Can I retire at age 30 with 419,000?

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 $419,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$34,601$34,292$33,992$33,698$33,412$32,577
2 years$17,129$16,810$16,501$16,201$15,910$15,075
3 years$11,306$10,986$10,677$10,380$10,094$9,284
4 years$8,395$8,076$7,770$7,478$7,199$6,421
5 years$6,649$6,331$6,030$5,744$5,473$4,728
6 years$5,485$5,170$4,873$4,594$4,330$3,620
7 years$4,654$4,342$4,050$3,777$3,522$2,845
8 years$4,031$3,722$3,434$3,168$2,922$2,279
9 years$3,547$3,240$2,958$2,699$2,460$1,852
10 years$3,160$2,856$2,579$2,326$2,096$1,520
11 years$2,843$2,543$2,270$2,024$1,803$1,259
12 years$2,580$2,282$2,015$1,776$1,562$1,049
13 years$2,357$2,062$1,800$1,568$1,362$880
14 years$2,166$1,875$1,617$1,392$1,194$740
15 years$2,001$1,713$1,460$1,241$1,052$625
16 years$1,856$1,571$1,324$1,111$929$530
17 years$1,729$1,447$1,205$998$824$450
18 years$1,616$1,337$1,100$900$733$383
19 years$1,515$1,239$1,007$813$653$327
20 years$1,424$1,152$924$736$583$279
21 years$1,342$1,073$850$668$522$239
22 years$1,267$1,001$783$608$468$204
23 years$1,200$936$723$553$420$175
24 years$1,137$877$669$505$378$150
25 years$1,080$823$620$461$340$129
26 years$1,028$774$575$421$306$110
27 years$979$728$534$386$276$95
28 years$934$686$496$353$249$81
29 years$892$647$462$324$225$70
30 years$853$611$430$297$203$60
31 years$816$578$401$273$184$52
32 years$782$547$374$251$166$45
33 years$750$518$349$231$150$38
34 years$720$491$326$212$136$33
35 years$692$466$305$196$123$28
36 years$665$442$285$180$112$24
37 years$640$420$267$166$101$21
38 years$617$399$250$153$92$18
39 years$594$379$234$141$83$16
40 years$573$361$220$130$75$13
41 years$553$344$206$120$68$12
42 years$533$327$193$111$62$10
43 years$515$312$181$102$56$9
44 years$498$297$170$94$51$7
45 years$481$283$160$87$46$6
46 years$465$270$150$81$42$5
47 years$450$258$141$74$38$5
48 years$436$246$132$69$35$4
49 years$422$235$125$64$32$3
50 years$409$225$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 $419,000, adding $6,916 every year, while hoping to spend $29,584 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: 44/44/12 Blend
29$419,000$419,000$419,000$419,000
30$468,872$446,665$440,170$487,596
31$485,220$437,074$423,439$491,742
32$502,243$426,022$405,155$492,698
33$519,981$413,406$385,237$493,077
34$538,472$399,116$363,596$492,838
35$557,762$383,038$340,142$491,938
36$577,896$365,050$314,779$490,332
37$598,927$345,023$287,409$487,972
38$620,908$322,819$257,928$484,810
39$643,900$298,296$226,228$480,795
40$667,965$271,301$192,194$475,873
41$693,175$241,672$155,710$469,988
42$719,604$209,239$116,651$463,085
43$747,334$173,822$74,890$455,103
44$776,454$135,231$30,290$445,980
45$807,061$93,266$0$435,655
46$839,258$47,713$0$426,277
47$873,161$0$0$419,847
48$908,893$0$0$413,233
49$946,591$0$0$430,646
50$986,400$0$0$449,056
51$1,028,483$0$0$468,541
52$1,073,014$0$0$489,183
53$1,120,186$0$0$511,076
54$1,170,207$0$0$534,320
55$1,223,307$0$0$559,025
56$1,279,737$0$0$585,311
57$1,339,769$0$0$613,311
58$1,403,704$0$0$643,167
59$1,471,869$0$0$675,039
60$1,544,624$0$0$709,100
61$1,622,363$0$0$745,538
62$1,705,517$0$0$784,563
63$1,794,560$0$0$826,402
64$1,890,009$0$0$871,306
65$1,992,436$0$0$919,549
66$2,102,464$0$0$971,433
67$2,220,779$0$0$1,027,290
68$2,348,134$0$0$1,087,481
69$2,485,355$0$0$1,152,408
70$2,633,351$0$0$1,222,509
71$2,793,119$0$0$1,298,265
72$2,965,754$0$0$1,380,206
73$3,152,463$0$0$1,468,916
74$3,354,568$0$0$1,565,034
75$3,573,525$0$0$1,669,263
76$3,810,935$0$0$1,782,379
77$4,068,557$0$0$1,905,233
78$4,348,327$0$0$2,038,761
79$4,652,374$0$0$2,183,993
80$4,983,041$0$0$2,342,063
81$5,342,903$0$0$2,514,219
82$5,734,796$0$0$2,701,832
83$6,161,841$0$0$2,906,413
84$6,627,469$0$0$3,129,625
85$7,135,462$0$0$3,373,298
86$7,689,977$0$0$3,639,445
87$8,295,594$0$0$3,930,284
88$8,957,353$0$0$4,248,257
89$9,680,803$0$0$4,596,052
90$10,472,053$0$0$4,976,627
91$11,337,831$0$0$5,393,242
92$12,285,543$0$0$5,849,485
93$13,323,347$0$0$6,349,308
94$14,460,224$0$0$6,897,063
95$15,706,067$0$0$7,497,543
96$17,071,768$0$0$8,156,027
97$18,569,327$0$0$8,878,329
98$20,211,959$0$0$9,670,853
99$22,014,219$0$0$10,540,653
100$23,992,139$0$0$11,495,498