Can I retire at age 30 with 511,000?

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 $511,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$42,198$41,822$41,455$41,097$40,748$40,239
2 years$20,890$20,501$20,124$19,758$19,404$18,891
3 years$13,788$13,398$13,022$12,659$12,311$11,811
4 years$10,238$9,849$9,476$9,120$8,780$8,297
5 years$8,109$7,721$7,354$7,005$6,674$6,209
6 years$6,689$6,305$5,943$5,602$5,281$4,835
7 years$5,676$5,295$4,939$4,606$4,295$3,867
8 years$4,916$4,539$4,188$3,864$3,563$3,154
9 years$4,326$3,952$3,608$3,291$3,001$2,610
10 years$3,854$3,483$3,145$2,837$2,557$2,185
11 years$3,468$3,101$2,769$2,469$2,199$1,845
12 years$3,146$2,783$2,457$2,166$1,906$1,569
13 years$2,874$2,515$2,195$1,912$1,662$1,342
14 years$2,642$2,286$1,973$1,697$1,457$1,154
15 years$2,440$2,089$1,781$1,514$1,282$996
16 years$2,264$1,916$1,615$1,355$1,133$862
17 years$2,109$1,765$1,469$1,218$1,005$749
18 years$1,971$1,631$1,341$1,097$894$652
19 years$1,847$1,511$1,228$992$796$569
20 years$1,737$1,404$1,127$898$711$497
21 years$1,637$1,308$1,037$815$637$435
22 years$1,546$1,221$955$741$571$381
23 years$1,463$1,142$882$675$512$335
24 years$1,387$1,070$816$616$460$294
25 years$1,317$1,004$756$562$414$259
26 years$1,253$944$701$514$373$228
27 years$1,194$888$651$470$336$200
28 years$1,139$837$605$431$304$177
29 years$1,088$790$563$395$274$156
30 years$1,040$746$524$363$248$137
31 years$996$705$489$333$224$121
32 years$954$667$456$306$203$107
33 years$915$632$426$282$183$94
34 years$879$599$398$259$166$83
35 years$844$568$372$238$150$74
36 years$812$539$348$220$136$65
37 years$781$512$326$202$123$57
38 years$752$486$305$187$112$51
39 years$725$463$286$172$102$45
40 years$699$440$268$159$92$40
41 years$674$419$251$146$84$35
42 years$651$399$236$135$76$31
43 years$628$380$221$125$69$27
44 years$607$362$208$115$62$24
45 years$587$346$195$106$57$21
46 years$568$330$183$98$51$19
47 years$549$315$172$91$47$17
48 years$532$300$162$84$42$15
49 years$515$287$152$77$39$13
50 years$499$274$143$72$35$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $511,000, adding $6,776 every year, while hoping to spend $26,269 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: 32/40/28 Blend
29$511,000$511,000$511,000$511,000
30$570,111$543,028$535,108$583,318
31$600,313$541,687$525,084$592,657
32$632,714$539,399$513,844$599,925
33$667,513$536,091$501,319$607,240
34$704,923$531,684$487,438$614,624
35$745,184$526,095$472,125$622,105
36$788,554$519,235$455,303$629,714
37$835,321$511,011$436,890$637,489
38$885,796$501,324$416,798$645,476
39$940,327$490,068$394,940$653,724
40$999,291$477,132$371,222$662,295
41$1,063,105$462,398$345,544$671,258
42$1,132,228$445,742$317,806$680,692
43$1,207,164$427,032$287,901$690,688
44$1,288,465$406,127$255,716$701,352
45$1,376,741$382,880$221,136$712,801
46$1,472,663$357,135$184,037$725,173
47$1,576,966$328,726$144,295$738,620
48$1,690,462$297,480$101,774$753,316
49$1,814,044$263,210$56,338$769,460
50$1,948,691$225,723$7,840$787,273
51$2,095,486$184,812$0$807,007
52$2,255,617$140,259$0$842,063
53$2,430,393$91,834$0$882,993
54$2,621,253$39,295$0$927,856
55$2,829,785$0$0$977,103
56$3,057,734$0$0$1,038,991
57$3,307,022$0$0$1,125,663
58$3,579,765$0$0$1,220,566
59$3,878,294$0$0$1,324,523
60$4,205,174$0$0$1,438,436
61$4,563,233$0$0$1,563,300
62$4,955,581$0$0$1,700,213
63$5,385,645$0$0$1,850,380
64$5,857,201$0$0$2,015,132
65$6,374,406$0$0$2,195,933
66$6,941,839$0$0$2,394,396
67$7,564,542$0$0$2,612,299
68$8,248,073$0$0$2,851,598
69$8,998,549$0$0$3,114,451
70$9,822,714$0$0$3,403,232
71$10,727,992$0$0$3,720,559
72$11,722,564$0$0$4,069,314
73$12,815,443$0$0$4,452,674
74$14,016,556$0$0$4,874,138
75$15,336,842$0$0$5,337,561
76$16,788,351$0$0$5,847,190
77$18,384,359$0$0$6,407,705
78$20,139,494$0$0$7,024,262
79$22,069,869$0$0$7,702,542
80$24,193,242$0$0$8,448,802
81$26,529,175$0$0$9,269,940
82$29,099,221$0$0$10,173,554
83$31,927,131$0$0$11,168,016
84$35,039,070$0$0$12,262,552
85$38,463,872$0$0$13,467,324
86$42,233,304$0$0$14,793,535
87$46,382,371$0$0$16,253,524
88$50,949,643$0$0$17,860,890
89$55,977,619$0$0$19,630,617
90$61,513,129$0$0$21,579,215
91$67,607,773$0$0$23,724,878
92$74,318,411$0$0$26,087,653
93$81,707,695$0$0$28,689,630
94$89,844,663$0$0$31,555,152
95$98,805,389$0$0$34,711,041
96$108,673,702$0$0$38,186,854
97$119,541,973$0$0$42,015,162
98$131,511,989$0$0$46,231,855
99$144,695,914$0$0$50,876,482
100$159,217,345$0$0$55,992,623