Can I retire at age 30 with 538,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%16%
1 years$44,428$44,032$43,646$43,269$42,901$41,847
2 years$21,994$21,584$21,187$20,802$20,429$19,374
3 years$14,517$14,106$13,710$13,328$12,961$11,937
4 years$10,779$10,369$9,977$9,602$9,244$8,260
5 years$8,537$8,129$7,743$7,375$7,027$6,085
6 years$7,043$6,638$6,257$5,898$5,560$4,661
7 years$5,976$5,575$5,200$4,849$4,522$3,666
8 years$5,176$4,779$4,410$4,068$3,751$2,939
9 years$4,555$4,161$3,798$3,465$3,159$2,389
10 years$4,057$3,667$3,311$2,987$2,692$1,963
11 years$3,651$3,265$2,915$2,599$2,315$1,626
12 years$3,312$2,930$2,587$2,280$2,006$1,356
13 years$3,026$2,648$2,311$2,013$1,749$1,138
14 years$2,781$2,407$2,077$1,787$1,534$958
15 years$2,569$2,199$1,875$1,594$1,350$810
16 years$2,384$2,018$1,700$1,427$1,193$687
17 years$2,220$1,858$1,547$1,282$1,058$584
18 years$2,075$1,717$1,412$1,155$941$497
19 years$1,945$1,591$1,293$1,044$839$424
20 years$1,828$1,479$1,186$946$749$363
21 years$1,723$1,377$1,091$858$670$310
22 years$1,627$1,286$1,006$780$601$266
23 years$1,540$1,202$929$711$539$228
24 years$1,460$1,127$859$648$485$196
25 years$1,387$1,057$796$592$436$168
26 years$1,319$994$738$541$393$144
27 years$1,257$935$685$495$354$124
28 years$1,199$881$637$454$320$107
29 years$1,145$831$593$416$289$92
30 years$1,095$785$552$382$261$79
31 years$1,048$742$515$351$236$68
32 years$1,005$702$480$322$213$58
33 years$963$665$448$296$193$50
34 years$925$630$419$273$175$43
35 years$889$598$392$251$158$37
36 years$854$567$366$231$143$32
37 years$822$539$343$213$130$28
38 years$792$512$321$196$118$24
39 years$763$487$301$181$107$21
40 years$736$463$282$167$97$18
41 years$710$441$264$154$88$15
42 years$685$420$248$142$80$13
43 years$662$400$233$131$72$11
44 years$639$382$218$121$66$10
45 years$618$364$205$112$60$8
46 years$598$347$193$103$54$7
47 years$578$331$181$96$49$6
48 years$560$316$170$88$45$5
49 years$542$302$160$82$41$5
50 years$525$288$150$75$37$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $538,000, adding $3,615 every year, while hoping to spend $35,610 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: 57/16/27 Blend
29$538,000$538,000$538,000$538,000
30$596,605$568,091$559,752$626,016
31$619,570$558,039$540,615$636,536
32$643,684$546,300$519,643$643,950
33$669,026$532,756$496,738$651,296
34$695,683$517,277$471,795$658,578
35$723,750$499,731$444,707$665,803
36$753,328$479,973$415,361$672,978
37$784,530$457,854$383,638$680,117
38$817,477$433,214$349,414$687,234
39$852,301$405,883$312,561$694,349
40$889,147$375,683$272,944$701,485
41$928,175$342,426$230,421$708,671
42$969,555$305,911$184,847$715,940
43$1,013,478$265,929$136,068$723,333
44$1,060,149$222,256$83,923$730,898
45$1,109,795$174,657$28,244$738,690
46$1,162,662$122,883$0$746,775
47$1,219,020$66,671$0$764,209
48$1,279,167$5,745$0$791,364
49$1,343,428$0$0$820,249
50$1,412,156$0$0$861,634
51$1,485,744$0$0$907,057
52$1,564,618$0$0$955,776
53$1,649,249$0$0$1,008,084
54$1,740,150$0$0$1,064,305
55$1,837,888$0$0$1,124,792
56$1,943,082$0$0$1,189,935
57$2,056,415$0$0$1,260,160
58$2,178,635$0$0$1,335,937
59$2,310,564$0$0$1,417,782
60$2,453,105$0$0$1,506,260
61$2,607,252$0$0$1,601,995
62$2,774,096$0$0$1,705,671
63$2,954,836$0$0$1,818,040
64$3,150,792$0$0$1,939,930
65$3,363,414$0$0$2,072,252
66$3,594,297$0$0$2,216,005
67$3,845,197$0$0$2,372,291
68$4,118,044$0$0$2,542,321
69$4,414,961$0$0$2,727,429
70$4,738,284$0$0$2,929,079
71$5,090,587$0$0$3,148,887
72$5,474,698$0$0$3,388,628
73$5,893,731$0$0$3,650,256
74$6,351,115$0$0$3,935,925
75$6,850,624$0$0$4,248,002
76$7,396,411$0$0$4,589,095
77$7,993,049$0$0$4,962,076
78$8,645,574$0$0$5,370,104
79$9,359,529$0$0$5,816,662
80$10,141,019$0$0$6,305,580
81$10,996,765$0$0$6,841,080
82$11,934,171$0$0$7,427,810
83$12,961,388$0$0$8,070,887
84$14,087,393$0$0$8,775,950
85$15,322,076$0$0$9,549,207
86$16,676,326$0$0$10,397,497
87$18,162,138$0$0$11,328,351
88$19,792,726$0$0$12,350,068
89$21,582,641$0$0$13,471,786
90$23,547,917$0$0$14,703,572
91$25,706,212$0$0$16,056,517
92$28,076,979$0$0$17,542,838
93$30,681,650$0$0$19,175,993
94$33,543,834$0$0$20,970,809
95$36,689,538$0$0$22,943,620
96$40,147,418$0$0$25,112,423
97$43,949,042$0$0$27,497,042
98$48,129,188$0$0$30,119,323
99$52,726,176$0$0$33,003,329
100$57,782,222$0$0$36,175,577