Can I retire at age 30 with 447,000?

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 $447,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.4%
1 years$36,913$36,584$36,263$35,950$35,644$35,287
2 years$18,274$17,933$17,604$17,284$16,974$16,613
3 years$12,061$11,720$11,391$11,074$10,769$10,417
4 years$8,956$8,615$8,289$7,978$7,680$7,340
5 years$7,093$6,754$6,433$6,128$5,838$5,511
6 years$5,852$5,515$5,199$4,901$4,620$4,305
7 years$4,965$4,632$4,320$4,029$3,757$3,455
8 years$4,301$3,970$3,664$3,380$3,117$2,827
9 years$3,784$3,457$3,156$2,879$2,625$2,348
10 years$3,371$3,047$2,751$2,482$2,237$1,972
11 years$3,033$2,713$2,422$2,160$1,923$1,672
12 years$2,752$2,435$2,150$1,894$1,667$1,427
13 years$2,514$2,200$1,921$1,672$1,454$1,225
14 years$2,311$2,000$1,726$1,485$1,274$1,058
15 years$2,135$1,827$1,558$1,324$1,122$916
16 years$1,980$1,676$1,413$1,186$992$797
17 years$1,845$1,544$1,285$1,065$879$695
18 years$1,724$1,427$1,173$960$782$608
19 years$1,616$1,322$1,074$867$697$533
20 years$1,519$1,229$986$786$622$468
21 years$1,432$1,144$907$713$557$411
22 years$1,352$1,068$836$648$499$362
23 years$1,280$999$772$590$448$319
24 years$1,213$936$714$538$403$282
25 years$1,152$878$661$492$362$249
26 years$1,096$826$613$450$326$220
27 years$1,044$777$569$412$294$195
28 years$996$732$529$377$266$172
29 years$952$691$492$346$240$153
30 years$910$652$459$317$217$135
31 years$871$617$428$291$196$120
32 years$835$583$399$268$177$106
33 years$801$553$373$246$160$94
34 years$768$524$348$227$145$84
35 years$738$497$325$209$132$74
36 years$710$471$304$192$119$66
37 years$683$448$285$177$108$59
38 years$658$426$267$163$98$52
39 years$634$405$250$150$89$46
40 years$611$385$234$139$81$41
41 years$590$366$220$128$73$37
42 years$569$349$206$118$66$33
43 years$550$333$193$109$60$29
44 years$531$317$182$101$55$26
45 years$513$302$170$93$50$23
46 years$497$288$160$86$45$20
47 years$481$275$150$79$41$18
48 years$465$263$141$73$37$16
49 years$450$251$133$68$34$14
50 years$436$240$125$63$31$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $447,000, adding $2,303 every year, while hoping to spend $20,191 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: 60/30/10 Blend
29$447,000$447,000$447,000$447,000
30$494,970$471,279$464,350$523,388
31$523,973$472,888$458,423$544,350
32$555,259$473,900$451,620$564,705
33$589,037$474,263$443,892$586,410
34$625,541$473,924$435,184$609,597
35$665,026$472,826$425,442$634,410
36$707,772$470,908$414,608$661,011
37$754,088$468,105$402,620$689,577
38$804,313$464,351$389,416$720,304
39$858,820$459,571$374,929$753,410
40$918,020$453,690$359,089$789,133
41$982,363$446,626$341,824$827,741
42$1,052,347$438,293$323,057$869,525
43$1,128,517$428,600$302,710$914,811
44$1,211,474$417,451$280,700$963,957
45$1,301,881$404,742$256,940$1,017,359
46$1,400,464$390,366$231,339$1,075,455
47$1,508,025$374,207$203,802$1,138,729
48$1,625,446$356,146$174,232$1,207,716
49$1,753,698$336,053$142,525$1,283,006
50$1,893,848$313,793$108,572$1,365,253
51$2,047,074$289,222$72,263$1,455,177
52$2,214,670$262,189$33,479$1,553,576
53$2,398,064$232,533$0$1,661,329
54$2,598,824$200,085$0$1,780,253
55$2,818,682$164,666$0$1,914,443
56$3,059,540$126,088$0$2,061,523
57$3,323,496$84,149$0$2,222,818
58$3,612,860$38,640$0$2,399,787
59$3,930,176$0$0$2,594,043
60$4,278,245$0$0$2,810,884
61$4,660,155$0$0$3,062,839
62$5,079,302$0$0$3,339,398
63$5,539,433$0$0$3,643,037
64$6,044,672$0$0$3,976,483
65$6,599,562$0$0$4,342,738
66$7,209,108$0$0$4,745,112
67$7,878,825$0$0$5,187,249
68$8,614,785$0$0$5,673,166
69$9,423,682$0$0$6,207,286
70$10,312,887$0$0$6,794,483
71$11,290,522$0$0$7,440,128
72$12,365,537$0$0$8,150,134
73$13,547,789$0$0$8,931,022
74$14,848,142$0$0$9,789,972
75$16,278,563$0$0$10,734,896
76$17,852,238$0$0$11,774,513
77$19,583,695$0$0$12,918,427
78$21,488,943$0$0$14,177,222
79$23,585,619$0$0$15,562,559
80$25,893,158$0$0$17,087,287
81$28,432,972$0$0$18,765,565
82$31,228,656$0$0$20,612,990
83$34,306,210$0$0$22,646,753
84$37,694,279$0$0$24,885,795
85$41,424,429$0$0$27,350,984
86$45,531,443$0$0$30,065,317
87$50,053,646$0$0$33,054,136
88$55,033,271$0$0$36,345,362
89$60,516,854$0$0$39,969,764
90$66,555,673$0$0$43,961,245
91$73,206,233$0$0$48,357,167
92$80,530,800$0$0$53,198,697
93$88,597,986$0$0$58,531,199
94$97,483,394$0$0$64,404,663
95$107,270,340$0$0$70,874,174
96$118,050,629$0$0$78,000,432
97$129,925,427$0$0$85,850,327
98$143,006,213$0$0$94,497,568
99$157,415,834$0$0$104,023,378
100$173,289,661$0$0$114,517,263