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%20%
1 years$42,033$41,658$41,293$40,937$40,588$38,963
2 years$20,808$20,421$20,045$19,681$19,328$17,710
3 years$13,734$13,345$12,971$12,610$12,262$10,704
4 years$10,198$9,810$9,439$9,085$8,746$7,258
5 years$8,077$7,691$7,325$6,978$6,648$5,236
6 years$6,663$6,280$5,920$5,580$5,261$3,924
7 years$5,654$5,274$4,919$4,588$4,278$3,017
8 years$4,897$4,521$4,172$3,849$3,549$2,362
9 years$4,309$3,936$3,593$3,278$2,989$1,873
10 years$3,839$3,470$3,133$2,826$2,547$1,501
11 years$3,454$3,089$2,758$2,459$2,190$1,212
12 years$3,134$2,772$2,448$2,157$1,898$984
13 years$2,863$2,505$2,187$1,904$1,655$803
14 years$2,631$2,277$1,965$1,691$1,451$658
15 years$2,431$2,080$1,774$1,508$1,277$541
16 years$2,255$1,909$1,608$1,350$1,129$446
17 years$2,100$1,758$1,464$1,213$1,001$368
18 years$1,963$1,624$1,336$1,093$890$304
19 years$1,840$1,505$1,223$988$793$252
20 years$1,730$1,399$1,123$895$709$209
21 years$1,630$1,303$1,033$812$634$173
22 years$1,540$1,216$952$738$568$144
23 years$1,457$1,138$879$672$510$119
24 years$1,382$1,066$813$613$459$99
25 years$1,312$1,000$753$560$413$83
26 years$1,248$940$698$512$372$69
27 years$1,189$885$648$469$335$57
28 years$1,134$834$603$429$302$48
29 years$1,084$787$561$394$273$40
30 years$1,036$743$522$361$247$33
31 years$992$702$487$332$223$27
32 years$950$664$454$305$202$23
33 years$912$629$424$280$183$19
34 years$875$596$396$258$165$16
35 years$841$566$371$238$150$13
36 years$808$537$347$219$136$11
37 years$778$510$324$202$123$9
38 years$749$485$304$186$111$8
39 years$722$461$285$171$101$6
40 years$696$438$267$158$92$5
41 years$671$417$250$146$83$4
42 years$648$397$235$135$75$4
43 years$626$379$220$124$69$3
44 years$605$361$207$115$62$3
45 years$585$344$194$106$56$2
46 years$565$328$182$98$51$2
47 years$547$313$171$90$47$1
48 years$530$299$161$84$42$1
49 years$513$286$151$77$38$1
50 years$497$273$142$71$35$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $509,000, adding $4,991 every year, while hoping to spend $31,876 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: 31/45/24 Blend
29$509,000$509,000$509,000$509,000
30$566,066$539,089$531,200$579,298
31$589,889$531,589$515,079$582,308
32$615,074$522,652$497,350$582,361
33$641,725$512,176$477,925$581,770
34$669,958$500,050$456,713$580,500
35$699,898$486,157$433,617$578,514
36$731,683$470,374$408,539$575,776
37$765,462$452,570$381,372$572,249
38$801,400$432,606$352,009$567,899
39$839,677$410,338$320,335$562,688
40$880,488$385,608$286,230$556,582
41$924,049$358,255$249,570$549,545
42$970,597$328,104$210,226$541,545
43$1,020,391$294,974$168,061$532,551
44$1,073,713$258,670$122,933$522,531
45$1,130,875$218,988$74,695$511,461
46$1,192,218$175,713$23,191$499,316
47$1,258,117$128,615$0$486,076
48$1,328,984$77,456$0$479,864
49$1,405,268$21,979$0$479,399
50$1,487,466$0$0$478,779
51$1,576,123$0$0$496,915
52$1,671,837$0$0$528,304
53$1,775,263$0$0$562,288
54$1,887,126$0$0$599,111
55$2,008,219$0$0$639,043
56$2,139,414$0$0$682,381
57$2,281,671$0$0$729,452
58$2,436,045$0$0$780,614
59$2,603,698$0$0$836,262
60$2,785,905$0$0$896,832
61$2,984,071$0$0$962,800
62$3,199,741$0$0$1,034,694
63$3,434,616$0$0$1,113,092
64$3,690,565$0$0$1,198,632
65$3,969,648$0$0$1,292,015
66$4,274,131$0$0$1,394,013
67$4,606,508$0$0$1,505,477
68$4,969,524$0$0$1,627,343
69$5,366,203$0$0$1,760,640
70$5,799,871$0$0$1,906,504
71$6,274,192$0$0$2,066,184
72$6,793,200$0$0$2,241,055
73$7,361,336$0$0$2,432,634
74$7,983,492$0$0$2,642,587
75$8,665,054$0$0$2,872,753
76$9,411,953$0$0$3,125,156
77$10,230,723$0$0$3,402,024
78$11,128,558$0$0$3,705,813
79$12,113,383$0$0$4,039,227
80$13,193,925$0$0$4,405,245
81$14,379,800$0$0$4,807,149
82$15,681,597$0$0$5,248,552
83$17,110,981$0$0$5,733,438
84$18,680,804$0$0$6,266,192
85$20,405,220$0$0$6,851,647
86$22,299,824$0$0$7,495,128
87$24,381,795$0$0$8,202,498
88$26,670,061$0$0$8,980,221
89$29,185,472$0$0$9,835,415
90$31,950,999$0$0$10,775,924
91$34,991,950$0$0$11,810,390
92$38,336,211$0$0$12,948,334
93$42,014,501$0$0$14,200,247
94$46,060,668$0$0$15,577,687
95$50,512,006$0$0$17,093,390
96$55,409,605$0$0$18,761,389
97$60,798,738$0$0$20,597,144
98$66,729,289$0$0$22,617,692
99$73,256,223$0$0$24,841,804
100$80,440,101$0$0$27,290,165