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%18.6%
1 years$40,794$40,431$40,076$39,730$39,392$38,025
2 years$20,195$19,819$19,454$19,101$18,758$17,395
3 years$13,330$12,952$12,588$12,238$11,901$10,584
4 years$9,898$9,521$9,161$8,817$8,488$7,228
5 years$7,839$7,465$7,109$6,772$6,452$5,253
6 years$6,467$6,095$5,745$5,416$5,106$3,967
7 years$5,487$5,119$4,774$4,453$4,152$3,074
8 years$4,753$4,388$4,049$3,735$3,445$2,427
9 years$4,182$3,820$3,488$3,182$2,901$1,942
10 years$3,726$3,368$3,040$2,743$2,472$1,570
11 years$3,352$2,998$2,677$2,387$2,126$1,279
12 years$3,042$2,691$2,376$2,094$1,842$1,049
13 years$2,779$2,432$2,122$1,848$1,606$864
14 years$2,554$2,210$1,907$1,641$1,408$715
15 years$2,359$2,019$1,722$1,463$1,240$593
16 years$2,189$1,853$1,561$1,310$1,096$494
17 years$2,038$1,706$1,420$1,177$972$412
18 years$1,905$1,577$1,297$1,061$864$344
19 years$1,786$1,461$1,187$959$770$288
20 years$1,679$1,358$1,089$868$688$241
21 years$1,582$1,265$1,002$788$615$202
22 years$1,494$1,181$924$716$552$170
23 years$1,414$1,104$853$652$495$143
24 years$1,341$1,034$789$595$445$120
25 years$1,274$971$730$543$401$101
26 years$1,212$912$677$497$361$85
27 years$1,154$859$629$455$325$71
28 years$1,101$809$585$417$294$60
29 years$1,052$763$544$382$265$51
30 years$1,006$721$507$351$239$43
31 years$963$681$473$322$217$36
32 years$922$645$441$296$196$30
33 years$885$611$412$272$177$25
34 years$849$579$385$250$160$21
35 years$816$549$360$231$145$18
36 years$785$521$336$212$132$15
37 years$755$495$315$196$119$13
38 years$727$470$295$180$108$11
39 years$700$447$276$166$98$9
40 years$675$425$259$153$89$8
41 years$652$405$243$141$81$6
42 years$629$386$228$131$73$5
43 years$607$368$214$121$66$5
44 years$587$350$201$111$60$4
45 years$567$334$188$103$55$3
46 years$549$319$177$95$50$3
47 years$531$304$166$88$45$2
48 years$514$290$156$81$41$2
49 years$498$277$147$75$37$2
50 years$482$265$138$69$34$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $494,000, adding $4,568 every year, while hoping to spend $24,234 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: 56/17/27 Blend
29$494,000$494,000$494,000$494,000
30$549,100$522,918$515,261$575,542
31$579,323$522,756$506,737$594,058
32$611,817$521,774$497,116$611,312
33$646,788$519,906$486,335$629,614
34$684,461$517,083$474,328$649,073
35$725,086$513,229$461,027$669,811
36$768,935$508,268$446,362$691,962
37$816,308$502,114$430,257$715,676
38$867,534$494,681$412,633$741,119
39$922,977$485,875$393,411$768,474
40$983,034$475,596$372,503$797,947
41$1,048,142$463,739$349,821$829,763
42$1,118,785$450,194$325,272$864,175
43$1,195,490$434,843$298,758$901,461
44$1,278,841$417,562$270,178$941,929
45$1,369,479$398,218$239,424$985,922
46$1,468,107$376,672$206,387$1,033,820
47$1,575,502$352,777$170,949$1,086,042
48$1,692,517$326,377$132,990$1,143,054
49$1,820,092$297,308$92,383$1,205,370
50$1,959,260$265,395$48,996$1,273,561
51$2,111,159$230,453$2,692$1,348,258
52$2,277,042$192,290$0$1,430,159
53$2,458,286$150,698$0$1,533,497
54$2,656,411$105,462$0$1,647,368
55$2,873,087$56,351$0$1,771,986
56$3,110,154$3,125$0$1,908,443
57$3,369,638$0$0$2,057,943
58$3,653,770$0$0$2,232,006
59$3,965,007$0$0$2,423,359
60$4,306,055$0$0$2,633,085
61$4,679,894$0$0$2,863,024
62$5,089,804$0$0$3,115,199
63$5,539,401$0$0$3,391,841
64$6,032,666$0$0$3,695,405
65$6,573,983$0$0$4,028,598
66$7,168,183$0$0$4,394,398
67$7,820,587$0$0$4,796,088
68$8,537,055$0$0$5,237,285
69$9,324,044$0$0$5,721,972
70$10,188,667$0$0$6,254,538
71$11,138,759$0$0$6,839,816
72$12,182,951$0$0$7,483,133
73$13,330,755$0$0$8,190,356
74$14,592,646$0$0$8,967,951
75$15,980,169$0$0$9,823,039
76$17,506,039$0$0$10,763,467
77$19,184,269$0$0$11,797,880
78$21,030,296$0$0$12,935,805
79$23,061,128$0$0$14,187,736
80$25,295,506$0$0$15,565,237
81$27,754,078$0$0$17,081,050
82$30,459,595$0$0$18,749,212
83$33,437,124$0$0$20,585,193
84$36,714,287$0$0$22,606,036
85$40,321,518$0$0$24,830,521
86$44,292,351$0$0$27,279,341
87$48,663,737$0$0$29,975,299
88$53,476,392$0$0$32,943,519
89$58,775,180$0$0$36,211,685
90$64,609,536$0$0$39,810,304
91$71,033,935$0$0$43,772,990
92$78,108,400$0$0$48,136,784
93$85,899,074$0$0$52,942,503
94$94,478,840$0$0$58,235,121
95$103,928,012$0$0$64,064,200
96$114,335,088$0$0$70,484,351
97$125,797,588$0$0$77,555,754
98$138,422,973$0$0$85,344,723
99$152,329,659$0$0$93,924,333
100$167,648,134$0$0$103,375,109