Can I retire at age 30 with 540,000?

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 $540,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$44,593$44,195$43,808$43,430$43,060$42,054
2 years$22,076$21,664$21,266$20,880$20,505$19,496
3 years$14,571$14,158$13,761$13,378$13,009$12,030
4 years$10,819$10,408$10,014$9,638$9,278$8,337
5 years$8,569$8,160$7,771$7,403$7,053$6,151
6 years$7,069$6,663$6,280$5,920$5,581$4,720
7 years$5,998$5,596$5,219$4,867$4,539$3,719
8 years$5,195$4,796$4,426$4,083$3,765$2,986
9 years$4,571$4,176$3,812$3,478$3,171$2,432
10 years$4,072$3,681$3,324$2,998$2,702$2,002
11 years$3,665$3,277$2,926$2,609$2,324$1,662
12 years$3,325$2,941$2,597$2,289$2,014$1,389
13 years$3,038$2,658$2,320$2,020$1,756$1,167
14 years$2,792$2,416$2,085$1,794$1,539$985
15 years$2,579$2,207$1,882$1,599$1,355$834
16 years$2,392$2,025$1,706$1,432$1,198$709
17 years$2,228$1,865$1,553$1,287$1,062$604
18 years$2,083$1,723$1,417$1,160$944$516
19 years$1,952$1,597$1,298$1,048$842$441
20 years$1,835$1,484$1,191$949$752$378
21 years$1,730$1,382$1,095$861$673$324
22 years$1,633$1,290$1,010$783$603$278
23 years$1,546$1,207$932$713$541$239
24 years$1,466$1,131$862$650$487$206
25 years$1,392$1,061$798$594$438$177
26 years$1,324$997$741$543$394$152
27 years$1,262$939$688$497$356$131
28 years$1,204$884$639$456$321$113
29 years$1,150$834$595$418$290$98
30 years$1,099$788$554$383$262$84
31 years$1,052$745$517$352$237$73
32 years$1,008$705$482$324$214$63
33 years$967$668$450$298$194$54
34 years$928$633$420$274$175$47
35 years$892$600$393$252$159$40
36 years$858$570$368$232$144$35
37 years$825$541$344$214$130$30
38 years$795$514$322$197$118$26
39 years$766$489$302$182$107$22
40 years$738$465$283$168$97$19
41 years$712$443$265$155$88$17
42 years$687$422$249$143$80$14
43 years$664$402$234$132$73$13
44 years$642$383$219$122$66$11
45 years$620$365$206$112$60$9
46 years$600$348$193$104$54$8
47 years$581$332$182$96$49$7
48 years$562$317$171$89$45$6
49 years$544$303$160$82$41$5
50 years$527$289$151$76$37$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $540,000, adding $2,111 every year, while hoping to spend $34,967 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: 26/49/25 Blend
29$540,000$540,000$540,000$540,000
30$597,257$568,637$560,267$608,042
31$620,973$559,296$541,832$607,592
32$645,936$548,325$521,607$603,949
33$672,236$535,608$499,495$599,305
34$699,972$521,020$475,396$593,601
35$729,250$504,431$449,203$586,771
36$760,188$485,703$420,806$578,750
37$792,914$464,689$390,089$569,469
38$827,565$441,233$356,932$558,857
39$864,295$415,172$321,207$546,841
40$903,270$386,332$282,784$533,345
41$944,671$354,529$241,524$518,291
42$988,696$319,570$197,285$501,599
43$1,035,564$281,250$149,914$483,189
44$1,085,512$239,351$99,257$462,975
45$1,138,800$193,646$45,148$440,873
46$1,195,715$143,892$0$416,797
47$1,256,569$89,834$0$394,018
48$1,321,705$31,202$0$382,160
49$1,391,500$0$0$369,126
50$1,466,365$0$0$372,292
51$1,546,754$0$0$393,817
52$1,633,164$0$0$417,021
53$1,726,140$0$0$442,056
54$1,826,280$0$0$469,094
55$1,934,243$0$0$498,321
56$2,050,752$0$0$529,943
57$2,176,599$0$0$564,186
58$2,312,658$0$0$601,296
59$2,459,888$0$0$641,549
60$2,619,342$0$0$685,243
61$2,792,180$0$0$732,709
62$2,979,675$0$0$784,310
63$3,183,230$0$0$840,446
64$3,404,386$0$0$901,556
65$3,644,839$0$0$968,123
66$3,906,453$0$0$1,040,681
67$4,191,282$0$0$1,119,814
68$4,501,585$0$0$1,206,168
69$4,839,846$0$0$1,300,453
70$5,208,802$0$0$1,403,449
71$5,611,462$0$0$1,516,016
72$6,051,142$0$0$1,639,102
73$6,531,490$0$0$1,773,749
74$7,056,522$0$0$1,921,105
75$7,630,660$0$0$2,082,434
76$8,258,772$0$0$2,259,128
77$8,946,221$0$0$2,452,720
78$9,698,908$0$0$2,664,898
79$10,523,335$0$0$2,897,520
80$11,426,660$0$0$3,152,636
81$12,416,768$0$0$3,432,500
82$13,502,341$0$0$3,739,596
83$14,692,943$0$0$4,076,661
84$15,999,108$0$0$4,446,708
85$17,432,437$0$0$4,853,059
86$19,005,710$0$0$5,299,370
87$20,733,005$0$0$5,789,671
88$22,629,828$0$0$6,328,400
89$24,713,263$0$0$6,920,448
90$27,002,126$0$0$7,571,200
91$29,517,148$0$0$8,286,593
92$32,281,168$0$0$9,073,164
93$35,319,347$0$0$9,938,118
94$38,659,403$0$0$10,889,391
95$42,331,875$0$0$11,935,728
96$46,370,409$0$0$13,086,763
97$50,812,076$0$0$14,353,111
98$55,697,717$0$0$15,746,470
99$61,072,331$0$0$17,279,725
100$66,985,500$0$0$18,967,077