Can I retire at age 30 with 503,000?

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 $503,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$41,537$41,167$40,806$40,454$40,110$39,757
2 years$20,563$20,180$19,809$19,449$19,100$18,745
3 years$13,572$13,188$12,818$12,461$12,118$11,771
4 years$10,078$9,694$9,328$8,978$8,643$8,306
5 years$7,982$7,601$7,239$6,896$6,570$6,246
6 years$6,585$6,206$5,850$5,514$5,199$4,887
7 years$5,587$5,212$4,861$4,534$4,228$3,929
8 years$4,839$4,468$4,123$3,803$3,507$3,221
9 years$4,258$3,890$3,551$3,240$2,954$2,679
10 years$3,793$3,429$3,096$2,793$2,517$2,255
11 years$3,413$3,053$2,726$2,430$2,164$1,914
12 years$3,097$2,740$2,419$2,132$1,876$1,637
13 years$2,829$2,476$2,161$1,882$1,636$1,409
14 years$2,600$2,251$1,942$1,671$1,434$1,218
15 years$2,402$2,056$1,753$1,490$1,262$1,058
16 years$2,228$1,886$1,589$1,334$1,116$922
17 years$2,076$1,737$1,446$1,199$989$806
18 years$1,940$1,605$1,320$1,080$880$706
19 years$1,819$1,488$1,209$976$784$620
20 years$1,710$1,382$1,109$884$700$545
21 years$1,611$1,288$1,020$802$627$481
22 years$1,522$1,202$940$729$562$424
23 years$1,440$1,124$868$664$504$375
24 years$1,365$1,053$803$606$453$332
25 years$1,297$989$744$553$408$294
26 years$1,234$929$690$506$367$260
27 years$1,175$874$641$463$331$231
28 years$1,121$824$595$424$299$205
29 years$1,071$777$554$389$270$182
30 years$1,024$734$516$357$244$162
31 years$980$694$481$328$220$144
32 years$939$657$449$301$199$128
33 years$901$622$419$277$180$114
34 years$865$589$392$255$163$101
35 years$831$559$366$235$148$90
36 years$799$531$343$216$134$80
37 years$769$504$321$199$122$71
38 years$740$479$300$184$110$64
39 years$713$455$281$169$100$57
40 years$688$433$264$156$91$50
41 years$663$412$247$144$82$45
42 years$640$393$232$133$75$40
43 years$618$374$218$123$68$36
44 years$598$357$204$113$61$32
45 years$578$340$192$105$56$28
46 years$559$324$180$97$51$25
47 years$541$310$169$89$46$23
48 years$523$296$159$83$42$20
49 years$507$282$149$76$38$18
50 years$491$270$141$71$34$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $503,000, adding $5,182 every year, while hoping to spend $29,249 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: 43/42/15 Blend
29$503,000$503,000$503,000$503,000
30$559,651$532,992$525,196$581,069
31$585,615$527,988$511,669$591,604
32$613,247$521,759$496,709$599,702
33$642,686$514,213$480,237$607,844
34$674,084$505,254$462,169$616,047
35$707,610$494,780$442,421$624,332
36$743,445$482,683$420,901$632,724
37$781,791$468,849$397,516$641,254
38$822,867$453,156$372,166$649,956
39$866,915$435,477$344,749$658,874
40$914,200$415,674$315,157$668,056
41$965,011$393,605$283,278$677,558
42$1,019,669$369,119$248,995$687,448
43$1,078,523$342,053$212,184$697,801
44$1,141,958$312,239$172,717$708,705
45$1,210,396$279,497$130,461$720,261
46$1,284,301$243,637$85,277$732,583
47$1,364,184$204,460$37,018$745,802
48$1,450,604$161,752$0$760,068
49$1,544,179$115,291$0$777,866
50$1,645,585$64,840$0$803,544
51$1,755,567$10,149$0$831,413
52$1,874,944$0$0$861,746
53$2,004,618$0$0$917,514
54$2,145,579$0$0$983,289
55$2,298,918$0$0$1,054,897
56$2,465,833$0$0$1,132,906
57$2,647,646$0$0$1,217,940
58$2,845,807$0$0$1,310,686
59$3,061,916$0$0$1,411,899
60$3,297,733$0$0$1,522,414
61$3,555,192$0$0$1,643,146
62$3,836,427$0$0$1,775,104
63$4,143,784$0$0$1,919,400
64$4,479,847$0$0$2,077,255
65$4,847,460$0$0$2,250,017
66$5,249,756$0$0$2,439,168
67$5,690,183$0$0$2,646,342
68$6,172,540$0$0$2,873,336
69$6,701,009$0$0$3,122,132
70$7,280,197$0$0$3,394,909
71$7,915,175$0$0$3,694,071
72$8,611,532$0$0$4,022,264
73$9,375,421$0$0$4,382,401
74$10,213,620$0$0$4,777,692
75$11,133,596$0$0$5,211,675
76$12,143,572$0$0$5,688,243
77$13,252,607$0$0$6,211,688
78$14,470,682$0$0$6,786,737
79$15,808,789$0$0$7,418,597
80$17,279,039$0$0$8,113,004
81$18,894,773$0$0$8,876,278
82$20,670,691$0$0$9,715,383
83$22,622,985$0$0$10,637,988
84$24,769,495$0$0$11,652,546
85$27,129,876$0$0$12,768,368
86$29,725,784$0$0$13,995,712
87$32,581,078$0$0$15,345,881
88$35,722,044$0$0$16,831,330
89$39,177,646$0$0$18,465,781
90$42,979,796$0$0$20,264,351
91$47,163,655$0$0$22,243,700
92$51,767,966$0$0$24,422,182
93$56,835,415$0$0$26,820,023
94$62,413,038$0$0$29,459,507
95$68,552,661$0$0$32,365,190
96$75,311,391$0$0$35,564,128
97$82,752,152$0$0$39,086,135
98$90,944,279$0$0$42,964,062
99$99,964,172$0$0$47,234,108
100$109,896,018$0$0$51,936,163