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%14.1%
1 years$42,611$42,231$41,861$41,499$41,147$40,448
2 years$21,094$20,702$20,321$19,952$19,594$18,892
3 years$13,923$13,529$13,149$12,783$12,431$11,748
4 years$10,338$9,945$9,569$9,210$8,866$8,207
5 years$8,188$7,797$7,426$7,074$6,740$6,107
6 years$6,755$6,367$6,001$5,657$5,333$4,727
7 years$5,732$5,347$4,987$4,651$4,337$3,758
8 years$4,965$4,583$4,229$3,902$3,598$3,046
9 years$4,368$3,991$3,643$3,323$3,030$2,504
10 years$3,891$3,517$3,176$2,865$2,582$2,082
11 years$3,502$3,131$2,796$2,493$2,220$1,746
12 years$3,177$2,811$2,481$2,187$1,924$1,474
13 years$2,903$2,540$2,217$1,931$1,678$1,252
14 years$2,668$2,309$1,992$1,714$1,471$1,068
15 years$2,464$2,109$1,798$1,528$1,295$915
16 years$2,286$1,935$1,631$1,369$1,145$786
17 years$2,129$1,782$1,484$1,230$1,015$678
18 years$1,990$1,647$1,354$1,108$902$585
19 years$1,866$1,526$1,240$1,001$804$507
20 years$1,754$1,418$1,138$907$718$439
21 years$1,653$1,321$1,047$823$643$381
22 years$1,561$1,233$965$748$576$331
23 years$1,477$1,153$891$682$517$288
24 years$1,401$1,081$824$622$465$251
25 years$1,330$1,014$763$568$418$219
26 years$1,266$953$708$519$377$191
27 years$1,206$897$657$475$340$167
28 years$1,150$845$611$435$307$146
29 years$1,098$797$568$399$277$127
30 years$1,050$753$529$366$250$111
31 years$1,005$712$494$336$226$97
32 years$963$674$461$309$205$85
33 years$924$638$430$284$185$74
34 years$887$605$402$262$168$65
35 years$852$573$376$241$152$57
36 years$820$544$351$222$138$50
37 years$789$517$329$204$125$44
38 years$759$491$308$188$113$38
39 years$732$467$289$174$102$33
40 years$705$444$270$160$93$29
41 years$681$423$254$148$84$26
42 years$657$403$238$136$77$22
43 years$634$384$223$126$69$20
44 years$613$366$210$116$63$17
45 years$593$349$197$107$57$15
46 years$573$333$185$99$52$13
47 years$555$318$174$92$47$12
48 years$537$303$163$85$43$10
49 years$520$290$153$78$39$9
50 years$504$277$144$72$35$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $516,000, adding $6,490 every year, while hoping to spend $25,887 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: 64/18/18 Blend
29$516,000$516,000$516,000$516,000
30$575,326$547,978$539,980$609,152
31$606,466$547,286$530,526$631,968
32$639,915$545,692$519,888$653,348
33$675,880$543,124$507,998$676,088
34$714,590$539,508$494,786$700,323
35$756,297$534,763$480,180$726,201
36$801,275$528,802$464,103$753,886
37$849,829$521,537$446,473$783,559
38$902,289$512,870$427,208$815,422
39$959,023$502,701$406,219$849,697
40$1,020,431$490,921$383,416$886,630
41$1,086,956$477,417$358,702$926,493
42$1,159,084$462,069$331,976$969,588
43$1,237,348$444,748$303,135$1,016,248
44$1,322,336$425,319$272,069$1,066,842
45$1,414,695$403,640$238,663$1,121,777
46$1,515,135$379,560$202,800$1,181,504
47$1,624,438$352,918$164,353$1,246,521
48$1,743,465$323,545$123,193$1,317,380
49$1,873,163$291,263$79,184$1,394,688
50$2,014,574$255,883$32,185$1,479,120
51$2,168,844$217,205$0$1,571,419
52$2,337,237$175,019$0$1,675,859
53$2,521,142$129,102$0$1,796,717
54$2,722,089$79,218$0$1,928,840
55$2,941,761$25,119$0$2,073,368
56$3,182,014$0$0$2,231,560
57$3,444,888$0$0$2,411,429
58$3,732,633$0$0$2,613,797
59$4,047,723$0$0$2,835,433
60$4,392,885$0$0$3,078,259
61$4,771,120$0$0$3,344,393
62$5,185,736$0$0$3,636,164
63$5,640,373$0$0$3,956,142
64$6,139,042$0$0$4,307,154
65$6,686,161$0$0$4,692,314
66$7,286,596$0$0$5,115,055
67$7,945,706$0$0$5,579,155
68$8,669,396$0$0$6,088,778
69$9,464,168$0$0$6,648,509
70$10,337,188$0$0$7,263,402
71$11,296,348$0$0$7,939,021
72$12,350,342$0$0$8,681,498
73$13,508,749$0$0$9,497,588
74$14,782,122$0$0$10,394,731
75$16,182,087$0$0$11,381,128
76$17,721,452$0$0$12,465,811
77$19,414,329$0$0$13,658,730
78$21,276,266$0$0$14,970,853
79$23,324,394$0$0$16,414,258
80$25,577,586$0$0$18,002,256
81$28,056,638$0$0$19,749,513
82$30,784,462$0$0$21,672,187
83$33,786,306$0$0$23,788,083
84$37,089,984$0$0$26,116,819
85$40,726,149$0$0$28,680,010
86$44,728,571$0$0$31,501,474
87$49,134,463$0$0$34,607,454
88$53,984,829$0$0$38,026,868
89$59,324,850$0$0$41,791,580
90$65,204,311$0$0$45,936,701
91$71,678,069$0$0$50,500,919
92$78,806,572$0$0$55,526,866
93$86,656,429$0$0$61,061,517
94$95,301,035$0$0$67,156,636
95$104,821,270$0$0$73,869,263
96$115,306,254$0$0$81,262,251
97$126,854,193$0$0$89,404,862
98$139,573,302$0$0$98,373,415
99$153,582,830$0$0$108,252,012
100$169,014,181$0$0$119,133,328