Can I retire at age 30 with 516,000?

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 $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%12.2%
1 years$42,611$42,231$41,861$41,499$41,147$40,768
2 years$21,094$20,702$20,321$19,952$19,594$19,212
3 years$13,923$13,529$13,149$12,783$12,431$12,058
4 years$10,338$9,945$9,569$9,210$8,866$8,505
5 years$8,188$7,797$7,426$7,074$6,740$6,392
6 years$6,755$6,367$6,001$5,657$5,333$4,998
7 years$5,732$5,347$4,987$4,651$4,337$4,016
8 years$4,965$4,583$4,229$3,902$3,598$3,290
9 years$4,368$3,991$3,643$3,323$3,030$2,736
10 years$3,891$3,517$3,176$2,865$2,582$2,301
11 years$3,502$3,131$2,796$2,493$2,220$1,952
12 years$3,177$2,811$2,481$2,187$1,924$1,669
13 years$2,903$2,540$2,217$1,931$1,678$1,435
14 years$2,668$2,309$1,992$1,714$1,471$1,240
15 years$2,464$2,109$1,798$1,528$1,295$1,076
16 years$2,286$1,935$1,631$1,369$1,145$937
17 years$2,129$1,782$1,484$1,230$1,015$818
18 years$1,990$1,647$1,354$1,108$902$717
19 years$1,866$1,526$1,240$1,001$804$629
20 years$1,754$1,418$1,138$907$718$553
21 years$1,653$1,321$1,047$823$643$487
22 years$1,561$1,233$965$748$576$429
23 years$1,477$1,153$891$682$517$379
24 years$1,401$1,081$824$622$465$335
25 years$1,330$1,014$763$568$418$296
26 years$1,266$953$708$519$377$263
27 years$1,206$897$657$475$340$233
28 years$1,150$845$611$435$307$206
29 years$1,098$797$568$399$277$183
30 years$1,050$753$529$366$250$163
31 years$1,005$712$494$336$226$144
32 years$963$674$461$309$205$128
33 years$924$638$430$284$185$114
34 years$887$605$402$262$168$101
35 years$852$573$376$241$152$90
36 years$820$544$351$222$138$80
37 years$789$517$329$204$125$71
38 years$759$491$308$188$113$63
39 years$732$467$289$174$102$56
40 years$705$444$270$160$93$50
41 years$681$423$254$148$84$45
42 years$657$403$238$136$77$40
43 years$634$384$223$126$69$35
44 years$613$366$210$116$63$32
45 years$593$349$197$107$57$28
46 years$573$333$185$99$52$25
47 years$555$318$174$92$47$22
48 years$537$303$163$85$43$20
49 years$520$290$153$78$39$18
50 years$504$277$144$72$35$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $516,000, adding $4,587 every year, while hoping to spend $37,767 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: 39/38/23 Blend
29$516,000$516,000$516,000$516,000
30$573,363$546,015$538,017$591,650
31$591,663$532,586$515,857$591,863
32$610,563$517,234$491,689$588,204
33$630,085$499,823$465,405$583,493
34$650,252$480,212$436,894$577,655
35$671,086$458,251$406,039$570,612
36$692,613$433,781$372,717$562,284
37$714,857$406,634$336,801$552,583
38$737,845$376,632$298,157$541,418
39$761,606$343,588$256,645$528,694
40$786,167$307,301$212,121$514,309
41$811,561$267,564$164,432$498,157
42$837,819$224,153$113,419$480,126
43$864,975$176,835$58,916$460,098
44$893,064$125,362$752$437,947
45$922,124$69,472$0$413,543
46$952,194$8,889$0$401,797
47$983,315$0$0$388,690
48$1,015,532$0$0$397,634
49$1,048,891$0$0$410,748
50$1,083,439$0$0$424,335
51$1,119,230$0$0$438,416
52$1,156,318$0$0$453,014
53$1,194,762$0$0$468,151
54$1,234,622$0$0$483,855
55$1,275,964$0$0$500,150
56$1,318,860$0$0$517,066
57$1,363,381$0$0$534,633
58$1,409,610$0$0$552,885
59$1,457,629$0$0$571,855
60$1,507,529$0$0$591,581
61$1,559,408$0$0$612,103
62$1,613,369$0$0$633,464
63$1,669,523$0$0$655,711
64$1,727,990$0$0$678,891
65$1,788,899$0$0$703,060
66$1,852,386$0$0$728,274
67$1,918,602$0$0$754,595
68$1,987,706$0$0$782,090
69$2,059,870$0$0$810,831
70$2,135,282$0$0$840,896
71$2,214,143$0$0$872,369
72$2,296,671$0$0$905,343
73$2,383,103$0$0$939,915
74$2,473,694$0$0$976,194
75$2,568,722$0$0$1,014,296
76$2,668,489$0$0$1,054,349
77$2,773,321$0$0$1,096,489
78$2,883,574$0$0$1,140,868
79$2,999,636$0$0$1,187,648
80$3,121,926$0$0$1,237,008
81$3,250,905$0$0$1,289,141
82$3,387,071$0$0$1,344,260
83$3,530,971$0$0$1,402,595
84$3,683,198$0$0$1,464,398
85$3,844,403$0$0$1,529,946
86$4,015,295$0$0$1,599,539
87$4,196,649$0$0$1,673,508
88$4,389,312$0$0$1,752,212
89$4,594,212$0$0$1,836,045
90$4,812,363$0$0$1,925,441
91$5,044,876$0$0$2,020,872
92$5,292,968$0$0$2,122,856
93$5,557,970$0$0$2,231,962
94$5,841,344$0$0$2,348,813
95$6,144,691$0$0$2,474,093
96$6,469,766$0$0$2,608,550
97$6,818,496$0$0$2,753,009
98$7,192,994$0$0$2,908,371
99$7,595,580$0$0$3,075,629
100$8,028,800$0$0$3,255,871