Can I retire at age 30 with 531,000?

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 $531,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$43,849$43,459$43,078$42,706$42,343$41,437
2 years$21,708$21,303$20,912$20,532$20,163$19,255
3 years$14,328$13,922$13,531$13,155$12,792$11,910
4 years$10,639$10,234$9,847$9,477$9,124$8,274
5 years$8,426$8,024$7,642$7,279$6,936$6,121
6 years$6,951$6,552$6,176$5,821$5,488$4,710
7 years$5,898$5,502$5,132$4,786$4,463$3,721
8 years$5,109$4,716$4,352$4,015$3,703$2,997
9 years$4,495$4,107$3,749$3,420$3,118$2,448
10 years$4,005$3,620$3,268$2,948$2,657$2,021
11 years$3,603$3,222$2,877$2,566$2,285$1,683
12 years$3,269$2,892$2,554$2,250$1,980$1,411
13 years$2,987$2,614$2,281$1,987$1,727$1,190
14 years$2,745$2,376$2,050$1,764$1,514$1,008
15 years$2,536$2,170$1,851$1,573$1,333$857
16 years$2,353$1,991$1,678$1,408$1,178$731
17 years$2,191$1,834$1,527$1,265$1,044$625
18 years$2,048$1,695$1,394$1,140$929$535
19 years$1,920$1,571$1,276$1,030$828$459
20 years$1,805$1,459$1,171$933$739$395
21 years$1,701$1,359$1,077$847$662$340
22 years$1,606$1,269$993$770$593$293
23 years$1,520$1,187$917$701$532$253
24 years$1,441$1,112$848$640$478$218
25 years$1,369$1,044$785$584$431$189
26 years$1,302$981$728$534$388$163
27 years$1,241$923$676$489$350$141
28 years$1,183$870$629$448$315$122
29 years$1,130$821$585$411$285$106
30 years$1,081$775$545$377$257$92
31 years$1,035$733$508$346$233$79
32 years$991$693$474$318$211$69
33 years$951$656$443$293$191$60
34 years$913$622$413$269$172$52
35 years$877$590$387$248$156$45
36 years$843$560$362$228$142$39
37 years$812$532$338$210$128$34
38 years$781$506$317$194$116$29
39 years$753$481$297$179$105$25
40 years$726$457$278$165$96$22
41 years$700$435$261$152$87$19
42 years$676$415$245$140$79$17
43 years$653$395$230$130$71$14
44 years$631$377$216$120$65$12
45 years$610$359$202$110$59$11
46 years$590$343$190$102$53$9
47 years$571$327$179$94$49$8
48 years$553$312$168$87$44$7
49 years$535$298$158$81$40$6
50 years$518$285$148$74$36$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $531,000, adding $4,519 every year, while hoping to spend $41,972 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: 59/36/5 Blend
29$531,000$531,000$531,000$531,000
30$589,823$561,680$553,450$623,833
31$605,327$544,545$527,333$630,014
32$621,006$525,163$498,934$631,533
33$636,833$503,380$468,132$632,121
34$652,778$479,033$434,802$631,690
35$668,805$451,950$398,812$630,145
36$684,874$421,947$360,023$627,385
37$700,940$388,830$318,293$623,299
38$716,950$352,397$273,469$617,768
39$732,845$312,431$225,397$610,665
40$748,559$268,704$173,911$601,851
41$764,015$220,974$118,841$591,178
42$779,130$168,987$60,008$578,486
43$793,809$112,474$0$563,601
44$807,943$51,151$0$546,485
45$821,414$0$0$530,214
46$834,087$0$0$517,431
47$845,813$0$0$524,271
48$856,424$0$0$530,362
49$865,735$0$0$535,582
50$873,536$0$0$539,794
51$879,598$0$0$542,848
52$883,662$0$0$544,576
53$885,443$0$0$544,790
54$884,622$0$0$543,282
55$880,846$0$0$539,823
56$873,725$0$0$534,157
57$862,822$0$0$526,000
58$847,656$0$0$515,037
59$827,694$0$0$500,921
60$802,343$0$0$483,266
61$770,949$0$0$461,644
62$732,785$0$0$435,583
63$687,050$0$0$404,560
64$632,854$0$0$367,995
65$569,216$0$0$325,249
66$495,048$0$0$275,615
67$409,151$0$0$218,309
68$310,195$0$0$152,467
69$196,715$0$0$77,134
70$67,088$0$0$0
71$0$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0