Can I retire at age 30 with 406,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $406,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$33,527$33,228$32,937$32,653$32,375$32,211
2 years$16,598$16,288$15,989$15,698$15,417$15,252
3 years$10,955$10,645$10,346$10,058$9,781$9,620
4 years$8,134$7,825$7,529$7,246$6,976$6,819
5 years$6,443$6,135$5,843$5,566$5,303$5,152
6 years$5,315$5,010$4,722$4,451$4,196$4,050
7 years$4,510$4,207$3,924$3,659$3,413$3,272
8 years$3,906$3,606$3,328$3,070$2,831$2,696
9 years$3,437$3,140$2,866$2,615$2,384$2,255
10 years$3,062$2,768$2,499$2,254$2,031$1,908
11 years$2,755$2,464$2,200$1,962$1,747$1,629
12 years$2,500$2,211$1,952$1,721$1,514$1,401
13 years$2,284$1,998$1,744$1,519$1,320$1,213
14 years$2,099$1,817$1,567$1,348$1,157$1,055
15 years$1,939$1,659$1,415$1,203$1,019$921
16 years$1,799$1,523$1,283$1,077$901$808
17 years$1,675$1,402$1,167$967$799$710
18 years$1,566$1,296$1,066$872$710$626
19 years$1,468$1,201$976$788$633$554
20 years$1,380$1,116$895$714$565$490
21 years$1,300$1,039$824$648$506$435
22 years$1,228$970$759$589$453$386
23 years$1,162$907$701$536$407$344
24 years$1,102$850$648$489$366$306
25 years$1,047$798$600$447$329$273
26 years$996$750$557$408$297$244
27 years$949$706$517$374$267$218
28 years$905$665$481$342$241$195
29 years$864$627$447$314$218$174
30 years$826$592$417$288$197$156
31 years$791$560$388$265$178$139
32 years$758$530$362$243$161$125
33 years$727$502$338$224$146$112
34 years$698$476$316$206$132$100
35 years$671$451$296$189$119$90
36 years$645$428$277$175$108$81
37 years$620$407$259$161$98$72
38 years$597$387$242$148$89$65
39 years$576$368$227$137$81$58
40 years$555$350$213$126$73$52
41 years$535$333$200$116$66$47
42 years$517$317$187$107$60$42
43 years$499$302$176$99$55$38
44 years$482$288$165$91$50$34
45 years$466$275$155$84$45$31
46 years$451$262$145$78$41$28
47 years$436$250$137$72$37$25
48 years$423$239$128$67$34$22
49 years$409$228$121$62$31$20
50 years$396$218$113$57$28$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $406,000, adding $6,018 every year, while hoping to spend $36,006 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: 42/44/14 Blend
29$406,000$406,000$406,000$406,000
30$453,620$432,102$425,809$470,575
31$461,579$414,964$401,763$465,946
32$469,143$395,781$375,705$456,906
33$476,234$374,412$347,530$446,334
34$482,764$350,713$317,126$434,107
35$488,636$324,528$284,380$420,093
36$493,740$295,693$249,170$404,146
37$497,956$264,037$211,372$386,115
38$501,149$229,376$170,854$365,832
39$503,168$191,517$127,479$343,120
40$503,846$150,256$81,105$317,786
41$502,998$105,378$31,582$289,625
42$500,418$56,656$0$258,412
43$495,877$3,849$0$227,086
44$489,122$0$0$197,451
45$479,873$0$0$190,337
46$467,817$0$0$183,756
47$452,609$0$0$175,685
48$433,869$0$0$165,946
49$411,172$0$0$154,343
50$384,051$0$0$140,658
51$351,989$0$0$124,649
52$314,412$0$0$106,052
53$270,687$0$0$84,571
54$220,116$0$0$59,882
55$161,923$0$0$31,625
56$95,254$0$0$0
57$19,165$0$0$0
58$0$0$0$0
59$0$0$0$0
60$0$0$0$0
61$0$0$0$0
62$0$0$0$0
63$0$0$0$0
64$0$0$0$0
65$0$0$0$0
66$0$0$0$0
67$0$0$0$0
68$0$0$0$0
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