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%17.5%
1 years$44,593$44,195$43,808$43,430$43,060$41,749
2 years$22,076$21,664$21,266$20,880$20,505$19,195
3 years$14,571$14,158$13,761$13,378$13,009$11,742
4 years$10,819$10,408$10,014$9,638$9,278$8,063
5 years$8,569$8,160$7,771$7,403$7,053$5,893
6 years$7,069$6,663$6,280$5,920$5,581$4,478
7 years$5,998$5,596$5,219$4,867$4,539$3,492
8 years$5,195$4,796$4,426$4,083$3,765$2,774
9 years$4,571$4,176$3,812$3,478$3,171$2,235
10 years$4,072$3,681$3,324$2,998$2,702$1,819
11 years$3,665$3,277$2,926$2,609$2,324$1,493
12 years$3,325$2,941$2,597$2,289$2,014$1,233
13 years$3,038$2,658$2,320$2,020$1,756$1,024
14 years$2,792$2,416$2,085$1,794$1,539$853
15 years$2,579$2,207$1,882$1,599$1,355$714
16 years$2,392$2,025$1,706$1,432$1,198$599
17 years$2,228$1,865$1,553$1,287$1,062$503
18 years$2,083$1,723$1,417$1,160$944$424
19 years$1,952$1,597$1,298$1,048$842$358
20 years$1,835$1,484$1,191$949$752$302
21 years$1,730$1,382$1,095$861$673$256
22 years$1,633$1,290$1,010$783$603$217
23 years$1,546$1,207$932$713$541$183
24 years$1,466$1,131$862$650$487$156
25 years$1,392$1,061$798$594$438$132
26 years$1,324$997$741$543$394$112
27 years$1,262$939$688$497$356$95
28 years$1,204$884$639$456$321$81
29 years$1,150$834$595$418$290$69
30 years$1,099$788$554$383$262$58
31 years$1,052$745$517$352$237$50
32 years$1,008$705$482$324$214$42
33 years$967$668$450$298$194$36
34 years$928$633$420$274$175$30
35 years$892$600$393$252$159$26
36 years$858$570$368$232$144$22
37 years$825$541$344$214$130$19
38 years$795$514$322$197$118$16
39 years$766$489$302$182$107$14
40 years$738$465$283$168$97$12
41 years$712$443$265$155$88$10
42 years$687$422$249$143$80$8
43 years$664$402$234$132$73$7
44 years$642$383$219$122$66$6
45 years$620$365$206$112$60$5
46 years$600$348$193$104$54$4
47 years$581$332$182$96$49$4
48 years$562$317$171$89$45$3
49 years$544$303$160$82$41$3
50 years$527$289$151$76$37$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $540,000, adding $5,065 every year, while hoping to spend $33,062 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: 60/33/7 Blend
29$540,000$540,000$540,000$540,000
30$600,305$571,685$563,315$635,158
31$626,358$564,519$547,008$651,945
32$653,961$555,895$529,047$665,999
33$683,236$545,705$509,341$680,494
34$714,318$533,837$487,796$695,473
35$747,354$520,171$464,313$710,984
36$782,506$504,581$438,789$727,083
37$819,949$486,933$411,117$743,832
38$859,877$467,085$381,182$761,302
39$902,501$444,889$348,868$779,573
40$948,052$420,184$314,051$798,734
41$996,784$392,804$276,602$818,885
42$1,048,976$362,572$236,389$840,140
43$1,104,933$329,299$193,269$862,626
44$1,164,990$292,789$147,097$886,485
45$1,229,514$252,831$97,720$911,876
46$1,298,910$209,204$44,979$938,979
47$1,373,619$161,675$0$967,993
48$1,454,128$109,998$0$999,987
49$1,540,972$53,911$0$1,038,006
50$1,634,738$0$0$1,078,981
51$1,736,070$0$0$1,125,728
52$1,845,677$0$0$1,197,502
53$1,964,339$0$0$1,275,241
54$2,092,912$0$0$1,359,511
55$2,232,339$0$0$1,450,934
56$2,383,654$0$0$1,550,193
57$2,547,997$0$0$1,658,042
58$2,726,622$0$0$1,775,308
59$2,920,906$0$0$1,902,901
60$3,132,366$0$0$2,041,824
61$3,362,672$0$0$2,193,179
62$3,613,659$0$0$2,358,180
63$3,887,348$0$0$2,538,161
64$4,185,965$0$0$2,734,594
65$4,511,956$0$0$2,949,094
66$4,868,018$0$0$3,183,445
67$5,257,118$0$0$3,439,606
68$5,682,521$0$0$3,719,736
69$6,147,824$0$0$4,026,212
70$6,656,988$0$0$4,361,651
71$7,214,371$0$0$4,728,934
72$7,824,777$0$0$5,131,237
73$8,493,492$0$0$5,572,052
74$9,226,339$0$0$6,055,230
75$10,029,732$0$0$6,585,008
76$10,910,734$0$0$7,166,057
77$11,877,124$0$0$7,803,519
78$12,937,471$0$0$8,503,056
79$14,101,213$0$0$9,270,910
80$15,378,746$0$0$10,113,951
81$16,781,523$0$0$11,039,751
82$18,322,159$0$0$12,056,650
83$20,014,550$0$0$13,173,833
84$21,874,007$0$0$14,401,422
85$23,917,394$0$0$15,750,568
86$26,163,293$0$0$17,233,552
87$28,632,172$0$0$18,863,908
88$31,346,584$0$0$20,656,545
89$34,331,375$0$0$22,627,889
90$37,613,919$0$0$24,796,039
91$41,224,375$0$0$27,180,933
92$45,195,974$0$0$29,804,541
93$49,565,328$0$0$32,691,068
94$54,372,776$0$0$35,867,184
95$59,662,765$0$0$39,362,275
96$65,484,267$0$0$43,208,720
97$71,891,243$0$0$47,442,195
98$78,943,150$0$0$52,102,008
99$86,705,500$0$0$57,231,475
100$95,250,480$0$0$62,878,322