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%14.4%
1 years$43,271$42,886$42,510$42,143$41,784$41,025
2 years$21,422$21,023$20,636$20,261$19,897$19,135
3 years$14,139$13,738$13,353$12,981$12,624$11,882
4 years$10,499$10,099$9,717$9,352$9,003$8,288
5 years$8,315$7,918$7,541$7,184$6,844$6,157
6 years$6,860$6,466$6,094$5,745$5,416$4,758
7 years$5,821$5,430$5,064$4,723$4,404$3,776
8 years$5,042$4,654$4,295$3,962$3,654$3,055
9 years$4,436$4,052$3,699$3,375$3,077$2,507
10 years$3,952$3,572$3,225$2,909$2,622$2,081
11 years$3,556$3,180$2,839$2,532$2,255$1,741
12 years$3,226$2,854$2,520$2,221$1,954$1,468
13 years$2,948$2,579$2,251$1,961$1,704$1,244
14 years$2,709$2,345$2,023$1,740$1,494$1,059
15 years$2,502$2,142$1,826$1,552$1,315$906
16 years$2,322$1,965$1,656$1,390$1,162$777
17 years$2,162$1,810$1,507$1,249$1,031$668
18 years$2,021$1,672$1,375$1,125$916$576
19 years$1,894$1,550$1,259$1,017$817$497
20 years$1,781$1,440$1,156$921$730$430
21 years$1,678$1,341$1,063$836$653$372
22 years$1,585$1,252$980$760$585$323
23 years$1,500$1,171$905$692$525$280
24 years$1,422$1,097$837$631$472$244
25 years$1,351$1,030$775$576$425$212
26 years$1,285$968$719$527$383$184
27 years$1,224$911$667$482$345$161
28 years$1,168$858$620$442$311$140
29 years$1,115$810$577$405$281$122
30 years$1,067$765$538$372$254$106
31 years$1,021$723$501$342$230$93
32 years$978$684$468$314$208$81
33 years$938$648$437$289$188$71
34 years$901$614$408$266$170$62
35 years$866$582$381$245$154$54
36 years$832$553$357$225$140$47
37 years$801$525$334$208$127$41
38 years$771$499$313$191$115$36
39 years$743$474$293$176$104$31
40 years$716$451$275$163$94$27
41 years$691$430$258$150$86$24
42 years$667$409$242$139$78$21
43 years$644$390$227$128$71$18
44 years$623$372$213$118$64$16
45 years$602$354$200$109$58$14
46 years$582$338$188$101$53$12
47 years$563$323$176$93$48$11
48 years$545$308$166$86$44$9
49 years$528$294$156$79$40$8
50 years$512$281$146$73$36$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $524,000, adding $5,574 every year, while hoping to spend $26,603 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: 59/23/18 Blend
29$524,000$524,000$524,000$524,000
30$583,198$555,426$547,304$614,560
31$614,378$554,336$537,333$635,354
32$647,848$552,302$526,137$654,611
33$683,812$549,248$513,645$675,005
34$722,495$545,095$499,787$696,649
35$764,146$539,761$484,486$719,672
36$809,035$533,156$467,663$744,213
37$857,462$525,186$449,235$770,429
38$909,755$515,752$429,116$798,493
39$966,274$504,747$407,215$828,597
40$1,027,415$492,061$383,438$860,954
41$1,093,613$477,574$357,685$895,800
42$1,165,348$461,162$329,854$933,398
43$1,243,146$442,691$299,837$974,037
44$1,327,586$422,022$267,520$1,018,040
45$1,419,304$399,005$232,786$1,065,762
46$1,519,001$373,484$195,513$1,117,598
47$1,627,447$345,293$155,570$1,173,985
48$1,745,490$314,256$112,826$1,235,408
49$1,874,063$280,188$67,138$1,302,402
50$2,014,192$242,892$18,362$1,375,559
51$2,167,008$202,161$0$1,455,537
52$2,333,752$157,776$0$1,549,532
53$2,515,794$109,507$0$1,656,061
54$2,714,640$57,108$0$1,772,513
55$2,931,950$322$0$1,899,905
56$3,169,548$0$0$2,039,358
57$3,429,444$0$0$2,207,579
58$3,713,854$0$0$2,391,797
59$4,025,213$0$0$2,593,516
60$4,366,206$0$0$2,814,479
61$4,739,788$0$0$3,056,609
62$5,149,215$0$0$3,322,019
63$5,598,072$0$0$3,613,041
64$6,090,306$0$0$3,932,241
65$6,630,268$0$0$4,282,445
66$7,222,746$0$0$4,666,767
67$7,873,016$0$0$5,088,636
68$8,586,892$0$0$5,551,831
69$9,370,773$0$0$6,060,512
70$10,231,713$0$0$6,619,265
71$11,177,481$0$0$7,233,138
72$12,216,633$0$0$7,907,696
73$13,358,600$0$0$8,649,068
74$14,613,767$0$0$9,464,004
75$15,993,577$0$0$10,359,946
76$17,510,638$0$0$11,345,088
77$19,178,839$0$0$12,428,460
78$21,013,484$0$0$13,620,010
79$23,031,432$0$0$14,930,700
80$25,251,260$0$0$16,372,605
81$27,693,435$0$0$17,959,033
82$30,380,507$0$0$19,704,643
83$33,337,325$0$0$21,625,590
84$36,591,266$0$0$23,739,673
85$40,172,495$0$0$26,066,502
86$44,114,250$0$0$28,627,688
87$48,453,156$0$0$31,447,040
88$53,229,566$0$0$34,550,795
89$58,487,947$0$0$37,967,862
90$64,277,295$0$0$41,730,095
91$70,651,599$0$0$45,872,597
92$77,670,350$0$0$50,434,043
93$85,399,101$0$0$55,457,053
94$93,910,085$0$0$60,988,592
95$103,282,898$0$0$67,080,406
96$113,605,249$0$0$73,789,522
97$124,973,785$0$0$81,178,775
98$137,495,008$0$0$89,317,408
99$151,286,272$0$0$98,281,721
100$166,476,900$0$0$108,155,793