Can I retire at age 30 with 489,000?

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 $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%14.6%
1 years$40,381$40,021$39,671$39,328$38,994$38,253
2 years$19,991$19,618$19,258$18,908$18,568$17,825
3 years$13,195$12,821$12,461$12,114$11,781$11,058
4 years$9,797$9,425$9,068$8,728$8,402$7,706
5 years$7,760$7,389$7,037$6,704$6,387$5,719
6 years$6,401$6,034$5,687$5,361$5,054$4,414
7 years$5,432$5,067$4,726$4,408$4,110$3,500
8 years$4,705$4,343$4,008$3,697$3,410$2,828
9 years$4,140$3,782$3,452$3,149$2,872$2,318
10 years$3,688$3,333$3,010$2,715$2,447$1,921
11 years$3,318$2,968$2,650$2,363$2,104$1,606
12 years$3,011$2,664$2,352$2,072$1,823$1,352
13 years$2,751$2,407$2,101$1,830$1,590$1,144
14 years$2,528$2,188$1,888$1,624$1,394$973
15 years$2,335$1,999$1,704$1,448$1,227$831
16 years$2,166$1,834$1,545$1,297$1,085$711
17 years$2,018$1,689$1,406$1,165$962$611
18 years$1,886$1,561$1,284$1,050$855$526
19 years$1,768$1,446$1,175$949$762$453
20 years$1,662$1,344$1,078$859$681$392
21 years$1,566$1,252$992$780$609$339
22 years$1,479$1,169$914$709$546$293
23 years$1,400$1,093$844$646$490$254
24 years$1,327$1,024$781$589$441$220
25 years$1,261$961$723$538$396$191
26 years$1,199$903$671$492$357$166
27 years$1,143$850$623$450$322$145
28 years$1,090$801$579$413$291$126
29 years$1,041$756$539$378$262$109
30 years$995$714$502$347$237$95
31 years$953$675$468$319$214$83
32 years$913$638$436$293$194$72
33 years$876$604$408$269$175$63
34 years$841$573$381$248$159$55
35 years$808$543$356$228$144$48
36 years$777$516$333$210$130$42
37 years$747$490$312$194$118$36
38 years$720$466$292$179$107$32
39 years$693$443$273$165$97$28
40 years$669$421$256$152$88$24
41 years$645$401$240$140$80$21
42 years$623$382$225$129$73$18
43 years$601$364$212$119$66$16
44 years$581$347$199$110$60$14
45 years$562$331$186$102$54$12
46 years$543$315$175$94$49$11
47 years$526$301$165$87$45$9
48 years$509$287$155$80$41$8
49 years$493$274$145$74$37$7
50 years$477$262$137$69$34$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $489,000, adding $5,146 every year, while hoping to spend $25,832 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: 72/10/18 Blend
29$489,000$489,000$489,000$489,000
30$544,186$518,269$510,690$580,701
31$572,208$516,179$500,313$603,552
32$602,222$513,121$488,722$624,963
33$634,405$509,020$475,851$647,749
34$668,950$503,797$461,627$672,041
35$706,067$497,368$445,976$697,986
36$745,991$489,644$428,821$725,744
37$788,975$480,530$410,080$755,492
38$835,301$469,926$389,668$787,428
39$885,277$457,728$367,497$821,767
40$939,241$443,822$343,474$858,750
41$997,564$428,090$317,501$898,641
42$1,060,656$410,407$289,478$941,732
43$1,128,966$390,640$259,298$988,346
44$1,202,987$368,647$226,851$1,038,840
45$1,283,262$344,282$192,021$1,093,608
46$1,370,389$317,386$154,688$1,153,084
47$1,465,024$287,793$114,725$1,217,750
48$1,567,890$255,329$72,002$1,288,134
49$1,679,782$219,806$26,381$1,364,824
50$1,801,573$181,030$0$1,448,466
51$1,934,227$138,794$0$1,544,057
52$2,078,801$92,878$0$1,653,787
53$2,236,461$43,051$0$1,773,486
54$2,408,490$0$0$1,904,143
55$2,596,298$0$0$2,048,056
56$2,801,441$0$0$2,210,448
57$3,025,628$0$0$2,387,939
58$3,270,743$0$0$2,582,022
59$3,538,860$0$0$2,794,344
60$3,832,261$0$0$3,026,714
61$4,153,462$0$0$3,281,127
62$4,505,229$0$0$3,559,780
63$4,890,612$0$0$3,865,091
64$5,312,969$0$0$4,199,723
65$5,775,996$0$0$4,566,610
66$6,283,768$0$0$4,968,983
67$6,840,768$0$0$5,410,400
68$7,451,938$0$0$5,894,780
69$8,122,721$0$0$6,426,442
70$8,859,109$0$0$7,010,141
71$9,667,707$0$0$7,651,116
72$10,555,789$0$0$8,355,137
73$11,531,367$0$0$9,128,562
74$12,603,269$0$0$9,978,394
75$13,781,219$0$0$10,912,348
76$15,075,932$0$0$11,938,925
77$16,499,210$0$0$13,067,489
78$18,064,056$0$0$14,308,356
79$19,784,798$0$0$15,672,893
80$21,677,219$0$0$17,173,622
81$23,758,709$0$0$18,824,343
82$26,048,429$0$0$20,640,255
83$28,567,490$0$0$22,638,109
84$31,339,153$0$0$24,836,360
85$34,389,045$0$0$27,255,341
86$37,745,404$0$0$29,917,456
87$41,439,346$0$0$32,847,393
88$45,505,153$0$0$36,072,351
89$49,980,601$0$0$39,622,303
90$54,907,313$0$0$43,530,273
91$60,331,153$0$0$47,832,650
92$66,302,659$0$0$52,569,532
93$72,877,517$0$0$57,785,101
94$80,117,088$0$0$63,528,043
95$88,088,986$0$0$69,852,004
96$96,867,716$0$0$76,816,098
97$106,535,377$0$0$84,485,464
98$117,182,434$0$0$92,931,880
99$128,908,576$0$0$102,234,442
100$141,823,650$0$0$112,480,305