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%
1 years$42,115$41,740$41,374$41,017$40,668$39,194
2 years$20,849$20,461$20,085$19,720$19,366$17,897
3 years$13,761$13,371$12,996$12,635$12,286$10,869
4 years$10,218$9,829$9,458$9,103$8,763$7,407
5 years$8,093$7,706$7,340$6,992$6,661$5,372
6 years$6,676$6,293$5,932$5,591$5,271$4,048
7 years$5,665$5,285$4,929$4,597$4,287$3,130
8 years$4,907$4,530$4,180$3,856$3,556$2,465
9 years$4,317$3,944$3,600$3,285$2,995$1,967
10 years$3,846$3,477$3,139$2,831$2,552$1,586
11 years$3,461$3,095$2,764$2,464$2,195$1,289
12 years$3,140$2,778$2,453$2,161$1,902$1,054
13 years$2,869$2,510$2,191$1,908$1,658$866
14 years$2,637$2,282$1,969$1,694$1,454$715
15 years$2,435$2,085$1,778$1,511$1,280$592
16 years$2,259$1,913$1,612$1,353$1,131$491
17 years$2,104$1,761$1,466$1,215$1,003$408
18 years$1,967$1,628$1,339$1,095$892$340
19 years$1,844$1,508$1,226$990$795$284
20 years$1,733$1,402$1,125$896$710$237
21 years$1,633$1,306$1,035$813$635$198
22 years$1,543$1,219$953$740$570$166
23 years$1,460$1,140$880$674$511$139
24 years$1,384$1,068$814$614$460$116
25 years$1,315$1,002$754$561$414$97
26 years$1,251$942$699$513$372$82
27 years$1,192$887$649$470$336$69
28 years$1,137$835$604$430$303$58
29 years$1,086$788$562$395$274$48
30 years$1,038$744$523$362$247$41
31 years$994$704$488$333$224$34
32 years$952$666$455$306$202$29
33 years$913$630$425$281$183$24
34 years$877$598$397$259$166$20
35 years$842$567$371$238$150$17
36 years$810$538$347$219$136$14
37 years$779$511$325$202$123$12
38 years$751$486$304$186$112$10
39 years$723$462$285$172$101$8
40 years$697$439$267$158$92$7
41 years$673$418$251$146$83$6
42 years$649$398$235$135$76$5
43 years$627$379$221$124$69$4
44 years$606$362$207$115$62$4
45 years$586$345$194$106$57$3
46 years$567$329$183$98$51$2
47 years$548$314$172$91$47$2
48 years$531$300$161$84$42$2
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 $4,858 every year, while hoping to spend $37,403 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: 55/21/24 Blend
29$510,000$510,000$510,000$510,000
30$567,031$540,001$532,096$594,242
31$585,072$526,665$510,125$600,124
32$603,699$511,421$486,164$602,206
33$622,933$494,138$460,107$603,690
34$642,795$474,673$431,844$604,529
35$663,308$452,879$401,258$604,677
36$684,493$428,599$368,228$604,081
37$706,375$401,664$332,628$602,690
38$728,980$371,900$294,325$600,445
39$752,332$339,120$253,181$597,289
40$776,460$303,126$209,053$593,158
41$801,392$263,712$161,789$587,986
42$827,158$220,658$111,232$581,705
43$853,788$173,730$57,219$574,242
44$881,315$122,684$0$565,519
45$909,775$67,261$0$555,566
46$939,202$7,187$0$559,832
47$969,634$0$0$563,609
48$1,001,112$0$0$580,215
49$1,033,676$0$0$599,116
50$1,067,372$0$0$618,676
51$1,102,244$0$0$638,922
52$1,138,342$0$0$659,883
53$1,175,718$0$0$681,589
54$1,214,426$0$0$704,073
55$1,254,524$0$0$727,369
56$1,296,073$0$0$751,512
57$1,339,138$0$0$776,542
58$1,383,788$0$0$802,498
59$1,430,097$0$0$829,425
60$1,478,141$0$0$857,368
61$1,528,004$0$0$886,376
62$1,579,775$0$0$916,502
63$1,633,547$0$0$947,802
64$1,689,423$0$0$980,336
65$1,747,509$0$0$1,014,168
66$1,807,922$0$0$1,049,367
67$1,870,785$0$0$1,086,006
68$1,936,231$0$0$1,124,165
69$2,004,404$0$0$1,163,929
70$2,075,456$0$0$1,205,389
71$2,149,554$0$0$1,248,645
72$2,226,875$0$0$1,293,802
73$2,307,613$0$0$1,340,976
74$2,391,974$0$0$1,390,290
75$2,480,182$0$0$1,441,880
76$2,572,482$0$0$1,495,889
77$2,669,134$0$0$1,552,477
78$2,770,424$0$0$1,611,812
79$2,876,660$0$0$1,674,081
80$2,988,177$0$0$1,739,483
81$3,105,340$0$0$1,808,238
82$3,228,542$0$0$1,880,583
83$3,358,215$0$0$1,956,776
84$3,494,825$0$0$2,037,099
85$3,638,883$0$0$2,121,857
86$3,790,944$0$0$2,211,386
87$3,951,613$0$0$2,306,049
88$4,121,551$0$0$2,406,244
89$4,301,480$0$0$2,512,406
90$4,492,186$0$0$2,625,009
91$4,694,531$0$0$2,744,573
92$4,909,456$0$0$2,871,664
93$5,137,990$0$0$3,006,904
94$5,381,259$0$0$3,150,971
95$5,640,496$0$0$3,304,611
96$5,917,051$0$0$3,468,637
97$6,212,403$0$0$3,643,943
98$6,528,173$0$0$3,831,507
99$6,866,138$0$0$4,032,403
100$7,228,247$0$0$4,247,809