Can I retire at age 30 with 457,000?

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 $457,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$37,739$37,402$37,075$36,754$36,442$35,360
2 years$18,682$18,335$17,997$17,670$17,353$16,273
3 years$12,331$11,982$11,645$11,322$11,010$9,964
4 years$9,156$8,808$8,475$8,157$7,852$6,849
5 years$7,252$6,906$6,577$6,265$5,969$5,011
6 years$5,983$5,639$5,315$5,010$4,723$3,812
7 years$5,076$4,736$4,417$4,119$3,841$2,976
8 years$4,397$4,059$3,746$3,455$3,187$2,367
9 years$3,869$3,534$3,226$2,943$2,684$1,909
10 years$3,447$3,115$2,813$2,537$2,287$1,556
11 years$3,101$2,773$2,476$2,208$1,967$1,279
12 years$2,814$2,489$2,198$1,937$1,704$1,057
13 years$2,571$2,250$1,963$1,710$1,486$879
14 years$2,363$2,045$1,764$1,518$1,303$734
15 years$2,182$1,868$1,593$1,354$1,147$615
16 years$2,025$1,714$1,444$1,212$1,014$516
17 years$1,886$1,578$1,314$1,089$899$435
18 years$1,762$1,458$1,200$981$799$367
19 years$1,652$1,352$1,098$887$712$310
20 years$1,553$1,256$1,008$803$636$262
21 years$1,464$1,170$927$729$569$222
22 years$1,382$1,092$854$663$510$188
23 years$1,308$1,021$789$604$458$160
24 years$1,241$957$730$551$412$136
25 years$1,178$898$676$503$371$115
26 years$1,121$844$627$460$334$98
27 years$1,068$794$582$421$301$83
28 years$1,019$749$541$386$272$71
29 years$973$706$503$354$245$60
30 years$930$667$469$324$222$51
31 years$890$630$437$298$200$44
32 years$853$597$408$274$181$37
33 years$818$565$381$252$164$32
34 years$786$535$356$232$148$27
35 years$755$508$333$213$134$23
36 years$726$482$311$196$122$20
37 years$698$458$291$181$110$17
38 years$673$435$273$167$100$14
39 years$648$414$256$154$91$12
40 years$625$394$240$142$82$10
41 years$603$375$225$131$75$9
42 years$582$357$211$121$68$8
43 years$562$340$198$112$62$6
44 years$543$324$186$103$56$5
45 years$525$309$174$95$51$5
46 years$508$295$164$88$46$4
47 years$491$281$154$81$42$3
48 years$476$269$145$75$38$3
49 years$461$256$136$69$34$2
50 years$446$245$128$64$31$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $457,000, adding $6,308 every year, while hoping to spend $30,898 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: 71/14/15 Blend
29$457,000$457,000$457,000$457,000
30$510,121$485,900$478,816$544,168
31$529,278$476,834$461,981$558,535
32$549,353$466,288$443,547$569,924
33$570,408$454,157$423,427$581,587
34$592,509$440,330$401,531$593,547
35$615,728$424,688$377,765$605,828
36$640,142$407,108$352,030$618,458
37$665,838$387,458$324,224$631,468
38$692,907$365,597$294,239$644,894
39$721,450$341,378$261,963$658,775
40$751,578$314,645$227,279$673,156
41$783,410$285,234$190,063$688,089
42$817,076$252,969$150,189$703,629
43$852,720$217,666$107,522$719,842
44$890,497$179,131$61,924$736,798
45$930,578$137,159$13,248$754,578
46$973,148$91,531$0$773,273
47$1,018,411$42,018$0$799,177
48$1,066,590$0$0$828,875
49$1,117,929$0$0$862,189
50$1,172,694$0$0$904,645
51$1,231,179$0$0$949,999
52$1,293,704$0$0$998,500
53$1,360,620$0$0$1,050,425
54$1,432,313$0$0$1,106,073
55$1,509,205$0$0$1,165,775
56$1,591,760$0$0$1,229,893
57$1,680,487$0$0$1,298,826
58$1,775,945$0$0$1,373,009
59$1,878,747$0$0$1,452,923
60$1,989,567$0$0$1,539,094
61$2,109,146$0$0$1,632,101
62$2,238,295$0$0$1,732,578
63$2,377,909$0$0$1,841,226
64$2,528,970$0$0$1,958,811
65$2,692,557$0$0$2,086,178
66$2,869,858$0$0$2,224,255
67$3,062,177$0$0$2,374,062
68$3,270,950$0$0$2,536,722
69$3,497,756$0$0$2,713,470
70$3,744,330$0$0$2,905,662
71$4,012,584$0$0$3,114,794
72$4,304,619$0$0$3,342,509
73$4,622,748$0$0$3,590,616
74$4,969,517$0$0$3,861,106
75$5,347,726$0$0$4,156,169
76$5,760,460$0$0$4,478,218
77$6,211,111$0$0$4,829,907
78$6,703,415$0$0$5,214,158
79$7,241,486$0$0$5,634,187
80$7,829,852$0$0$6,093,538
81$8,473,497$0$0$6,596,109
82$9,177,912$0$0$7,146,195
83$9,949,140$0$0$7,748,523
84$10,793,839$0$0$8,408,303
85$11,719,339$0$0$9,131,266
86$12,733,713$0$0$9,923,730
87$13,845,851$0$0$10,792,648
88$15,065,546$0$0$11,745,682
89$16,403,583$0$0$12,791,270
90$17,871,843$0$0$13,938,704
91$19,483,411$0$0$15,198,223
92$21,252,701$0$0$16,581,102
93$23,195,592$0$0$18,099,764
94$25,329,573$0$0$19,767,892
95$27,673,913$0$0$21,600,561
96$30,249,838$0$0$23,614,377
97$33,080,734$0$0$25,827,634
98$36,192,361$0$0$28,260,489
99$39,613,102$0$0$30,935,145
100$43,374,226$0$0$33,876,067