Can I retire at age 30 with 406,000?

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 $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%15.2%
1 years$33,527$33,228$32,937$32,653$32,375$31,682
2 years$16,598$16,288$15,989$15,698$15,417$14,722
3 years$10,955$10,645$10,346$10,058$9,781$9,107
4 years$8,134$7,825$7,529$7,246$6,976$6,326
5 years$6,443$6,135$5,843$5,566$5,303$4,680
6 years$5,315$5,010$4,722$4,451$4,196$3,601
7 years$4,510$4,207$3,924$3,659$3,413$2,845
8 years$3,906$3,606$3,328$3,070$2,831$2,291
9 years$3,437$3,140$2,866$2,615$2,384$1,871
10 years$3,062$2,768$2,499$2,254$2,031$1,545
11 years$2,755$2,464$2,200$1,962$1,747$1,287
12 years$2,500$2,211$1,952$1,721$1,514$1,079
13 years$2,284$1,998$1,744$1,519$1,320$910
14 years$2,099$1,817$1,567$1,348$1,157$771
15 years$1,939$1,659$1,415$1,203$1,019$655
16 years$1,799$1,523$1,283$1,077$901$559
17 years$1,675$1,402$1,167$967$799$478
18 years$1,566$1,296$1,066$872$710$409
19 years$1,468$1,201$976$788$633$351
20 years$1,380$1,116$895$714$565$302
21 years$1,300$1,039$824$648$506$260
22 years$1,228$970$759$589$453$224
23 years$1,162$907$701$536$407$193
24 years$1,102$850$648$489$366$167
25 years$1,047$798$600$447$329$144
26 years$996$750$557$408$297$125
27 years$949$706$517$374$267$108
28 years$905$665$481$342$241$93
29 years$864$627$447$314$218$81
30 years$826$592$417$288$197$70
31 years$791$560$388$265$178$61
32 years$758$530$362$243$161$53
33 years$727$502$338$224$146$46
34 years$698$476$316$206$132$40
35 years$671$451$296$189$119$34
36 years$645$428$277$175$108$30
37 years$620$407$259$161$98$26
38 years$597$387$242$148$89$22
39 years$576$368$227$137$81$19
40 years$555$350$213$126$73$17
41 years$535$333$200$116$66$15
42 years$517$317$187$107$60$13
43 years$499$302$176$99$55$11
44 years$482$288$165$91$50$10
45 years$466$275$155$84$45$8
46 years$451$262$145$78$41$7
47 years$436$250$137$72$37$6
48 years$423$239$128$67$34$5
49 years$409$228$121$62$31$5
50 years$396$218$113$57$28$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $406,000, adding $5,876 every year, while hoping to spend $20,405 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: 47/37/16 Blend
29$406,000$406,000$406,000$406,000
30$453,473$431,955$425,662$472,481
31$478,017$431,410$418,211$485,733
32$504,380$430,155$409,826$497,563
33$532,726$428,132$400,456$509,961
34$563,237$425,283$390,043$522,987
35$596,108$421,543$378,531$536,712
36$631,559$416,846$365,859$551,210
37$669,827$411,121$351,965$566,567
38$711,174$404,291$336,781$582,880
39$755,889$396,276$320,238$600,254
40$804,289$386,993$302,265$618,810
41$856,721$376,350$282,786$638,679
42$913,569$364,254$261,721$660,012
43$975,254$350,603$238,989$682,972
44$1,042,238$335,290$214,504$707,744
45$1,115,031$318,204$188,174$734,534
46$1,194,193$299,225$159,907$763,570
47$1,280,340$278,227$129,604$795,106
48$1,374,151$255,077$97,162$829,425
49$1,476,373$229,633$62,475$866,841
50$1,587,826$201,748$25,430$907,704
51$1,709,414$171,264$0$952,400
52$1,842,132$138,014$0$1,003,770
53$1,987,076$101,823$0$1,064,672
54$2,145,451$62,506$0$1,131,314
55$2,318,585$19,866$0$1,204,306
56$2,507,939$0$0$1,284,325
57$2,715,122$0$0$1,382,829
58$2,941,906$0$0$1,499,552
59$3,190,242$0$0$1,627,413
60$3,462,279$0$0$1,767,526
61$3,760,382$0$0$1,921,115
62$4,087,157$0$0$2,089,529
63$4,445,475$0$0$2,274,254
64$4,838,497$0$0$2,476,926
65$5,269,703$0$0$2,699,348
66$5,742,930$0$0$2,943,505
67$6,262,400$0$0$3,211,583
68$6,832,768$0$0$3,505,992
69$7,459,159$0$0$3,829,387
70$8,147,219$0$0$4,184,689
71$8,903,169$0$0$4,575,121
72$9,733,862$0$0$5,004,230
73$10,646,846$0$0$5,475,925
74$11,650,439$0$0$5,994,513
75$12,753,802$0$0$6,564,739
76$13,967,032$0$0$7,191,828
77$15,301,251$0$0$7,881,542
78$16,768,711$0$0$8,640,226
79$18,382,915$0$0$9,474,870
80$20,158,736$0$0$10,393,178
81$22,112,566$0$0$11,403,638
82$24,262,462$0$0$12,515,601
83$26,628,321$0$0$13,739,370
84$29,232,067$0$0$15,086,301
85$32,097,857$0$0$16,568,902
86$35,252,306$0$0$18,200,958
87$38,724,745$0$0$19,997,658
88$42,547,488$0$0$21,975,737
89$46,756,145$0$0$24,153,638
90$51,389,952$0$0$26,551,680
91$56,492,145$0$0$29,192,255
92$62,110,366$0$0$32,100,036
93$68,297,109$0$0$35,302,212
94$75,110,222$0$0$38,828,740
95$82,613,447$0$0$42,712,634
96$90,877,023$0$0$46,990,272
97$99,978,349$0$0$51,701,738
98$110,002,715$0$0$56,891,205
99$121,044,104$0$0$62,607,348
100$133,206,078$0$0$68,903,805