Can I retire at age 30 with 418,000?

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 $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%12.9%
1 years$34,518$34,211$33,911$33,618$33,332$32,929
2 years$17,088$16,770$16,461$16,162$15,872$15,467
3 years$11,279$10,959$10,652$10,355$10,070$9,675
4 years$8,375$8,056$7,752$7,460$7,182$6,800
5 years$6,633$6,316$6,016$5,730$5,460$5,092
6 years$5,472$5,158$4,862$4,583$4,320$3,967
7 years$4,643$4,331$4,040$3,768$3,513$3,175
8 years$4,022$3,713$3,426$3,161$2,915$2,591
9 years$3,539$3,233$2,951$2,692$2,455$2,145
10 years$3,152$2,849$2,573$2,321$2,091$1,796
11 years$2,837$2,537$2,265$2,020$1,799$1,518
12 years$2,574$2,277$2,010$1,771$1,559$1,292
13 years$2,351$2,058$1,796$1,564$1,359$1,106
14 years$2,161$1,870$1,614$1,388$1,191$951
15 years$1,996$1,709$1,457$1,238$1,049$821
16 years$1,852$1,568$1,321$1,109$927$712
17 years$1,725$1,444$1,202$996$822$619
18 years$1,612$1,334$1,097$898$731$539
19 years$1,511$1,236$1,004$811$652$471
20 years$1,421$1,149$922$735$582$412
21 years$1,339$1,070$848$667$521$361
22 years$1,264$999$781$606$467$316
23 years$1,197$934$722$552$419$278
24 years$1,135$875$667$504$377$244
25 years$1,078$821$618$460$339$215
26 years$1,025$772$573$420$305$189
27 years$977$727$532$385$275$167
28 years$932$685$495$353$248$147
29 years$890$646$460$323$224$130
30 years$851$610$429$297$203$115
31 years$814$577$400$273$183$101
32 years$780$546$373$250$166$89
33 years$749$517$348$230$150$79
34 years$719$490$325$212$136$70
35 years$690$464$304$195$123$62
36 years$664$441$285$180$111$55
37 years$639$419$266$166$101$48
38 years$615$398$250$153$92$43
39 years$593$378$234$141$83$38
40 years$571$360$219$130$75$33
41 years$551$343$205$120$68$30
42 years$532$326$193$110$62$26
43 years$514$311$181$102$56$23
44 years$497$296$170$94$51$20
45 years$480$283$159$87$46$18
46 years$464$270$150$80$42$16
47 years$449$257$141$74$38$14
48 years$435$246$132$69$35$13
49 years$421$235$124$63$32$11
50 years$408$224$117$59$29$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $418,000, adding $5,676 every year, while hoping to spend $25,173 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: 52/39/9 Blend
29$418,000$418,000$418,000$418,000
30$466,491$444,337$437,858$489,388
31$487,289$439,325$425,742$500,582
32$509,365$433,225$412,377$509,557
33$532,822$425,955$397,694$518,724
34$557,775$417,431$381,621$528,108
35$584,346$407,564$364,084$537,737
36$612,673$396,258$345,004$547,641
37$642,904$383,413$324,300$557,857
38$675,202$368,922$301,886$568,429
39$709,746$352,673$277,673$579,403
40$746,733$334,546$251,567$590,835
41$786,376$314,416$223,472$602,787
42$828,913$292,149$193,284$615,332
43$874,602$267,604$160,899$628,549
44$923,728$240,632$126,205$642,530
45$976,601$211,077$89,086$657,379
46$1,033,565$178,770$49,421$673,213
47$1,094,996$143,537$7,084$690,164
48$1,161,307$105,192$0$708,381
49$1,232,952$63,538$0$731,689
50$1,310,431$18,369$0$757,582
51$1,394,291$0$0$785,604
52$1,485,137$0$0$829,109
53$1,583,631$0$0$884,859
54$1,690,501$0$0$945,388
55$1,806,551$0$0$1,011,154
56$1,932,662$0$0$1,082,662
57$2,069,805$0$0$1,160,468
58$2,219,046$0$0$1,245,182
59$2,381,560$0$0$1,337,477
60$2,558,641$0$0$1,438,093
61$2,751,709$0$0$1,547,844
62$2,962,332$0$0$1,667,625
63$3,192,231$0$0$1,798,425
64$3,443,304$0$0$1,941,328
65$3,717,639$0$0$2,097,530
66$4,017,534$0$0$2,268,348
67$4,345,520$0$0$2,455,230
68$4,704,384$0$0$2,659,774
69$5,097,194$0$0$2,883,735
70$5,527,329$0$0$3,129,049
71$5,998,510$0$0$3,397,847
72$6,514,834$0$0$3,692,475
73$7,080,814$0$0$4,015,520
74$7,701,420$0$0$4,369,827
75$8,382,127$0$0$4,758,532
76$9,128,963$0$0$5,185,089
77$9,948,570$0$0$5,653,303
78$10,848,264$0$0$6,167,363
79$11,836,101$0$0$6,731,886
80$12,920,960$0$0$7,351,957
81$14,112,618$0$0$8,033,178
82$15,421,847$0$0$8,781,720
83$16,860,514$0$0$9,604,382
84$18,441,693$0$0$10,508,654
85$20,179,787$0$0$11,502,787
86$22,090,663$0$0$12,595,873
87$24,191,803$0$0$13,797,927
88$26,502,468$0$0$15,119,985
89$29,043,878$0$0$16,574,204
90$31,839,415$0$0$18,173,982
91$34,914,837$0$0$19,934,077
92$38,298,529$0$0$21,870,751
93$42,021,762$0$0$24,001,924
94$46,118,993$0$0$26,347,337
95$50,628,189$0$0$28,928,745
96$55,591,182$0$0$31,770,117
97$61,054,066$0$0$34,897,864
98$67,067,631$0$0$38,341,087
99$73,687,840$0$0$42,131,854
100$80,976,359$0$0$46,305,499