Can I retire at age 30 with 388,000?

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 $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%18.9%
1 years$32,041$31,755$31,477$31,205$30,940$29,830
2 years$15,862$15,566$15,280$15,002$14,733$13,627
3 years$10,469$10,173$9,887$9,612$9,347$8,280
4 years$7,774$7,478$7,195$6,925$6,667$5,646
5 years$6,157$5,863$5,584$5,319$5,068$4,096
6 years$5,079$4,787$4,513$4,254$4,010$3,088
7 years$4,310$4,021$3,750$3,497$3,261$2,389
8 years$3,733$3,446$3,180$2,934$2,705$1,883
9 years$3,285$3,001$2,739$2,499$2,278$1,504
10 years$2,926$2,645$2,388$2,154$1,941$1,213
11 years$2,633$2,355$2,102$1,875$1,670$987
12 years$2,389$2,113$1,866$1,644$1,447$807
13 years$2,183$1,910$1,667$1,452$1,262$664
14 years$2,006$1,736$1,498$1,289$1,106$548
15 years$1,853$1,586$1,352$1,149$974$454
16 years$1,719$1,455$1,226$1,029$861$377
17 years$1,601$1,340$1,116$925$763$314
18 years$1,496$1,238$1,018$833$679$262
19 years$1,403$1,148$932$753$605$218
20 years$1,319$1,066$856$682$540$183
21 years$1,243$993$787$619$483$153
22 years$1,174$927$725$563$433$128
23 years$1,111$867$670$512$389$107
24 years$1,053$813$619$467$350$90
25 years$1,000$763$574$427$315$75
26 years$952$717$532$390$283$63
27 years$907$674$494$357$255$53
28 years$865$636$459$327$231$45
29 years$826$600$427$300$208$37
30 years$790$566$398$275$188$31
31 years$756$535$371$253$170$26
32 years$724$506$346$233$154$22
33 years$695$480$323$214$139$19
34 years$667$455$302$197$126$16
35 years$641$431$282$181$114$13
36 years$616$409$264$167$103$11
37 years$593$389$247$154$94$9
38 years$571$369$232$142$85$8
39 years$550$351$217$131$77$7
40 years$530$334$203$120$70$6
41 years$512$318$191$111$63$5
42 years$494$303$179$103$58$4
43 years$477$289$168$95$52$3
44 years$461$275$158$87$47$3
45 years$446$262$148$81$43$2
46 years$431$250$139$75$39$2
47 years$417$239$131$69$35$2
48 years$404$228$123$64$32$1
49 years$391$218$115$59$29$1
50 years$379$208$108$54$27$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $388,000, adding $6,142 every year, while hoping to spend $29,464 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: 78/5/17 Blend
29$388,000$388,000$388,000$388,000
30$433,911$413,347$407,333$465,664
31$446,821$402,252$389,630$476,373
32$460,060$389,625$370,345$483,789
33$473,630$375,361$349,396$491,114
34$487,534$359,348$326,695$498,329
35$501,773$341,466$302,149$505,412
36$516,345$321,590$275,663$512,341
37$531,251$299,586$247,136$519,088
38$546,488$275,315$216,465$525,628
39$562,053$248,628$183,539$531,929
40$577,939$219,368$148,244$537,960
41$594,140$187,368$110,462$543,683
42$610,647$152,454$70,067$549,062
43$627,449$114,440$26,930$554,053
44$644,532$73,131$0$558,611
45$661,879$28,319$0$566,152
46$679,471$0$0$578,594
47$697,285$0$0$592,127
48$715,295$0$0$607,380
49$733,468$0$0$622,766
50$751,769$0$0$638,254
51$770,157$0$0$653,809
52$788,584$0$0$669,391
53$806,996$0$0$684,951
54$825,333$0$0$700,438
55$843,525$0$0$715,792
56$861,494$0$0$730,946
57$879,151$0$0$745,822
58$896,398$0$0$760,336
59$913,122$0$0$774,391
60$929,199$0$0$787,880
61$944,488$0$0$800,681
62$958,833$0$0$812,659
63$972,058$0$0$823,664
64$983,968$0$0$833,528
65$994,345$0$0$842,061
66$1,002,946$0$0$849,056
67$1,009,500$0$0$854,279
68$1,013,706$0$0$857,471
69$1,015,231$0$0$858,345
70$1,013,702$0$0$856,580
71$1,008,707$0$0$851,822
72$999,788$0$0$843,676
73$986,438$0$0$831,706
74$968,093$0$0$815,427
75$944,129$0$0$794,303
76$913,856$0$0$767,738
77$876,508$0$0$735,075
78$831,238$0$0$695,585
79$777,108$0$0$648,461
80$713,080$0$0$592,811
81$638,009$0$0$527,649
82$550,624$0$0$451,882
83$449,523$0$0$364,306
84$333,156$0$0$263,586
85$199,810$0$0$148,249
86$47,592$0$0$16,668
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0