Can I retire at age 30 with 428,000?

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 $428,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$35,344$35,029$34,722$34,422$34,129$33,773
2 years$17,497$17,171$16,855$16,549$16,252$15,893
3 years$11,549$11,221$10,906$10,603$10,311$9,961
4 years$8,575$8,249$7,937$7,639$7,354$7,015
5 years$6,792$6,467$6,160$5,867$5,590$5,264
6 years$5,603$5,281$4,978$4,692$4,423$4,109
7 years$4,754$4,435$4,137$3,858$3,597$3,296
8 years$4,118$3,802$3,508$3,236$2,984$2,696
9 years$3,623$3,310$3,022$2,757$2,513$2,238
10 years$3,228$2,918$2,634$2,376$2,141$1,879
11 years$2,904$2,597$2,319$2,068$1,842$1,591
12 years$2,635$2,331$2,058$1,814$1,596$1,357
13 years$2,408$2,107$1,839$1,601$1,392$1,165
14 years$2,213$1,915$1,652$1,422$1,220$1,005
15 years$2,044$1,749$1,492$1,268$1,074$870
16 years$1,896$1,605$1,352$1,135$949$756
17 years$1,766$1,478$1,231$1,020$842$659
18 years$1,651$1,366$1,123$919$748$576
19 years$1,547$1,266$1,028$831$667$504
20 years$1,455$1,176$944$752$596$442
21 years$1,371$1,096$868$683$533$389
22 years$1,295$1,023$800$621$478$342
23 years$1,225$957$739$565$429$301
24 years$1,162$896$683$516$386$266
25 years$1,103$841$633$471$347$235
26 years$1,050$791$587$431$313$207
27 years$1,000$744$545$394$282$183
28 years$954$701$507$361$254$162
29 years$911$661$472$331$230$143
30 years$871$625$439$304$207$127
31 years$834$590$409$279$188$113
32 years$799$559$382$256$170$100
33 years$766$529$357$236$154$88
34 years$736$501$333$217$139$78
35 years$707$476$312$200$126$70
36 years$680$451$291$184$114$62
37 years$654$429$273$170$103$55
38 years$630$407$255$156$94$49
39 years$607$387$239$144$85$43
40 years$585$369$224$133$77$38
41 years$565$351$210$123$70$34
42 years$545$334$197$113$63$30
43 years$526$318$185$104$58$27
44 years$509$304$174$96$52$24
45 years$492$289$163$89$47$21
46 years$475$276$153$82$43$19
47 years$460$263$144$76$39$17
48 years$445$252$135$70$36$15
49 years$431$240$127$65$32$13
50 years$418$229$120$60$29$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $428,000, adding $3,138 every year, while hoping to spend $25,593 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: 63/30/7 Blend
29$428,000$428,000$428,000$428,000
30$474,893$452,209$445,575$503,981
31$496,101$447,136$433,271$518,696
32$518,615$440,957$419,697$531,470
33$542,540$433,591$404,783$544,755
34$567,994$424,951$388,458$558,600
35$595,101$414,946$370,644$573,059
36$624,003$403,480$351,262$588,193
37$654,852$390,451$330,229$604,069
38$687,813$375,749$307,458$620,763
39$723,071$359,262$282,859$638,360
40$760,826$340,868$256,337$656,954
41$801,298$320,438$227,792$676,650
42$844,728$297,837$197,121$697,565
43$891,382$272,923$164,216$719,832
44$941,550$245,543$128,964$743,596
45$995,552$215,538$91,247$769,020
46$1,053,737$182,738$50,943$796,286
47$1,116,491$146,966$7,923$825,595
48$1,184,238$108,032$0$857,172
49$1,257,441$65,736$0$894,105
50$1,336,612$19,869$0$934,649
51$1,422,312$0$0$978,533
52$1,515,159$0$0$1,035,946
53$1,615,831$0$0$1,105,335
54$1,725,074$0$0$1,180,659
55$1,843,710$0$0$1,262,488
56$1,972,640$0$0$1,351,448
57$2,112,859$0$0$1,448,227
58$2,265,460$0$0$1,553,584
59$2,431,644$0$0$1,668,353
60$2,612,734$0$0$1,793,451
61$2,810,187$0$0$1,929,891
62$3,025,606$0$0$2,078,782
63$3,260,754$0$0$2,241,350
64$3,517,572$0$0$2,418,941
65$3,798,199$0$0$2,613,040
66$4,104,988$0$0$2,825,278
67$4,440,530$0$0$3,057,455
68$4,807,677$0$0$3,311,549
69$5,209,571$0$0$3,589,742
70$5,649,670$0$0$3,894,433
71$6,131,785$0$0$4,228,267
72$6,660,109$0$0$4,594,155
73$7,239,263$0$0$4,995,303
74$7,874,336$0$0$5,435,244
75$8,570,931$0$0$5,917,866
76$9,335,221$0$0$6,447,456
77$10,174,005$0$0$7,028,731
78$11,094,773$0$0$7,666,892
79$12,105,774$0$0$8,367,663
80$13,216,097$0$0$9,137,353
81$14,435,752$0$0$9,982,912
82$15,775,767$0$0$10,911,995
83$17,248,293$0$0$11,933,035
84$18,866,713$0$0$13,055,324
85$20,645,773$0$0$14,289,097
86$22,601,719$0$0$15,645,632
87$24,752,449$0$0$17,137,354
88$27,117,683$0$0$18,777,952
89$29,719,145$0$0$20,582,507
90$32,580,773$0$0$22,567,636
91$35,728,941$0$0$24,751,649
92$39,192,708$0$0$27,154,717
93$43,004,090$0$0$29,799,068
94$47,198,366$0$0$32,709,192
95$51,814,405$0$0$35,912,073
96$56,895,037$0$0$39,437,444
97$62,487,454$0$0$43,318,067
98$68,643,655$0$0$47,590,040
99$75,420,937$0$0$52,293,140
100$82,882,433$0$0$57,471,198