Can I retire at age 30 with 534,000?

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 $534,000?

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$44,097$43,704$43,321$42,947$42,582$42,260
2 years$21,830$21,424$21,030$20,648$20,277$19,953
3 years$14,409$14,001$13,608$13,229$12,865$12,548
4 years$10,699$10,292$9,903$9,531$9,175$8,868
5 years$8,474$8,069$7,685$7,321$6,975$6,679
6 years$6,991$6,589$6,211$5,854$5,519$5,234
7 years$5,932$5,533$5,161$4,813$4,488$4,215
8 years$5,138$4,743$4,377$4,038$3,724$3,461
9 years$4,521$4,130$3,770$3,439$3,136$2,884
10 years$4,027$3,640$3,287$2,965$2,672$2,432
11 years$3,624$3,241$2,894$2,580$2,298$2,068
12 years$3,288$2,909$2,568$2,263$1,991$1,773
13 years$3,004$2,629$2,294$1,998$1,736$1,528
14 years$2,761$2,389$2,061$1,774$1,522$1,324
15 years$2,550$2,183$1,861$1,582$1,340$1,152
16 years$2,366$2,003$1,687$1,416$1,184$1,006
17 years$2,204$1,844$1,536$1,272$1,050$881
18 years$2,059$1,704$1,402$1,147$934$774
19 years$1,931$1,579$1,283$1,036$832$681
20 years$1,815$1,468$1,178$938$743$600
21 years$1,710$1,367$1,083$852$665$530
22 years$1,615$1,276$998$774$596$469
23 years$1,529$1,194$922$705$535$415
24 years$1,450$1,118$853$643$481$368
25 years$1,377$1,049$790$587$433$327
26 years$1,310$986$732$537$390$290
27 years$1,248$928$680$492$352$258
28 years$1,190$875$632$450$317$230
29 years$1,137$825$588$413$286$204
30 years$1,087$779$548$379$259$182
31 years$1,041$737$511$348$234$162
32 years$997$697$477$320$212$145
33 years$956$660$445$294$192$129
34 years$918$626$416$271$173$115
35 years$882$593$389$249$157$103
36 years$848$563$364$230$142$92
37 years$816$535$340$211$129$82
38 years$786$508$319$195$117$73
39 years$757$483$299$180$106$65
40 years$730$460$280$166$96$58
41 years$704$438$262$153$87$52
42 years$680$417$246$141$79$46
43 years$657$397$231$130$72$42
44 years$634$379$217$120$65$37
45 years$613$361$204$111$59$33
46 years$593$344$191$103$54$30
47 years$574$329$180$95$49$27
48 years$556$314$169$88$44$24
49 years$538$300$159$81$40$21
50 years$521$286$149$75$37$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $534,000, adding $5,120 every year, while hoping to spend $37,520 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: 42/28/30 Blend
29$534,000$534,000$534,000$534,000
30$593,749$565,447$557,170$613,293
31$614,391$553,233$535,914$615,680
32$635,880$539,163$512,689$614,376
33$658,264$523,107$487,389$612,262
34$681,594$504,925$459,903$609,287
35$705,922$484,473$430,116$605,396
36$731,309$461,595$397,907$600,535
37$757,817$436,127$363,151$594,645
38$785,514$407,897$325,716$587,667
39$814,473$376,721$285,465$579,537
40$844,775$342,405$242,253$570,193
41$876,505$304,746$195,932$559,566
42$909,757$263,527$146,344$547,589
43$944,632$218,520$93,326$534,191
44$981,239$169,482$36,707$519,298
45$1,019,698$116,160$0$502,836
46$1,060,140$58,283$0$492,319
47$1,102,703$0$0$493,111
48$1,147,543$0$0$494,797
49$1,194,826$0$0$515,537
50$1,244,734$0$0$537,456
51$1,297,465$0$0$560,645
52$1,353,237$0$0$585,202
53$1,412,286$0$0$611,237
54$1,474,870$0$0$638,867
55$1,541,272$0$0$668,222
56$1,611,799$0$0$699,442
57$1,686,789$0$0$732,684
58$1,766,612$0$0$768,117
59$1,851,671$0$0$805,925
60$1,942,410$0$0$846,313
61$2,039,313$0$0$889,503
62$2,142,912$0$0$935,740
63$2,253,789$0$0$985,291
64$2,372,582$0$0$1,038,451
65$2,499,994$0$0$1,095,543
66$2,636,791$0$0$1,156,919
67$2,783,818$0$0$1,222,969
68$2,942,002$0$0$1,294,120
69$3,112,359$0$0$1,370,840
70$3,296,005$0$0$1,453,644
71$3,494,169$0$0$1,543,097
72$3,708,197$0$0$1,639,823
73$3,939,571$0$0$1,744,503
74$4,189,919$0$0$1,857,889
75$4,461,031$0$0$1,980,807
76$4,754,874$0$0$2,114,166
77$5,073,612$0$0$2,258,963
78$5,419,624$0$0$2,416,298
79$5,795,527$0$0$2,587,379
80$6,204,200$0$0$2,773,536
81$6,648,810$0$0$2,976,232
82$7,132,841$0$0$3,197,076
83$7,660,127$0$0$3,437,840
84$8,234,889$0$0$3,700,474
85$8,861,769$0$0$3,987,124
86$9,545,879$0$0$4,300,152
87$10,292,844$0$0$4,642,158
88$11,108,859$0$0$5,016,006
89$12,000,740$0$0$5,424,848
90$12,975,996$0$0$5,872,153
91$14,042,889$0$0$6,361,744
92$15,210,521$0$0$6,897,828
93$16,488,911$0$0$7,485,039
94$17,889,096$0$0$8,128,479
95$19,423,226$0$0$8,833,770
96$21,104,685$0$0$9,607,100
97$22,948,212$0$0$10,455,287
98$24,970,040$0$0$11,385,839
99$27,188,050$0$0$12,407,027
100$29,621,935$0$0$13,527,960