Can I retire at age 30 with 428,000?

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 $428,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.8%
1 years$35,344$35,029$34,722$34,422$34,129$33,318
2 years$17,497$17,171$16,855$16,549$16,252$15,439
3 years$11,549$11,221$10,906$10,603$10,311$9,522
4 years$8,575$8,249$7,937$7,639$7,354$6,595
5 years$6,792$6,467$6,160$5,867$5,590$4,864
6 years$5,603$5,281$4,978$4,692$4,423$3,730
7 years$4,754$4,435$4,137$3,858$3,597$2,937
8 years$4,118$3,802$3,508$3,236$2,984$2,357
9 years$3,623$3,310$3,022$2,757$2,513$1,918
10 years$3,228$2,918$2,634$2,376$2,141$1,578
11 years$2,904$2,597$2,319$2,068$1,842$1,309
12 years$2,635$2,331$2,058$1,814$1,596$1,093
13 years$2,408$2,107$1,839$1,601$1,392$918
14 years$2,213$1,915$1,652$1,422$1,220$775
15 years$2,044$1,749$1,492$1,268$1,074$656
16 years$1,896$1,605$1,352$1,135$949$557
17 years$1,766$1,478$1,231$1,020$842$474
18 years$1,651$1,366$1,123$919$748$404
19 years$1,547$1,266$1,028$831$667$346
20 years$1,455$1,176$944$752$596$296
21 years$1,371$1,096$868$683$533$253
22 years$1,295$1,023$800$621$478$217
23 years$1,225$957$739$565$429$187
24 years$1,162$896$683$516$386$160
25 years$1,103$841$633$471$347$138
26 years$1,050$791$587$431$313$119
27 years$1,000$744$545$394$282$102
28 years$954$701$507$361$254$88
29 years$911$661$472$331$230$76
30 years$871$625$439$304$207$65
31 years$834$590$409$279$188$56
32 years$799$559$382$256$170$49
33 years$766$529$357$236$154$42
34 years$736$501$333$217$139$36
35 years$707$476$312$200$126$31
36 years$680$451$291$184$114$27
37 years$654$429$273$170$103$23
38 years$630$407$255$156$94$20
39 years$607$387$239$144$85$17
40 years$585$369$224$133$77$15
41 years$565$351$210$123$70$13
42 years$545$334$197$113$63$11
43 years$526$318$185$104$58$10
44 years$509$304$174$96$52$8
45 years$492$289$163$89$47$7
46 years$475$276$153$82$43$6
47 years$460$263$144$76$39$5
48 years$445$252$135$70$36$5
49 years$431$240$127$65$32$4
50 years$418$229$120$60$29$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $428,000, adding $5,754 every year, while hoping to spend $25,033 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: 52/32/16 Blend
29$428,000$428,000$428,000$428,000
30$477,591$454,907$448,273$500,069
31$499,671$450,563$436,655$511,755
32$523,163$445,166$423,810$521,343
33$548,186$438,640$409,668$531,218
34$574,869$430,902$394,160$541,412
35$603,353$421,863$377,211$551,966
36$633,793$411,432$358,745$562,924
37$666,357$399,509$338,681$574,337
38$701,232$385,992$316,933$586,264
39$738,623$370,770$293,415$598,769
40$778,752$353,728$268,034$611,926
41$821,864$334,740$240,693$625,818
42$868,231$313,679$211,293$640,541
43$918,146$290,405$179,727$656,200
44$971,936$264,774$145,887$672,914
45$1,029,956$236,631$109,657$690,817
46$1,092,600$205,813$70,918$710,060
47$1,160,297$172,150$29,546$730,810
48$1,233,521$135,459$0$753,258
49$1,312,793$95,549$0$780,108
50$1,398,684$52,217$0$814,647
51$1,491,823$5,250$0$852,116
52$1,592,903$0$0$892,834
53$1,702,683$0$0$953,207
54$1,822,001$0$0$1,020,872
55$1,951,778$0$0$1,094,508
56$2,093,025$0$0$1,174,694
57$2,246,858$0$0$1,262,069
58$2,414,503$0$0$1,357,334
59$2,597,309$0$0$1,461,261
60$2,796,762$0$0$1,574,702
61$3,014,497$0$0$1,698,592
62$3,252,313$0$0$1,833,962
63$3,512,192$0$0$1,981,947
64$3,796,316$0$0$2,143,795
65$4,107,085$0$0$2,320,881
66$4,447,145$0$0$2,514,720
67$4,819,406$0$0$2,726,980
68$5,227,076$0$0$2,959,497
69$5,673,684$0$0$3,214,293
70$6,163,121$0$0$3,493,596
71$6,699,667$0$0$3,799,858
72$7,288,041$0$0$4,135,781
73$7,933,436$0$0$4,504,341
74$8,641,575$0$0$4,908,815
75$9,418,761$0$0$5,352,814
76$10,271,935$0$0$5,840,315
77$11,208,746$0$0$6,375,698
78$12,237,617$0$0$6,963,791
79$13,367,829$0$0$7,609,908
80$14,609,604$0$0$8,319,908
81$15,974,206$0$0$9,100,242
82$17,474,041$0$0$9,958,019
83$19,122,780$0$0$10,901,070
84$20,935,481$0$0$11,938,023
85$22,928,736$0$0$13,078,384
86$25,120,824$0$0$14,332,627
87$27,531,887$0$0$15,712,290
88$30,184,113$0$0$17,230,087
89$33,101,952$0$0$18,900,027
90$36,312,340$0$0$20,737,543
91$39,844,959$0$0$22,759,643
92$43,732,510$0$0$24,985,062
93$48,011,028$0$0$27,434,448
94$52,720,216$0$0$30,130,551
95$57,903,821$0$0$33,098,436
96$63,610,047$0$0$36,365,725
97$69,892,009$0$0$39,962,851
98$76,808,234$0$0$43,923,350
99$84,423,212$0$0$48,284,176
100$92,808,004$0$0$53,086,046