Can I retire at age 30 with 429,000?

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 $429,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17%
1 years$35,426$35,111$34,803$34,502$34,209$33,234
2 years$17,538$17,211$16,895$16,588$16,290$15,315
3 years$11,576$11,248$10,932$10,628$10,335$9,391
4 years$8,595$8,268$7,956$7,657$7,371$6,465
5 years$6,807$6,482$6,174$5,881$5,603$4,738
6 years$5,616$5,293$4,989$4,703$4,434$3,610
7 years$4,765$4,445$4,146$3,867$3,606$2,823
8 years$4,128$3,811$3,516$3,244$2,991$2,250
9 years$3,632$3,318$3,029$2,763$2,519$1,818
10 years$3,235$2,924$2,640$2,382$2,146$1,484
11 years$2,911$2,603$2,325$2,073$1,846$1,222
12 years$2,641$2,337$2,063$1,818$1,600$1,012
13 years$2,413$2,112$1,843$1,605$1,395$843
14 years$2,218$1,919$1,656$1,425$1,223$706
15 years$2,049$1,753$1,495$1,271$1,077$592
16 years$1,901$1,609$1,356$1,138$952$499
17 years$1,770$1,482$1,234$1,022$844$421
18 years$1,654$1,369$1,126$921$750$356
19 years$1,551$1,269$1,031$832$669$301
20 years$1,458$1,179$946$754$597$256
21 years$1,374$1,098$870$684$534$217
22 years$1,298$1,025$802$622$479$184
23 years$1,228$959$741$567$430$157
24 years$1,165$898$685$517$387$134
25 years$1,106$843$634$472$348$114
26 years$1,052$792$588$432$313$97
27 years$1,002$746$546$395$282$83
28 years$956$703$508$362$255$71
29 years$913$663$473$332$230$60
30 years$873$626$440$305$208$51
31 years$836$592$410$280$188$44
32 years$801$560$383$257$170$37
33 years$768$530$358$236$154$32
34 years$738$503$334$218$139$27
35 years$709$477$312$200$126$23
36 years$681$452$292$184$114$20
37 years$656$430$273$170$104$17
38 years$631$408$256$157$94$15
39 years$608$388$240$144$85$12
40 years$587$369$225$133$77$11
41 years$566$352$211$123$70$9
42 years$546$335$198$113$64$8
43 years$527$319$186$105$58$7
44 years$510$304$174$97$52$6
45 years$493$290$164$89$48$5
46 years$477$277$154$82$43$4
47 years$461$264$144$76$39$4
48 years$446$252$136$70$36$3
49 years$432$241$128$65$32$3
50 years$419$230$120$60$29$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $429,000, adding $6,935 every year, while hoping to spend $22,647 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: 81/8/11 Blend
29$429,000$429,000$429,000$429,000
30$479,911$457,174$450,525$517,317
31$504,766$455,480$441,521$541,157
32$531,397$452,943$431,457$563,639
33$559,961$449,499$420,273$587,647
34$590,632$445,079$407,906$613,319
35$623,597$439,609$394,292$640,814
36$659,066$433,011$379,363$670,300
37$697,266$425,204$363,047$701,969
38$738,449$416,101$345,270$736,026
39$782,889$405,608$325,955$772,703
40$830,889$393,628$305,020$812,251
41$882,781$380,058$282,380$854,950
42$938,932$364,787$257,946$901,105
43$999,742$347,701$231,627$951,056
44$1,065,654$328,677$203,325$1,005,175
45$1,137,153$307,584$172,938$1,063,874
46$1,214,773$284,286$140,362$1,127,607
47$1,299,101$258,638$105,486$1,196,872
48$1,390,785$230,486$68,194$1,272,221
49$1,490,534$199,669$28,368$1,354,261
50$1,599,131$166,015$0$1,443,662
51$1,717,436$129,344$0$1,542,821
52$1,846,397$89,465$0$1,654,555
53$1,987,057$46,176$0$1,776,444
54$2,140,562$0$0$1,909,493
55$2,308,176$0$0$2,054,877
56$2,491,288$0$0$2,218,155
57$2,691,430$0$0$2,396,629
58$2,910,286$0$0$2,591,802
59$3,149,712$0$0$2,805,330
60$3,411,751$0$0$3,039,037
61$3,698,652$0$0$3,294,930
62$4,012,892$0$0$3,575,220
63$4,357,199$0$0$3,882,342
64$4,734,578$0$0$4,218,978
65$5,148,337$0$0$4,588,081
66$5,602,121$0$0$4,992,904
67$6,099,943$0$0$5,437,029
68$6,646,226$0$0$5,924,403
69$7,245,837$0$0$6,459,371
70$7,904,143$0$0$7,046,723
71$8,627,051$0$0$7,691,732
72$9,421,072$0$0$8,400,209
73$10,293,376$0$0$9,178,555
74$11,251,863$0$0$10,033,819
75$12,305,234$0$0$10,973,770
76$13,463,079$0$0$12,006,967
77$14,735,959$0$0$13,142,836
78$16,135,512$0$0$14,391,766
79$17,674,559$0$0$15,765,199
80$19,367,225$0$0$17,275,745
81$21,229,073$0$0$18,937,296
82$23,277,252$0$0$20,765,157
83$25,530,653$0$0$22,776,191
84$28,010,093$0$0$24,988,980
85$30,738,509$0$0$27,423,997
86$33,741,171$0$0$30,103,799
87$37,045,927$0$0$33,053,241
88$40,683,456$0$0$36,299,710
89$44,687,568$0$0$39,873,382
90$49,095,512$0$0$43,807,509
91$53,948,336$0$0$48,138,729
92$59,291,268$0$0$52,907,413
93$65,174,145$0$0$58,158,046
94$71,651,884$0$0$63,939,648
95$78,784,996$0$0$70,306,231
96$86,640,161$0$0$77,317,315
97$95,290,855$0$0$85,038,486
98$104,818,041$0$0$93,542,011
99$115,310,937$0$0$102,907,529
100$126,867,855$0$0$113,222,793