Can I retire at age 30 with 393,000?

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 $393,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.9%
1 years$32,454$32,164$31,882$31,607$31,338$30,457
2 years$16,066$15,767$15,477$15,196$14,923$14,042
3 years$10,604$10,304$10,015$9,736$9,468$8,615
4 years$7,874$7,574$7,288$7,014$6,753$5,934
5 years$6,236$5,938$5,656$5,388$5,133$4,351
6 years$5,145$4,849$4,571$4,309$4,062$3,316
7 years$4,365$4,072$3,798$3,542$3,303$2,595
8 years$3,781$3,491$3,221$2,972$2,740$2,069
9 years$3,327$3,039$2,774$2,531$2,308$1,673
10 years$2,964$2,679$2,419$2,182$1,966$1,367
11 years$2,667$2,385$2,130$1,899$1,691$1,126
12 years$2,420$2,141$1,890$1,666$1,465$934
13 years$2,211$1,934$1,688$1,470$1,278$778
14 years$2,032$1,758$1,517$1,305$1,120$652
15 years$1,877$1,606$1,370$1,164$986$547
16 years$1,741$1,474$1,242$1,042$872$461
17 years$1,622$1,357$1,130$937$773$389
18 years$1,516$1,254$1,032$844$687$330
19 years$1,421$1,162$944$763$613$279
20 years$1,336$1,080$867$691$547$237
21 years$1,259$1,006$797$627$490$201
22 years$1,189$939$735$570$439$171
23 years$1,125$878$678$519$394$146
24 years$1,067$823$627$473$354$124
25 years$1,013$772$581$432$319$106
26 years$964$726$539$395$287$90
27 years$918$683$500$362$259$77
28 years$876$644$465$332$234$66
29 years$837$607$433$304$211$56
30 years$800$573$403$279$191$48
31 years$766$542$376$256$172$41
32 years$734$513$351$235$156$35
33 years$704$486$328$217$141$30
34 years$676$460$306$199$128$26
35 years$649$437$286$183$116$22
36 years$624$414$268$169$105$19
37 years$601$394$251$156$95$16
38 years$578$374$235$143$86$14
39 years$557$356$220$132$78$12
40 years$537$338$206$122$71$10
41 years$518$322$193$113$64$9
42 years$500$307$181$104$58$7
43 years$483$292$170$96$53$6
44 years$467$279$160$89$48$5
45 years$451$266$150$82$44$5
46 years$437$254$141$76$40$4
47 years$422$242$132$70$36$3
48 years$409$231$124$64$33$3
49 years$396$221$117$60$30$2
50 years$384$211$110$55$27$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $393,000, adding $4,229 every year, while hoping to spend $21,269 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: 63/30/7 Blend
29$393,000$393,000$393,000$393,000
30$437,448$416,619$410,528$464,158
31$459,438$414,404$401,650$480,279
32$482,958$411,366$391,763$494,995
33$508,141$407,445$380,809$510,512
34$535,135$402,573$368,729$526,908
35$564,100$396,680$355,462$544,266
36$595,212$389,692$340,944$562,682
37$628,665$381,528$325,108$582,260
38$664,672$372,106$307,882$603,116
39$703,465$361,336$289,193$625,380
40$745,303$349,125$268,964$649,194
41$790,465$335,374$247,116$674,717
42$839,261$319,976$223,564$702,124
43$892,032$302,822$198,220$731,610
44$949,152$283,792$170,992$763,392
45$1,011,031$262,764$141,786$797,708
46$1,078,121$239,604$110,501$834,824
47$1,150,920$214,175$77,033$875,033
48$1,229,973$186,328$41,272$918,661
49$1,315,881$155,910$3,106$966,069
50$1,409,307$122,755$0$1,017,654
51$1,510,976$86,691$0$1,076,669
52$1,621,691$47,533$0$1,141,223
53$1,742,331$5,090$0$1,211,634
54$1,873,866$0$0$1,288,511
55$2,017,363$0$0$1,386,010
56$2,173,997$0$0$1,494,296
57$2,345,059$0$0$1,612,584
58$2,531,972$0$0$1,741,862
59$2,736,304$0$0$1,883,218
60$2,959,779$0$0$2,037,849
61$3,204,297$0$0$2,207,071
62$3,471,947$0$0$2,392,338
63$3,765,034$0$0$2,595,246
64$4,086,092$0$0$2,817,556
65$4,437,914$0$0$3,061,206
66$4,823,576$0$0$3,328,330
67$5,246,465$0$0$3,621,279
68$5,710,311$0$0$3,942,644
69$6,219,224$0$0$4,295,275
70$6,777,730$0$0$4,682,315
71$7,390,814$0$0$5,107,224
72$8,063,967$0$0$5,573,814
73$8,803,240$0$0$6,086,284
74$9,615,296$0$0$6,649,261
75$10,507,477$0$0$7,267,839
76$11,487,871$0$0$7,947,634
77$12,565,386$0$0$8,694,830
78$13,749,839$0$0$9,516,240
79$15,052,044$0$0$10,419,373
80$16,483,915$0$0$11,412,498
81$18,058,578$0$0$12,504,727
82$19,790,497$0$0$13,706,101
83$21,695,604$0$0$15,027,681
84$23,791,456$0$0$16,481,654
85$26,097,396$0$0$18,081,449
86$28,634,738$0$0$19,841,860
87$31,426,964$0$0$21,779,191
88$34,499,948$0$0$23,911,403
89$37,882,201$0$0$26,258,289
90$41,605,136$0$0$28,841,658
91$45,703,368$0$0$31,685,538
92$50,215,037$0$0$34,816,407
93$55,182,168$0$0$38,263,443
94$60,651,070$0$0$42,058,792
95$66,672,771$0$0$46,237,880
96$73,303,496$0$0$50,839,741
97$80,605,204$0$0$55,907,389
98$88,646,166$0$0$61,488,219
99$97,501,612$0$0$67,634,460
100$107,254,439$0$0$74,403,662