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%18.5%
1 years$39,638$39,285$38,940$38,604$38,276$36,962
2 years$19,623$19,257$18,903$18,560$18,227$16,916
3 years$12,952$12,585$12,232$11,891$11,564$10,298
4 years$9,617$9,251$8,901$8,567$8,247$7,036
5 years$7,617$7,253$6,908$6,580$6,269$5,116
6 years$6,284$5,923$5,583$5,262$4,961$3,866
7 years$5,332$4,974$4,639$4,326$4,034$2,998
8 years$4,618$4,264$3,934$3,629$3,347$2,368
9 years$4,064$3,712$3,389$3,091$2,819$1,895
10 years$3,620$3,272$2,954$2,665$2,402$1,533
11 years$3,257$2,913$2,601$2,319$2,065$1,250
12 years$2,955$2,614$2,308$2,034$1,790$1,026
13 years$2,700$2,363$2,062$1,796$1,561$846
14 years$2,481$2,148$1,853$1,594$1,368$700
15 years$2,292$1,962$1,673$1,422$1,205$582
16 years$2,127$1,800$1,517$1,273$1,065$484
17 years$1,981$1,658$1,380$1,144$944$404
18 years$1,851$1,532$1,260$1,031$839$338
19 years$1,735$1,420$1,153$931$748$283
20 years$1,631$1,319$1,059$844$668$237
21 years$1,537$1,229$974$766$598$199
22 years$1,452$1,147$897$696$536$167
23 years$1,374$1,073$829$634$481$141
24 years$1,303$1,005$766$578$433$118
25 years$1,238$943$710$528$389$100
26 years$1,177$887$658$483$351$84
27 years$1,121$834$611$442$316$71
28 years$1,070$786$568$405$285$60
29 years$1,022$742$529$371$258$50
30 years$977$700$493$341$233$42
31 years$935$662$459$313$210$36
32 years$896$627$428$288$190$30
33 years$860$593$400$265$172$25
34 years$825$562$374$243$156$21
35 years$793$533$349$224$141$18
36 years$762$506$327$206$128$15
37 years$734$481$306$190$116$13
38 years$706$457$287$175$105$11
39 years$681$435$268$162$95$9
40 years$656$413$252$149$86$8
41 years$633$394$236$137$78$6
42 years$611$375$221$127$71$5
43 years$590$357$208$117$65$5
44 years$570$340$195$108$59$4
45 years$551$325$183$100$53$3
46 years$533$310$172$92$48$3
47 years$516$295$162$85$44$2
48 years$500$282$152$79$40$2
49 years$484$269$143$73$36$2
50 years$469$257$134$67$33$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $480,000, adding $3,012 every year, while hoping to spend $23,821 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: 69/8/23 Blend
29$480,000$480,000$480,000$480,000
30$532,067$506,627$499,187$565,494
31$560,992$506,106$490,564$587,728
32$592,070$504,762$480,854$609,003
33$625,494$502,528$469,996$631,717
34$661,477$499,335$457,924$656,010
35$700,255$495,109$444,571$682,039
36$742,084$489,773$429,868$709,977
37$787,248$483,243$413,739$740,013
38$836,056$475,431$396,109$772,358
39$888,851$466,244$376,896$807,246
40$946,008$455,584$356,016$844,933
41$1,007,940$443,347$333,381$885,703
42$1,075,099$429,420$308,899$929,871
43$1,147,987$413,689$282,474$977,784
44$1,227,150$396,028$254,006$1,029,824
45$1,313,193$376,308$223,389$1,086,415
46$1,406,780$354,388$190,514$1,148,023
47$1,508,642$330,123$155,266$1,215,166
48$1,619,582$303,358$117,526$1,288,413
49$1,740,485$273,928$77,169$1,368,394
50$1,872,325$241,662$34,065$1,455,803
51$2,016,174$206,375$0$1,551,408
52$2,173,211$167,874$0$1,658,985
53$2,344,734$125,955$0$1,785,652
54$2,532,173$80,403$0$1,924,108
55$2,737,101$30,990$0$2,075,531
56$2,961,252$0$0$2,241,218
57$3,206,532$0$0$2,424,581
58$3,475,043$0$0$2,628,322
59$3,769,098$0$0$2,851,473
60$4,091,243$0$0$3,095,970
61$4,444,285$0$0$3,363,946
62$4,831,312$0$0$3,657,749
63$5,255,728$0$0$3,979,966
64$5,721,281$0$0$4,333,447
65$6,232,099$0$0$4,721,330
66$6,792,728$0$0$5,147,072
67$7,408,177$0$0$5,614,481
68$8,083,964$0$0$6,127,751
69$8,826,166$0$0$6,691,504
70$9,641,478$0$0$7,310,830
71$10,537,276$0$0$7,991,335
72$11,521,684$0$0$8,739,198
73$12,603,655$0$0$9,561,225
74$13,793,050$0$0$10,464,913
75$15,100,734$0$0$11,458,524
76$16,538,676$0$0$12,551,157
77$18,120,065$0$0$13,752,841
78$19,859,430$0$0$15,074,623
79$21,772,781$0$0$16,528,676
80$23,877,756$0$0$18,128,409
81$26,193,790$0$0$19,888,600
82$28,742,294$0$0$21,825,530
83$31,546,863$0$0$23,957,138
84$34,633,494$0$0$26,303,190
85$38,030,829$0$0$28,885,466
86$41,770,431$0$0$31,727,963
87$45,887,077$0$0$34,857,125
88$50,419,087$0$0$38,302,088
89$55,408,685$0$0$42,094,958
90$60,902,398$0$0$46,271,112
91$66,951,493$0$0$50,869,530
92$73,612,463$0$0$55,933,169
93$80,947,557$0$0$61,509,359
94$89,025,370$0$0$67,650,258
95$97,921,486$0$0$74,413,337
96$107,719,196$0$0$81,861,926
97$118,510,277$0$0$90,065,813
98$130,395,867$0$0$99,101,896
99$143,487,409$0$0$109,054,914
100$157,907,709$0$0$120,018,246