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%18.3%
1 years$41,207$40,840$40,482$40,132$39,791$38,456
2 years$20,399$20,020$19,651$19,294$18,948$17,616
3 years$13,465$13,083$12,716$12,362$12,021$10,734
4 years$9,998$9,617$9,254$8,906$8,574$7,342
5 years$7,918$7,540$7,181$6,841$6,518$5,344
6 years$6,532$6,157$5,804$5,471$5,157$4,042
7 years$5,543$5,171$4,823$4,498$4,194$3,138
8 years$4,801$4,432$4,090$3,773$3,479$2,481
9 years$4,224$3,859$3,523$3,214$2,930$1,989
10 years$3,763$3,402$3,071$2,770$2,497$1,611
11 years$3,386$3,028$2,704$2,411$2,147$1,315
12 years$3,072$2,718$2,400$2,115$1,861$1,081
13 years$2,807$2,456$2,144$1,867$1,623$892
14 years$2,580$2,233$1,926$1,657$1,422$740
15 years$2,383$2,040$1,739$1,478$1,252$615
16 years$2,211$1,871$1,577$1,323$1,107$513
17 years$2,059$1,723$1,435$1,189$981$429
18 years$1,924$1,592$1,310$1,072$873$359
19 years$1,804$1,476$1,199$968$778$301
20 years$1,696$1,371$1,100$877$695$253
21 years$1,598$1,277$1,012$796$622$213
22 years$1,509$1,192$933$724$557$179
23 years$1,429$1,115$861$659$500$151
24 years$1,355$1,045$797$601$450$127
25 years$1,286$981$738$549$405$107
26 years$1,224$922$684$502$364$90
27 years$1,166$867$635$459$329$76
28 years$1,112$817$591$421$296$64
29 years$1,062$771$550$386$268$54
30 years$1,016$728$512$354$242$46
31 years$972$688$477$325$219$39
32 years$932$651$445$299$198$33
33 years$894$617$416$275$179$28
34 years$858$585$389$253$162$23
35 years$824$554$363$233$147$20
36 years$793$526$340$214$133$17
37 years$763$500$318$198$121$14
38 years$734$475$298$182$109$12
39 years$708$452$279$168$99$10
40 years$682$430$262$155$90$8
41 years$658$409$245$143$82$7
42 years$635$390$230$132$74$6
43 years$614$371$216$122$67$5
44 years$593$354$203$112$61$4
45 years$573$337$190$104$55$4
46 years$554$322$179$96$50$3
47 years$536$307$168$89$46$3
48 years$519$293$158$82$41$2
49 years$503$280$148$76$38$2
50 years$487$268$139$70$34$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $499,000, adding $2,929 every year, while hoping to spend $33,960 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: 45/32/23 Blend
29$499,000$499,000$499,000$499,000
30$552,919$526,472$518,738$574,016
31$573,184$516,136$499,982$578,850
32$594,377$504,156$479,460$580,539
33$616,558$490,414$457,077$581,686
34$639,791$474,788$432,732$582,259
35$664,144$457,147$406,323$582,223
36$689,692$437,353$377,741$581,543
37$716,518$415,260$346,872$580,184
38$744,708$390,713$313,598$578,110
39$774,360$363,550$277,795$575,283
40$805,578$333,596$239,334$571,668
41$838,475$300,671$198,080$567,227
42$873,175$264,580$153,892$561,924
43$909,814$225,119$106,622$555,722
44$948,539$182,074$56,118$548,585
45$989,511$135,216$2,218$540,480
46$1,032,904$84,305$0$531,371
47$1,078,911$29,087$0$534,800
48$1,127,742$0$0$538,629
49$1,179,624$0$0$553,143
50$1,234,810$0$0$579,507
51$1,293,573$0$0$607,613
52$1,356,213$0$0$637,610
53$1,423,059$0$0$669,658
54$1,494,472$0$0$703,937
55$1,570,846$0$0$740,640
56$1,652,614$0$0$779,981
57$1,740,252$0$0$822,194
58$1,834,279$0$0$867,537
59$1,935,267$0$0$916,292
60$2,043,843$0$0$968,768
61$2,160,697$0$0$1,025,305
62$2,286,584$0$0$1,086,277
63$2,422,334$0$0$1,152,095
64$2,568,860$0$0$1,223,209
65$2,727,164$0$0$1,300,116
66$2,898,348$0$0$1,383,359
67$3,083,623$0$0$1,473,538
68$3,284,320$0$0$1,571,311
69$3,501,902$0$0$1,677,402
70$3,737,979$0$0$1,792,608
71$3,994,320$0$0$1,917,805
72$4,272,873$0$0$2,053,955
73$4,575,778$0$0$2,202,120
74$4,905,393$0$0$2,363,465
75$5,264,310$0$0$2,539,275
76$5,655,381$0$0$2,730,961
77$6,081,746$0$0$2,940,079
78$6,546,859$0$0$3,168,339
79$7,054,525$0$0$3,417,625
80$7,608,929$0$0$3,690,012
81$8,214,680$0$0$3,987,781
82$8,876,851$0$0$4,313,447
83$9,601,028$0$0$4,669,776
84$10,393,361$0$0$5,059,815
85$11,260,623$0$0$5,486,921
86$12,210,270$0$0$5,954,789
87$13,250,515$0$0$6,467,488
88$14,390,401$0$0$7,029,498
89$15,639,887$0$0$7,645,758
90$17,009,944$0$0$8,321,702
91$18,512,653$0$0$9,063,319
92$20,161,320$0$0$9,877,204
93$21,970,603$0$0$10,770,623
94$23,956,647$0$0$11,751,577
95$26,137,236$0$0$12,828,883
96$28,531,961$0$0$14,012,251
97$31,162,403$0$0$15,312,380
98$34,052,336$0$0$16,741,054
99$37,227,951$0$0$18,311,258
100$40,718,099$0$0$20,037,295