Can I retire at age 30 with 471,000?

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 $471,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$38,895$38,548$38,210$37,880$37,558$36,755
2 years$19,255$18,896$18,549$18,212$17,885$17,079
3 years$12,709$12,349$12,002$11,668$11,347$10,564
4 years$9,437$9,078$8,735$8,406$8,093$7,339
5 years$7,474$7,117$6,778$6,457$6,152$5,430
6 years$6,166$5,812$5,478$5,164$4,868$4,178
7 years$5,232$4,881$4,552$4,245$3,959$3,301
8 years$4,532$4,184$3,861$3,561$3,284$2,658
9 years$3,987$3,643$3,325$3,033$2,766$2,171
10 years$3,552$3,211$2,899$2,615$2,357$1,793
11 years$3,196$2,858$2,552$2,276$2,027$1,493
12 years$2,900$2,565$2,265$1,996$1,756$1,252
13 years$2,649$2,318$2,024$1,762$1,532$1,055
14 years$2,435$2,107$1,818$1,564$1,343$894
15 years$2,249$1,925$1,642$1,395$1,182$760
16 years$2,087$1,766$1,488$1,249$1,045$648
17 years$1,944$1,627$1,354$1,122$926$554
18 years$1,816$1,503$1,236$1,011$824$475
19 years$1,703$1,393$1,132$914$734$408
20 years$1,601$1,295$1,039$828$656$350
21 years$1,509$1,206$955$751$587$302
22 years$1,425$1,126$881$683$526$260
23 years$1,348$1,053$813$622$472$224
24 years$1,279$986$752$567$424$194
25 years$1,214$926$696$518$382$167
26 years$1,155$870$646$474$344$145
27 years$1,100$819$600$434$310$125
28 years$1,050$771$558$397$280$108
29 years$1,003$728$519$364$253$94
30 years$959$687$483$334$228$81
31 years$918$650$451$307$206$70
32 years$879$615$420$282$187$61
33 years$843$582$393$260$169$53
34 years$810$552$367$239$153$46
35 years$778$523$343$220$139$40
36 years$748$497$321$202$126$34
37 years$720$472$300$187$114$30
38 years$693$448$281$172$103$26
39 years$668$426$263$159$94$23
40 years$644$406$247$146$85$20
41 years$621$386$232$135$77$17
42 years$600$368$217$125$70$15
43 years$579$350$204$115$63$13
44 years$560$334$191$106$58$11
45 years$541$319$180$98$52$10
46 years$523$304$169$91$47$8
47 years$506$290$158$84$43$7
48 years$490$277$149$77$39$6
49 years$475$264$140$71$36$5
50 years$460$252$132$66$32$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $471,000, adding $6,144 every year, while hoping to spend $31,238 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: 65/17/18 Blend
29$471,000$471,000$471,000$471,000
30$525,380$500,417$493,116$556,792
31$545,731$491,700$476,398$569,897
32$567,112$481,509$458,074$580,071
33$589,593$469,739$438,055$590,438
34$613,254$456,279$416,252$601,020
35$638,179$441,009$392,570$611,838
36$664,461$423,807$366,909$622,918
37$692,201$404,539$339,166$634,289
38$721,510$383,065$309,232$645,987
39$752,508$359,239$276,994$658,049
40$785,325$332,903$242,335$670,520
41$820,105$303,893$205,131$683,451
42$857,006$272,033$165,253$696,898
43$896,198$237,140$122,566$710,926
44$937,868$199,018$76,930$725,609
45$982,222$157,461$28,198$741,030
46$1,029,484$112,252$0$757,282
47$1,079,899$63,160$0$779,043
48$1,133,737$9,943$0$807,936
49$1,191,293$0$0$838,704
50$1,252,890$0$0$880,447
51$1,318,882$0$0$927,182
52$1,389,658$0$0$977,327
53$1,465,646$0$0$1,031,187
54$1,547,313$0$0$1,089,097
55$1,635,174$0$0$1,151,426
56$1,729,792$0$0$1,218,576
57$1,831,788$0$0$1,290,991
58$1,941,843$0$0$1,369,158
59$2,060,705$0$0$1,453,612
60$2,189,195$0$0$1,544,942
61$2,328,218$0$0$1,643,794
62$2,478,767$0$0$1,750,879
63$2,641,933$0$0$1,866,978
64$2,818,918$0$0$1,992,951
65$3,011,041$0$0$2,129,742
66$3,219,756$0$0$2,278,392
67$3,446,660$0$0$2,440,044
68$3,693,511$0$0$2,615,956
69$3,962,242$0$0$2,807,512
70$4,254,981$0$0$3,016,236
71$4,574,070$0$0$3,243,804
72$4,922,087$0$0$3,492,061
73$5,301,867$0$0$3,763,039
74$5,716,533$0$0$4,058,971
75$6,169,522$0$0$4,382,320
76$6,664,618$0$0$4,735,795
77$7,205,987$0$0$5,122,378
78$7,798,215$0$0$5,545,354
79$8,446,353$0$0$6,008,339
80$9,155,961$0$0$6,515,315
81$9,933,164$0$0$7,070,668
82$10,784,705$0$0$7,679,227
83$11,718,012$0$0$8,346,310
84$12,741,264$0$0$9,077,775
85$13,863,470$0$0$9,880,074
86$15,094,553$0$0$10,760,314
87$16,445,442$0$0$11,726,321
88$17,928,177$0$0$12,786,716
89$19,556,017$0$0$13,950,998
90$21,343,570$0$0$15,229,628
91$23,306,929$0$0$16,634,130
92$25,463,818$0$0$18,177,201
93$27,833,768$0$0$19,872,826
94$30,438,290$0$0$21,736,414
95$33,301,087$0$0$23,784,939
96$36,448,268$0$0$26,037,103
97$39,908,602$0$0$28,513,510
98$43,713,782$0$0$31,236,860
99$47,898,727$0$0$34,232,164
100$52,501,910$0$0$37,526,976