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%12.1%
1 years$40,794$40,431$40,076$39,730$39,392$39,046
2 years$20,195$19,819$19,454$19,101$18,758$18,409
3 years$13,330$12,952$12,588$12,238$11,901$11,560
4 years$9,898$9,521$9,161$8,817$8,488$8,158
5 years$7,839$7,465$7,109$6,772$6,452$6,134
6 years$6,467$6,095$5,745$5,416$5,106$4,799
7 years$5,487$5,119$4,774$4,453$4,152$3,858
8 years$4,753$4,388$4,049$3,735$3,445$3,163
9 years$4,182$3,820$3,488$3,182$2,901$2,631
10 years$3,726$3,368$3,040$2,743$2,472$2,214
11 years$3,352$2,998$2,677$2,387$2,126$1,880
12 years$3,042$2,691$2,376$2,094$1,842$1,608
13 years$2,779$2,432$2,122$1,848$1,606$1,384
14 years$2,554$2,210$1,907$1,641$1,408$1,197
15 years$2,359$2,019$1,722$1,463$1,240$1,039
16 years$2,189$1,853$1,561$1,310$1,096$905
17 years$2,038$1,706$1,420$1,177$972$791
18 years$1,905$1,577$1,297$1,061$864$693
19 years$1,786$1,461$1,187$959$770$609
20 years$1,679$1,358$1,089$868$688$536
21 years$1,582$1,265$1,002$788$615$472
22 years$1,494$1,181$924$716$552$417
23 years$1,414$1,104$853$652$495$368
24 years$1,341$1,034$789$595$445$326
25 years$1,274$971$730$543$401$288
26 years$1,212$912$677$497$361$256
27 years$1,154$859$629$455$325$227
28 years$1,101$809$585$417$294$201
29 years$1,052$763$544$382$265$179
30 years$1,006$721$507$351$239$159
31 years$963$681$473$322$217$141
32 years$922$645$441$296$196$125
33 years$885$611$412$272$177$112
34 years$849$579$385$250$160$99
35 years$816$549$360$231$145$88
36 years$785$521$336$212$132$79
37 years$755$495$315$196$119$70
38 years$727$470$295$180$108$62
39 years$700$447$276$166$98$56
40 years$675$425$259$153$89$50
41 years$652$405$243$141$81$44
42 years$629$386$228$131$73$39
43 years$607$368$214$121$66$35
44 years$587$350$201$111$60$31
45 years$567$334$188$103$55$28
46 years$549$319$177$95$50$25
47 years$531$304$166$88$45$22
48 years$514$290$156$81$41$20
49 years$498$277$147$75$37$18
50 years$482$265$138$69$34$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $494,000, adding $6,702 every year, while hoping to spend $34,100 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: 68/24/8 Blend
29$494,000$494,000$494,000$494,000
30$551,301$525,119$517,462$587,531
31$571,252$514,568$498,515$601,878
32$592,094$502,357$477,790$612,805
33$613,884$488,368$455,192$623,842
34$636,680$472,478$430,621$634,995
35$660,547$454,555$403,973$646,269
36$685,555$434,461$375,138$657,674
37$711,779$412,046$344,002$669,220
38$739,301$387,157$310,447$680,919
39$768,211$359,629$274,348$692,786
40$798,604$329,287$235,574$704,840
41$830,587$295,947$193,991$717,101
42$864,273$259,415$149,456$729,596
43$899,788$219,485$101,822$742,353
44$937,267$175,941$50,934$755,407
45$976,859$128,552$0$768,798
46$1,018,725$77,077$0$782,861
47$1,063,041$21,260$0$802,020
48$1,110,000$0$0$821,998
49$1,159,813$0$0$853,225
50$1,212,709$0$0$892,363
51$1,268,941$0$0$933,984
52$1,328,783$0$0$978,295
53$1,392,537$0$0$1,025,520
54$1,460,532$0$0$1,075,906
55$1,533,131$0$0$1,129,724
56$1,610,729$0$0$1,187,270
57$1,693,760$0$0$1,248,868
58$1,782,701$0$0$1,314,876
59$1,878,073$0$0$1,385,682
60$1,980,450$0$0$1,461,716
61$2,090,460$0$0$1,543,449
62$2,208,793$0$0$1,631,397
63$2,336,206$0$0$1,726,126
64$2,473,533$0$0$1,828,260
65$2,621,686$0$0$1,938,483
66$2,781,670$0$0$2,057,547
67$2,954,589$0$0$2,186,277
68$3,141,655$0$0$2,325,582
69$3,344,201$0$0$2,476,460
70$3,563,693$0$0$2,640,007
71$3,801,742$0$0$2,817,431
72$4,060,121$0$0$3,010,060
73$4,340,778$0$0$3,219,351
74$4,645,858$0$0$3,446,912
75$4,977,719$0$0$3,694,508
76$5,338,956$0$0$3,964,084
77$5,732,425$0$0$4,257,777
78$6,161,268$0$0$4,577,942
79$6,628,943$0$0$4,927,168
80$7,139,257$0$0$5,308,308
81$7,696,399$0$0$5,724,498
82$8,304,980$0$0$6,179,195
83$8,970,079$0$0$6,676,200
84$9,697,285$0$0$7,219,702
85$10,492,752$0$0$7,814,311
86$11,363,257$0$0$8,465,103
87$12,316,260$0$0$9,177,669
88$13,359,979$0$0$9,958,163
89$14,503,463$0$0$10,813,366
90$15,756,676$0$0$11,750,743
91$17,130,594$0$0$12,778,516
92$18,637,303$0$0$13,905,742
93$20,290,117$0$0$15,142,396
94$22,103,701$0$0$16,499,463
95$24,094,205$0$0$17,989,046
96$26,279,423$0$0$19,624,476
97$28,678,953$0$0$21,420,437
98$31,314,384$0$0$23,393,106
99$34,209,500$0$0$25,560,301
100$37,390,500$0$0$27,941,656