Can I retire at age 30 with 540,000?

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 $540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.9%
1 years$44,593$44,195$43,808$43,430$43,060$41,352
2 years$22,076$21,664$21,266$20,880$20,505$18,805
3 years$14,571$14,158$13,761$13,378$13,009$11,371
4 years$10,819$10,408$10,014$9,638$9,278$7,714
5 years$8,569$8,160$7,771$7,403$7,053$5,568
6 years$7,069$6,663$6,280$5,920$5,581$4,175
7 years$5,998$5,596$5,219$4,867$4,539$3,212
8 years$5,195$4,796$4,426$4,083$3,765$2,516
9 years$4,571$4,176$3,812$3,478$3,171$1,997
10 years$4,072$3,681$3,324$2,998$2,702$1,601
11 years$3,665$3,277$2,926$2,609$2,324$1,293
12 years$3,325$2,941$2,597$2,289$2,014$1,051
13 years$3,038$2,658$2,320$2,020$1,756$859
14 years$2,792$2,416$2,085$1,794$1,539$704
15 years$2,579$2,207$1,882$1,599$1,355$579
16 years$2,392$2,025$1,706$1,432$1,198$477
17 years$2,228$1,865$1,553$1,287$1,062$394
18 years$2,083$1,723$1,417$1,160$944$326
19 years$1,952$1,597$1,298$1,048$842$270
20 years$1,835$1,484$1,191$949$752$224
21 years$1,730$1,382$1,095$861$673$186
22 years$1,633$1,290$1,010$783$603$155
23 years$1,546$1,207$932$713$541$129
24 years$1,466$1,131$862$650$487$107
25 years$1,392$1,061$798$594$438$89
26 years$1,324$997$741$543$394$74
27 years$1,262$939$688$497$356$62
28 years$1,204$884$639$456$321$51
29 years$1,150$834$595$418$290$43
30 years$1,099$788$554$383$262$36
31 years$1,052$745$517$352$237$30
32 years$1,008$705$482$324$214$25
33 years$967$668$450$298$194$21
34 years$928$633$420$274$175$17
35 years$892$600$393$252$159$14
36 years$858$570$368$232$144$12
37 years$825$541$344$214$130$10
38 years$795$514$322$197$118$8
39 years$766$489$302$182$107$7
40 years$738$465$283$168$97$6
41 years$712$443$265$155$88$5
42 years$687$422$249$143$80$4
43 years$664$402$234$132$73$3
44 years$642$383$219$122$66$3
45 years$620$365$206$112$60$2
46 years$600$348$193$104$54$2
47 years$581$332$182$96$49$2
48 years$562$317$171$89$45$1
49 years$544$303$160$82$41$1
50 years$527$289$151$76$37$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $540,000, adding $4,973 every year, while hoping to spend $29,840 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: 87/5/8 Blend
29$540,000$540,000$540,000$540,000
30$600,210$571,590$563,220$651,510
31$629,682$567,848$550,338$681,967
32$661,159$562,923$536,025$710,798
33$694,816$556,725$520,200$741,530
34$730,842$549,159$502,782$774,332
35$769,445$540,125$483,682$809,392
36$810,853$529,516$462,810$846,916
37$855,317$517,219$440,071$887,130
38$903,112$503,115$415,366$930,283
39$954,539$487,077$388,590$976,650
40$1,009,930$468,972$359,636$1,026,533
41$1,069,649$448,657$328,389$1,080,262
42$1,134,095$425,984$294,732$1,138,206
43$1,203,708$400,792$258,541$1,200,765
44$1,278,971$372,915$219,687$1,268,384
45$1,360,413$342,176$178,034$1,341,550
46$1,448,619$308,386$133,442$1,420,802
47$1,544,229$271,348$85,763$1,506,732
48$1,647,949$230,853$34,844$1,599,993
49$1,760,554$186,678$0$1,701,303
50$1,882,896$138,592$0$1,813,118
51$2,015,915$86,346$0$1,937,928
52$2,160,642$29,681$0$2,073,732
53$2,318,213$0$0$2,221,605
54$2,489,877$0$0$2,384,472
55$2,677,011$0$0$2,563,800
56$2,881,126$0$0$2,759,407
57$3,103,890$0$0$2,972,890
58$3,347,136$0$0$3,206,007
59$3,612,882$0$0$3,460,693
60$3,903,351$0$0$3,739,079
61$4,220,989$0$0$4,043,510
62$4,568,491$0$0$4,376,569
63$4,948,822$0$0$4,741,100
64$5,365,249$0$0$5,140,233
65$5,821,368$0$0$5,577,418
66$6,321,141$0$0$6,056,452
67$6,868,929$0$0$6,581,516
68$7,469,537$0$0$7,157,217
69$8,128,256$0$0$7,788,627
70$8,850,914$0$0$8,481,335
71$9,643,932$0$0$9,241,494
72$10,514,379$0$0$10,075,884
73$11,470,045$0$0$10,991,972
74$12,519,510$0$0$11,997,984
75$13,672,225$0$0$13,102,982
76$14,938,603$0$0$14,316,947
77$16,330,113$0$0$15,650,876
78$17,859,391$0$0$17,116,885
79$19,540,360$0$0$18,728,320
80$21,388,356$0$0$20,499,885
81$23,420,276$0$0$22,447,779
82$25,654,737$0$0$24,589,852
83$28,112,249$0$0$26,945,766
84$30,815,410$0$0$29,537,188
85$33,789,119$0$0$32,387,987
86$37,060,807$0$0$35,524,466
87$40,660,702$0$0$38,975,602
88$44,622,106$0$0$42,773,324
89$48,981,715$0$0$46,952,814
90$53,779,961$0$0$51,552,834
91$59,061,394$0$0$56,616,099
92$64,875,103$0$0$62,189,669
93$71,275,179$0$0$68,325,404
94$78,321,221$0$0$75,080,444
95$86,078,903$0$0$82,517,753
96$94,620,588$0$0$90,706,708
97$104,026,018$0$0$99,723,760
98$114,383,056$0$0$109,653,147
99$125,788,523$0$0$120,587,695
100$138,349,108$0$0$132,629,690