Can I retire at age 30 with 477,000?

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 $477,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.3%
1 years$39,390$39,039$38,697$38,363$38,037$37,208
2 years$19,500$19,137$18,785$18,444$18,113$17,282
3 years$12,871$12,506$12,155$11,817$11,491$10,685
4 years$9,557$9,193$8,846$8,514$8,196$7,419
5 years$7,569$7,208$6,865$6,539$6,230$5,486
6 years$6,244$5,886$5,548$5,229$4,930$4,218
7 years$5,298$4,943$4,610$4,299$4,009$3,331
8 years$4,589$4,237$3,910$3,607$3,326$2,681
9 years$4,038$3,689$3,368$3,072$2,801$2,188
10 years$3,597$3,252$2,936$2,648$2,387$1,806
11 years$3,237$2,895$2,585$2,305$2,053$1,503
12 years$2,937$2,598$2,294$2,022$1,779$1,259
13 years$2,683$2,348$2,049$1,785$1,551$1,061
14 years$2,466$2,134$1,841$1,584$1,360$898
15 years$2,278$1,950$1,663$1,413$1,197$763
16 years$2,113$1,789$1,507$1,265$1,058$650
17 years$1,968$1,647$1,372$1,137$938$555
18 years$1,840$1,522$1,252$1,024$834$476
19 years$1,725$1,411$1,146$926$743$408
20 years$1,621$1,311$1,052$838$664$351
21 years$1,528$1,221$968$761$594$302
22 years$1,443$1,140$892$692$533$260
23 years$1,366$1,066$823$630$478$224
24 years$1,295$999$762$575$430$193
25 years$1,230$937$705$525$387$167
26 years$1,170$881$654$480$348$144
27 years$1,114$829$607$439$314$125
28 years$1,063$781$565$402$283$108
29 years$1,015$737$525$369$256$93
30 years$971$696$489$339$231$81
31 years$929$658$456$311$209$70
32 years$891$623$426$286$189$60
33 years$854$590$398$263$171$52
34 years$820$559$371$242$155$45
35 years$788$530$347$223$140$39
36 years$758$503$325$205$127$34
37 years$729$478$304$189$115$30
38 years$702$454$285$174$104$26
39 years$676$432$267$161$95$22
40 years$652$411$250$148$86$19
41 years$629$391$234$137$78$17
42 years$607$372$220$126$71$14
43 years$587$355$206$116$64$13
44 years$567$338$194$107$58$11
45 years$548$323$182$99$53$9
46 years$530$308$171$92$48$8
47 years$513$294$161$85$44$7
48 years$496$280$151$78$40$6
49 years$481$268$142$72$36$5
50 years$466$256$133$67$33$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $477,000, adding $5,605 every year, while hoping to spend $27,203 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: 47/33/20 Blend
29$477,000$477,000$477,000$477,000
30$531,436$506,155$498,761$553,152
31$556,698$502,012$486,526$564,732
32$583,626$496,755$472,969$574,122
33$612,360$490,301$458,017$583,746
34$643,054$482,559$441,595$593,638
35$675,879$473,438$423,622$603,838
36$711,020$462,838$404,014$614,389
37$748,681$450,653$382,685$625,344
38$789,085$436,773$359,543$636,760
39$832,477$421,081$334,494$648,705
40$879,126$403,451$307,436$661,254
41$929,329$383,752$278,267$674,493
42$983,409$361,844$246,878$688,519
43$1,041,723$337,581$213,154$703,443
44$1,104,662$310,805$176,978$719,389
45$1,172,657$281,354$138,226$736,497
46$1,246,179$249,051$96,768$754,925
47$1,325,749$213,715$52,469$774,852
48$1,411,937$175,149$5,189$796,475
49$1,505,372$133,148$0$820,019
50$1,606,744$87,497$0$855,395
51$1,716,812$37,964$0$895,034
52$1,836,412$0$0$938,176
53$1,966,463$0$0$990,905
54$2,107,975$0$0$1,063,330
55$2,262,060$0$0$1,142,240
56$2,429,943$0$0$1,228,269
57$2,612,970$0$0$1,322,111
58$2,812,624$0$0$1,424,536
59$3,030,537$0$0$1,536,386
60$3,268,503$0$0$1,658,591
61$3,528,502$0$0$1,792,174
62$3,812,708$0$0$1,938,261
63$4,123,518$0$0$2,098,093
64$4,463,572$0$0$2,273,035
65$4,835,774$0$0$2,464,590
66$5,243,323$0$0$2,674,415
67$5,689,743$0$0$2,904,332
68$6,178,913$0$0$3,156,350
69$6,715,107$0$0$3,432,682
70$7,303,029$0$0$3,735,762
71$7,947,863$0$0$4,068,274
72$8,655,318$0$0$4,433,174
73$9,431,682$0$0$4,833,716
74$10,283,880$0$0$5,273,487
75$11,219,544$0$0$5,756,437
76$12,247,076$0$0$6,286,916
77$13,375,735$0$0$6,869,720
78$14,615,721$0$0$7,510,127
79$15,978,268$0$0$8,213,957
80$17,475,755$0$0$8,987,618
81$19,121,818$0$0$9,838,171
82$20,931,481$0$0$10,773,396
83$22,921,296$0$0$11,801,863
84$25,109,499$0$0$12,933,016
85$27,516,180$0$0$14,177,258
86$30,163,476$0$0$15,546,053
87$33,075,777$0$0$17,052,030
88$36,279,955$0$0$18,709,106
89$39,805,618$0$0$20,532,613
90$43,685,390$0$0$22,539,446
91$47,955,215$0$0$24,748,220
92$52,654,701$0$0$27,179,447
93$57,827,489$0$0$29,855,726
94$63,521,664$0$0$32,801,960
95$69,790,212$0$0$36,045,591
96$76,691,516$0$0$39,616,853
97$84,289,908$0$0$43,549,065
98$92,656,275$0$0$47,878,937
99$101,868,729$0$0$52,646,925
100$112,013,341$0$0$57,897,604