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%12.5%
1 years$44,593$44,195$43,808$43,430$43,060$42,611
2 years$22,076$21,664$21,266$20,880$20,505$20,052
3 years$14,571$14,158$13,761$13,378$13,009$12,567
4 years$10,819$10,408$10,014$9,638$9,278$8,851
5 years$8,569$8,160$7,771$7,403$7,053$6,641
6 years$7,069$6,663$6,280$5,920$5,581$5,185
7 years$5,998$5,596$5,219$4,867$4,539$4,159
8 years$5,195$4,796$4,426$4,083$3,765$3,402
9 years$4,571$4,176$3,812$3,478$3,171$2,823
10 years$4,072$3,681$3,324$2,998$2,702$2,370
11 years$3,665$3,277$2,926$2,609$2,324$2,007
12 years$3,325$2,941$2,597$2,289$2,014$1,713
13 years$3,038$2,658$2,320$2,020$1,756$1,470
14 years$2,792$2,416$2,085$1,794$1,539$1,268
15 years$2,579$2,207$1,882$1,599$1,355$1,098
16 years$2,392$2,025$1,706$1,432$1,198$954
17 years$2,228$1,865$1,553$1,287$1,062$831
18 years$2,083$1,723$1,417$1,160$944$726
19 years$1,952$1,597$1,298$1,048$842$636
20 years$1,835$1,484$1,191$949$752$558
21 years$1,730$1,382$1,095$861$673$490
22 years$1,633$1,290$1,010$783$603$431
23 years$1,546$1,207$932$713$541$380
24 years$1,466$1,131$862$650$487$335
25 years$1,392$1,061$798$594$438$296
26 years$1,324$997$741$543$394$261
27 years$1,262$939$688$497$356$231
28 years$1,204$884$639$456$321$204
29 years$1,150$834$595$418$290$181
30 years$1,099$788$554$383$262$160
31 years$1,052$745$517$352$237$142
32 years$1,008$705$482$324$214$126
33 years$967$668$450$298$194$112
34 years$928$633$420$274$175$99
35 years$892$600$393$252$159$88
36 years$858$570$368$232$144$78
37 years$825$541$344$214$130$69
38 years$795$514$322$197$118$61
39 years$766$489$302$182$107$54
40 years$738$465$283$168$97$48
41 years$712$443$265$155$88$43
42 years$687$422$249$143$80$38
43 years$664$402$234$132$73$34
44 years$642$383$219$122$66$30
45 years$620$365$206$112$60$27
46 years$600$348$193$104$54$24
47 years$581$332$182$96$49$21
48 years$562$317$171$89$45$19
49 years$544$303$160$82$41$17
50 years$527$289$151$76$37$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $540,000, adding $5,438 every year, while hoping to spend $38,534 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: 82/7/11 Blend
29$540,000$540,000$540,000$540,000
30$600,689$572,069$563,699$648,389
31$620,960$559,101$541,583$667,470
32$642,006$544,205$517,435$682,766
33$663,867$527,248$491,146$698,408
34$686,584$508,085$462,601$714,408
35$710,201$486,566$431,683$730,783
36$734,764$462,531$398,267$747,548
37$760,324$435,810$362,224$764,722
38$786,937$406,223$323,418$782,327
39$814,658$373,583$281,706$800,385
40$843,553$337,687$236,943$818,920
41$873,687$298,326$188,972$837,962
42$905,134$255,275$137,634$857,541
43$937,972$208,297$82,759$877,691
44$972,285$157,144$24,171$898,452
45$1,008,166$101,552$0$919,865
46$1,045,713$41,242$0$946,479
47$1,085,033$0$0$977,167
48$1,126,242$0$0$1,011,024
49$1,169,467$0$0$1,049,873
50$1,214,843$0$0$1,090,659
51$1,262,520$0$0$1,133,517
52$1,312,658$0$0$1,178,593
53$1,365,434$0$0$1,226,044
54$1,421,037$0$0$1,276,043
55$1,479,676$0$0$1,328,778
56$1,541,578$0$0$1,384,453
57$1,606,989$0$0$1,443,291
58$1,676,180$0$0$1,505,536
59$1,749,444$0$0$1,571,453
60$1,827,104$0$0$1,641,333
61$1,909,510$0$0$1,715,492
62$1,997,047$0$0$1,794,279
63$2,090,135$0$0$1,878,071
64$2,189,234$0$0$1,967,285
65$2,294,846$0$0$2,062,374
66$2,407,524$0$0$2,163,837
67$2,527,871$0$0$2,272,219
68$2,656,549$0$0$2,388,118
69$2,794,284$0$0$2,512,188
70$2,941,871$0$0$2,645,149
71$3,100,182$0$0$2,787,788
72$3,270,176$0$0$2,940,971
73$3,452,903$0$0$3,105,647
74$3,649,517$0$0$3,282,857
75$3,861,284$0$0$3,473,747
76$4,089,597$0$0$3,679,573
77$4,335,984$0$0$3,901,715
78$4,602,123$0$0$4,141,690
79$4,889,860$0$0$4,401,166
80$5,201,223$0$0$4,681,975
81$5,538,443$0$0$4,986,131
82$5,903,969$0$0$5,315,849
83$6,300,498$0$0$5,673,564
84$6,730,995$0$0$6,061,953
85$7,198,719$0$0$6,483,964
86$7,707,258$0$0$6,942,835
87$8,260,557$0$0$7,442,134
88$8,862,959$0$0$7,985,781
89$9,519,239$0$0$8,578,093
90$10,234,657$0$0$9,223,821
91$11,014,997$0$0$9,928,192
92$11,866,629$0$0$10,696,961
93$12,796,563$0$0$11,536,461
94$13,812,515$0$0$12,453,664
95$14,922,982$0$0$13,456,248
96$16,137,316$0$0$14,552,663
97$17,465,816$0$0$15,752,215
98$18,919,822$0$0$17,065,149
99$20,511,820$0$0$18,502,748
100$22,255,560$0$0$20,077,436