Can I retire at age 30 with 461,000?

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 $461,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$38,069$37,730$37,399$37,076$36,761$35,456
2 years$18,846$18,495$18,155$17,825$17,505$16,205
3 years$12,439$12,087$11,747$11,421$11,106$9,851
4 years$9,236$8,885$8,549$8,228$7,921$6,720
5 years$7,315$6,966$6,634$6,320$6,021$4,878
6 years$6,035$5,688$5,362$5,054$4,764$3,680
7 years$5,121$4,777$4,456$4,155$3,875$2,849
8 years$4,435$4,095$3,779$3,486$3,215$2,246
9 years$3,903$3,565$3,255$2,969$2,707$1,795
10 years$3,477$3,143$2,837$2,559$2,307$1,449
11 years$3,128$2,798$2,498$2,227$1,984$1,179
12 years$2,838$2,511$2,217$1,954$1,719$966
13 years$2,593$2,269$1,981$1,725$1,499$795
14 years$2,383$2,063$1,780$1,531$1,314$656
15 years$2,201$1,884$1,607$1,365$1,157$544
16 years$2,042$1,729$1,457$1,223$1,023$452
17 years$1,902$1,592$1,326$1,099$907$377
18 years$1,778$1,471$1,210$990$806$314
19 years$1,667$1,364$1,108$895$719$262
20 years$1,567$1,267$1,017$810$642$220
21 years$1,476$1,180$935$735$574$184
22 years$1,395$1,102$862$669$515$154
23 years$1,320$1,030$796$609$462$129
24 years$1,251$965$736$555$415$108
25 years$1,189$906$682$507$374$91
26 years$1,131$851$632$464$337$76
27 years$1,077$801$587$424$304$64
28 years$1,027$755$546$389$274$54
29 years$981$712$508$357$247$45
30 years$938$673$473$327$223$38
31 years$898$636$441$301$202$32
32 years$861$602$411$276$183$27
33 years$826$570$384$254$165$23
34 years$793$540$359$234$150$19
35 years$761$512$336$215$136$16
36 years$732$486$314$198$123$14
37 years$705$462$294$183$111$11
38 years$678$439$275$168$101$10
39 years$654$417$258$155$92$8
40 years$630$397$242$143$83$7
41 years$608$378$227$132$75$6
42 years$587$360$213$122$68$5
43 years$567$343$199$112$62$4
44 years$548$327$187$104$56$3
45 years$530$312$176$96$51$3
46 years$512$297$165$89$46$2
47 years$496$284$155$82$42$2
48 years$480$271$146$76$38$2
49 years$465$259$137$70$35$1
50 years$450$247$129$65$32$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $461,000, adding $5,159 every year, while hoping to spend $33,694 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: 47/37/16 Blend
29$461,000$461,000$461,000$461,000
30$513,344$488,911$481,765$534,927
31$529,854$477,017$462,054$538,543
32$546,920$463,411$440,553$538,627
33$564,562$447,974$417,168$537,989
34$582,801$430,579$391,797$536,575
35$601,662$411,092$364,337$534,328
36$621,167$389,372$334,678$531,187
37$641,344$365,269$302,708$527,090
38$662,219$338,625$268,306$521,969
39$683,819$309,272$231,348$515,753
40$706,176$277,033$191,706$508,367
41$729,320$241,722$149,242$499,734
42$753,285$203,140$103,816$489,770
43$778,106$161,080$55,279$478,388
44$803,820$115,320$3,479$465,497
45$830,467$65,628$0$451,000
46$858,088$11,758$0$443,640
47$886,729$0$0$435,674
48$916,436$0$0$445,379
49$947,261$0$0$460,422
50$979,255$0$0$476,042
51$1,012,478$0$0$492,268
52$1,046,989$0$0$509,130
53$1,082,854$0$0$526,662
54$1,120,144$0$0$544,899
55$1,158,932$0$0$563,878
56$1,199,300$0$0$583,640
57$1,241,333$0$0$604,229
58$1,285,124$0$0$625,691
59$1,330,773$0$0$648,077
60$1,378,387$0$0$671,440
61$1,428,082$0$0$695,841
62$1,479,982$0$0$721,342
63$1,534,223$0$0$748,011
64$1,590,949$0$0$775,924
65$1,650,319$0$0$805,159
66$1,712,502$0$0$835,804
67$1,777,685$0$0$867,953
68$1,846,068$0$0$901,708
69$1,917,868$0$0$937,181
70$1,993,322$0$0$974,493
71$2,072,687$0$0$1,013,774
72$2,156,243$0$0$1,055,169
73$2,244,293$0$0$1,098,832
74$2,337,171$0$0$1,144,935
75$2,435,236$0$0$1,193,661
76$2,538,885$0$0$1,245,214
77$2,648,545$0$0$1,299,813
78$2,764,688$0$0$1,357,701
79$2,887,827$0$0$1,419,141
80$3,018,521$0$0$1,484,421
81$3,157,385$0$0$1,553,855
82$3,305,088$0$0$1,627,790
83$3,462,365$0$0$1,706,603
84$3,630,019$0$0$1,790,707
85$3,808,931$0$0$1,880,555
86$4,000,063$0$0$1,976,645
87$4,204,474$0$0$2,079,520
88$4,423,322$0$0$2,189,779
89$4,657,877$0$0$2,308,075
90$4,909,533$0$0$2,435,128
91$5,179,819$0$0$2,571,727
92$5,470,414$0$0$2,718,738
93$5,783,161$0$0$2,877,112
94$6,120,083$0$0$3,047,893
95$6,483,402$0$0$3,232,230
96$6,875,561$0$0$3,431,383
97$7,299,242$0$0$3,646,737
98$7,757,394$0$0$3,879,816
99$8,253,256$0$0$4,132,295
100$8,790,391$0$0$4,406,013