Can I retire at age 30 with 487,000?

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 $487,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$40,216$39,858$39,508$39,167$38,834$38,381
2 years$19,909$19,538$19,179$18,830$18,492$18,036
3 years$13,141$12,768$12,410$12,065$11,732$11,287
4 years$9,757$9,386$9,031$8,692$8,368$7,937
5 years$7,728$7,359$7,009$6,676$6,361$5,946
6 years$6,375$6,009$5,664$5,339$5,033$4,635
7 years$5,410$5,046$4,707$4,390$4,093$3,712
8 years$4,686$4,326$3,992$3,682$3,396$3,031
9 years$4,123$3,766$3,438$3,136$2,860$2,511
10 years$3,673$3,320$2,997$2,704$2,437$2,104
11 years$3,305$2,955$2,639$2,353$2,096$1,779
12 years$2,998$2,653$2,342$2,064$1,816$1,515
13 years$2,739$2,397$2,092$1,822$1,584$1,297
14 years$2,518$2,179$1,880$1,617$1,388$1,117
15 years$2,326$1,991$1,697$1,443$1,222$965
16 years$2,158$1,826$1,539$1,292$1,080$837
17 years$2,010$1,682$1,400$1,161$958$728
18 years$1,878$1,554$1,278$1,046$852$635
19 years$1,761$1,440$1,170$945$759$554
20 years$1,655$1,338$1,074$856$678$485
21 years$1,560$1,247$988$777$607$426
22 years$1,473$1,164$910$706$544$374
23 years$1,394$1,088$841$643$488$328
24 years$1,322$1,020$777$587$439$289
25 years$1,256$957$720$536$395$254
26 years$1,194$899$668$490$356$224
27 years$1,138$847$620$448$321$198
28 years$1,085$798$577$411$289$175
29 years$1,037$753$537$377$261$154
30 years$991$711$500$346$236$136
31 years$949$672$466$318$213$120
32 years$909$636$435$292$193$106
33 years$872$602$406$268$175$94
34 years$837$571$379$247$158$83
35 years$804$541$355$227$143$74
36 years$773$514$332$209$130$65
37 years$744$488$310$193$118$58
38 years$717$464$291$178$107$51
39 years$691$441$272$164$97$45
40 years$666$419$255$151$88$40
41 years$642$399$239$139$80$35
42 years$620$380$225$129$72$31
43 years$599$362$211$119$66$28
44 years$579$345$198$110$60$25
45 years$559$329$186$101$54$22
46 years$541$314$174$94$49$19
47 years$524$300$164$86$45$17
48 years$507$286$154$80$40$15
49 years$491$273$145$74$37$13
50 years$475$261$136$68$33$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $487,000, adding $5,841 every year, while hoping to spend $36,976 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$487,000$487,000$487,000$487,000
30$542,699$516,888$509,339$572,968
31$558,712$502,873$487,060$580,126
32$575,119$486,933$462,795$583,338
33$591,922$468,933$436,439$586,028
34$609,119$448,732$407,881$588,150
35$626,711$426,181$377,007$589,654
36$644,694$401,123$343,695$590,488
37$663,064$373,389$307,821$590,595
38$681,816$342,804$269,251$589,915
39$700,940$309,180$227,850$588,384
40$720,426$272,321$183,474$585,931
41$740,262$232,017$135,972$582,485
42$760,431$188,048$85,190$577,964
43$780,914$140,182$30,963$572,286
44$801,689$88,172$0$565,358
45$822,728$31,759$0$564,261
46$844,000$0$0$570,995
47$865,468$0$0$581,103
48$887,090$0$0$595,492
49$908,818$0$0$609,935
50$930,597$0$0$624,393
51$952,363$0$0$638,821
52$974,045$0$0$653,169
53$995,561$0$0$667,380
54$1,016,820$0$0$681,390
55$1,037,719$0$0$695,126
56$1,058,140$0$0$708,506
57$1,077,954$0$0$721,439
58$1,097,013$0$0$733,822
59$1,115,152$0$0$745,541
60$1,132,189$0$0$756,466
61$1,147,917$0$0$766,454
62$1,162,107$0$0$775,345
63$1,174,503$0$0$782,960
64$1,184,821$0$0$789,101
65$1,192,742$0$0$793,545
66$1,197,913$0$0$796,048
67$1,199,943$0$0$796,335
68$1,198,395$0$0$794,103
69$1,192,784$0$0$789,015
70$1,182,575$0$0$780,695
71$1,167,169$0$0$768,730
72$1,145,908$0$0$752,659
73$1,118,058$0$0$731,972
74$1,082,808$0$0$706,106
75$1,039,261$0$0$674,435
76$986,420$0$0$636,267
77$923,186$0$0$590,836
78$848,341$0$0$537,296
79$760,538$0$0$474,710
80$658,288$0$0$402,043
81$539,943$0$0$318,149
82$403,685$0$0$221,764
83$247,501$0$0$111,489
84$69,169$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