Can I retire at age 30 with 501,000?

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 $501,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$41,372$41,004$40,644$40,293$39,950$39,782
2 years$20,481$20,100$19,730$19,372$19,024$18,854
3 years$13,519$13,135$12,767$12,412$12,070$11,903
4 years$10,038$9,656$9,291$8,942$8,608$8,447
5 years$7,950$7,570$7,210$6,868$6,544$6,388
6 years$6,559$6,182$5,827$5,493$5,178$5,028
7 years$5,565$5,191$4,842$4,516$4,211$4,066
8 years$4,820$4,450$4,107$3,788$3,493$3,354
9 years$4,241$3,875$3,537$3,227$2,942$2,809
10 years$3,778$3,415$3,084$2,781$2,507$2,379
11 years$3,400$3,040$2,715$2,421$2,156$2,034
12 years$3,085$2,729$2,409$2,123$1,868$1,751
13 years$2,818$2,466$2,153$1,875$1,629$1,518
14 years$2,590$2,242$1,934$1,664$1,428$1,322
15 years$2,392$2,048$1,746$1,484$1,257$1,156
16 years$2,220$1,879$1,583$1,329$1,111$1,015
17 years$2,067$1,730$1,441$1,194$985$894
18 years$1,932$1,599$1,315$1,076$876$789
19 years$1,811$1,482$1,204$972$781$699
20 years$1,703$1,377$1,105$880$698$620
21 years$1,605$1,283$1,016$799$624$551
22 years$1,516$1,197$937$727$560$490
23 years$1,434$1,120$865$662$502$436
24 years$1,360$1,049$800$604$451$389
25 years$1,292$985$741$551$406$348
26 years$1,229$925$687$504$366$311
27 years$1,171$871$638$461$330$278
28 years$1,117$821$593$423$298$249
29 years$1,067$774$552$388$269$223
30 years$1,020$731$514$356$243$200
31 years$976$691$479$327$220$179
32 years$935$654$447$300$199$161
33 years$897$619$418$276$180$144
34 years$861$587$390$254$163$130
35 years$828$557$365$234$147$116
36 years$796$528$341$215$134$105
37 years$766$502$319$198$121$94
38 years$737$477$299$183$110$85
39 years$710$454$280$169$100$76
40 years$685$432$263$156$90$68
41 years$661$411$246$144$82$62
42 years$638$391$231$132$74$55
43 years$616$373$217$122$67$50
44 years$595$355$203$113$61$45
45 years$575$339$191$104$56$40
46 years$557$323$179$96$50$36
47 years$539$308$169$89$46$33
48 years$521$294$158$82$42$29
49 years$505$281$149$76$38$26
50 years$489$269$140$70$34$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $501,000, adding $5,817 every year, while hoping to spend $32,538 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: 34/45/21 Blend
29$501,000$501,000$501,000$501,000
30$558,102$531,549$523,784$573,324
31$580,408$522,975$506,710$576,519
32$603,899$512,890$487,974$576,563
33$628,662$501,186$467,486$575,941
34$654,789$487,748$445,151$574,614
35$682,385$472,455$420,871$572,541
36$711,561$455,178$394,542$569,682
37$742,439$435,781$366,059$565,994
38$775,153$414,120$335,307$561,436
39$809,850$390,042$302,171$555,965
40$846,687$363,387$266,526$549,538
41$885,841$333,985$228,246$542,112
42$927,501$301,654$187,197$533,645
43$971,876$266,206$143,238$524,096
44$1,019,196$227,438$96,225$513,422
45$1,069,710$185,138$46,005$501,586
46$1,123,693$139,083$0$488,549
47$1,181,446$89,034$0$475,977
48$1,243,298$34,741$0$473,248
49$1,309,611$0$0$470,055
50$1,380,783$0$0$478,326
51$1,457,249$0$0$505,747
52$1,539,486$0$0$535,292
53$1,628,019$0$0$567,156
54$1,723,426$0$0$601,553
55$1,826,338$0$0$638,721
56$1,937,452$0$0$678,917
57$2,057,531$0$0$722,428
58$2,187,416$0$0$769,566
59$2,328,030$0$0$820,676
60$2,480,387$0$0$876,136
61$2,645,605$0$0$936,363
62$2,824,909$0$0$1,001,816
63$3,019,650$0$0$1,072,998
64$3,231,313$0$0$1,150,464
65$3,461,531$0$0$1,234,824
66$3,712,100$0$0$1,326,750
67$3,984,999$0$0$1,426,981
68$4,282,402$0$0$1,536,329
69$4,606,705$0$0$1,655,690
70$4,960,543$0$0$1,786,051
71$5,346,817$0$0$1,928,494
72$5,768,721$0$0$2,084,215
73$6,229,769$0$0$2,254,528
74$6,733,833$0$0$2,440,882
75$7,285,172$0$0$2,644,870
76$7,888,480$0$0$2,868,248
77$8,548,922$0$0$3,112,950
78$9,272,187$0$0$3,381,103
79$10,064,541$0$0$3,675,052
80$10,932,882$0$0$3,997,380
81$11,884,809$0$0$4,350,931
82$12,928,691$0$0$4,738,838
83$14,073,746$0$0$5,164,551
84$15,330,126$0$0$5,631,870
85$16,709,013$0$0$6,144,983
86$18,222,726$0$0$6,708,501
87$19,884,834$0$0$7,327,505
88$21,710,283$0$0$8,007,592
89$23,715,540$0$0$8,754,927
90$25,918,744$0$0$9,576,303
91$28,339,877$0$0$10,479,202
92$31,000,955$0$0$11,471,871
93$33,926,231$0$0$12,563,391
94$37,142,425$0$0$13,763,769
95$40,678,975$0$0$15,084,032
96$44,568,317$0$0$16,536,328
97$48,846,184$0$0$18,134,039
98$53,551,949$0$0$19,891,914
99$58,728,990$0$0$21,826,201
100$64,425,104$0$0$23,954,802