Can I retire at age 30 with 470,000?

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 $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%16.1%
1 years$38,812$38,466$38,129$37,800$37,478$36,543
2 years$19,214$18,856$18,509$18,173$17,847$16,910
3 years$12,682$12,323$11,977$11,644$11,323$10,414
4 years$9,417$9,058$8,716$8,389$8,076$7,202
5 years$7,458$7,102$6,764$6,443$6,139$5,303
6 years$6,153$5,799$5,466$5,153$4,857$4,060
7 years$5,221$4,870$4,543$4,236$3,950$3,192
8 years$4,522$4,175$3,852$3,554$3,277$2,557
9 years$3,979$3,635$3,318$3,027$2,760$2,077
10 years$3,545$3,204$2,893$2,609$2,352$1,706
11 years$3,190$2,852$2,547$2,271$2,022$1,412
12 years$2,894$2,560$2,260$1,992$1,753$1,177
13 years$2,644$2,314$2,019$1,759$1,528$987
14 years$2,430$2,103$1,814$1,561$1,340$830
15 years$2,244$1,921$1,638$1,392$1,180$702
16 years$2,082$1,763$1,485$1,247$1,043$594
17 years$1,939$1,623$1,351$1,120$924$505
18 years$1,813$1,500$1,234$1,009$822$430
19 years$1,699$1,390$1,129$912$733$366
20 years$1,597$1,292$1,037$826$654$313
21 years$1,505$1,203$953$750$586$268
22 years$1,422$1,123$879$682$525$229
23 years$1,346$1,050$811$621$471$196
24 years$1,276$984$750$566$423$168
25 years$1,212$924$695$517$381$144
26 years$1,153$868$645$473$343$124
27 years$1,098$817$599$433$309$106
28 years$1,048$770$556$396$279$91
29 years$1,001$726$518$364$252$79
30 years$957$686$482$334$228$68
31 years$916$648$450$306$206$58
32 years$878$613$420$282$186$50
33 years$842$581$392$259$169$43
34 years$808$551$366$238$153$37
35 years$776$522$342$219$138$32
36 years$746$496$320$202$125$27
37 years$718$471$300$186$114$24
38 years$692$447$281$172$103$20
39 years$666$425$263$158$93$17
40 years$643$405$246$146$85$15
41 years$620$385$231$135$77$13
42 years$598$367$217$124$70$11
43 years$578$350$203$115$63$10
44 years$558$333$191$106$57$8
45 years$540$318$179$98$52$7
46 years$522$303$168$90$47$6
47 years$505$289$158$83$43$5
48 years$489$276$149$77$39$5
49 years$474$264$140$71$35$4
50 years$459$252$131$66$32$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $470,000, adding $4,453 every year, while hoping to spend $35,269 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: 36/46/18 Blend
29$470,000$470,000$470,000$470,000
30$522,533$497,623$490,338$538,340
31$538,306$484,481$469,239$537,081
32$554,505$469,512$446,250$532,085
33$571,137$452,591$421,272$525,951
34$588,208$433,583$394,200$518,597
35$605,723$412,346$364,923$509,936
36$623,686$388,731$333,328$499,877
37$642,101$362,578$299,293$488,321
38$660,971$333,719$262,695$475,166
39$680,296$301,978$223,402$460,303
40$700,078$267,167$181,277$443,616
41$720,315$229,087$136,179$424,981
42$741,005$187,529$87,958$404,271
43$762,141$142,273$36,459$381,346
44$783,719$93,083$0$356,062
45$805,729$39,715$0$331,818
46$828,159$0$0$312,602
47$850,995$0$0$300,422
48$874,218$0$0$308,464
49$897,807$0$0$316,614
50$921,736$0$0$324,861
51$945,976$0$0$333,192
52$970,490$0$0$341,591
53$995,237$0$0$350,041
54$1,020,170$0$0$358,522
55$1,045,233$0$0$367,009
56$1,070,365$0$0$375,479
57$1,095,493$0$0$383,899
58$1,120,537$0$0$392,237
59$1,145,405$0$0$400,455
60$1,169,992$0$0$408,510
61$1,194,181$0$0$416,353
62$1,217,840$0$0$423,931
63$1,240,821$0$0$431,183
64$1,262,957$0$0$438,041
65$1,284,061$0$0$444,429
66$1,303,925$0$0$450,262
67$1,322,315$0$0$455,447
68$1,338,970$0$0$459,876
69$1,353,601$0$0$463,434
70$1,365,882$0$0$465,989
71$1,375,454$0$0$467,396
72$1,381,915$0$0$467,493
73$1,384,820$0$0$466,102
74$1,383,672$0$0$463,023
75$1,377,921$0$0$458,036
76$1,366,957$0$0$450,895
77$1,350,102$0$0$441,329
78$1,326,605$0$0$429,037
79$1,295,633$0$0$413,687
80$1,256,264$0$0$394,908
81$1,207,476$0$0$372,294
82$1,148,139$0$0$345,391
83$1,077,001$0$0$313,701
84$992,676$0$0$276,671
85$893,634$0$0$233,689
86$778,180$0$0$184,080
87$644,443$0$0$127,097
88$490,350$0$0$61,916
89$313,616$0$0$0
90$111,712$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0