Can I retire at age 30 with 418,000?

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 $418,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.8%
1 years$34,518$34,211$33,911$33,618$33,332$32,149
2 years$17,088$16,770$16,461$16,162$15,872$14,693
3 years$11,279$10,959$10,652$10,355$10,070$8,932
4 years$8,375$8,056$7,752$7,460$7,182$6,093
5 years$6,633$6,316$6,016$5,730$5,460$4,423
6 years$5,472$5,158$4,862$4,583$4,320$3,337
7 years$4,643$4,331$4,040$3,768$3,513$2,583
8 years$4,022$3,713$3,426$3,161$2,915$2,037
9 years$3,539$3,233$2,951$2,692$2,455$1,628
10 years$3,152$2,849$2,573$2,321$2,091$1,314
11 years$2,837$2,537$2,265$2,020$1,799$1,069
12 years$2,574$2,277$2,010$1,771$1,559$876
13 years$2,351$2,058$1,796$1,564$1,359$720
14 years$2,161$1,870$1,614$1,388$1,191$595
15 years$1,996$1,709$1,457$1,238$1,049$493
16 years$1,852$1,568$1,321$1,109$927$410
17 years$1,725$1,444$1,202$996$822$341
18 years$1,612$1,334$1,097$898$731$285
19 years$1,511$1,236$1,004$811$652$238
20 years$1,421$1,149$922$735$582$199
21 years$1,339$1,070$848$667$521$167
22 years$1,264$999$781$606$467$140
23 years$1,197$934$722$552$419$117
24 years$1,135$875$667$504$377$98
25 years$1,078$821$618$460$339$83
26 years$1,025$772$573$420$305$69
27 years$977$727$532$385$275$58
28 years$932$685$495$353$248$49
29 years$890$646$460$323$224$41
30 years$851$610$429$297$203$35
31 years$814$577$400$273$183$29
32 years$780$546$373$250$166$24
33 years$749$517$348$230$150$21
34 years$719$490$325$212$136$17
35 years$690$464$304$195$123$15
36 years$664$441$285$180$111$12
37 years$639$419$266$166$101$10
38 years$615$398$250$153$92$9
39 years$593$378$234$141$83$7
40 years$571$360$219$130$75$6
41 years$551$343$205$120$68$5
42 years$532$326$193$110$62$4
43 years$514$311$181$102$56$4
44 years$497$296$170$94$51$3
45 years$480$283$159$87$46$3
46 years$464$270$150$80$42$2
47 years$449$257$141$74$38$2
48 years$435$246$132$69$35$2
49 years$421$235$124$63$32$1
50 years$408$224$117$59$29$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $418,000, adding $5,825 every year, while hoping to spend $28,783 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: 36/42/22 Blend
29$418,000$418,000$418,000$418,000
30$466,644$444,490$438,011$480,163
31$483,617$435,646$422,060$481,742
32$501,357$425,403$404,609$480,361
33$519,910$413,663$385,579$478,287
34$539,330$400,321$364,885$475,474
35$559,672$385,267$342,439$471,877
36$580,997$368,383$318,149$467,446
37$603,370$349,546$291,918$462,131
38$626,863$328,623$263,647$455,880
39$651,555$305,477$233,230$448,639
40$677,528$279,960$200,558$440,353
41$704,875$251,917$165,516$430,962
42$733,696$221,185$127,985$420,407
43$764,100$187,590$87,840$408,628
44$796,206$150,949$44,950$395,560
45$830,142$111,069$0$381,140
46$866,051$67,746$0$365,493
47$904,087$20,764$0$359,634
48$944,418$0$0$352,964
49$987,228$0$0$359,365
50$1,032,719$0$0$376,395
51$1,081,110$0$0$394,544
52$1,132,644$0$0$413,907
53$1,187,585$0$0$434,586
54$1,246,220$0$0$456,697
55$1,308,868$0$0$480,363
56$1,375,875$0$0$505,720
57$1,447,622$0$0$532,920
58$1,524,527$0$0$562,126
59$1,607,047$0$0$593,519
60$1,695,685$0$0$627,297
61$1,790,993$0$0$663,677
62$1,893,577$0$0$702,898
63$2,004,101$0$0$745,223
64$2,123,295$0$0$790,940
65$2,251,963$0$0$840,366
66$2,390,987$0$0$893,849
67$2,541,334$0$0$951,771
68$2,704,070$0$0$1,014,554
69$2,880,366$0$0$1,082,661
70$3,071,510$0$0$1,156,601
71$3,278,917$0$0$1,236,932
72$3,504,144$0$0$1,324,272
73$3,748,903$0$0$1,419,297
74$4,015,079$0$0$1,522,754
75$4,304,744$0$0$1,635,461
76$4,620,179$0$0$1,758,323
77$4,963,894$0$0$1,892,331
78$5,338,650$0$0$2,038,581
79$5,747,486$0$0$2,198,274
80$6,193,750$0$0$2,372,737
81$6,681,122$0$0$2,563,427
82$7,213,659$0$0$2,771,951
83$7,795,823$0$0$3,000,077
84$8,432,528$0$0$3,249,751
85$9,129,185$0$0$3,523,118
86$9,891,752$0$0$3,822,537
87$10,726,790$0$0$4,150,609
88$11,641,523$0$0$4,510,197
89$12,643,908$0$0$4,904,454
90$13,742,707$0$0$5,336,853
91$14,947,571$0$0$5,811,219
92$16,269,129$0$0$6,331,766
93$17,719,089$0$0$6,903,135
94$19,310,345$0$0$7,530,437
95$21,057,103$0$0$8,219,304
96$22,975,008$0$0$8,975,940
97$25,081,298$0$0$9,807,178
98$27,394,958$0$0$10,720,546
99$29,936,906$0$0$11,724,339
100$32,730,184$0$0$12,827,693