Can I retire at age 30 with 477,000?

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 $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%11.8%
1 years$39,390$39,039$38,697$38,363$38,037$37,749
2 years$19,500$19,137$18,785$18,444$18,113$17,823
3 years$12,871$12,506$12,155$11,817$11,491$11,209
4 years$9,557$9,193$8,846$8,514$8,196$7,922
5 years$7,569$7,208$6,865$6,539$6,230$5,966
6 years$6,244$5,886$5,548$5,229$4,930$4,675
7 years$5,298$4,943$4,610$4,299$4,009$3,765
8 years$4,589$4,237$3,910$3,607$3,326$3,092
9 years$4,038$3,689$3,368$3,072$2,801$2,577
10 years$3,597$3,252$2,936$2,648$2,387$2,172
11 years$3,237$2,895$2,585$2,305$2,053$1,848
12 years$2,937$2,598$2,294$2,022$1,779$1,583
13 years$2,683$2,348$2,049$1,785$1,551$1,365
14 years$2,466$2,134$1,841$1,584$1,360$1,183
15 years$2,278$1,950$1,663$1,413$1,197$1,029
16 years$2,113$1,789$1,507$1,265$1,058$899
17 years$1,968$1,647$1,372$1,137$938$787
18 years$1,840$1,522$1,252$1,024$834$691
19 years$1,725$1,411$1,146$926$743$608
20 years$1,621$1,311$1,052$838$664$536
21 years$1,528$1,221$968$761$594$474
22 years$1,443$1,140$892$692$533$419
23 years$1,366$1,066$823$630$478$371
24 years$1,295$999$762$575$430$329
25 years$1,230$937$705$525$387$292
26 years$1,170$881$654$480$348$259
27 years$1,114$829$607$439$314$231
28 years$1,063$781$565$402$283$205
29 years$1,015$737$525$369$256$183
30 years$971$696$489$339$231$163
31 years$929$658$456$311$209$145
32 years$891$623$426$286$189$129
33 years$854$590$398$263$171$115
34 years$820$559$371$242$155$103
35 years$788$530$347$223$140$92
36 years$758$503$325$205$127$82
37 years$729$478$304$189$115$73
38 years$702$454$285$174$104$65
39 years$676$432$267$161$95$58
40 years$652$411$250$148$86$52
41 years$629$391$234$137$78$46
42 years$607$372$220$126$71$42
43 years$587$355$206$116$64$37
44 years$567$338$194$107$58$33
45 years$548$323$182$99$53$30
46 years$530$308$171$92$48$26
47 years$513$294$161$85$44$24
48 years$496$280$151$78$40$21
49 years$481$268$142$72$36$19
50 years$466$256$133$67$33$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $477,000, adding $2,812 every year, while hoping to spend $35,067 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: 50/37/13 Blend
29$477,000$477,000$477,000$477,000
30$528,555$503,274$495,880$552,980
31$545,156$490,623$475,181$557,391
32$562,276$476,177$452,613$558,272
33$579,929$459,811$428,077$558,439
34$598,133$441,393$401,469$557,837
35$616,903$420,782$372,679$556,407
36$636,258$397,831$341,594$554,085
37$656,214$372,383$308,095$550,804
38$676,790$344,272$272,059$546,493
39$698,005$313,323$233,355$541,077
40$719,877$279,352$191,848$534,478
41$742,427$242,162$147,397$526,610
42$765,674$201,547$99,854$517,385
43$789,639$157,289$49,066$506,710
44$814,343$109,158$0$494,485
45$839,808$56,908$0$481,316
46$866,057$285$0$473,691
47$893,111$0$0$464,704
48$920,994$0$0$479,085
49$949,730$0$0$494,024
50$979,343$0$0$509,419
51$1,009,858$0$0$525,281
52$1,041,300$0$0$541,625
53$1,073,695$0$0$558,462
54$1,107,069$0$0$575,807
55$1,141,449$0$0$593,673
56$1,176,861$0$0$612,075
57$1,213,334$0$0$631,025
58$1,250,894$0$0$650,539
59$1,289,570$0$0$670,630
60$1,329,390$0$0$691,314
61$1,370,383$0$0$712,603
62$1,412,577$0$0$734,514
63$1,456,001$0$0$757,061
64$1,500,683$0$0$780,257
65$1,546,653$0$0$804,118
66$1,593,937$0$0$828,657
67$1,642,565$0$0$853,888
68$1,692,563$0$0$879,825
69$1,743,958$0$0$906,481
70$1,796,776$0$0$933,869
71$1,851,043$0$0$962,001
72$1,906,781$0$0$990,888
73$1,964,012$0$0$1,020,541
74$2,022,757$0$0$1,050,968
75$2,083,034$0$0$1,082,178
76$2,144,860$0$0$1,114,178
77$2,208,246$0$0$1,146,974
78$2,273,203$0$0$1,180,567
79$2,339,736$0$0$1,214,960
80$2,407,848$0$0$1,250,151
81$2,477,535$0$0$1,286,137
82$2,548,789$0$0$1,322,910
83$2,621,595$0$0$1,360,459
84$2,695,932$0$0$1,398,772
85$2,771,769$0$0$1,437,827
86$2,849,068$0$0$1,477,603
87$2,927,781$0$0$1,518,068
88$3,007,849$0$0$1,559,188
89$3,089,198$0$0$1,600,921
90$3,171,743$0$0$1,643,214
91$3,255,383$0$0$1,686,011
92$3,339,997$0$0$1,729,241
93$3,425,449$0$0$1,772,824
94$3,511,576$0$0$1,816,671
95$3,598,195$0$0$1,860,675
96$3,685,096$0$0$1,904,716
97$3,772,036$0$0$1,948,658
98$3,858,743$0$0$1,992,347
99$3,944,906$0$0$2,035,608
100$4,030,173$0$0$2,078,242