Can I retire at age 30 with 523,000?

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 $523,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.7%
1 years$43,189$42,804$42,429$42,062$41,705$40,896
2 years$21,381$20,982$20,597$20,222$19,859$19,048
3 years$14,112$13,712$13,327$12,957$12,600$11,811
4 years$10,479$10,080$9,699$9,335$8,986$8,226
5 years$8,299$7,903$7,527$7,170$6,831$6,102
6 years$6,847$6,453$6,083$5,734$5,405$4,707
7 years$5,809$5,419$5,055$4,714$4,396$3,730
8 years$5,032$4,645$4,287$3,954$3,647$3,012
9 years$4,428$4,045$3,692$3,368$3,071$2,468
10 years$3,944$3,565$3,219$2,904$2,617$2,044
11 years$3,549$3,174$2,834$2,527$2,251$1,708
12 years$3,220$2,849$2,515$2,216$1,950$1,436
13 years$2,942$2,574$2,247$1,957$1,701$1,215
14 years$2,704$2,340$2,019$1,737$1,491$1,033
15 years$2,497$2,138$1,823$1,549$1,313$881
16 years$2,317$1,961$1,653$1,387$1,160$754
17 years$2,158$1,806$1,504$1,246$1,029$647
18 years$2,017$1,669$1,373$1,123$915$556
19 years$1,891$1,547$1,257$1,015$815$479
20 years$1,778$1,437$1,153$919$728$414
21 years$1,675$1,339$1,061$834$652$357
22 years$1,582$1,250$978$758$584$309
23 years$1,497$1,169$903$691$524$268
24 years$1,420$1,095$835$630$471$232
25 years$1,348$1,028$773$575$424$201
26 years$1,283$966$717$526$382$175
27 years$1,222$909$666$482$344$152
28 years$1,166$857$619$441$311$132
29 years$1,113$808$576$405$281$115
30 years$1,065$763$537$371$254$100
31 years$1,019$721$500$341$229$87
32 years$977$683$467$313$207$76
33 years$937$646$436$288$188$66
34 years$899$613$407$265$170$57
35 years$864$581$381$244$154$50
36 years$831$552$356$225$139$43
37 years$799$524$333$207$126$38
38 years$770$498$312$191$115$33
39 years$742$473$292$176$104$29
40 years$715$450$274$162$94$25
41 years$690$429$257$150$85$22
42 years$666$408$241$138$78$19
43 years$643$389$226$128$70$17
44 years$621$371$212$118$64$14
45 years$601$354$199$109$58$13
46 years$581$337$187$101$53$11
47 years$562$322$176$93$48$10
48 years$544$307$165$86$43$8
49 years$527$294$155$79$39$7
50 years$511$280$146$73$36$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $523,000, adding $6,349 every year, while hoping to spend $30,171 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: 64/22/14 Blend
29$523,000$523,000$523,000$523,000
30$582,895$555,176$547,069$617,854
31$610,249$550,278$533,295$637,144
32$639,381$544,129$518,047$654,147
33$670,442$536,635$501,246$671,977
34$703,595$527,698$482,806$690,716
35$739,020$517,214$462,638$710,452
36$776,914$505,071$440,650$731,287
37$817,492$491,152$416,744$753,330
38$860,990$475,333$390,820$776,705
39$907,670$457,483$362,771$801,551
40$957,815$437,462$332,486$828,019
41$1,011,737$415,123$299,850$856,280
42$1,069,781$390,311$264,741$886,523
43$1,132,323$362,860$227,034$918,956
44$1,199,777$332,598$186,597$953,814
45$1,272,598$299,339$143,292$991,354
46$1,351,286$262,889$96,975$1,031,864
47$1,436,390$223,043$47,497$1,075,661
48$1,528,514$179,584$0$1,123,099
49$1,628,321$132,282$0$1,175,363
50$1,736,541$80,895$0$1,239,716
51$1,853,976$25,168$0$1,309,564
52$1,981,510$0$0$1,385,466
53$2,120,113$0$0$1,476,555
54$2,270,852$0$0$1,582,279
55$2,434,903$0$0$1,697,373
56$2,613,559$0$0$1,822,748
57$2,808,242$0$0$1,959,407
58$3,020,518$0$0$2,108,453
59$3,252,110$0$0$2,271,102
60$3,504,915$0$0$2,448,690
61$3,781,020$0$0$2,642,689
62$4,082,724$0$0$2,854,718
63$4,412,556$0$0$3,086,563
64$4,773,304$0$0$3,340,187
65$5,168,034$0$0$3,617,753
66$5,600,123$0$0$3,921,642
67$6,073,292$0$0$4,254,476
68$6,591,635$0$0$4,619,143
69$7,159,664$0$0$5,018,823
70$7,782,346$0$0$5,457,020
71$8,465,152$0$0$5,937,590
72$9,214,108$0$0$6,464,783
73$10,035,850$0$0$7,043,279
74$10,937,691$0$0$7,678,233
75$11,927,682$0$0$8,375,323
76$13,014,694$0$0$9,140,804
77$14,208,499$0$0$9,981,567
78$15,519,860$0$0$10,905,203
79$16,960,636$0$0$11,920,073
80$18,543,890$0$0$13,035,390
81$20,284,014$0$0$14,261,303
82$22,196,863$0$0$15,608,992
83$24,299,906$0$0$17,090,776
84$26,612,385$0$0$18,720,227
85$29,155,506$0$0$20,512,297
86$31,952,627$0$0$22,483,460
87$35,029,487$0$0$24,651,867
88$38,414,444$0$0$27,037,517
89$42,138,743$0$0$29,662,445
90$46,236,811$0$0$32,550,929
91$50,746,579$0$0$35,729,721
92$55,709,841$0$0$39,228,295
93$61,172,651$0$0$43,079,129
94$67,185,750$0$0$47,318,009
95$73,805,051$0$0$51,984,366
96$81,092,160$0$0$57,121,649
97$89,114,962$0$0$62,777,734
98$97,948,259$0$0$69,005,374
99$107,674,475$0$0$75,862,699
100$118,384,434$0$0$83,413,763