Can I retire at age 30 with 470,000?

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 $470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$38,812$38,466$38,129$37,800$37,478$36,602
2 years$19,214$18,856$18,509$18,173$17,847$16,969
3 years$12,682$12,323$11,977$11,644$11,323$10,471
4 years$9,417$9,058$8,716$8,389$8,076$7,256
5 years$7,458$7,102$6,764$6,443$6,139$5,354
6 years$6,153$5,799$5,466$5,153$4,857$4,108
7 years$5,221$4,870$4,543$4,236$3,950$3,237
8 years$4,522$4,175$3,852$3,554$3,277$2,599
9 years$3,979$3,635$3,318$3,027$2,760$2,116
10 years$3,545$3,204$2,893$2,609$2,352$1,742
11 years$3,190$2,852$2,547$2,271$2,022$1,446
12 years$2,894$2,560$2,260$1,992$1,753$1,209
13 years$2,644$2,314$2,019$1,759$1,528$1,016
14 years$2,430$2,103$1,814$1,561$1,340$857
15 years$2,244$1,921$1,638$1,392$1,180$726
16 years$2,082$1,763$1,485$1,247$1,043$617
17 years$1,939$1,623$1,351$1,120$924$526
18 years$1,813$1,500$1,234$1,009$822$449
19 years$1,699$1,390$1,129$912$733$384
20 years$1,597$1,292$1,037$826$654$329
21 years$1,505$1,203$953$750$586$282
22 years$1,422$1,123$879$682$525$242
23 years$1,346$1,050$811$621$471$208
24 years$1,276$984$750$566$423$179
25 years$1,212$924$695$517$381$154
26 years$1,153$868$645$473$343$133
27 years$1,098$817$599$433$309$114
28 years$1,048$770$556$396$279$99
29 years$1,001$726$518$364$252$85
30 years$957$686$482$334$228$73
31 years$916$648$450$306$206$63
32 years$878$613$420$282$186$55
33 years$842$581$392$259$169$47
34 years$808$551$366$238$153$41
35 years$776$522$342$219$138$35
36 years$746$496$320$202$125$30
37 years$718$471$300$186$114$26
38 years$692$447$281$172$103$23
39 years$666$425$263$158$93$20
40 years$643$405$246$146$85$17
41 years$620$385$231$135$77$15
42 years$598$367$217$124$70$13
43 years$578$350$203$115$63$11
44 years$558$333$191$106$57$9
45 years$540$318$179$98$52$8
46 years$522$303$168$90$47$7
47 years$505$289$158$83$43$6
48 years$489$276$149$77$39$5
49 years$474$264$140$71$35$5
50 years$459$252$131$66$32$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $470,000, adding $3,371 every year, while hoping to spend $32,673 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: 78/14/8 Blend
29$470,000$470,000$470,000$470,000
30$521,417$496,507$489,222$561,245
31$539,838$486,072$470,847$577,435
32$559,043$474,031$450,762$590,611
33$579,076$460,270$428,874$604,101
34$599,989$444,670$405,088$617,923
35$621,832$427,103$379,303$632,094
36$644,664$407,436$351,414$646,635
37$668,546$385,526$321,313$661,571
38$693,544$361,224$288,884$676,926
39$719,733$334,371$254,008$692,730
40$747,188$304,798$216,560$709,016
41$775,997$272,329$176,411$725,820
42$806,251$236,775$133,423$743,182
43$838,051$197,939$87,454$761,149
44$871,505$155,611$38,357$779,771
45$906,733$109,571$0$799,105
46$943,863$59,583$0$820,413
47$983,037$5,403$0$846,140
48$1,024,409$0$0$873,101
49$1,068,145$0$0$909,602
50$1,114,428$0$0$949,117
51$1,163,458$0$0$990,984
52$1,215,453$0$0$1,035,390
53$1,270,651$0$0$1,082,541
54$1,329,312$0$0$1,132,660
55$1,391,723$0$0$1,185,992
56$1,458,194$0$0$1,242,804
57$1,529,068$0$0$1,303,390
58$1,604,717$0$0$1,368,071
59$1,685,554$0$0$1,437,200
60$1,772,026$0$0$1,511,161
61$1,864,626$0$0$1,590,378
62$1,963,895$0$0$1,675,316
63$2,070,425$0$0$1,766,483
64$2,184,867$0$0$1,864,438
65$2,307,934$0$0$1,969,794
66$2,440,412$0$0$2,083,225
67$2,583,159$0$0$2,205,469
68$2,737,123$0$0$2,337,340
69$2,903,340$0$0$2,479,730
70$3,082,954$0$0$2,633,619
71$3,277,217$0$0$2,800,084
72$3,487,509$0$0$2,980,311
73$3,715,346$0$0$3,175,602
74$3,962,393$0$0$3,387,388
75$4,230,484$0$0$3,617,244
76$4,521,633$0$0$3,866,903
77$4,838,058$0$0$4,138,268
78$5,182,198$0$0$4,433,437
79$5,556,737$0$0$4,754,714
80$5,964,625$0$0$5,104,638
81$6,409,113$0$0$5,485,999
82$6,893,776$0$0$5,901,870
83$7,422,549$0$0$6,355,634
84$7,999,763$0$0$6,851,013
85$8,630,187$0$0$7,392,104
86$9,319,069$0$0$7,983,419
87$10,072,187$0$0$8,629,923
88$10,895,906$0$0$9,337,085
89$11,797,228$0$0$10,110,925
90$12,783,869$0$0$10,958,072
91$13,864,321$0$0$11,885,827
92$15,047,940$0$0$12,902,230
93$16,345,025$0$0$14,016,133
94$17,766,923$0$0$15,237,287
95$19,326,127$0$0$16,576,431
96$21,036,399$0$0$18,045,394
97$22,912,899$0$0$19,657,203
98$24,972,321$0$0$21,426,209
99$27,233,056$0$0$23,368,218
100$29,715,364$0$0$25,500,643