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%12.6%
1 years$44,428$44,032$43,646$43,269$42,901$42,435
2 years$21,994$21,584$21,187$20,802$20,429$19,960
3 years$14,517$14,106$13,710$13,328$12,961$12,503
4 years$10,779$10,369$9,977$9,602$9,244$8,801
5 years$8,537$8,129$7,743$7,375$7,027$6,601
6 years$7,043$6,638$6,257$5,898$5,560$5,150
7 years$5,976$5,575$5,200$4,849$4,522$4,129
8 years$5,176$4,779$4,410$4,068$3,751$3,375
9 years$4,555$4,161$3,798$3,465$3,159$2,800
10 years$4,057$3,667$3,311$2,987$2,692$2,349
11 years$3,651$3,265$2,915$2,599$2,315$1,988
12 years$3,312$2,930$2,587$2,280$2,006$1,695
13 years$3,026$2,648$2,311$2,013$1,749$1,454
14 years$2,781$2,407$2,077$1,787$1,534$1,253
15 years$2,569$2,199$1,875$1,594$1,350$1,084
16 years$2,384$2,018$1,700$1,427$1,193$942
17 years$2,220$1,858$1,547$1,282$1,058$820
18 years$2,075$1,717$1,412$1,155$941$716
19 years$1,945$1,591$1,293$1,044$839$627
20 years$1,828$1,479$1,186$946$749$549
21 years$1,723$1,377$1,091$858$670$482
22 years$1,627$1,286$1,006$780$601$424
23 years$1,540$1,202$929$711$539$373
24 years$1,460$1,127$859$648$485$329
25 years$1,387$1,057$796$592$436$290
26 years$1,319$994$738$541$393$256
27 years$1,257$935$685$495$354$226
28 years$1,199$881$637$454$320$200
29 years$1,145$831$593$416$289$177
30 years$1,095$785$552$382$261$156
31 years$1,048$742$515$351$236$139
32 years$1,005$702$480$322$213$123
33 years$963$665$448$296$193$109
34 years$925$630$419$273$175$96
35 years$889$598$392$251$158$85
36 years$854$567$366$231$143$76
37 years$822$539$343$213$130$67
38 years$792$512$321$196$118$59
39 years$763$487$301$181$107$53
40 years$736$463$282$167$97$47
41 years$710$441$264$154$88$42
42 years$685$420$248$142$80$37
43 years$662$400$233$131$72$33
44 years$639$382$218$121$66$29
45 years$618$364$205$112$60$26
46 years$598$347$193$103$54$23
47 years$578$331$181$96$49$20
48 years$560$316$170$88$45$18
49 years$542$302$160$82$41$16
50 years$525$288$150$75$37$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $538,000, adding $6,018 every year, while hoping to spend $20,203 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: 61/22/17 Blend
29$538,000$538,000$538,000$538,000
30$599,084$570,570$562,231$632,685
31$638,694$577,032$559,569$662,516
32$681,668$583,133$556,142$692,263
33$728,327$588,835$551,901$724,253
34$779,024$594,096$546,798$758,708
35$834,150$598,872$540,781$795,867
36$894,132$603,115$533,796$836,001
37$959,441$606,776$525,786$879,402
38$1,030,596$609,800$516,692$926,399
39$1,108,167$612,131$506,452$977,349
40$1,192,784$613,708$495,001$1,032,650
41$1,285,135$614,468$482,271$1,092,740
42$1,385,984$614,342$468,192$1,158,102
43$1,496,166$613,257$452,688$1,229,270
44$1,616,605$611,136$435,683$1,306,831
45$1,748,315$607,898$417,095$1,391,436
46$1,892,415$603,456$396,839$1,483,801
47$2,050,134$597,718$374,826$1,584,716
48$2,222,828$590,587$350,963$1,695,054
49$2,411,990$581,959$325,154$1,815,777
50$2,619,263$571,726$297,297$1,947,947
51$2,846,458$559,770$267,286$2,092,736
52$3,095,567$545,969$235,010$2,251,435
53$3,368,786$530,193$200,355$2,425,472
54$3,668,535$512,305$163,199$2,616,417
55$3,997,475$492,158$123,416$2,826,008
56$4,358,543$469,599$80,876$3,056,156
57$4,754,969$444,464$35,440$3,308,974
58$5,190,314$416,580$0$3,586,789
59$5,668,500$385,767$0$3,894,537
60$6,193,847$351,829$0$4,239,697
61$6,771,115$314,565$0$4,618,987
62$7,405,547$273,757$0$5,035,881
63$8,102,921$229,179$0$5,494,210
64$8,869,599$180,590$0$5,998,196
65$9,712,595$127,735$0$6,552,494
66$10,639,633$70,347$0$7,162,235
67$11,659,224$8,142$0$7,833,074
68$12,780,745$0$0$8,571,246
69$14,014,528$0$0$9,397,949
70$15,371,956$0$0$10,309,719
71$16,865,573$0$0$11,313,014
72$18,509,197$0$0$12,417,123
73$20,318,056$0$0$13,632,283
74$22,308,927$0$0$14,969,770
75$24,500,298$0$0$16,442,011
76$26,912,539$0$0$18,062,699
77$29,568,094$0$0$19,846,920
78$32,491,695$0$0$21,811,299
79$35,710,596$0$0$23,974,155
80$39,254,823$0$0$26,355,672
81$43,157,467$0$0$28,978,093
82$47,454,988$0$0$31,865,926
83$52,187,563$0$0$35,046,178
84$57,399,464$0$0$38,548,609
85$63,139,475$0$0$42,406,010
86$69,461,353$0$0$46,654,519
87$76,424,335$0$0$51,333,952
88$84,093,696$0$0$56,488,189
89$92,541,364$0$0$62,165,581
90$101,846,604$0$0$68,419,408
91$112,096,757$0$0$75,308,383
92$123,388,073$0$0$82,897,204
93$135,826,613$0$0$91,257,168
94$149,529,252$0$0$100,466,837
95$164,624,782$0$0$110,612,789
96$181,255,128$0$0$121,790,424
97$199,576,686$0$0$134,104,876
98$219,761,799$0$0$147,671,994
99$242,000,384$0$0$162,619,443
100$266,501,727$0$0$179,087,906