Can I retire at age 30 with 471,000?

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 $471,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$38,895$38,548$38,210$37,880$37,558$37,337
2 years$19,255$18,896$18,549$18,212$17,885$17,662
3 years$12,709$12,349$12,002$11,668$11,347$11,129
4 years$9,437$9,078$8,735$8,406$8,093$7,881
5 years$7,474$7,117$6,778$6,457$6,152$5,948
6 years$6,166$5,812$5,478$5,164$4,868$4,671
7 years$5,232$4,881$4,552$4,245$3,959$3,770
8 years$4,532$4,184$3,861$3,561$3,284$3,103
9 years$3,987$3,643$3,325$3,033$2,766$2,592
10 years$3,552$3,211$2,899$2,615$2,357$2,190
11 years$3,196$2,858$2,552$2,276$2,027$1,868
12 years$2,900$2,565$2,265$1,996$1,756$1,605
13 years$2,649$2,318$2,024$1,762$1,532$1,387
14 years$2,435$2,107$1,818$1,564$1,343$1,205
15 years$2,249$1,925$1,642$1,395$1,182$1,051
16 years$2,087$1,766$1,488$1,249$1,045$920
17 years$1,944$1,627$1,354$1,122$926$808
18 years$1,816$1,503$1,236$1,011$824$712
19 years$1,703$1,393$1,132$914$734$628
20 years$1,601$1,295$1,039$828$656$555
21 years$1,509$1,206$955$751$587$492
22 years$1,425$1,126$881$683$526$436
23 years$1,348$1,053$813$622$472$388
24 years$1,279$986$752$567$424$345
25 years$1,214$926$696$518$382$307
26 years$1,155$870$646$474$344$274
27 years$1,100$819$600$434$310$244
28 years$1,050$771$558$397$280$218
29 years$1,003$728$519$364$253$194
30 years$959$687$483$334$228$174
31 years$918$650$451$307$206$155
32 years$879$615$420$282$187$139
33 years$843$582$393$260$169$124
34 years$810$552$367$239$153$111
35 years$778$523$343$220$139$100
36 years$748$497$321$202$126$89
37 years$720$472$300$187$114$80
38 years$693$448$281$172$103$72
39 years$668$426$263$159$94$64
40 years$644$406$247$146$85$57
41 years$621$386$232$135$77$52
42 years$600$368$217$125$70$46
43 years$579$350$204$115$63$41
44 years$560$334$191$106$58$37
45 years$541$319$180$98$52$33
46 years$523$304$169$91$47$30
47 years$506$290$158$84$43$27
48 years$490$277$149$77$39$24
49 years$475$264$140$71$36$22
50 years$460$252$132$66$32$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $471,000, adding $5,525 every year, while hoping to spend $25,998 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: 58/14/28 Blend
29$471,000$471,000$471,000$471,000
30$524,741$499,778$492,478$550,874
31$550,603$496,605$481,314$566,223
32$578,231$492,406$468,905$579,740
33$607,779$487,102$455,181$593,944
34$639,414$480,611$440,071$608,907
35$673,319$472,846$423,498$624,714
36$709,696$463,714$405,384$641,456
37$748,766$453,117$385,645$659,236
38$790,771$440,951$364,195$678,169
39$835,978$427,106$340,945$698,384
40$884,680$411,466$315,798$720,023
41$937,197$393,908$288,658$743,244
42$993,883$374,302$259,420$768,225
43$1,055,126$352,509$227,976$795,162
44$1,121,351$328,384$194,216$824,273
45$1,193,027$301,773$158,020$855,801
46$1,270,668$272,512$119,267$890,016
47$1,354,842$240,431$77,827$927,218
48$1,446,170$205,346$33,569$967,739
49$1,545,337$167,066$0$1,011,949
50$1,653,097$125,388$0$1,064,338
51$1,770,278$80,096$0$1,132,247
52$1,897,790$30,965$0$1,206,186
53$2,036,638$0$0$1,286,760
54$2,187,924$0$0$1,378,064
55$2,352,863$0$0$1,482,845
56$2,532,792$0$0$1,597,186
57$2,729,181$0$0$1,722,028
58$2,943,651$0$0$1,858,404
59$3,177,983$0$0$2,007,453
60$3,434,141$0$0$2,170,430
61$3,714,285$0$0$2,348,714
62$4,020,795$0$0$2,543,825
63$4,356,289$0$0$2,757,437
64$4,723,653$0$0$2,991,394
65$5,126,064$0$0$3,247,723
66$5,567,019$0$0$3,528,662
67$6,050,371$0$0$3,836,670
68$6,580,365$0$0$4,174,461
69$7,161,672$0$0$4,545,019
70$7,799,442$0$0$4,951,634
71$8,499,343$0$0$5,397,929
72$9,267,622$0$0$5,887,894
73$10,111,157$0$0$6,425,927
74$11,037,527$0$0$7,016,869
75$12,055,081$0$0$7,666,056
76$13,173,014$0$0$8,379,364
77$14,401,459$0$0$9,163,267
78$15,751,576$0$0$10,024,898
79$17,235,662$0$0$10,972,116
80$18,867,263$0$0$12,013,577
81$20,661,306$0$0$13,158,820
82$22,634,232$0$0$14,418,353
83$24,804,159$0$0$15,803,754
84$27,191,048$0$0$17,327,781
85$29,816,890$0$0$19,004,487
86$32,705,918$0$0$20,849,360
87$35,884,829$0$0$22,879,462
88$39,383,040$0$0$25,113,593
89$43,232,965$0$0$27,572,469
90$47,470,317$0$0$30,278,916
91$52,134,449$0$0$33,258,082
92$57,268,719$0$0$36,537,681
93$62,920,907$0$0$40,148,248
94$69,143,657$0$0$44,123,431
95$75,994,980$0$0$48,500,303
96$83,538,796$0$0$53,319,720
97$91,845,539$0$0$58,626,698
98$100,992,822$0$0$64,470,840
99$111,066,168$0$0$70,906,809
100$122,159,816$0$0$77,994,834