Can I retire at age 30 with 462,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $462,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.1%
1 years$38,152$37,812$37,480$37,157$36,841$35,491
2 years$18,887$18,535$18,194$17,864$17,543$16,199
3 years$12,466$12,113$11,773$11,445$11,130$9,833
4 years$9,256$8,904$8,568$8,246$7,938$6,698
5 years$7,331$6,981$6,649$6,334$6,034$4,854
6 years$6,048$5,701$5,373$5,065$4,775$3,656
7 years$5,132$4,787$4,465$4,164$3,883$2,825
8 years$4,445$4,104$3,787$3,493$3,221$2,224
9 years$3,911$3,573$3,262$2,975$2,713$1,774
10 years$3,484$3,149$2,844$2,565$2,312$1,429
11 years$3,135$2,804$2,503$2,232$1,988$1,161
12 years$2,845$2,516$2,222$1,958$1,723$949
13 years$2,599$2,274$1,985$1,729$1,502$779
14 years$2,388$2,067$1,783$1,534$1,317$642
15 years$2,206$1,888$1,610$1,368$1,160$531
16 years$2,047$1,733$1,460$1,225$1,025$440
17 years$1,906$1,596$1,328$1,101$909$366
18 years$1,782$1,474$1,213$992$808$305
19 years$1,670$1,366$1,110$896$720$254
20 years$1,570$1,270$1,019$812$643$212
21 years$1,480$1,183$937$737$576$177
22 years$1,398$1,104$864$670$516$148
23 years$1,323$1,033$798$610$463$124
24 years$1,254$967$738$557$416$104
25 years$1,191$908$683$508$375$87
26 years$1,133$853$634$465$337$73
27 years$1,079$803$588$425$304$61
28 years$1,030$757$547$390$274$51
29 years$983$714$509$357$248$43
30 years$940$674$474$328$224$36
31 years$900$637$442$301$202$30
32 years$863$603$412$277$183$25
33 years$827$571$385$255$166$21
34 years$794$541$360$234$150$18
35 years$763$513$336$216$136$15
36 years$734$487$315$199$123$13
37 years$706$463$294$183$112$11
38 years$680$440$276$169$101$9
39 years$655$418$258$156$92$7
40 years$632$398$242$143$83$6
41 years$609$379$227$132$76$5
42 years$588$361$213$122$69$4
43 years$568$344$200$113$62$4
44 years$549$328$188$104$56$3
45 years$531$312$176$96$51$3
46 years$513$298$165$89$47$2
47 years$497$284$155$82$42$2
48 years$481$272$146$76$38$2
49 years$466$259$137$70$35$1
50 years$451$248$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 $462,000, adding $2,206 every year, while hoping to spend $22,310 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: 31/43/26 Blend
29$462,000$462,000$462,000$462,000
30$511,399$486,913$479,752$523,111
31$539,825$487,035$472,087$532,413
32$570,401$486,414$463,416$540,295
33$603,326$484,991$453,684$548,333
34$638,812$482,704$442,830$556,557
35$677,098$479,483$430,792$564,999
36$718,443$475,259$417,504$573,699
37$763,132$469,954$402,898$582,701
38$811,478$463,488$386,901$592,058
39$863,826$455,777$369,440$601,828
40$920,556$446,729$350,436$612,079
41$982,083$436,250$329,807$622,888
42$1,048,867$424,237$307,466$634,344
43$1,121,411$410,585$283,326$646,546
44$1,200,270$395,178$257,292$659,607
45$1,286,053$377,897$229,267$673,656
46$1,379,432$358,616$199,149$688,836
47$1,481,145$337,198$166,831$705,312
48$1,592,004$313,504$132,202$723,266
49$1,712,904$287,381$95,147$742,905
50$1,844,829$258,672$55,543$764,462
51$1,988,863$227,207$13,265$788,196
52$2,146,197$192,811$0$814,400
53$2,318,146$155,295$0$852,238
54$2,506,154$114,462$0$897,740
55$2,711,812$70,102$0$947,671
56$2,936,874$21,994$0$1,002,530
57$3,183,269$0$0$1,062,871
58$3,453,121$0$0$1,143,549
59$3,748,771$0$0$1,243,411
60$4,072,795$0$0$1,352,931
61$4,428,031$0$0$1,473,077
62$4,817,606$0$0$1,604,915
63$5,244,961$0$0$1,749,621
64$5,713,889$0$0$1,908,488
65$6,228,568$0$0$2,082,942
66$6,793,597$0$0$2,274,555
67$7,414,045$0$0$2,485,054
68$8,095,495$0$0$2,716,348
69$8,844,098$0$0$2,970,534
70$9,666,628$0$0$3,249,927
71$10,570,549$0$0$3,557,075
72$11,564,086$0$0$3,894,785
73$12,656,296$0$0$4,266,150
74$13,857,161$0$0$4,674,578
75$15,177,677$0$0$5,123,825
76$16,629,958$0$0$5,618,026
77$18,227,354$0$0$6,161,741
78$19,984,569$0$0$6,759,990
79$21,917,808$0$0$7,418,309
80$24,044,925$0$0$8,142,793
81$26,385,589$0$0$8,940,160
82$28,961,476$0$0$9,817,814
83$31,796,467$0$0$10,783,909
84$34,916,875$0$0$11,847,434
85$38,351,697$0$0$13,018,290
86$42,132,879$0$0$14,307,390
87$46,295,625$0$0$15,726,756
88$50,878,724$0$0$17,289,639
89$55,924,919$0$0$19,010,637
90$61,481,308$0$0$20,905,836
91$67,599,789$0$0$22,992,962
92$74,337,547$0$0$25,291,550
93$81,757,597$0$0$27,823,123
94$89,929,378$0$0$30,611,399
95$98,929,404$0$0$33,682,515
96$108,841,991$0$0$37,065,269
97$119,760,048$0$0$40,791,400
98$131,785,956$0$0$44,895,879
99$145,032,534$0$0$49,417,242
100$159,624,102$0$0$54,397,957