Can I retire at age 30 with 506,000?

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 $506,000?

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$41,785$41,413$41,050$40,695$40,349$40,179
2 years$20,686$20,300$19,927$19,565$19,214$19,042
3 years$13,653$13,267$12,894$12,535$12,190$12,022
4 years$10,138$9,752$9,384$9,031$8,694$8,531
5 years$8,029$7,646$7,282$6,937$6,609$6,452
6 years$6,624$6,243$5,885$5,547$5,230$5,078
7 years$5,621$5,243$4,890$4,561$4,253$4,107
8 years$4,868$4,494$4,147$3,826$3,528$3,388
9 years$4,284$3,913$3,572$3,259$2,971$2,837
10 years$3,816$3,449$3,114$2,809$2,532$2,403
11 years$3,434$3,071$2,742$2,445$2,177$2,054
12 years$3,115$2,756$2,433$2,144$1,887$1,769
13 years$2,846$2,491$2,174$1,893$1,645$1,533
14 years$2,616$2,264$1,953$1,681$1,442$1,335
15 years$2,416$2,068$1,764$1,499$1,270$1,168
16 years$2,242$1,898$1,599$1,342$1,122$1,025
17 years$2,088$1,748$1,455$1,206$995$903
18 years$1,951$1,615$1,328$1,087$885$797
19 years$1,829$1,497$1,216$982$789$706
20 years$1,720$1,391$1,116$889$704$626
21 years$1,621$1,295$1,026$807$630$556
22 years$1,531$1,209$946$734$565$495
23 years$1,449$1,131$873$668$507$441
24 years$1,374$1,060$808$610$456$393
25 years$1,305$994$748$557$410$351
26 years$1,241$935$694$509$370$314
27 years$1,182$880$644$466$333$281
28 years$1,128$829$599$427$301$251
29 years$1,077$782$557$391$271$225
30 years$1,030$738$519$359$245$202
31 years$986$698$484$330$222$181
32 years$945$660$452$303$201$162
33 years$906$625$422$279$182$146
34 years$870$593$394$257$164$131
35 years$836$562$368$236$149$118
36 years$804$534$345$218$135$106
37 years$773$507$323$200$122$95
38 years$745$482$302$185$111$85
39 years$717$458$283$170$101$77
40 years$692$436$265$157$91$69
41 years$667$415$249$145$83$62
42 years$644$395$233$134$75$56
43 years$622$376$219$123$68$50
44 years$601$359$205$114$62$45
45 years$581$342$193$105$56$41
46 years$562$326$181$97$51$37
47 years$544$312$170$90$46$33
48 years$527$297$160$83$42$30
49 years$510$284$150$77$38$27
50 years$494$271$141$71$35$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $506,000, adding $6,562 every year, while hoping to spend $34,428 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: 42/38/20 Blend
29$506,000$506,000$506,000$506,000
30$564,381$537,563$529,720$584,533
31$585,316$527,272$510,834$589,175
32$607,234$515,323$490,162$590,362
33$630,196$501,599$467,607$590,938
34$654,273$485,974$443,069$590,866
35$679,540$468,318$416,443$590,104
36$706,077$448,490$387,618$588,614
37$733,974$426,343$356,480$586,353
38$763,327$401,721$322,909$583,279
39$794,239$374,458$286,780$579,350
40$826,826$344,381$247,962$574,520
41$861,212$311,305$206,318$568,746
42$897,531$275,035$161,705$561,984
43$935,932$235,364$113,975$554,189
44$976,576$192,076$62,972$545,316
45$1,019,638$144,939$8,533$535,323
46$1,065,312$93,712$0$524,166
47$1,113,806$38,137$0$522,381
48$1,165,352$0$0$521,981
49$1,220,201$0$0$530,370
50$1,278,628$0$0$556,330
51$1,340,934$0$0$584,050
52$1,407,450$0$0$613,684
53$1,478,538$0$0$645,397
54$1,554,593$0$0$679,372
55$1,636,051$0$0$715,809
56$1,723,389$0$0$754,928
57$1,817,130$0$0$796,970
58$1,917,849$0$0$842,198
59$2,026,174$0$0$890,903
60$2,142,800$0$0$943,405
61$2,268,484$0$0$1,000,053
62$2,404,063$0$0$1,061,233
63$2,550,452$0$0$1,127,367
64$2,708,661$0$0$1,198,920
65$2,879,795$0$0$1,276,403
66$3,065,073$0$0$1,360,378
67$3,265,833$0$0$1,451,462
68$3,483,547$0$0$1,550,336
69$3,719,832$0$0$1,657,745
70$3,976,468$0$0$1,774,513
71$4,255,414$0$0$1,901,542
72$4,558,822$0$0$2,039,829
73$4,889,063$0$0$2,190,467
74$5,248,743$0$0$2,354,661
75$5,640,733$0$0$2,533,737
76$6,068,188$0$0$2,729,155
77$6,534,585$0$0$2,942,519
78$7,043,750$0$0$3,175,600
79$7,599,891$0$0$3,430,342
80$8,207,647$0$0$3,708,889
81$8,872,119$0$0$4,013,600
82$9,598,927$0$0$4,347,073
83$10,394,258$0$0$4,712,170
84$11,264,924$0$0$5,112,040
85$12,218,427$0$0$5,550,152
86$13,263,029$0$0$6,030,327
87$14,407,828$0$0$6,556,773
88$15,662,842$0$0$7,134,124
89$17,039,109$0$0$7,767,485
90$18,548,783$0$0$8,462,477
91$20,205,252$0$0$9,225,294
92$22,023,262$0$0$10,062,757
93$24,019,057$0$0$10,982,380
94$26,210,529$0$0$11,992,441
95$28,617,391$0$0$13,102,059
96$31,261,353$0$0$14,321,280
97$34,166,337$0$0$15,661,169
98$37,358,694$0$0$17,133,920
99$40,867,454$0$0$18,752,963
100$44,724,599$0$0$20,533,097