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%13.6%
1 years$41,042$40,676$40,320$39,971$39,631$39,039
2 years$20,318$19,939$19,573$19,217$18,872$18,277
3 years$13,411$13,031$12,665$12,313$11,973$11,393
4 years$9,958$9,579$9,217$8,870$8,539$7,979
5 years$7,887$7,510$7,153$6,813$6,492$5,953
6 years$6,506$6,132$5,780$5,449$5,137$4,620
7 years$5,521$5,150$4,803$4,480$4,177$3,683
8 years$4,782$4,415$4,074$3,758$3,466$2,994
9 years$4,207$3,844$3,509$3,201$2,918$2,469
10 years$3,748$3,388$3,059$2,759$2,487$2,059
11 years$3,373$3,016$2,693$2,401$2,139$1,732
12 years$3,060$2,707$2,390$2,106$1,853$1,467
13 years$2,796$2,446$2,135$1,860$1,616$1,250
14 years$2,569$2,224$1,919$1,651$1,417$1,070
15 years$2,373$2,031$1,732$1,472$1,247$920
16 years$2,202$1,864$1,571$1,318$1,102$793
17 years$2,051$1,716$1,429$1,184$977$686
18 years$1,917$1,586$1,305$1,067$869$595
19 years$1,797$1,470$1,194$964$775$517
20 years$1,689$1,366$1,096$873$692$450
21 years$1,592$1,272$1,008$793$619$392
22 years$1,503$1,188$929$721$555$342
23 years$1,423$1,111$858$656$498$299
24 years$1,349$1,041$793$599$448$261
25 years$1,281$977$735$547$403$228
26 years$1,219$918$682$500$363$200
27 years$1,161$864$633$458$327$175
28 years$1,108$814$588$419$295$154
29 years$1,058$768$548$384$267$135
30 years$1,012$725$510$353$241$118
31 years$968$686$475$324$218$104
32 years$928$649$444$298$197$91
33 years$890$614$414$274$178$80
34 years$854$582$387$252$161$70
35 years$821$552$362$232$146$62
36 years$789$524$338$214$132$54
37 years$760$498$317$197$120$48
38 years$731$473$297$181$109$42
39 years$705$450$278$167$99$37
40 years$679$428$261$154$90$33
41 years$656$407$244$142$81$29
42 years$633$388$229$131$74$25
43 years$611$370$215$121$67$22
44 years$591$352$202$112$61$19
45 years$571$336$190$103$55$17
46 years$552$321$178$96$50$15
47 years$534$306$167$88$45$13
48 years$517$292$157$82$41$12
49 years$501$279$148$75$37$10
50 years$485$266$139$70$34$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $497,000, adding $2,695 every year, while hoping to spend $24,840 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: 56/39/5 Blend
29$497,000$497,000$497,000$497,000
30$550,474$524,133$516,429$580,606
31$580,193$523,386$507,300$600,445
32$612,110$521,770$497,033$619,015
33$646,425$519,216$485,562$638,620
34$683,353$515,650$472,822$659,362
35$723,135$510,997$458,741$681,351
36$766,032$505,173$443,246$704,714
37$812,332$498,091$426,260$729,588
38$862,352$489,660$407,702$756,126
39$916,440$479,781$387,488$784,499
40$974,977$468,351$365,529$814,896
41$1,038,385$455,260$341,735$847,527
42$1,107,125$440,393$316,008$882,624
43$1,181,706$423,626$288,248$920,447
44$1,262,686$404,830$258,350$961,281
45$1,350,680$383,867$226,205$1,005,443
46$1,446,365$360,591$191,698$1,053,287
47$1,550,483$334,849$154,709$1,105,201
48$1,663,854$306,479$115,113$1,161,618
49$1,787,378$275,308$72,781$1,223,017
50$1,922,047$241,154$27,575$1,289,929
51$2,068,952$203,826$0$1,362,940
52$2,229,292$163,121$0$1,443,805
53$2,404,391$118,824$0$1,533,781
54$2,595,702$70,710$0$1,632,203
55$2,804,828$18,540$0$1,739,960
56$3,033,533$0$0$1,858,037
57$3,283,757$0$0$2,003,807
58$3,557,640$0$0$2,172,112
59$3,857,536$0$0$2,356,447
60$4,186,037$0$0$2,558,412
61$4,545,998$0$0$2,779,768
62$4,940,565$0$0$3,022,455
63$5,373,200$0$0$3,288,609
64$5,847,717$0$0$3,580,583
65$6,368,319$0$0$3,900,970
66$6,939,632$0$0$4,252,624
67$7,566,755$0$0$4,638,690
68$8,255,301$0$0$5,062,632
69$9,011,456$0$0$5,528,266
70$9,842,033$0$0$6,039,796
71$10,754,539$0$0$6,601,853
72$11,757,242$0$0$7,219,539
73$12,859,251$0$0$7,898,474
74$14,070,602$0$0$8,644,850
75$15,402,352$0$0$9,465,490
76$16,866,682$0$0$10,367,910
77$18,477,012$0$0$11,360,390
78$20,248,129$0$0$12,452,053
79$22,196,323$0$0$13,652,954
80$24,339,543$0$0$14,974,165
81$26,697,567$0$0$16,427,892
82$29,292,184$0$0$18,027,579
83$32,147,403$0$0$19,788,042
84$35,289,678$0$0$21,725,603
85$38,748,157$0$0$23,858,251
86$42,554,957$0$0$26,205,802
87$46,745,468$0$0$28,790,095
88$51,358,682$0$0$31,635,191
89$56,437,568$0$0$34,767,606
90$62,029,469$0$0$38,216,554
91$68,186,555$0$0$42,014,228
92$74,966,311$0$0$46,196,102
93$82,432,081$0$0$50,801,264
94$90,653,665$0$0$55,872,787
95$99,707,976$0$0$61,458,135
96$109,679,768$0$0$67,609,606
97$120,662,432$0$0$74,384,835
98$132,758,880$0$0$81,847,327
99$146,082,516$0$0$90,067,062
100$160,758,303$0$0$99,121,158