Can I retire at age 30 with 497,000?

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 $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%14%
1 years$41,042$40,676$40,320$39,971$39,631$38,975
2 years$20,318$19,939$19,573$19,217$18,872$18,213
3 years$13,411$13,031$12,665$12,313$11,973$11,331
4 years$9,958$9,579$9,217$8,870$8,539$7,920
5 years$7,887$7,510$7,153$6,813$6,492$5,896
6 years$6,506$6,132$5,780$5,449$5,137$4,566
7 years$5,521$5,150$4,803$4,480$4,177$3,632
8 years$4,782$4,415$4,074$3,758$3,466$2,945
9 years$4,207$3,844$3,509$3,201$2,918$2,423
10 years$3,748$3,388$3,059$2,759$2,487$2,016
11 years$3,373$3,016$2,693$2,401$2,139$1,691
12 years$3,060$2,707$2,390$2,106$1,853$1,429
13 years$2,796$2,446$2,135$1,860$1,616$1,215
14 years$2,569$2,224$1,919$1,651$1,417$1,037
15 years$2,373$2,031$1,732$1,472$1,247$889
16 years$2,202$1,864$1,571$1,318$1,102$765
17 years$2,051$1,716$1,429$1,184$977$659
18 years$1,917$1,586$1,305$1,067$869$570
19 years$1,797$1,470$1,194$964$775$494
20 years$1,689$1,366$1,096$873$692$428
21 years$1,592$1,272$1,008$793$619$372
22 years$1,503$1,188$929$721$555$324
23 years$1,423$1,111$858$656$498$282
24 years$1,349$1,041$793$599$448$246
25 years$1,281$977$735$547$403$214
26 years$1,219$918$682$500$363$187
27 years$1,161$864$633$458$327$163
28 years$1,108$814$588$419$295$143
29 years$1,058$768$548$384$267$125
30 years$1,012$725$510$353$241$109
31 years$968$686$475$324$218$96
32 years$928$649$444$298$197$84
33 years$890$614$414$274$178$73
34 years$854$582$387$252$161$64
35 years$821$552$362$232$146$56
36 years$789$524$338$214$132$49
37 years$760$498$317$197$120$43
38 years$731$473$297$181$109$38
39 years$705$450$278$167$99$33
40 years$679$428$261$154$90$29
41 years$656$407$244$142$81$25
42 years$633$388$229$131$74$22
43 years$611$370$215$121$67$20
44 years$591$352$202$112$61$17
45 years$571$336$190$103$55$15
46 years$552$321$178$96$50$13
47 years$534$306$167$88$45$12
48 years$517$292$157$82$41$10
49 years$501$279$148$75$37$9
50 years$485$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 $497,000, adding $2,606 every year, while hoping to spend $22,000 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: 77/18/5 Blend
29$497,000$497,000$497,000$497,000
30$550,382$524,041$516,338$592,413
31$583,113$526,311$510,227$622,623
32$618,446$527,955$503,174$652,616
33$656,621$528,919$495,125$684,843
34$697,906$529,146$486,022$719,517
35$742,593$528,575$475,804$756,872
36$791,004$527,141$464,409$797,165
37$843,491$524,775$451,771$840,679
38$900,443$521,406$437,822$887,728
39$962,289$516,955$422,490$938,655
40$1,029,498$511,341$405,698$993,841
41$1,102,587$504,478$387,370$1,053,704
42$1,182,126$496,273$367,422$1,118,706
43$1,268,741$486,628$345,769$1,189,354
44$1,363,121$475,441$322,321$1,266,211
45$1,466,025$462,602$296,983$1,349,893
46$1,578,286$447,997$269,659$1,441,082
47$1,700,823$431,501$240,245$1,540,530
48$1,834,648$412,986$208,634$1,649,065
49$1,980,875$392,314$174,715$1,767,599
50$2,140,727$369,341$138,372$1,897,139
51$2,315,556$343,913$99,482$2,038,795
52$2,506,846$315,868$57,917$2,193,791
53$2,716,233$285,034$13,547$2,363,476
54$2,945,519$251,231$0$2,549,336
55$3,196,688$214,267$0$2,754,816
56$3,471,923$173,939$0$2,980,808
57$3,773,631$130,035$0$3,228,589
58$4,104,462$82,327$0$3,500,366
59$4,467,335$30,579$0$3,798,570
60$4,865,463$0$0$4,125,882
61$5,302,388$0$0$4,490,299
62$5,782,010$0$0$4,896,994
63$6,308,624$0$0$5,343,555
64$6,886,964$0$0$5,833,999
65$7,522,243$0$0$6,372,747
66$8,220,204$0$0$6,964,674
67$8,987,173$0$0$7,615,148
68$9,830,121$0$0$8,330,082
69$10,756,727$0$0$9,115,993
70$11,775,451$0$0$9,980,058
71$12,895,613$0$0$10,930,186
72$14,127,483$0$0$11,975,090
73$15,482,373$0$0$13,124,370
74$16,972,749$0$0$14,388,603
75$18,612,346$0$0$15,779,443
76$20,416,296$0$0$17,309,729
77$22,401,271$0$0$18,993,609
78$24,585,643$0$0$20,846,671
79$26,989,654$0$0$22,886,090
80$29,635,606$0$0$25,130,792
81$32,548,075$0$0$27,601,628
82$35,754,139$0$0$30,321,575
83$39,283,636$0$0$33,315,951
84$43,169,443$0$0$36,612,654
85$47,447,787$0$0$40,242,421
86$52,158,586$0$0$44,239,127
87$57,345,827$0$0$48,640,094
88$63,057,979$0$0$53,486,449
89$69,348,452$0$0$58,823,512
90$76,276,097$0$0$64,701,222
91$83,905,766$0$0$71,174,605
92$92,308,921$0$0$78,304,300
93$101,564,308$0$0$86,157,126
94$111,758,701$0$0$94,806,712
95$122,987,719$0$0$104,334,195
96$135,356,730$0$0$114,828,982
97$148,981,844$0$0$126,389,599
98$163,991,010$0$0$139,124,612
99$180,525,222$0$0$153,153,659
100$198,739,847$0$0$168,608,577