Can I retire at age 30 with 538,000?

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 $538,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$44,428$44,032$43,646$43,269$42,901$41,661
2 years$21,994$21,584$21,187$20,802$20,429$19,190
3 years$14,517$14,106$13,710$13,328$12,961$11,761
4 years$10,779$10,369$9,977$9,602$9,244$8,093
5 years$8,537$8,129$7,743$7,375$7,027$5,928
6 years$7,043$6,638$6,257$5,898$5,560$4,514
7 years$5,976$5,575$5,200$4,849$4,522$3,528
8 years$5,176$4,779$4,410$4,068$3,751$2,810
9 years$4,555$4,161$3,798$3,465$3,159$2,269
10 years$4,057$3,667$3,311$2,987$2,692$1,851
11 years$3,651$3,265$2,915$2,599$2,315$1,523
12 years$3,312$2,930$2,587$2,280$2,006$1,261
13 years$3,026$2,648$2,311$2,013$1,749$1,050
14 years$2,781$2,407$2,077$1,787$1,534$878
15 years$2,569$2,199$1,875$1,594$1,350$736
16 years$2,384$2,018$1,700$1,427$1,193$619
17 years$2,220$1,858$1,547$1,282$1,058$522
18 years$2,075$1,717$1,412$1,155$941$441
19 years$1,945$1,591$1,293$1,044$839$374
20 years$1,828$1,479$1,186$946$749$317
21 years$1,723$1,377$1,091$858$670$269
22 years$1,627$1,286$1,006$780$601$228
23 years$1,540$1,202$929$711$539$194
24 years$1,460$1,127$859$648$485$165
25 years$1,387$1,057$796$592$436$140
26 years$1,319$994$738$541$393$120
27 years$1,257$935$685$495$354$102
28 years$1,199$881$637$454$320$87
29 years$1,145$831$593$416$289$74
30 years$1,095$785$552$382$261$63
31 years$1,048$742$515$351$236$54
32 years$1,005$702$480$322$213$46
33 years$963$665$448$296$193$39
34 years$925$630$419$273$175$33
35 years$889$598$392$251$158$29
36 years$854$567$366$231$143$24
37 years$822$539$343$213$130$21
38 years$792$512$321$196$118$18
39 years$763$487$301$181$107$15
40 years$736$463$282$167$97$13
41 years$710$441$264$154$88$11
42 years$685$420$248$142$80$9
43 years$662$400$233$131$72$8
44 years$639$382$218$121$66$7
45 years$618$364$205$112$60$6
46 years$598$347$193$103$54$5
47 years$578$331$181$96$49$4
48 years$560$316$170$88$45$4
49 years$542$302$160$82$41$3
50 years$525$288$150$75$37$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $538,000, adding $5,251 every year, while hoping to spend $31,187 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: 62/28/10 Blend
29$538,000$538,000$538,000$538,000
30$598,292$569,778$561,439$633,722
31$626,136$564,515$547,065$652,814
32$655,773$557,948$531,164$669,576
33$687,356$549,981$513,651$687,091
34$721,048$540,512$494,440$705,433
35$757,029$529,432$473,439$724,684
36$795,498$516,625$450,550$744,935
37$836,669$501,970$425,674$766,288
38$880,781$485,338$398,706$788,856
39$928,093$466,593$369,535$812,765
40$978,892$445,589$338,048$838,157
41$1,033,491$422,175$304,124$865,188
42$1,092,233$396,187$267,638$894,034
43$1,155,497$367,456$228,460$924,889
44$1,223,697$335,801$186,453$957,968
45$1,297,289$301,031$141,474$993,514
46$1,376,774$262,943$93,375$1,031,792
47$1,462,702$221,324$42,000$1,073,101
48$1,555,678$175,949$0$1,117,772
49$1,656,366$126,580$0$1,167,538
50$1,765,498$72,965$0$1,226,312
51$1,883,877$14,838$0$1,290,077
52$2,012,387$0$0$1,359,355
53$2,152,001$0$0$1,449,538
54$2,303,787$0$0$1,552,589
55$2,468,922$0$0$1,664,740
56$2,648,700$0$0$1,786,875
57$2,844,547$0$0$1,919,966
58$3,058,028$0$0$2,065,084
59$3,290,870$0$0$2,223,406
60$3,544,971$0$0$2,396,229
61$3,822,421$0$0$2,584,979
62$4,125,520$0$0$2,791,229
63$4,456,801$0$0$3,016,708
64$4,819,054$0$0$3,263,320
65$5,215,347$0$0$3,533,162
66$5,649,062$0$0$3,828,543
67$6,123,920$0$0$4,152,005
68$6,644,022$0$0$4,506,348
69$7,213,882$0$0$4,894,656
70$7,838,470$0$0$5,320,324
71$8,523,263$0$0$5,787,092
72$9,274,291$0$0$6,299,079
73$10,098,196$0$0$6,860,823
74$11,002,293$0$0$7,477,321
75$11,994,642$0$0$8,154,077
76$13,084,120$0$0$8,897,156
77$14,280,503$0$0$9,713,236
78$15,594,565$0$0$10,609,677
79$17,038,171$0$0$11,594,583
80$18,624,393$0$0$12,676,886
81$20,367,631$0$0$13,866,424
82$22,283,752$0$0$15,174,033
83$24,390,234$0$0$16,611,655
84$26,706,334$0$0$18,192,446
85$29,253,267$0$0$19,930,899
86$32,054,408$0$0$21,842,984
87$35,135,510$0$0$23,946,294
88$38,524,949$0$0$26,260,214
89$42,253,988$0$0$28,806,102
90$46,357,073$0$0$31,607,493
91$50,872,157$0$0$34,690,316
92$55,841,060$0$0$38,083,141
93$61,309,860$0$0$41,817,448
94$67,329,326$0$0$45,927,923
95$73,955,403$0$0$50,452,788
96$81,249,732$0$0$55,434,155
97$89,280,236$0$0$60,918,431
98$98,121,756$0$0$66,956,747
99$107,856,761$0$0$73,605,447
100$118,576,125$0$0$80,926,617