Can I retire at age 30 with 515,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%15.6%
1 years$42,528$42,149$41,780$41,419$41,067$40,123
2 years$21,054$20,661$20,281$19,913$19,556$18,610
3 years$13,896$13,502$13,123$12,758$12,407$11,489
4 years$10,318$9,926$9,551$9,192$8,849$7,965
5 years$8,172$7,782$7,412$7,060$6,727$5,881
6 years$6,742$6,355$5,990$5,646$5,323$4,515
7 years$5,721$5,337$4,977$4,642$4,329$3,559
8 years$4,955$4,574$4,221$3,894$3,591$2,859
9 years$4,360$3,983$3,636$3,317$3,024$2,330
10 years$3,884$3,511$3,170$2,859$2,577$1,919
11 years$3,495$3,125$2,791$2,488$2,216$1,594
12 years$3,171$2,805$2,477$2,183$1,920$1,333
13 years$2,897$2,535$2,213$1,927$1,675$1,121
14 years$2,662$2,304$1,988$1,710$1,468$947
15 years$2,459$2,105$1,795$1,525$1,293$803
16 years$2,282$1,931$1,627$1,366$1,142$683
17 years$2,125$1,779$1,481$1,227$1,013$582
18 years$1,986$1,644$1,352$1,106$901$497
19 years$1,862$1,523$1,238$999$803$425
20 years$1,750$1,415$1,136$905$717$365
21 years$1,649$1,318$1,045$821$642$313
22 years$1,558$1,231$963$747$575$269
23 years$1,474$1,151$889$680$516$231
24 years$1,398$1,078$822$620$464$199
25 years$1,328$1,012$762$567$418$172
26 years$1,263$951$706$518$376$148
27 years$1,203$895$656$474$339$127
28 years$1,148$844$610$434$306$110
29 years$1,096$796$567$398$276$95
30 years$1,048$752$528$366$250$82
31 years$1,004$710$493$336$226$71
32 years$962$672$460$309$204$61
33 years$922$637$429$284$185$53
34 years$885$603$401$261$167$46
35 years$851$572$375$240$152$39
36 years$818$543$351$221$137$34
37 years$787$516$328$204$124$29
38 years$758$490$307$188$113$25
39 years$730$466$288$173$102$22
40 years$704$444$270$160$93$19
41 years$679$422$253$148$84$16
42 years$656$402$237$136$76$14
43 years$633$383$223$126$69$12
44 years$612$365$209$116$63$11
45 years$592$348$196$107$57$9
46 years$572$332$184$99$52$8
47 years$554$317$173$91$47$7
48 years$536$303$163$85$43$6
49 years$519$289$153$78$39$5
50 years$503$276$144$72$35$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $515,000, adding $4,708 every year, while hoping to spend $24,183 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: 40/50/10 Blend
29$515,000$515,000$515,000$515,000
30$572,386$545,091$537,109$593,385
31$605,039$546,070$529,371$609,592
32$640,212$546,287$520,564$624,355
33$678,137$545,678$510,626$639,783
34$719,067$544,176$499,493$655,947
35$763,283$541,712$487,097$672,924
36$811,091$538,209$473,368$690,805
37$862,830$533,589$458,233$709,689
38$918,869$527,765$441,614$729,686
39$979,617$520,649$423,432$750,921
40$1,045,523$512,146$403,602$773,535
41$1,117,080$502,155$382,036$797,681
42$1,194,830$490,568$358,642$823,534
43$1,279,371$477,274$333,325$851,289
44$1,371,359$462,153$305,983$881,161
45$1,471,517$445,078$276,513$913,392
46$1,580,640$425,914$244,804$948,251
47$1,699,602$404,522$210,743$986,038
48$1,829,368$380,749$174,209$1,027,086
49$1,970,996$354,439$135,078$1,071,766
50$2,125,654$325,423$93,219$1,120,491
51$2,294,626$293,524$48,497$1,173,721
52$2,479,327$258,555$770$1,231,967
53$2,681,312$220,318$0$1,295,795
54$2,902,296$178,603$0$1,371,187
55$3,144,166$133,191$0$1,453,928
56$3,409,001$83,847$0$1,544,727
57$3,699,089$30,326$0$1,644,464
58$4,016,950$0$0$1,754,115
59$4,365,361$0$0$1,889,962
60$4,747,379$0$0$2,057,276
61$5,166,370$0$0$2,240,853
62$5,626,043$0$0$2,442,327
63$6,130,482$0$0$2,663,499
64$6,684,188$0$0$2,906,349
65$7,292,116$0$0$3,173,063
66$7,959,727$0$0$3,466,045
67$8,693,034$0$0$3,787,944
68$9,498,662$0$0$4,141,681
69$10,383,912$0$0$4,530,471
70$11,356,823$0$0$4,957,858
71$12,426,254$0$0$5,427,744
72$13,601,965$0$0$5,944,430
73$14,894,708$0$0$6,512,654
74$16,316,328$0$0$7,137,637
75$17,879,878$0$0$7,825,131
76$19,599,738$0$0$8,581,471
77$21,491,752$0$0$9,413,640
78$23,573,374$0$0$10,329,332
79$25,863,841$0$0$11,337,023
80$28,384,344$0$0$12,446,052
81$31,158,233$0$0$13,666,710
82$34,211,238$0$0$15,010,338
83$37,571,707$0$0$16,489,429
84$41,270,878$0$0$18,117,750
85$45,343,171$0$0$19,910,471
86$49,826,511$0$0$21,884,308
87$54,762,690$0$0$24,057,680
88$60,197,756$0$0$26,450,884
89$66,182,451$0$0$29,086,282
90$72,772,687$0$0$31,988,519
91$80,030,076$0$0$35,184,751
92$88,022,507$0$0$38,704,901
93$96,824,791$0$0$42,581,942
94$106,519,364$0$0$46,852,210
95$117,197,064$0$0$51,555,742
96$128,957,991$0$0$56,736,659
97$141,912,447$0$0$62,443,581
98$156,181,981$0$0$68,730,081
99$171,900,533$0$0$75,655,199
100$189,215,698$0$0$83,283,989