Can I retire at age 30 with 489,000?

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 $489,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$40,381$40,021$39,671$39,328$38,994$38,363
2 years$19,991$19,618$19,258$18,908$18,568$17,935
3 years$13,195$12,821$12,461$12,114$11,781$11,164
4 years$9,797$9,425$9,068$8,728$8,402$7,807
5 years$7,760$7,389$7,037$6,704$6,387$5,815
6 years$6,401$6,034$5,687$5,361$5,054$4,506
7 years$5,432$5,067$4,726$4,408$4,110$3,586
8 years$4,705$4,343$4,008$3,697$3,410$2,910
9 years$4,140$3,782$3,452$3,149$2,872$2,395
10 years$3,688$3,333$3,010$2,715$2,447$1,994
11 years$3,318$2,968$2,650$2,363$2,104$1,674
12 years$3,011$2,664$2,352$2,072$1,823$1,415
13 years$2,751$2,407$2,101$1,830$1,590$1,204
14 years$2,528$2,188$1,888$1,624$1,394$1,028
15 years$2,335$1,999$1,704$1,448$1,227$882
16 years$2,166$1,834$1,545$1,297$1,085$759
17 years$2,018$1,689$1,406$1,165$962$655
18 years$1,886$1,561$1,284$1,050$855$567
19 years$1,768$1,446$1,175$949$762$491
20 years$1,662$1,344$1,078$859$681$426
21 years$1,566$1,252$992$780$609$371
22 years$1,479$1,169$914$709$546$323
23 years$1,400$1,093$844$646$490$281
24 years$1,327$1,024$781$589$441$245
25 years$1,261$961$723$538$396$214
26 years$1,199$903$671$492$357$187
27 years$1,143$850$623$450$322$164
28 years$1,090$801$579$413$291$143
29 years$1,041$756$539$378$262$125
30 years$995$714$502$347$237$110
31 years$953$675$468$319$214$96
32 years$913$638$436$293$194$84
33 years$876$604$408$269$175$74
34 years$841$573$381$248$159$65
35 years$808$543$356$228$144$57
36 years$777$516$333$210$130$50
37 years$747$490$312$194$118$44
38 years$720$466$292$179$107$38
39 years$693$443$273$165$97$34
40 years$669$421$256$152$88$29
41 years$645$401$240$140$80$26
42 years$623$382$225$129$73$23
43 years$601$364$212$119$66$20
44 years$581$347$199$110$60$17
45 years$562$331$186$102$54$15
46 years$543$315$175$94$49$13
47 years$526$301$165$87$45$12
48 years$509$287$155$80$41$10
49 years$493$274$145$74$37$9
50 years$477$262$137$69$34$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $489,000, adding $3,899 every year, while hoping to spend $20,500 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: 75/10/15 Blend
29$489,000$489,000$489,000$489,000
30$542,900$516,983$509,403$581,561
31$576,464$520,503$504,656$611,168
32$612,764$523,509$499,064$640,677
33$652,058$525,953$492,575$672,466
34$694,630$527,786$485,137$706,754
35$740,789$528,955$476,697$743,784
36$790,879$529,403$467,195$783,824
37$845,276$529,071$456,573$827,171
38$904,394$527,895$444,768$874,150
39$968,688$525,808$431,714$925,120
40$1,038,659$522,738$417,341$980,477
41$1,114,859$518,609$401,579$1,040,659
42$1,197,895$513,341$384,352$1,106,146
43$1,288,434$506,848$365,582$1,177,469
44$1,387,211$499,041$345,186$1,255,213
45$1,495,035$489,822$323,078$1,340,024
46$1,612,797$479,091$299,169$1,432,614
47$1,741,476$466,741$273,365$1,533,766
48$1,882,152$452,656$245,568$1,644,345
49$2,036,013$436,718$215,676$1,765,306
50$2,204,366$418,797$183,582$1,897,699
51$2,388,654$398,760$149,174$2,042,683
52$2,590,461$376,464$112,335$2,201,537
53$2,811,534$351,757$72,945$2,375,670
54$3,053,798$324,481$30,876$2,566,636
55$3,319,371$294,465$0$2,776,146
56$3,610,585$261,533$0$3,008,334
57$3,930,012$225,495$0$3,268,458
58$4,280,481$186,152$0$3,553,888
59$4,665,111$143,294$0$3,867,180
60$5,087,335$96,699$0$4,211,148
61$5,550,938$46,132$0$4,588,895
62$6,060,086$0$0$5,003,839
63$6,619,370$0$0$5,460,699
64$7,233,847$0$0$5,968,243
65$7,909,089$0$0$6,525,999
66$8,651,234$0$0$7,139,039
67$9,467,042$0$0$7,812,952
68$10,363,965$0$0$8,553,895
69$11,350,210$0$0$9,368,651
70$12,434,819$0$0$10,264,693
71$13,627,755$0$0$11,250,254
72$14,939,994$0$0$12,334,408
73$16,383,632$0$0$13,527,150
74$17,971,993$0$0$14,839,492
75$19,719,760$0$0$16,283,569
76$21,643,109$0$0$17,872,750
77$23,759,867$0$0$19,621,769
78$26,089,672$0$0$21,546,856
79$28,654,165$0$0$23,665,898
80$31,477,192$0$0$25,998,602
81$34,585,028$0$0$28,566,683
82$38,006,623$0$0$31,394,070
83$41,773,880$0$0$34,507,127
84$45,921,950$0$0$37,934,909
85$50,489,568$0$0$41,709,429
86$55,519,416$0$0$45,865,962
87$61,058,525$0$0$50,443,379
88$67,158,722$0$0$55,484,515
89$73,877,114$0$0$61,036,568
90$81,276,630$0$0$67,151,548
91$89,426,615$0$0$73,886,767
92$98,403,480$0$0$81,305,380
93$108,291,430$0$0$89,476,980
94$119,183,250$0$0$98,478,254
95$131,181,189$0$0$108,393,709
96$144,397,916$0$0$119,316,466
97$158,957,590$0$0$131,349,142
98$174,997,032$0$0$144,604,817
99$192,667,007$0$0$159,208,100
100$212,133,659$0$0$175,296,305