Can I retire at age 30 with 513,000?

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 $513,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$42,363$41,986$41,618$41,258$40,907$39,346
2 years$20,972$20,581$20,203$19,836$19,480$17,925
3 years$13,842$13,450$13,072$12,709$12,359$10,860
4 years$10,278$9,887$9,513$9,156$8,814$7,383
5 years$8,140$7,752$7,383$7,033$6,701$5,340
6 years$6,716$6,330$5,966$5,624$5,302$4,013
7 years$5,698$5,316$4,958$4,624$4,312$3,094
8 years$4,936$4,557$4,205$3,879$3,577$2,429
9 years$4,343$3,967$3,622$3,304$3,012$1,933
10 years$3,869$3,497$3,157$2,848$2,567$1,554
11 years$3,481$3,113$2,780$2,479$2,207$1,259
12 years$3,159$2,794$2,467$2,174$1,913$1,026
13 years$2,886$2,525$2,204$1,919$1,668$840
14 years$2,652$2,295$1,980$1,704$1,462$691
15 years$2,450$2,097$1,788$1,520$1,288$570
16 years$2,273$1,924$1,621$1,361$1,138$471
17 years$2,117$1,772$1,475$1,222$1,009$390
18 years$1,978$1,637$1,347$1,102$897$324
19 years$1,855$1,517$1,233$995$800$269
20 years$1,744$1,410$1,131$902$714$224
21 years$1,643$1,313$1,041$818$639$186
22 years$1,552$1,226$959$744$573$155
23 years$1,469$1,147$886$678$514$130
24 years$1,393$1,074$819$618$462$108
25 years$1,323$1,008$759$564$416$90
26 years$1,258$948$704$516$375$75
27 years$1,199$892$653$472$338$63
28 years$1,143$840$607$433$305$53
29 years$1,092$793$565$397$275$44
30 years$1,044$749$526$364$249$37
31 years$1,000$708$491$334$225$31
32 years$958$670$458$307$203$26
33 years$919$634$428$283$184$22
34 years$882$601$399$260$167$18
35 years$847$570$373$239$151$15
36 years$815$541$349$221$137$13
37 years$784$514$327$203$124$11
38 years$755$488$306$187$112$9
39 years$727$464$287$173$102$7
40 years$701$442$269$159$92$6
41 years$677$421$252$147$84$5
42 years$653$401$237$136$76$4
43 years$631$382$222$125$69$4
44 years$610$364$208$116$63$3
45 years$589$347$196$107$57$3
46 years$570$331$184$99$52$2
47 years$551$316$173$91$47$2
48 years$534$301$162$84$43$1
49 years$517$288$152$78$39$1
50 years$501$275$143$72$35$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $513,000, adding $6,075 every year, while hoping to spend $30,113 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: 39/47/14 Blend
29$513,000$513,000$513,000$513,000
30$571,592$544,403$536,452$591,262
31$597,855$539,039$522,383$600,455
32$625,787$532,403$506,834$607,006
33$655,527$524,400$489,722$613,436
34$687,226$514,932$470,964$619,750
35$721,051$503,891$450,469$625,954
36$757,184$491,168$428,146$632,057
37$795,824$476,642$403,895$638,073
38$837,190$460,189$377,617$644,019
39$881,520$441,676$349,205$649,917
40$929,079$420,962$318,547$655,796
41$980,155$397,898$285,528$661,689
42$1,035,065$372,329$250,027$667,638
43$1,094,155$344,087$211,917$673,691
44$1,157,808$312,997$171,066$679,908
45$1,226,444$278,873$127,335$686,356
46$1,300,522$241,519$80,582$693,118
47$1,380,550$200,727$30,656$700,285
48$1,467,082$156,279$0$707,967
49$1,560,731$107,943$0$719,668
50$1,662,168$55,475$0$737,259
51$1,772,132$0$0$756,346
52$1,891,436$0$0$777,859
53$2,020,973$0$0$832,428
54$2,161,727$0$0$891,782
55$2,314,777$0$0$956,386
56$2,481,314$0$0$1,026,749
57$2,662,647$0$0$1,103,432
58$2,860,214$0$0$1,187,054
59$3,075,602$0$0$1,278,294
60$3,310,555$0$0$1,377,900
61$3,566,992$0$0$1,486,697
62$3,847,026$0$0$1,605,591
63$4,152,984$0$0$1,735,580
64$4,487,427$0$0$1,877,765
65$4,853,174$0$0$2,033,354
66$5,253,331$0$0$2,203,681
67$5,691,315$0$0$2,390,214
68$6,170,891$0$0$2,594,569
69$6,696,205$0$0$2,818,525
70$7,271,821$0$0$3,064,043
71$7,902,766$0$0$3,333,282
72$8,594,579$0$0$3,628,619
73$9,353,356$0$0$3,952,674
74$10,185,817$0$0$4,308,332
75$11,099,358$0$0$4,698,770
76$12,102,130$0$0$5,127,489
77$13,203,110$0$0$5,598,344
78$14,412,187$0$0$6,115,584
79$15,740,254$0$0$6,683,889
80$17,199,311$0$0$7,308,412
81$18,802,579$0$0$7,994,834
82$20,564,622$0$0$8,749,412
83$22,501,486$0$0$9,579,038
84$24,630,846$0$0$10,491,307
85$26,972,178$0$0$11,494,587
86$29,546,940$0$0$12,598,097
87$32,378,770$0$0$13,811,992
88$35,493,716$0$0$15,147,465
89$38,920,474$0$0$16,616,846
90$42,690,663$0$0$18,233,720
91$46,839,120$0$0$20,013,057
92$51,404,231$0$0$21,971,351
93$56,428,291$0$0$24,126,775
94$61,957,901$0$0$26,499,354
95$68,044,410$0$0$29,111,153
96$74,744,396$0$0$31,986,484
97$82,120,205$0$0$35,152,139
98$90,240,530$0$0$38,637,635
99$99,181,066$0$0$42,475,502
100$109,025,221$0$0$46,701,581