Can I retire at age 30 with 481,000?

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 $481,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.6%
1 years$39,721$39,367$39,022$38,685$38,356$36,878
2 years$19,664$19,297$18,942$18,598$18,265$16,793
3 years$12,979$12,611$12,257$11,916$11,588$10,169
4 years$9,637$9,270$8,920$8,585$8,265$6,910
5 years$7,633$7,268$6,922$6,594$6,283$4,995
6 years$6,297$5,935$5,594$5,273$4,971$3,751
7 years$5,343$4,984$4,649$4,335$4,043$2,891
8 years$4,628$4,272$3,943$3,637$3,354$2,268
9 years$4,072$3,720$3,396$3,098$2,825$1,804
10 years$3,628$3,279$2,960$2,670$2,407$1,449
11 years$3,264$2,919$2,606$2,324$2,070$1,173
12 years$2,962$2,620$2,313$2,038$1,794$955
13 years$2,706$2,368$2,067$1,800$1,564$782
14 years$2,487$2,152$1,857$1,598$1,371$642
15 years$2,297$1,966$1,676$1,425$1,207$529
16 years$2,131$1,804$1,520$1,276$1,067$437
17 years$1,985$1,661$1,383$1,146$946$362
18 years$1,855$1,535$1,263$1,033$841$300
19 years$1,739$1,423$1,156$933$750$249
20 years$1,635$1,322$1,061$845$670$207
21 years$1,541$1,231$976$767$599$173
22 years$1,455$1,149$899$698$537$144
23 years$1,377$1,075$830$635$482$120
24 years$1,306$1,007$768$579$433$100
25 years$1,240$945$711$529$390$83
26 years$1,180$888$660$484$351$70
27 years$1,124$836$613$443$317$58
28 years$1,072$788$569$406$286$48
29 years$1,024$743$530$372$258$40
30 years$979$702$494$341$233$34
31 years$937$664$460$314$211$28
32 years$898$628$429$288$191$24
33 years$861$595$401$265$173$20
34 years$827$564$375$244$156$16
35 years$794$534$350$224$142$14
36 years$764$507$328$207$128$12
37 years$735$482$307$190$116$10
38 years$708$458$287$176$105$8
39 years$682$435$269$162$96$7
40 years$658$414$252$149$87$6
41 years$634$394$236$138$79$5
42 years$612$376$222$127$71$4
43 years$591$358$208$117$65$3
44 years$571$341$195$108$59$3
45 years$552$325$183$100$53$2
46 years$534$310$172$92$48$2
47 years$517$296$162$85$44$2
48 years$501$283$152$79$40$1
49 years$485$270$143$73$36$1
50 years$470$258$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 $481,000, adding $3,541 every year, while hoping to spend $20,090 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: 51/44/5 Blend
29$481,000$481,000$481,000$481,000
30$533,715$508,222$500,766$560,135
31$566,778$511,749$496,166$581,991
32$602,540$514,776$490,739$603,258
33$641,256$517,256$484,435$625,888
34$683,204$519,142$477,204$650,014
35$728,692$520,381$468,991$675,783
36$778,057$520,918$459,741$703,354
37$831,672$520,696$449,395$732,909
38$889,944$519,651$437,891$764,643
39$953,323$517,719$425,166$798,777
40$1,022,304$514,830$411,151$835,553
41$1,097,431$510,908$395,776$875,238
42$1,179,303$505,876$378,968$918,130
43$1,268,578$499,651$360,650$964,556
44$1,365,983$492,143$340,742$1,014,879
45$1,472,315$483,260$319,159$1,069,500
46$1,588,454$472,903$295,813$1,128,863
47$1,715,366$460,965$270,613$1,193,460
48$1,854,118$447,337$243,463$1,263,831
49$2,005,882$431,900$214,263$1,340,577
50$2,171,949$414,530$182,908$1,424,361
51$2,353,741$395,095$149,288$1,515,915
52$2,552,823$373,456$113,290$1,616,050
53$2,770,921$349,465$74,795$1,725,660
54$3,009,932$322,966$33,678$1,845,734
55$3,271,949$293,795$0$1,977,364
56$3,559,273$261,777$0$2,122,303
57$3,874,443$226,728$0$2,283,292
58$4,220,252$188,454$0$2,460,013
59$4,599,778$146,748$0$2,654,102
60$5,016,411$101,394$0$2,867,362
61$5,473,886$52,163$0$3,101,788
62$5,976,315$0$0$3,359,579
63$6,528,231$0$0$3,643,739
64$7,134,627$0$0$3,983,750
65$7,801,000$0$0$4,357,445
66$8,533,412$0$0$4,768,228
67$9,338,535$0$0$5,219,850
68$10,223,724$0$0$5,716,444
69$11,197,082$0$0$6,262,561
70$12,267,534$0$0$6,863,218
71$13,444,915$0$0$7,523,941
72$14,740,061$0$0$8,250,819
73$16,164,910$0$0$9,050,562
74$17,732,617$0$0$9,930,559
75$19,457,675$0$0$10,898,957
76$21,356,054$0$0$11,964,730
77$23,445,348$0$0$13,137,764
78$25,744,946$0$0$14,428,956
79$28,276,210$0$0$15,850,310
80$31,062,680$0$0$17,415,055
81$34,130,292$0$0$19,137,767
82$37,507,626$0$0$21,034,505
83$41,226,174$0$0$23,122,969
84$45,320,635$0$0$25,422,659
85$49,829,247$0$0$27,955,063
86$54,794,144$0$0$30,743,861
87$60,261,753$0$0$33,815,143
88$66,283,235$0$0$37,197,661
89$72,914,963$0$0$40,923,097
90$80,219,059$0$0$45,026,363
91$88,263,976$0$0$49,545,929
92$97,125,145$0$0$54,524,188
93$106,885,689$0$0$60,007,853
94$117,637,202$0$0$66,048,401
95$129,480,618$0$0$72,702,557
96$142,527,162$0$0$80,032,829
97$156,899,398$0$0$88,108,099
98$172,732,388$0$0$97,004,272
99$190,174,965$0$0$106,804,994
100$209,391,136$0$0$117,602,436