Can I retire at age 30 with 431,000?

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 $431,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.2%
1 years$35,592$35,275$34,965$34,663$34,369$33,771
2 years$17,620$17,291$16,973$16,665$16,366$15,766
3 years$11,630$11,300$10,983$10,677$10,383$9,800
4 years$8,635$8,307$7,993$7,693$7,405$6,843
5 years$6,839$6,513$6,203$5,909$5,629$5,089
6 years$5,642$5,318$5,013$4,725$4,454$3,937
7 years$4,787$4,466$4,166$3,885$3,623$3,128
8 years$4,147$3,828$3,533$3,259$3,005$2,533
9 years$3,649$3,333$3,043$2,776$2,531$2,082
10 years$3,250$2,938$2,653$2,393$2,156$1,730
11 years$2,925$2,616$2,335$2,082$1,855$1,449
12 years$2,654$2,348$2,073$1,827$1,607$1,223
13 years$2,424$2,122$1,852$1,613$1,401$1,038
14 years$2,228$1,928$1,664$1,431$1,229$885
15 years$2,058$1,762$1,502$1,277$1,082$758
16 years$1,909$1,616$1,362$1,143$956$651
17 years$1,779$1,489$1,239$1,027$848$560
18 years$1,662$1,375$1,131$926$754$484
19 years$1,558$1,275$1,036$836$672$418
20 years$1,465$1,185$951$757$600$362
21 years$1,380$1,103$874$687$537$314
22 years$1,304$1,030$806$625$481$273
23 years$1,234$963$744$569$432$237
24 years$1,170$903$688$519$388$207
25 years$1,111$847$637$474$349$180
26 years$1,057$796$591$434$315$157
27 years$1,007$749$549$397$284$137
28 years$961$706$510$364$256$119
29 years$917$666$475$333$231$104
30 years$877$629$442$306$209$91
31 years$840$595$412$281$189$79
32 years$805$563$385$258$171$69
33 years$772$533$359$238$155$61
34 years$741$505$336$219$140$53
35 years$712$479$314$201$127$46
36 years$685$455$294$185$115$41
37 years$659$432$275$171$104$36
38 years$634$410$257$157$94$31
39 years$611$390$241$145$86$27
40 years$589$371$226$134$78$24
41 years$568$353$212$123$70$21
42 years$549$337$199$114$64$18
43 years$530$321$186$105$58$16
44 years$512$306$175$97$53$14
45 years$495$291$164$90$48$12
46 years$479$278$154$83$43$11
47 years$463$265$145$77$39$9
48 years$449$253$136$71$36$8
49 years$434$242$128$65$33$7
50 years$421$231$120$60$30$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $431,000, adding $2,581 every year, while hoping to spend $22,319 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: 60/18/22 Blend
29$431,000$431,000$431,000$431,000
30$477,624$454,781$448,101$503,356
31$502,595$453,318$439,365$519,647
32$529,364$451,036$429,588$534,751
33$558,092$447,870$418,713$550,736
34$588,955$443,752$406,677$567,689
35$622,145$438,612$393,417$585,713
36$657,873$432,374$378,866$604,915
37$696,372$424,956$362,953$625,420
38$737,896$416,274$345,607$647,362
39$782,727$406,237$326,750$670,894
40$831,172$394,749$306,303$696,181
41$883,570$381,709$284,182$723,411
42$940,292$367,011$260,300$752,789
43$1,001,747$350,540$234,566$784,544
44$1,068,386$332,177$206,884$818,928
45$1,140,702$311,795$177,156$856,222
46$1,219,239$289,259$145,277$896,737
47$1,304,597$264,427$111,138$940,817
48$1,397,432$237,150$74,628$988,843
49$1,498,469$207,270$35,627$1,041,237
50$1,608,504$174,618$0$1,098,466
51$1,728,415$139,017$0$1,162,455
52$1,859,166$100,281$0$1,241,384
53$2,001,818$58,212$0$1,327,547
54$2,157,541$12,602$0$1,421,677
55$2,327,621$0$0$1,524,583
56$2,513,475$0$0$1,644,440
57$2,716,661$0$0$1,778,236
58$2,938,897$0$0$1,924,611
59$3,182,073$0$0$2,084,814
60$3,448,271$0$0$2,260,219
61$3,739,781$0$0$2,452,343
62$4,059,129$0$0$2,662,853
63$4,409,094$0$0$2,893,587
64$4,792,738$0$0$3,146,569
65$5,213,431$0$0$3,424,026
66$5,674,888$0$0$3,728,414
67$6,181,198$0$0$4,062,436
68$6,736,868$0$0$4,429,071
69$7,346,859$0$0$4,831,598
70$8,016,639$0$0$5,273,633
71$8,752,229$0$0$5,759,156
72$9,560,262$0$0$6,292,551
73$10,448,047$0$0$6,878,651
74$11,423,635$0$0$7,522,777
75$12,495,893$0$0$8,230,792
76$13,674,594$0$0$9,009,157
77$14,970,502$0$0$9,864,989
78$16,395,478$0$0$10,806,127
79$17,962,587$0$0$11,841,211
80$19,686,227$0$0$12,979,759
81$21,582,259$0$0$14,232,257
82$23,668,160$0$0$15,610,259
83$25,963,184$0$0$17,126,497
84$28,488,549$0$0$18,794,997
85$31,267,630$0$0$20,631,213
86$34,326,184$0$0$22,652,177
87$37,692,593$0$0$24,876,651
88$41,398,127$0$0$27,325,311
89$45,477,243$0$0$30,020,938
90$49,967,910$0$0$32,988,635
91$54,911,962$0$0$36,256,063
92$60,355,498$0$0$39,853,700
93$66,349,314$0$0$43,815,130
94$72,949,383$0$0$48,177,362
95$80,217,380$0$0$52,981,173
96$88,221,268$0$0$58,271,500
97$97,035,937$0$0$64,097,856
98$106,743,909$0$0$70,514,805
99$117,436,120$0$0$77,582,470
100$129,212,772$0$0$85,367,104