Can I retire at age 30 with 510,000?

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 $510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$42,115$41,740$41,374$41,017$40,668$39,085
2 years$20,849$20,461$20,085$19,720$19,366$17,790
3 years$13,761$13,371$12,996$12,635$12,286$10,768
4 years$10,218$9,829$9,458$9,103$8,763$7,313
5 years$8,093$7,706$7,340$6,992$6,661$5,283
6 years$6,676$6,293$5,932$5,591$5,271$3,966
7 years$5,665$5,285$4,929$4,597$4,287$3,054
8 years$4,907$4,530$4,180$3,856$3,556$2,395
9 years$4,317$3,944$3,600$3,285$2,995$1,904
10 years$3,846$3,477$3,139$2,831$2,552$1,528
11 years$3,461$3,095$2,764$2,464$2,195$1,236
12 years$3,140$2,778$2,453$2,161$1,902$1,006
13 years$2,869$2,510$2,191$1,908$1,658$823
14 years$2,637$2,282$1,969$1,694$1,454$676
15 years$2,435$2,085$1,778$1,511$1,280$556
16 years$2,259$1,913$1,612$1,353$1,131$459
17 years$2,104$1,761$1,466$1,215$1,003$380
18 years$1,967$1,628$1,339$1,095$892$315
19 years$1,844$1,508$1,226$990$795$261
20 years$1,733$1,402$1,125$896$710$217
21 years$1,633$1,306$1,035$813$635$181
22 years$1,543$1,219$953$740$570$150
23 years$1,460$1,140$880$674$511$125
24 years$1,384$1,068$814$614$460$104
25 years$1,315$1,002$754$561$414$87
26 years$1,251$942$699$513$372$72
27 years$1,192$887$649$470$336$60
28 years$1,137$835$604$430$303$50
29 years$1,086$788$562$395$274$42
30 years$1,038$744$523$362$247$35
31 years$994$704$488$333$224$29
32 years$952$666$455$306$202$24
33 years$913$630$425$281$183$20
34 years$877$598$397$259$166$17
35 years$842$567$371$238$150$14
36 years$810$538$347$219$136$12
37 years$779$511$325$202$123$10
38 years$751$486$304$186$112$8
39 years$723$462$285$172$101$7
40 years$697$439$267$158$92$6
41 years$673$418$251$146$83$5
42 years$649$398$235$135$76$4
43 years$627$379$221$124$69$3
44 years$606$362$207$115$62$3
45 years$586$345$194$106$57$2
46 years$567$329$183$98$51$2
47 years$548$314$172$91$47$2
48 years$531$300$161$84$42$1
49 years$514$286$152$77$38$1
50 years$498$273$143$71$35$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $510,000, adding $3,695 every year, while hoping to spend $34,181 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: 65/9/26 Blend
29$510,000$510,000$510,000$510,000
30$565,831$538,801$530,896$598,528
31$587,178$528,834$512,313$611,075
32$609,556$517,233$491,962$620,631
33$633,035$503,882$469,747$630,313
34$657,690$488,658$445,569$640,137
35$683,603$471,430$419,323$650,119
36$710,862$452,062$390,902$660,281
37$739,563$430,406$360,191$670,650
38$769,812$406,310$327,071$681,252
39$801,723$379,609$291,418$692,122
40$835,421$350,132$253,102$703,297
41$871,041$317,696$211,989$714,823
42$908,733$282,108$167,936$726,748
43$948,658$243,166$120,796$739,130
44$990,993$200,653$70,414$752,035
45$1,035,931$154,342$16,631$765,537
46$1,083,685$103,994$0$779,718
47$1,134,486$49,354$0$805,984
48$1,188,586$0$0$838,792
49$1,246,264$0$0$874,668
50$1,307,823$0$0$918,194
51$1,373,596$0$0$964,722
52$1,443,948$0$0$1,014,510
53$1,519,278$0$0$1,067,846
54$1,600,025$0$0$1,125,042
55$1,686,671$0$0$1,186,443
56$1,779,743$0$0$1,252,426
57$1,879,820$0$0$1,323,406
58$1,987,540$0$0$1,399,838
59$2,103,600$0$0$1,482,221
60$2,228,769$0$0$1,571,105
61$2,363,889$0$0$1,667,092
62$2,509,886$0$0$1,770,846
63$2,667,779$0$0$1,883,094
64$2,838,686$0$0$2,004,638
65$3,023,837$0$0$2,136,358
66$3,224,586$0$0$2,279,221
67$3,442,419$0$0$2,434,293
68$3,678,972$0$0$2,602,743
69$3,936,044$0$0$2,785,860
70$4,215,615$0$0$2,985,061
71$4,519,862$0$0$3,201,903
72$4,851,182$0$0$3,438,104
73$5,212,210$0$0$3,695,549
74$5,605,849$0$0$3,976,317
75$6,035,292$0$0$4,282,693
76$6,504,053$0$0$4,617,195
77$7,016,003$0$0$4,982,593
78$7,575,401$0$0$5,381,936
79$8,186,936$0$0$5,818,582
80$8,855,771$0$0$6,296,229
81$9,587,591$0$0$6,818,946
82$10,388,655$0$0$7,391,216
83$11,265,857$0$0$8,017,974
84$12,226,786$0$0$8,704,658
85$13,279,802$0$0$9,457,251
86$14,434,110$0$0$10,282,348
87$15,699,852$0$0$11,187,209
88$17,088,192$0$0$12,179,832
89$18,611,433$0$0$13,269,025
90$20,283,122$0$0$14,464,492
91$22,118,183$0$0$15,776,920
92$24,133,055$0$0$17,218,083
93$26,345,846$0$0$18,800,951
94$28,776,506$0$0$20,539,809
95$31,447,009$0$0$22,450,397
96$34,381,566$0$0$24,550,055
97$37,606,847$0$0$26,857,884
98$41,152,235$0$0$29,394,928
99$45,050,101$0$0$32,184,374
100$49,336,111$0$0$35,251,764