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%16.3%
1 years$37,408$37,075$36,750$36,433$36,123$35,192
2 years$18,519$18,174$17,840$17,516$17,201$16,270
3 years$12,223$11,877$11,544$11,222$10,913$10,010
4 years$9,076$8,731$8,401$8,085$7,783$6,916
5 years$7,188$6,845$6,519$6,210$5,917$5,087
6 years$5,930$5,590$5,269$4,966$4,682$3,891
7 years$5,032$4,694$4,378$4,083$3,808$3,055
8 years$4,358$4,024$3,713$3,425$3,159$2,444
9 years$3,835$3,503$3,198$2,918$2,660$1,983
10 years$3,416$3,088$2,788$2,515$2,267$1,626
11 years$3,074$2,749$2,455$2,189$1,949$1,345
12 years$2,789$2,467$2,178$1,920$1,689$1,120
13 years$2,548$2,230$1,946$1,695$1,473$937
14 years$2,342$2,027$1,749$1,505$1,291$788
15 years$2,163$1,852$1,579$1,342$1,137$665
16 years$2,007$1,699$1,431$1,201$1,005$562
17 years$1,869$1,565$1,303$1,079$891$477
18 years$1,747$1,446$1,189$973$792$405
19 years$1,638$1,340$1,089$879$706$345
20 years$1,540$1,245$999$796$631$294
21 years$1,451$1,160$919$723$564$251
22 years$1,370$1,083$847$657$506$215
23 years$1,297$1,012$782$598$454$184
24 years$1,230$949$723$546$408$157
25 years$1,168$890$670$498$367$135
26 years$1,111$837$621$456$331$115
27 years$1,058$787$577$417$298$99
28 years$1,010$742$536$382$269$85
29 years$964$700$499$350$243$73
30 years$922$661$465$322$220$63
31 years$883$625$433$295$199$54
32 years$846$591$404$271$180$46
33 years$811$560$378$250$163$40
34 years$779$531$353$230$147$34
35 years$748$503$330$211$133$29
36 years$719$478$309$195$121$25
37 years$692$454$289$179$109$22
38 years$667$431$270$165$99$19
39 years$642$410$253$152$90$16
40 years$619$390$237$141$82$14
41 years$597$371$223$130$74$12
42 years$577$354$209$120$67$10
43 years$557$337$196$111$61$9
44 years$538$321$184$102$55$7
45 years$520$306$173$94$50$6
46 years$503$292$162$87$46$6
47 years$487$279$152$80$41$5
48 years$471$266$143$74$38$4
49 years$457$254$135$69$34$4
50 years$442$243$127$63$31$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $453,000, adding $6,520 every year, while hoping to spend $20,522 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: 76/15/9 Blend
29$453,000$453,000$453,000$453,000
30$505,931$481,922$474,901$543,140
31$535,701$483,701$468,975$570,311
32$567,820$484,880$462,162$596,824
33$602,505$485,406$454,412$625,297
34$639,996$485,227$445,671$655,920
35$680,556$484,284$435,881$688,897
36$724,475$482,516$424,986$724,457
37$772,070$479,858$412,922$762,849
38$823,692$476,241$399,625$804,350
39$879,724$471,593$385,028$849,265
40$940,591$465,835$369,061$897,928
41$1,006,756$458,886$351,650$950,709
42$1,078,732$450,659$332,717$1,008,018
43$1,157,083$441,061$312,183$1,070,303
44$1,242,427$429,995$289,963$1,138,060
45$1,335,447$417,357$265,969$1,211,836
46$1,436,893$403,038$240,110$1,292,234
47$1,547,591$386,922$212,289$1,379,919
48$1,668,451$368,887$182,406$1,475,624
49$1,800,474$348,803$150,357$1,580,156
50$1,944,761$326,533$116,032$1,694,408
51$2,102,525$301,931$79,318$1,819,361
52$2,275,102$274,845$40,094$1,956,100
53$2,463,962$245,113$0$2,105,819
54$2,670,726$212,563$0$2,270,004
55$2,897,176$177,015$0$2,454,060
56$3,145,275$138,276$0$2,655,746
57$3,417,188$96,146$0$2,876,841
58$3,715,295$50,411$0$3,119,307
59$4,042,220$846$0$3,385,306
60$4,400,852$0$0$3,677,220
61$4,794,374$0$0$4,006,389
62$5,226,291$0$0$4,367,844
63$5,700,465$0$0$4,764,682
64$6,221,149$0$0$5,200,464
65$6,793,029$0$0$5,679,114
66$7,421,266$0$0$6,204,954
67$8,111,546$0$0$6,782,747
68$8,870,135$0$0$7,417,739
69$9,703,933$0$0$8,115,709
70$10,620,543$0$0$8,883,025
71$11,628,342$0$0$9,726,702
72$12,736,558$0$0$10,654,469
73$13,955,359$0$0$11,674,840
74$15,295,947$0$0$12,797,199
75$16,770,666$0$0$14,031,881
76$18,393,113$0$0$15,390,276
77$20,178,273$0$0$16,884,932
78$22,142,655$0$0$18,529,676
79$24,304,449$0$0$20,339,741
80$26,683,699$0$0$22,331,915
81$29,302,487$0$0$24,524,692
82$32,185,150$0$0$26,938,453
83$35,358,499$0$0$29,595,652
84$38,852,079$0$0$32,521,035
85$42,698,445$0$0$35,741,865
86$46,933,469$0$0$39,288,187
87$51,596,680$0$0$43,193,103
88$56,731,631$0$0$47,493,093
89$62,386,318$0$0$52,228,352
90$68,613,627$0$0$57,443,172
91$75,471,835$0$0$63,186,362
92$83,025,158$0$0$69,511,703
93$91,344,359$0$0$76,478,458
94$100,507,413$0$0$84,151,935
95$110,600,245$0$0$92,604,095
96$121,717,540$0$0$101,914,239
97$133,963,635$0$0$112,169,749
98$147,453,506$0$0$123,466,920
99$162,313,849$0$0$135,911,862
100$178,684,280$0$0$149,621,505