Can I retire at age 30 with 507,000?

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 $507,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$41,868$41,495$41,131$40,776$40,429$39,025
2 years$20,727$20,341$19,966$19,604$19,252$17,852
3 years$13,680$13,293$12,920$12,560$12,214$10,863
4 years$10,158$9,772$9,402$9,049$8,711$7,418
5 years$8,045$7,661$7,296$6,950$6,622$5,391
6 years$6,637$6,256$5,897$5,558$5,240$4,071
7 years$5,632$5,254$4,900$4,570$4,261$3,155
8 years$4,878$4,503$4,156$3,834$3,535$2,491
9 years$4,292$3,921$3,579$3,265$2,977$1,993
10 years$3,824$3,456$3,121$2,815$2,537$1,611
11 years$3,441$3,077$2,747$2,450$2,182$1,313
12 years$3,122$2,762$2,438$2,149$1,891$1,076
13 years$2,852$2,496$2,178$1,897$1,649$887
14 years$2,621$2,268$1,957$1,684$1,445$734
15 years$2,421$2,072$1,767$1,502$1,272$609
16 years$2,246$1,901$1,602$1,345$1,125$507
17 years$2,092$1,751$1,458$1,208$997$423
18 years$1,955$1,618$1,331$1,089$887$353
19 years$1,833$1,500$1,218$984$790$296
20 years$1,723$1,393$1,118$891$706$248
21 years$1,624$1,298$1,028$809$632$208
22 years$1,534$1,212$948$735$566$174
23 years$1,451$1,133$875$670$508$146
24 years$1,376$1,062$809$611$457$123
25 years$1,307$996$750$558$411$103
26 years$1,243$936$695$510$370$87
27 years$1,185$881$646$467$334$73
28 years$1,130$830$600$428$301$62
29 years$1,079$783$559$392$272$52
30 years$1,032$740$520$360$246$44
31 years$988$699$485$331$222$37
32 years$947$662$453$304$201$31
33 years$908$627$423$279$182$26
34 years$872$594$395$257$165$22
35 years$837$563$369$237$149$19
36 years$805$535$345$218$135$16
37 years$775$508$323$201$122$13
38 years$746$483$303$185$111$11
39 years$719$459$284$171$101$9
40 years$693$437$266$157$91$8
41 years$669$416$249$145$83$7
42 years$645$396$234$134$75$6
43 years$623$377$219$124$68$5
44 years$602$360$206$114$62$4
45 years$582$343$193$105$56$3
46 years$563$327$182$97$51$3
47 years$545$312$171$90$46$2
48 years$528$298$160$83$42$2
49 years$511$285$151$77$38$2
50 years$495$272$142$71$35$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $507,000, adding $4,061 every year, while hoping to spend $27,506 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: 84/7/9 Blend
29$507,000$507,000$507,000$507,000
30$562,903$536,032$528,173$609,171
31$591,053$533,031$516,601$637,014
32$621,152$528,962$503,719$663,464
33$653,371$523,742$489,455$691,666
34$687,895$517,285$473,732$721,778
35$724,928$509,501$456,470$753,975
36$764,696$500,291$437,586$788,450
37$807,443$489,554$416,994$825,416
38$853,440$477,179$394,601$865,105
39$902,983$463,054$370,312$907,775
40$956,398$447,054$344,029$953,710
41$1,014,043$429,052$315,646$1,003,221
42$1,076,310$408,910$285,055$1,056,652
43$1,143,632$386,485$252,143$1,114,382
44$1,216,484$361,624$216,790$1,176,828
45$1,295,386$334,165$178,874$1,244,451
46$1,380,914$303,937$138,264$1,317,756
47$1,473,697$270,760$94,826$1,397,302
48$1,574,430$234,443$48,419$1,483,705
49$1,683,876$194,785$0$1,577,642
50$1,802,874$151,572$0$1,679,967
51$1,932,348$104,580$0$1,796,367
52$2,073,314$53,571$0$1,923,109
53$2,226,891$0$0$2,061,212
54$2,394,309$0$0$2,211,925
55$2,576,921$0$0$2,380,826
56$2,776,220$0$0$2,565,169
57$2,993,846$0$0$2,766,471
58$3,231,604$0$0$2,986,406
59$3,491,484$0$0$3,226,814
60$3,775,675$0$0$3,489,720
61$4,086,587$0$0$3,777,357
62$4,426,875$0$0$4,092,181
63$4,799,461$0$0$4,436,897
64$5,207,563$0$0$4,814,484
65$5,654,727$0$0$5,228,224
66$6,144,855$0$0$5,681,729
67$6,682,246$0$0$6,178,979
68$7,271,636$0$0$6,724,356
69$7,918,240$0$0$7,322,688
70$8,627,801$0$0$7,979,292
71$9,406,647$0$0$8,700,025
72$10,261,748$0$0$9,491,338
73$11,200,782$0$0$10,360,338
74$12,232,205$0$0$11,314,854
75$13,365,336$0$0$12,363,510
76$14,610,437$0$0$13,515,807
77$15,978,816$0$0$14,782,212
78$17,482,931$0$0$16,174,256
79$19,136,505$0$0$17,704,642
80$20,954,659$0$0$19,387,367
81$22,954,051$0$0$21,237,851
82$25,153,034$0$0$23,273,082
83$27,571,830$0$0$25,511,780
84$30,232,718$0$0$27,974,568
85$33,160,247$0$0$30,684,168
86$36,381,463$0$0$33,665,618
87$39,926,168$0$0$36,946,503
88$43,827,197$0$0$40,557,218
89$48,120,731$0$0$44,531,255
90$52,846,634$0$0$48,905,516
91$58,048,834$0$0$53,720,661
92$63,775,731$0$0$59,021,495
93$70,080,659$0$0$64,857,386
94$77,022,382$0$0$71,282,732
95$84,665,657$0$0$78,357,475
96$93,081,836$0$0$86,147,664
97$102,349,544$0$0$94,726,082
98$112,555,419$0$0$104,172,926
99$123,794,929$0$0$114,576,568
100$136,173,273$0$0$126,034,389