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%12.4%
1 years$42,198$41,822$41,455$41,097$40,748$40,339
2 years$20,890$20,501$20,124$19,758$19,404$18,992
3 years$13,788$13,398$13,022$12,659$12,311$11,909
4 years$10,238$9,849$9,476$9,120$8,780$8,391
5 years$8,109$7,721$7,354$7,005$6,674$6,300
6 years$6,689$6,305$5,943$5,602$5,281$4,921
7 years$5,676$5,295$4,939$4,606$4,295$3,949
8 years$4,916$4,539$4,188$3,864$3,563$3,232
9 years$4,326$3,952$3,608$3,291$3,001$2,684
10 years$3,854$3,483$3,145$2,837$2,557$2,255
11 years$3,468$3,101$2,769$2,469$2,199$1,911
12 years$3,146$2,783$2,457$2,166$1,906$1,631
13 years$2,874$2,515$2,195$1,912$1,662$1,401
14 years$2,642$2,286$1,973$1,697$1,457$1,209
15 years$2,440$2,089$1,781$1,514$1,282$1,048
16 years$2,264$1,916$1,615$1,355$1,133$911
17 years$2,109$1,765$1,469$1,218$1,005$795
18 years$1,971$1,631$1,341$1,097$894$695
19 years$1,847$1,511$1,228$992$796$609
20 years$1,737$1,404$1,127$898$711$534
21 years$1,637$1,308$1,037$815$637$470
22 years$1,546$1,221$955$741$571$414
23 years$1,463$1,142$882$675$512$365
24 years$1,387$1,070$816$616$460$322
25 years$1,317$1,004$756$562$414$284
26 years$1,253$944$701$514$373$251
27 years$1,194$888$651$470$336$223
28 years$1,139$837$605$431$304$197
29 years$1,088$790$563$395$274$175
30 years$1,040$746$524$363$248$155
31 years$996$705$489$333$224$137
32 years$954$667$456$306$203$122
33 years$915$632$426$282$183$108
34 years$879$599$398$259$166$96
35 years$844$568$372$238$150$85
36 years$812$539$348$220$136$76
37 years$781$512$326$202$123$67
38 years$752$486$305$187$112$60
39 years$725$463$286$172$102$53
40 years$699$440$268$159$92$47
41 years$674$419$251$146$84$42
42 years$651$399$236$135$76$37
43 years$628$380$221$125$69$33
44 years$607$362$208$115$62$29
45 years$587$346$195$106$57$26
46 years$568$330$183$98$51$23
47 years$549$315$172$91$47$21
48 years$532$300$162$84$42$18
49 years$515$287$152$77$39$16
50 years$499$274$143$72$35$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $511,000, adding $4,766 every year, while hoping to spend $24,548 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: 35/42/23 Blend
29$511,000$511,000$511,000$511,000
30$568,038$540,955$533,035$583,817
31$599,859$541,343$524,772$596,283
32$634,103$540,927$515,411$607,135
33$670,991$539,642$504,887$618,349
34$710,767$537,419$493,135$629,974
35$753,696$534,184$480,086$642,062
36$800,073$529,859$465,669$654,677
37$850,220$524,361$449,808$667,888
38$904,491$517,603$432,425$681,774
39$963,275$509,492$413,437$696,425
40$1,027,000$499,928$392,758$711,942
41$1,096,138$488,809$370,300$728,441
42$1,171,206$476,022$345,967$746,049
43$1,252,774$461,452$319,661$764,911
44$1,341,468$444,974$291,281$785,191
45$1,437,977$426,458$260,719$807,070
46$1,543,060$405,764$227,862$830,755
47$1,657,552$382,745$192,595$856,474
48$1,782,370$357,248$154,795$884,484
49$1,918,526$329,107$114,335$915,072
50$2,067,132$298,150$71,082$948,561
51$2,229,413$264,193$24,896$985,308
52$2,406,717$227,042$0$1,025,714
53$2,600,527$186,492$0$1,076,211
54$2,812,478$142,328$0$1,138,220
55$3,044,370$94,320$0$1,206,218
56$3,298,182$42,228$0$1,280,862
57$3,576,097$0$0$1,362,881
58$3,880,516$0$0$1,459,647
59$4,214,085$0$0$1,587,137
60$4,579,718$0$0$1,726,957
61$4,980,623$0$0$1,880,343
62$5,420,334$0$0$2,048,658
63$5,902,744$0$0$2,233,402
64$6,432,139$0$0$2,436,226
65$7,013,244$0$0$2,658,952
66$7,651,259$0$0$2,903,584
67$8,351,917$0$0$3,172,331
68$9,121,528$0$0$3,467,626
69$9,967,048$0$0$3,792,151
70$10,896,137$0$0$4,148,858
71$11,917,235$0$0$4,541,002
72$13,039,641$0$0$4,972,166
73$14,273,598$0$0$5,446,301
74$15,630,392$0$0$5,967,757
75$17,122,456$0$0$6,541,328
76$18,763,491$0$0$7,172,297
77$20,568,590$0$0$7,866,483
78$22,554,382$0$0$8,630,298
79$24,739,190$0$0$9,470,808
80$27,143,204$0$0$10,395,796
81$29,788,666$0$0$11,413,840
82$32,700,086$0$0$12,534,392
83$35,904,469$0$0$13,767,865
84$39,431,573$0$0$15,125,733
85$43,314,183$0$0$16,620,641
86$47,588,429$0$0$18,266,520
87$52,294,118$0$0$20,078,721
88$57,475,114$0$0$22,074,162
89$63,179,753$0$0$24,271,480
90$69,461,293$0$0$26,691,216
91$76,378,423$0$0$29,356,003
92$83,995,810$0$0$32,290,780
93$92,384,715$0$0$35,523,029
94$101,623,660$0$0$39,083,032
95$111,799,171$0$0$43,004,161
96$123,006,597$0$0$47,323,187
97$135,351,004$0$0$52,080,630
98$148,948,168$0$0$57,321,142
99$163,925,671$0$0$63,093,928
100$180,424,101$0$0$69,453,208