Can I retire at age 30 with 518,000?

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 $518,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$42,776$42,395$42,023$41,660$41,306$39,652
2 years$21,176$20,782$20,400$20,029$19,670$18,023
3 years$13,977$13,581$13,200$12,833$12,479$10,893
4 years$10,378$9,984$9,606$9,245$8,900$7,387
5 years$8,220$7,827$7,455$7,101$6,766$5,328
6 years$6,781$6,392$6,025$5,679$5,354$3,993
7 years$5,754$5,368$5,006$4,669$4,354$3,070
8 years$4,984$4,601$4,246$3,917$3,612$2,403
9 years$4,385$4,006$3,657$3,336$3,042$1,906
10 years$3,907$3,531$3,188$2,876$2,592$1,527
11 years$3,515$3,144$2,807$2,503$2,229$1,233
12 years$3,189$2,821$2,491$2,195$1,932$1,002
13 years$2,914$2,550$2,226$1,938$1,684$818
14 years$2,678$2,318$2,000$1,720$1,477$670
15 years$2,474$2,117$1,805$1,534$1,300$550
16 years$2,295$1,943$1,637$1,374$1,149$453
17 years$2,138$1,789$1,490$1,234$1,019$374
18 years$1,998$1,653$1,360$1,112$906$309
19 years$1,873$1,532$1,245$1,005$807$256
20 years$1,761$1,424$1,142$910$721$212
21 years$1,659$1,326$1,051$826$645$176
22 years$1,567$1,238$968$751$578$146
23 years$1,483$1,158$894$684$519$122
24 years$1,406$1,085$827$624$467$101
25 years$1,335$1,018$766$570$420$84
26 years$1,270$957$710$521$378$70
27 years$1,210$900$660$477$341$58
28 years$1,155$848$613$437$308$48
29 years$1,103$800$571$401$278$40
30 years$1,054$756$532$368$251$34
31 years$1,009$715$496$338$227$28
32 years$967$676$462$310$205$23
33 years$928$640$432$285$186$19
34 years$891$607$403$263$168$16
35 years$856$576$377$242$152$13
36 years$823$546$353$223$138$11
37 years$792$519$330$205$125$9
38 years$762$493$309$189$113$8
39 years$735$469$290$174$103$6
40 years$708$446$272$161$93$5
41 years$683$425$255$148$85$4
42 years$659$404$239$137$77$4
43 years$637$385$224$126$70$3
44 years$615$367$210$117$63$3
45 years$595$350$198$108$57$2
46 years$575$334$186$100$52$2
47 years$557$319$174$92$47$2
48 years$539$304$164$85$43$1
49 years$522$291$154$79$39$1
50 years$506$278$145$73$35$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $518,000, adding $4,519 every year, while hoping to spend $21,897 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: 69/6/25 Blend
29$518,000$518,000$518,000$518,000
30$575,497$548,043$540,014$611,236
31$610,900$551,599$534,807$639,318
32$649,179$554,595$528,690$667,093
33$690,607$556,981$521,612$696,977
34$735,479$558,704$513,516$729,177
35$784,122$559,705$504,344$763,923
36$836,896$559,924$494,033$801,469
37$894,196$559,297$482,520$842,095
38$956,457$557,755$469,737$886,109
39$1,024,156$555,226$455,614$933,853
40$1,097,821$551,632$440,077$985,702
41$1,178,028$546,892$423,050$1,042,072
42$1,265,417$540,920$404,452$1,103,420
43$1,360,686$533,622$384,198$1,170,254
44$1,464,609$524,902$362,201$1,243,129
45$1,578,033$514,656$338,369$1,322,661
46$1,701,893$502,775$312,605$1,409,530
47$1,837,219$489,143$284,810$1,504,485
48$1,985,142$473,638$254,878$1,608,352
49$2,146,910$456,130$222,700$1,722,043
50$2,323,896$436,482$188,161$1,846,563
51$2,517,611$414,547$151,143$1,983,024
52$2,729,721$390,174$111,520$2,132,648
53$2,962,059$363,198$69,161$2,296,785
54$3,216,642$333,448$23,932$2,476,926
55$3,495,696$300,744$0$2,674,712
56$3,801,668$264,891$0$2,898,447
57$4,137,256$225,689$0$3,150,872
58$4,505,430$182,921$0$3,427,842
59$4,909,463$136,363$0$3,731,830
60$5,352,957$85,774$0$4,065,562
61$5,839,885$30,903$0$4,432,039
62$6,374,617$0$0$4,834,571
63$6,961,974$0$0$5,278,684
64$7,607,260$0$0$5,768,873
65$8,316,324$0$0$6,307,541
66$9,095,605$0$0$6,899,586
67$9,952,200$0$0$7,550,403
68$10,893,926$0$0$8,265,936
69$11,929,397$0$0$9,052,733
70$13,068,100$0$0$9,918,009
71$14,320,492$0$0$10,869,713
72$15,698,089$0$0$11,916,603
73$17,213,585$0$0$13,068,328
74$18,880,960$0$0$14,335,520
75$20,715,624$0$0$15,729,894
76$22,734,550$0$0$17,264,357
77$24,956,444$0$0$18,953,130
78$27,401,914$0$0$20,811,885
79$30,093,670$0$0$22,857,886
80$33,056,733$0$0$25,110,161
81$36,318,673$0$0$27,589,671
82$39,909,872$0$0$30,319,518
83$43,863,803$0$0$33,325,153
84$48,217,354$0$0$36,634,624
85$53,011,170$0$0$40,278,835
86$58,290,037$0$0$44,291,842
87$64,103,309$0$0$48,711,169
88$70,505,366$0$0$53,578,167
89$77,556,134$0$0$58,938,400
90$85,321,646$0$0$64,842,077
91$93,874,666$0$0$71,344,527
92$103,295,376$0$0$78,506,715
93$113,672,131$0$0$86,395,826
94$125,102,295$0$0$95,085,891
95$137,693,157$0$0$104,658,490
96$151,562,946$0$0$115,203,520
97$166,841,943$0$0$126,820,043
98$183,673,714$0$0$139,617,224
99$202,216,464$0$0$153,715,356
100$222,644,528$0$0$169,246,997