Can I retire at age 30 with 496,000?

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 $496,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.8%
1 years$40,959$40,594$40,238$39,891$39,552$38,929
2 years$20,277$19,899$19,533$19,178$18,834$18,208
3 years$13,384$13,004$12,639$12,288$11,949$11,339
4 years$9,938$9,560$9,198$8,853$8,522$7,934
5 years$7,871$7,495$7,138$6,800$6,478$5,913
6 years$6,493$6,120$5,769$5,438$5,126$4,584
7 years$5,510$5,140$4,794$4,471$4,169$3,650
8 years$4,772$4,406$4,066$3,750$3,459$2,963
9 years$4,199$3,836$3,502$3,194$2,913$2,441
10 years$3,741$3,381$3,053$2,754$2,482$2,033
11 years$3,366$3,010$2,688$2,397$2,134$1,708
12 years$3,054$2,702$2,385$2,102$1,850$1,445
13 years$2,790$2,441$2,131$1,856$1,613$1,230
14 years$2,564$2,219$1,915$1,647$1,414$1,051
15 years$2,368$2,027$1,729$1,469$1,245$903
16 years$2,197$1,860$1,567$1,315$1,100$777
17 years$2,047$1,713$1,426$1,182$976$671
18 years$1,913$1,583$1,302$1,065$867$581
19 years$1,793$1,467$1,192$962$773$504
20 years$1,686$1,363$1,094$872$691$438
21 years$1,589$1,270$1,006$791$618$381
22 years$1,500$1,185$927$719$554$332
23 years$1,420$1,109$856$655$497$290
24 years$1,346$1,039$792$597$447$253
25 years$1,279$975$733$546$402$221
26 years$1,216$916$680$499$362$193
27 years$1,159$862$632$457$327$169
28 years$1,105$812$587$418$295$148
29 years$1,056$766$546$384$266$130
30 years$1,010$724$509$352$240$113
31 years$966$684$475$323$217$99
32 years$926$647$443$297$197$87
33 years$888$613$413$273$178$76
34 years$853$581$386$251$161$67
35 years$819$551$361$231$146$59
36 years$788$523$338$213$132$52
37 years$758$497$316$196$120$45
38 years$730$472$296$181$109$40
39 years$703$449$277$167$99$35
40 years$678$427$260$154$89$31
41 years$654$407$244$142$81$27
42 years$631$387$229$131$74$24
43 years$610$369$215$121$67$21
44 years$589$352$201$112$61$18
45 years$570$335$189$103$55$16
46 years$551$320$178$95$50$14
47 years$533$305$167$88$45$12
48 years$516$291$157$81$41$11
49 years$500$278$147$75$37$10
50 years$484$266$139$70$34$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $496,000, adding $4,474 every year, while hoping to spend $26,444 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: 72/8/20 Blend
29$496,000$496,000$496,000$496,000
30$551,207$524,919$517,231$587,925
31$579,294$522,504$506,422$610,526
32$609,359$519,084$494,365$631,676
33$641,577$514,582$480,989$654,174
34$676,138$508,917$466,223$678,148
35$713,252$502,002$449,989$703,741
36$753,148$493,744$432,207$731,112
37$796,078$484,047$412,796$760,435
38$842,320$472,807$391,666$791,904
39$892,177$459,915$368,727$825,732
40$945,984$445,255$343,884$862,155
41$1,004,107$428,706$317,037$901,433
42$1,066,951$410,137$288,083$943,853
43$1,134,957$389,411$256,911$989,735
44$1,208,615$366,384$223,410$1,039,429
45$1,288,459$340,903$187,459$1,093,323
46$1,375,079$312,804$148,936$1,151,845
47$1,469,124$281,918$107,712$1,215,469
48$1,571,304$248,062$63,651$1,284,717
49$1,682,406$211,045$16,611$1,360,166
50$1,803,291$170,667$0$1,442,454
51$1,934,909$126,711$0$1,539,452
52$2,078,304$78,954$0$1,649,017
53$2,234,625$27,157$0$1,768,493
54$2,405,138$0$0$1,898,863
55$2,591,234$0$0$2,043,754
56$2,794,446$0$0$2,204,606
57$3,016,461$0$0$2,380,364
58$3,259,137$0$0$2,572,503
59$3,524,518$0$0$2,782,644
60$3,814,856$0$0$3,012,573
61$4,132,630$0$0$3,264,258
62$4,480,569$0$0$3,539,862
63$4,861,680$0$0$3,841,772
64$5,279,274$0$0$4,172,614
65$5,736,996$0$0$4,535,279
66$6,238,861$0$0$4,932,954
67$6,789,292$0$0$5,369,146
68$7,393,160$0$0$5,847,720
69$8,055,831$0$0$6,372,932
70$8,783,214$0$0$6,949,472
71$9,581,819$0$0$7,582,504
72$10,458,818$0$0$8,277,717
73$11,422,109$0$0$9,041,378
74$12,480,396$0$0$9,880,392
75$13,643,265$0$0$10,802,364
76$14,921,277$0$0$11,815,673
77$16,326,069$0$0$12,929,551
78$17,870,457$0$0$14,154,169
79$19,568,566$0$0$15,500,730
80$21,435,955$0$0$16,981,580
81$23,489,766$0$0$18,610,319
82$25,748,888$0$0$20,401,933
83$28,234,129$0$0$22,372,933
84$30,968,419$0$0$24,541,509
85$33,977,021$0$0$26,927,707
86$37,287,769$0$0$29,553,610
87$40,931,334$0$0$32,443,552
88$44,941,509$0$0$35,624,346
89$49,355,531$0$0$39,125,535
90$54,214,427$0$0$42,979,671
91$59,563,406$0$0$47,222,624
92$65,452,284$0$0$51,893,918
93$71,935,949$0$0$57,037,103
94$79,074,885$0$0$62,700,168
95$86,935,739$0$0$68,935,993
96$95,591,950$0$0$75,802,844
97$105,124,440$0$0$83,364,928
98$115,622,380$0$0$91,692,997
99$127,184,031$0$0$100,865,010
100$139,917,668$0$0$110,966,878