Can I retire at age 30 with 497,000?

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 $497,000?

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$41,042$40,676$40,320$39,971$39,631$38,149
2 years$20,318$19,939$19,573$19,217$18,872$17,396
3 years$13,411$13,031$12,665$12,313$11,973$10,549
4 years$9,958$9,579$9,217$8,870$8,539$7,179
5 years$7,887$7,510$7,153$6,813$6,492$5,198
6 years$6,506$6,132$5,780$5,449$5,137$3,910
7 years$5,521$5,150$4,803$4,480$4,177$3,018
8 years$4,782$4,415$4,074$3,758$3,466$2,373
9 years$4,207$3,844$3,509$3,201$2,918$1,890
10 years$3,748$3,388$3,059$2,759$2,487$1,521
11 years$3,373$3,016$2,693$2,401$2,139$1,234
12 years$3,060$2,707$2,390$2,106$1,853$1,007
13 years$2,796$2,446$2,135$1,860$1,616$826
14 years$2,569$2,224$1,919$1,651$1,417$680
15 years$2,373$2,031$1,732$1,472$1,247$562
16 years$2,202$1,864$1,571$1,318$1,102$465
17 years$2,051$1,716$1,429$1,184$977$386
18 years$1,917$1,586$1,305$1,067$869$321
19 years$1,797$1,470$1,194$964$775$267
20 years$1,689$1,366$1,096$873$692$222
21 years$1,592$1,272$1,008$793$619$186
22 years$1,503$1,188$929$721$555$155
23 years$1,423$1,111$858$656$498$129
24 years$1,349$1,041$793$599$448$108
25 years$1,281$977$735$547$403$90
26 years$1,219$918$682$500$363$76
27 years$1,161$864$633$458$327$63
28 years$1,108$814$588$419$295$53
29 years$1,058$768$548$384$267$44
30 years$1,012$725$510$353$241$37
31 years$968$686$475$324$218$31
32 years$928$649$444$298$197$26
33 years$890$614$414$274$178$22
34 years$854$582$387$252$161$18
35 years$821$552$362$232$146$15
36 years$789$524$338$214$132$13
37 years$760$498$317$197$120$11
38 years$731$473$297$181$109$9
39 years$705$450$278$167$99$8
40 years$679$428$261$154$90$6
41 years$656$407$244$142$81$5
42 years$633$388$229$131$74$4
43 years$611$370$215$121$67$4
44 years$591$352$202$112$61$3
45 years$571$336$190$103$55$3
46 years$552$321$178$96$50$2
47 years$534$306$167$88$45$2
48 years$517$292$157$82$41$2
49 years$501$279$148$75$37$1
50 years$485$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 $497,000, adding $6,695 every year, while hoping to spend $27,388 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: 59/23/18 Blend
29$497,000$497,000$497,000$497,000
30$554,600$528,259$520,555$584,347
31$582,028$525,003$508,853$602,011
32$611,337$520,670$495,841$617,671
33$642,688$515,177$481,447$634,125
34$676,260$508,439$465,593$651,454
35$712,249$500,363$448,201$669,747
36$750,870$490,852$429,187$689,106
37$792,358$479,803$408,464$709,643
38$836,972$467,107$385,942$731,483
39$884,996$452,648$361,524$754,765
40$936,743$436,305$335,112$779,644
41$992,554$417,947$306,601$806,293
42$1,052,806$397,438$275,884$834,902
43$1,117,913$374,633$242,847$865,685
44$1,188,329$349,379$207,371$898,879
45$1,264,553$321,514$169,333$934,745
46$1,347,136$290,866$128,603$973,577
47$1,436,680$257,255$85,048$1,015,698
48$1,533,850$220,489$38,526$1,061,468
49$1,639,376$180,366$0$1,111,285
50$1,754,061$136,673$0$1,167,728
51$1,878,790$89,184$0$1,237,187
52$2,014,534$37,662$0$1,312,829
53$2,162,363$0$0$1,395,289
54$2,323,455$0$0$1,489,861
55$2,499,106$0$0$1,603,410
56$2,690,740$0$0$1,727,330
57$2,899,927$0$0$1,862,643
58$3,128,396$0$0$2,010,470
59$3,378,048$0$0$2,172,046
60$3,650,977$0$0$2,348,734
61$3,949,489$0$0$2,542,031
62$4,276,121$0$0$2,753,586
63$4,633,668$0$0$2,985,217
64$5,025,210$0$0$3,238,923
65$5,454,134$0$0$3,516,907
66$5,924,173$0$0$3,821,595
67$6,439,438$0$0$4,155,660
68$7,004,457$0$0$4,522,043
69$7,624,216$0$0$4,923,987
70$8,304,208$0$0$5,365,060
71$9,050,482$0$0$5,849,196
72$9,869,702$0$0$6,380,726
73$10,769,208$0$0$6,964,422
74$11,757,088$0$0$7,605,540
75$12,842,248$0$0$8,309,871
76$14,034,501$0$0$9,083,793
77$15,344,658$0$0$9,934,335
78$16,784,628$0$0$10,869,237
79$18,367,532$0$0$11,897,030
80$20,107,824$0$0$13,027,110
81$22,021,430$0$0$14,269,831
82$24,125,897$0$0$15,636,599
83$26,440,554$0$0$17,139,982
84$28,986,702$0$0$18,793,825
85$31,787,808$0$0$20,613,386
86$34,869,726$0$0$22,615,474
87$38,260,947$0$0$24,818,610
88$41,992,859$0$0$27,243,201
89$46,100,049$0$0$29,911,733
90$50,620,626$0$0$32,848,981
91$55,596,580$0$0$36,082,246
92$61,074,180$0$0$39,641,607
93$67,104,408$0$0$43,560,211
94$73,743,440$0$0$47,874,580
95$81,053,176$0$0$52,624,959
96$89,101,824$0$0$57,855,692
97$97,964,543$0$0$63,615,644
98$107,724,151$0$0$69,958,659
99$118,471,906$0$0$76,944,070
100$130,308,370$0$0$84,637,255