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%17.4%
1 years$34,683$34,374$34,073$33,779$33,491$32,484
2 years$17,170$16,850$16,540$16,240$15,948$14,942
3 years$11,333$11,012$10,703$10,405$10,118$9,145
4 years$8,415$8,095$7,789$7,496$7,216$6,283
5 years$6,665$6,346$6,044$5,758$5,486$4,595
6 years$5,498$5,182$4,885$4,605$4,341$3,493
7 years$4,665$4,352$4,059$3,786$3,530$2,726
8 years$4,041$3,731$3,443$3,176$2,929$2,167
9 years$3,556$3,248$2,965$2,705$2,466$1,746
10 years$3,167$2,863$2,585$2,332$2,101$1,422
11 years$2,850$2,549$2,276$2,029$1,807$1,168
12 years$2,586$2,288$2,020$1,780$1,566$965
13 years$2,363$2,067$1,805$1,571$1,366$802
14 years$2,171$1,879$1,621$1,395$1,197$669
15 years$2,006$1,717$1,464$1,244$1,054$560
16 years$1,861$1,575$1,327$1,114$932$470
17 years$1,733$1,451$1,208$1,001$826$396
18 years$1,620$1,340$1,102$902$734$333
19 years$1,518$1,242$1,009$815$655$282
20 years$1,427$1,154$926$738$585$238
21 years$1,345$1,075$852$670$523$202
22 years$1,270$1,004$785$609$469$171
23 years$1,202$939$725$555$421$145
24 years$1,140$880$671$506$378$123
25 years$1,083$825$621$462$341$104
26 years$1,030$776$576$422$307$89
27 years$981$730$535$387$277$75
28 years$936$688$497$354$250$64
29 years$894$649$463$325$225$54
30 years$855$613$431$298$204$46
31 years$818$579$402$274$184$39
32 years$784$548$375$252$167$34
33 years$752$519$350$231$151$29
34 years$722$492$327$213$136$24
35 years$694$467$306$196$124$21
36 years$667$443$286$181$112$18
37 years$642$421$268$166$101$15
38 years$618$400$251$153$92$13
39 years$596$380$235$141$83$11
40 years$574$362$220$130$76$9
41 years$554$344$206$120$69$8
42 years$535$328$194$111$62$7
43 years$516$312$182$102$57$6
44 years$499$298$171$95$51$5
45 years$482$284$160$87$47$4
46 years$467$271$150$81$42$4
47 years$452$259$141$75$38$3
48 years$437$247$133$69$35$3
49 years$423$236$125$64$32$2
50 years$410$225$117$59$29$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $420,000, adding $6,453 every year, while hoping to spend $26,190 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: 70/9/21 Blend
29$420,000$420,000$420,000$420,000
30$469,496$447,236$440,726$499,495
31$489,519$441,285$427,625$514,395
32$510,706$434,164$413,206$527,010
33$533,149$425,789$397,400$540,176
34$556,947$416,070$380,129$553,945
35$582,209$404,910$361,317$568,376
36$609,054$392,211$340,881$583,532
37$637,613$377,864$318,735$599,486
38$668,027$361,757$294,791$616,317
39$700,452$343,770$268,953$634,115
40$735,060$323,776$241,125$652,978
41$772,038$301,643$211,204$673,015
42$811,590$277,228$179,084$694,349
43$853,943$250,382$144,653$717,114
44$899,341$220,947$107,795$741,462
45$948,057$188,756$68,389$767,558
46$1,000,386$153,633$26,308$795,588
47$1,056,655$115,391$0$825,757
48$1,117,222$73,833$0$862,460
49$1,182,480$28,752$0$908,345
50$1,252,860$0$0$957,820
51$1,328,836$0$0$1,013,219
52$1,410,930$0$0$1,076,173
53$1,499,713$0$0$1,144,276
54$1,595,816$0$0$1,218,013
55$1,699,931$0$0$1,297,917
56$1,812,817$0$0$1,384,575
57$1,935,311$0$0$1,478,631
58$2,068,334$0$0$1,580,796
59$2,212,897$0$0$1,691,848
60$2,370,114$0$0$1,812,647
61$2,541,210$0$0$1,944,137
62$2,727,531$0$0$2,087,357
63$2,930,561$0$0$2,243,449
64$3,151,933$0$0$2,413,674
65$3,393,441$0$0$2,599,415
66$3,657,064$0$0$2,802,198
67$3,944,978$0$0$3,023,700
68$4,259,577$0$0$3,265,769
69$4,603,501$0$0$3,530,440
70$4,979,652$0$0$3,819,951
71$5,391,228$0$0$4,136,768
72$5,841,750$0$0$4,483,607
73$6,335,095$0$0$4,863,458
74$6,875,532$0$0$5,279,613
75$7,467,763$0$0$5,735,698
76$8,116,965$0$0$6,235,707
77$8,828,842$0$0$6,784,039
78$9,609,674$0$0$7,385,537
79$10,466,381$0$0$8,045,539
80$11,406,582$0$0$8,769,921
81$12,438,671$0$0$9,565,157
82$13,571,896$0$0$10,438,380
83$14,816,440$0$0$11,397,446
84$16,183,524$0$0$12,451,008
85$17,685,508$0$0$13,608,600
86$19,336,010$0$0$14,880,727
87$21,150,031$0$0$16,278,957
88$23,144,096$0$0$17,816,040
89$25,336,414$0$0$19,506,018
90$27,747,045$0$0$21,364,367
91$30,398,089$0$0$23,408,131
92$33,313,896$0$0$25,656,095
93$36,521,295$0$0$28,128,951
94$40,049,843$0$0$30,849,501
95$43,932,110$0$0$33,842,866
96$48,203,979$0$0$37,136,725
97$52,904,989$0$0$40,761,578
98$58,078,704$0$0$44,751,028
99$63,773,127$0$0$49,142,102
100$70,041,148$0$0$53,975,601