Can I retire at age 30 with 453,000?

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 $453,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$37,408$37,075$36,750$36,433$36,123$35,865
2 years$18,519$18,174$17,840$17,516$17,201$16,941
3 years$12,223$11,877$11,544$11,222$10,913$10,659
4 years$9,076$8,731$8,401$8,085$7,783$7,537
5 years$7,188$6,845$6,519$6,210$5,917$5,679
6 years$5,930$5,590$5,269$4,966$4,682$4,453
7 years$5,032$4,694$4,378$4,083$3,808$3,588
8 years$4,358$4,024$3,713$3,425$3,159$2,948
9 years$3,835$3,503$3,198$2,918$2,660$2,458
10 years$3,416$3,088$2,788$2,515$2,267$2,074
11 years$3,074$2,749$2,455$2,189$1,949$1,765
12 years$2,789$2,467$2,178$1,920$1,689$1,513
13 years$2,548$2,230$1,946$1,695$1,473$1,306
14 years$2,342$2,027$1,749$1,505$1,291$1,132
15 years$2,163$1,852$1,579$1,342$1,137$986
16 years$2,007$1,699$1,431$1,201$1,005$861
17 years$1,869$1,565$1,303$1,079$891$755
18 years$1,747$1,446$1,189$973$792$663
19 years$1,638$1,340$1,089$879$706$584
20 years$1,540$1,245$999$796$631$515
21 years$1,451$1,160$919$723$564$456
22 years$1,370$1,083$847$657$506$403
23 years$1,297$1,012$782$598$454$357
24 years$1,230$949$723$546$408$317
25 years$1,168$890$670$498$367$282
26 years$1,111$837$621$456$331$250
27 years$1,058$787$577$417$298$223
28 years$1,010$742$536$382$269$198
29 years$964$700$499$350$243$177
30 years$922$661$465$322$220$157
31 years$883$625$433$295$199$140
32 years$846$591$404$271$180$125
33 years$811$560$378$250$163$112
34 years$779$531$353$230$147$100
35 years$748$503$330$211$133$89
36 years$719$478$309$195$121$80
37 years$692$454$289$179$109$71
38 years$667$431$270$165$99$64
39 years$642$410$253$152$90$57
40 years$619$390$237$141$82$51
41 years$597$371$223$130$74$45
42 years$577$354$209$120$67$41
43 years$557$337$196$111$61$36
44 years$538$321$184$102$55$32
45 years$520$306$173$94$50$29
46 years$503$292$162$87$46$26
47 years$487$279$152$80$41$23
48 years$471$266$143$74$38$21
49 years$457$254$135$69$34$19
50 years$442$243$127$63$31$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $453,000, adding $3,767 every year, while hoping to spend $27,892 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: 59/27/14 Blend
29$453,000$453,000$453,000$453,000
30$503,092$479,083$472,061$530,790
31$524,730$472,881$458,198$543,718
32$547,641$465,440$442,936$554,371
33$571,924$456,671$426,199$565,329
34$597,690$446,477$407,906$576,625
35$625,058$434,758$387,974$588,296
36$654,159$421,406$366,316$600,385
37$685,137$406,309$342,841$612,938
38$718,148$389,345$317,454$626,012
39$753,365$370,389$290,055$639,667
40$790,976$349,306$260,540$653,972
41$831,188$325,954$228,800$669,007
42$874,226$300,183$194,722$684,860
43$920,340$271,835$158,188$701,629
44$969,801$240,741$119,073$719,428
45$1,022,908$206,725$77,249$738,380
46$1,079,988$169,598$32,581$758,627
47$1,141,403$129,164$0$780,326
48$1,207,546$85,213$0$805,909
49$1,278,852$37,525$0$838,658
50$1,355,797$0$0$873,946
51$1,438,906$0$0$916,244
52$1,528,753$0$0$974,053
53$1,625,972$0$0$1,036,635
54$1,731,258$0$0$1,104,443
55$1,845,375$0$0$1,177,972
56$1,969,164$0$0$1,257,769
57$2,103,550$0$0$1,344,434
58$2,249,549$0$0$1,438,627
59$2,408,281$0$0$1,541,076
60$2,580,975$0$0$1,652,579
61$2,768,987$0$0$1,774,017
62$2,973,805$0$0$1,906,356
63$3,197,070$0$0$2,050,663
64$3,440,586$0$0$2,208,110
65$3,706,339$0$0$2,379,987
66$3,996,515$0$0$2,567,716
67$4,313,522$0$0$2,772,859
68$4,660,008$0$0$2,997,138
69$5,038,891$0$0$3,242,450
70$5,453,382$0$0$3,510,881
71$5,907,017$0$0$3,804,730
72$6,403,691$0$0$4,126,526
73$6,947,692$0$0$4,479,059
74$7,543,742$0$0$4,865,395
75$8,197,041$0$0$5,288,917
76$8,913,319$0$0$5,753,346
77$9,698,881$0$0$6,262,783
78$10,560,679$0$0$6,821,744
79$11,506,363$0$0$7,435,204
80$12,544,365$0$0$8,108,643
81$13,683,970$0$0$8,848,097
82$14,935,408$0$0$9,660,215
83$16,309,946$0$0$10,552,321
84$17,819,997$0$0$11,532,486
85$19,479,236$0$0$12,609,598
86$21,302,728$0$0$13,793,450
87$23,307,069$0$0$15,094,833
88$25,510,544$0$0$16,525,631
89$27,933,298$0$0$18,098,941
90$30,597,523$0$0$19,829,191
91$33,527,674$0$0$21,732,278
92$36,750,689$0$0$23,825,716
93$40,296,253$0$0$26,128,802
94$44,197,069$0$0$28,662,797
95$48,489,172$0$0$31,451,130
96$53,212,266$0$0$34,519,611
97$58,410,098$0$0$37,896,682
98$64,130,868$0$0$41,613,680
99$70,427,690$0$0$45,705,135
100$77,359,086$0$0$50,209,096