30$566,406$539,429$531,539$590,837
31$596,929$538,611$522,096$607,600
32$629,708$536,894$511,478$622,829
33$664,944$534,208$499,618$638,900
34$702,861$530,478$486,449$655,906
35$743,704$525,622$471,896$673,950
36$787,741$519,557$455,883$693,145
37$835,268$512,192$438,332$713,619
38$886,608$503,432$419,159$735,515
39$942,118$493,177$398,278$758,990
40$1,002,191$481,319$375,596$784,222
41$1,067,256$467,745$351,020$811,406
42$1,137,787$452,335$324,451$840,759
43$1,214,305$434,964$295,783$872,526
44$1,297,382$415,495$264,910$906,974
45$1,387,649$393,788$231,719$944,403
46$1,485,797$369,692$196,090$985,145
47$1,592,591$343,049$157,901$1,029,568
48$1,708,867$313,690$117,022$1,078,083
49$1,835,549$281,439$73,320$1,131,142
50$1,973,652$246,107$26,654$1,189,248
51$2,124,295$207,496$0$1,252,960
52$2,288,707$165,398$0$1,330,304
53$2,468,243$119,590$0$1,424,144
54$2,664,393$69,839$0$1,526,748
55$2,878,799$15,899$0$1,639,009
56$3,113,267$0$0$1,761,913
57$3,369,787$0$0$1,904,964
58$3,650,550$0$0$2,065,032
59$3,957,968$0$0$2,240,347
60$4,294,696$0$0$2,432,433
61$4,663,661$0$0$2,642,964
62$5,068,083$0$0$2,873,785
63$5,511,512$0$0$3,126,929
64$5,997,855$0$0$3,404,634
65$6,531,416$0$0$3,709,366
66$7,116,936$0$0$4,043,840
67$7,759,638$0$0$4,411,049
68$8,465,274$0$0$4,814,287
69$9,240,180$0$0$5,257,185
70$10,091,338$0$0$5,743,741
71$11,026,436$0$0$6,278,361
72$12,053,946$0$0$6,865,899
73$13,183,202$0$0$7,511,700
74$14,424,483$0$0$8,221,656
75$15,789,118$0$0$9,002,256
76$17,289,586$0$0$9,860,649
77$18,939,636$0$0$10,804,714
78$20,754,416$0$0$11,843,129
79$22,750,616$0$0$12,985,457
80$24,946,625$0$0$14,242,234
81$27,362,703$0$0$15,625,069
82$30,021,174$0$0$17,146,751
83$32,946,635$0$0$18,821,375
84$36,166,187$0$0$20,664,468
85$39,709,691$0$0$22,693,142
86$43,610,052$0$0$24,926,248
87$47,903,523$0$0$27,384,561
88$52,630,054$0$0$30,090,971
89$57,833,662$0$0$33,070,700
90$63,562,852$0$0$36,351,540
91$69,871,069$0$0$39,964,116
92$76,817,205$0$0$43,942,174
93$84,466,155$0$0$48,322,898
94$92,889,426$0$0$53,147,262
95$102,165,815$0$0$58,460,418
96$112,382,147$0$0$64,312,117
97$123,634,100$0$0$70,757,186
98$136,027,106$0$0$77,856,035
99$149,677,342$0$0$85,675,239
100$164,712,829$0$0$94,288,155