Can I retire at age 30 with 500,000?

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 $500,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$41,290$40,922$40,563$40,213$39,871$39,586
2 years$20,440$20,060$19,691$19,333$18,986$18,699
3 years$13,492$13,109$12,741$12,387$12,046$11,765
4 years$10,018$9,637$9,272$8,924$8,591$8,319
5 years$7,934$7,555$7,196$6,855$6,531$6,269
6 years$6,545$6,169$5,815$5,482$5,168$4,915
7 years$5,554$5,181$4,832$4,507$4,203$3,960
8 years$4,811$4,441$4,098$3,781$3,486$3,254
9 years$4,233$3,867$3,530$3,220$2,936$2,713
10 years$3,771$3,408$3,077$2,776$2,502$2,289
11 years$3,393$3,034$2,709$2,416$2,152$1,948
12 years$3,079$2,723$2,404$2,119$1,864$1,671
13 years$2,813$2,461$2,148$1,871$1,626$1,441
14 years$2,585$2,237$1,930$1,661$1,425$1,249
15 years$2,388$2,044$1,743$1,481$1,255$1,088
16 years$2,215$1,875$1,580$1,326$1,109$950
17 years$2,063$1,727$1,438$1,191$983$833
18 years$1,928$1,596$1,312$1,074$874$732
19 years$1,808$1,479$1,202$970$779$645
20 years$1,699$1,374$1,103$879$696$569
21 years$1,601$1,280$1,014$798$623$503
22 years$1,512$1,195$935$725$558$445
23 years$1,431$1,118$863$660$501$394
24 years$1,357$1,047$798$602$451$350
25 years$1,289$983$739$550$405$311
26 years$1,226$923$686$503$365$276
27 years$1,168$869$637$460$329$246
28 years$1,114$819$592$422$297$219
29 years$1,064$773$551$387$268$195
30 years$1,018$730$513$355$242$174
31 years$974$690$478$326$219$155
32 years$934$653$446$300$198$138
33 years$895$618$417$276$179$123
34 years$860$586$389$254$162$110
35 years$826$556$364$233$147$98
36 years$794$527$341$215$133$88
37 years$764$501$319$198$121$79
38 years$736$476$298$183$110$70
39 years$709$453$280$168$99$63
40 years$684$431$262$155$90$56
41 years$659$410$246$143$82$50
42 years$637$390$231$132$74$45
43 years$615$372$216$122$67$40
44 years$594$355$203$113$61$36
45 years$574$338$191$104$55$32
46 years$555$323$179$96$50$29
47 years$538$308$168$89$46$26
48 years$520$294$158$82$42$23
49 years$504$281$149$76$38$21
50 years$488$268$140$70$34$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $500,000, adding $6,161 every year, while hoping to spend $22,197 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: 59/30/11 Blend
29$500,000$500,000$500,000$500,000
30$557,355$530,855$523,105$588,411
31$590,588$533,250$517,012$612,434
32$626,466$535,017$509,970$635,576
33$665,237$536,104$501,925$660,272
34$707,171$536,453$492,820$686,673
35$752,566$536,003$482,592$714,947
36$801,748$534,688$471,180$745,280
37$855,079$532,440$458,517$777,876
38$912,953$529,185$444,533$812,961
39$975,806$524,847$429,157$850,786
40$1,044,117$519,343$412,312$891,628
41$1,118,412$512,586$393,919$935,793
42$1,199,270$504,483$373,896$983,618
43$1,287,330$494,937$352,156$1,035,479
44$1,383,292$483,843$328,607$1,091,789
45$1,487,929$471,093$303,157$1,153,003
46$1,602,090$456,569$275,705$1,219,627
47$1,726,712$440,149$246,150$1,292,219
48$1,862,822$421,702$214,382$1,371,395
49$2,011,556$401,092$180,290$1,457,836
50$2,174,160$378,171$143,755$1,552,294
51$2,352,009$352,786$104,655$1,655,599
52$2,546,615$324,773$62,862$1,768,670
53$2,759,644$293,962$18,243$1,892,520
54$2,992,931$260,168$0$2,028,269
55$3,248,494$223,201$0$2,180,601
56$3,528,558$182,856$0$2,349,942
57$3,835,574$138,918$0$2,535,673
58$4,172,239$91,162$0$2,739,479
59$4,541,525$39,347$0$2,963,215
60$4,946,706$0$0$3,208,929
61$5,391,386$0$0$3,484,423
62$5,879,537$0$0$3,801,149
63$6,415,534$0$0$4,148,963
64$7,004,195$0$0$4,530,997
65$7,650,830$0$0$4,950,701
66$8,361,286$0$0$5,411,878
67$9,142,006$0$0$5,918,716
68$10,000,086$0$0$6,475,828
69$10,943,348$0$0$7,088,298
70$11,980,404$0$0$7,761,726
71$13,120,747$0$0$8,502,282
72$14,374,832$0$0$9,316,763
73$15,754,181$0$0$10,212,660
74$17,271,487$0$0$11,198,224
75$18,940,734$0$0$12,282,548
76$20,777,333$0$0$13,475,649
77$22,798,261$0$0$14,788,565
78$25,022,226$0$0$16,233,459
79$27,469,839$0$0$17,823,730
80$30,163,812$0$0$19,574,144
81$33,129,170$0$0$21,500,971
82$36,393,486$0$0$23,622,137
83$39,987,145$0$0$25,957,397
84$43,943,626$0$0$28,528,515
85$48,299,817$0$0$31,359,477
86$53,096,369$0$0$34,476,711
87$58,378,074$0$0$37,909,337
88$64,194,288$0$0$41,689,444
89$70,599,397$0$0$45,852,394
90$77,653,332$0$0$50,437,149
91$85,422,132$0$0$55,486,645
92$93,978,566$0$0$61,048,194
93$103,402,823$0$0$67,173,932
94$113,783,266$0$0$73,921,308
95$125,217,264$0$0$81,353,628
96$137,812,115$0$0$89,540,654
97$151,686,055$0$0$98,559,259
98$166,969,376$0$0$108,494,153
99$183,805,654$0$0$119,438,685
100$202,353,102$0$0$131,495,721