Can I retire at age 30 with 532,000?

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 $532,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.4%
1 years$43,932$43,541$43,159$42,786$42,422$41,147
2 years$21,749$21,343$20,951$20,570$20,201$18,927
3 years$14,355$13,948$13,557$13,180$12,816$11,583
4 years$10,659$10,253$9,866$9,495$9,141$7,958
5 years$8,442$8,039$7,656$7,293$6,949$5,820
6 years$6,964$6,564$6,187$5,832$5,498$4,424
7 years$5,909$5,513$5,142$4,795$4,472$3,452
8 years$5,119$4,725$4,361$4,023$3,710$2,745
9 years$4,504$4,114$3,756$3,426$3,124$2,212
10 years$4,012$3,627$3,274$2,954$2,662$1,802
11 years$3,610$3,229$2,883$2,570$2,289$1,480
12 years$3,276$2,898$2,558$2,255$1,984$1,223
13 years$2,993$2,619$2,286$1,990$1,730$1,016
14 years$2,750$2,380$2,054$1,767$1,516$847
15 years$2,540$2,174$1,854$1,576$1,335$709
16 years$2,357$1,995$1,681$1,411$1,180$596
17 years$2,195$1,837$1,530$1,268$1,046$501
18 years$2,052$1,698$1,396$1,142$930$422
19 years$1,923$1,574$1,278$1,032$829$357
20 years$1,808$1,462$1,173$935$741$302
21 years$1,704$1,362$1,079$849$663$255
22 years$1,609$1,271$995$772$594$216
23 years$1,523$1,189$918$703$533$183
24 years$1,444$1,114$849$641$479$156
25 years$1,372$1,045$787$585$431$132
26 years$1,305$983$730$535$389$112
27 years$1,243$925$677$490$350$95
28 years$1,186$871$630$449$316$81
29 years$1,132$822$586$412$285$69
30 years$1,083$776$546$378$258$59
31 years$1,037$734$509$347$233$50
32 years$993$694$475$319$211$42
33 years$953$658$443$293$191$36
34 years$915$623$414$270$173$31
35 years$879$591$387$248$157$26
36 years$845$561$362$229$142$22
37 years$813$533$339$211$129$19
38 years$783$506$318$194$117$16
39 years$754$482$298$179$106$14
40 years$727$458$279$165$96$12
41 years$702$436$261$152$87$10
42 years$677$415$245$141$79$8
43 years$654$396$230$130$72$7
44 years$632$377$216$120$65$6
45 years$611$360$203$111$59$5
46 years$591$343$191$102$54$4
47 years$572$328$179$94$49$4
48 years$554$313$168$87$44$3
49 years$536$299$158$81$40$3
50 years$519$285$149$75$36$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $532,000, adding $5,819 every year, while hoping to spend $20,520 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: 47/42/11 Blend
29$532,000$532,000$532,000$532,000
30$592,266$564,070$555,824$618,032
31$630,844$569,877$552,611$642,216
32$672,670$575,280$548,603$665,853
33$718,052$580,238$543,751$691,043
34$767,331$584,708$538,004$717,935
35$820,882$588,642$531,311$746,698
36$879,116$591,990$523,614$777,516
37$942,488$594,699$514,857$810,595
38$1,011,494$596,712$504,978$846,160
39$1,086,686$597,969$493,913$884,462
40$1,168,665$598,407$481,596$925,779
41$1,258,096$597,957$467,958$970,416
42$1,355,712$596,547$452,924$1,018,713
43$1,462,318$594,101$436,420$1,071,044
44$1,578,799$590,537$418,365$1,127,823
45$1,706,133$585,769$398,676$1,189,509
46$1,845,392$579,705$377,266$1,256,609
47$1,997,761$572,250$354,043$1,329,681
48$2,164,542$563,299$328,913$1,409,345
49$2,347,169$552,745$301,776$1,496,284
50$2,547,223$540,472$272,527$1,591,254
51$2,766,442$526,357$241,059$1,695,090
52$3,006,742$510,272$207,258$1,808,714
53$3,270,235$492,080$171,006$1,933,146
54$3,559,242$471,636$132,178$2,069,511
55$3,876,325$448,786$90,647$2,219,054
56$4,224,303$423,369$46,276$2,383,148
57$4,606,281$395,214$0$2,563,309
58$5,025,681$364,138$0$2,761,341
59$5,486,270$329,951$0$2,984,770
60$5,992,200$292,449$0$3,230,221
61$6,548,045$251,420$0$3,499,969
62$7,158,843$206,636$0$3,796,522
63$7,830,142$157,859$0$4,122,650
64$8,568,059$104,836$0$4,481,409
65$9,379,330$47,302$0$4,876,171
66$10,271,376$0$0$5,310,655
67$11,252,374$0$0$5,795,910
68$12,331,334$0$0$6,353,734
69$13,518,181$0$0$6,967,405
70$14,823,852$0$0$7,642,587
71$16,260,395$0$0$8,385,519
72$17,841,088$0$0$9,203,077
73$19,580,559$0$0$10,102,836
74$21,494,926$0$0$11,093,144
75$23,601,949$0$0$12,183,197
76$25,921,196$0$0$13,383,130
77$28,474,230$0$0$14,704,109
78$31,284,808$0$0$16,158,440
79$34,379,111$0$0$17,759,679
80$37,785,986$0$0$19,522,766
81$41,537,218$0$0$21,464,164
82$45,667,833$0$0$23,602,012
83$50,216,426$0$0$25,956,298
84$55,225,526$0$0$28,549,048
85$60,741,995$0$0$31,404,532
86$66,817,474$0$0$34,549,496
87$73,508,864$0$0$38,013,410
88$80,878,871$0$0$41,828,748
89$88,996,589$0$0$46,031,297
90$97,938,159$0$0$50,660,491
91$107,787,483$0$0$55,759,783
92$118,637,016$0$0$61,377,059
93$130,588,641$0$0$67,565,084
94$143,754,627$0$0$74,382,007
95$158,258,690$0$0$81,891,903
96$174,237,163$0$0$90,165,380
97$191,840,276$0$0$99,280,247
98$211,233,581$0$0$109,322,248
99$232,599,509$0$0$120,385,869
100$256,139,096$0$0$132,575,230