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%19.3%
1 years$37,821$37,484$37,156$36,835$36,522$35,156
2 years$18,723$18,375$18,037$17,709$17,391$16,031
3 years$12,358$12,008$11,671$11,346$11,034$9,722
4 years$9,176$8,827$8,493$8,174$7,869$6,615
5 years$7,268$6,921$6,591$6,279$5,982$4,790
6 years$5,996$5,651$5,327$5,021$4,733$3,603
7 years$5,087$4,746$4,427$4,128$3,850$2,781
8 years$4,407$4,068$3,754$3,463$3,194$2,186
9 years$3,877$3,542$3,233$2,950$2,689$1,742
10 years$3,454$3,122$2,819$2,543$2,292$1,402
11 years$3,108$2,779$2,482$2,213$1,971$1,137
12 years$2,820$2,495$2,202$1,941$1,708$928
13 years$2,576$2,254$1,968$1,714$1,489$761
14 years$2,368$2,049$1,768$1,521$1,306$627
15 years$2,187$1,872$1,596$1,357$1,149$517
16 years$2,029$1,718$1,447$1,215$1,016$428
17 years$1,890$1,582$1,317$1,091$901$356
18 years$1,766$1,462$1,202$984$801$295
19 years$1,656$1,355$1,101$889$714$246
20 years$1,557$1,259$1,010$805$638$205
21 years$1,467$1,173$929$731$571$171
22 years$1,385$1,094$856$664$511$143
23 years$1,311$1,024$791$605$459$119
24 years$1,243$959$731$552$413$100
25 years$1,181$900$677$504$371$83
26 years$1,123$846$628$461$335$70
27 years$1,070$796$583$422$302$58
28 years$1,021$750$542$386$272$49
29 years$975$708$505$354$246$41
30 years$932$668$470$325$222$34
31 years$892$632$438$299$201$29
32 years$855$598$409$274$182$24
33 years$820$566$382$252$164$20
34 years$787$537$357$232$149$17
35 years$757$509$333$214$135$14
36 years$727$483$312$197$122$12
37 years$700$459$292$181$111$10
38 years$674$436$273$167$100$8
39 years$649$415$256$154$91$7
40 years$626$394$240$142$83$6
41 years$604$375$225$131$75$5
42 years$583$358$211$121$68$4
43 years$563$341$198$112$62$3
44 years$544$325$186$103$56$3
45 years$526$310$175$95$51$2
46 years$509$295$164$88$46$2
47 years$492$282$154$81$42$2
48 years$477$269$145$75$38$1
49 years$462$257$136$69$35$1
50 years$447$246$128$64$31$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $458,000, adding $2,625 every year, while hoping to spend $29,795 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: 45/42/13 Blend
29$458,000$458,000$458,000$458,000
30$507,424$483,150$476,051$528,265
31$527,479$475,122$460,297$534,995
32$548,582$465,703$443,016$539,059
33$570,807$454,792$424,127$542,808
34$594,236$442,284$403,543$546,226
35$618,960$428,067$381,173$549,295
36$645,074$412,023$356,922$551,998
37$672,687$394,027$330,694$554,321
38$701,912$373,946$302,384$556,248
39$732,878$351,641$271,885$557,767
40$765,723$326,962$239,084$558,866
41$800,598$299,755$203,865$559,535
42$837,669$269,852$166,104$559,767
43$877,116$237,079$125,673$559,557
44$919,137$201,252$82,439$558,905
45$963,951$162,175$36,262$557,813
46$1,011,794$119,642$0$556,289
47$1,062,926$73,434$0$556,151
48$1,117,634$23,322$0$561,098
49$1,176,231$0$0$566,143
50$1,239,059$0$0$585,641
51$1,306,495$0$0$618,175
52$1,378,953$0$0$653,171
53$1,456,886$0$0$690,853
54$1,540,793$0$0$731,466
55$1,631,221$0$0$775,282
56$1,728,770$0$0$822,597
57$1,834,100$0$0$873,737
58$1,947,938$0$0$929,062
59$2,071,080$0$0$988,965
60$2,204,403$0$0$1,053,880
61$2,348,870$0$0$1,124,284
62$2,505,541$0$0$1,200,701
63$2,675,580$0$0$1,283,707
64$2,860,270$0$0$1,373,936
65$3,061,018$0$0$1,472,087
66$3,279,377$0$0$1,578,926
67$3,517,052$0$0$1,695,298
68$3,775,919$0$0$1,822,133
69$4,058,045$0$0$1,960,453
70$4,365,702$0$0$2,111,385
71$4,701,394$0$0$2,276,167
72$5,067,873$0$0$2,456,163
73$5,468,171$0$0$2,652,876
74$5,905,627$0$0$2,867,958
75$6,383,913$0$0$3,103,230
76$6,907,076$0$0$3,360,696
77$7,479,570$0$0$3,642,563
78$8,106,299$0$0$3,951,262
79$8,792,664$0$0$4,289,468
80$9,544,614$0$0$4,660,129
81$10,368,698$0$0$5,066,492
82$11,272,131$0$0$5,512,130
83$12,262,857$0$0$6,000,983
84$13,349,628$0$0$6,537,388
85$14,542,083$0$0$7,126,121
86$15,850,837$0$0$7,772,446
87$17,287,587$0$0$8,482,158
88$18,865,214$0$0$9,261,645
89$20,597,909$0$0$10,117,939
90$22,501,305$0$0$11,058,792
91$24,592,623$0$0$12,092,739
92$26,890,836$0$0$13,229,186
93$29,416,843$0$0$14,478,495
94$32,193,673$0$0$15,852,081
95$35,246,693$0$0$17,362,522
96$38,603,853$0$0$19,023,674
97$42,295,946$0$0$20,850,803
98$46,356,900$0$0$22,860,732
99$50,824,094$0$0$25,071,992
100$55,738,713$0$0$27,505,004