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%16.2%
1 years$42,776$42,395$42,023$41,660$41,306$40,258
2 years$21,176$20,782$20,400$20,029$19,670$18,621
3 years$13,977$13,581$13,200$12,833$12,479$11,462
4 years$10,378$9,984$9,606$9,245$8,900$7,923
5 years$8,220$7,827$7,455$7,101$6,766$5,831
6 years$6,781$6,392$6,025$5,679$5,354$4,462
7 years$5,754$5,368$5,006$4,669$4,354$3,505
8 years$4,984$4,601$4,246$3,917$3,612$2,806
9 years$4,385$4,006$3,657$3,336$3,042$2,278
10 years$3,907$3,531$3,188$2,876$2,592$1,870
11 years$3,515$3,144$2,807$2,503$2,229$1,547
12 years$3,189$2,821$2,491$2,195$1,932$1,289
13 years$2,914$2,550$2,226$1,938$1,684$1,079
14 years$2,678$2,318$2,000$1,720$1,477$908
15 years$2,474$2,117$1,805$1,534$1,300$767
16 years$2,295$1,943$1,637$1,374$1,149$649
17 years$2,138$1,789$1,490$1,234$1,019$551
18 years$1,998$1,653$1,360$1,112$906$469
19 years$1,873$1,532$1,245$1,005$807$399
20 years$1,761$1,424$1,142$910$721$341
21 years$1,659$1,326$1,051$826$645$291
22 years$1,567$1,238$968$751$578$249
23 years$1,483$1,158$894$684$519$213
24 years$1,406$1,085$827$624$467$183
25 years$1,335$1,018$766$570$420$157
26 years$1,270$957$710$521$378$134
27 years$1,210$900$660$477$341$115
28 years$1,155$848$613$437$308$99
29 years$1,103$800$571$401$278$85
30 years$1,054$756$532$368$251$73
31 years$1,009$715$496$338$227$63
32 years$967$676$462$310$205$54
33 years$928$640$432$285$186$46
34 years$891$607$403$263$168$40
35 years$856$576$377$242$152$34
36 years$823$546$353$223$138$29
37 years$792$519$330$205$125$25
38 years$762$493$309$189$113$22
39 years$735$469$290$174$103$19
40 years$708$446$272$161$93$16
41 years$683$425$255$148$85$14
42 years$659$404$239$137$77$12
43 years$637$385$224$126$70$10
44 years$615$367$210$117$63$9
45 years$595$350$198$108$57$8
46 years$575$334$186$100$52$7
47 years$557$319$174$92$47$6
48 years$539$304$164$85$43$5
49 years$522$291$154$79$39$4
50 years$506$278$145$73$35$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $518,000, adding $5,630 every year, while hoping to spend $39,294 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: 34/37/29 Blend
29$518,000$518,000$518,000$518,000
30$576,643$549,189$541,160$591,044
31$593,652$534,291$517,481$587,515
32$611,080$517,346$491,691$579,820
33$628,926$498,212$463,679$570,770
34$647,191$476,739$433,327$560,270
35$665,874$452,769$400,512$548,222
36$684,972$426,133$365,108$534,521
37$704,479$396,654$326,980$519,057
38$724,390$364,145$285,988$501,713
39$744,696$328,406$241,987$482,364
40$765,386$289,228$194,824$460,880
41$786,444$246,389$144,339$437,121
42$807,855$199,656$90,368$410,941
43$829,597$148,780$32,736$382,184
44$851,646$93,500$0$350,684
45$873,973$33,541$0$325,170
46$896,545$0$0$307,944
47$919,321$0$0$301,510
48$942,258$0$0$308,751
49$965,303$0$0$315,991
50$988,398$0$0$323,204
51$1,011,473$0$0$330,366
52$1,034,454$0$0$337,445
53$1,057,252$0$0$344,408
54$1,079,771$0$0$351,215
55$1,101,899$0$0$357,826
56$1,123,511$0$0$364,190
57$1,144,469$0$0$370,254
58$1,164,614$0$0$375,958
59$1,183,772$0$0$381,233
60$1,201,745$0$0$386,005
61$1,218,314$0$0$390,189
62$1,233,234$0$0$393,691
63$1,246,232$0$0$396,407
64$1,257,002$0$0$398,220
65$1,265,206$0$0$399,002
66$1,270,466$0$0$398,609
67$1,272,364$0$0$396,882
68$1,270,432$0$0$393,643
69$1,264,155$0$0$388,697
70$1,252,958$0$0$381,825
71$1,236,205$0$0$372,788
72$1,213,189$0$0$361,317
73$1,183,128$0$0$347,117
74$1,145,157$0$0$329,860
75$1,098,315$0$0$309,184
76$1,041,540$0$0$284,688
77$973,657$0$0$255,929
78$893,364$0$0$222,415
79$799,225$0$0$183,605
80$689,647$0$0$138,899
81$562,873$0$0$87,636
82$416,959$0$0$29,082
83$249,757$0$0$0
84$58,894$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0