Can I retire at age 30 with 456,000?

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 $456,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$37,656$37,321$36,993$36,674$36,362$35,848
2 years$18,642$18,294$17,958$17,632$17,315$16,799
3 years$12,304$11,956$11,620$11,297$10,986$10,482
4 years$9,136$8,789$8,456$8,139$7,835$7,349
5 years$7,236$6,890$6,562$6,251$5,956$5,488
6 years$5,969$5,627$5,303$4,999$4,713$4,264
7 years$5,065$4,725$4,407$4,110$3,833$3,403
8 years$4,387$4,050$3,738$3,448$3,180$2,769
9 years$3,860$3,527$3,219$2,937$2,678$2,286
10 years$3,439$3,108$2,807$2,532$2,282$1,909
11 years$3,094$2,767$2,471$2,203$1,962$1,608
12 years$2,808$2,484$2,193$1,933$1,700$1,364
13 years$2,565$2,245$1,959$1,706$1,483$1,164
14 years$2,357$2,040$1,760$1,515$1,300$998
15 years$2,177$1,864$1,589$1,351$1,144$859
16 years$2,020$1,710$1,441$1,209$1,011$741
17 years$1,882$1,575$1,311$1,087$897$642
18 years$1,759$1,455$1,197$979$797$557
19 years$1,649$1,349$1,096$885$711$485
20 years$1,550$1,253$1,006$801$635$423
21 years$1,460$1,167$925$727$568$369
22 years$1,379$1,090$853$661$509$322
23 years$1,305$1,019$787$602$457$282
24 years$1,238$955$728$549$411$247
25 years$1,176$896$674$502$370$216
26 years$1,118$842$625$459$333$190
27 years$1,065$793$581$420$300$167
28 years$1,016$747$540$385$271$146
29 years$971$705$502$353$245$129
30 years$928$665$468$324$221$113
31 years$889$629$436$297$200$99
32 years$851$595$407$273$181$87
33 years$817$564$380$251$164$77
34 years$784$534$355$231$148$68
35 years$753$507$332$213$134$60
36 years$724$481$311$196$122$53
37 years$697$457$291$181$110$46
38 years$671$434$272$166$100$41
39 years$647$413$255$153$91$36
40 years$623$393$239$142$82$32
41 years$601$374$224$131$75$28
42 years$581$356$210$121$68$25
43 years$561$339$197$111$61$22
44 years$542$323$185$103$56$19
45 years$524$308$174$95$51$17
46 years$507$294$163$88$46$15
47 years$490$281$153$81$42$13
48 years$475$268$144$75$38$12
49 years$460$256$136$69$34$10
50 years$445$244$127$64$31$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $456,000, adding $6,503 every year, while hoping to spend $40,154 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: 47/40/13 Blend
29$456,000$456,000$456,000$456,000
30$509,220$485,052$477,984$531,010
31$518,437$466,096$451,273$527,795
32$527,248$444,865$422,321$519,658
33$535,570$421,206$391,011$509,934
34$543,308$394,956$357,221$498,490
35$550,359$365,942$320,821$485,184
36$556,606$333,983$281,679$469,860
37$561,918$298,887$239,653$452,351
38$566,151$260,450$194,599$432,479
39$569,144$218,457$146,364$410,048
40$570,717$172,682$94,787$384,851
41$570,672$122,885$39,704$356,659
42$568,787$68,813$0$325,231
43$564,817$10,198$0$292,949
44$558,489$0$0$262,930
45$549,501$0$0$252,815
46$537,520$0$0$245,608
47$522,173$0$0$236,626
48$503,050$0$0$225,656
49$479,697$0$0$212,461
50$451,610$0$0$196,780
51$418,232$0$0$178,323
52$378,946$0$0$156,769
53$333,073$0$0$131,765
54$279,858$0$0$102,919
55$218,468$0$0$69,799
56$147,984$0$0$31,927
57$67,388$0$0$0
58$0$0$0$0
59$0$0$0$0
60$0$0$0$0
61$0$0$0$0
62$0$0$0$0
63$0$0$0$0
64$0$0$0$0
65$0$0$0$0
66$0$0$0$0
67$0$0$0$0
68$0$0$0$0
69$0$0$0$0
70$0$0$0$0
71$0$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0