Can I retire at age 30 with 420,000?

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 $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%18.6%
1 years$34,683$34,374$34,073$33,779$33,491$32,329
2 years$17,170$16,850$16,540$16,240$15,948$14,789
3 years$11,333$11,012$10,703$10,405$10,118$8,999
4 years$8,415$8,095$7,789$7,496$7,216$6,145
5 years$6,665$6,346$6,044$5,758$5,486$4,466
6 years$5,498$5,182$4,885$4,605$4,341$3,373
7 years$4,665$4,352$4,059$3,786$3,530$2,614
8 years$4,041$3,731$3,443$3,176$2,929$2,063
9 years$3,556$3,248$2,965$2,705$2,466$1,651
10 years$3,167$2,863$2,585$2,332$2,101$1,334
11 years$2,850$2,549$2,276$2,029$1,807$1,087
12 years$2,586$2,288$2,020$1,780$1,566$892
13 years$2,363$2,067$1,805$1,571$1,366$735
14 years$2,171$1,879$1,621$1,395$1,197$608
15 years$2,006$1,717$1,464$1,244$1,054$504
16 years$1,861$1,575$1,327$1,114$932$420
17 years$1,733$1,451$1,208$1,001$826$350
18 years$1,620$1,340$1,102$902$734$293
19 years$1,518$1,242$1,009$815$655$245
20 years$1,427$1,154$926$738$585$205
21 years$1,345$1,075$852$670$523$172
22 years$1,270$1,004$785$609$469$144
23 years$1,202$939$725$555$421$121
24 years$1,140$880$671$506$378$102
25 years$1,083$825$621$462$341$86
26 years$1,030$776$576$422$307$72
27 years$981$730$535$387$277$61
28 years$936$688$497$354$250$51
29 years$894$649$463$325$225$43
30 years$855$613$431$298$204$36
31 years$818$579$402$274$184$31
32 years$784$548$375$252$167$26
33 years$752$519$350$231$151$22
34 years$722$492$327$213$136$18
35 years$694$467$306$196$124$15
36 years$667$443$286$181$112$13
37 years$642$421$268$166$101$11
38 years$618$400$251$153$92$9
39 years$596$380$235$141$83$8
40 years$574$362$220$130$76$7
41 years$554$344$206$120$69$6
42 years$535$328$194$111$62$5
43 years$516$312$182$102$57$4
44 years$499$298$171$95$51$3
45 years$482$284$160$87$47$3
46 years$467$271$150$81$42$2
47 years$452$259$141$75$38$2
48 years$437$247$133$69$35$2
49 years$423$236$125$64$32$1
50 years$410$225$117$59$29$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $420,000, adding $5,114 every year, while hoping to spend $32,211 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: 69/11/20 Blend
29$420,000$420,000$420,000$420,000
30$468,115$445,855$439,345$497,770
31$481,591$433,430$419,791$505,803
32$495,361$419,316$398,502$510,333
33$509,422$403,397$375,386$514,502
34$523,769$385,549$350,348$518,271
35$538,395$365,642$323,286$521,599
36$553,290$343,538$294,095$524,441
37$568,444$319,089$262,665$526,751
38$583,843$292,143$228,882$528,475
39$599,472$262,534$192,626$529,558
40$615,311$230,091$153,772$529,941
41$631,338$194,632$112,189$529,559
42$647,528$155,962$67,741$528,342
43$663,851$113,879$20,286$526,214
44$680,273$68,168$0$523,094
45$696,754$18,602$0$525,372
46$713,250$0$0$531,516
47$729,709$0$0$541,367
48$746,073$0$0$553,385
49$762,278$0$0$565,269
50$778,249$0$0$576,961
51$793,903$0$0$588,397
52$809,146$0$0$599,507
53$823,873$0$0$610,209
54$837,967$0$0$620,414
55$851,294$0$0$630,020
56$863,709$0$0$638,915
57$875,046$0$0$646,974
58$885,122$0$0$654,056
59$893,731$0$0$660,004
60$900,645$0$0$664,645
61$905,611$0$0$667,785
62$908,346$0$0$669,209
63$908,536$0$0$668,677
64$905,833$0$0$665,924
65$899,851$0$0$660,655
66$890,159$0$0$652,543
67$876,282$0$0$641,225
68$857,692$0$0$626,300
69$833,806$0$0$607,322
70$803,974$0$0$583,798
71$767,481$0$0$555,183
72$723,533$0$0$520,871
73$671,253$0$0$480,195
74$609,668$0$0$432,416
75$537,704$0$0$376,715
76$454,175$0$0$312,188
77$357,767$0$0$237,837
78$247,029$0$0$152,556
79$120,358$0$0$55,127
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0