Can I retire at age 30 with 407,000?

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 $407,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$33,610$33,310$33,018$32,733$32,455$31,316
2 years$16,638$16,329$16,028$15,737$15,455$14,319
3 years$10,982$10,671$10,371$10,083$9,805$8,709
4 years$8,155$7,844$7,548$7,264$6,993$5,944
5 years$6,458$6,150$5,857$5,580$5,316$4,317
6 years$5,328$5,022$4,734$4,462$4,206$3,259
7 years$4,521$4,217$3,934$3,668$3,421$2,524
8 years$3,916$3,615$3,336$3,077$2,838$1,991
9 years$3,446$3,148$2,873$2,621$2,390$1,592
10 years$3,069$2,774$2,505$2,260$2,036$1,286
11 years$2,762$2,470$2,205$1,966$1,751$1,047
12 years$2,506$2,217$1,957$1,725$1,518$858
13 years$2,289$2,003$1,749$1,523$1,323$707
14 years$2,104$1,821$1,571$1,352$1,160$584
15 years$1,943$1,664$1,419$1,206$1,021$485
16 years$1,803$1,526$1,286$1,079$903$403
17 years$1,679$1,406$1,170$970$800$336
18 years$1,570$1,299$1,068$874$712$280
19 years$1,471$1,204$978$790$634$234
20 years$1,383$1,119$898$715$567$196
21 years$1,304$1,042$826$649$507$165
22 years$1,231$973$761$590$455$138
23 years$1,165$910$703$538$408$116
24 years$1,105$852$650$490$367$97
25 years$1,049$800$602$448$330$82
26 years$998$752$558$409$297$69
27 years$951$707$518$375$268$58
28 years$907$667$482$343$242$49
29 years$866$629$448$315$218$41
30 years$828$594$418$289$197$34
31 years$793$561$389$265$178$29
32 years$760$531$363$244$161$24
33 years$729$503$339$224$146$21
34 years$700$477$317$206$132$17
35 years$672$452$296$190$120$15
36 years$646$429$277$175$108$12
37 years$622$408$259$161$98$10
38 years$599$387$243$149$89$9
39 years$577$368$228$137$81$7
40 years$556$351$213$126$73$6
41 years$537$334$200$117$67$5
42 years$518$318$188$108$60$4
43 years$500$303$176$99$55$4
44 years$484$289$165$92$50$3
45 years$467$275$155$85$45$3
46 years$452$263$146$78$41$2
47 years$438$251$137$72$37$2
48 years$424$239$129$67$34$2
49 years$410$228$121$62$31$1
50 years$397$218$114$57$28$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $407,000, adding $4,447 every year, while hoping to spend $21,905 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: 52/19/29 Blend
29$407,000$407,000$407,000$407,000
30$453,101$431,530$425,222$472,768
31$476,011$429,368$416,160$484,759
32$500,523$426,366$406,060$495,234
33$526,778$422,460$394,865$506,199
34$554,930$417,581$382,514$517,714
35$585,148$411,658$368,943$529,840
36$617,617$404,613$354,086$542,649
37$652,540$396,365$337,874$556,220
38$690,141$386,829$320,235$570,644
39$730,665$375,914$301,093$586,019
40$774,382$363,523$280,369$602,457
41$821,588$349,554$257,980$620,083
42$872,607$333,899$233,840$639,036
43$927,798$316,445$207,858$659,471
44$987,553$297,071$179,941$681,561
45$1,052,304$275,648$149,990$705,499
46$1,122,527$252,042$117,902$731,499
47$1,198,743$226,111$83,570$759,800
48$1,281,527$197,703$46,882$790,668
49$1,371,512$166,659$7,721$824,398
50$1,469,392$132,811$0$861,318
51$1,575,932$95,981$0$912,336
52$1,691,974$55,981$0$970,550
53$1,818,445$12,613$0$1,034,058
54$1,956,362$0$0$1,103,403
55$2,106,850$0$0$1,186,362
56$2,271,141$0$0$1,279,847
57$2,450,596$0$0$1,382,002
58$2,646,711$0$0$1,493,681
59$2,861,134$0$0$1,615,830
60$3,095,678$0$0$1,749,486
61$3,352,341$0$0$1,895,794
62$3,633,322$0$0$2,056,013
63$3,941,043$0$0$2,231,529
64$4,278,171$0$0$2,423,871
65$4,647,643$0$0$2,634,721
66$5,052,694$0$0$2,865,932
67$5,496,886$0$0$3,119,544
68$5,984,144$0$0$3,397,804
69$6,518,789$0$0$3,703,190
70$7,105,582$0$0$4,038,427
71$7,749,767$0$0$4,406,520
72$8,457,120$0$0$4,810,778
73$9,234,005$0$0$5,254,846
74$10,087,432$0$0$5,742,741
75$11,025,122$0$0$6,278,885
76$12,055,583$0$0$6,868,153
77$13,188,186$0$0$7,515,915
78$14,433,258$0$0$8,228,085
79$15,802,173$0$0$9,011,182
80$17,307,464$0$0$9,872,385
81$18,962,939$0$0$10,819,605
82$20,783,811$0$0$11,861,560
83$22,786,841$0$0$13,007,852
84$24,990,498$0$0$14,269,063
85$27,415,129$0$0$15,656,852
86$30,083,154$0$0$17,184,064
87$33,019,275$0$0$18,864,853
88$36,250,711$0$0$20,714,815
89$39,807,453$0$0$22,751,134
90$43,722,546$0$0$24,992,745
91$48,032,403$0$0$27,460,511
92$52,777,145$0$0$30,177,423
93$58,000,983$0$0$33,168,812
94$63,752,629$0$0$36,462,592
95$70,085,764$0$0$40,089,519
96$77,059,534$0$0$44,083,487
97$84,739,118$0$0$48,481,842
98$93,196,333$0$0$53,325,738
99$102,510,320$0$0$58,660,521
100$112,768,284$0$0$64,536,162