Can I retire at age 30 with 492,000?

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 $492,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$40,629$40,267$39,914$39,569$39,233$37,706
2 years$20,113$19,739$19,376$19,024$18,682$17,162
3 years$13,276$12,899$12,537$12,189$11,853$10,388
4 years$9,858$9,482$9,124$8,781$8,454$7,055
5 years$7,807$7,434$7,081$6,745$6,426$5,097
6 years$6,441$6,071$5,722$5,394$5,085$3,826
7 years$5,465$5,098$4,755$4,435$4,135$2,947
8 years$4,734$4,370$4,033$3,720$3,431$2,311
9 years$4,165$3,805$3,473$3,169$2,889$1,836
10 years$3,710$3,354$3,028$2,731$2,462$1,474
11 years$3,339$2,986$2,666$2,377$2,117$1,193
12 years$3,029$2,680$2,366$2,085$1,835$971
13 years$2,768$2,422$2,114$1,841$1,600$794
14 years$2,543$2,201$1,899$1,634$1,402$652
15 years$2,349$2,011$1,715$1,457$1,235$537
16 years$2,180$1,845$1,555$1,305$1,091$443
17 years$2,030$1,699$1,415$1,172$968$367
18 years$1,897$1,570$1,291$1,057$860$304
19 years$1,779$1,455$1,182$955$767$252
20 years$1,672$1,352$1,085$865$685$209
21 years$1,576$1,260$998$785$613$174
22 years$1,488$1,176$920$714$549$145
23 years$1,409$1,100$849$650$493$121
24 years$1,336$1,030$785$593$443$101
25 years$1,268$967$727$541$399$84
26 years$1,207$909$675$495$359$70
27 years$1,150$855$627$453$324$58
28 years$1,097$806$582$415$292$49
29 years$1,047$760$542$381$264$41
30 years$1,001$718$505$349$239$34
31 years$959$679$471$321$216$28
32 years$919$642$439$295$195$24
33 years$881$608$410$271$177$20
34 years$846$576$383$249$160$16
35 years$813$547$358$230$145$14
36 years$781$519$335$211$131$11
37 years$752$493$314$195$119$10
38 years$724$468$294$180$108$8
39 years$698$445$275$166$98$7
40 years$673$424$258$153$89$6
41 years$649$403$242$141$80$5
42 years$626$384$227$130$73$4
43 years$605$366$213$120$66$3
44 years$585$349$200$111$60$3
45 years$565$333$188$102$55$2
46 years$547$317$176$95$50$2
47 years$529$303$166$87$45$2
48 years$512$289$156$81$41$1
49 years$496$276$146$75$37$1
50 years$480$264$137$69$34$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $492,000, adding $2,112 every year, while hoping to spend $27,137 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: 37/35/28 Blend
29$492,000$492,000$492,000$492,000
30$544,363$518,287$510,661$559,882
31$571,014$514,809$498,894$568,063
32$599,474$510,252$485,824$574,270
33$629,899$504,533$471,378$580,456
34$662,460$497,566$455,480$586,636
35$697,344$489,259$438,051$592,831
36$734,756$479,516$419,009$599,064
37$774,923$468,234$398,267$605,365
38$818,090$455,303$375,735$611,768
39$864,531$440,608$351,317$618,316
40$914,543$424,028$324,917$625,055
41$968,454$405,433$296,429$632,043
42$1,026,623$384,686$265,746$639,345
43$1,089,447$361,644$232,757$647,036
44$1,157,359$336,153$197,343$655,204
45$1,230,837$308,051$159,381$663,949
46$1,310,406$277,169$118,743$673,384
47$1,396,642$243,325$75,296$683,641
48$1,490,180$206,329$28,900$694,867
49$1,591,719$165,980$0$707,231
50$1,702,025$122,063$0$727,082
51$1,821,942$74,355$0$758,092
52$1,952,400$22,619$0$791,909
53$2,094,420$0$0$828,858
54$2,249,127$0$0$882,161
55$2,417,758$0$0$949,819
56$2,601,675$0$0$1,023,675
57$2,802,376$0$0$1,104,339
58$3,021,511$0$0$1,192,483
59$3,260,898$0$0$1,288,846
60$3,522,534$0$0$1,394,242
61$3,808,621$0$0$1,509,567
62$4,121,583$0$0$1,635,808
63$4,464,088$0$0$1,774,053
64$4,839,076$0$0$1,925,497
65$5,249,781$0$0$2,091,459
66$5,699,767$0$0$2,273,390
67$6,192,958$0$0$2,472,889
68$6,733,678$0$0$2,691,716
69$7,326,685$0$0$2,931,812
70$7,977,224$0$0$3,195,312
71$8,691,068$0$0$3,484,570
72$9,474,581$0$0$3,802,177
73$10,334,767$0$0$4,150,988
74$11,279,347$0$0$4,534,149
75$12,316,823$0$0$4,955,126
76$13,456,561$0$0$5,417,734
77$14,708,881$0$0$5,926,180
78$16,085,149$0$0$6,485,096
79$17,597,889$0$0$7,099,586
80$19,260,898$0$0$7,775,275
81$21,089,377$0$0$8,518,357
82$23,100,073$0$0$9,335,658
83$25,311,436$0$0$10,234,700
84$27,743,796$0$0$11,223,768
85$30,419,551$0$0$12,311,993
86$33,363,377$0$0$13,509,433
87$36,602,467$0$0$14,827,174
88$40,166,778$0$0$16,277,427
89$44,089,322$0$0$17,873,650
90$48,406,469$0$0$19,630,668
91$53,158,296$0$0$21,564,821
92$58,388,962$0$0$23,694,110
93$64,147,125$0$0$26,038,370
94$70,486,398$0$0$28,619,461
95$77,465,860$0$0$31,461,466
96$85,150,607$0$0$34,590,924
97$93,612,370$0$0$38,037,079
98$102,930,190$0$0$41,832,155
99$113,191,162$0$0$46,011,661
100$124,491,259$0$0$50,614,724