Can I retire at age 30 with 523,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $523,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$43,189$42,804$42,429$42,062$41,705$40,145
2 years$21,381$20,982$20,597$20,222$19,859$18,306
3 years$14,112$13,712$13,327$12,957$12,600$11,101
4 years$10,479$10,080$9,699$9,335$8,986$7,554
5 years$8,299$7,903$7,527$7,170$6,831$5,470
6 years$6,847$6,453$6,083$5,734$5,405$4,115
7 years$5,809$5,419$5,055$4,714$4,396$3,176
8 years$5,032$4,645$4,287$3,954$3,647$2,497
9 years$4,428$4,045$3,692$3,368$3,071$1,989
10 years$3,944$3,565$3,219$2,904$2,617$1,601
11 years$3,549$3,174$2,834$2,527$2,251$1,298
12 years$3,220$2,849$2,515$2,216$1,950$1,060
13 years$2,942$2,574$2,247$1,957$1,701$869
14 years$2,704$2,340$2,019$1,737$1,491$715
15 years$2,497$2,138$1,823$1,549$1,313$591
16 years$2,317$1,961$1,653$1,387$1,160$489
17 years$2,158$1,806$1,504$1,246$1,029$406
18 years$2,017$1,669$1,373$1,123$915$337
19 years$1,891$1,547$1,257$1,015$815$281
20 years$1,778$1,437$1,153$919$728$234
21 years$1,675$1,339$1,061$834$652$195
22 years$1,582$1,250$978$758$584$163
23 years$1,497$1,169$903$691$524$136
24 years$1,420$1,095$835$630$471$114
25 years$1,348$1,028$773$575$424$95
26 years$1,283$966$717$526$382$80
27 years$1,222$909$666$482$344$67
28 years$1,166$857$619$441$311$56
29 years$1,113$808$576$405$281$47
30 years$1,065$763$537$371$254$39
31 years$1,019$721$500$341$229$33
32 years$977$683$467$313$207$27
33 years$937$646$436$288$188$23
34 years$899$613$407$265$170$19
35 years$864$581$381$244$154$16
36 years$831$552$356$225$139$14
37 years$799$524$333$207$126$11
38 years$770$498$312$191$115$9
39 years$742$473$292$176$104$8
40 years$715$450$274$162$94$7
41 years$690$429$257$150$85$6
42 years$666$408$241$138$78$5
43 years$643$389$226$128$70$4
44 years$621$371$212$118$64$3
45 years$601$354$199$109$58$3
46 years$581$337$187$101$53$2
47 years$562$322$176$93$48$2
48 years$544$307$165$86$43$2
49 years$527$294$155$79$39$1
50 years$511$280$146$73$36$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $523,000, adding $3,600 every year, while hoping to spend $21,519 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: 21/50/29 Blend
29$523,000$523,000$523,000$523,000
30$580,059$552,340$544,234$586,848
31$616,329$556,509$539,570$597,511
32$655,578$560,161$534,028$606,888
33$698,085$563,247$527,557$616,446
34$744,162$565,718$520,101$626,213
35$794,146$567,518$511,605$636,222
36$848,412$568,590$502,007$646,511
37$907,371$568,872$491,245$657,125
38$971,476$568,299$479,254$668,114
39$1,041,222$566,802$465,965$679,537
40$1,117,159$564,307$451,307$691,460
41$1,199,888$560,737$435,205$703,959
42$1,290,072$556,008$417,579$717,121
43$1,388,440$550,033$398,349$731,044
44$1,495,795$542,719$377,428$745,840
45$1,613,021$533,967$354,726$761,634
46$1,741,090$523,673$330,151$778,569
47$1,881,074$511,726$303,604$796,805
48$2,034,152$498,009$274,983$816,524
49$2,201,622$482,398$244,182$837,928
50$2,384,914$464,761$211,088$861,246
51$2,585,601$444,960$175,585$886,736
52$2,805,417$422,848$137,552$914,683
53$3,046,271$398,269$96,862$945,411
54$3,310,266$371,059$53,381$979,281
55$3,599,716$341,044$6,972$1,016,695
56$3,917,171$308,040$0$1,058,104
57$4,265,441$271,852$0$1,117,178
58$4,647,619$232,276$0$1,184,470
59$5,067,113$189,094$0$1,258,494
60$5,527,677$142,078$0$1,339,998
61$6,033,445$90,985$0$1,429,812
62$6,588,973$35,560$0$1,528,855
63$7,199,279$0$0$1,638,147
64$7,869,890$0$0$1,772,279
65$8,606,896$0$0$1,941,295
66$9,417,006$0$0$2,127,179
67$10,307,613$0$0$2,331,642
68$11,286,858$0$0$2,556,566
69$12,363,715$0$0$2,804,026
70$13,548,067$0$0$3,076,307
71$14,850,805$0$0$3,375,929
72$16,283,929$0$0$3,705,666
73$17,860,660$0$0$4,068,576
74$19,595,563$0$0$4,468,028
75$21,504,690$0$0$4,907,735
76$23,605,725$0$0$5,391,787
77$25,918,154$0$0$5,924,691
78$28,463,447$0$0$6,511,414
79$31,265,261$0$0$7,157,428
80$34,349,664$0$0$7,868,765
81$37,745,380$0$0$8,652,068
82$41,484,058$0$0$9,514,659
83$45,600,574$0$0$10,464,607
84$50,133,357$0$0$11,510,803
85$55,124,752$0$0$12,663,044
86$60,621,419$0$0$13,932,124
87$66,674,775$0$0$15,329,939
88$73,341,478$0$0$16,869,600
89$80,683,960$0$0$18,565,550
90$88,771,017$0$0$20,433,707
91$97,678,459$0$0$22,491,612
92$107,489,822$0$0$24,758,594
93$118,297,162$0$0$27,255,953
94$130,201,917$0$0$30,007,159
95$143,315,868$0$0$33,038,078
96$157,762,192$0$0$36,377,212
97$173,676,627$0$0$40,055,969
98$191,208,750$0$0$44,108,960
99$210,523,387$0$0$48,574,326
100$231,802,175$0$0$53,494,095