Can I retire at age 30 with 531,000?

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 $531,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$43,849$43,459$43,078$42,706$42,343$41,935
2 years$21,708$21,303$20,912$20,532$20,163$19,753
3 years$14,328$13,922$13,531$13,155$12,792$12,392
4 years$10,639$10,234$9,847$9,477$9,124$8,736
5 years$8,426$8,024$7,642$7,279$6,936$6,562
6 years$6,951$6,552$6,176$5,821$5,488$5,129
7 years$5,898$5,502$5,132$4,786$4,463$4,118
8 years$5,109$4,716$4,352$4,015$3,703$3,372
9 years$4,495$4,107$3,749$3,420$3,118$2,802
10 years$4,005$3,620$3,268$2,948$2,657$2,355
11 years$3,603$3,222$2,877$2,566$2,285$1,997
12 years$3,269$2,892$2,554$2,250$1,980$1,706
13 years$2,987$2,614$2,281$1,987$1,727$1,466
14 years$2,745$2,376$2,050$1,764$1,514$1,266
15 years$2,536$2,170$1,851$1,573$1,333$1,098
16 years$2,353$1,991$1,678$1,408$1,178$955
17 years$2,191$1,834$1,527$1,265$1,044$834
18 years$2,048$1,695$1,394$1,140$929$730
19 years$1,920$1,571$1,276$1,030$828$640
20 years$1,805$1,459$1,171$933$739$562
21 years$1,701$1,359$1,077$847$662$495
22 years$1,606$1,269$993$770$593$436
23 years$1,520$1,187$917$701$532$385
24 years$1,441$1,112$848$640$478$340
25 years$1,369$1,044$785$584$431$300
26 years$1,302$981$728$534$388$266
27 years$1,241$923$676$489$350$235
28 years$1,183$870$629$448$315$208
29 years$1,130$821$585$411$285$185
30 years$1,081$775$545$377$257$164
31 years$1,035$733$508$346$233$145
32 years$991$693$474$318$211$129
33 years$951$656$443$293$191$115
34 years$913$622$413$269$172$102
35 years$877$590$387$248$156$91
36 years$843$560$362$228$142$80
37 years$812$532$338$210$128$72
38 years$781$506$317$194$116$64
39 years$753$481$297$179$105$57
40 years$726$457$278$165$96$50
41 years$700$435$261$152$87$45
42 years$676$415$245$140$79$40
43 years$653$395$230$130$71$35
44 years$631$377$216$120$65$32
45 years$610$359$202$110$59$28
46 years$590$343$190$102$53$25
47 years$571$327$179$94$49$22
48 years$553$312$168$87$44$20
49 years$535$298$158$81$40$18
50 years$518$285$148$74$36$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $531,000, adding $2,813 every year, while hoping to spend $31,084 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: 45/32/23 Blend
29$531,000$531,000$531,000$531,000
30$588,064$559,921$551,690$610,513
31$614,973$554,284$537,099$620,989
32$643,585$547,329$520,976$629,084
33$674,041$538,958$503,240$637,235
34$706,496$529,069$483,800$645,466
35$741,117$517,552$462,566$653,800
36$778,090$504,291$439,441$662,268
37$817,618$489,164$414,325$670,906
38$859,922$472,041$387,113$679,756
39$905,248$452,784$357,694$688,865
40$953,861$431,249$325,955$698,292
41$1,006,056$407,281$291,776$708,100
42$1,062,154$380,718$255,030$718,367
43$1,122,509$351,388$215,589$729,177
44$1,187,508$319,109$173,314$740,631
45$1,257,578$283,690$128,065$752,841
46$1,333,187$244,927$79,691$765,936
47$1,414,849$202,605$28,038$780,063
48$1,503,129$156,499$0$795,386
49$1,598,650$106,368$0$818,741
50$1,702,092$51,960$0$851,468
51$1,814,207$0$0$886,961
52$1,935,822$0$0$927,996
53$2,067,842$0$0$992,458
54$2,211,268$0$0$1,062,544
55$2,367,196$0$0$1,138,797
56$2,536,837$0$0$1,221,816
57$2,721,519$0$0$1,312,260
58$2,922,705$0$0$1,410,851
59$3,142,005$0$0$1,518,389
60$3,381,190$0$0$1,635,750
61$3,642,212$0$0$1,763,900
62$3,927,217$0$0$1,903,902
63$4,238,567$0$0$2,056,927
64$4,578,865$0$0$2,224,263
65$4,950,973$0$0$2,407,331
66$5,358,046$0$0$2,607,691
67$5,803,556$0$0$2,827,064
68$6,291,326$0$0$3,067,345
69$6,825,567$0$0$3,330,621
70$7,410,915$0$0$3,619,188
71$8,052,476$0$0$3,935,578
72$8,755,874$0$0$4,282,577
73$9,527,303$0$0$4,663,256
74$10,373,585$0$0$5,080,995
75$11,302,235$0$0$5,539,520
76$12,321,530$0$0$6,042,932
77$13,440,586$0$0$6,595,752
78$14,669,447$0$0$7,202,957
79$16,019,176$0$0$7,870,031
80$17,501,961$0$0$8,603,017
81$19,131,229$0$0$9,408,571
82$20,921,769$0$0$10,294,024
83$22,889,879$0$0$11,267,455
84$25,053,509$0$0$12,337,765
85$27,432,439$0$0$13,514,759
86$30,048,459$0$0$14,809,240
87$32,925,577$0$0$16,233,111
88$36,090,245$0$0$17,799,488
89$39,571,606$0$0$19,522,818
90$43,401,771$0$0$21,419,024
91$47,616,119$0$0$23,505,646
92$52,253,633$0$0$25,802,012
93$57,357,264$0$0$28,329,420
94$62,974,340$0$0$31,111,335
95$69,157,006$0$0$34,173,614
96$75,962,721$0$0$37,544,746
97$83,454,798$0$0$41,256,124
98$91,702,999$0$0$45,342,340
99$100,784,194$0$0$49,841,509
100$110,783,087$0$0$54,795,633