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%12.1%
1 years$33,527$33,228$32,937$32,653$32,375$32,090
2 years$16,598$16,288$15,989$15,698$15,417$15,130
3 years$10,955$10,645$10,346$10,058$9,781$9,501
4 years$8,134$7,825$7,529$7,246$6,976$6,705
5 years$6,443$6,135$5,843$5,566$5,303$5,041
6 years$5,315$5,010$4,722$4,451$4,196$3,944
7 years$4,510$4,207$3,924$3,659$3,413$3,171
8 years$3,906$3,606$3,328$3,070$2,831$2,600
9 years$3,437$3,140$2,866$2,615$2,384$2,163
10 years$3,062$2,768$2,499$2,254$2,031$1,820
11 years$2,755$2,464$2,200$1,962$1,747$1,545
12 years$2,500$2,211$1,952$1,721$1,514$1,322
13 years$2,284$1,998$1,744$1,519$1,320$1,137
14 years$2,099$1,817$1,567$1,348$1,157$983
15 years$1,939$1,659$1,415$1,203$1,019$854
16 years$1,799$1,523$1,283$1,077$901$744
17 years$1,675$1,402$1,167$967$799$650
18 years$1,566$1,296$1,066$872$710$570
19 years$1,468$1,201$976$788$633$500
20 years$1,380$1,116$895$714$565$440
21 years$1,300$1,039$824$648$506$388
22 years$1,228$970$759$589$453$342
23 years$1,162$907$701$536$407$303
24 years$1,102$850$648$489$366$268
25 years$1,047$798$600$447$329$237
26 years$996$750$557$408$297$210
27 years$949$706$517$374$267$186
28 years$905$665$481$342$241$165
29 years$864$627$447$314$218$147
30 years$826$592$417$288$197$130
31 years$791$560$388$265$178$116
32 years$758$530$362$243$161$103
33 years$727$502$338$224$146$92
34 years$698$476$316$206$132$82
35 years$671$451$296$189$119$73
36 years$645$428$277$175$108$65
37 years$620$407$259$161$98$58
38 years$597$387$242$148$89$51
39 years$576$368$227$137$81$46
40 years$555$350$213$126$73$41
41 years$535$333$200$116$66$36
42 years$517$317$187$107$60$32
43 years$499$302$176$99$55$29
44 years$482$288$165$91$50$26
45 years$466$275$155$84$45$23
46 years$451$262$145$78$41$20
47 years$436$250$137$72$37$18
48 years$423$239$128$67$34$16
49 years$409$228$121$62$31$14
50 years$396$218$113$57$28$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $406,000, adding $6,705 every year, while hoping to spend $21,913 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: 46/37/17 Blend
29$406,000$406,000$406,000$406,000
30$454,328$432,810$426,517$472,742
31$477,354$430,703$417,490$484,150
32$501,995$427,757$407,427$493,781
33$528,391$423,910$396,268$503,762
34$556,698$419,093$383,954$514,133
35$587,087$413,234$370,422$524,943
36$619,743$406,256$355,605$536,245
37$654,874$398,079$339,434$548,099
38$692,702$388,616$321,837$560,573
39$733,477$377,778$302,737$573,744
40$777,469$365,467$282,057$587,700
41$824,978$351,581$259,713$602,537
42$876,331$336,014$235,618$618,364
43$931,890$318,652$209,684$635,305
44$992,049$299,372$181,815$653,497
45$1,057,246$278,049$151,914$673,095
46$1,127,959$254,548$119,877$694,271
47$1,204,715$228,725$85,597$717,217
48$1,288,094$200,431$48,963$742,151
49$1,378,734$169,506$9,857$769,312
50$1,477,335$135,782$0$798,970
51$1,584,670$99,081$0$837,207
52$1,701,587$59,217$0$880,859
53$1,829,021$15,991$0$928,533
54$1,968,000$0$0$980,668
55$2,119,656$0$0$1,050,296
56$2,285,235$0$0$1,133,469
57$2,466,109$0$0$1,224,371
58$2,663,787$0$0$1,323,767
59$2,879,931$0$0$1,432,498
60$3,116,371$0$0$1,551,491
61$3,375,124$0$0$1,681,768
62$3,658,406$0$0$1,824,451
63$3,968,663$0$0$1,980,780
64$4,308,584$0$0$2,152,116
65$4,681,134$0$0$2,339,961
66$5,089,576$0$0$2,545,968
67$5,537,504$0$0$2,771,960
68$6,028,878$0$0$3,019,941
69$6,568,058$0$0$3,292,121
70$7,159,848$0$0$3,590,935
71$7,809,538$0$0$3,919,062
72$8,522,958$0$0$4,279,457
73$9,306,527$0$0$4,675,372
74$10,167,319$0$0$5,110,392
75$11,113,124$0$0$5,588,466
76$12,152,526$0$0$6,113,942
77$13,294,983$0$0$6,691,614
78$14,550,911$0$0$7,326,761
79$15,931,789$0$0$8,025,200
80$17,450,262$0$0$8,793,340
81$19,120,262$0$0$9,638,241
82$20,957,140$0$0$10,567,684
83$22,977,807$0$0$11,590,239
84$25,200,899$0$0$12,715,352
85$27,646,945$0$0$13,953,428
86$30,338,568$0$0$15,315,932
87$33,300,693$0$0$16,815,499
88$36,560,784$0$0$18,466,048
89$40,149,102$0$0$20,282,916
90$44,098,990$0$0$22,283,006
91$48,447,190$0$0$24,484,938
92$53,234,184$0$0$26,909,233
93$58,504,581$0$0$29,578,501
94$64,307,534$0$0$32,517,657
95$70,697,207$0$0$35,754,155
96$77,733,281$0$0$39,318,245
97$85,481,521$0$0$43,243,264
98$94,014,393$0$0$47,565,944
99$103,411,752$0$0$52,326,760
100$113,761,590$0$0$57,570,316