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%19.3%
1 years$40,959$40,594$40,238$39,891$39,552$38,073
2 years$20,277$19,899$19,533$19,178$18,834$17,361
3 years$13,384$13,004$12,639$12,288$11,949$10,528
4 years$9,938$9,560$9,198$8,853$8,522$7,164
5 years$7,871$7,495$7,138$6,800$6,478$5,187
6 years$6,493$6,120$5,769$5,438$5,126$3,902
7 years$5,510$5,140$4,794$4,471$4,169$3,012
8 years$4,772$4,406$4,066$3,750$3,459$2,368
9 years$4,199$3,836$3,502$3,194$2,913$1,886
10 years$3,741$3,381$3,053$2,754$2,482$1,518
11 years$3,366$3,010$2,688$2,397$2,134$1,231
12 years$3,054$2,702$2,385$2,102$1,850$1,005
13 years$2,790$2,441$2,131$1,856$1,613$824
14 years$2,564$2,219$1,915$1,647$1,414$679
15 years$2,368$2,027$1,729$1,469$1,245$560
16 years$2,197$1,860$1,567$1,315$1,100$464
17 years$2,047$1,713$1,426$1,182$976$385
18 years$1,913$1,583$1,302$1,065$867$320
19 years$1,793$1,467$1,192$962$773$266
20 years$1,686$1,363$1,094$872$691$222
21 years$1,589$1,270$1,006$791$618$185
22 years$1,500$1,185$927$719$554$155
23 years$1,420$1,109$856$655$497$129
24 years$1,346$1,039$792$597$447$108
25 years$1,279$975$733$546$402$90
26 years$1,216$916$680$499$362$76
27 years$1,159$862$632$457$327$63
28 years$1,105$812$587$418$295$53
29 years$1,056$766$546$384$266$44
30 years$1,010$724$509$352$240$37
31 years$966$684$475$323$217$31
32 years$926$647$443$297$197$26
33 years$888$613$413$273$178$22
34 years$853$581$386$251$161$18
35 years$819$551$361$231$146$15
36 years$788$523$338$213$132$13
37 years$758$497$316$196$120$11
38 years$730$472$296$181$109$9
39 years$703$449$277$167$99$8
40 years$678$427$260$154$89$6
41 years$654$407$244$142$81$5
42 years$631$387$229$131$74$4
43 years$610$369$215$121$67$4
44 years$589$352$201$112$61$3
45 years$570$335$189$103$55$3
46 years$551$320$178$95$50$2
47 years$533$305$167$88$45$2
48 years$516$291$157$81$41$2
49 years$500$278$147$75$37$1
50 years$484$266$139$70$34$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $496,000, adding $3,375 every year, while hoping to spend $34,382 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: 66/24/10 Blend
29$496,000$496,000$496,000$496,000
30$550,073$523,785$516,097$584,999
31$569,599$512,869$496,804$597,760
32$589,963$500,265$475,713$607,314
33$611,216$485,854$452,726$616,866
34$633,411$469,512$427,743$626,414
35$656,605$451,104$400,659$635,954
36$680,860$430,490$371,362$645,485
37$706,244$407,520$339,739$655,007
38$732,829$382,036$305,668$664,520
39$760,693$353,872$269,024$674,027
40$789,923$322,851$229,675$683,531
41$820,611$288,787$187,485$693,041
42$852,858$251,482$142,311$702,563
43$886,774$210,728$94,002$712,111
44$922,476$166,306$42,403$721,700
45$960,096$117,982$0$731,348
46$999,774$65,511$0$742,430
47$1,041,665$8,635$0$758,541
48$1,085,935$0$0$775,202
49$1,132,769$0$0$806,453
50$1,182,366$0$0$841,977
51$1,234,945$0$0$879,652
52$1,290,744$0$0$919,651
53$1,350,024$0$0$962,164
54$1,413,071$0$0$1,007,398
55$1,480,197$0$0$1,055,578
56$1,551,744$0$0$1,106,955
57$1,628,087$0$0$1,161,798
58$1,709,636$0$0$1,220,406
59$1,796,840$0$0$1,283,106
60$1,890,194$0$0$1,350,255
61$1,990,236$0$0$1,422,246
62$2,097,562$0$0$1,499,509
63$2,212,820$0$0$1,582,517
64$2,336,726$0$0$1,671,789
65$2,470,064$0$0$1,767,893
66$2,613,695$0$0$1,871,457
67$2,768,564$0$0$1,983,166
68$2,935,710$0$0$2,103,775
69$3,116,274$0$0$2,234,113
70$3,311,512$0$0$2,375,092
71$3,522,801$0$0$2,527,714
72$3,751,658$0$0$2,693,079
73$3,999,748$0$0$2,872,399
74$4,268,904$0$0$3,067,006
75$4,561,141$0$0$3,278,364
76$4,878,676$0$0$3,508,083
77$5,223,946$0$0$3,757,937
78$5,599,636$0$0$4,029,874
79$6,008,695$0$0$4,326,042
80$6,454,372$0$0$4,648,799
81$6,940,241$0$0$5,000,745
82$7,470,235$0$0$5,384,739
83$8,048,685$0$0$5,803,929
84$8,680,356$0$0$6,261,780
85$9,370,495$0$0$6,762,105
86$10,124,877$0$0$7,309,105
87$10,949,862$0$0$7,907,403
88$11,852,451$0$0$8,562,090
89$12,840,353$0$0$9,278,771
90$13,922,059$0$0$10,063,618
91$15,106,917$0$0$10,923,430
92$16,405,221$0$0$11,865,693
93$17,828,310$0$0$12,898,650
94$19,388,672$0$0$14,031,383
95$21,100,060$0$0$15,273,893
96$22,977,623$0$0$16,637,195
97$25,038,045$0$0$18,133,422
98$27,299,707$0$0$19,775,941
99$29,782,853$0$0$21,579,473
100$32,509,786$0$0$23,560,236