Can I retire at age 30 with 420,000?

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 $420,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.1%
1 years$34,683$34,374$34,073$33,779$33,491$32,923
2 years$17,170$16,850$16,540$16,240$15,948$15,377
3 years$11,333$11,012$10,703$10,405$10,118$9,563
4 years$8,415$8,095$7,789$7,496$7,216$6,680
5 years$6,665$6,346$6,044$5,758$5,486$4,971
6 years$5,498$5,182$4,885$4,605$4,341$3,847
7 years$4,665$4,352$4,059$3,786$3,530$3,059
8 years$4,041$3,731$3,443$3,176$2,929$2,479
9 years$3,556$3,248$2,965$2,705$2,466$2,038
10 years$3,167$2,863$2,585$2,332$2,101$1,694
11 years$2,850$2,549$2,276$2,029$1,807$1,421
12 years$2,586$2,288$2,020$1,780$1,566$1,200
13 years$2,363$2,067$1,805$1,571$1,366$1,019
14 years$2,171$1,879$1,621$1,395$1,197$870
15 years$2,006$1,717$1,464$1,244$1,054$745
16 years$1,861$1,575$1,327$1,114$932$640
17 years$1,733$1,451$1,208$1,001$826$552
18 years$1,620$1,340$1,102$902$734$476
19 years$1,518$1,242$1,009$815$655$412
20 years$1,427$1,154$926$738$585$357
21 years$1,345$1,075$852$670$523$310
22 years$1,270$1,004$785$609$469$270
23 years$1,202$939$725$555$421$235
24 years$1,140$880$671$506$378$204
25 years$1,083$825$621$462$341$178
26 years$1,030$776$576$422$307$155
27 years$981$730$535$387$277$136
28 years$936$688$497$354$250$118
29 years$894$649$463$325$225$104
30 years$855$613$431$298$204$90
31 years$818$579$402$274$184$79
32 years$784$548$375$252$167$69
33 years$752$519$350$231$151$61
34 years$722$492$327$213$136$53
35 years$694$467$306$196$124$46
36 years$667$443$286$181$112$41
37 years$642$421$268$166$101$36
38 years$618$400$251$153$92$31
39 years$596$380$235$141$83$27
40 years$574$362$220$130$76$24
41 years$554$344$206$120$69$21
42 years$535$328$194$111$62$18
43 years$516$312$182$102$57$16
44 years$499$298$171$95$51$14
45 years$482$284$160$87$47$12
46 years$467$271$150$81$42$11
47 years$452$259$141$75$38$9
48 years$437$247$133$69$35$8
49 years$423$236$125$64$32$7
50 years$410$225$117$59$29$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $420,000, adding $3,109 every year, while hoping to spend $23,503 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: 52/25/23 Blend
29$420,000$420,000$420,000$420,000
30$466,047$443,787$437,277$487,155
31$488,577$440,525$426,919$498,808
32$512,617$436,317$415,426$508,806
33$538,296$431,089$402,735$519,193
34$565,757$424,767$388,781$530,015
35$595,155$417,270$373,496$541,325
36$626,659$408,515$356,806$553,180
37$660,456$398,411$338,638$565,646
38$696,753$386,862$318,912$578,797
39$735,772$373,770$297,546$592,716
40$777,762$359,026$274,455$607,496
41$822,994$342,518$249,550$623,242
42$871,765$324,127$222,735$640,072
43$924,403$303,727$193,915$658,116
44$981,268$281,185$162,986$677,521
45$1,042,753$256,359$129,842$698,451
46$1,109,294$229,101$94,372$721,091
47$1,181,368$199,252$56,459$745,644
48$1,259,499$166,648$15,982$772,338
49$1,344,265$131,111$0$801,430
50$1,436,301$92,456$0$839,879
51$1,536,304$50,487$0$885,945
52$1,645,043$4,997$0$936,086
53$1,763,363$0$0$990,728
54$1,892,192$0$0$1,062,513
55$2,032,555$0$0$1,142,260
56$2,185,577$0$0$1,229,239
57$2,352,496$0$0$1,324,161
58$2,534,677$0$0$1,427,804
59$2,733,620$0$0$1,541,030
60$2,950,979$0$0$1,664,783
61$3,188,571$0$0$1,800,106
62$3,448,401$0$0$1,948,147
63$3,732,673$0$0$2,110,166
64$4,043,816$0$0$2,287,556
65$4,384,503$0$0$2,481,847
66$4,757,679$0$0$2,694,727
67$5,166,587$0$0$2,928,052
68$5,614,797$0$0$3,183,867
69$6,106,244$0$0$3,464,426
70$6,645,258$0$0$3,772,210
71$7,236,611$0$0$4,109,951
72$7,885,558$0$0$4,480,661
73$8,597,889$0$0$4,887,656
74$9,379,980$0$0$5,334,588
75$10,238,855$0$0$5,825,481
76$11,182,252$0$0$6,364,769
77$12,218,694$0$0$6,957,334
78$13,357,574$0$0$7,608,557
79$14,609,235$0$0$8,324,364
80$15,985,074$0$0$9,111,285
81$17,497,649$0$0$9,976,513
82$19,160,793$0$0$10,927,975
83$20,989,746$0$0$11,974,403
84$23,001,302$0$0$13,125,418
85$25,213,959$0$0$14,391,619
86$27,648,103$0$0$15,784,686
87$30,326,194$0$0$17,317,487
88$33,272,975$0$0$19,004,200
89$36,515,714$0$0$20,860,449
90$40,084,453$0$0$22,903,447
91$44,012,293$0$0$25,152,160
92$48,335,709$0$0$27,627,488
93$53,094,889$0$0$30,352,458
94$58,334,117$0$0$33,352,445
95$64,102,188$0$0$36,655,407
96$70,452,869$0$0$40,292,154
97$77,445,405$0$0$44,296,632
98$85,145,080$0$0$48,706,249
99$93,623,830$0$0$53,562,225
100$102,960,922$0$0$58,909,981