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%16.2%
1 years$34,518$34,211$33,911$33,618$33,332$32,487
2 years$17,088$16,770$16,461$16,162$15,872$15,026
3 years$11,279$10,959$10,652$10,355$10,070$9,250
4 years$8,375$8,056$7,752$7,460$7,182$6,393
5 years$6,633$6,316$6,016$5,730$5,460$4,705
6 years$5,472$5,158$4,862$4,583$4,320$3,600
7 years$4,643$4,331$4,040$3,768$3,513$2,829
8 years$4,022$3,713$3,426$3,161$2,915$2,265
9 years$3,539$3,233$2,951$2,692$2,455$1,839
10 years$3,152$2,849$2,573$2,321$2,091$1,509
11 years$2,837$2,537$2,265$2,020$1,799$1,249
12 years$2,574$2,277$2,010$1,771$1,559$1,040
13 years$2,351$2,058$1,796$1,564$1,359$871
14 years$2,161$1,870$1,614$1,388$1,191$733
15 years$1,996$1,709$1,457$1,238$1,049$619
16 years$1,852$1,568$1,321$1,109$927$524
17 years$1,725$1,444$1,202$996$822$445
18 years$1,612$1,334$1,097$898$731$378
19 years$1,511$1,236$1,004$811$652$322
20 years$1,421$1,149$922$735$582$275
21 years$1,339$1,070$848$667$521$235
22 years$1,264$999$781$606$467$201
23 years$1,197$934$722$552$419$172
24 years$1,135$875$667$504$377$147
25 years$1,078$821$618$460$339$126
26 years$1,025$772$573$420$305$108
27 years$977$727$532$385$275$93
28 years$932$685$495$353$248$80
29 years$890$646$460$323$224$69
30 years$851$610$429$297$203$59
31 years$814$577$400$273$183$51
32 years$780$546$373$250$166$43
33 years$749$517$348$230$150$37
34 years$719$490$325$212$136$32
35 years$690$464$304$195$123$28
36 years$664$441$285$180$111$24
37 years$639$419$266$166$101$20
38 years$615$398$250$153$92$18
39 years$593$378$234$141$83$15
40 years$571$360$219$130$75$13
41 years$551$343$205$120$68$11
42 years$532$326$193$110$62$10
43 years$514$311$181$102$56$8
44 years$497$296$170$94$51$7
45 years$480$283$159$87$46$6
46 years$464$270$150$80$42$5
47 years$449$257$141$74$38$5
48 years$435$246$132$69$35$4
49 years$421$235$124$63$32$3
50 years$408$224$117$59$29$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $418,000, adding $3,428 every year, while hoping to spend $24,477 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: 63/21/16 Blend
29$418,000$418,000$418,000$418,000
30$464,172$442,018$435,539$491,366
31$485,474$437,634$424,086$505,660
32$508,129$432,214$411,429$518,167
33$532,248$425,682$397,502$531,237
34$557,955$417,958$382,236$544,928
35$585,383$408,955$365,558$559,301
36$614,680$398,582$347,392$574,426
37$646,008$386,743$327,660$590,381
38$679,542$373,335$306,278$607,253
39$715,478$358,251$283,162$625,138
40$754,029$341,377$258,219$644,144
41$795,426$322,591$231,356$664,391
42$839,928$301,766$202,475$686,013
43$887,815$278,767$171,472$709,158
44$939,396$253,451$138,240$733,992
45$995,011$225,666$102,668$760,698
46$1,055,032$195,254$64,637$789,481
47$1,119,869$162,045$24,026$820,568
48$1,189,972$125,861$0$854,211
49$1,265,835$86,515$0$893,988
50$1,348,003$43,806$0$941,503
51$1,437,073$0$0$993,019
52$1,533,702$0$0$1,049,516
53$1,638,615$0$0$1,121,871
54$1,752,605$0$0$1,200,514
55$1,876,549$0$0$1,286,051
56$2,011,407$0$0$1,379,150
57$2,158,240$0$0$1,480,546
58$2,318,213$0$0$1,591,047
59$2,492,607$0$0$1,711,542
60$2,682,835$0$0$1,843,012
61$2,890,449$0$0$1,986,533
62$3,117,160$0$0$2,143,294
63$3,364,849$0$0$2,314,599
64$3,635,590$0$0$2,501,887
65$3,931,663$0$0$2,706,740
66$4,255,581$0$0$2,930,904
67$4,610,110$0$0$3,176,296
68$4,998,295$0$0$3,445,032
69$5,423,491$0$0$3,739,438
70$5,889,390$0$0$4,062,078
71$6,400,062$0$0$4,415,776
72$6,959,985$0$0$4,803,641
73$7,574,095$0$0$5,229,099
74$8,247,826$0$0$5,695,921
75$8,987,165$0$0$6,208,262
76$9,798,705$0$0$6,770,700
77$10,689,710$0$0$7,388,277
78$11,668,181$0$0$8,066,545
79$12,742,932$0$0$8,811,624
80$13,923,672$0$0$9,630,254
81$15,221,098$0$0$10,529,858
82$16,646,993$0$0$11,518,618
83$18,214,340$0$0$12,605,544
84$19,937,442$0$0$13,800,566
85$21,832,054$0$0$15,114,622
86$23,915,538$0$0$16,559,763
87$26,207,022$0$0$18,149,267
88$28,727,577$0$0$19,897,764
89$31,500,423$0$0$21,821,371
90$34,551,143$0$0$23,937,848
91$37,907,923$0$0$26,266,763
92$41,601,820$0$0$28,829,675
93$45,667,055$0$0$31,650,341
94$50,141,331$0$0$34,754,937
95$55,066,195$0$0$38,172,303
96$60,487,425$0$0$41,934,220
97$66,455,460$0$0$46,075,706
98$73,025,883$0$0$50,635,345
99$80,259,935$0$0$55,655,655
100$88,225,102$0$0$61,183,485