Can I retire at age 30 with 402,000?

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 $402,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$33,197$32,901$32,613$32,331$32,056$31,827
2 years$16,434$16,128$15,831$15,544$15,265$15,034
3 years$10,847$10,540$10,244$9,959$9,685$9,459
4 years$8,054$7,748$7,455$7,175$6,907$6,689
5 years$6,379$6,074$5,785$5,511$5,251$5,040
6 years$5,263$4,960$4,675$4,407$4,155$3,952
7 years$4,465$4,166$3,885$3,623$3,379$3,184
8 years$3,868$3,571$3,295$3,040$2,803$2,616
9 years$3,403$3,109$2,838$2,589$2,361$2,182
10 years$3,032$2,740$2,474$2,232$2,011$1,840
11 years$2,728$2,440$2,178$1,942$1,730$1,566
12 years$2,475$2,190$1,933$1,704$1,499$1,343
13 years$2,261$1,979$1,727$1,504$1,307$1,159
14 years$2,078$1,799$1,552$1,335$1,146$1,005
15 years$1,920$1,643$1,401$1,191$1,009$875
16 years$1,781$1,508$1,270$1,066$892$764
17 years$1,659$1,388$1,156$958$791$670
18 years$1,550$1,283$1,055$863$703$589
19 years$1,453$1,189$966$780$627$518
20 years$1,366$1,105$887$707$560$457
21 years$1,288$1,029$815$641$501$404
22 years$1,216$961$752$583$449$358
23 years$1,151$898$694$531$403$317
24 years$1,091$842$642$484$362$281
25 years$1,036$790$594$442$326$250
26 years$986$742$551$404$294$222
27 years$939$699$512$370$265$198
28 years$896$658$476$339$239$176
29 years$856$621$443$311$216$157
30 years$818$587$413$285$195$140
31 years$783$555$385$262$176$125
32 years$751$525$359$241$159$111
33 years$720$497$335$222$144$99
34 years$691$471$313$204$131$89
35 years$664$447$293$188$118$79
36 years$638$424$274$173$107$71
37 years$614$403$256$159$97$63
38 years$592$383$240$147$88$56
39 years$570$364$225$135$80$50
40 years$550$346$211$125$72$45
41 years$530$330$198$115$66$40
42 years$512$314$185$106$60$36
43 years$494$299$174$98$54$32
44 years$478$285$163$91$49$29
45 years$462$272$153$84$45$26
46 years$447$259$144$77$40$23
47 years$432$247$135$71$37$21
48 years$418$236$127$66$33$18
49 years$405$226$119$61$30$17
50 years$392$216$112$56$28$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $402,000, adding $4,993 every year, while hoping to spend $21,720 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: 38/39/23 Blend
29$402,000$402,000$402,000$402,000
30$448,154$426,848$420,617$461,942
31$470,756$424,654$411,598$470,218
32$494,935$421,624$401,549$476,763
33$520,830$417,695$390,412$483,401
34$548,591$412,799$378,127$490,154
35$578,385$406,864$364,632$497,047
36$610,394$399,813$349,861$504,110
37$644,818$391,568$333,745$511,377
38$681,876$382,041$316,212$518,888
39$721,810$371,144$297,188$526,689
40$764,884$358,779$276,593$534,834
41$811,389$344,846$254,345$543,383
42$861,645$329,238$230,360$552,406
43$916,003$311,841$204,548$561,983
44$974,849$292,535$176,814$572,205
45$1,038,609$271,194$147,062$583,173
46$1,107,748$247,684$115,190$595,005
47$1,182,780$221,862$81,090$607,831
48$1,264,269$193,579$44,653$621,802
49$1,352,838$162,677$5,762$637,085
50$1,449,168$128,989$0$653,869
51$1,554,011$92,338$0$681,137
52$1,668,195$52,537$0$712,437
53$1,792,629$9,390$0$746,653
54$1,928,315$0$0$784,119
55$2,076,356$0$0$841,219
56$2,237,965$0$0$908,004
57$2,414,477$0$0$981,001
58$2,607,362$0$0$1,060,826
59$2,818,240$0$0$1,148,156
60$3,048,893$0$0$1,243,736
61$3,301,284$0$0$1,348,387
62$3,577,572$0$0$1,463,012
63$3,880,137$0$0$1,588,608
64$4,211,601$0$0$1,726,270
65$4,574,847$0$0$1,877,206
66$4,973,056$0$0$2,042,745
67$5,409,726$0$0$2,224,352
68$5,888,713$0$0$2,423,641
69$6,414,264$0$0$2,642,387
70$6,991,055$0$0$2,882,549
71$7,624,239$0$0$3,146,283
72$8,319,491$0$0$3,435,964
73$9,083,062$0$0$3,754,208
74$9,921,839$0$0$4,103,897
75$10,843,409$0$0$4,488,208
76$11,856,130$0$0$4,910,639
77$12,969,209$0$0$5,375,044
78$14,192,790$0$0$5,885,669
79$15,538,050$0$0$6,447,192
80$17,017,300$0$0$7,064,768
81$18,644,106$0$0$7,744,075
82$20,433,415$0$0$8,491,371
83$22,401,693$0$0$9,313,549
84$24,567,083$0$0$10,218,205
85$26,949,576$0$0$11,213,709
86$29,571,198$0$0$12,309,281
87$32,456,217$0$0$13,515,082
88$35,631,374$0$0$14,842,308
89$39,126,133$0$0$16,303,294
90$42,972,959$0$0$17,911,634
91$47,207,623$0$0$19,682,305
92$51,869,544$0$0$21,631,811
93$57,002,152$0$0$23,778,336
94$62,653,307$0$0$26,141,919
95$68,875,743$0$0$28,744,641
96$75,727,569$0$0$31,610,832
97$83,272,817$0$0$34,767,303
98$91,582,042$0$0$38,243,598
99$100,732,993$0$0$42,072,270
100$110,811,343$0$0$46,289,193