Can I retire at age 30 with 490,000?

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 $490,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.5%
1 years$40,464$40,103$39,752$39,408$39,073$38,827
2 years$20,032$19,658$19,297$18,946$18,606$18,358
3 years$13,222$12,847$12,486$12,139$11,805$11,562
4 years$9,817$9,444$9,087$8,746$8,419$8,184
5 years$7,775$7,404$7,052$6,717$6,400$6,173
6 years$6,415$6,046$5,699$5,372$5,064$4,845
7 years$5,443$5,077$4,736$4,417$4,119$3,908
8 years$4,714$4,352$4,016$3,705$3,417$3,215
9 years$4,148$3,789$3,459$3,156$2,877$2,684
10 years$3,695$3,340$3,016$2,720$2,452$2,267
11 years$3,325$2,974$2,655$2,368$2,109$1,932
12 years$3,017$2,669$2,356$2,077$1,827$1,658
13 years$2,756$2,412$2,105$1,833$1,593$1,433
14 years$2,533$2,192$1,892$1,627$1,397$1,244
15 years$2,340$2,003$1,708$1,451$1,230$1,084
16 years$2,171$1,838$1,548$1,300$1,087$949
17 years$2,022$1,692$1,409$1,168$964$833
18 years$1,890$1,564$1,286$1,052$857$733
19 years$1,772$1,449$1,177$951$764$646
20 years$1,665$1,347$1,081$861$682$571
21 years$1,569$1,254$994$782$610$505
22 years$1,482$1,171$916$711$547$448
23 years$1,403$1,095$846$647$491$398
24 years$1,330$1,026$782$590$442$353
25 years$1,263$963$725$539$397$314
26 years$1,202$905$672$493$358$280
27 years$1,145$852$624$451$323$249
28 years$1,092$803$580$413$291$222
29 years$1,043$757$540$379$263$198
30 years$997$715$503$348$238$177
31 years$955$676$469$319$215$158
32 years$915$640$437$294$194$141
33 years$878$606$408$270$176$126
34 years$842$574$382$248$159$113
35 years$809$544$357$229$144$101
36 years$778$517$334$211$131$91
37 years$749$491$312$194$118$81
38 years$721$466$292$179$107$73
39 years$695$444$274$165$97$65
40 years$670$422$257$152$88$58
41 years$646$402$241$140$80$52
42 years$624$383$226$130$73$47
43 years$603$365$212$120$66$42
44 years$582$347$199$110$60$37
45 years$563$331$187$102$54$34
46 years$544$316$175$94$49$30
47 years$527$302$165$87$45$27
48 years$510$288$155$80$41$24
49 years$494$275$146$74$37$22
50 years$478$263$137$69$34$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $490,000, adding $3,968 every year, while hoping to spend $23,654 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: 66/18/16 Blend
29$490,000$490,000$490,000$490,000
30$544,073$518,103$510,508$577,627
31$574,401$518,322$502,442$600,778
32$607,029$517,760$493,314$622,958
33$642,168$516,352$483,062$646,621
34$680,047$514,031$471,622$671,910
35$720,920$510,727$458,930$698,986
36$765,065$506,363$444,915$728,025
37$812,787$500,860$429,504$759,222
38$864,421$494,132$412,623$792,792
39$920,337$486,090$394,191$828,975
40$980,940$476,637$374,125$868,033
41$1,046,677$465,673$352,339$910,257
42$1,118,038$453,091$328,742$955,970
43$1,195,562$438,777$303,240$1,005,526
44$1,279,844$422,612$275,733$1,059,319
45$1,371,537$404,468$246,118$1,117,782
46$1,471,358$384,211$214,287$1,181,395
47$1,580,098$361,699$180,128$1,250,688
48$1,698,628$336,782$143,522$1,326,245
49$1,827,904$309,301$104,347$1,408,713
50$1,968,981$279,088$62,473$1,498,805
51$2,123,020$245,965$17,768$1,597,310
52$2,291,295$209,746$0$1,705,098
53$2,475,215$170,230$0$1,828,240
54$2,676,325$127,210$0$1,966,258
55$2,896,331$80,465$0$2,117,310
56$3,137,109$29,759$0$2,282,719
57$3,400,725$0$0$2,463,939
58$3,689,454$0$0$2,667,559
59$4,005,802$0$0$2,897,145
60$4,352,528$0$0$3,148,811
61$4,732,671$0$0$3,424,765
62$5,149,579$0$0$3,727,443
63$5,606,938$0$0$4,059,523
64$6,108,808$0$0$4,423,961
65$6,659,663$0$0$4,824,007
66$7,264,430$0$0$5,263,246
67$7,928,536$0$0$5,745,623
68$8,657,959$0$0$6,275,487
69$9,459,286$0$0$6,857,627
70$10,339,772$0$0$7,497,319
71$11,307,410$0$0$8,200,377
72$12,371,006$0$0$8,973,204
73$13,540,261$0$0$9,822,856
74$14,825,864$0$0$10,757,106
75$16,239,591$0$0$11,784,517
76$17,794,414$0$0$12,914,524
77$19,504,628$0$0$14,157,525
78$21,385,982$0$0$15,524,971
79$23,455,829$0$0$17,029,483
80$25,733,287$0$0$18,684,966
81$28,239,422$0$0$20,506,740
82$30,997,445$0$0$22,511,686
83$34,032,931$0$0$24,718,405
84$37,374,060$0$0$27,147,390
85$41,051,881$0$0$29,821,224
86$45,100,609$0$0$32,764,791
87$49,557,942$0$0$36,005,509
88$54,465,421$0$0$39,573,589
89$59,868,819$0$0$43,502,321
90$65,818,573$0$0$47,828,390
91$72,370,260$0$0$52,592,216
92$79,585,123$0$0$57,838,340
93$87,530,644$0$0$63,615,843
94$96,281,186$0$0$69,978,808
95$105,918,688$0$0$76,986,831
96$116,533,446$0$0$84,705,584
97$128,224,957$0$0$93,207,431
98$141,102,863$0$0$102,572,115
99$155,287,983$0$0$112,887,510
100$170,913,453$0$0$124,250,445