Can I retire at age 30 with 517,000?

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 $517,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$42,693$42,313$41,942$41,580$41,226$40,230
2 years$21,135$20,742$20,360$19,990$19,632$18,633
3 years$13,950$13,555$13,174$12,808$12,455$11,487
4 years$10,358$9,964$9,588$9,227$8,883$7,952
5 years$8,204$7,812$7,440$7,088$6,753$5,861
6 years$6,768$6,379$6,013$5,668$5,343$4,493
7 years$5,743$5,357$4,997$4,660$4,345$3,536
8 years$4,974$4,592$4,238$3,909$3,605$2,835
9 years$4,377$3,998$3,650$3,330$3,036$2,306
10 years$3,899$3,524$3,182$2,870$2,587$1,896
11 years$3,508$3,137$2,801$2,498$2,225$1,572
12 years$3,183$2,816$2,486$2,191$1,928$1,312
13 years$2,908$2,545$2,221$1,934$1,681$1,101
14 years$2,673$2,313$1,996$1,717$1,474$928
15 years$2,469$2,113$1,802$1,531$1,298$785
16 years$2,291$1,939$1,634$1,371$1,147$666
17 years$2,133$1,786$1,487$1,232$1,017$567
18 years$1,994$1,650$1,357$1,110$904$483
19 years$1,869$1,529$1,242$1,003$806$413
20 years$1,757$1,421$1,140$909$720$353
21 years$1,656$1,324$1,049$825$644$302
22 years$1,564$1,235$967$750$577$259
23 years$1,480$1,156$892$683$518$222
24 years$1,403$1,083$825$623$466$191
25 years$1,333$1,016$764$569$419$164
26 years$1,268$955$709$520$378$141
27 years$1,208$899$658$476$340$121
28 years$1,152$847$612$436$307$104
29 years$1,101$799$570$400$277$90
30 years$1,052$754$531$367$251$77
31 years$1,007$713$495$337$227$67
32 years$965$675$461$310$205$57
33 years$926$639$431$285$185$49
34 years$889$606$403$262$168$43
35 years$854$574$376$241$152$37
36 years$821$545$352$222$138$32
37 years$790$518$330$205$125$27
38 years$761$492$309$189$113$24
39 years$733$468$289$174$103$20
40 years$707$445$271$161$93$18
41 years$682$424$254$148$85$15
42 years$658$404$238$137$77$13
43 years$636$385$224$126$70$11
44 years$614$367$210$116$63$10
45 years$594$350$197$108$57$8
46 years$574$334$185$99$52$7
47 years$556$318$174$92$47$6
48 years$538$304$163$85$43$5
49 years$521$290$154$78$39$5
50 years$505$277$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 $517,000, adding $5,591 every year, while hoping to spend $36,011 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: 62/18/20 Blend
29$517,000$517,000$517,000$517,000
30$575,501$548,100$540,087$607,879
31$595,887$536,642$519,864$618,936
32$617,145$523,415$497,757$626,488
33$639,326$508,295$473,665$633,907
34$662,486$491,150$447,481$641,182
35$686,684$471,840$419,096$648,306
36$711,983$450,218$388,393$655,270
37$738,453$426,126$355,252$662,068
38$766,170$399,401$319,547$668,693
39$795,214$369,866$281,147$675,141
40$825,674$337,338$239,913$681,409
41$857,645$301,620$195,703$687,496
42$891,232$262,506$148,366$693,403
43$926,546$219,778$97,745$699,134
44$963,712$173,205$43,677$704,695
45$1,002,862$122,543$0$710,097
46$1,044,142$67,536$0$718,346
47$1,087,711$7,912$0$736,610
48$1,133,742$0$0$755,622
49$1,182,423$0$0$786,668
50$1,233,960$0$0$821,213
51$1,288,579$0$0$857,841
52$1,346,524$0$0$896,720
53$1,408,065$0$0$938,034
54$1,473,494$0$0$981,982
55$1,543,135$0$0$1,028,783
56$1,617,339$0$0$1,078,677
57$1,696,490$0$0$1,131,926
58$1,781,012$0$0$1,188,819
59$1,871,366$0$0$1,249,669
60$1,968,061$0$0$1,314,824
61$2,071,651$0$0$1,384,661
62$2,182,747$0$0$1,459,597
63$2,302,019$0$0$1,540,088
64$2,430,200$0$0$1,626,635
65$2,568,097$0$0$1,719,788
66$2,716,595$0$0$1,820,151
67$2,876,666$0$0$1,928,386
68$3,049,378$0$0$2,045,222
69$3,235,905$0$0$2,171,460
70$3,437,535$0$0$2,307,979
71$3,655,686$0$0$2,455,747
72$3,891,915$0$0$2,615,826
73$4,147,935$0$0$2,789,386
74$4,425,629$0$0$2,977,711
75$4,727,068$0$0$3,182,215
76$5,054,529$0$0$3,404,454
77$5,410,518$0$0$3,646,136
78$5,797,792$0$0$3,909,145
79$6,219,383$0$0$4,195,550
80$6,678,628$0$0$4,507,631
81$7,179,199$0$0$4,847,893
82$7,725,138$0$0$5,219,098
83$8,320,893$0$0$5,624,283
84$8,971,360$0$0$6,066,790
85$9,681,930$0$0$6,550,302
86$10,458,536$0$0$7,078,869
87$11,307,711$0$0$7,656,955
88$12,236,647$0$0$8,289,470
89$13,253,265$0$0$8,981,824
90$14,366,285$0$0$9,739,974
91$15,585,310$0$0$10,570,478
92$16,920,916$0$0$11,480,559
93$18,384,750$0$0$12,478,174
94$19,989,639$0$0$13,572,083
95$21,749,710$0$0$14,771,937
96$23,680,524$0$0$16,088,364
97$25,799,221$0$0$17,533,071
98$28,124,677$0$0$19,118,956
99$30,677,689$0$0$20,860,222
100$33,481,164$0$0$22,772,518