Can I retire at age 30 with 487,000?

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 $487,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$40,216$39,858$39,508$39,167$38,834$37,865
2 years$19,909$19,538$19,179$18,830$18,492$17,522
3 years$13,141$12,768$12,410$12,065$11,732$10,791
4 years$9,757$9,386$9,031$8,692$8,368$7,463
5 years$7,728$7,359$7,009$6,676$6,361$5,495
6 years$6,375$6,009$5,664$5,339$5,033$4,207
7 years$5,410$5,046$4,707$4,390$4,093$3,307
8 years$4,686$4,326$3,992$3,682$3,396$2,649
9 years$4,123$3,766$3,438$3,136$2,860$2,152
10 years$3,673$3,320$2,997$2,704$2,437$1,767
11 years$3,305$2,955$2,639$2,353$2,096$1,463
12 years$2,998$2,653$2,342$2,064$1,816$1,220
13 years$2,739$2,397$2,092$1,822$1,584$1,022
14 years$2,518$2,179$1,880$1,617$1,388$861
15 years$2,326$1,991$1,697$1,443$1,222$727
16 years$2,158$1,826$1,539$1,292$1,080$616
17 years$2,010$1,682$1,400$1,161$958$523
18 years$1,878$1,554$1,278$1,046$852$445
19 years$1,761$1,440$1,170$945$759$380
20 years$1,655$1,338$1,074$856$678$324
21 years$1,560$1,247$988$777$607$277
22 years$1,473$1,164$910$706$544$237
23 years$1,394$1,088$841$643$488$203
24 years$1,322$1,020$777$587$439$174
25 years$1,256$957$720$536$395$150
26 years$1,194$899$668$490$356$128
27 years$1,138$847$620$448$321$110
28 years$1,085$798$577$411$289$95
29 years$1,037$753$537$377$261$81
30 years$991$711$500$346$236$70
31 years$949$672$466$318$213$60
32 years$909$636$435$292$193$52
33 years$872$602$406$268$175$45
34 years$837$571$379$247$158$38
35 years$804$541$355$227$143$33
36 years$773$514$332$209$130$28
37 years$744$488$310$193$118$24
38 years$717$464$291$178$107$21
39 years$691$441$272$164$97$18
40 years$666$419$255$151$88$16
41 years$642$399$239$139$80$13
42 years$620$380$225$129$72$12
43 years$599$362$211$119$66$10
44 years$579$345$198$110$60$9
45 years$559$329$186$101$54$7
46 years$541$314$174$94$49$6
47 years$524$300$164$86$45$5
48 years$507$286$154$80$40$5
49 years$491$273$145$74$37$4
50 years$475$261$136$68$33$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $487,000, adding $2,577 every year, while hoping to spend $23,093 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: 46/41/13 Blend
29$487,000$487,000$487,000$487,000
30$539,332$513,521$505,973$562,049
31$569,773$514,113$498,352$578,654
32$602,545$513,960$489,702$594,094
33$637,862$513,001$479,964$610,333
34$675,957$511,171$469,076$627,453
35$717,089$508,402$456,974$645,547
36$761,540$504,622$443,590$664,719
37$809,621$499,752$428,855$685,082
38$861,673$493,712$412,693$706,766
39$918,074$486,414$395,028$729,913
40$979,236$477,766$375,780$754,682
41$1,045,613$467,671$354,863$781,251
42$1,117,705$456,027$332,191$809,817
43$1,196,061$442,723$307,670$840,599
44$1,281,288$427,644$281,205$873,841
45$1,374,048$410,668$252,694$909,815
46$1,475,076$391,666$222,034$948,821
47$1,585,176$370,500$189,115$991,194
48$1,705,235$347,025$153,821$1,037,307
49$1,836,229$321,089$116,034$1,087,572
50$1,979,231$292,529$75,628$1,142,448
51$2,135,425$261,175$32,474$1,202,442
52$2,306,111$226,845$0$1,268,118
53$2,492,722$189,349$0$1,341,986
54$2,696,837$148,484$0$1,427,783
55$2,920,191$104,037$0$1,521,791
56$3,164,699$55,783$0$1,624,880
57$3,432,466$3,484$0$1,738,018
58$3,725,811$0$0$1,862,270
59$4,047,290$0$0$2,022,780
60$4,399,715$0$0$2,200,522
61$4,786,185$0$0$2,395,493
62$5,210,112$0$0$2,609,423
63$5,675,256$0$0$2,844,215
64$6,185,756$0$0$3,101,969
65$6,746,173$0$0$3,384,993
66$7,361,531$0$0$3,695,835
67$8,037,364$0$0$4,037,298
68$8,779,768$0$0$4,412,472
69$9,595,459$0$0$4,824,760
70$10,491,836$0$0$5,277,911
71$11,477,048$0$0$5,776,056
72$12,560,076$0$0$6,323,745
73$13,750,813$0$0$6,925,992
74$15,060,157$0$0$7,588,321
75$16,500,117$0$0$8,316,817
76$18,083,924$0$0$9,118,187
77$19,826,154$0$0$9,999,817
78$21,742,868$0$0$10,969,849
79$23,851,763$0$0$12,037,250
80$26,172,334$0$0$13,211,903
81$28,726,066$0$0$14,504,696
82$31,536,630$0$0$15,927,628
83$34,630,107$0$0$17,493,917
84$38,035,237$0$0$19,218,131
85$41,783,684$0$0$21,116,319
86$45,910,342$0$0$23,206,168
87$50,453,658$0$0$25,507,164
88$55,455,996$0$0$28,040,782
89$60,964,040$0$0$30,830,684
90$67,029,226$0$0$33,902,943
91$73,708,238$0$0$37,286,289
92$81,063,533$0$0$41,012,381
93$89,163,935$0$0$45,116,106
94$98,085,284$0$0$49,635,906
95$107,911,149$0$0$54,614,140
96$118,733,620$0$0$60,097,489
97$130,654,171$0$0$66,137,390
98$143,784,625$0$0$72,790,524
99$158,248,202$0$0$80,119,353
100$174,180,688$0$0$88,192,704