Can I retire at age 30 with 495,000?

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 $495,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.9%
1 years$40,877$40,513$40,157$39,811$39,472$38,208
2 years$20,236$19,859$19,494$19,140$18,796$17,535
3 years$13,357$12,978$12,614$12,263$11,925$10,706
4 years$9,918$9,540$9,180$8,835$8,505$7,337
5 years$7,855$7,480$7,124$6,786$6,465$5,351
6 years$6,480$6,108$5,757$5,427$5,116$4,057
7 years$5,498$5,129$4,784$4,462$4,161$3,157
8 years$4,763$4,397$4,057$3,743$3,452$2,502
9 years$4,190$3,828$3,495$3,188$2,907$2,011
10 years$3,733$3,374$3,047$2,748$2,477$1,632
11 years$3,359$3,004$2,682$2,392$2,130$1,336
12 years$3,048$2,696$2,380$2,098$1,846$1,101
13 years$2,784$2,437$2,127$1,852$1,610$911
14 years$2,559$2,215$1,911$1,644$1,411$758
15 years$2,364$2,023$1,725$1,466$1,242$632
16 years$2,193$1,856$1,564$1,313$1,098$529
17 years$2,043$1,710$1,423$1,180$974$443
18 years$1,909$1,580$1,299$1,063$866$372
19 years$1,790$1,464$1,189$961$772$313
20 years$1,682$1,360$1,092$870$689$264
21 years$1,585$1,267$1,004$790$617$222
22 years$1,497$1,183$925$718$553$188
23 years$1,417$1,106$854$654$496$159
24 years$1,344$1,037$790$596$446$134
25 years$1,276$973$732$545$401$113
26 years$1,214$914$679$498$362$96
27 years$1,157$860$630$456$326$81
28 years$1,103$811$586$418$294$69
29 years$1,054$765$545$383$266$58
30 years$1,008$722$508$351$240$49
31 years$965$683$474$323$217$42
32 years$924$646$442$297$196$35
33 years$886$612$413$273$178$30
34 years$851$580$385$251$161$25
35 years$818$550$360$231$146$22
36 years$786$522$337$213$132$18
37 years$756$496$316$196$120$15
38 years$728$471$295$181$108$13
39 years$702$448$277$167$98$11
40 years$677$426$259$154$89$9
41 years$653$406$243$142$81$8
42 years$630$386$228$131$73$7
43 years$609$368$214$121$67$6
44 years$588$351$201$112$60$5
45 years$569$335$189$103$55$4
46 years$550$319$177$95$50$4
47 years$532$305$167$88$45$3
48 years$515$291$157$81$41$3
49 years$499$278$147$75$37$2
50 years$483$265$138$69$34$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $495,000, adding $6,386 every year, while hoping to spend $22,716 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: 72/14/14 Blend
29$495,000$495,000$495,000$495,000
30$552,077$525,842$518,170$589,679
31$584,219$527,439$511,359$617,045
32$618,879$528,352$503,558$643,616
33$656,288$528,525$494,711$672,110
34$696,703$527,897$484,758$702,713
35$740,405$526,402$473,635$735,630
36$787,702$523,971$461,278$771,086
37$838,935$520,533$447,618$809,330
38$894,476$516,009$432,583$850,637
39$954,737$510,318$416,099$895,310
40$1,020,169$503,372$398,086$943,682
41$1,091,268$495,079$378,464$996,124
42$1,168,581$485,341$357,146$1,053,041
43$1,252,709$474,056$334,043$1,114,882
44$1,344,313$461,113$309,062$1,182,143
45$1,444,122$446,396$282,104$1,255,370
46$1,552,936$429,783$253,068$1,335,167
47$1,671,636$411,143$221,847$1,422,197
48$1,801,194$390,340$188,330$1,517,194
49$1,942,676$367,227$152,400$1,620,969
50$2,097,259$341,652$113,935$1,734,413
51$2,266,238$313,450$72,810$1,858,511
52$2,451,036$282,451$28,891$1,994,351
53$2,653,223$248,473$0$2,143,130
54$2,874,528$211,324$0$2,308,856
55$3,116,851$170,801$0$2,495,081
56$3,382,289$126,689$0$2,699,116
57$3,673,149$78,763$0$2,922,758
58$3,991,971$26,783$0$3,167,989
59$4,341,553$0$0$3,436,991
60$4,724,979$0$0$3,736,715
61$5,145,643$0$0$4,070,100
62$5,607,284$0$0$4,435,986
63$6,114,021$0$0$4,837,640
64$6,670,392$0$0$5,278,663
65$7,281,394$0$0$5,763,018
66$7,952,532$0$0$6,295,075
67$8,689,872$0$0$6,879,644
68$9,500,096$0$0$7,522,028
69$10,390,564$0$0$8,228,065
70$11,369,385$0$0$9,004,190
71$12,445,495$0$0$9,857,491
72$13,628,735$0$0$10,795,778
73$14,929,950$0$0$11,827,653
74$16,361,088$0$0$12,962,597
75$17,935,314$0$0$14,211,054
76$19,667,130$0$0$15,584,531
77$21,572,518$0$0$17,095,706
78$23,669,085$0$0$18,758,551
79$25,976,230$0$0$20,588,457
80$28,515,331$0$0$22,602,385
81$31,309,940$0$0$24,819,020
82$34,386,010$0$0$27,258,956
83$37,772,136$0$0$29,944,879
84$41,499,828$0$0$32,901,790
85$45,603,804$0$0$36,157,235
86$50,122,323$0$0$39,741,569
87$55,097,539$0$0$43,688,239
88$60,575,903$0$0$48,034,099
89$66,608,601$0$0$52,819,761
90$73,252,033$0$0$58,089,976
91$80,568,350$0$0$63,894,054
92$88,626,036$0$0$70,286,334
93$97,500,558$0$0$77,326,691
94$107,275,072$0$0$85,081,106
95$118,041,215$0$0$93,622,285
96$129,899,964$0$0$103,030,346
97$142,962,589$0$0$113,393,574
98$157,351,705$0$0$124,809,257
99$173,202,430$0$0$137,384,600
100$190,663,656$0$0$151,237,739