Can I retire at age 30 with 385,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $385,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$31,793$31,510$31,233$30,964$30,700$29,742
2 years$15,739$15,446$15,162$14,886$14,619$13,662
3 years$10,388$10,094$9,811$9,538$9,275$8,349
4 years$7,714$7,420$7,140$6,872$6,615$5,727
5 years$6,109$5,818$5,541$5,278$5,029$4,182
6 years$5,040$4,750$4,478$4,221$3,979$3,174
7 years$4,277$3,989$3,721$3,470$3,236$2,472
8 years$3,704$3,420$3,156$2,911$2,685$1,962
9 years$3,259$2,977$2,718$2,480$2,261$1,578
10 years$2,904$2,624$2,370$2,137$1,926$1,283
11 years$2,613$2,336$2,086$1,860$1,657$1,052
12 years$2,370$2,097$1,851$1,632$1,436$867
13 years$2,166$1,895$1,654$1,440$1,252$719
14 years$1,990$1,723$1,486$1,279$1,097$599
15 years$1,838$1,574$1,342$1,140$966$500
16 years$1,706$1,444$1,217$1,021$854$419
17 years$1,589$1,330$1,107$917$757$352
18 years$1,485$1,229$1,011$827$673$296
19 years$1,392$1,139$925$747$600$249
20 years$1,308$1,058$849$677$536$210
21 years$1,233$986$781$614$480$178
22 years$1,165$920$720$558$430$150
23 years$1,102$861$665$508$386$127
24 years$1,045$806$615$464$347$108
25 years$993$757$569$424$312$91
26 years$944$711$528$387$281$77
27 years$900$669$490$354$254$65
28 years$858$631$456$325$229$55
29 years$820$595$424$298$207$47
30 years$784$562$395$273$187$40
31 years$750$531$368$251$169$34
32 years$719$503$344$231$153$29
33 years$689$476$321$212$138$24
34 years$662$451$300$195$125$21
35 years$636$428$280$180$113$18
36 years$611$406$262$165$103$15
37 years$588$386$245$152$93$13
38 years$567$367$230$141$84$11
39 years$546$349$215$130$76$9
40 years$526$332$202$120$69$8
41 years$508$316$189$110$63$7
42 years$490$301$178$102$57$6
43 years$473$286$167$94$52$5
44 years$457$273$156$87$47$4
45 years$442$260$147$80$43$3
46 years$428$248$138$74$39$3
47 years$414$237$130$68$35$2
48 years$401$226$122$63$32$2
49 years$388$216$114$58$29$2
50 years$376$206$108$54$26$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $385,000, adding $6,263 every year, while hoping to spend $23,424 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: 60/18/22 Blend
29$385,000$385,000$385,000$385,000
30$430,730$410,325$404,358$453,715
31$449,742$405,508$392,981$465,218
32$469,907$399,670$380,438$474,658
33$491,320$392,736$366,664$484,438
34$514,082$384,627$351,595$494,595
35$538,303$375,259$335,158$505,171
36$564,107$364,543$317,283$516,213
37$591,625$352,386$297,891$527,775
38$621,005$338,686$276,905$539,916
39$652,406$323,341$254,240$552,703
40$686,004$306,237$229,809$566,211
41$721,991$287,257$203,522$580,526
42$760,578$266,277$175,284$595,740
43$801,997$243,164$144,996$611,961
44$846,502$217,780$112,554$629,306
45$894,371$189,977$77,851$647,908
46$945,911$159,600$40,773$667,914
47$1,001,457$126,484$1,203$689,488
48$1,061,380$90,456$0$712,814
49$1,126,085$51,333$0$747,728
50$1,196,018$8,921$0$785,753
51$1,271,669$0$0$826,894
52$1,353,577$0$0$878,789
53$1,442,333$0$0$936,965
54$1,538,589$0$0$1,000,083
55$1,643,061$0$0$1,068,617
56$1,756,537$0$0$1,143,087
57$1,879,882$0$0$1,224,066
58$2,014,051$0$0$1,312,182
59$2,160,091$0$0$1,408,129
60$2,319,155$0$0$1,512,669
61$2,492,515$0$0$1,626,641
62$2,681,567$0$0$1,750,968
63$2,887,849$0$0$1,886,665
64$3,113,053$0$0$2,034,853
65$3,359,044$0$0$2,196,762
66$3,627,872$0$0$2,373,748
67$3,921,797$0$0$2,567,303
68$4,243,303$0$0$2,779,071
69$4,595,130$0$0$3,010,861
70$4,980,293$0$0$3,264,666
71$5,402,110$0$0$3,542,680
72$5,864,238$0$0$3,847,320
73$6,370,704$0$0$4,181,246
74$6,925,941$0$0$4,547,390
75$7,534,832$0$0$4,948,980
76$8,202,758$0$0$5,389,571
77$8,935,643$0$0$5,873,081
78$9,740,012$0$0$6,403,822
79$10,623,054$0$0$6,986,547
80$11,592,688$0$0$7,626,490
81$12,657,635$0$0$8,329,417
82$13,827,506$0$0$9,101,682
83$15,112,886$0$0$9,950,282
84$16,525,437$0$0$10,882,926
85$18,078,005$0$0$11,908,107
86$19,784,744$0$0$13,035,184
87$21,661,249$0$0$14,274,464
88$23,724,699$0$0$15,637,307
89$25,994,022$0$0$17,136,225
90$28,490,072$0$0$18,785,006
91$31,235,825$0$0$20,598,841
92$34,256,599$0$0$22,594,466
93$37,580,284$0$0$24,790,323
94$41,237,616$0$0$27,206,731
95$45,262,455$0$0$29,866,078
96$49,692,115$0$0$32,793,033
97$54,567,705$0$0$36,014,777
98$59,934,527$0$0$39,561,259
99$65,842,492$0$0$43,465,481
100$72,346,602$0$0$47,763,807