Can I retire at age 30 with 494,000?

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 $494,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$40,794$40,431$40,076$39,730$39,392$38,884
2 years$20,195$19,819$19,454$19,101$18,758$18,247
3 years$13,330$12,952$12,588$12,238$11,901$11,402
4 years$9,898$9,521$9,161$8,817$8,488$8,006
5 years$7,839$7,465$7,109$6,772$6,452$5,988
6 years$6,467$6,095$5,745$5,416$5,106$4,660
7 years$5,487$5,119$4,774$4,453$4,152$3,726
8 years$4,753$4,388$4,049$3,735$3,445$3,037
9 years$4,182$3,820$3,488$3,182$2,901$2,512
10 years$3,726$3,368$3,040$2,743$2,472$2,101
11 years$3,352$2,998$2,677$2,387$2,126$1,773
12 years$3,042$2,691$2,376$2,094$1,842$1,507
13 years$2,779$2,432$2,122$1,848$1,606$1,288
14 years$2,554$2,210$1,907$1,641$1,408$1,106
15 years$2,359$2,019$1,722$1,463$1,240$954
16 years$2,189$1,853$1,561$1,310$1,096$826
17 years$2,038$1,706$1,420$1,177$972$717
18 years$1,905$1,577$1,297$1,061$864$624
19 years$1,786$1,461$1,187$959$770$544
20 years$1,679$1,358$1,089$868$688$475
21 years$1,582$1,265$1,002$788$615$415
22 years$1,494$1,181$924$716$552$364
23 years$1,414$1,104$853$652$495$319
24 years$1,341$1,034$789$595$445$280
25 years$1,274$971$730$543$401$246
26 years$1,212$912$677$497$361$216
27 years$1,154$859$629$455$325$190
28 years$1,101$809$585$417$294$168
29 years$1,052$763$544$382$265$148
30 years$1,006$721$507$351$239$130
31 years$963$681$473$322$217$115
32 years$922$645$441$296$196$101
33 years$885$611$412$272$177$89
34 years$849$579$385$250$160$79
35 years$816$549$360$231$145$69
36 years$785$521$336$212$132$61
37 years$755$495$315$196$119$54
38 years$727$470$295$180$108$48
39 years$700$447$276$166$98$42
40 years$675$425$259$153$89$37
41 years$652$405$243$141$81$33
42 years$629$386$228$131$73$29
43 years$607$368$214$121$66$26
44 years$587$350$201$111$60$23
45 years$567$334$188$103$55$20
46 years$549$319$177$95$50$18
47 years$531$304$166$88$45$16
48 years$514$290$156$81$41$14
49 years$498$277$147$75$37$12
50 years$482$265$138$69$34$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $494,000, adding $6,331 every year, while hoping to spend $36,790 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: 64/26/10 Blend
29$494,000$494,000$494,000$494,000
30$550,918$524,736$517,079$584,577
31$567,968$511,304$495,257$594,399
32$585,523$495,981$471,471$600,244
33$603,597$478,635$445,616$605,691
34$622,203$459,127$417,583$610,703
35$641,353$437,309$387,258$615,234
36$661,061$413,027$354,521$619,241
37$681,339$386,115$319,247$622,675
38$702,200$356,400$281,306$625,483
39$723,657$323,696$240,562$627,610
40$745,723$287,809$196,874$628,998
41$768,409$248,534$150,091$629,584
42$791,727$205,653$100,060$629,300
43$815,690$158,936$46,618$628,077
44$840,307$108,142$0$625,838
45$865,591$53,013$0$623,614
46$891,550$0$0$625,589
47$918,193$0$0$628,634
48$945,529$0$0$647,317
49$973,563$0$0$666,473
50$1,002,303$0$0$686,107
51$1,031,751$0$0$706,222
52$1,061,910$0$0$726,816
53$1,092,780$0$0$747,891
54$1,124,359$0$0$769,445
55$1,156,644$0$0$791,472
56$1,189,625$0$0$813,969
57$1,223,293$0$0$836,925
58$1,257,634$0$0$860,331
59$1,292,629$0$0$884,173
60$1,328,255$0$0$908,433
61$1,364,483$0$0$933,091
62$1,401,281$0$0$958,122
63$1,438,607$0$0$983,497
64$1,476,413$0$0$1,009,180
65$1,514,644$0$0$1,035,133
66$1,553,236$0$0$1,061,308
67$1,592,113$0$0$1,087,651
68$1,631,190$0$0$1,114,101
69$1,670,368$0$0$1,140,587
70$1,709,535$0$0$1,167,030
71$1,748,564$0$0$1,193,338
72$1,787,310$0$0$1,219,409
73$1,825,611$0$0$1,245,126
74$1,863,283$0$0$1,270,358
75$1,900,118$0$0$1,294,959
76$1,935,884$0$0$1,318,761
77$1,970,320$0$0$1,341,581
78$2,003,133$0$0$1,363,209
79$2,033,996$0$0$1,383,415
80$2,062,542$0$0$1,401,938
81$2,088,365$0$0$1,418,490
82$2,111,008$0$0$1,432,746
83$2,129,964$0$0$1,444,348
84$2,144,668$0$0$1,452,895
85$2,154,491$0$0$1,457,943
86$2,158,735$0$0$1,458,996
87$2,156,623$0$0$1,455,506
88$2,147,293$0$0$1,446,862
89$2,129,788$0$0$1,432,387
90$2,103,047$0$0$1,411,331
91$2,065,893$0$0$1,382,863
92$2,017,022$0$0$1,346,058
93$1,954,989$0$0$1,299,898
94$1,878,194$0$0$1,243,250
95$1,784,866$0$0$1,174,863
96$1,673,043$0$0$1,093,352
97$1,540,557$0$0$997,184
98$1,385,009$0$0$884,665
99$1,203,746$0$0$753,921
100$993,834$0$0$602,880