Can I retire at age 30 with 497,000?

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 $497,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12%
1 years$41,042$40,676$40,320$39,971$39,631$39,299
2 years$20,318$19,939$19,573$19,217$18,872$18,537
3 years$13,411$13,031$12,665$12,313$11,973$11,646
4 years$9,958$9,579$9,217$8,870$8,539$8,223
5 years$7,887$7,510$7,153$6,813$6,492$6,186
6 years$6,506$6,132$5,780$5,449$5,137$4,843
7 years$5,521$5,150$4,803$4,480$4,177$3,895
8 years$4,782$4,415$4,074$3,758$3,466$3,195
9 years$4,207$3,844$3,509$3,201$2,918$2,660
10 years$3,748$3,388$3,059$2,759$2,487$2,239
11 years$3,373$3,016$2,693$2,401$2,139$1,903
12 years$3,060$2,707$2,390$2,106$1,853$1,628
13 years$2,796$2,446$2,135$1,860$1,616$1,402
14 years$2,569$2,224$1,919$1,651$1,417$1,213
15 years$2,373$2,031$1,732$1,472$1,247$1,054
16 years$2,202$1,864$1,571$1,318$1,102$919
17 years$2,051$1,716$1,429$1,184$977$804
18 years$1,917$1,586$1,305$1,067$869$705
19 years$1,797$1,470$1,194$964$775$619
20 years$1,689$1,366$1,096$873$692$545
21 years$1,592$1,272$1,008$793$619$481
22 years$1,503$1,188$929$721$555$425
23 years$1,423$1,111$858$656$498$376
24 years$1,349$1,041$793$599$448$333
25 years$1,281$977$735$547$403$295
26 years$1,219$918$682$500$363$261
27 years$1,161$864$633$458$327$232
28 years$1,108$814$588$419$295$206
29 years$1,058$768$548$384$267$183
30 years$1,012$725$510$353$241$163
31 years$968$686$475$324$218$145
32 years$928$649$444$298$197$129
33 years$890$614$414$274$178$115
34 years$854$582$387$252$161$102
35 years$821$552$362$232$146$91
36 years$789$524$338$214$132$81
37 years$760$498$317$197$120$72
38 years$731$473$297$181$109$64
39 years$705$450$278$167$99$57
40 years$679$428$261$154$90$51
41 years$656$407$244$142$81$46
42 years$633$388$229$131$74$41
43 years$611$370$215$121$67$36
44 years$591$352$202$112$61$32
45 years$571$336$190$103$55$29
46 years$552$321$178$96$50$26
47 years$534$306$167$88$45$23
48 years$517$292$157$82$41$21
49 years$501$279$148$75$37$18
50 years$485$266$139$70$34$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $497,000, adding $4,520 every year, while hoping to spend $24,935 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: 42/37/21 Blend
29$497,000$497,000$497,000$497,000
30$552,356$526,015$518,312$571,990
31$582,166$525,259$509,145$585,625
32$614,181$523,631$498,835$597,630
33$648,599$521,060$487,317$610,121
34$685,638$517,475$474,525$623,157
35$725,538$512,796$460,387$636,802
36$768,562$506,942$444,829$651,131
37$814,999$499,826$427,774$666,227
38$865,166$491,354$409,141$682,182
39$919,411$481,428$388,845$699,102
40$978,118$469,945$366,798$717,105
41$1,041,708$456,795$342,909$736,323
42$1,110,645$441,861$317,079$756,905
43$1,185,438$425,019$289,208$779,017
44$1,266,648$406,140$259,191$802,844
45$1,354,890$385,085$226,918$828,595
46$1,450,842$361,708$192,274$856,501
47$1,555,251$335,855$155,138$886,822
48$1,668,938$307,362$115,386$919,847
49$1,792,804$276,058$72,886$955,899
50$1,927,844$241,758$27,502$995,338
51$2,075,151$204,272$0$1,038,564
52$2,235,931$163,395$0$1,090,713
53$2,411,506$118,912$0$1,154,472
54$2,603,337$70,596$0$1,224,260
55$2,813,029$18,207$0$1,300,726
56$3,042,351$0$0$1,384,590
57$3,293,248$0$0$1,492,328
58$3,567,866$0$0$1,618,426
59$3,868,563$0$0$1,756,564
60$4,197,941$0$0$1,907,943
61$4,558,860$0$0$2,073,888
62$4,954,474$0$0$2,255,856
63$5,388,255$0$0$2,455,453
64$5,864,028$0$0$2,674,448
65$6,386,003$0$0$2,914,790
66$6,958,821$0$0$3,178,624
67$7,587,591$0$0$3,468,315
68$8,277,944$0$0$3,786,467
69$9,036,080$0$0$4,135,949
70$9,868,831$0$0$4,519,920
71$10,783,720$0$0$4,941,863
72$11,789,039$0$0$5,405,612
73$12,893,920$0$0$5,915,394
74$14,108,424$0$0$6,475,864
75$15,443,636$0$0$7,092,150
76$16,911,768$0$0$7,769,903
77$18,526,276$0$0$8,515,350
78$20,301,984$0$0$9,335,348
79$22,255,223$0$0$10,237,457
80$24,403,989$0$0$11,230,003
81$26,768,110$0$0$12,322,161
82$29,369,431$0$0$13,524,040
83$32,232,022$0$0$14,846,778
84$35,382,405$0$0$16,302,649
85$38,849,803$0$0$17,905,177
86$42,666,415$0$0$19,669,261
87$46,867,720$0$0$21,611,322
88$51,492,812$0$0$23,749,450
89$56,584,767$0$0$26,103,581
90$62,191,053$0$0$28,695,682
91$68,363,971$0$0$31,549,957
92$75,161,153$0$0$34,693,079
93$82,646,106$0$0$38,154,437
94$90,888,807$0$0$41,966,418
95$99,966,367$0$0$46,164,709
96$109,963,755$0$0$50,788,633
97$120,974,603$0$0$55,881,523
98$133,102,086$0$0$61,491,131
99$146,459,896$0$0$67,670,074
100$161,173,316$0$0$74,476,334