Can I retire at age 30 with 488,000?

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 $488,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$40,299$39,940$39,589$39,248$38,914$37,429
2 years$19,950$19,578$19,218$18,869$18,530$17,052
3 years$13,168$12,795$12,435$12,090$11,756$10,331
4 years$9,777$9,405$9,050$8,710$8,385$7,023
5 years$7,744$7,374$7,023$6,690$6,374$5,079
6 years$6,388$6,021$5,676$5,350$5,044$3,817
7 years$5,421$5,057$4,716$4,399$4,102$2,943
8 years$4,695$4,335$4,000$3,690$3,403$2,311
9 years$4,131$3,774$3,445$3,143$2,866$1,839
10 years$3,680$3,327$3,004$2,709$2,442$1,478
11 years$3,312$2,961$2,644$2,358$2,100$1,197
12 years$3,005$2,658$2,347$2,068$1,820$976
13 years$2,745$2,402$2,097$1,826$1,587$799
14 years$2,523$2,183$1,884$1,621$1,391$657
15 years$2,330$1,995$1,701$1,445$1,225$542
16 years$2,162$1,830$1,542$1,294$1,082$448
17 years$2,014$1,685$1,403$1,163$960$371
18 years$1,882$1,557$1,281$1,048$853$308
19 years$1,764$1,443$1,173$947$761$256
20 years$1,659$1,341$1,076$858$679$213
21 years$1,563$1,249$990$778$608$177
22 years$1,476$1,166$912$708$545$148
23 years$1,397$1,091$842$645$489$123
24 years$1,325$1,022$779$588$440$103
25 years$1,258$959$722$537$396$86
26 years$1,197$901$669$491$356$72
27 years$1,140$848$621$449$321$60
28 years$1,088$799$578$412$290$50
29 years$1,039$754$538$378$262$42
30 years$993$712$501$346$237$35
31 years$951$673$467$318$214$29
32 years$911$637$436$292$193$24
33 years$874$603$407$269$175$20
34 years$839$572$380$247$159$17
35 years$806$542$355$228$144$14
36 years$775$515$332$210$130$12
37 years$746$489$311$193$118$10
38 years$718$465$291$178$107$8
39 years$692$442$273$164$97$7
40 years$667$420$256$152$88$6
41 years$644$400$240$140$80$5
42 years$621$381$225$129$72$4
43 years$600$363$211$119$66$3
44 years$580$346$198$110$60$3
45 years$561$330$186$102$54$2
46 years$542$315$175$94$49$2
47 years$525$300$164$87$45$2
48 years$508$287$154$80$41$1
49 years$492$274$145$74$37$1
50 years$476$262$136$68$33$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $488,000, adding $5,556 every year, while hoping to spend $28,734 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: 44/45/11 Blend
29$488,000$488,000$488,000$488,000
30$543,507$517,643$510,079$565,473
31$568,372$512,435$496,594$576,101
32$594,810$506,008$481,694$584,261
33$622,952$498,274$465,302$592,462
34$652,939$489,135$447,335$600,718
35$684,928$478,492$427,710$609,048
36$719,089$466,237$406,338$617,475
37$755,611$452,257$383,124$626,024
38$794,698$436,432$357,973$634,729
39$836,575$418,635$330,783$643,627
40$881,489$398,732$301,448$652,762
41$929,711$376,580$269,857$662,186
42$981,539$352,030$235,895$671,959
43$1,037,299$324,922$199,440$682,150
44$1,097,348$295,088$160,366$692,841
45$1,162,082$262,352$118,543$704,123
46$1,231,932$226,525$73,831$716,101
47$1,307,373$187,408$26,089$728,897
48$1,388,927$144,793$0$742,647
49$1,477,168$98,459$0$760,426
50$1,572,727$48,171$0$782,949
51$1,676,297$0$0$807,372
52$1,788,640$0$0$837,069
53$1,910,595$0$0$895,251
54$2,043,083$0$0$958,511
55$2,187,121$0$0$1,027,340
56$2,343,823$0$0$1,102,277
57$2,514,418$0$0$1,183,918
58$2,700,256$0$0$1,272,916
59$2,902,825$0$0$1,369,991
60$3,123,760$0$0$1,475,936
61$3,364,864$0$0$1,591,624
62$3,628,119$0$0$1,718,013
63$3,915,707$0$0$1,856,161
64$4,230,031$0$0$2,007,232
65$4,573,735$0$0$2,172,507
66$4,949,734$0$0$2,353,397
67$5,361,232$0$0$2,551,455
68$5,811,762$0$0$2,768,393
69$6,305,213$0$0$3,006,095
70$6,845,866$0$0$3,266,634
71$7,438,437$0$0$3,552,297
72$8,088,121$0$0$3,865,601
73$8,800,637$0$0$4,209,317
74$9,582,288$0$0$4,586,499
75$10,440,013$0$0$5,000,510
76$11,381,456$0$0$5,455,055
77$12,415,038$0$0$5,954,215
78$13,550,034$0$0$6,502,486
79$14,796,663$0$0$7,104,820
80$16,166,181$0$0$7,766,674
81$17,670,987$0$0$8,494,057
82$19,324,743$0$0$9,293,591
83$21,142,499$0$0$10,172,572
84$23,140,835$0$0$11,139,037
85$25,338,018$0$0$12,201,840
86$27,754,173$0$0$13,370,737
87$30,411,474$0$0$14,656,478
88$33,334,351$0$0$16,070,905
89$36,549,719$0$0$17,627,067
90$40,087,236$0$0$19,339,341
91$43,979,577$0$0$21,223,567
92$48,262,745$0$0$23,297,200
93$52,976,410$0$0$25,579,472
94$58,164,281$0$0$28,091,574
95$63,874,520$0$0$30,856,854
96$70,160,194$0$0$33,901,040
97$77,079,776$0$0$37,252,483
98$84,697,697$0$0$40,942,419
99$93,084,954$0$0$45,005,270
100$102,319,776$0$0$49,478,963