Can I retire at age 30 with 427,000?

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 $427,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.2%
1 years$35,261$34,947$34,641$34,342$34,050$33,878
2 years$17,456$17,131$16,816$16,510$16,214$16,041
3 years$11,522$11,195$10,881$10,578$10,287$10,117
4 years$8,555$8,230$7,919$7,621$7,337$7,172
5 years$6,776$6,452$6,145$5,854$5,577$5,418
6 years$5,590$5,269$4,966$4,681$4,413$4,260
7 years$4,743$4,425$4,127$3,849$3,589$3,442
8 years$4,108$3,793$3,500$3,229$2,977$2,836
9 years$3,615$3,302$3,015$2,750$2,507$2,372
10 years$3,220$2,911$2,628$2,371$2,136$2,007
11 years$2,898$2,591$2,314$2,063$1,837$1,713
12 years$2,629$2,326$2,053$1,810$1,592$1,474
13 years$2,402$2,102$1,835$1,598$1,388$1,275
14 years$2,207$1,911$1,648$1,418$1,217$1,109
15 years$2,039$1,745$1,488$1,265$1,072$969
16 years$1,892$1,601$1,349$1,132$947$850
17 years$1,762$1,475$1,228$1,018$840$747
18 years$1,647$1,363$1,121$917$747$659
19 years$1,544$1,263$1,026$829$666$582
20 years$1,451$1,174$942$750$594$516
21 years$1,368$1,093$866$681$532$457
22 years$1,292$1,020$798$619$477$406
23 years$1,222$954$737$564$428$362
24 years$1,159$894$682$514$385$322
25 years$1,101$839$631$470$346$287
26 years$1,047$789$586$430$312$256
27 years$998$742$544$393$281$229
28 years$952$699$505$360$254$205
29 years$909$660$470$330$229$183
30 years$869$623$438$303$207$164
31 years$832$589$408$278$187$147
32 years$797$557$381$256$169$131
33 years$765$528$356$235$153$118
34 years$734$500$332$216$139$106
35 years$705$474$311$199$126$95
36 years$678$450$291$184$114$85
37 years$653$428$272$169$103$76
38 years$628$407$255$156$94$68
39 years$605$387$239$144$85$61
40 years$584$368$224$133$77$55
41 years$563$350$210$122$70$49
42 years$544$333$197$113$63$44
43 years$525$318$185$104$57$40
44 years$507$303$173$96$52$36
45 years$490$289$163$89$47$32
46 years$474$275$153$82$43$29
47 years$459$263$144$76$39$26
48 years$444$251$135$70$35$23
49 years$430$240$127$65$32$21
50 years$417$229$119$60$29$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $427,000, adding $6,228 every year, while hoping to spend $32,251 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: 49/22/29 Blend
29$427,000$427,000$427,000$427,000
30$476,978$454,347$447,729$496,151
31$491,315$442,295$428,413$498,193
32$506,034$428,572$407,369$496,743
33$521,138$413,061$384,505$494,546
34$536,634$395,641$359,725$491,547
35$552,523$376,180$332,929$487,688
36$568,810$354,542$304,011$482,908
37$585,495$330,582$272,863$477,141
38$602,581$304,145$239,368$470,319
39$620,066$275,070$203,409$462,368
40$637,949$243,185$164,860$453,210
41$656,228$208,309$123,591$442,763
42$674,897$170,250$79,465$430,940
43$693,950$128,806$32,340$417,647
44$713,378$83,762$0$402,786
45$733,170$34,894$0$391,807
46$753,312$0$0$390,085
47$773,788$0$0$391,902
48$794,576$0$0$402,311
49$815,654$0$0$412,850
50$836,992$0$0$423,503
51$858,559$0$0$434,252
52$880,315$0$0$445,076
53$902,218$0$0$455,949
54$924,215$0$0$466,843
55$946,251$0$0$477,728
56$968,259$0$0$488,565
57$990,165$0$0$499,314
58$1,011,884$0$0$509,928
59$1,033,321$0$0$520,355
60$1,054,369$0$0$530,535
61$1,074,907$0$0$540,403
62$1,094,799$0$0$549,883
63$1,113,893$0$0$558,893
64$1,132,018$0$0$567,339
65$1,148,984$0$0$575,116
66$1,164,578$0$0$582,109
67$1,178,561$0$0$588,188
68$1,190,670$0$0$593,208
69$1,200,609$0$0$597,008
70$1,208,049$0$0$599,410
71$1,212,625$0$0$600,214
72$1,213,930$0$0$599,199
73$1,211,513$0$0$596,121
74$1,204,873$0$0$590,706
75$1,193,454$0$0$582,653
76$1,176,639$0$0$571,627
77$1,153,745$0$0$557,257
78$1,124,014$0$0$539,132
79$1,086,607$0$0$516,797
80$1,040,594$0$0$489,748
81$984,948$0$0$457,427
82$918,530$0$0$419,218
83$840,080$0$0$374,438
84$748,206$0$0$322,334
85$641,367$0$0$262,070
86$517,861$0$0$192,726
87$375,807$0$0$113,281
88$213,125$0$0$22,612
89$27,517$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