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%15.2%
1 years$32,123$31,837$31,558$31,285$31,019$30,356
2 years$15,903$15,606$15,319$15,041$14,771$14,106
3 years$10,496$10,199$9,913$9,637$9,371$8,725
4 years$7,794$7,497$7,214$6,943$6,684$6,062
5 years$6,173$5,878$5,598$5,333$5,081$4,484
6 years$5,092$4,800$4,524$4,265$4,020$3,450
7 years$4,321$4,031$3,760$3,506$3,270$2,726
8 years$3,743$3,455$3,188$2,941$2,712$2,195
9 years$3,293$3,008$2,746$2,505$2,284$1,793
10 years$2,934$2,652$2,394$2,160$1,946$1,481
11 years$2,640$2,361$2,108$1,880$1,674$1,233
12 years$2,395$2,119$1,871$1,649$1,451$1,034
13 years$2,188$1,915$1,671$1,455$1,265$872
14 years$2,011$1,741$1,502$1,292$1,109$738
15 years$1,858$1,590$1,356$1,152$976$628
16 years$1,723$1,459$1,229$1,032$863$535
17 years$1,605$1,343$1,119$927$765$458
18 years$1,500$1,241$1,021$835$680$392
19 years$1,406$1,151$935$755$606$337
20 years$1,322$1,069$858$684$542$289
21 years$1,246$996$789$620$485$249
22 years$1,177$930$727$564$434$215
23 years$1,114$869$672$514$390$185
24 years$1,056$815$621$469$351$160
25 years$1,003$764$575$428$315$138
26 years$954$718$533$391$284$120
27 years$909$676$495$358$256$103
28 years$867$637$461$328$231$89
29 years$828$601$429$301$209$77
30 years$792$568$399$276$189$67
31 years$758$537$372$254$170$58
32 years$726$508$347$233$154$50
33 years$697$481$324$214$140$44
34 years$669$456$303$197$126$38
35 years$643$432$283$182$114$33
36 years$618$410$265$167$104$28
37 years$594$390$248$154$94$25
38 years$572$370$232$142$85$21
39 years$552$352$218$131$77$19
40 years$532$335$204$121$70$16
41 years$513$319$191$111$64$14
42 years$495$304$179$103$58$12
43 years$478$289$168$95$52$11
44 years$462$276$158$88$48$9
45 years$447$263$148$81$43$8
46 years$432$251$139$75$39$7
47 years$418$239$131$69$36$6
48 years$405$229$123$64$32$5
49 years$392$218$116$59$29$5
50 years$380$209$109$55$27$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $389,000, adding $5,622 every year, while hoping to spend $20,020 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: 59/32/9 Blend
29$389,000$389,000$389,000$389,000
30$434,477$413,860$407,831$458,890
31$457,493$412,838$400,192$474,938
32$482,185$411,095$391,626$489,663
33$508,703$408,574$382,081$505,226
34$537,213$405,216$371,503$521,708
35$567,894$400,958$359,834$539,199
36$600,945$395,730$347,014$557,801
37$636,584$389,463$332,981$577,625
38$675,049$382,081$317,670$598,796
39$716,605$373,503$301,012$621,452
40$761,539$363,646$282,937$645,744
41$810,169$352,418$263,369$671,844
42$862,845$339,725$242,230$699,938
43$919,950$325,466$219,439$730,234
44$981,906$309,535$194,912$762,965
45$1,049,178$291,819$168,558$798,384
46$1,122,275$272,199$140,286$836,777
47$1,201,760$250,550$109,998$878,456
48$1,288,250$226,737$77,594$923,769
49$1,382,425$200,621$42,967$973,102
50$1,485,034$172,053$6,008$1,026,881
51$1,596,899$140,875$0$1,085,578
52$1,718,926$106,922$0$1,152,925
53$1,852,114$70,018$0$1,227,115
54$1,997,559$29,978$0$1,308,221
55$2,156,470$0$0$1,396,964
56$2,330,177$0$0$1,498,855
57$2,520,146$0$0$1,621,859
58$2,727,989$0$0$1,756,469
59$2,955,482$0$0$1,903,837
60$3,204,580$0$0$2,065,236
61$3,477,436$0$0$2,242,065
62$3,776,422$0$0$2,435,865
63$4,104,151$0$0$2,648,334
64$4,463,497$0$0$2,881,340
65$4,857,629$0$0$3,136,944
66$5,290,037$0$0$3,417,413
67$5,764,564$0$0$3,725,246
68$6,285,443$0$0$4,063,194
69$6,857,337$0$0$4,434,289
70$7,485,385$0$0$4,841,870
71$8,175,245$0$0$5,289,616
72$8,933,150$0$0$5,781,580
73$9,765,968$0$0$6,322,224
74$10,681,266$0$0$6,916,469
75$11,687,377$0$0$7,569,732
76$12,793,486$0$0$8,287,983
77$14,009,708$0$0$9,077,799
78$15,347,191$0$0$9,946,426
79$16,818,215$0$0$10,901,847
80$18,436,309$0$0$11,952,860
81$20,216,383$0$0$13,109,155
82$22,174,860$0$0$14,381,411
83$24,329,839$0$0$15,781,394
84$26,701,260$0$0$17,322,067
85$29,311,093$0$0$19,017,714
86$32,183,548$0$0$20,884,074
87$35,345,300$0$0$22,938,489
88$38,825,739$0$0$25,200,068
89$42,657,253$0$0$27,689,867
90$46,875,527$0$0$30,431,086
91$51,519,882$0$0$33,449,290
92$56,633,648$0$0$36,772,649
93$62,264,568$0$0$40,432,204
94$68,465,252$0$0$44,462,159
95$75,293,672$0$0$48,900,205
96$82,813,706$0$0$53,787,872
97$91,095,747$0$0$59,170,927
98$100,217,359$0$0$65,099,800
99$110,264,017$0$0$71,630,060
100$121,329,904$0$0$78,822,945