Can I retire at age 30 with 529,000?

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 $529,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$43,684$43,295$42,916$42,545$42,183$41,433
2 years$21,626$21,223$20,833$20,454$20,087$19,334
3 years$14,274$13,870$13,480$13,105$12,744$12,012
4 years$10,599$10,196$9,810$9,442$9,089$8,383
5 years$8,394$7,993$7,613$7,252$6,910$6,231
6 years$6,925$6,527$6,152$5,800$5,467$4,818
7 years$5,876$5,482$5,113$4,768$4,446$3,826
8 years$5,090$4,699$4,336$4,000$3,689$3,097
9 years$4,478$4,091$3,735$3,407$3,106$2,543
10 years$3,990$3,606$3,256$2,937$2,647$2,112
11 years$3,590$3,210$2,866$2,556$2,276$1,769
12 years$3,257$2,881$2,544$2,242$1,973$1,492
13 years$2,976$2,604$2,273$1,979$1,720$1,265
14 years$2,735$2,367$2,042$1,757$1,508$1,078
15 years$2,526$2,162$1,844$1,567$1,328$922
16 years$2,344$1,984$1,672$1,403$1,173$791
17 years$2,183$1,827$1,521$1,261$1,040$681
18 years$2,040$1,688$1,389$1,136$925$587
19 years$1,913$1,565$1,271$1,027$825$508
20 years$1,798$1,454$1,167$930$737$439
21 years$1,694$1,354$1,073$844$659$381
22 years$1,600$1,264$989$767$591$331
23 years$1,514$1,182$913$699$530$287
24 years$1,436$1,108$845$637$477$250
25 years$1,364$1,040$782$582$429$217
26 years$1,297$977$725$532$386$189
27 years$1,236$920$674$487$348$165
28 years$1,179$866$626$446$314$144
29 years$1,126$817$583$409$284$125
30 years$1,077$772$543$376$256$109
31 years$1,031$730$506$345$232$96
32 years$988$690$472$317$210$83
33 years$947$654$441$292$190$73
34 years$909$620$412$268$172$64
35 years$874$588$385$247$156$56
36 years$840$558$360$227$141$49
37 years$808$530$337$210$128$42
38 years$778$504$316$193$116$37
39 years$750$479$296$178$105$32
40 years$723$456$277$164$95$28
41 years$698$434$260$152$86$25
42 years$673$413$244$140$78$22
43 years$650$394$229$129$71$19
44 years$629$375$215$119$65$17
45 years$608$358$202$110$59$15
46 years$588$341$189$102$53$13
47 years$569$326$178$94$48$11
48 years$551$311$167$87$44$10
49 years$533$297$157$80$40$8
50 years$516$284$148$74$36$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $529,000, adding $6,108 every year, while hoping to spend $32,056 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: 59/15/26 Blend
29$529,000$529,000$529,000$529,000
30$589,258$561,221$553,022$619,554
31$615,255$554,614$537,441$634,311
32$642,830$546,608$520,263$646,446
33$672,108$537,102$501,402$659,003
34$703,230$525,987$480,766$672,031
35$736,348$513,148$458,260$685,585
36$771,627$498,464$433,783$699,728
37$809,250$481,806$407,231$714,529
38$849,416$463,037$378,496$730,069
39$892,344$442,014$347,464$746,435
40$938,274$418,583$314,015$763,728
41$987,469$392,584$278,025$782,060
42$1,040,216$363,847$239,365$801,556
43$1,096,833$332,190$197,898$822,359
44$1,157,665$297,423$153,483$844,624
45$1,223,095$259,344$105,972$868,530
46$1,293,540$217,741$55,212$894,272
47$1,369,459$172,389$1,040$922,071
48$1,451,358$123,050$0$952,172
49$1,539,790$69,472$0$1,000,599
50$1,635,364$11,392$0$1,053,240
51$1,738,750$0$0$1,110,195
52$1,850,684$0$0$1,180,393
53$1,971,975$0$0$1,258,533
54$2,103,511$0$0$1,343,312
55$2,246,272$0$0$1,435,365
56$2,401,332$0$0$1,535,391
57$2,569,876$0$0$1,644,159
58$2,753,205$0$0$1,762,514
59$2,952,752$0$0$1,891,386
60$3,170,091$0$0$2,031,801
61$3,406,959$0$0$2,184,883
62$3,665,263$0$0$2,351,874
63$3,947,104$0$0$2,534,139
64$4,254,794$0$0$2,733,179
65$4,590,878$0$0$2,950,648
66$4,958,160$0$0$3,188,369
67$5,359,723$0$0$3,448,344
68$5,798,963$0$0$3,732,782
69$6,279,622$0$0$4,044,112
70$6,805,817$0$0$4,385,012
71$7,382,082$0$0$4,758,429
72$8,013,412$0$0$5,167,607
73$8,705,305$0$0$5,616,122
74$9,463,820$0$0$6,107,910
75$10,295,625$0$0$6,647,307
76$11,208,070$0$0$7,239,089
77$12,209,246$0$0$7,888,517
78$13,308,067$0$0$8,601,383
79$14,514,353$0$0$9,384,071
80$15,838,919$0$0$10,243,612
81$17,293,680$0$0$11,187,751
82$18,891,762$0$0$12,225,019
83$20,647,622$0$0$13,364,817
84$22,577,191$0$0$14,617,499
85$24,698,016$0$0$15,994,472
86$27,029,431$0$0$17,508,305
87$29,592,735$0$0$19,172,845
88$32,411,395$0$0$21,003,347
89$35,511,264$0$0$23,016,618
90$38,920,828$0$0$25,231,177
91$42,671,471$0$0$27,667,428
92$46,797,772$0$0$30,347,850
93$51,337,831$0$0$33,297,213
94$56,333,627$0$0$36,542,809
95$61,831,413$0$0$40,114,708
96$67,882,154$0$0$44,046,043
97$74,542,004$0$0$48,373,322
98$81,872,839$0$0$53,136,774
99$89,942,836$0$0$58,380,723
100$98,827,121$0$0$64,154,010