Can I retire at age 30 with 423,000?

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 $423,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$34,931$34,620$34,316$34,020$33,731$33,240
2 years$17,293$16,970$16,658$16,356$16,062$15,569
3 years$11,414$11,090$10,779$10,479$10,191$9,710
4 years$8,475$8,153$7,844$7,550$7,268$6,804
5 years$6,712$6,392$6,088$5,799$5,525$5,079
6 years$5,537$5,219$4,920$4,637$4,372$3,944
7 years$4,699$4,383$4,088$3,813$3,555$3,146
8 years$4,070$3,757$3,467$3,198$2,950$2,558
9 years$3,581$3,271$2,986$2,724$2,484$2,111
10 years$3,190$2,884$2,604$2,348$2,116$1,761
11 years$2,871$2,567$2,292$2,044$1,820$1,483
12 years$2,604$2,304$2,034$1,793$1,577$1,257
13 years$2,379$2,082$1,817$1,583$1,375$1,072
14 years$2,187$1,893$1,633$1,405$1,206$918
15 years$2,020$1,729$1,474$1,253$1,062$790
16 years$1,874$1,586$1,337$1,122$938$682
17 years$1,745$1,461$1,216$1,008$832$590
18 years$1,631$1,350$1,110$908$740$512
19 years$1,529$1,251$1,016$821$659$445
20 years$1,438$1,163$933$743$589$387
21 years$1,355$1,083$858$675$527$338
22 years$1,280$1,011$791$613$472$295
23 years$1,211$945$730$559$424$258
24 years$1,148$886$675$510$381$226
25 years$1,091$831$625$465$343$198
26 years$1,037$781$580$425$309$173
27 years$988$735$539$389$279$152
28 years$943$693$501$357$251$133
29 years$900$654$466$327$227$117
30 years$861$617$434$300$205$103
31 years$824$584$405$276$185$90
32 years$790$552$378$253$168$79
33 years$758$523$353$233$152$70
34 years$727$496$329$214$137$61
35 years$699$470$308$197$124$54
36 years$672$446$288$182$113$48
37 years$646$424$270$168$102$42
38 years$622$403$253$154$93$37
39 years$600$383$237$142$84$32
40 years$578$364$222$131$76$29
41 years$558$347$208$121$69$25
42 years$539$330$195$112$63$22
43 years$520$315$183$103$57$19
44 years$503$300$172$95$52$17
45 years$486$286$161$88$47$15
46 years$470$273$152$81$43$13
47 years$455$260$142$75$39$12
48 years$440$249$134$69$35$10
49 years$426$237$126$64$32$9
50 years$413$227$118$59$29$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $423,000, adding $3,194 every year, while hoping to spend $30,726 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: 49/29/22 Blend
29$423,000$423,000$423,000$423,000
30$469,441$447,022$440,465$489,390
31$484,631$436,233$422,528$492,808
32$500,342$423,887$402,961$493,160
33$516,592$409,873$381,676$492,908
34$533,405$394,077$358,582$492,008
35$550,802$376,376$333,585$490,415
36$568,808$356,643$306,584$488,079
37$587,447$334,740$277,476$484,949
38$606,748$310,523$246,152$480,970
39$626,738$283,840$212,500$476,087
40$647,447$254,530$176,400$470,240
41$668,907$222,422$137,730$463,365
42$691,151$187,337$96,360$455,398
43$714,216$149,084$52,155$446,268
44$738,140$107,463$4,976$435,905
45$762,962$62,261$0$424,231
46$788,727$13,254$0$421,818
47$815,480$0$0$419,871
48$843,270$0$0$429,869
49$872,150$0$0$444,661
50$902,176$0$0$460,047
51$933,409$0$0$476,058
52$965,912$0$0$492,728
53$999,755$0$0$510,094
54$1,035,013$0$0$528,195
55$1,071,766$0$0$547,074
56$1,110,100$0$0$566,776
57$1,150,107$0$0$587,351
58$1,191,889$0$0$608,851
59$1,235,554$0$0$631,335
60$1,281,218$0$0$654,864
61$1,329,008$0$0$679,505
62$1,379,063$0$0$705,332
63$1,431,529$0$0$732,424
64$1,486,568$0$0$760,866
65$1,544,356$0$0$790,752
66$1,605,082$0$0$822,183
67$1,668,953$0$0$855,269
68$1,736,193$0$0$890,131
69$1,807,048$0$0$926,899
70$1,881,784$0$0$965,715
71$1,960,690$0$0$1,006,735
72$2,044,085$0$0$1,050,129
73$2,132,313$0$0$1,096,080
74$2,225,752$0$0$1,144,793
75$2,324,814$0$0$1,196,487
76$2,429,949$0$0$1,251,403
77$2,541,650$0$0$1,309,807
78$2,660,456$0$0$1,371,987
79$2,786,956$0$0$1,438,259
80$2,921,796$0$0$1,508,971
81$3,065,683$0$0$1,584,501
82$3,219,390$0$0$1,665,267
83$3,383,768$0$0$1,751,724
84$3,559,746$0$0$1,844,372
85$3,748,345$0$0$1,943,760
86$3,950,684$0$0$2,050,491
87$4,167,993$0$0$2,165,225
88$4,401,618$0$0$2,288,688
89$4,653,041$0$0$2,421,676
90$4,923,887$0$0$2,565,064
91$5,215,940$0$0$2,719,815
92$5,531,161$0$0$2,886,982
93$5,871,706$0$0$3,067,728
94$6,239,942$0$0$3,263,328
95$6,638,472$0$0$3,475,183
96$7,070,157$0$0$3,704,836
97$7,538,142$0$0$3,953,982
98$8,045,887$0$0$4,224,486
99$8,597,195$0$0$4,518,397
100$9,196,252$0$0$4,837,972