Can I retire at age 30 with 480,000?

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 $480,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.4%
1 years$39,638$39,285$38,940$38,604$38,276$37,580
2 years$19,623$19,257$18,903$18,560$18,227$17,528
3 years$12,952$12,585$12,232$11,891$11,564$10,884
4 years$9,617$9,251$8,901$8,567$8,247$7,592
5 years$7,617$7,253$6,908$6,580$6,269$5,640
6 years$6,284$5,923$5,583$5,262$4,961$4,359
7 years$5,332$4,974$4,639$4,326$4,034$3,459
8 years$4,618$4,264$3,934$3,629$3,347$2,799
9 years$4,064$3,712$3,389$3,091$2,819$2,297
10 years$3,620$3,272$2,954$2,665$2,402$1,906
11 years$3,257$2,913$2,601$2,319$2,065$1,595
12 years$2,955$2,614$2,308$2,034$1,790$1,345
13 years$2,700$2,363$2,062$1,796$1,561$1,140
14 years$2,481$2,148$1,853$1,594$1,368$970
15 years$2,292$1,962$1,673$1,422$1,205$830
16 years$2,127$1,800$1,517$1,273$1,065$711
17 years$1,981$1,658$1,380$1,144$944$612
18 years$1,851$1,532$1,260$1,031$839$527
19 years$1,735$1,420$1,153$931$748$455
20 years$1,631$1,319$1,059$844$668$394
21 years$1,537$1,229$974$766$598$341
22 years$1,452$1,147$897$696$536$296
23 years$1,374$1,073$829$634$481$257
24 years$1,303$1,005$766$578$433$223
25 years$1,238$943$710$528$389$194
26 years$1,177$887$658$483$351$169
27 years$1,121$834$611$442$316$147
28 years$1,070$786$568$405$285$128
29 years$1,022$742$529$371$258$112
30 years$977$700$493$341$233$97
31 years$935$662$459$313$210$85
32 years$896$627$428$288$190$74
33 years$860$593$400$265$172$65
34 years$825$562$374$243$156$56
35 years$793$533$349$224$141$49
36 years$762$506$327$206$128$43
37 years$734$481$306$190$116$38
38 years$706$457$287$175$105$33
39 years$681$435$268$162$95$29
40 years$656$413$252$149$86$25
41 years$633$394$236$137$78$22
42 years$611$375$221$127$71$19
43 years$590$357$208$117$65$17
44 years$570$340$195$108$59$15
45 years$551$325$183$100$53$13
46 years$533$310$172$92$48$11
47 years$516$295$162$85$44$10
48 years$500$282$152$79$40$9
49 years$484$269$143$73$36$7
50 years$469$257$134$67$33$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $480,000, adding $2,642 every year, while hoping to spend $23,356 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: 31/47/22 Blend
29$480,000$480,000$480,000$480,000
30$531,685$506,245$498,805$544,473
31$561,067$506,201$490,665$554,347
32$592,662$505,371$481,468$562,690
33$626,673$503,693$471,157$571,187
34$663,319$501,101$459,667$579,867
35$702,845$497,522$446,933$588,763
36$745,516$492,881$432,886$597,914
37$791,626$487,099$417,455$607,363
38$841,496$480,091$400,563$617,162
39$895,480$471,767$382,133$627,370
40$953,967$462,032$362,083$638,054
41$1,017,385$450,785$340,326$649,291
42$1,086,204$437,919$316,773$661,169
43$1,160,941$423,322$291,330$673,787
44$1,242,166$406,873$263,898$687,259
45$1,330,505$388,448$234,376$701,713
46$1,426,645$367,911$202,657$717,294
47$1,531,346$345,121$168,629$734,166
48$1,645,440$319,929$132,175$752,514
49$1,769,846$292,176$93,173$772,545
50$1,905,573$261,696$51,497$794,493
51$2,053,733$228,310$7,014$818,621
52$2,215,549$191,833$0$845,222
53$2,392,370$152,068$0$884,126
54$2,585,677$108,805$0$928,578
55$2,797,105$61,825$0$977,379
56$3,028,450$10,895$0$1,031,028
57$3,281,693$0$0$1,090,082
58$3,559,013$0$0$1,178,031
59$3,862,811$0$0$1,280,624
60$4,195,731$0$0$1,393,128
61$4,560,685$0$0$1,516,536
62$4,960,880$0$0$1,651,944
63$5,399,847$0$0$1,800,556
64$5,881,476$0$0$1,963,700
65$6,410,054$0$0$2,142,838
66$6,990,299$0$0$2,339,582
67$7,627,412$0$0$2,555,707
68$8,327,120$0$0$2,793,167
69$9,095,731$0$0$3,054,116
70$9,940,197$0$0$3,340,928
71$10,868,175$0$0$3,656,216
72$11,888,100$0$0$4,002,861
73$13,009,265$0$0$4,384,036
74$14,241,910$0$0$4,803,236
75$15,597,314$0$0$5,264,313
76$17,087,905$0$0$5,771,512
77$18,727,376$0$0$6,329,507
78$20,530,812$0$0$6,943,450
79$22,514,837$0$0$7,619,019
80$24,697,763$0$0$8,362,466
81$27,099,770$0$0$9,180,684
82$29,743,090$0$0$10,081,265
83$32,652,223$0$0$11,072,577
84$35,854,160$0$0$12,163,837
85$39,378,644$0$0$13,365,205
86$43,258,447$0$0$14,687,872
87$47,529,680$0$0$16,144,173
88$52,232,134$0$0$17,747,699
89$57,409,652$0$0$19,513,423
90$63,110,547$0$0$21,457,849
91$69,388,055$0$0$23,599,159
92$76,300,835$0$0$25,957,390
93$83,913,528$0$0$28,554,620
94$92,297,361$0$0$31,415,179
95$101,530,821$0$0$34,565,878
96$111,700,397$0$0$38,036,257
97$122,901,393$0$0$41,858,872
98$135,238,828$0$0$46,069,595
99$148,828,428$0$0$50,707,958
100$163,797,718$0$0$55,817,520