Can I retire at age 30 with 516,000?

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 $516,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.2%
1 years$42,611$42,231$41,861$41,499$41,147$39,782
2 years$21,094$20,702$20,321$19,952$19,594$18,232
3 years$13,923$13,529$13,149$12,783$12,431$11,115
4 years$10,338$9,945$9,569$9,210$8,866$7,606
5 years$8,188$7,797$7,426$7,074$6,740$5,539
6 years$6,755$6,367$6,001$5,657$5,333$4,192
7 years$5,732$5,347$4,987$4,651$4,337$3,256
8 years$4,965$4,583$4,229$3,902$3,598$2,576
9 years$4,368$3,991$3,643$3,323$3,030$2,067
10 years$3,891$3,517$3,176$2,865$2,582$1,675
11 years$3,502$3,131$2,796$2,493$2,220$1,368
12 years$3,177$2,811$2,481$2,187$1,924$1,125
13 years$2,903$2,540$2,217$1,931$1,678$929
14 years$2,668$2,309$1,992$1,714$1,471$771
15 years$2,464$2,109$1,798$1,528$1,295$642
16 years$2,286$1,935$1,631$1,369$1,145$536
17 years$2,129$1,782$1,484$1,230$1,015$448
18 years$1,990$1,647$1,354$1,108$902$375
19 years$1,866$1,526$1,240$1,001$804$315
20 years$1,754$1,418$1,138$907$718$265
21 years$1,653$1,321$1,047$823$643$223
22 years$1,561$1,233$965$748$576$188
23 years$1,477$1,153$891$682$517$158
24 years$1,401$1,081$824$622$465$133
25 years$1,330$1,014$763$568$418$112
26 years$1,266$953$708$519$377$95
27 years$1,206$897$657$475$340$80
28 years$1,150$845$611$435$307$68
29 years$1,098$797$568$399$277$57
30 years$1,050$753$529$366$250$48
31 years$1,005$712$494$336$226$41
32 years$963$674$461$309$205$35
33 years$924$638$430$284$185$29
34 years$887$605$402$262$168$25
35 years$852$573$376$241$152$21
36 years$820$544$351$222$138$18
37 years$789$517$329$204$125$15
38 years$759$491$308$188$113$13
39 years$732$467$289$174$102$11
40 years$705$444$270$160$93$9
41 years$681$423$254$148$84$8
42 years$657$403$238$136$77$6
43 years$634$384$223$126$69$5
44 years$613$366$210$116$63$5
45 years$593$349$197$107$57$4
46 years$573$333$185$99$52$3
47 years$555$318$174$92$47$3
48 years$537$303$163$85$43$2
49 years$520$290$153$78$39$2
50 years$504$277$144$72$35$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $516,000, adding $3,626 every year, while hoping to spend $33,217 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: 60/25/15 Blend
29$516,000$516,000$516,000$516,000
30$572,372$545,024$537,026$604,344
31$595,412$536,388$519,674$617,690
32$619,688$526,215$500,627$628,208
33$645,291$514,395$479,794$638,898
34$672,322$500,812$457,078$649,780
35$700,889$485,341$432,380$660,878
36$731,108$467,851$405,593$672,219
37$763,110$448,205$376,610$683,835
38$797,035$426,255$345,314$695,764
39$833,038$401,846$311,587$708,047
40$871,286$374,815$275,303$720,735
41$911,963$344,987$236,332$733,882
42$955,271$312,179$194,537$747,554
43$1,001,431$276,198$149,776$761,822
44$1,050,684$236,839$101,900$776,771
45$1,103,294$193,885$50,755$792,494
46$1,159,553$147,107$0$809,099
47$1,219,776$96,265$0$827,318
48$1,284,314$41,103$0$855,384
49$1,353,549$0$0$885,348
50$1,427,900$0$0$922,542
51$1,507,828$0$0$974,711
52$1,593,839$0$0$1,030,880
53$1,686,487$0$0$1,091,415
54$1,786,383$0$0$1,156,720
55$1,894,196$0$0$1,227,236
56$2,010,662$0$0$1,303,450
57$2,136,591$0$0$1,385,895
58$2,272,871$0$0$1,475,159
59$2,420,480$0$0$1,571,886
60$2,580,491$0$0$1,676,787
61$2,754,088$0$0$1,790,642
62$2,942,568$0$0$1,914,308
63$3,147,361$0$0$2,048,731
64$3,370,040$0$0$2,194,949
65$3,612,334$0$0$2,354,104
66$3,876,146$0$0$2,527,454
67$4,163,571$0$0$2,716,382
68$4,476,912$0$0$2,922,412
69$4,818,708$0$0$3,147,219
70$5,191,749$0$0$3,392,647
71$5,599,108$0$0$3,660,729
72$6,044,168$0$0$3,953,699
73$6,530,655$0$0$4,274,018
74$7,062,667$0$0$4,624,397
75$7,644,720$0$0$5,007,819
76$8,281,784$0$0$5,427,570
77$8,979,334$0$0$5,887,267
78$9,743,398$0$0$6,390,895
79$10,580,614$0$0$6,942,842
80$11,498,292$0$0$7,547,940
81$12,504,485$0$0$8,211,511
82$13,608,061$0$0$8,939,417
83$14,818,787$0$0$9,738,114
84$16,147,423$0$0$10,614,716
85$17,605,818$0$0$11,577,055
86$19,207,028$0$0$12,633,762
87$20,965,432$0$0$13,794,342
88$22,896,870$0$0$15,069,267
89$25,018,794$0$0$16,470,073
90$27,350,426$0$0$18,009,470
91$29,912,947$0$0$19,701,457
92$32,729,686$0$0$21,561,460
93$35,826,351$0$0$23,606,473
94$39,231,259$0$0$25,855,219
95$42,975,613$0$0$28,328,324
96$47,093,787$0$0$31,048,516
97$51,623,658$0$0$34,040,834
98$56,606,954$0$0$37,332,869
99$62,089,653$0$0$40,955,016
100$68,122,414$0$0$44,940,770