Can I retire at age 30 with 407,000?

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 $407,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.1%
1 years$33,610$33,310$33,018$32,733$32,455$31,644
2 years$16,638$16,329$16,028$15,737$15,455$14,643
3 years$10,982$10,671$10,371$10,083$9,805$9,018
4 years$8,155$7,844$7,548$7,264$6,993$6,237
5 years$6,458$6,150$5,857$5,580$5,316$4,592
6 years$5,328$5,022$4,734$4,462$4,206$3,516
7 years$4,521$4,217$3,934$3,668$3,421$2,764
8 years$3,916$3,615$3,336$3,077$2,838$2,214
9 years$3,446$3,148$2,873$2,621$2,390$1,799
10 years$3,069$2,774$2,505$2,260$2,036$1,477
11 years$2,762$2,470$2,205$1,966$1,751$1,223
12 years$2,506$2,217$1,957$1,725$1,518$1,019
13 years$2,289$2,003$1,749$1,523$1,323$854
14 years$2,104$1,821$1,571$1,352$1,160$719
15 years$1,943$1,664$1,419$1,206$1,021$608
16 years$1,803$1,526$1,286$1,079$903$515
17 years$1,679$1,406$1,170$970$800$437
18 years$1,570$1,299$1,068$874$712$372
19 years$1,471$1,204$978$790$634$317
20 years$1,383$1,119$898$715$567$271
21 years$1,304$1,042$826$649$507$232
22 years$1,231$973$761$590$455$198
23 years$1,165$910$703$538$408$170
24 years$1,105$852$650$490$367$146
25 years$1,049$800$602$448$330$125
26 years$998$752$558$409$297$107
27 years$951$707$518$375$268$92
28 years$907$667$482$343$242$79
29 years$866$629$448$315$218$68
30 years$828$594$418$289$197$58
31 years$793$561$389$265$178$50
32 years$760$531$363$244$161$43
33 years$729$503$339$224$146$37
34 years$700$477$317$206$132$32
35 years$672$452$296$190$120$28
36 years$646$429$277$175$108$24
37 years$622$408$259$161$98$20
38 years$599$387$243$149$89$18
39 years$577$368$228$137$81$15
40 years$556$351$213$126$73$13
41 years$537$334$200$117$67$11
42 years$518$318$188$108$60$10
43 years$500$303$176$99$55$8
44 years$484$289$165$92$50$7
45 years$467$275$155$85$45$6
46 years$452$263$146$78$41$5
47 years$438$251$137$72$37$5
48 years$424$239$129$67$34$4
49 years$410$228$121$62$31$3
50 years$397$218$114$57$28$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $407,000, adding $6,912 every year, while hoping to spend $35,176 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: 48/35/17 Blend
29$407,000$407,000$407,000$407,000
30$455,644$434,073$427,764$475,031
31$464,692$417,915$404,667$473,027
32$473,485$399,787$379,618$466,706
33$481,959$379,555$352,513$459,084
34$490,042$357,077$323,246$450,055
35$497,656$332,203$291,704$439,502
36$504,712$304,776$257,771$427,298
37$511,111$274,628$221,325$413,310
38$516,742$241,583$182,237$397,390
39$521,483$205,454$140,376$379,384
40$525,197$166,044$95,601$359,121
41$527,731$123,144$47,767$336,418
42$528,916$76,534$0$311,079
43$528,563$25,983$0$283,487
44$526,464$0$0$262,101
45$522,387$0$0$249,106
46$516,073$0$0$244,910
47$507,239$0$0$239,352
48$495,566$0$0$232,266
49$480,706$0$0$223,464
50$462,270$0$0$212,742
51$439,828$0$0$199,870
52$412,904$0$0$184,596
53$380,973$0$0$166,640
54$343,453$0$0$145,695
55$299,700$0$0$121,418
56$249,002$0$0$93,432
57$190,573$0$0$61,319
58$123,543$0$0$24,620
59$46,953$0$0$0
60$0$0$0$0
61$0$0$0$0
62$0$0$0$0
63$0$0$0$0
64$0$0$0$0
65$0$0$0$0
66$0$0$0$0
67$0$0$0$0
68$0$0$0$0
69$0$0$0$0
70$0$0$0$0
71$0$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$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