Can I retire at age 30 with 491,000?

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 $491,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$40,546$40,185$39,833$39,489$39,153$38,145
2 years$20,072$19,699$19,336$18,985$18,644$17,635
3 years$13,249$12,873$12,512$12,164$11,829$10,850
4 years$9,838$9,463$9,105$8,763$8,436$7,496
5 years$7,791$7,419$7,066$6,731$6,413$5,514
6 years$6,428$6,058$5,711$5,383$5,075$4,217
7 years$5,454$5,088$4,745$4,426$4,127$3,311
8 years$4,724$4,361$4,025$3,713$3,424$2,649
9 years$4,157$3,797$3,466$3,162$2,883$2,150
10 years$3,703$3,347$3,022$2,726$2,457$1,763
11 years$3,332$2,980$2,661$2,372$2,113$1,458
12 years$3,023$2,674$2,361$2,081$1,831$1,214
13 years$2,762$2,417$2,110$1,837$1,597$1,016
14 years$2,538$2,197$1,895$1,631$1,400$854
15 years$2,345$2,007$1,711$1,454$1,232$720
16 years$2,175$1,841$1,552$1,302$1,089$609
17 years$2,026$1,696$1,412$1,170$966$517
18 years$1,894$1,567$1,289$1,054$859$439
19 years$1,775$1,452$1,180$953$765$374
20 years$1,669$1,349$1,083$863$684$319
21 years$1,573$1,257$996$783$612$272
22 years$1,485$1,173$918$712$548$233
23 years$1,406$1,097$848$648$492$199
24 years$1,333$1,028$784$591$442$170
25 years$1,266$965$726$540$398$146
26 years$1,204$907$673$494$359$125
27 years$1,147$853$625$452$323$107
28 years$1,094$804$581$414$292$92
29 years$1,045$759$541$380$263$79
30 years$999$717$504$349$238$68
31 years$957$677$470$320$215$58
32 years$917$641$438$294$195$50
33 years$879$607$409$271$176$43
34 years$844$575$382$249$159$37
35 years$811$546$357$229$144$32
36 years$780$518$334$211$131$27
37 years$750$492$313$194$119$23
38 years$723$467$293$179$108$20
39 years$696$444$275$165$98$17
40 years$671$423$257$152$88$15
41 years$648$403$241$141$80$13
42 years$625$383$226$130$73$11
43 years$604$365$212$120$66$9
44 years$583$348$199$111$60$8
45 years$564$332$187$102$54$7
46 years$545$317$176$94$49$6
47 years$528$302$165$87$45$5
48 years$511$289$155$81$41$4
49 years$495$276$146$74$37$4
50 years$479$263$137$69$34$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $491,000, adding $2,536 every year, while hoping to spend $24,377 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: 32/41/27 Blend
29$491,000$491,000$491,000$491,000
30$543,698$517,675$510,064$556,546
31$573,218$517,104$501,215$566,005
32$604,932$515,688$491,251$573,850
33$639,039$513,360$480,112$581,819
34$675,755$510,049$467,729$589,941
35$715,319$505,679$454,036$598,248
36$757,994$500,169$438,958$606,777
37$804,068$493,436$422,422$615,573
38$853,857$485,388$404,347$624,687
39$907,709$475,932$384,652$634,177
40$966,008$464,964$363,250$644,111
41$1,029,173$452,379$340,050$654,565
42$1,097,666$438,064$314,960$665,630
43$1,171,997$421,898$287,880$677,403
44$1,252,724$403,754$258,707$690,000
45$1,340,462$383,498$227,334$703,549
46$1,435,888$360,989$193,649$718,198
47$1,539,747$336,076$157,535$734,110
48$1,652,858$308,600$118,869$751,474
49$1,776,122$278,394$77,523$770,498
50$1,910,530$245,279$33,364$791,420
51$2,057,176$209,070$0$814,505
52$2,217,260$169,566$0$844,015
53$2,392,106$126,560$0$886,836
54$2,583,170$79,831$0$933,763
55$2,792,055$29,144$0$985,262
56$3,020,526$0$0$1,041,849
57$3,270,528$0$0$1,115,712
58$3,544,199$0$0$1,211,035
59$3,843,898$0$0$1,315,499
60$4,172,218$0$0$1,430,018
61$4,532,020$0$0$1,555,598
62$4,926,449$0$0$1,693,348
63$5,358,973$0$0$1,844,490
64$5,833,411$0$0$2,010,369
65$6,353,967$0$0$2,192,466
66$6,925,275$0$0$2,392,414
67$7,552,438$0$0$2,612,011
68$8,241,075$0$0$2,853,236
69$8,997,380$0$0$3,118,273
70$9,828,173$0$0$3,409,526
71$10,740,968$0$0$3,729,641
72$11,744,044$0$0$4,081,537
73$12,846,519$0$0$4,468,427
74$14,058,441$0$0$4,893,854
75$15,390,879$0$0$5,361,718
76$16,856,028$0$0$5,876,317
77$18,467,323$0$0$6,442,389
78$20,239,567$0$0$7,065,151
79$22,189,071$0$0$7,750,351
80$24,333,803$0$0$8,504,326
81$26,693,564$0$0$9,334,055
82$29,290,169$0$0$10,247,228
83$32,147,653$0$0$11,252,319
84$35,292,503$0$0$12,358,665
85$38,753,900$0$0$13,576,556
86$42,563,998$0$0$14,917,326
87$46,758,228$0$0$16,393,467
88$51,375,630$0$0$18,018,744
89$56,459,221$0$0$19,808,323
90$62,056,401$0$0$21,778,917
91$68,219,401$0$0$23,948,941
92$75,005,775$0$0$26,338,687
93$82,478,941$0$0$28,970,517
94$90,708,780$0$0$31,869,069
95$99,772,299$0$0$35,061,497
96$109,754,349$0$0$38,577,717
97$120,748,435$0$0$42,450,701
98$132,857,591$0$0$46,716,778
99$146,195,355$0$0$51,415,982
100$160,886,838$0$0$56,592,429