Can I retire at age 30 with 508,000?

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 $508,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$41,950$41,576$41,212$40,856$40,509$39,920
2 years$20,767$20,381$20,006$19,642$19,290$18,698
3 years$13,707$13,319$12,945$12,585$12,238$11,661
4 years$10,178$9,791$9,421$9,067$8,728$8,171
5 years$8,061$7,676$7,311$6,964$6,635$6,099
6 years$6,650$6,268$5,908$5,569$5,250$4,736
7 years$5,643$5,264$4,910$4,579$4,270$3,778
8 years$4,888$4,512$4,164$3,841$3,542$3,072
9 years$4,301$3,929$3,586$3,272$2,983$2,535
10 years$3,831$3,463$3,127$2,820$2,542$2,115
11 years$3,447$3,083$2,753$2,454$2,186$1,781
12 years$3,128$2,767$2,443$2,153$1,894$1,509
13 years$2,858$2,501$2,183$1,901$1,652$1,287
14 years$2,626$2,273$1,961$1,687$1,448$1,103
15 years$2,426$2,076$1,771$1,505$1,275$948
16 years$2,251$1,905$1,605$1,347$1,127$818
17 years$2,096$1,754$1,461$1,211$999$708
18 years$1,959$1,621$1,333$1,091$888$614
19 years$1,837$1,503$1,221$986$792$534
20 years$1,727$1,396$1,120$893$707$465
21 years$1,627$1,301$1,030$810$633$406
22 years$1,537$1,214$950$737$567$354
23 years$1,454$1,135$877$671$509$310
24 years$1,379$1,064$811$612$458$271
25 years$1,310$998$751$559$412$237
26 years$1,246$938$697$511$371$208
27 years$1,187$883$647$468$335$182
28 years$1,132$832$601$429$302$160
29 years$1,081$785$560$393$273$141
30 years$1,034$741$521$361$246$123
31 years$990$701$486$331$223$108
32 years$949$663$453$304$201$95
33 years$910$628$423$280$182$84
34 years$873$595$396$258$165$74
35 years$839$564$370$237$149$65
36 years$807$536$346$218$135$57
37 years$776$509$324$201$123$50
38 years$748$484$303$185$111$44
39 years$720$460$284$171$101$39
40 years$695$438$266$158$92$34
41 years$670$416$250$146$83$30
42 years$647$397$234$134$75$27
43 years$625$378$220$124$68$23
44 years$604$360$206$114$62$21
45 years$584$344$194$106$56$18
46 years$564$328$182$98$51$16
47 years$546$313$171$90$46$14
48 years$529$299$161$83$42$12
49 years$512$285$151$77$38$11
50 years$496$272$142$71$35$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $508,000, adding $2,801 every year, while hoping to spend $24,739 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: 36/34/30 Blend
29$508,000$508,000$508,000$508,000
30$562,705$535,781$527,907$577,823
31$593,779$535,712$519,270$589,300
32$627,193$534,811$509,514$599,263
33$663,160$533,010$498,577$609,553
34$701,914$530,239$486,390$620,216
35$743,711$526,422$472,885$631,307
36$788,832$521,479$457,990$642,886
37$837,587$515,326$441,627$655,021
38$890,317$507,873$423,717$667,792
39$947,394$499,024$404,177$681,287
40$1,009,231$488,679$382,920$695,606
41$1,076,280$476,731$359,854$710,862
42$1,149,036$463,067$334,886$727,183
43$1,228,048$447,567$307,914$744,712
44$1,313,916$430,105$278,836$763,610
45$1,407,301$410,546$247,543$784,058
46$1,508,932$388,749$213,922$806,260
47$1,619,608$364,563$177,854$830,442
48$1,740,212$337,831$139,216$856,860
49$1,871,713$308,383$97,879$885,799
50$2,015,178$276,044$53,707$917,577
51$2,171,781$240,626$6,562$952,550
52$2,342,817$201,930$0$991,114
53$2,529,707$159,748$0$1,047,718
54$2,734,020$113,858$0$1,112,001
55$2,957,481$64,028$0$1,182,463
56$3,201,989$10,011$0$1,259,768
57$3,469,637$0$0$1,344,654
58$3,762,728$0$0$1,456,063
59$4,083,799$0$0$1,582,282
60$4,435,643$0$0$1,720,674
61$4,821,337$0$0$1,872,457
62$5,244,269$0$0$2,038,974
63$5,708,172$0$0$2,221,705
64$6,217,155$0$0$2,422,280
65$6,775,748$0$0$2,642,493
66$7,388,938$0$0$2,884,322
67$8,062,217$0$0$3,149,944
68$8,801,639$0$0$3,441,760
69$9,613,870$0$0$3,762,412
70$10,506,254$0$0$4,114,813
71$11,486,881$0$0$4,502,171
72$12,564,666$0$0$4,928,020
73$13,749,428$0$0$5,396,255
74$15,051,985$0$0$5,911,165
75$16,484,257$0$0$6,477,478
76$18,059,375$0$0$7,100,401
77$19,791,807$0$0$7,785,672
78$21,697,495$0$0$8,539,613
79$23,794,000$0$0$9,369,190
80$26,100,675$0$0$10,282,077
81$28,638,841$0$0$11,286,732
82$31,431,990$0$0$12,392,472
83$34,506,009$0$0$13,609,564
84$37,889,418$0$0$14,949,321
85$41,613,644$0$0$16,424,207
86$45,713,316$0$0$18,047,959
87$50,226,589$0$0$19,835,711
88$55,195,507$0$0$21,804,140
89$60,666,398$0$0$23,971,621
90$66,690,309$0$0$26,358,405
91$73,323,492$0$0$28,986,803
92$80,627,929$0$0$31,881,404
93$88,671,919$0$0$35,069,298
94$97,530,725$0$0$38,580,342
95$107,287,278$0$0$42,447,432
96$118,032,965$0$0$46,706,821
97$129,868,487$0$0$51,398,454
98$142,904,812$0$0$56,566,351
99$157,264,218$0$0$62,259,019
100$173,081,452$0$0$68,529,910