Can I retire at age 30 with 458,000?

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 $458,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$37,821$37,484$37,156$36,835$36,522$36,110
2 years$18,723$18,375$18,037$17,709$17,391$16,977
3 years$12,358$12,008$11,671$11,346$11,034$10,630
4 years$9,176$8,827$8,493$8,174$7,869$7,478
5 years$7,268$6,921$6,591$6,279$5,982$5,606
6 years$5,996$5,651$5,327$5,021$4,733$4,372
7 years$5,087$4,746$4,427$4,128$3,850$3,503
8 years$4,407$4,068$3,754$3,463$3,194$2,862
9 years$3,877$3,542$3,233$2,950$2,689$2,372
10 years$3,454$3,122$2,819$2,543$2,292$1,989
11 years$3,108$2,779$2,482$2,213$1,971$1,683
12 years$2,820$2,495$2,202$1,941$1,708$1,434
13 years$2,576$2,254$1,968$1,714$1,489$1,229
14 years$2,368$2,049$1,768$1,521$1,306$1,058
15 years$2,187$1,872$1,596$1,357$1,149$915
16 years$2,029$1,718$1,447$1,215$1,016$794
17 years$1,890$1,582$1,317$1,091$901$691
18 years$1,766$1,462$1,202$984$801$603
19 years$1,656$1,355$1,101$889$714$527
20 years$1,557$1,259$1,010$805$638$462
21 years$1,467$1,173$929$731$571$405
22 years$1,385$1,094$856$664$511$356
23 years$1,311$1,024$791$605$459$313
24 years$1,243$959$731$552$413$276
25 years$1,181$900$677$504$371$243
26 years$1,123$846$628$461$335$214
27 years$1,070$796$583$422$302$189
28 years$1,021$750$542$386$272$167
29 years$975$708$505$354$246$148
30 years$932$668$470$325$222$131
31 years$892$632$438$299$201$116
32 years$855$598$409$274$182$102
33 years$820$566$382$252$164$90
34 years$787$537$357$232$149$80
35 years$757$509$333$214$135$71
36 years$727$483$312$197$122$63
37 years$700$459$292$181$111$56
38 years$674$436$273$167$100$49
39 years$649$415$256$154$91$44
40 years$626$394$240$142$83$39
41 years$604$375$225$131$75$34
42 years$583$358$211$121$68$30
43 years$563$341$198$112$62$27
44 years$544$325$186$103$56$24
45 years$526$310$175$95$51$21
46 years$509$295$164$88$46$19
47 years$492$282$154$81$42$17
48 years$477$269$145$75$38$15
49 years$462$257$136$69$35$13
50 years$447$246$128$64$31$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $458,000, adding $6,911 every year, while hoping to spend $33,964 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: 61/17/22 Blend
29$458,000$458,000$458,000$458,000
30$511,845$487,571$480,472$539,710
31$527,915$475,324$460,430$547,144
32$544,487$461,339$438,579$550,910
33$561,575$445,495$414,821$554,261
34$579,194$427,663$389,057$557,161
35$597,362$407,708$361,179$559,574
36$616,093$385,487$331,080$561,460
37$635,407$360,847$298,643$562,777
38$655,318$333,629$263,748$563,481
39$675,847$303,663$226,269$563,526
40$697,011$270,770$186,077$562,862
41$718,828$234,760$143,033$561,436
42$741,319$195,433$96,994$559,195
43$764,502$152,579$47,813$556,080
44$788,399$105,972$0$552,028
45$813,029$55,379$0$548,073
46$838,415$549$0$555,097
47$864,577$0$0$561,833
48$891,538$0$0$579,241
49$919,321$0$0$597,285
50$947,948$0$0$615,877
51$977,443$0$0$635,031
52$1,007,830$0$0$654,764
53$1,039,133$0$0$675,091
54$1,071,376$0$0$696,027
55$1,104,586$0$0$717,590
56$1,138,786$0$0$739,795
57$1,174,003$0$0$762,658
58$1,210,263$0$0$786,197
59$1,247,592$0$0$810,428
60$1,286,015$0$0$835,368
61$1,325,559$0$0$861,033
62$1,366,251$0$0$887,441
63$1,408,115$0$0$914,607
64$1,451,179$0$0$942,549
65$1,495,468$0$0$971,282
66$1,541,007$0$0$1,000,823
67$1,587,820$0$0$1,031,187
68$1,635,931$0$0$1,062,389
69$1,685,363$0$0$1,094,443
70$1,736,139$0$0$1,127,363
71$1,788,278$0$0$1,161,161
72$1,841,799$0$0$1,195,849
73$1,896,720$0$0$1,231,437
74$1,953,055$0$0$1,267,934
75$2,010,816$0$0$1,305,346
76$2,070,013$0$0$1,343,679
77$2,130,653$0$0$1,382,936
78$2,192,737$0$0$1,423,116
79$2,256,263$0$0$1,464,217
80$2,321,225$0$0$1,506,232
81$2,387,609$0$0$1,549,152
82$2,455,398$0$0$1,592,962
83$2,524,566$0$0$1,637,643
84$2,595,078$0$0$1,683,171
85$2,666,892$0$0$1,729,515
86$2,739,956$0$0$1,776,638
87$2,814,204$0$0$1,824,495
88$2,889,561$0$0$1,873,033
89$2,965,937$0$0$1,922,188
90$3,043,224$0$0$1,971,888
91$3,121,300$0$0$2,022,046
92$3,200,021$0$0$2,072,565
93$3,279,222$0$0$2,123,331
94$3,358,715$0$0$2,174,216
95$3,438,285$0$0$2,225,071
96$3,517,685$0$0$2,275,730
97$3,596,638$0$0$2,326,003
98$3,674,829$0$0$2,375,675
99$3,751,903$0$0$2,424,504
100$3,827,458$0$0$2,472,220