Can I retire at age 30 with 391,000?

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 $391,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$32,288$32,001$31,720$31,446$31,179$30,205
2 years$15,984$15,687$15,398$15,118$14,847$13,875
3 years$10,550$10,251$9,964$9,687$9,420$8,479
4 years$7,834$7,536$7,251$6,979$6,718$5,817
5 years$6,204$5,908$5,627$5,360$5,107$4,247
6 years$5,119$4,825$4,547$4,287$4,041$3,223
7 years$4,343$4,052$3,779$3,524$3,286$2,511
8 years$3,762$3,473$3,205$2,956$2,726$1,993
9 years$3,310$3,024$2,760$2,518$2,296$1,603
10 years$2,949$2,665$2,407$2,171$1,956$1,303
11 years$2,653$2,373$2,119$1,889$1,683$1,068
12 years$2,407$2,130$1,880$1,657$1,458$881
13 years$2,199$1,925$1,680$1,463$1,271$730
14 years$2,021$1,749$1,509$1,299$1,115$608
15 years$1,867$1,598$1,363$1,158$981$508
16 years$1,732$1,466$1,236$1,037$867$425
17 years$1,613$1,350$1,124$932$769$357
18 years$1,508$1,248$1,026$840$684$300
19 years$1,414$1,156$940$759$609$253
20 years$1,329$1,075$862$687$544$214
21 years$1,252$1,001$793$624$487$180
22 years$1,183$934$731$567$437$152
23 years$1,119$874$675$516$392$129
24 years$1,061$819$624$471$352$109
25 years$1,008$768$578$430$317$92
26 years$959$722$536$393$286$78
27 years$914$680$498$360$257$66
28 years$871$640$463$330$232$56
29 years$832$604$431$302$210$48
30 years$796$571$401$278$190$41
31 years$762$539$374$255$171$34
32 years$730$510$349$234$155$29
33 years$700$483$326$215$140$25
34 years$672$458$304$198$127$21
35 years$646$434$285$182$115$18
36 years$621$412$266$168$104$15
37 years$598$392$249$155$94$13
38 years$575$372$233$143$86$11
39 years$554$354$219$132$78$9
40 years$535$337$205$121$70$8
41 years$516$321$192$112$64$7
42 years$498$305$180$103$58$6
43 years$481$291$169$95$53$5
44 years$465$277$159$88$48$4
45 years$449$264$149$81$43$3
46 years$434$252$140$75$39$3
47 years$420$241$132$69$36$3
48 years$407$230$124$64$32$2
49 years$394$219$116$59$29$2
50 years$382$210$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 $391,000, adding $4,426 every year, while hoping to spend $23,655 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: 44/50/6 Blend
29$391,000$391,000$391,000$391,000
30$435,447$414,724$408,664$453,678
31$454,694$409,877$397,185$461,879
32$475,112$404,000$384,530$467,968
33$496,794$397,016$370,632$474,015
34$519,844$388,847$355,425$480,024
35$544,375$379,408$338,839$486,001
36$570,510$368,608$320,800$491,955
37$598,386$356,354$301,230$497,896
38$628,150$342,544$280,050$503,840
39$659,965$327,072$257,175$509,803
40$694,009$309,826$232,518$515,809
41$730,478$290,687$205,987$521,883
42$769,585$269,529$177,486$528,057
43$811,566$246,219$146,915$534,371
44$856,678$220,617$114,170$540,868
45$905,206$192,573$79,141$547,602
46$957,459$161,932$41,715$554,634
47$1,013,780$128,527$1,772$562,035
48$1,074,544$92,183$0$569,888
49$1,140,162$52,714$0$580,903
50$1,211,088$9,926$0$592,864
51$1,287,819$0$0$605,792
52$1,370,902$0$0$639,856
53$1,460,939$0$0$682,730
54$1,558,592$0$0$729,272
55$1,664,587$0$0$779,833
56$1,779,724$0$0$834,801
57$1,904,884$0$0$894,602
58$2,041,035$0$0$959,704
59$2,189,242$0$0$1,030,623
60$2,350,676$0$0$1,107,926
61$2,526,628$0$0$1,192,238
62$2,718,516$0$0$1,284,245
63$2,927,904$0$0$1,384,705
64$3,156,510$0$0$1,494,449
65$3,406,228$0$0$1,614,396
66$3,679,141$0$0$1,745,554
67$3,977,544$0$0$1,889,034
68$4,303,962$0$0$2,046,061
69$4,661,178$0$0$2,217,981
70$5,052,253$0$0$2,406,279
71$5,480,561$0$0$2,612,587
72$5,949,814$0$0$2,838,707
73$6,464,104$0$0$3,086,619
74$7,027,935$0$0$3,358,507
75$7,646,268$0$0$3,656,775
76$8,324,568$0$0$3,984,071
77$9,068,854$0$0$4,343,311
78$9,885,755$0$0$4,737,709
79$10,782,573$0$0$5,170,804
80$11,767,355$0$0$5,646,495
81$12,848,960$0$0$6,169,077
82$14,037,151$0$0$6,743,281
83$15,342,681$0$0$7,374,321
84$16,777,399$0$0$8,067,938
85$18,354,355$0$0$8,830,459
86$20,087,929$0$0$9,668,855
87$21,993,963$0$0$10,590,804
88$24,089,910$0$0$11,604,768
89$26,394,999$0$0$12,720,067
90$28,930,417$0$0$13,946,972
91$31,719,506$0$0$15,296,800
92$34,787,984$0$0$16,782,019
93$38,164,190$0$0$18,416,365
94$41,879,346$0$0$20,214,976
95$45,967,853$0$0$22,194,530
96$50,467,618$0$0$24,373,403
97$55,420,406$0$0$26,771,845
98$60,872,239$0$0$29,412,168
99$66,873,827$0$0$32,318,955
100$73,481,043$0$0$35,519,297