Can I retire at age 30 with 428,000?

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 $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%18.7%
1 years$35,344$35,029$34,722$34,422$34,129$32,931
2 years$17,497$17,171$16,855$16,549$16,252$15,058
3 years$11,549$11,221$10,906$10,603$10,311$9,158
4 years$8,575$8,249$7,937$7,639$7,354$6,251
5 years$6,792$6,467$6,160$5,867$5,590$4,540
6 years$5,603$5,281$4,978$4,692$4,423$3,427
7 years$4,754$4,435$4,137$3,858$3,597$2,654
8 years$4,118$3,802$3,508$3,236$2,984$2,094
9 years$3,623$3,310$3,022$2,757$2,513$1,674
10 years$3,228$2,918$2,634$2,376$2,141$1,353
11 years$2,904$2,597$2,319$2,068$1,842$1,101
12 years$2,635$2,331$2,058$1,814$1,596$902
13 years$2,408$2,107$1,839$1,601$1,392$743
14 years$2,213$1,915$1,652$1,422$1,220$614
15 years$2,044$1,749$1,492$1,268$1,074$510
16 years$1,896$1,605$1,352$1,135$949$424
17 years$1,766$1,478$1,231$1,020$842$353
18 years$1,651$1,366$1,123$919$748$295
19 years$1,547$1,266$1,028$831$667$247
20 years$1,455$1,176$944$752$596$206
21 years$1,371$1,096$868$683$533$173
22 years$1,295$1,023$800$621$478$145
23 years$1,225$957$739$565$429$122
24 years$1,162$896$683$516$386$102
25 years$1,103$841$633$471$347$86
26 years$1,050$791$587$431$313$72
27 years$1,000$744$545$394$282$61
28 years$954$701$507$361$254$51
29 years$911$661$472$331$230$43
30 years$871$625$439$304$207$36
31 years$834$590$409$279$188$30
32 years$799$559$382$256$170$26
33 years$766$529$357$236$154$22
34 years$736$501$333$217$139$18
35 years$707$476$312$200$126$15
36 years$680$451$291$184$114$13
37 years$654$429$273$170$103$11
38 years$630$407$255$156$94$9
39 years$607$387$239$144$85$8
40 years$585$369$224$133$77$6
41 years$565$351$210$123$70$5
42 years$545$334$197$113$63$5
43 years$526$318$185$104$58$4
44 years$509$304$174$96$52$3
45 years$492$289$163$89$47$3
46 years$475$276$153$82$43$2
47 years$460$263$144$76$39$2
48 years$445$252$135$70$36$2
49 years$431$240$127$65$32$1
50 years$418$229$120$60$29$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $428,000, adding $5,989 every year, while hoping to spend $25,522 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: 85/7/8 Blend
29$428,000$428,000$428,000$428,000
30$477,834$455,150$448,516$517,518
31$499,417$450,297$436,386$539,470
32$522,347$444,351$422,994$559,484
33$546,734$437,231$408,271$580,669
34$572,698$428,852$392,145$603,125
35$600,371$419,124$374,540$626,964
36$629,899$407,951$355,377$652,308
37$661,439$395,231$334,573$679,290
38$695,167$380,858$312,042$708,060
39$731,271$364,718$287,693$738,780
40$769,963$346,691$261,433$771,628
41$811,470$326,649$233,161$806,804
42$856,044$304,460$202,776$844,523
43$903,961$279,979$170,171$885,026
44$955,525$253,058$135,231$928,575
45$1,011,069$223,538$97,841$975,463
46$1,070,957$191,251$57,879$1,026,008
47$1,135,592$156,019$15,215$1,080,563
48$1,205,415$117,657$0$1,139,518
49$1,280,910$75,965$0$1,205,888
50$1,362,611$30,735$0$1,279,111
51$1,451,104$0$0$1,358,420
52$1,547,032$0$0$1,445,808
53$1,651,105$0$0$1,543,189
54$1,764,100$0$0$1,648,925
55$1,886,875$0$0$1,763,818
56$2,020,373$0$0$1,888,751
57$2,165,630$0$0$2,024,696
58$2,323,787$0$0$2,172,720
59$2,496,101$0$0$2,334,001
60$2,683,952$0$0$2,509,832
61$2,888,860$0$0$2,701,637
62$3,112,501$0$0$2,910,984
63$3,356,716$0$0$3,139,598
64$3,623,533$0$0$3,389,380
65$3,915,185$0$0$3,662,420
66$4,234,130$0$0$3,961,020
67$4,583,075$0$0$4,287,716
68$4,965,000$0$0$4,645,300
69$5,383,186$0$0$5,036,844
70$5,841,247$0$0$5,465,735
71$6,343,164$0$0$5,935,698
72$6,893,318$0$0$6,450,841
73$7,496,538$0$0$7,015,683
74$8,158,139$0$0$7,635,206
75$8,883,977$0$0$8,314,893
76$9,680,503$0$0$9,060,787
77$10,554,821$0$0$9,879,542
78$11,514,757$0$0$10,778,488
79$12,568,931$0$0$11,765,701
80$13,726,841$0$0$12,850,075
81$14,998,948$0$0$14,041,410
82$16,396,777$0$0$15,350,501
83$17,933,024$0$0$16,789,241
84$19,621,678$0$0$18,370,731
85$21,478,148$0$0$20,109,406
86$23,519,412$0$0$22,021,169
87$25,764,176$0$0$24,123,541
88$28,233,047$0$0$26,435,826
89$30,948,733$0$0$28,979,292
90$33,936,251$0$0$31,777,372
91$37,223,163$0$0$34,855,886
92$40,839,841$0$0$38,243,280
93$44,819,748$0$0$41,970,899
94$49,199,754$0$0$46,073,280
95$54,020,484$0$0$50,588,477
96$59,326,704$0$0$55,558,418
97$65,167,736$0$0$61,029,306
98$71,597,929$0$0$67,052,049
99$78,677,168$0$0$73,682,740
100$86,471,443$0$0$80,983,191