Can I retire at age 30 with 493,000?

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 $493,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$40,711$40,349$39,995$39,650$39,313$38,741
2 years$20,154$19,779$19,415$19,062$18,720$18,146
3 years$13,303$12,926$12,563$12,213$11,877$11,317
4 years$9,878$9,502$9,143$8,799$8,471$7,930
5 years$7,823$7,449$7,095$6,759$6,439$5,919
6 years$6,454$6,083$5,734$5,405$5,095$4,596
7 years$5,476$5,109$4,765$4,444$4,144$3,666
8 years$4,743$4,379$4,041$3,728$3,438$2,982
9 years$4,174$3,813$3,480$3,175$2,895$2,460
10 years$3,718$3,361$3,034$2,737$2,467$2,053
11 years$3,346$2,992$2,671$2,382$2,121$1,728
12 years$3,035$2,685$2,371$2,089$1,838$1,465
13 years$2,773$2,427$2,118$1,845$1,603$1,249
14 years$2,549$2,206$1,903$1,637$1,405$1,070
15 years$2,354$2,015$1,718$1,460$1,237$920
16 years$2,184$1,849$1,558$1,308$1,094$794
17 years$2,034$1,703$1,418$1,175$970$687
18 years$1,901$1,573$1,294$1,059$862$596
19 years$1,782$1,458$1,185$957$768$518
20 years$1,676$1,355$1,087$866$686$451
21 years$1,579$1,262$1,000$786$614$394
22 years$1,491$1,178$922$715$551$344
23 years$1,411$1,102$851$651$494$301
24 years$1,338$1,032$787$594$444$263
25 years$1,271$969$729$542$400$230
26 years$1,209$911$676$496$360$202
27 years$1,152$857$628$454$325$177
28 years$1,099$808$584$416$293$155
29 years$1,049$762$543$381$264$136
30 years$1,004$719$506$350$239$120
31 years$961$680$472$321$216$105
32 years$921$644$440$295$195$93
33 years$883$609$411$272$177$81
34 years$848$578$384$250$160$72
35 years$814$548$359$230$145$63
36 years$783$520$336$212$131$55
37 years$753$494$314$195$119$49
38 years$726$469$294$180$108$43
39 years$699$446$276$166$98$38
40 years$674$425$258$153$89$33
41 years$650$404$242$141$81$29
42 years$628$385$227$130$73$26
43 years$606$367$213$120$66$23
44 years$586$350$200$111$60$20
45 years$566$333$188$103$55$18
46 years$548$318$177$95$50$15
47 years$530$303$166$88$45$14
48 years$513$290$156$81$41$12
49 years$497$277$147$75$37$11
50 years$481$264$138$69$34$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $493,000, adding $6,562 every year, while hoping to spend $31,625 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: 53/38/9 Blend
29$493,000$493,000$493,000$493,000
30$550,055$523,926$516,284$577,622
31$572,512$515,949$499,931$589,097
32$596,199$506,522$481,970$597,584
33$621,209$495,540$462,314$606,068
34$647,643$482,891$440,872$614,556
35$675,609$468,460$417,548$623,056
36$705,229$452,122$392,243$631,579
37$736,631$433,745$364,852$640,141
38$769,960$413,191$335,267$648,758
39$805,372$390,313$303,374$657,454
40$843,037$364,955$269,054$666,256
41$883,142$336,954$232,184$675,195
42$925,894$306,136$192,633$684,309
43$971,515$272,316$150,266$693,646
44$1,020,251$235,301$104,941$703,257
45$1,072,372$194,887$56,513$713,204
46$1,128,174$150,856$4,825$723,560
47$1,187,979$102,979$0$734,407
48$1,252,143$51,016$0$750,675
49$1,321,057$0$0$768,449
50$1,395,147$0$0$789,620
51$1,474,884$0$0$835,396
52$1,560,783$0$0$884,747
53$1,653,411$0$0$938,001
54$1,753,390$0$0$995,523
55$1,861,403$0$0$1,057,709
56$1,978,203$0$0$1,124,999
57$2,104,615$0$0$1,197,874
58$2,241,547$0$0$1,276,863
59$2,389,997$0$0$1,362,548
60$2,551,063$0$0$1,455,570
61$2,725,952$0$0$1,556,632
62$2,915,993$0$0$1,666,509
63$3,122,645$0$0$1,786,054
64$3,347,517$0$0$1,916,203
65$3,592,376$0$0$2,057,988
66$3,859,168$0$0$2,212,545
67$4,150,034$0$0$2,381,123
68$4,467,331$0$0$2,565,097
69$4,813,654$0$0$2,765,982
70$5,191,857$0$0$2,985,442
71$5,605,084$0$0$3,225,314
72$6,056,795$0$0$3,487,616
73$6,550,801$0$0$3,774,573
74$7,091,296$0$0$4,088,632
75$7,682,899$0$0$4,432,491
76$8,330,697$0$0$4,809,118
77$9,040,291$0$0$5,221,784
78$9,817,849$0$0$5,674,088
79$10,670,164$0$0$6,169,998
80$11,604,719$0$0$6,713,880
81$12,629,754$0$0$7,310,547
82$13,754,345$0$0$7,965,297
83$14,988,490$0$0$8,683,967
84$16,343,200$0$0$9,472,988
85$17,830,606$0$0$10,339,441
86$19,464,070$0$0$11,291,128
87$21,258,311$0$0$12,336,646
88$23,229,546$0$0$13,485,461
89$25,395,638$0$0$14,748,006
90$27,776,266$0$0$16,135,772
91$30,393,112$0$0$17,661,419
92$33,270,062$0$0$19,338,896
93$36,433,432$0$0$21,183,570
94$39,912,214$0$0$23,212,372
95$43,738,354$0$0$25,443,957
96$47,947,045$0$0$27,898,876
97$52,577,065$0$0$30,599,776
98$57,671,140$0$0$33,571,607
99$63,276,342$0$0$36,841,860
100$69,444,543$0$0$40,440,826