Can I retire at age 30 with 389,000?

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 $389,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$32,123$31,837$31,558$31,285$31,019$30,220
2 years$15,903$15,606$15,319$15,041$14,771$13,972
3 years$10,496$10,199$9,913$9,637$9,371$8,596
4 years$7,794$7,497$7,214$6,943$6,684$5,939
5 years$6,173$5,878$5,598$5,333$5,081$4,368
6 years$5,092$4,800$4,524$4,265$4,020$3,341
7 years$4,321$4,031$3,760$3,506$3,270$2,623
8 years$3,743$3,455$3,188$2,941$2,712$2,099
9 years$3,293$3,008$2,746$2,505$2,284$1,703
10 years$2,934$2,652$2,394$2,160$1,946$1,397
11 years$2,640$2,361$2,108$1,880$1,674$1,155
12 years$2,395$2,119$1,871$1,649$1,451$962
13 years$2,188$1,915$1,671$1,455$1,265$805
14 years$2,011$1,741$1,502$1,292$1,109$676
15 years$1,858$1,590$1,356$1,152$976$571
16 years$1,723$1,459$1,229$1,032$863$483
17 years$1,605$1,343$1,119$927$765$410
18 years$1,500$1,241$1,021$835$680$348
19 years$1,406$1,151$935$755$606$296
20 years$1,322$1,069$858$684$542$253
21 years$1,246$996$789$620$485$216
22 years$1,177$930$727$564$434$184
23 years$1,114$869$672$514$390$158
24 years$1,056$815$621$469$351$135
25 years$1,003$764$575$428$315$116
26 years$954$718$533$391$284$99
27 years$909$676$495$358$256$85
28 years$867$637$461$328$231$73
29 years$828$601$429$301$209$63
30 years$792$568$399$276$189$54
31 years$758$537$372$254$170$46
32 years$726$508$347$233$154$40
33 years$697$481$324$214$140$34
34 years$669$456$303$197$126$29
35 years$643$432$283$182$114$25
36 years$618$410$265$167$104$22
37 years$594$390$248$154$94$19
38 years$572$370$232$142$85$16
39 years$552$352$218$131$77$14
40 years$532$335$204$121$70$12
41 years$513$319$191$111$64$10
42 years$495$304$179$103$58$9
43 years$478$289$168$95$52$7
44 years$462$276$158$88$48$6
45 years$447$263$148$81$43$6
46 years$432$251$139$75$39$5
47 years$418$239$131$69$36$4
48 years$405$229$123$64$32$4
49 years$392$218$116$59$29$3
50 years$380$209$109$55$27$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $389,000, adding $5,707 every year, while hoping to spend $27,590 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: 44/38/18 Blend
29$389,000$389,000$389,000$389,000
30$434,565$413,948$407,918$451,195
31$449,535$404,876$392,228$454,369
32$465,107$394,434$375,087$454,633
33$481,314$382,528$356,419$454,339
34$498,190$369,053$336,141$453,447
35$515,773$353,904$314,169$451,917
36$534,102$336,966$290,414$449,706
37$553,221$318,118$264,783$446,770
38$573,176$297,232$237,180$443,063
39$594,018$274,174$207,503$438,536
40$615,800$248,802$175,648$433,141
41$638,582$220,963$141,502$426,823
42$662,427$190,500$104,952$419,530
43$687,403$157,243$65,876$411,205
44$713,585$121,015$24,150$401,790
45$741,054$81,628$0$391,225
46$769,897$38,883$0$383,362
47$800,210$0$0$379,428
48$832,096$0$0$377,847
49$865,668$0$0$393,318
50$901,048$0$0$409,641
51$938,369$0$0$426,879
52$977,778$0$0$445,101
53$1,019,433$0$0$464,386
54$1,063,508$0$0$484,814
55$1,110,191$0$0$506,478
56$1,159,689$0$0$529,476
57$1,212,228$0$0$553,917
58$1,268,055$0$0$579,919
59$1,327,440$0$0$607,613
60$1,390,679$0$0$637,141
61$1,458,095$0$0$668,659
62$1,530,043$0$0$702,337
63$1,606,911$0$0$738,363
64$1,689,124$0$0$776,942
65$1,777,151$0$0$818,299
66$1,871,501$0$0$862,680
67$1,972,738$0$0$910,357
68$2,081,476$0$0$961,628
69$2,198,393$0$0$1,016,817
70$2,324,230$0$0$1,076,285
71$2,459,803$0$0$1,140,425
72$2,606,007$0$0$1,209,670
73$2,763,827$0$0$1,284,495
74$2,934,342$0$0$1,365,422
75$3,118,740$0$0$1,453,025
76$3,318,328$0$0$1,547,937
77$3,534,540$0$0$1,650,851
78$3,768,955$0$0$1,762,530
79$4,023,307$0$0$1,883,814
80$4,299,506$0$0$2,015,627
81$4,599,651$0$0$2,158,983
82$4,926,050$0$0$2,315,002
83$5,281,246$0$0$2,484,913
84$5,668,032$0$0$2,670,068
85$6,089,486$0$0$2,871,958
86$6,548,992$0$0$3,092,221
87$7,050,277$0$0$3,332,662
88$7,597,442$0$0$3,595,266
89$8,195,001$0$0$3,882,220
90$8,847,923$0$0$4,195,931
91$9,561,680$0$0$4,539,048
92$10,342,295$0$0$4,914,490
93$11,196,400$0$0$5,325,470
94$12,131,299$0$0$5,775,525
95$13,155,032$0$0$6,268,552
96$14,276,456$0$0$6,808,841
97$15,505,323$0$0$7,401,118
98$16,852,374$0$0$8,050,587
99$18,329,437$0$0$8,762,981
100$19,949,542$0$0$9,544,612