Can I retire at age 30 with 492,000?

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 $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%15.5%
1 years$40,629$40,267$39,914$39,569$39,233$38,347
2 years$20,113$19,739$19,376$19,024$18,682$17,794
3 years$13,276$12,899$12,537$12,189$11,853$10,991
4 years$9,858$9,482$9,124$8,781$8,454$7,624
5 years$7,807$7,434$7,081$6,745$6,426$5,631
6 years$6,441$6,071$5,722$5,394$5,085$4,326
7 years$5,465$5,098$4,755$4,435$4,135$3,412
8 years$4,734$4,370$4,033$3,720$3,431$2,743
9 years$4,165$3,805$3,473$3,169$2,889$2,236
10 years$3,710$3,354$3,028$2,731$2,462$1,843
11 years$3,339$2,986$2,666$2,377$2,117$1,532
12 years$3,029$2,680$2,366$2,085$1,835$1,282
13 years$2,768$2,422$2,114$1,841$1,600$1,079
14 years$2,543$2,201$1,899$1,634$1,402$912
15 years$2,349$2,011$1,715$1,457$1,235$774
16 years$2,180$1,845$1,555$1,305$1,091$658
17 years$2,030$1,699$1,415$1,172$968$562
18 years$1,897$1,570$1,291$1,057$860$480
19 years$1,779$1,455$1,182$955$767$411
20 years$1,672$1,352$1,085$865$685$353
21 years$1,576$1,260$998$785$613$303
22 years$1,488$1,176$920$714$549$261
23 years$1,409$1,100$849$650$493$224
24 years$1,336$1,030$785$593$443$193
25 years$1,268$967$727$541$399$167
26 years$1,207$909$675$495$359$144
27 years$1,150$855$627$453$324$124
28 years$1,097$806$582$415$292$107
29 years$1,047$760$542$381$264$92
30 years$1,001$718$505$349$239$80
31 years$959$679$471$321$216$69
32 years$919$642$439$295$195$60
33 years$881$608$410$271$177$52
34 years$846$576$383$249$160$45
35 years$813$547$358$230$145$39
36 years$781$519$335$211$131$33
37 years$752$493$314$195$119$29
38 years$724$468$294$180$108$25
39 years$698$445$275$166$98$22
40 years$673$424$258$153$89$19
41 years$649$403$242$141$80$16
42 years$626$384$227$130$73$14
43 years$605$366$213$120$66$12
44 years$585$349$200$111$60$11
45 years$565$333$188$102$55$9
46 years$547$317$176$95$50$8
47 years$529$303$166$87$45$7
48 years$512$289$156$81$41$6
49 years$496$276$146$75$37$5
50 years$480$264$137$69$34$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $492,000, adding $4,713 every year, while hoping to spend $28,534 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$547,045$520,969$513,343$562,565
31$572,484$516,137$500,181$569,618
32$599,561$510,111$485,620$574,294
33$628,414$502,804$469,586$578,799
34$659,192$494,121$451,997$583,136
35$692,059$483,963$432,769$587,311
36$727,197$472,225$411,814$591,334
37$764,802$458,795$389,040$595,217
38$805,090$443,554$364,352$598,979
39$848,300$426,379$337,648$602,640
40$894,691$407,137$308,824$606,229
41$944,551$385,687$277,771$609,778
42$998,191$361,882$244,373$613,329
43$1,055,958$335,566$208,510$616,929
44$1,118,230$306,572$170,059$620,637
45$1,185,422$274,727$128,889$624,520
46$1,257,991$239,845$84,863$628,657
47$1,336,440$201,731$37,840$633,141
48$1,421,320$160,179$0$638,076
49$1,513,237$114,970$0$647,274
50$1,612,858$65,874$0$669,492
51$1,720,916$12,649$0$693,623
52$1,838,219$0$0$719,899
53$1,965,652$0$0$765,901
54$2,104,191$0$0$821,268
55$2,254,909$0$0$881,566
56$2,418,988$0$0$947,275
57$2,597,726$0$0$1,018,924
58$2,792,553$0$0$1,097,094
59$3,005,043$0$0$1,182,426
60$3,236,928$0$0$1,275,625
61$3,490,115$0$0$1,377,467
62$3,766,702$0$0$1,488,807
63$4,068,999$0$0$1,610,584
64$4,399,551$0$0$1,743,835
65$4,761,158$0$0$1,889,700
66$5,156,903$0$0$2,049,436
67$5,590,183$0$0$2,224,424
68$6,064,736$0$0$2,416,189
69$6,584,682$0$0$2,626,407
70$7,154,554$0$0$2,856,926
71$7,779,347$0$0$3,109,781
72$8,464,562$0$0$3,387,212
73$9,216,259$0$0$3,691,689
74$10,041,111$0$0$4,025,930
75$10,946,468$0$0$4,392,931
76$11,940,429$0$0$4,795,992
77$13,031,912$0$0$5,238,746
78$14,230,744$0$0$5,725,199
79$15,547,748$0$0$6,259,761
80$16,994,849$0$0$6,847,292
81$18,585,183$0$0$7,493,146
82$20,333,222$0$0$8,203,221
83$22,254,910$0$0$8,984,016
84$24,367,813$0$0$9,842,689
85$26,691,284$0$0$10,787,130
86$29,246,644$0$0$11,826,030
87$32,057,385$0$0$12,968,963
88$35,149,391$0$0$14,226,481
89$38,551,180$0$0$15,610,208
90$42,294,172$0$0$17,132,953
91$46,412,988$0$0$18,808,829
92$50,945,776$0$0$20,653,387
93$55,934,566$0$0$22,683,760
94$61,425,670$0$0$24,918,828
95$67,470,119$0$0$27,379,395
96$74,124,141$0$0$30,088,384
97$81,449,694$0$0$33,071,052
98$89,515,047$0$0$36,355,233
99$98,395,427$0$0$39,971,595
100$108,173,726$0$0$43,953,931