Can I retire at age 30 with 418,000?

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 $418,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$34,518$34,211$33,911$33,618$33,332$32,834
2 years$17,088$16,770$16,461$16,162$15,872$15,372
3 years$11,279$10,959$10,652$10,355$10,070$9,582
4 years$8,375$8,056$7,752$7,460$7,182$6,711
5 years$6,633$6,316$6,016$5,730$5,460$5,007
6 years$5,472$5,158$4,862$4,583$4,320$3,886
7 years$4,643$4,331$4,040$3,768$3,513$3,098
8 years$4,022$3,713$3,426$3,161$2,915$2,518
9 years$3,539$3,233$2,951$2,692$2,455$2,076
10 years$3,152$2,849$2,573$2,321$2,091$1,731
11 years$2,837$2,537$2,265$2,020$1,799$1,456
12 years$2,574$2,277$2,010$1,771$1,559$1,234
13 years$2,351$2,058$1,796$1,564$1,359$1,051
14 years$2,161$1,870$1,614$1,388$1,191$900
15 years$1,996$1,709$1,457$1,238$1,049$774
16 years$1,852$1,568$1,321$1,109$927$667
17 years$1,725$1,444$1,202$996$822$577
18 years$1,612$1,334$1,097$898$731$500
19 years$1,511$1,236$1,004$811$652$435
20 years$1,421$1,149$922$735$582$378
21 years$1,339$1,070$848$667$521$329
22 years$1,264$999$781$606$467$287
23 years$1,197$934$722$552$419$251
24 years$1,135$875$667$504$377$220
25 years$1,078$821$618$460$339$192
26 years$1,025$772$573$420$305$168
27 years$977$727$532$385$275$147
28 years$932$685$495$353$248$129
29 years$890$646$460$323$224$113
30 years$851$610$429$297$203$100
31 years$814$577$400$273$183$87
32 years$780$546$373$250$166$77
33 years$749$517$348$230$150$67
34 years$719$490$325$212$136$59
35 years$690$464$304$195$123$52
36 years$664$441$285$180$111$46
37 years$639$419$266$166$101$40
38 years$615$398$250$153$92$35
39 years$593$378$234$141$83$31
40 years$571$360$219$130$75$27
41 years$551$343$205$120$68$24
42 years$532$326$193$110$62$21
43 years$514$311$181$102$56$19
44 years$497$296$170$94$51$16
45 years$480$283$159$87$46$14
46 years$464$270$150$80$42$13
47 years$449$257$141$74$38$11
48 years$435$246$132$69$35$10
49 years$421$235$124$63$32$9
50 years$408$224$117$59$29$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $418,000, adding $3,569 every year, while hoping to spend $26,233 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: 28/48/24 Blend
29$418,000$418,000$418,000$418,000
30$464,317$442,163$435,684$473,754
31$483,766$435,918$422,368$475,206
32$504,319$428,487$407,727$474,228
33$526,062$419,785$391,688$472,631
34$549,087$409,721$374,176$470,381
35$573,496$398,199$355,112$467,441
36$599,399$385,117$334,415$463,772
37$626,917$370,368$311,998$459,338
38$656,183$353,836$287,770$454,099
39$687,342$335,402$261,639$448,016
40$720,552$314,939$233,505$441,048
41$755,988$292,310$203,267$433,158
42$793,839$267,373$170,816$424,304
43$834,314$239,978$136,042$414,448
44$877,642$209,965$98,827$403,551
45$924,073$177,165$59,050$391,575
46$973,883$141,401$16,583$378,485
47$1,027,374$102,484$0$364,245
48$1,084,877$60,217$0$356,183
49$1,146,756$14,388$0$351,921
50$1,213,409$0$0$347,219
51$1,285,277$0$0$360,699
52$1,362,840$0$0$383,501
53$1,446,627$0$0$408,189
54$1,537,222$0$0$434,940
55$1,635,264$0$0$463,951
56$1,741,454$0$0$495,438
57$1,856,567$0$0$529,637
58$1,981,453$0$0$566,810
59$2,117,045$0$0$607,244
60$2,264,372$0$0$651,254
61$2,424,566$0$0$699,189
62$2,598,870$0$0$751,431
63$2,788,654$0$0$808,401
64$2,995,423$0$0$870,561
65$3,220,837$0$0$938,423
66$3,466,718$0$0$1,012,547
67$3,735,077$0$0$1,093,552
68$4,028,122$0$0$1,182,118
69$4,348,289$0$0$1,278,993
70$4,698,255$0$0$1,385,003
71$5,080,970$0$0$1,501,056
72$5,499,683$0$0$1,628,152
73$5,957,969$0$0$1,767,392
74$6,459,765$0$0$1,919,990
75$7,009,408$0$0$2,087,281
76$7,611,674$0$0$2,270,737
77$8,271,820$0$0$2,471,977
78$8,995,640$0$0$2,692,787
79$9,789,513$0$0$2,935,133
80$10,660,464$0$0$3,201,180
81$11,616,234$0$0$3,493,313
82$12,665,347$0$0$3,814,161
83$13,817,193$0$0$4,166,619
84$15,082,118$0$0$4,553,874
85$16,471,515$0$0$4,979,441
86$17,997,937$0$0$5,447,189
87$19,675,214$0$0$5,961,382
88$21,518,581$0$0$6,526,719
89$23,544,820$0$0$7,148,374
90$25,772,423$0$0$7,832,050
91$28,221,761$0$0$8,584,029
92$30,915,279$0$0$9,411,232
93$33,877,706$0$0$10,321,287
94$37,136,285$0$0$11,322,596
95$40,721,036$0$0$12,424,417
96$44,665,032$0$0$13,636,952
97$49,004,716$0$0$14,971,440
98$53,780,238$0$0$16,440,267
99$59,035,840$0$0$18,057,080
100$64,820,269$0$0$19,836,914