Can I retire at age 30 with 519,000?

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 $519,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$42,859$42,477$42,104$41,741$41,386$40,353
2 years$21,217$20,822$20,439$20,068$19,708$18,673
3 years$14,004$13,607$13,225$12,858$12,503$11,500
4 years$10,398$10,003$9,625$9,263$8,917$7,953
5 years$8,236$7,842$7,469$7,115$6,779$5,856
6 years$6,794$6,404$6,036$5,690$5,364$4,484
7 years$5,765$5,378$5,016$4,678$4,362$3,524
8 years$4,993$4,610$4,254$3,924$3,619$2,823
9 years$4,394$4,014$3,664$3,343$3,048$2,294
10 years$3,914$3,538$3,194$2,881$2,597$1,883
11 years$3,522$3,150$2,812$2,508$2,233$1,559
12 years$3,196$2,827$2,496$2,200$1,935$1,300
13 years$2,919$2,555$2,230$1,942$1,688$1,089
14 years$2,683$2,322$2,004$1,724$1,479$917
15 years$2,478$2,121$1,809$1,537$1,303$775
16 years$2,299$1,946$1,640$1,376$1,151$656
17 years$2,142$1,792$1,492$1,237$1,021$558
18 years$2,002$1,656$1,362$1,115$908$475
19 years$1,876$1,535$1,247$1,007$809$405
20 years$1,764$1,426$1,145$912$723$346
21 years$1,662$1,329$1,053$828$647$295
22 years$1,570$1,240$970$753$580$253
23 years$1,486$1,160$896$685$520$217
24 years$1,409$1,087$829$625$468$186
25 years$1,338$1,020$767$571$421$159
26 years$1,273$959$712$522$379$137
27 years$1,213$902$661$478$342$117
28 years$1,157$850$614$438$308$101
29 years$1,105$802$572$401$278$87
30 years$1,056$757$533$368$252$75
31 years$1,011$716$497$338$227$64
32 years$969$677$463$311$206$55
33 years$929$642$433$286$186$47
34 years$892$608$404$263$169$41
35 years$857$577$378$242$153$35
36 years$824$547$353$223$138$30
37 years$793$520$331$206$125$26
38 years$764$494$310$189$114$22
39 years$736$470$290$175$103$19
40 years$710$447$272$161$94$17
41 years$685$426$255$149$85$14
42 years$661$405$239$137$77$12
43 years$638$386$225$127$70$11
44 years$617$368$211$117$63$9
45 years$596$351$198$108$58$8
46 years$577$335$186$100$52$7
47 years$558$320$175$92$47$6
48 years$540$305$164$85$43$5
49 years$523$291$154$79$39$4
50 years$507$278$145$73$36$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $519,000, adding $2,845 every year, while hoping to spend $38,733 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: 64/22/14 Blend
29$519,000$519,000$519,000$519,000
30$574,873$547,366$539,321$609,565
31$592,298$532,975$516,177$618,749
32$610,203$516,581$490,959$624,050
33$628,594$498,045$463,557$628,887
34$647,481$477,219$433,856$633,215
35$666,869$453,948$401,736$636,986
36$686,765$428,067$367,069$640,148
37$707,175$399,401$329,726$642,647
38$728,103$367,768$289,568$644,422
39$749,553$332,972$246,451$645,412
40$771,526$294,807$200,227$645,548
41$794,025$253,055$150,737$644,758
42$817,049$207,488$97,820$642,967
43$840,595$157,862$41,304$640,090
44$864,659$103,921$0$636,042
45$889,235$45,393$0$633,567
46$914,313$0$0$636,496
47$939,883$0$0$642,931
48$965,928$0$0$660,672
49$992,431$0$0$678,715
50$1,019,368$0$0$697,045
51$1,046,712$0$0$715,641
52$1,074,432$0$0$734,479
53$1,102,489$0$0$753,534
54$1,130,840$0$0$772,772
55$1,159,434$0$0$792,158
56$1,188,211$0$0$811,648
57$1,217,105$0$0$831,196
58$1,246,038$0$0$850,745
59$1,274,923$0$0$870,233
60$1,303,661$0$0$889,590
61$1,332,139$0$0$908,734
62$1,360,231$0$0$927,577
63$1,387,792$0$0$946,014
64$1,414,662$0$0$963,933
65$1,440,661$0$0$981,205
66$1,465,585$0$0$997,685
67$1,489,208$0$0$1,013,213
68$1,511,275$0$0$1,027,608
69$1,531,504$0$0$1,040,670
70$1,549,577$0$0$1,052,173
71$1,565,143$0$0$1,061,869
72$1,577,807$0$0$1,069,478
73$1,587,134$0$0$1,074,691
74$1,592,636$0$0$1,077,164
75$1,593,773$0$0$1,076,514
76$1,589,945$0$0$1,072,317
77$1,580,485$0$0$1,064,100
78$1,564,653$0$0$1,051,341
79$1,541,630$0$0$1,033,460
80$1,510,506$0$0$1,009,814
81$1,470,274$0$0$979,690
82$1,419,818$0$0$942,300
83$1,357,902$0$0$896,771
84$1,283,158$0$0$842,137
85$1,194,073$0$0$777,327
86$1,088,972$0$0$701,159
87$966,003$0$0$612,326
88$823,120$0$0$509,380
89$658,057$0$0$390,723
90$468,315$0$0$254,590
91$251,127$0$0$99,027
92$3,440$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