Can I retire at age 30 with 499,000?

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 $499,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.3%
1 years$41,207$40,840$40,482$40,132$39,791$39,573
2 years$20,399$20,020$19,651$19,294$18,948$18,729
3 years$13,465$13,083$12,716$12,362$12,021$11,807
4 years$9,998$9,617$9,254$8,906$8,574$8,366
5 years$7,918$7,540$7,181$6,841$6,518$6,317
6 years$6,532$6,157$5,804$5,471$5,157$4,963
7 years$5,543$5,171$4,823$4,498$4,194$4,008
8 years$4,801$4,432$4,090$3,773$3,479$3,301
9 years$4,224$3,859$3,523$3,214$2,930$2,759
10 years$3,763$3,402$3,071$2,770$2,497$2,333
11 years$3,386$3,028$2,704$2,411$2,147$1,990
12 years$3,072$2,718$2,400$2,115$1,861$1,711
13 years$2,807$2,456$2,144$1,867$1,623$1,480
14 years$2,580$2,233$1,926$1,657$1,422$1,286
15 years$2,383$2,040$1,739$1,478$1,252$1,123
16 years$2,211$1,871$1,577$1,323$1,107$984
17 years$2,059$1,723$1,435$1,189$981$865
18 years$1,924$1,592$1,310$1,072$873$762
19 years$1,804$1,476$1,199$968$778$673
20 years$1,696$1,371$1,100$877$695$595
21 years$1,598$1,277$1,012$796$622$528
22 years$1,509$1,192$933$724$557$469
23 years$1,429$1,115$861$659$500$417
24 years$1,355$1,045$797$601$450$371
25 years$1,286$981$738$549$405$330
26 years$1,224$922$684$502$364$295
27 years$1,166$867$635$459$329$263
28 years$1,112$817$591$421$296$235
29 years$1,062$771$550$386$268$210
30 years$1,016$728$512$354$242$188
31 years$972$688$477$325$219$168
32 years$932$651$445$299$198$150
33 years$894$617$416$275$179$135
34 years$858$585$389$253$162$121
35 years$824$554$363$233$147$108
36 years$793$526$340$214$133$97
37 years$763$500$318$198$121$87
38 years$734$475$298$182$109$78
39 years$708$452$279$168$99$70
40 years$682$430$262$155$90$63
41 years$658$409$245$143$82$56
42 years$635$390$230$132$74$50
43 years$614$371$216$122$67$45
44 years$593$354$203$112$61$41
45 years$573$337$190$104$55$36
46 years$554$322$179$96$50$33
47 years$536$307$168$89$46$29
48 years$519$293$158$82$41$26
49 years$503$280$148$76$38$24
50 years$487$268$139$70$34$21

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $499,000, adding $3,868 every year, while hoping to spend $48,615 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: 49/21/30 Blend
29$499,000$499,000$499,000$499,000
30$553,888$527,441$519,706$576,133
31$558,658$501,559$485,391$566,286
32$562,286$472,781$448,296$550,518
33$564,603$440,911$408,278$532,459
34$565,423$405,746$365,185$511,917
35$564,538$367,069$318,861$488,682
36$561,719$324,653$269,140$462,529
37$556,709$278,256$215,851$433,215
38$549,226$227,623$158,815$400,474
39$538,954$172,484$97,843$364,019
40$525,547$112,555$32,740$323,539
41$508,619$47,536$0$278,698
42$487,742$0$0$240,886
43$462,443$0$0$215,186
44$432,200$0$0$197,768
45$396,434$0$0$177,334
46$354,504$0$0$153,535
47$305,704$0$0$125,990
48$249,249$0$0$94,275
49$184,275$0$0$57,920
50$109,826$0$0$16,410
51$24,847$0$0$0
52$0$0$0$0
53$0$0$0$0
54$0$0$0$0
55$0$0$0$0
56$0$0$0$0
57$0$0$0$0
58$0$0$0$0
59$0$0$0$0
60$0$0$0$0
61$0$0$0$0
62$0$0$0$0
63$0$0$0$0
64$0$0$0$0
65$0$0$0$0
66$0$0$0$0
67$0$0$0$0
68$0$0$0$0
69$0$0$0$0
70$0$0$0$0
71$0$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0