Can I retire at age 30 with 495,000?

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 $495,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$40,877$40,513$40,157$39,811$39,472$39,092
2 years$20,236$19,859$19,494$19,140$18,796$18,414
3 years$13,357$12,978$12,614$12,263$11,925$11,552
4 years$9,918$9,540$9,180$8,835$8,505$8,144
5 years$7,855$7,480$7,124$6,786$6,465$6,117
6 years$6,480$6,108$5,757$5,427$5,116$4,781
7 years$5,498$5,129$4,784$4,462$4,161$3,839
8 years$4,763$4,397$4,057$3,743$3,452$3,144
9 years$4,190$3,828$3,495$3,188$2,907$2,612
10 years$3,733$3,374$3,047$2,748$2,477$2,196
11 years$3,359$3,004$2,682$2,392$2,130$1,862
12 years$3,048$2,696$2,380$2,098$1,846$1,591
13 years$2,784$2,437$2,127$1,852$1,610$1,367
14 years$2,559$2,215$1,911$1,644$1,411$1,180
15 years$2,364$2,023$1,725$1,466$1,242$1,024
16 years$2,193$1,856$1,564$1,313$1,098$891
17 years$2,043$1,710$1,423$1,180$974$777
18 years$1,909$1,580$1,299$1,063$866$680
19 years$1,790$1,464$1,189$961$772$596
20 years$1,682$1,360$1,092$870$689$524
21 years$1,585$1,267$1,004$790$617$461
22 years$1,497$1,183$925$718$553$406
23 years$1,417$1,106$854$654$496$359
24 years$1,344$1,037$790$596$446$317
25 years$1,276$973$732$545$401$280
26 years$1,214$914$679$498$362$248
27 years$1,157$860$630$456$326$219
28 years$1,103$811$586$418$294$194
29 years$1,054$765$545$383$266$172
30 years$1,008$722$508$351$240$153
31 years$965$683$474$323$217$136
32 years$924$646$442$297$196$120
33 years$886$612$413$273$178$107
34 years$851$580$385$251$161$95
35 years$818$550$360$231$146$84
36 years$786$522$337$213$132$75
37 years$756$496$316$196$120$67
38 years$728$471$295$181$108$59
39 years$702$448$277$167$98$53
40 years$677$426$259$154$89$47
41 years$653$406$243$142$81$42
42 years$630$386$228$131$73$37
43 years$609$368$214$121$67$33
44 years$588$351$201$112$60$29
45 years$569$335$189$103$55$26
46 years$550$319$177$95$50$23
47 years$532$305$167$88$45$21
48 years$515$291$157$81$41$18
49 years$499$278$147$75$37$16
50 years$483$265$138$69$34$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $495,000, adding $6,620 every year, while hoping to spend $37,147 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: 66/9/25 Blend
29$495,000$495,000$495,000$495,000
30$552,319$526,084$518,411$584,777
31$569,131$512,338$496,254$593,696
32$586,413$496,673$472,109$598,648
33$604,174$478,957$445,871$603,217
34$622,422$459,047$417,430$607,367
35$641,164$436,796$386,669$611,059
36$660,409$412,045$353,469$614,255
37$680,163$384,628$317,702$616,909
38$700,432$354,367$279,238$618,976
39$721,222$321,077$237,938$620,407
40$742,537$284,560$193,659$621,149
41$764,380$244,607$146,251$621,147
42$786,753$201,000$95,557$620,341
43$809,657$153,504$41,414$618,666
44$833,091$101,875$0$616,056
45$857,052$45,852$0$616,803
46$881,535$0$0$628,538
47$906,533$0$0$641,638
48$932,036$0$0$659,629
49$958,031$0$0$677,960
50$984,501$0$0$696,619
51$1,011,427$0$0$715,591
52$1,038,784$0$0$734,857
53$1,066,544$0$0$754,396
54$1,094,672$0$0$774,183
55$1,123,129$0$0$794,187
56$1,151,867$0$0$814,374
57$1,180,833$0$0$834,705
58$1,209,966$0$0$855,133
59$1,239,193$0$0$875,606
60$1,268,434$0$0$896,065
61$1,297,598$0$0$916,442
62$1,326,580$0$0$936,660
63$1,355,262$0$0$956,633
64$1,383,510$0$0$976,263
65$1,411,175$0$0$995,439
66$1,438,088$0$0$1,014,039
67$1,464,060$0$0$1,031,924
68$1,488,878$0$0$1,048,938
69$1,512,306$0$0$1,064,908
70$1,534,078$0$0$1,079,640
71$1,553,897$0$0$1,092,916
72$1,571,432$0$0$1,104,497
73$1,586,317$0$0$1,114,112
74$1,598,139$0$0$1,121,461
75$1,606,443$0$0$1,126,213
76$1,610,720$0$0$1,127,995
77$1,610,407$0$0$1,126,396
78$1,604,877$0$0$1,120,960
79$1,593,435$0$0$1,111,180
80$1,575,308$0$0$1,096,491
81$1,549,642$0$0$1,076,272
82$1,515,488$0$0$1,049,831
83$1,471,795$0$0$1,016,401
84$1,417,400$0$0$975,135
85$1,351,015$0$0$925,095
86$1,271,212$0$0$865,242
87$1,176,416$0$0$794,425
88$1,064,880$0$0$711,375
89$934,674$0$0$614,684
90$783,664$0$0$502,800
91$609,491$0$0$374,005
92$409,548$0$0$226,400
93$180,954$0$0$57,888
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0