Can I retire at age 30 with 515,000?

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 $515,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$42,528$42,149$41,780$41,419$41,067$40,304
2 years$21,054$20,661$20,281$19,913$19,556$18,790
3 years$13,896$13,502$13,123$12,758$12,407$11,662
4 years$10,318$9,926$9,551$9,192$8,849$8,130
5 years$8,172$7,782$7,412$7,060$6,727$6,037
6 years$6,742$6,355$5,990$5,646$5,323$4,663
7 years$5,721$5,337$4,977$4,642$4,329$3,698
8 years$4,955$4,574$4,221$3,894$3,591$2,990
9 years$4,360$3,983$3,636$3,317$3,024$2,453
10 years$3,884$3,511$3,170$2,859$2,577$2,034
11 years$3,495$3,125$2,791$2,488$2,216$1,701
12 years$3,171$2,805$2,477$2,183$1,920$1,433
13 years$2,897$2,535$2,213$1,927$1,675$1,214
14 years$2,662$2,304$1,988$1,710$1,468$1,033
15 years$2,459$2,105$1,795$1,525$1,293$882
16 years$2,282$1,931$1,627$1,366$1,142$756
17 years$2,125$1,779$1,481$1,227$1,013$650
18 years$1,986$1,644$1,352$1,106$901$560
19 years$1,862$1,523$1,238$999$803$483
20 years$1,750$1,415$1,136$905$717$417
21 years$1,649$1,318$1,045$821$642$361
22 years$1,558$1,231$963$747$575$313
23 years$1,474$1,151$889$680$516$272
24 years$1,398$1,078$822$620$464$236
25 years$1,328$1,012$762$567$418$205
26 years$1,263$951$706$518$376$178
27 years$1,203$895$656$474$339$155
28 years$1,148$844$610$434$306$135
29 years$1,096$796$567$398$276$117
30 years$1,048$752$528$366$250$102
31 years$1,004$710$493$336$226$89
32 years$962$672$460$309$204$78
33 years$922$637$429$284$185$68
34 years$885$603$401$261$167$59
35 years$851$572$375$240$152$52
36 years$818$543$351$221$137$45
37 years$787$516$328$204$124$39
38 years$758$490$307$188$113$34
39 years$730$466$288$173$102$30
40 years$704$444$270$160$93$26
41 years$679$422$253$148$84$23
42 years$656$402$237$136$76$20
43 years$633$383$223$126$69$17
44 years$612$365$209$116$63$15
45 years$592$348$196$107$57$13
46 years$572$332$184$99$52$12
47 years$554$317$173$91$47$10
48 years$536$303$163$85$43$9
49 years$519$289$153$78$39$8
50 years$503$276$144$72$35$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $515,000, adding $4,840 every year, while hoping to spend $27,793 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: 33/37/30 Blend
29$515,000$515,000$515,000$515,000
30$572,522$545,227$537,245$586,087
31$601,348$542,372$525,671$594,010
32$632,183$538,445$512,778$599,759
33$665,201$533,365$498,492$605,425
34$700,597$527,045$482,737$611,021
35$738,581$519,393$465,431$616,561
36$779,384$510,311$446,491$622,068
37$823,261$499,697$425,829$627,566
38$870,492$487,441$403,353$633,085
39$921,384$473,426$378,966$638,663
40$976,272$457,531$352,568$644,344
41$1,035,528$439,626$324,055$650,179
42$1,099,557$419,573$293,317$656,229
43$1,168,807$397,228$260,238$662,564
44$1,243,769$372,436$224,700$669,267
45$1,324,983$345,035$186,577$676,433
46$1,413,043$314,853$145,739$684,170
47$1,508,602$281,709$102,050$692,602
48$1,612,378$245,412$55,367$701,874
49$1,725,161$205,757$5,542$712,147
50$1,847,820$162,532$0$723,606
51$1,981,311$115,509$0$751,708
52$2,126,686$64,450$0$784,327
53$2,285,102$9,102$0$820,011
54$2,457,834$0$0$859,120
55$2,646,283$0$0$922,736
56$2,851,994$0$0$996,297
57$3,076,665$0$0$1,076,713
58$3,322,165$0$0$1,164,664
59$3,590,555$0$0$1,260,897
60$3,884,100$0$0$1,366,236
61$4,205,297$0$0$1,481,585
62$4,556,895$0$0$1,607,944
63$4,941,919$0$0$1,746,412
64$5,363,702$0$0$1,898,198
65$5,825,916$0$0$2,064,637
66$6,332,601$0$0$2,247,197
67$6,888,210$0$0$2,447,494
68$7,497,646$0$0$2,667,312
69$8,166,310$0$0$2,908,611
70$8,900,151$0$0$3,173,553
71$9,705,721$0$0$3,464,520
72$10,590,238$0$0$3,784,134
73$11,561,654$0$0$4,135,285
74$12,628,728$0$0$4,521,156
75$13,801,109$0$0$4,945,255
76$15,089,426$0$0$5,411,444
77$16,505,390$0$0$5,923,981
78$18,061,904$0$0$6,487,554
79$19,773,180$0$0$7,107,330
80$21,654,879$0$0$7,789,002
81$23,724,253$0$0$8,538,841
82$26,000,312$0$0$9,363,758
83$28,503,999$0$0$10,271,366
84$31,258,388$0$0$11,270,054
85$34,288,905$0$0$12,369,065
86$37,623,564$0$0$13,578,582
87$41,293,228$0$0$14,909,829
88$45,331,909$0$0$16,375,170
89$49,777,078$0$0$17,988,227
90$54,670,026$0$0$19,764,015
91$60,056,248$0$0$21,719,074
92$65,985,877$0$0$23,871,632
93$72,514,150$0$0$26,241,773
94$79,701,935$0$0$28,851,628
95$87,616,302$0$0$31,725,584
96$96,331,154$0$0$34,890,513
97$105,927,927$0$0$38,376,026
98$116,496,358$0$0$42,214,751
99$128,135,328$0$0$46,442,644
100$140,953,798$0$0$51,099,324