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%13.9%
1 years$40,877$40,513$40,157$39,811$39,472$38,834
2 years$20,236$19,859$19,494$19,140$18,796$18,155
3 years$13,357$12,978$12,614$12,263$11,925$11,301
4 years$9,918$9,540$9,180$8,835$8,505$7,903
5 years$7,855$7,480$7,124$6,786$6,465$5,887
6 years$6,480$6,108$5,757$5,427$5,116$4,561
7 years$5,498$5,129$4,784$4,462$4,161$3,630
8 years$4,763$4,397$4,057$3,743$3,452$2,945
9 years$4,190$3,828$3,495$3,188$2,907$2,425
10 years$3,733$3,374$3,047$2,748$2,477$2,018
11 years$3,359$3,004$2,682$2,392$2,130$1,694
12 years$3,048$2,696$2,380$2,098$1,846$1,433
13 years$2,784$2,437$2,127$1,852$1,610$1,218
14 years$2,559$2,215$1,911$1,644$1,411$1,041
15 years$2,364$2,023$1,725$1,466$1,242$893
16 years$2,193$1,856$1,564$1,313$1,098$769
17 years$2,043$1,710$1,423$1,180$974$663
18 years$1,909$1,580$1,299$1,063$866$574
19 years$1,790$1,464$1,189$961$772$497
20 years$1,682$1,360$1,092$870$689$432
21 years$1,585$1,267$1,004$790$617$375
22 years$1,497$1,183$925$718$553$327
23 years$1,417$1,106$854$654$496$285
24 years$1,344$1,037$790$596$446$248
25 years$1,276$973$732$545$401$217
26 years$1,214$914$679$498$362$189
27 years$1,157$860$630$456$326$166
28 years$1,103$811$586$418$294$145
29 years$1,054$765$545$383$266$127
30 years$1,008$722$508$351$240$111
31 years$965$683$474$323$217$97
32 years$924$646$442$297$196$85
33 years$886$612$413$273$178$75
34 years$851$580$385$251$161$65
35 years$818$550$360$231$146$57
36 years$786$522$337$213$132$50
37 years$756$496$316$196$120$44
38 years$728$471$295$181$108$39
39 years$702$448$277$167$98$34
40 years$677$426$259$154$89$30
41 years$653$406$243$142$81$26
42 years$630$386$228$131$73$23
43 years$609$368$214$121$67$20
44 years$588$351$201$112$60$18
45 years$569$335$189$103$55$15
46 years$550$319$177$95$50$14
47 years$532$305$167$88$45$12
48 years$515$291$157$81$41$10
49 years$499$278$147$75$37$9
50 years$483$265$138$69$34$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $495,000, adding $3,570 every year, while hoping to spend $33,296 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: 68/17/15 Blend
29$495,000$495,000$495,000$495,000
30$549,172$522,937$515,265$584,358
31$569,761$513,135$497,100$598,457
32$591,334$501,736$477,210$609,599
33$613,957$488,627$455,503$620,944
34$637,699$473,689$431,881$632,508
35$662,639$456,794$406,243$644,310
36$688,859$437,807$378,483$656,374
37$716,450$416,588$348,490$668,723
38$745,512$392,984$316,148$681,389
39$776,151$366,837$281,336$694,404
40$808,485$337,979$243,928$707,807
41$842,642$306,232$203,791$721,641
42$878,761$271,407$160,788$735,956
43$916,995$233,306$114,774$750,809
44$957,510$191,719$65,600$766,264
45$1,000,487$146,424$13,109$782,392
46$1,046,125$97,187$0$799,277
47$1,094,641$43,761$0$823,876
48$1,146,273$0$0$852,113
49$1,201,280$0$0$884,674
50$1,259,948$0$0$928,148
51$1,322,589$0$0$974,585
52$1,389,544$0$0$1,024,238
53$1,461,188$0$0$1,077,388
54$1,537,931$0$0$1,134,344
55$1,620,226$0$0$1,195,441
56$1,708,565$0$0$1,261,050
57$1,803,491$0$0$1,331,577
58$1,905,601$0$0$1,407,467
59$2,015,548$0$0$1,489,211
60$2,134,050$0$0$1,577,345
61$2,261,895$0$0$1,672,460
62$2,399,952$0$0$1,775,205
63$2,549,172$0$0$1,886,292
64$2,710,601$0$0$2,006,507
65$2,885,391$0$0$2,136,709
66$3,074,806$0$0$2,277,846
67$3,280,238$0$0$2,430,960
68$3,503,215$0$0$2,597,196
69$3,745,420$0$0$2,777,814
70$4,008,704$0$0$2,974,199
71$4,295,102$0$0$3,187,877
72$4,606,854$0$0$3,420,524
73$4,946,425$0$0$3,673,987
74$5,316,527$0$0$3,950,298
75$5,720,144$0$0$4,251,691
76$6,160,563$0$0$4,580,629
77$6,641,398$0$0$4,939,818
78$7,166,631$0$0$5,332,242
79$7,740,644$0$0$5,761,183
80$8,368,262$0$0$6,230,255
81$9,054,795$0$0$6,743,437
82$9,806,094$0$0$7,305,112
83$10,628,598$0$0$7,920,103
84$11,529,399$0$0$8,593,724
85$12,516,308$0$0$9,331,827
86$13,597,925$0$0$10,140,854
87$14,783,722$0$0$11,027,904
88$16,084,134$0$0$12,000,792
89$17,510,651$0$0$13,068,128
90$19,075,929$0$0$14,239,395
91$20,793,910$0$0$15,525,037
92$22,679,950$0$0$16,936,563
93$24,750,966$0$0$18,486,644
94$27,025,592$0$0$20,189,245
95$29,524,356$0$0$22,059,745
96$32,269,872$0$0$24,115,089
97$35,287,052$0$0$26,373,943
98$38,603,343$0$0$28,856,873
99$42,248,981$0$0$31,586,534
100$46,257,279$0$0$34,587,887