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%15.7%
1 years$40,629$40,267$39,914$39,569$39,233$38,315
2 years$20,113$19,739$19,376$19,024$18,682$17,763
3 years$13,276$12,899$12,537$12,189$11,853$10,961
4 years$9,858$9,482$9,124$8,781$8,454$7,596
5 years$7,807$7,434$7,081$6,745$6,426$5,605
6 years$6,441$6,071$5,722$5,394$5,085$4,300
7 years$5,465$5,098$4,755$4,435$4,135$3,388
8 years$4,734$4,370$4,033$3,720$3,431$2,720
9 years$4,165$3,805$3,473$3,169$2,889$2,215
10 years$3,710$3,354$3,028$2,731$2,462$1,824
11 years$3,339$2,986$2,666$2,377$2,117$1,514
12 years$3,029$2,680$2,366$2,085$1,835$1,265
13 years$2,768$2,422$2,114$1,841$1,600$1,063
14 years$2,543$2,201$1,899$1,634$1,402$897
15 years$2,349$2,011$1,715$1,457$1,235$760
16 years$2,180$1,845$1,555$1,305$1,091$646
17 years$2,030$1,699$1,415$1,172$968$550
18 years$1,897$1,570$1,291$1,057$860$470
19 years$1,779$1,455$1,182$955$767$402
20 years$1,672$1,352$1,085$865$685$344
21 years$1,576$1,260$998$785$613$295
22 years$1,488$1,176$920$714$549$253
23 years$1,409$1,100$849$650$493$218
24 years$1,336$1,030$785$593$443$187
25 years$1,268$967$727$541$399$161
26 years$1,207$909$675$495$359$139
27 years$1,150$855$627$453$324$120
28 years$1,097$806$582$415$292$103
29 years$1,047$760$542$381$264$89
30 years$1,001$718$505$349$239$77
31 years$959$679$471$321$216$66
32 years$919$642$439$295$195$57
33 years$881$608$410$271$177$49
34 years$846$576$383$249$160$43
35 years$813$547$358$230$145$37
36 years$781$519$335$211$131$32
37 years$752$493$314$195$119$27
38 years$724$468$294$180$108$24
39 years$698$445$275$166$98$20
40 years$673$424$258$153$89$18
41 years$649$403$242$141$80$15
42 years$626$384$227$130$73$13
43 years$605$366$213$120$66$11
44 years$585$349$200$111$60$10
45 years$565$333$188$102$55$9
46 years$547$317$176$95$50$7
47 years$529$303$166$87$45$6
48 years$512$289$156$81$41$5
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 $3,036 every year, while hoping to spend $22,532 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: 37/34/29 Blend
29$492,000$492,000$492,000$492,000
30$545,316$519,240$511,614$560,677
31$576,964$520,709$504,779$573,794
32$611,085$521,494$496,960$585,692
33$647,908$521,539$488,100$598,117
34$687,683$520,783$478,140$611,131
35$730,686$519,161$467,017$624,806
36$777,221$516,605$454,667$639,222
37$827,621$513,042$441,021$654,468
38$882,251$508,394$426,009$670,644
39$941,516$502,580$409,555$687,864
40$1,005,857$495,514$391,582$706,253
41$1,075,764$487,103$372,009$725,955
42$1,151,771$477,250$350,750$747,126
43$1,234,468$465,852$327,717$769,945
44$1,324,505$452,800$302,817$794,608
45$1,422,596$437,978$275,952$821,338
46$1,529,526$421,264$247,022$850,381
47$1,646,160$402,529$215,920$882,010
48$1,773,450$381,635$182,536$916,533
49$1,912,445$358,438$146,753$954,291
50$2,064,298$332,784$108,453$995,663
51$2,230,278$304,513$67,508$1,041,072
52$2,411,784$273,451$23,787$1,090,987
53$2,610,355$239,420$0$1,145,931
54$2,827,686$202,226$0$1,213,560
55$3,065,644$161,669$0$1,295,757
56$3,326,284$117,535$0$1,385,915
57$3,611,869$69,599$0$1,484,876
58$3,924,893$17,622$0$1,593,572
59$4,268,100$0$0$1,713,032
60$4,644,515$0$0$1,858,852
61$5,057,468$0$0$2,026,130
62$5,510,628$0$0$2,209,767
63$6,008,034$0$0$2,411,410
64$6,554,139$0$0$2,632,872
65$7,153,844$0$0$2,876,151
66$7,812,552$0$0$3,143,449
67$8,536,213$0$0$3,437,190
68$9,331,380$0$0$3,760,045
69$10,205,275$0$0$4,114,958
70$11,165,853$0$0$4,505,171
71$12,221,879$0$0$4,934,256
72$13,383,009$0$0$5,406,148
73$14,659,880$0$0$5,925,185
74$16,064,214$0$0$6,496,143
75$17,608,925$0$0$7,124,286
76$19,308,240$0$0$7,815,414
77$21,177,836$0$0$8,575,917
78$23,234,986$0$0$9,412,837
79$25,498,722$0$0$10,333,931
80$27,990,011$0$0$11,347,748
81$30,731,961$0$0$12,463,706
82$33,750,029$0$0$13,692,184
83$37,072,267$0$0$15,044,618
84$40,729,585$0$0$16,533,609
85$44,756,042$0$0$18,173,043
86$49,189,167$0$0$19,978,218
87$54,070,313$0$0$21,965,994
88$59,445,047$0$0$24,154,948
89$65,363,580$0$0$26,565,550
90$71,881,240$0$0$29,220,358
91$79,058,995$0$0$32,144,229
92$86,964,025$0$0$35,364,550
93$95,670,361$0$0$38,911,505
94$105,259,577$0$0$42,818,353
95$115,821,565$0$0$47,121,742
96$127,455,378$0$0$51,862,058
97$140,270,171$0$0$57,083,803
98$154,386,225$0$0$62,836,020
99$169,936,085$0$0$69,172,747
100$187,065,807$0$0$76,153,534