Can I retire at age 30 with 379,000?

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 $379,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.4%
1 years$31,297$31,019$30,747$30,481$30,222$29,080
2 years$15,494$15,205$14,926$14,654$14,391$13,254
3 years$10,227$9,937$9,658$9,389$9,131$8,034
4 years$7,594$7,305$7,028$6,764$6,512$5,464
5 years$6,014$5,727$5,454$5,196$4,950$3,954
6 years$4,961$4,676$4,408$4,155$3,917$2,973
7 years$4,210$3,927$3,663$3,416$3,186$2,294
8 years$3,646$3,366$3,107$2,866$2,643$1,802
9 years$3,208$2,931$2,676$2,441$2,226$1,435
10 years$2,858$2,584$2,333$2,104$1,896$1,154
11 years$2,572$2,300$2,054$1,831$1,631$935
12 years$2,334$2,064$1,823$1,606$1,413$763
13 years$2,132$1,866$1,628$1,418$1,232$625
14 years$1,959$1,696$1,463$1,259$1,080$514
15 years$1,810$1,549$1,321$1,123$951$424
16 years$1,679$1,421$1,198$1,005$841$351
17 years$1,564$1,309$1,090$903$745$291
18 years$1,462$1,210$995$814$663$242
19 years$1,370$1,121$911$735$591$201
20 years$1,288$1,042$836$666$528$168
21 years$1,214$970$769$605$472$140
22 years$1,146$906$709$550$423$116
23 years$1,085$847$654$501$380$97
24 years$1,029$794$605$457$342$81
25 years$977$745$560$417$307$68
26 years$930$700$520$381$277$57
27 years$886$659$483$349$250$47
28 years$845$621$449$320$225$40
29 years$807$586$418$293$203$33
30 years$771$553$389$269$184$28
31 years$739$523$363$247$166$23
32 years$708$495$338$227$150$19
33 years$679$468$316$209$136$16
34 years$652$444$295$192$123$14
35 years$626$421$276$177$112$11
36 years$602$400$258$163$101$10
37 years$579$380$242$150$92$8
38 years$558$361$226$138$83$7
39 years$537$343$212$128$75$6
40 years$518$326$199$118$68$5
41 years$500$311$186$109$62$4
42 years$483$296$175$100$56$3
43 years$466$282$164$92$51$3
44 years$450$269$154$85$46$2
45 years$435$256$145$79$42$2
46 years$421$244$136$73$38$2
47 years$407$233$128$67$35$1
48 years$394$223$120$62$31$1
49 years$382$213$113$57$29$1
50 years$370$203$106$53$26$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $379,000, adding $3,838 every year, while hoping to spend $27,518 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: 78/6/16 Blend
29$379,000$379,000$379,000$379,000
30$421,617$401,530$395,655$452,755
31$435,343$391,926$379,631$464,219
32$449,547$380,929$362,147$472,926
33$464,248$368,442$343,127$481,715
34$479,467$354,362$322,488$490,584
35$495,227$338,579$300,145$499,532
36$511,550$320,980$276,009$508,555
37$528,461$301,440$249,989$517,653
38$545,986$279,833$221,985$526,824
39$564,152$256,021$191,898$536,066
40$582,990$229,860$159,620$545,377
41$602,529$201,198$125,042$554,758
42$622,804$169,873$88,048$564,208
43$643,850$135,717$48,518$573,725
44$665,705$98,549$6,325$583,311
45$688,408$58,179$0$592,968
46$712,003$14,408$0$609,303
47$736,537$0$0$627,295
48$762,058$0$0$648,068
49$788,619$0$0$670,679
50$816,278$0$0$694,228
51$845,096$0$0$718,765
52$875,138$0$0$744,347
53$906,475$0$0$771,035
54$939,184$0$0$798,894
55$973,348$0$0$827,995
56$1,009,054$0$0$858,414
57$1,046,400$0$0$890,234
58$1,085,490$0$0$923,544
59$1,126,436$0$0$958,440
60$1,169,360$0$0$995,027
61$1,214,396$0$0$1,033,420
62$1,261,687$0$0$1,073,741
63$1,311,389$0$0$1,116,124
64$1,363,673$0$0$1,160,716
65$1,418,723$0$0$1,207,674
66$1,476,741$0$0$1,257,172
67$1,537,945$0$0$1,309,398
68$1,602,576$0$0$1,364,556
69$1,670,894$0$0$1,422,872
70$1,743,183$0$0$1,484,587
71$1,819,754$0$0$1,549,971
72$1,900,947$0$0$1,619,313
73$1,987,132$0$0$1,692,932
74$2,078,714$0$0$1,771,176
75$2,176,139$0$0$1,854,427
76$2,279,890$0$0$1,943,101
77$2,390,501$0$0$2,037,654
78$2,508,553$0$0$2,138,587
79$2,634,684$0$0$2,246,448
80$2,769,593$0$0$2,361,837
81$2,914,048$0$0$2,485,412
82$3,068,889$0$0$2,617,896
83$3,235,038$0$0$2,760,081
84$3,413,507$0$0$2,912,837
85$3,605,408$0$0$3,077,117
86$3,811,961$0$0$3,253,970
87$4,034,504$0$0$3,444,546
88$4,274,508$0$0$3,650,109
89$4,533,591$0$0$3,872,047
90$4,813,527$0$0$4,111,886
91$5,116,267$0$0$4,371,303
92$5,443,958$0$0$4,652,140
93$5,798,957$0$0$4,956,424
94$6,183,857$0$0$5,286,382
95$6,601,510$0$0$5,644,466
96$7,055,049$0$0$6,033,368
97$7,547,926$0$0$6,456,052
98$8,083,934$0$0$6,915,780
99$8,667,248$0$0$7,416,139
100$9,302,460$0$0$7,961,075