Can I retire at age 30 with 510,000?

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 $510,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.3%
1 years$42,115$41,740$41,374$41,017$40,668$39,945
2 years$20,849$20,461$20,085$19,720$19,366$18,640
3 years$13,761$13,371$12,996$12,635$12,286$11,580
4 years$10,218$9,829$9,458$9,103$8,763$8,082
5 years$8,093$7,706$7,340$6,992$6,661$6,007
6 years$6,676$6,293$5,932$5,591$5,271$4,645
7 years$5,665$5,285$4,929$4,597$4,287$3,688
8 years$4,907$4,530$4,180$3,856$3,556$2,986
9 years$4,317$3,944$3,600$3,285$2,995$2,452
10 years$3,846$3,477$3,139$2,831$2,552$2,036
11 years$3,461$3,095$2,764$2,464$2,195$1,705
12 years$3,140$2,778$2,453$2,161$1,902$1,438
13 years$2,869$2,510$2,191$1,908$1,658$1,220
14 years$2,637$2,282$1,969$1,694$1,454$1,039
15 years$2,435$2,085$1,778$1,511$1,280$889
16 years$2,259$1,913$1,612$1,353$1,131$763
17 years$2,104$1,761$1,466$1,215$1,003$657
18 years$1,967$1,628$1,339$1,095$892$566
19 years$1,844$1,508$1,226$990$795$489
20 years$1,733$1,402$1,125$896$710$424
21 years$1,633$1,306$1,035$813$635$367
22 years$1,543$1,219$953$740$570$319
23 years$1,460$1,140$880$674$511$277
24 years$1,384$1,068$814$614$460$241
25 years$1,315$1,002$754$561$414$210
26 years$1,251$942$699$513$372$182
27 years$1,192$887$649$470$336$159
28 years$1,137$835$604$430$303$139
29 years$1,086$788$562$395$274$121
30 years$1,038$744$523$362$247$106
31 years$994$704$488$333$224$92
32 years$952$666$455$306$202$80
33 years$913$630$425$281$183$70
34 years$877$598$397$259$166$61
35 years$842$567$371$238$150$54
36 years$810$538$347$219$136$47
37 years$779$511$325$202$123$41
38 years$751$486$304$186$112$36
39 years$723$462$285$172$101$31
40 years$697$439$267$158$92$27
41 years$673$418$251$146$83$24
42 years$649$398$235$135$76$21
43 years$627$379$221$124$69$18
44 years$606$362$207$115$62$16
45 years$586$345$194$106$57$14
46 years$567$329$183$98$51$12
47 years$548$314$172$91$47$11
48 years$531$300$161$84$42$9
49 years$514$286$152$77$38$8
50 years$498$273$143$71$35$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $510,000, adding $4,148 every year, while hoping to spend $32,636 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: 63/12/25 Blend
29$510,000$510,000$510,000$510,000
30$566,299$539,269$531,364$597,997
31$589,337$530,968$514,440$611,636
32$613,631$521,168$495,855$622,553
33$639,275$509,758$475,520$633,754
34$666,370$496,626$453,340$645,273
35$695,029$481,650$429,216$657,146
36$725,373$464,702$403,045$669,415
37$757,535$445,646$374,721$682,126
38$791,659$424,338$344,130$695,335
39$827,905$400,628$311,155$709,101
40$866,447$374,354$275,674$723,495
41$907,474$345,346$237,558$738,592
42$951,193$313,426$196,674$754,480
43$997,834$278,403$152,882$771,258
44$1,047,645$240,076$106,035$789,036
45$1,100,900$198,235$55,983$807,938
46$1,157,899$152,655$2,565$828,103
47$1,218,969$103,100$0$849,686
48$1,284,472$49,320$0$887,385
49$1,354,803$0$0$928,545
50$1,430,397$0$0$973,929
51$1,511,729$0$0$1,029,792
52$1,599,323$0$0$1,089,983
53$1,693,753$0$0$1,154,901
54$1,795,652$0$0$1,224,983
55$1,905,712$0$0$1,300,711
56$2,024,695$0$0$1,382,612
57$2,153,440$0$0$1,471,269
58$2,292,867$0$0$1,567,318
59$2,443,988$0$0$1,671,463
60$2,607,917$0$0$1,784,475
61$2,785,878$0$0$1,907,204
62$2,979,218$0$0$2,040,584
63$3,189,417$0$0$2,185,643
64$3,418,106$0$0$2,343,510
65$3,667,077$0$0$2,515,430
66$3,938,303$0$0$2,702,772
67$4,233,956$0$0$2,907,041
68$4,556,425$0$0$3,129,897
69$4,908,339$0$0$3,373,164
70$5,292,595$0$0$3,638,850
71$5,712,378$0$0$3,929,168
72$6,171,196$0$0$4,246,551
73$6,672,914$0$0$4,593,680
74$7,221,782$0$0$4,973,508
75$7,822,485$0$0$5,389,282
76$8,480,177$0$0$5,844,583
77$9,200,538$0$0$6,343,350
78$9,989,820$0$0$6,889,924
79$10,854,910$0$0$7,489,085
80$11,803,392$0$0$8,146,096
81$12,843,620$0$0$8,866,756
82$13,984,794$0$0$9,657,451
83$15,237,048$0$0$10,525,215
84$16,611,545$0$0$11,477,795
85$18,120,580$0$0$12,523,728
86$19,777,699$0$0$13,672,414
87$21,597,822$0$0$14,934,211
88$23,597,386$0$0$16,320,529
89$25,794,497$0$0$17,843,937
90$28,209,104$0$0$19,518,281
91$30,863,184$0$0$21,358,818
92$33,780,948$0$0$23,382,355
93$36,989,069$0$0$25,607,407
94$40,516,937$0$0$28,054,377
95$44,396,929$0$0$30,745,741
96$48,664,719$0$0$33,706,262
97$53,359,612$0$0$36,963,228
98$58,524,913$0$0$40,546,700
99$64,208,337$0$0$44,489,803
100$70,462,458$0$0$48,829,033