Can I retire at age 30 with 389,000?

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 $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%16.8%
1 years$32,123$31,837$31,558$31,285$31,019$30,159
2 years$15,903$15,606$15,319$15,041$14,771$13,911
3 years$10,496$10,199$9,913$9,637$9,371$8,538
4 years$7,794$7,497$7,214$6,943$6,684$5,884
5 years$6,173$5,878$5,598$5,333$5,081$4,317
6 years$5,092$4,800$4,524$4,265$4,020$3,292
7 years$4,321$4,031$3,760$3,506$3,270$2,578
8 years$3,743$3,455$3,188$2,941$2,712$2,057
9 years$3,293$3,008$2,746$2,505$2,284$1,664
10 years$2,934$2,652$2,394$2,160$1,946$1,360
11 years$2,640$2,361$2,108$1,880$1,674$1,121
12 years$2,395$2,119$1,871$1,649$1,451$930
13 years$2,188$1,915$1,671$1,455$1,265$776
14 years$2,011$1,741$1,502$1,292$1,109$650
15 years$1,858$1,590$1,356$1,152$976$546
16 years$1,723$1,459$1,229$1,032$863$461
17 years$1,605$1,343$1,119$927$765$389
18 years$1,500$1,241$1,021$835$680$330
19 years$1,406$1,151$935$755$606$280
20 years$1,322$1,069$858$684$542$238
21 years$1,246$996$789$620$485$202
22 years$1,177$930$727$564$434$172
23 years$1,114$869$672$514$390$147
24 years$1,056$815$621$469$351$125
25 years$1,003$764$575$428$315$107
26 years$954$718$533$391$284$91
27 years$909$676$495$358$256$78
28 years$867$637$461$328$231$66
29 years$828$601$429$301$209$57
30 years$792$568$399$276$189$48
31 years$758$537$372$254$170$41
32 years$726$508$347$233$154$35
33 years$697$481$324$214$140$30
34 years$669$456$303$197$126$26
35 years$643$432$283$182$114$22
36 years$618$410$265$167$104$19
37 years$594$390$248$154$94$16
38 years$572$370$232$142$85$14
39 years$552$352$218$131$77$12
40 years$532$335$204$121$70$10
41 years$513$319$191$111$64$9
42 years$495$304$179$103$58$7
43 years$478$289$168$95$52$6
44 years$462$276$158$88$48$5
45 years$447$263$148$81$43$5
46 years$432$251$139$75$39$4
47 years$418$239$131$69$36$3
48 years$405$229$123$64$32$3
49 years$392$218$116$59$29$3
50 years$380$209$109$55$27$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $389,000, adding $4,474 every year, while hoping to spend $22,112 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: 51/29/20 Blend
29$389,000$389,000$389,000$389,000
30$433,293$412,676$406,646$452,777
31$453,962$409,370$396,742$463,392
32$475,998$405,161$385,765$472,282
33$499,517$399,981$373,655$481,477
34$524,647$393,759$360,352$491,015
35$551,526$386,419$345,789$500,938
36$580,309$377,880$329,900$511,294
37$611,161$368,058$312,613$522,135
38$644,268$356,861$293,854$533,524
39$679,831$344,195$273,545$545,527
40$718,072$329,958$251,607$558,223
41$759,233$314,045$227,954$571,698
42$803,583$296,340$202,498$586,049
43$851,413$276,726$175,147$601,387
44$903,048$255,076$145,804$617,833
45$958,839$231,255$114,370$635,526
46$1,019,178$205,124$80,738$654,620
47$1,084,490$176,531$44,799$675,286
48$1,155,248$145,321$6,439$697,719
49$1,231,967$111,325$0$722,132
50$1,315,216$74,369$0$756,128
51$1,405,621$34,266$0$794,559
52$1,503,869$0$0$836,375
53$1,610,717$0$0$884,869
54$1,726,997$0$0$949,578
55$1,853,626$0$0$1,020,083
56$1,991,610$0$0$1,096,950
57$2,142,059$0$0$1,180,801
58$2,306,195$0$0$1,272,322
59$2,485,360$0$0$1,372,266
60$2,681,034$0$0$1,481,465
61$2,894,845$0$0$1,600,833
62$3,128,586$0$0$1,731,377
63$3,384,229$0$0$1,874,205
64$3,663,949$0$0$2,030,538
65$3,970,139$0$0$2,201,719
66$4,305,432$0$0$2,389,229
67$4,672,730$0$0$2,594,697
68$5,075,230$0$0$2,819,918
69$5,516,450$0$0$3,066,870
70$6,000,266$0$0$3,337,730
71$6,530,948$0$0$3,634,895
72$7,113,196$0$0$3,961,008
73$7,752,191$0$0$4,318,978
74$8,453,636$0$0$4,712,011
75$9,223,817$0$0$5,143,636
76$10,069,655$0$0$5,617,744
77$10,998,777$0$0$6,138,618
78$12,019,583$0$0$6,710,980
79$13,141,327$0$0$7,340,028
80$14,374,205$0$0$8,031,492
81$15,729,450$0$0$8,791,682
82$17,219,435$0$0$9,627,553
83$18,857,794$0$0$10,546,766
84$20,659,548$0$0$11,557,759
85$22,641,247$0$0$12,669,834
86$24,821,123$0$0$13,893,235
87$27,219,266$0$0$15,239,253
88$29,857,811$0$0$16,720,324
89$32,761,146$0$0$18,350,155
90$35,956,143$0$0$20,143,846
91$39,472,411$0$0$22,118,036
92$43,342,574$0$0$24,291,058
93$47,602,578$0$0$26,683,113
94$52,292,033$0$0$29,316,461
95$57,454,584$0$0$32,215,627
96$63,138,321$0$0$35,407,638
97$69,396,234$0$0$38,922,274
98$76,286,717$0$0$42,792,349
99$83,874,108$0$0$47,054,022
100$92,229,307$0$0$51,747,136