Can I retire at age 30 with 387,000?

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 $387,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$31,958$31,673$31,396$31,125$30,860$30,386
2 years$15,821$15,526$15,241$14,964$14,695$14,219
3 years$10,442$10,147$9,862$9,587$9,323$8,860
4 years$7,754$7,459$7,177$6,907$6,649$6,202
5 years$6,141$5,848$5,569$5,305$5,055$4,624
6 years$5,066$4,775$4,501$4,243$4,000$3,587
7 years$4,299$4,010$3,740$3,488$3,253$2,858
8 years$3,723$3,437$3,172$2,926$2,699$2,322
9 years$3,276$2,993$2,732$2,492$2,273$1,913
10 years$2,919$2,638$2,382$2,149$1,936$1,594
11 years$2,626$2,349$2,097$1,870$1,665$1,341
12 years$2,383$2,108$1,861$1,640$1,443$1,135
13 years$2,177$1,905$1,663$1,448$1,258$966
14 years$2,001$1,732$1,494$1,285$1,103$827
15 years$1,848$1,582$1,349$1,146$971$710
16 years$1,715$1,451$1,223$1,026$858$612
17 years$1,597$1,337$1,113$922$761$529
18 years$1,493$1,235$1,016$831$677$458
19 years$1,399$1,145$930$751$603$398
20 years$1,315$1,064$853$680$539$346
21 years$1,239$991$785$617$482$301
22 years$1,171$925$724$561$432$263
23 years$1,108$865$668$511$388$229
24 years$1,050$810$618$466$349$200
25 years$998$761$572$426$314$175
26 years$949$715$531$389$283$153
27 years$904$673$493$356$255$134
28 years$863$634$458$326$230$118
29 years$824$598$426$299$208$103
30 years$788$565$397$275$188$90
31 years$754$534$370$252$170$79
32 years$723$505$345$232$153$70
33 years$693$478$323$213$139$61
34 years$665$453$301$196$126$54
35 years$639$430$282$181$114$47
36 years$615$408$264$166$103$41
37 years$591$388$247$153$94$36
38 years$570$368$231$141$85$32
39 years$549$350$216$130$77$28
40 years$529$333$203$120$70$25
41 years$510$317$190$111$63$22
42 years$493$302$178$102$57$19
43 years$476$288$167$94$52$17
44 years$460$274$157$87$47$15
45 years$445$262$148$81$43$13
46 years$430$250$139$74$39$11
47 years$416$238$130$69$35$10
48 years$403$227$122$64$32$9
49 years$390$217$115$59$29$8
50 years$378$207$108$54$27$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $387,000, adding $4,115 every year, while hoping to spend $24,216 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: 53/19/28 Blend
29$387,000$387,000$387,000$387,000
30$430,719$410,208$404,209$449,985
31$448,886$404,542$391,984$458,113
32$468,095$397,787$378,539$464,154
33$488,427$389,865$363,805$470,247
34$509,968$380,690$347,715$476,406
35$532,816$370,175$330,195$482,650
36$557,076$358,226$311,168$488,999
37$582,862$344,744$290,557$495,477
38$610,301$329,623$268,278$502,113
39$639,531$312,754$244,244$508,941
40$670,701$294,017$218,365$515,999
41$703,979$273,289$190,545$523,331
42$739,543$250,439$160,687$530,989
43$777,594$225,328$128,688$539,031
44$818,348$197,809$94,438$547,523
45$862,045$167,726$57,827$556,543
46$908,945$134,917$18,736$566,176
47$959,337$99,208$0$576,519
48$1,013,536$60,416$0$594,551
49$1,071,889$18,347$0$619,950
50$1,134,774$0$0$647,293
51$1,202,611$0$0$682,470
52$1,275,859$0$0$724,623
53$1,355,020$0$0$770,210
54$1,440,651$0$0$819,556
55$1,533,360$0$0$873,014
56$1,633,816$0$0$930,976
57$1,742,756$0$0$993,871
58$1,860,991$0$0$1,062,171
59$1,989,411$0$0$1,136,396
60$2,128,995$0$0$1,217,117
61$2,280,822$0$0$1,304,963
62$2,446,077$0$0$1,400,626
63$2,626,065$0$0$1,504,867
64$2,822,223$0$0$1,618,524
65$3,036,130$0$0$1,742,519
66$3,269,526$0$0$1,877,867
67$3,524,325$0$0$2,025,686
68$3,802,635$0$0$2,187,204
69$4,106,775$0$0$2,363,777
70$4,439,301$0$0$2,556,895
71$4,803,023$0$0$2,768,199
72$5,201,039$0$0$2,999,497
73$5,636,758$0$0$3,252,779
74$6,113,935$0$0$3,530,237
75$6,636,703$0$0$3,834,284
76$7,209,618$0$0$4,167,579
77$7,837,692$0$0$4,533,050
78$8,526,450$0$0$4,933,920
79$9,281,975$0$0$5,373,741
80$10,110,967$0$0$5,856,426
81$11,020,806$0$0$6,386,284
82$12,019,623$0$0$6,968,061
83$13,116,371$0$0$7,606,986
84$14,320,916$0$0$8,308,819
85$15,644,126$0$0$9,079,906
86$17,097,970$0$0$9,927,237
87$18,695,638$0$0$10,858,512
88$20,451,659$0$0$11,882,217
89$22,382,040$0$0$13,007,697
90$24,504,416$0$0$14,245,252
91$26,838,215$0$0$15,606,227
92$29,404,843$0$0$17,103,121
93$32,227,886$0$0$18,749,709
94$35,333,326$0$0$20,561,163
95$38,749,795$0$0$22,554,204
96$42,508,837$0$0$24,747,253
97$46,645,207$0$0$27,160,607
98$51,197,202$0$0$29,816,631
99$56,207,017$0$0$32,739,967
100$61,721,146$0$0$35,957,767