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%13%
1 years$39,638$39,285$38,940$38,604$38,276$37,798
2 years$19,623$19,257$18,903$18,560$18,227$17,745
3 years$12,952$12,585$12,232$11,891$11,564$11,094
4 years$9,617$9,251$8,901$8,567$8,247$7,794
5 years$7,617$7,253$6,908$6,580$6,269$5,833
6 years$6,284$5,923$5,583$5,262$4,961$4,542
7 years$5,332$4,974$4,639$4,326$4,034$3,633
8 years$4,618$4,264$3,934$3,629$3,347$2,963
9 years$4,064$3,712$3,389$3,091$2,819$2,452
10 years$3,620$3,272$2,954$2,665$2,402$2,052
11 years$3,257$2,913$2,601$2,319$2,065$1,733
12 years$2,955$2,614$2,308$2,034$1,790$1,474
13 years$2,700$2,363$2,062$1,796$1,561$1,261
14 years$2,481$2,148$1,853$1,594$1,368$1,084
15 years$2,292$1,962$1,673$1,422$1,205$935
16 years$2,127$1,800$1,517$1,273$1,065$810
17 years$1,981$1,658$1,380$1,144$944$703
18 years$1,851$1,532$1,260$1,031$839$612
19 years$1,735$1,420$1,153$931$748$534
20 years$1,631$1,319$1,059$844$668$467
21 years$1,537$1,229$974$766$598$409
22 years$1,452$1,147$897$696$536$358
23 years$1,374$1,073$829$634$481$314
24 years$1,303$1,005$766$578$433$276
25 years$1,238$943$710$528$389$243
26 years$1,177$887$658$483$351$214
27 years$1,121$834$611$442$316$188
28 years$1,070$786$568$405$285$166
29 years$1,022$742$529$371$258$146
30 years$977$700$493$341$233$129
31 years$935$662$459$313$210$114
32 years$896$627$428$288$190$100
33 years$860$593$400$265$172$89
34 years$825$562$374$243$156$78
35 years$793$533$349$224$141$69
36 years$762$506$327$206$128$61
37 years$734$481$306$190$116$54
38 years$706$457$287$175$105$48
39 years$681$435$268$162$95$42
40 years$656$413$252$149$86$37
41 years$633$394$236$137$78$33
42 years$611$375$221$127$71$29
43 years$590$357$208$117$65$26
44 years$570$340$195$108$59$23
45 years$551$325$183$100$53$20
46 years$533$310$172$92$48$18
47 years$516$295$162$85$44$16
48 years$500$282$152$79$40$14
49 years$484$269$143$73$36$12
50 years$469$257$134$67$33$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $480,000, adding $6,588 every year, while hoping to spend $38,543 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: 68/7/25 Blend
29$480,000$480,000$480,000$480,000
30$535,756$510,316$502,876$568,325
31$549,393$494,312$478,712$575,006
32$563,130$476,232$452,448$577,291
33$576,935$455,933$423,971$578,897
34$590,775$433,266$393,166$579,755
35$604,608$408,070$359,911$579,794
36$618,389$380,177$324,080$578,934
37$632,068$349,409$285,540$577,089
38$645,586$315,577$244,152$574,168
39$658,878$278,482$199,774$570,068
40$671,870$237,914$152,253$564,681
41$684,480$193,651$101,432$557,888
42$696,614$145,457$47,147$549,559
43$708,169$93,085$0$539,555
44$719,029$36,272$0$530,599
45$729,062$0$0$533,257
46$738,125$0$0$536,754
47$746,056$0$0$542,181
48$752,673$0$0$546,609
49$757,777$0$0$549,885
50$761,144$0$0$551,842
51$762,525$0$0$552,293
52$761,646$0$0$551,032
53$758,199$0$0$547,828
54$751,845$0$0$542,426
55$742,206$0$0$534,543
56$728,865$0$0$523,864
57$711,358$0$0$510,042
58$689,172$0$0$492,692
59$661,739$0$0$471,386
60$628,429$0$0$445,654
61$588,547$0$0$414,971
62$541,320$0$0$378,761
63$485,898$0$0$336,383
64$421,338$0$0$287,130
65$346,598$0$0$230,222
66$260,526$0$0$164,794
67$161,850$0$0$89,891
68$49,164$0$0$4,460
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