Can I retire at age 30 with 524,000?

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 $524,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$43,271$42,886$42,510$42,143$41,784$41,469
2 years$21,422$21,023$20,636$20,261$19,897$19,579
3 years$14,139$13,738$13,353$12,981$12,624$12,313
4 years$10,499$10,099$9,717$9,352$9,003$8,702
5 years$8,315$7,918$7,541$7,184$6,844$6,554
6 years$6,860$6,466$6,094$5,745$5,416$5,136
7 years$5,821$5,430$5,064$4,723$4,404$4,136
8 years$5,042$4,654$4,295$3,962$3,654$3,396
9 years$4,436$4,052$3,699$3,375$3,077$2,830
10 years$3,952$3,572$3,225$2,909$2,622$2,386
11 years$3,556$3,180$2,839$2,532$2,255$2,030
12 years$3,226$2,854$2,520$2,221$1,954$1,739
13 years$2,948$2,579$2,251$1,961$1,704$1,500
14 years$2,709$2,345$2,023$1,740$1,494$1,299
15 years$2,502$2,142$1,826$1,552$1,315$1,130
16 years$2,322$1,965$1,656$1,390$1,162$987
17 years$2,162$1,810$1,507$1,249$1,031$864
18 years$2,021$1,672$1,375$1,125$916$759
19 years$1,894$1,550$1,259$1,017$817$668
20 years$1,781$1,440$1,156$921$730$589
21 years$1,678$1,341$1,063$836$653$520
22 years$1,585$1,252$980$760$585$460
23 years$1,500$1,171$905$692$525$408
24 years$1,422$1,097$837$631$472$361
25 years$1,351$1,030$775$576$425$321
26 years$1,285$968$719$527$383$285
27 years$1,224$911$667$482$345$253
28 years$1,168$858$620$442$311$225
29 years$1,115$810$577$405$281$201
30 years$1,067$765$538$372$254$179
31 years$1,021$723$501$342$230$159
32 years$978$684$468$314$208$142
33 years$938$648$437$289$188$127
34 years$901$614$408$266$170$113
35 years$866$582$381$245$154$101
36 years$832$553$357$225$140$90
37 years$801$525$334$208$127$80
38 years$771$499$313$191$115$72
39 years$743$474$293$176$104$64
40 years$716$451$275$163$94$57
41 years$691$430$258$150$86$51
42 years$667$409$242$139$78$46
43 years$644$390$227$128$71$41
44 years$623$372$213$118$64$36
45 years$602$354$200$109$58$33
46 years$582$338$188$101$53$29
47 years$563$323$176$93$48$26
48 years$545$308$166$86$44$23
49 years$528$294$156$79$40$21
50 years$512$281$146$73$36$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $524,000, adding $3,045 every year, while hoping to spend $29,670 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: 74/17/9 Blend
29$524,000$524,000$524,000$524,000
30$580,589$552,817$544,695$622,435
31$608,240$548,336$531,374$645,959
32$637,718$542,642$516,611$667,695
33$669,176$535,642$500,329$690,675
34$702,785$527,242$482,443$715,013
35$738,731$517,339$462,867$740,834
36$777,218$505,824$441,509$768,277
37$818,469$492,584$418,274$797,495
38$862,730$477,498$393,064$828,657
39$910,270$460,437$365,773$861,952
40$961,384$441,265$336,293$897,584
41$1,016,398$419,840$304,511$935,784
42$1,075,667$396,009$270,309$976,803
43$1,139,583$369,611$233,562$1,020,921
44$1,208,575$340,477$194,141$1,068,446
45$1,283,116$308,427$151,912$1,119,719
46$1,363,726$273,271$106,733$1,175,116
47$1,450,974$234,810$58,456$1,235,053
48$1,545,488$192,830$6,930$1,299,991
49$1,647,958$147,109$0$1,370,436
50$1,759,142$97,410$0$1,451,564
51$1,879,875$43,482$0$1,540,391
52$2,011,072$0$0$1,636,951
53$2,153,745$0$0$1,744,812
54$2,309,003$0$0$1,871,058
55$2,478,068$0$0$2,008,553
56$2,662,284$0$0$2,158,391
57$2,863,131$0$0$2,321,779
58$3,082,237$0$0$2,500,045
59$3,321,395$0$0$2,694,649
60$3,582,577$0$0$2,907,201
61$3,867,955$0$0$3,139,470
62$4,179,920$0$0$3,393,406
63$4,521,105$0$0$3,671,155
64$4,894,408$0$0$3,975,081
65$5,303,020$0$0$4,307,786
66$5,750,457$0$0$4,672,135
67$6,240,587$0$0$5,071,284
68$6,777,674$0$0$5,508,707
69$7,366,411$0$0$5,988,232
70$8,011,968$0$0$6,514,075
71$8,720,039$0$0$7,090,877
72$9,496,894$0$0$7,723,752
73$10,349,442$0$0$8,418,334
74$11,285,292$0$0$9,180,825
75$12,312,824$0$0$10,018,062
76$13,441,273$0$0$10,937,571
77$14,680,809$0$0$11,947,646
78$16,042,636$0$0$13,057,425
79$17,539,097$0$0$14,276,971
80$19,183,791$0$0$15,617,373
81$20,991,698$0$0$17,090,846
82$22,979,324$0$0$18,710,850
83$25,164,851$0$0$20,492,211
84$27,568,313$0$0$22,451,266
85$30,211,783$0$0$24,606,014
86$33,119,580$0$0$26,976,284
87$36,318,496$0$0$29,583,926
88$39,838,055$0$0$32,453,014
89$43,710,784$0$0$35,610,072
90$47,972,522$0$0$39,084,325
91$52,662,759$0$0$42,907,977
92$57,825,008$0$0$47,116,507
93$63,507,211$0$0$51,749,014
94$69,762,196$0$0$56,848,574
95$76,648,174$0$0$62,462,656
96$84,229,283$0$0$68,643,564
97$92,576,200$0$0$75,448,930
98$101,766,802$0$0$82,942,261
99$111,886,902$0$0$91,193,534
100$123,031,058$0$0$100,279,859