Can I retire at age 30 with 430,000?

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 $430,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$35,509$35,193$34,884$34,583$34,289$33,352
2 years$17,579$17,251$16,934$16,626$16,328$15,391
3 years$11,603$11,274$10,957$10,653$10,359$9,451
4 years$8,615$8,288$7,974$7,675$7,388$6,516
5 years$6,823$6,498$6,188$5,895$5,616$4,783
6 years$5,629$5,306$5,001$4,714$4,444$3,650
7 years$4,776$4,456$4,156$3,876$3,614$2,860
8 years$4,137$3,819$3,525$3,251$2,998$2,283
9 years$3,640$3,325$3,036$2,769$2,525$1,848
10 years$3,243$2,931$2,647$2,387$2,151$1,511
11 years$2,918$2,610$2,330$2,078$1,850$1,247
12 years$2,648$2,342$2,068$1,822$1,603$1,035
13 years$2,419$2,117$1,847$1,609$1,398$864
14 years$2,223$1,924$1,660$1,428$1,226$724
15 years$2,053$1,758$1,499$1,274$1,079$609
16 years$1,905$1,613$1,359$1,140$954$514
17 years$1,774$1,485$1,236$1,025$846$435
18 years$1,658$1,372$1,129$923$752$368
19 years$1,555$1,272$1,033$834$670$313
20 years$1,461$1,182$948$756$599$266
21 years$1,377$1,101$872$686$536$226
22 years$1,301$1,028$804$624$480$193
23 years$1,231$961$742$568$431$164
24 years$1,167$900$686$518$387$140
25 years$1,109$845$636$473$349$120
26 years$1,055$794$590$433$314$102
27 years$1,005$747$548$396$283$87
28 years$958$704$509$363$255$75
29 years$915$664$474$333$231$64
30 years$875$627$441$305$208$55
31 years$838$593$411$280$188$47
32 years$803$561$384$258$170$40
33 years$770$532$358$237$154$34
34 years$739$504$335$218$140$29
35 years$710$478$313$201$127$25
36 years$683$454$293$185$115$22
37 years$657$431$274$170$104$18
38 years$633$409$257$157$94$16
39 years$610$389$240$145$85$14
40 years$588$370$225$133$77$12
41 years$567$353$211$123$70$10
42 years$547$336$198$114$64$9
43 years$529$320$186$105$58$7
44 years$511$305$175$97$53$6
45 years$494$291$164$89$48$5
46 years$478$277$154$83$43$5
47 years$462$265$145$76$39$4
48 years$447$253$136$71$36$3
49 years$433$241$128$65$32$3
50 years$420$231$120$60$29$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $430,000, adding $3,135 every year, while hoping to spend $26,454 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: 40/31/29 Blend
29$430,000$430,000$430,000$430,000
30$477,094$454,304$447,639$491,990
31$497,610$448,418$434,488$497,240
32$519,333$441,357$420,010$500,238
33$542,357$433,035$404,132$502,982
34$566,786$423,363$386,779$505,466
35$592,734$412,243$367,872$507,685
36$620,325$399,575$347,327$509,635
37$649,694$385,250$325,059$511,317
38$680,991$369,156$300,977$512,732
39$714,380$351,171$274,987$513,884
40$750,037$331,169$246,989$514,780
41$788,159$309,015$216,882$515,434
42$828,961$284,566$184,557$515,860
43$872,677$257,673$149,902$516,080
44$919,566$228,174$112,800$516,120
45$969,911$195,904$73,127$516,015
46$1,024,022$160,684$30,758$515,805
47$1,082,241$122,326$0$515,540
48$1,144,942$80,632$0$519,752
49$1,212,536$35,393$0$534,484
50$1,285,475$0$0$550,337
51$1,364,256$0$0$572,097
52$1,449,424$0$0$608,717
53$1,541,578$0$0$648,388
54$1,641,378$0$0$691,399
55$1,749,548$0$0$738,068
56$1,866,886$0$0$788,747
57$1,994,266$0$0$843,819
58$2,132,653$0$0$903,710
59$2,283,108$0$0$968,885
60$2,446,796$0$0$1,039,857
61$2,625,000$0$0$1,117,191
62$2,819,134$0$0$1,201,508
63$3,030,750$0$0$1,293,491
64$3,261,559$0$0$1,393,894
65$3,513,443$0$0$1,503,545
66$3,788,474$0$0$1,623,356
67$4,088,933$0$0$1,754,330
68$4,417,331$0$0$1,897,574
69$4,776,433$0$0$2,054,304
70$5,169,282$0$0$2,225,860
71$5,599,229$0$0$2,413,719
72$6,069,966$0$0$2,619,506
73$6,585,555$0$0$2,845,009
74$7,150,473$0$0$3,092,201
75$7,769,648$0$0$3,363,252
76$8,448,509$0$0$3,660,553
77$9,193,033$0$0$3,986,738
78$10,009,806$0$0$4,344,706
79$10,906,082$0$0$4,737,655
80$11,889,849$0$0$5,169,102
81$12,969,907$0$0$5,642,926
82$14,155,951$0$0$6,163,396
83$15,458,659$0$0$6,735,219
84$16,889,796$0$0$7,363,577
85$18,462,322$0$0$8,054,181
86$20,190,512$0$0$8,813,320
87$22,090,096$0$0$9,647,928
88$24,178,403$0$0$10,565,638
89$26,474,523$0$0$11,574,863
90$28,999,491$0$0$12,684,873
91$31,776,478$0$0$13,905,878
92$34,831,018$0$0$15,249,132
93$38,191,241$0$0$16,727,031
94$41,888,142$0$0$18,353,233
95$45,955,871$0$0$20,142,789
96$50,432,055$0$0$22,112,283
97$55,358,154$0$0$24,279,985
98$60,779,848$0$0$26,666,028
99$66,747,473$0$0$29,292,597
100$73,316,490$0$0$32,184,134