Can I retire at age 30 with 479,000?

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 $479,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.6%
1 years$39,555$39,203$38,859$38,524$38,196$37,782
2 years$19,582$19,217$18,864$18,521$18,189$17,771
3 years$12,925$12,559$12,206$11,867$11,540$11,132
4 years$9,597$9,232$8,883$8,549$8,230$7,836
5 years$7,601$7,238$6,893$6,567$6,256$5,877
6 years$6,271$5,910$5,571$5,251$4,951$4,586
7 years$5,321$4,963$4,630$4,317$4,026$3,676
8 years$4,609$4,255$3,926$3,622$3,340$3,005
9 years$4,055$3,704$3,382$3,085$2,813$2,493
10 years$3,612$3,265$2,948$2,659$2,397$2,091
11 years$3,251$2,907$2,596$2,314$2,061$1,770
12 years$2,949$2,609$2,303$2,030$1,786$1,509
13 years$2,694$2,358$2,058$1,792$1,558$1,295
14 years$2,476$2,143$1,849$1,591$1,365$1,116
15 years$2,287$1,958$1,670$1,419$1,202$966
16 years$2,122$1,796$1,514$1,270$1,062$838
17 years$1,977$1,654$1,377$1,141$942$730
18 years$1,847$1,529$1,257$1,029$838$638
19 years$1,732$1,417$1,151$929$747$558
20 years$1,628$1,317$1,056$842$667$489
21 years$1,534$1,226$972$764$597$429
22 years$1,449$1,145$896$695$535$378
23 years$1,371$1,071$827$633$480$332
24 years$1,300$1,003$765$577$432$293
25 years$1,235$941$708$527$388$258
26 years$1,175$885$657$482$350$228
27 years$1,119$833$610$441$315$201
28 years$1,068$785$567$404$285$178
29 years$1,020$740$528$371$257$157
30 years$975$699$492$340$232$139
31 years$933$661$458$312$210$123
32 years$894$625$428$287$190$109
33 years$858$592$399$264$172$97
34 years$823$561$373$243$156$86
35 years$791$532$349$224$141$76
36 years$761$505$326$206$128$67
37 years$732$480$305$190$116$60
38 years$705$456$286$175$105$53
39 years$679$434$268$161$95$47
40 years$655$413$251$149$86$42
41 years$632$393$235$137$78$37
42 years$610$374$221$127$71$33
43 years$589$356$207$117$64$29
44 years$569$340$195$108$59$26
45 years$550$324$183$100$53$23
46 years$532$309$172$92$48$20
47 years$515$295$161$85$44$18
48 years$498$282$151$79$40$16
49 years$483$269$142$73$36$14
50 years$468$257$134$67$33$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $479,000, adding $6,713 every year, while hoping to spend $44,718 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: 70/9/21 Blend
29$479,000$479,000$479,000$479,000
30$534,782$509,395$501,971$568,995
31$541,751$486,776$471,207$570,073
32$547,931$461,550$437,914$565,357
33$553,195$433,542$401,960$559,099
34$557,402$402,566$363,207$551,141
35$560,394$368,428$321,510$541,312
36$561,993$330,920$276,720$529,425
37$562,006$289,825$228,680$515,273
38$560,214$244,910$177,225$498,633
39$556,378$195,932$122,183$479,258
40$550,229$142,634$63,377$456,879
41$541,472$84,743$620$431,202
42$529,778$21,971$0$401,904
43$514,784$0$0$383,499
44$496,085$0$0$366,402
45$473,236$0$0$348,264
46$445,743$0$0$326,526
47$413,058$0$0$300,768
48$374,579$0$0$270,522
49$329,635$0$0$235,272
50$277,487$0$0$194,447
51$217,319$0$0$147,415
52$148,227$0$0$93,480
53$69,213$0$0$31,872
54$0$0$0$0
55$0$0$0$0
56$0$0$0$0
57$0$0$0$0
58$0$0$0$0
59$0$0$0$0
60$0$0$0$0
61$0$0$0$0
62$0$0$0$0
63$0$0$0$0
64$0$0$0$0
65$0$0$0$0
66$0$0$0$0
67$0$0$0$0
68$0$0$0$0
69$0$0$0$0
70$0$0$0$0
71$0$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$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