Can I retire at age 30 with 495,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%15.7%
1 years$40,877$40,513$40,157$39,811$39,472$38,549
2 years$20,236$19,859$19,494$19,140$18,796$17,872
3 years$13,357$12,978$12,614$12,263$11,925$11,028
4 years$9,918$9,540$9,180$8,835$8,505$7,642
5 years$7,855$7,480$7,124$6,786$6,465$5,639
6 years$6,480$6,108$5,757$5,427$5,116$4,327
7 years$5,498$5,129$4,784$4,462$4,161$3,409
8 years$4,763$4,397$4,057$3,743$3,452$2,737
9 years$4,190$3,828$3,495$3,188$2,907$2,229
10 years$3,733$3,374$3,047$2,748$2,477$1,835
11 years$3,359$3,004$2,682$2,392$2,130$1,523
12 years$3,048$2,696$2,380$2,098$1,846$1,273
13 years$2,784$2,437$2,127$1,852$1,610$1,070
14 years$2,559$2,215$1,911$1,644$1,411$903
15 years$2,364$2,023$1,725$1,466$1,242$765
16 years$2,193$1,856$1,564$1,313$1,098$650
17 years$2,043$1,710$1,423$1,180$974$554
18 years$1,909$1,580$1,299$1,063$866$473
19 years$1,790$1,464$1,189$961$772$404
20 years$1,682$1,360$1,092$870$689$346
21 years$1,585$1,267$1,004$790$617$297
22 years$1,497$1,183$925$718$553$255
23 years$1,417$1,106$854$654$496$219
24 years$1,344$1,037$790$596$446$188
25 years$1,276$973$732$545$401$162
26 years$1,214$914$679$498$362$140
27 years$1,157$860$630$456$326$120
28 years$1,103$811$586$418$294$104
29 years$1,054$765$545$383$266$89
30 years$1,008$722$508$351$240$77
31 years$965$683$474$323$217$67
32 years$924$646$442$297$196$57
33 years$886$612$413$273$178$50
34 years$851$580$385$251$161$43
35 years$818$550$360$231$146$37
36 years$786$522$337$213$132$32
37 years$756$496$316$196$120$28
38 years$728$471$295$181$108$24
39 years$702$448$277$167$98$21
40 years$677$426$259$154$89$18
41 years$653$406$243$142$81$15
42 years$630$386$228$131$73$13
43 years$609$368$214$121$67$11
44 years$588$351$201$112$60$10
45 years$569$335$189$103$55$9
46 years$550$319$177$95$50$7
47 years$532$305$167$88$45$6
48 years$515$291$157$81$41$6
49 years$499$278$147$75$37$5
50 years$483$265$138$69$34$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $495,000, adding $3,007 every year, while hoping to spend $34,789 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: 41/31/28 Blend
29$495,000$495,000$495,000$495,000
30$548,592$522,357$514,684$566,463
31$567,533$510,937$494,911$568,249
32$587,240$497,792$473,309$566,705
33$607,755$482,800$449,781$564,370
34$629,121$465,832$424,224$561,193
35$651,387$446,754$396,532$557,120
36$674,605$425,421$366,591$552,096
37$698,828$401,680$334,286$546,063
38$724,119$375,373$299,495$538,960
39$750,540$346,327$262,089$530,724
40$778,162$314,364$221,936$521,290
41$807,060$279,293$178,896$510,589
42$837,315$240,914$132,825$498,552
43$869,017$199,014$83,570$485,106
44$902,261$153,370$30,973$470,174
45$937,150$103,744$0$453,681
46$973,798$49,886$0$443,060
47$1,012,328$0$0$441,079
48$1,052,872$0$0$441,331
49$1,095,576$0$0$459,542
50$1,140,599$0$0$478,768
51$1,188,112$0$0$499,083
52$1,238,304$0$0$520,572
53$1,291,378$0$0$543,326
54$1,347,560$0$0$567,445
55$1,407,092$0$0$593,039
56$1,470,242$0$0$620,226
57$1,537,302$0$0$649,137
58$1,608,590$0$0$679,915
59$1,684,456$0$0$712,716
60$1,765,282$0$0$747,711
61$1,851,485$0$0$785,089
62$1,943,526$0$0$825,054
63$2,041,904$0$0$867,831
64$2,147,172$0$0$913,669
65$2,259,932$0$0$962,838
66$2,380,847$0$0$1,015,635
67$2,510,643$0$0$1,072,386
68$2,650,117$0$0$1,133,451
69$2,800,143$0$0$1,199,223
70$2,961,684$0$0$1,270,133
71$3,135,794$0$0$1,346,657
72$3,323,631$0$0$1,429,316
73$3,526,469$0$0$1,518,683
74$3,745,708$0$0$1,615,387
75$3,982,884$0$0$1,720,123
76$4,239,688$0$0$1,833,650
77$4,517,978$0$0$1,956,807
78$4,819,799$0$0$2,090,513
79$5,147,395$0$0$2,235,782
80$5,503,241$0$0$2,393,728
81$5,890,052$0$0$2,565,576
82$6,310,822$0$0$2,752,674
83$6,768,839$0$0$2,956,507
84$7,267,725$0$0$3,178,707
85$7,811,464$0$0$3,421,072
86$8,404,440$0$0$3,685,579
87$9,051,481$0$0$3,974,406
88$9,757,899$0$0$4,289,950
89$10,529,541$0$0$4,634,849
90$11,372,844$0$0$5,012,008
91$12,294,898$0$0$5,424,627
92$13,303,505$0$0$5,876,226
93$14,407,257$0$0$6,370,685
94$15,615,616$0$0$6,912,273
95$16,939,000$0$0$7,505,695
96$18,388,883$0$0$8,156,129
97$19,977,901$0$0$8,869,280
98$21,719,968$0$0$9,651,431
99$23,630,413$0$0$10,509,503
100$25,726,117$0$0$11,451,117