Can I retire at age 30 with 487,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%14.4%
1 years$40,216$39,858$39,508$39,167$38,834$38,128
2 years$19,909$19,538$19,179$18,830$18,492$17,784
3 years$13,141$12,768$12,410$12,065$11,732$11,043
4 years$9,757$9,386$9,031$8,692$8,368$7,703
5 years$7,728$7,359$7,009$6,676$6,361$5,723
6 years$6,375$6,009$5,664$5,339$5,033$4,422
7 years$5,410$5,046$4,707$4,390$4,093$3,510
8 years$4,686$4,326$3,992$3,682$3,396$2,839
9 years$4,123$3,766$3,438$3,136$2,860$2,330
10 years$3,673$3,320$2,997$2,704$2,437$1,934
11 years$3,305$2,955$2,639$2,353$2,096$1,619
12 years$2,998$2,653$2,342$2,064$1,816$1,364
13 years$2,739$2,397$2,092$1,822$1,584$1,156
14 years$2,518$2,179$1,880$1,617$1,388$985
15 years$2,326$1,991$1,697$1,443$1,222$842
16 years$2,158$1,826$1,539$1,292$1,080$722
17 years$2,010$1,682$1,400$1,161$958$621
18 years$1,878$1,554$1,278$1,046$852$535
19 years$1,761$1,440$1,170$945$759$462
20 years$1,655$1,338$1,074$856$678$400
21 years$1,560$1,247$988$777$607$346
22 years$1,473$1,164$910$706$544$300
23 years$1,394$1,088$841$643$488$261
24 years$1,322$1,020$777$587$439$226
25 years$1,256$957$720$536$395$197
26 years$1,194$899$668$490$356$171
27 years$1,138$847$620$448$321$149
28 years$1,085$798$577$411$289$130
29 years$1,037$753$537$377$261$113
30 years$991$711$500$346$236$99
31 years$949$672$466$318$213$86
32 years$909$636$435$292$193$75
33 years$872$602$406$268$175$66
34 years$837$571$379$247$158$57
35 years$804$541$355$227$143$50
36 years$773$514$332$209$130$44
37 years$744$488$310$193$118$38
38 years$717$464$291$178$107$33
39 years$691$441$272$164$97$29
40 years$666$419$255$151$88$25
41 years$642$399$239$139$80$22
42 years$620$380$225$129$72$19
43 years$599$362$211$119$66$17
44 years$579$345$198$110$60$15
45 years$559$329$186$101$54$13
46 years$541$314$174$94$49$11
47 years$524$300$164$86$45$10
48 years$507$286$154$80$40$9
49 years$491$273$145$74$37$8
50 years$475$261$136$68$33$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $487,000, adding $4,428 every year, while hoping to spend $21,202 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: 66/21/13 Blend
29$487,000$487,000$487,000$487,000
30$541,241$515,430$507,882$575,062
31$573,889$518,128$502,337$600,880
32$609,157$520,247$495,896$626,190
33$647,288$521,736$488,506$653,320
34$688,553$522,543$480,113$682,445
35$733,247$522,609$470,658$713,760
36$781,696$521,874$460,083$747,480
37$834,256$520,274$448,323$783,844
38$891,322$517,739$435,313$823,113
39$953,325$514,196$420,985$865,576
40$1,020,742$509,570$405,266$911,553
41$1,094,097$503,777$388,081$961,397
42$1,173,964$496,732$369,351$1,015,498
43$1,260,978$488,342$348,994$1,074,283
44$1,355,837$478,510$326,924$1,138,230
45$1,459,308$467,132$303,052$1,207,859
46$1,572,236$454,100$277,283$1,283,751
47$1,695,551$439,298$249,519$1,366,542
48$1,830,277$422,604$219,657$1,456,937
49$1,977,542$403,887$187,592$1,555,713
50$2,138,585$383,012$153,210$1,663,727
51$2,314,774$359,832$116,396$1,781,925
52$2,507,612$334,196$77,027$1,911,352
53$2,718,758$305,940$34,976$2,053,160
54$2,950,034$274,894$0$2,208,620
55$3,203,450$240,877$0$2,380,508
56$3,481,219$203,697$0$2,574,266
57$3,785,777$163,152$0$2,786,765
58$4,119,809$119,029$0$3,019,910
59$4,486,270$71,102$0$3,275,800
60$4,888,417$19,133$0$3,556,753
61$5,329,836$0$0$3,865,320
62$5,814,478$0$0$4,212,897
63$6,346,694$0$0$4,599,482
64$6,931,280$0$0$5,024,141
65$7,573,516$0$0$5,490,713
66$8,279,221$0$0$6,003,430
67$9,054,803$0$0$6,566,952
68$9,907,325$0$0$7,186,417
69$10,844,565$0$0$7,867,480
70$11,875,094$0$0$8,616,375
71$13,008,356$0$0$9,439,969
72$14,254,753$0$0$10,345,828
73$15,625,748$0$0$11,342,290
74$17,133,971$0$0$12,438,537
75$18,793,336$0$0$13,644,691
76$20,619,174$0$0$14,971,902
77$22,628,379$0$0$16,432,454
78$24,839,564$0$0$18,039,886
79$27,273,237$0$0$19,809,113
80$29,951,995$0$0$21,756,569
81$32,900,739$0$0$23,900,363
82$36,146,904$0$0$26,260,451
83$39,720,723$0$0$28,858,818
84$43,655,506$0$0$31,719,692
85$47,987,960$0$0$34,869,770
86$52,758,531$0$0$38,338,468
87$58,011,789$0$0$42,158,200
88$63,796,843$0$0$46,364,686
89$70,167,810$0$0$50,997,282
90$77,184,322$0$0$56,099,361
91$84,912,089$0$0$61,718,713
92$93,423,520$0$0$67,908,001
93$102,798,404$0$0$74,725,256
94$113,124,665$0$0$82,234,427
95$124,499,191$0$0$90,505,980
96$137,028,747$0$0$99,617,567
97$150,830,982$0$0$109,654,754
98$166,035,543$0$0$120,711,834
99$182,785,292$0$0$132,892,714
100$201,237,661$0$0$146,311,895