Can I retire at age 30 with 509,000?

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 $509,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$42,033$41,658$41,293$40,937$40,588$40,081
2 years$20,808$20,421$20,045$19,681$19,328$18,817
3 years$13,734$13,345$12,971$12,610$12,262$11,765
4 years$10,198$9,810$9,439$9,085$8,746$8,265
5 years$8,077$7,691$7,325$6,978$6,648$6,185
6 years$6,663$6,280$5,920$5,580$5,261$4,816
7 years$5,654$5,274$4,919$4,588$4,278$3,852
8 years$4,897$4,521$4,172$3,849$3,549$3,142
9 years$4,309$3,936$3,593$3,278$2,989$2,600
10 years$3,839$3,470$3,133$2,826$2,547$2,176
11 years$3,454$3,089$2,758$2,459$2,190$1,837
12 years$3,134$2,772$2,448$2,157$1,898$1,563
13 years$2,863$2,505$2,187$1,904$1,655$1,337
14 years$2,631$2,277$1,965$1,691$1,451$1,149
15 years$2,431$2,080$1,774$1,508$1,277$992
16 years$2,255$1,909$1,608$1,350$1,129$859
17 years$2,100$1,758$1,464$1,213$1,001$746
18 years$1,963$1,624$1,336$1,093$890$649
19 years$1,840$1,505$1,223$988$793$567
20 years$1,730$1,399$1,123$895$709$495
21 years$1,630$1,303$1,033$812$634$433
22 years$1,540$1,216$952$738$568$380
23 years$1,457$1,138$879$672$510$333
24 years$1,382$1,066$813$613$459$293
25 years$1,312$1,000$753$560$413$258
26 years$1,248$940$698$512$372$227
27 years$1,189$885$648$469$335$200
28 years$1,134$834$603$429$302$176
29 years$1,084$787$561$394$273$155
30 years$1,036$743$522$361$247$137
31 years$992$702$487$332$223$121
32 years$950$664$454$305$202$106
33 years$912$629$424$280$183$94
34 years$875$596$396$258$165$83
35 years$841$566$371$238$150$73
36 years$808$537$347$219$136$65
37 years$778$510$324$202$123$57
38 years$749$485$304$186$111$51
39 years$722$461$285$171$101$45
40 years$696$438$267$158$92$40
41 years$671$417$250$146$83$35
42 years$648$397$235$135$75$31
43 years$626$379$220$124$69$27
44 years$605$361$207$115$62$24
45 years$585$344$194$106$56$21
46 years$565$328$182$98$51$19
47 years$547$313$171$90$47$17
48 years$530$299$161$84$42$15
49 years$513$286$151$77$38$13
50 years$497$273$142$71$35$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $509,000, adding $2,483 every year, while hoping to spend $30,473 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: 81/14/5 Blend
29$509,000$509,000$509,000$509,000
30$563,479$536,502$528,613$608,846
31$588,531$530,368$513,898$632,736
32$615,117$522,911$497,669$654,626
33$643,361$514,036$479,844$677,709
34$673,399$503,639$460,334$702,086
35$705,380$491,612$439,049$727,869
36$739,468$477,840$415,896$755,182
37$775,839$462,200$390,774$784,161
38$814,690$444,563$363,581$814,957
39$856,235$424,793$334,207$847,735
40$900,708$402,745$302,540$882,678
41$948,368$378,267$268,463$919,988
42$999,496$351,197$231,851$959,885
43$1,054,403$321,364$192,576$1,002,616
44$1,113,429$288,587$150,504$1,048,451
45$1,176,946$252,676$105,494$1,097,687
46$1,245,366$213,428$57,399$1,150,655
47$1,319,138$170,631$6,067$1,207,716
48$1,398,757$124,059$0$1,269,271
49$1,484,768$73,475$0$1,338,361
50$1,577,766$18,627$0$1,413,389
51$1,678,409$0$0$1,494,577
52$1,787,419$0$0$1,588,808
53$1,905,588$0$0$1,694,078
54$2,033,791$0$0$1,808,297
55$2,172,985$0$0$1,932,321
56$2,324,228$0$0$2,067,093
57$2,488,680$0$0$2,213,647
58$2,667,618$0$0$2,373,125
59$2,862,448$0$0$2,546,782
60$3,074,717$0$0$2,735,996
61$3,306,127$0$0$2,942,288
62$3,558,551$0$0$3,167,328
63$3,834,052$0$0$3,412,959
64$4,134,898$0$0$3,681,204
65$4,463,588$0$0$3,974,294
66$4,822,872$0$0$4,294,684
67$5,215,780$0$0$4,645,076
68$5,645,645$0$0$5,028,447
69$6,116,139$0$0$5,448,074
70$6,631,304$0$0$5,907,564
71$7,195,592$0$0$6,410,892
72$7,813,907$0$0$6,962,433
73$8,491,647$0$0$7,567,006
74$9,234,760$0$0$8,229,920
75$10,049,794$0$0$8,957,019
76$10,943,964$0$0$9,754,744
77$11,925,216$0$0$10,630,186
78$13,002,302$0$0$11,591,158
79$14,184,863$0$0$12,646,265
80$15,483,520$0$0$13,804,986
81$16,909,971$0$0$15,077,764
82$18,477,106$0$0$16,476,102
83$20,199,120$0$0$18,012,674
84$22,091,657$0$0$19,701,440
85$24,171,948$0$0$21,557,781
86$26,458,977$0$0$23,598,644
87$28,973,660$0$0$25,842,697
88$31,739,041$0$0$28,310,508
89$34,780,508$0$0$31,024,739
90$38,126,032$0$0$34,010,359
91$41,806,435$0$0$37,294,876
92$45,855,672$0$0$40,908,601
93$50,311,159$0$0$44,884,930
94$55,214,118$0$0$49,260,660
95$60,609,973$0$0$54,076,334
96$66,548,772$0$0$59,376,627
97$73,085,661$0$0$65,210,761
98$80,281,402$0$0$71,632,974
99$88,202,952$0$0$78,703,032
100$96,924,083$0$0$86,486,785