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%19.5%
1 years$33,527$33,228$32,937$32,653$32,375$31,140
2 years$16,598$16,288$15,989$15,698$15,417$14,187
3 years$10,955$10,645$10,346$10,058$9,781$8,595
4 years$8,134$7,825$7,529$7,246$6,976$5,843
5 years$6,443$6,135$5,843$5,566$5,303$4,226
6 years$5,315$5,010$4,722$4,451$4,196$3,176
7 years$4,510$4,207$3,924$3,659$3,413$2,449
8 years$3,906$3,606$3,328$3,070$2,831$1,922
9 years$3,437$3,140$2,866$2,615$2,384$1,530
10 years$3,062$2,768$2,499$2,254$2,031$1,230
11 years$2,755$2,464$2,200$1,962$1,747$996
12 years$2,500$2,211$1,952$1,721$1,514$812
13 years$2,284$1,998$1,744$1,519$1,320$665
14 years$2,099$1,817$1,567$1,348$1,157$547
15 years$1,939$1,659$1,415$1,203$1,019$451
16 years$1,799$1,523$1,283$1,077$901$373
17 years$1,675$1,402$1,167$967$799$309
18 years$1,566$1,296$1,066$872$710$256
19 years$1,468$1,201$976$788$633$213
20 years$1,380$1,116$895$714$565$177
21 years$1,300$1,039$824$648$506$148
22 years$1,228$970$759$589$453$123
23 years$1,162$907$701$536$407$103
24 years$1,102$850$648$489$366$86
25 years$1,047$798$600$447$329$71
26 years$996$750$557$408$297$60
27 years$949$706$517$374$267$50
28 years$905$665$481$342$241$42
29 years$864$627$447$314$218$35
30 years$826$592$417$288$197$29
31 years$791$560$388$265$178$24
32 years$758$530$362$243$161$20
33 years$727$502$338$224$146$17
34 years$698$476$316$206$132$14
35 years$671$451$296$189$119$12
36 years$645$428$277$175$108$10
37 years$620$407$259$161$98$8
38 years$597$387$242$148$89$7
39 years$576$368$227$137$81$6
40 years$555$350$213$126$73$5
41 years$535$333$200$116$66$4
42 years$517$317$187$107$60$3
43 years$499$302$176$99$55$3
44 years$482$288$165$91$50$2
45 years$466$275$155$84$45$2
46 years$451$262$145$78$41$2
47 years$436$250$137$72$37$1
48 years$423$239$128$67$34$1
49 years$409$228$121$62$31$1
50 years$396$218$113$57$28$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $406,000, adding $6,383 every year, while hoping to spend $33,945 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: 48/28/24 Blend
29$406,000$406,000$406,000$406,000
30$453,996$432,478$426,185$472,419
31$464,186$417,552$404,345$471,027
32$474,279$400,757$380,636$465,632
33$484,227$381,966$354,959$459,089
34$493,979$361,044$327,211$451,305
35$503,477$337,847$297,285$442,182
36$512,656$312,226$265,068$431,612
37$521,443$284,021$230,444$419,481
38$529,756$253,064$193,289$405,666
39$537,503$219,176$153,477$390,036
40$544,582$182,169$110,872$372,446
41$550,879$141,846$65,336$352,745
42$556,268$97,995$16,724$330,767
43$560,605$50,395$0$306,335
44$563,735$0$0$288,260
45$565,481$0$0$272,854
46$565,649$0$0$272,115
47$564,022$0$0$270,402
48$560,361$0$0$267,585
49$554,398$0$0$263,523
50$545,840$0$0$258,059
51$534,357$0$0$251,019
52$519,588$0$0$242,211
53$501,130$0$0$231,419
54$478,539$0$0$218,409
55$451,321$0$0$202,918
56$418,933$0$0$184,658
57$380,770$0$0$163,308
58$336,167$0$0$138,514
59$284,386$0$0$109,886
60$224,612$0$0$76,991
61$155,944$0$0$39,351
62$77,388$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