Can I retire at age 30 with 388,000?

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 $388,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$32,041$31,755$31,477$31,205$30,940$30,809
2 years$15,862$15,566$15,280$15,002$14,733$14,602
3 years$10,469$10,173$9,887$9,612$9,347$9,219
4 years$7,774$7,478$7,195$6,925$6,667$6,542
5 years$6,157$5,863$5,584$5,319$5,068$4,947
6 years$5,079$4,787$4,513$4,254$4,010$3,894
7 years$4,310$4,021$3,750$3,497$3,261$3,149
8 years$3,733$3,446$3,180$2,934$2,705$2,598
9 years$3,285$3,001$2,739$2,499$2,278$2,175
10 years$2,926$2,645$2,388$2,154$1,941$1,842
11 years$2,633$2,355$2,102$1,875$1,670$1,575
12 years$2,389$2,113$1,866$1,644$1,447$1,356
13 years$2,183$1,910$1,667$1,452$1,262$1,175
14 years$2,006$1,736$1,498$1,289$1,106$1,024
15 years$1,853$1,586$1,352$1,149$974$895
16 years$1,719$1,455$1,226$1,029$861$786
17 years$1,601$1,340$1,116$925$763$692
18 years$1,496$1,238$1,018$833$679$611
19 years$1,403$1,148$932$753$605$541
20 years$1,319$1,066$856$682$540$480
21 years$1,243$993$787$619$483$426
22 years$1,174$927$725$563$433$379
23 years$1,111$867$670$512$389$338
24 years$1,053$813$619$467$350$302
25 years$1,000$763$574$427$315$269
26 years$952$717$532$390$283$241
27 years$907$674$494$357$255$215
28 years$865$636$459$327$231$193
29 years$826$600$427$300$208$173
30 years$790$566$398$275$188$155
31 years$756$535$371$253$170$139
32 years$724$506$346$233$154$125
33 years$695$480$323$214$139$112
34 years$667$455$302$197$126$100
35 years$641$431$282$181$114$90
36 years$616$409$264$167$103$81
37 years$593$389$247$154$94$73
38 years$571$369$232$142$85$65
39 years$550$351$217$131$77$59
40 years$530$334$203$120$70$53
41 years$512$318$191$111$63$48
42 years$494$303$179$103$58$43
43 years$477$289$168$95$52$39
44 years$461$275$158$87$47$35
45 years$446$262$148$81$43$31
46 years$431$250$139$75$39$28
47 years$417$239$131$69$35$25
48 years$404$228$123$64$32$23
49 years$391$218$115$59$29$21
50 years$379$208$108$54$27$18

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $388,000, adding $5,474 every year, while hoping to spend $23,165 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: 86/8/6 Blend
29$388,000$388,000$388,000$388,000
30$433,222$412,658$406,644$469,891
31$452,764$408,231$395,620$490,193
32$473,522$402,811$383,449$508,729
33$495,596$396,324$370,070$528,350
34$519,097$388,693$355,417$549,150
35$544,142$379,836$339,420$571,230
36$570,862$369,667$322,009$594,703
37$599,402$358,092$303,108$619,692
38$629,917$345,015$282,639$646,333
39$662,581$330,332$260,519$674,776
40$697,581$313,935$236,663$705,184
41$735,125$295,709$210,982$737,739
42$775,439$275,530$183,381$772,640
43$818,773$253,271$153,764$810,106
44$865,402$228,794$122,029$850,380
45$915,624$201,957$88,068$893,728
46$969,770$172,605$51,771$940,441
47$1,028,203$140,579$13,022$990,845
48$1,091,321$105,709$0$1,045,294
49$1,159,562$67,814$0$1,105,994
50$1,233,406$26,706$0$1,172,571
51$1,313,383$0$0$1,244,674
52$1,400,074$0$0$1,324,406
53$1,494,118$0$0$1,413,456
54$1,596,218$0$0$1,510,138
55$1,707,149$0$0$1,615,187
56$1,827,760$0$0$1,729,407
57$1,958,987$0$0$1,853,685
58$2,101,861$0$0$1,988,999
59$2,257,514$0$0$2,136,420
60$2,427,194$0$0$2,297,132
61$2,612,272$0$0$2,472,435
62$2,814,260$0$0$2,663,760
63$3,034,820$0$0$2,872,683
64$3,275,782$0$0$3,100,938
65$3,539,162$0$0$3,350,436
66$3,827,178$0$0$3,623,278
67$4,142,274$0$0$3,921,780
68$4,487,137$0$0$4,248,490
69$4,864,731$0$0$4,606,215
70$5,278,316$0$0$4,998,046
71$5,731,485$0$0$5,427,387
72$6,228,192$0$0$5,897,986
73$6,772,794$0$0$6,413,972
74$7,370,090$0$0$6,979,892
75$8,025,364$0$0$7,600,754
76$8,744,436$0$0$8,282,075
77$9,533,720$0$0$9,029,930
78$10,400,276$0$0$9,851,014
79$11,351,887$0$0$10,752,700
80$12,397,121$0$0$11,743,110
81$13,545,420$0$0$12,831,190
82$14,807,185$0$0$14,026,799
83$16,193,875$0$0$15,340,795
84$17,718,112$0$0$16,785,142
85$19,393,804$0$0$18,373,018
86$21,236,272$0$0$20,118,946
87$23,262,398$0$0$22,038,922
88$25,490,779$0$0$24,150,573
89$27,941,907$0$0$26,473,318
90$30,638,359$0$0$29,028,554
91$33,605,010$0$0$31,839,856
92$36,869,268$0$0$34,933,197
93$40,461,331$0$0$38,337,198
94$44,414,473$0$0$42,083,393
95$48,765,358$0$0$46,206,527
96$53,554,383$0$0$50,744,886
97$58,826,059$0$0$55,740,654
98$64,629,433$0$0$61,240,313
99$71,018,550$0$0$67,295,083
100$78,052,960$0$0$73,961,399