Can I retire at age 30 with 420,000?

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 $420,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$34,683$34,374$34,073$33,779$33,491$33,239
2 years$17,170$16,850$16,540$16,240$15,948$15,693
3 years$11,333$11,012$10,703$10,405$10,118$9,869
4 years$8,415$8,095$7,789$7,496$7,216$6,975
5 years$6,665$6,346$6,044$5,758$5,486$5,253
6 years$5,498$5,182$4,885$4,605$4,341$4,117
7 years$4,665$4,352$4,059$3,786$3,530$3,315
8 years$4,041$3,731$3,443$3,176$2,929$2,722
9 years$3,556$3,248$2,965$2,705$2,466$2,269
10 years$3,167$2,863$2,585$2,332$2,101$1,912
11 years$2,850$2,549$2,276$2,029$1,807$1,627
12 years$2,586$2,288$2,020$1,780$1,566$1,394
13 years$2,363$2,067$1,805$1,571$1,366$1,202
14 years$2,171$1,879$1,621$1,395$1,197$1,041
15 years$2,006$1,717$1,464$1,244$1,054$906
16 years$1,861$1,575$1,327$1,114$932$791
17 years$1,733$1,451$1,208$1,001$826$693
18 years$1,620$1,340$1,102$902$734$608
19 years$1,518$1,242$1,009$815$655$535
20 years$1,427$1,154$926$738$585$472
21 years$1,345$1,075$852$670$523$417
22 years$1,270$1,004$785$609$469$369
23 years$1,202$939$725$555$421$327
24 years$1,140$880$671$506$378$290
25 years$1,083$825$621$462$341$257
26 years$1,030$776$576$422$307$228
27 years$981$730$535$387$277$203
28 years$936$688$497$354$250$181
29 years$894$649$463$325$225$161
30 years$855$613$431$298$204$143
31 years$818$579$402$274$184$128
32 years$784$548$375$252$167$114
33 years$752$519$350$231$151$101
34 years$722$492$327$213$136$90
35 years$694$467$306$196$124$81
36 years$667$443$286$181$112$72
37 years$642$421$268$166$101$64
38 years$618$400$251$153$92$57
39 years$596$380$235$141$83$51
40 years$574$362$220$130$76$46
41 years$554$344$206$120$69$41
42 years$535$328$194$111$62$37
43 years$516$312$182$102$57$33
44 years$499$298$171$95$51$29
45 years$482$284$160$87$47$26
46 years$467$271$150$81$42$23
47 years$452$259$141$75$38$21
48 years$437$247$133$69$35$19
49 years$423$236$125$64$32$17
50 years$410$225$117$59$29$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $420,000, adding $4,304 every year, while hoping to spend $34,175 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: 38/49/13 Blend
29$420,000$420,000$420,000$420,000
30$467,280$445,020$438,510$483,040
31$478,580$430,464$416,838$480,118
32$489,888$414,049$393,294$473,330
33$501,168$395,649$367,781$465,247
34$512,379$375,128$340,194$455,769
35$523,477$352,344$310,426$444,790
36$534,411$327,148$278,364$432,197
37$545,122$299,380$243,890$417,867
38$555,546$268,871$206,882$401,671
39$565,610$235,444$167,211$383,469
40$575,233$198,911$124,743$363,113
41$584,323$159,074$79,338$340,444
42$592,778$115,723$30,851$315,292
43$600,485$68,636$0$287,476
44$607,315$17,581$0$259,698
45$613,129$0$0$233,607
46$617,767$0$0$225,042
47$621,055$0$0$225,358
48$622,796$0$0$224,994
49$622,774$0$0$223,857
50$620,749$0$0$221,845
51$616,452$0$0$218,846
52$609,587$0$0$214,733
53$599,825$0$0$209,368
54$586,801$0$0$202,597
55$570,111$0$0$194,250
56$549,308$0$0$184,137
57$523,896$0$0$172,049
58$493,326$0$0$157,757
59$456,992$0$0$141,004
60$414,222$0$0$121,507
61$364,274$0$0$98,954
62$306,327$0$0$73,000
63$239,474$0$0$43,264
64$162,712$0$0$9,322
65$74,933$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