Can I retire at age 30 with 394,000?

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 $394,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$32,536$32,246$31,964$31,688$31,418$30,974
2 years$16,107$15,807$15,516$15,234$14,961$14,515
3 years$10,631$10,330$10,040$9,761$9,492$9,057
4 years$7,894$7,594$7,307$7,032$6,770$6,349
5 years$6,252$5,954$5,670$5,401$5,146$4,742
6 years$5,158$4,862$4,582$4,320$4,072$3,684
7 years$4,377$4,083$3,808$3,551$3,312$2,940
8 years$3,791$3,500$3,229$2,979$2,747$2,393
9 years$3,335$3,047$2,782$2,538$2,314$1,975
10 years$2,971$2,686$2,425$2,187$1,971$1,649
11 years$2,674$2,391$2,135$1,904$1,695$1,389
12 years$2,426$2,146$1,895$1,670$1,469$1,178
13 years$2,216$1,939$1,693$1,474$1,281$1,005
14 years$2,037$1,763$1,521$1,309$1,123$862
15 years$1,881$1,610$1,373$1,167$989$742
16 years$1,746$1,478$1,245$1,045$874$641
17 years$1,626$1,361$1,133$939$775$555
18 years$1,520$1,257$1,034$846$689$482
19 years$1,424$1,165$947$765$614$419
20 years$1,339$1,083$869$692$549$365
21 years$1,262$1,009$799$628$491$319
22 years$1,192$942$737$571$440$278
23 years$1,128$881$680$520$395$244
24 years$1,069$825$629$475$355$213
25 years$1,016$774$583$433$319$187
26 years$966$728$540$396$288$164
27 years$921$685$502$363$259$144
28 years$878$645$466$332$234$126
29 years$839$609$434$305$211$111
30 years$802$575$404$280$191$98
31 years$768$544$377$257$173$86
32 years$736$514$352$236$156$76
33 years$706$487$328$217$141$66
34 years$677$462$307$200$128$59
35 years$651$438$287$184$116$52
36 years$626$416$268$169$105$45
37 years$602$395$251$156$95$40
38 years$580$375$235$144$86$35
39 years$559$357$220$133$78$31
40 years$539$339$207$122$71$27
41 years$520$323$194$113$64$24
42 years$502$308$182$104$58$21
43 years$484$293$170$96$53$19
44 years$468$279$160$89$48$16
45 years$453$266$150$82$44$15
46 years$438$254$141$76$40$13
47 years$424$243$133$70$36$11
48 years$410$232$125$65$33$10
49 years$397$221$117$60$30$9
50 years$385$211$110$55$27$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $394,000, adding $4,166 every year, while hoping to spend $30,666 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: 51/31/18 Blend
29$394,000$394,000$394,000$394,000
30$438,485$417,603$411,496$458,474
31$450,582$405,437$392,653$460,515
32$462,886$391,648$372,151$459,207
33$475,384$376,122$349,901$457,121
34$488,063$358,742$325,813$454,194
35$500,907$339,383$299,790$450,359
36$513,898$317,911$271,731$445,543
37$527,014$294,187$241,533$439,670
38$540,230$268,062$209,084$432,656
39$553,517$239,381$174,272$424,414
40$566,842$207,976$136,976$414,849
41$580,167$173,675$97,072$403,860
42$593,450$136,291$54,430$391,338
43$606,642$95,629$8,914$377,168
44$619,688$51,484$0$361,225
45$632,527$3,637$0$350,995
46$645,089$0$0$341,038
47$657,296$0$0$345,941
48$669,060$0$0$351,813
49$680,282$0$0$357,357
50$690,852$0$0$362,512
51$700,648$0$0$367,206
52$709,533$0$0$371,362
53$717,352$0$0$374,893
54$723,935$0$0$377,702
55$729,092$0$0$379,682
56$732,611$0$0$380,712
57$734,258$0$0$380,660
58$733,771$0$0$379,378
59$730,860$0$0$376,702
60$725,202$0$0$372,450
61$716,441$0$0$366,419
62$704,180$0$0$358,387
63$687,980$0$0$348,105
64$667,355$0$0$335,299
65$641,766$0$0$319,665
66$610,617$0$0$300,866
67$573,248$0$0$278,531
68$528,928$0$0$252,247
69$476,849$0$0$221,560
70$416,118$0$0$185,965
71$345,748$0$0$144,907
72$264,646$0$0$97,769
73$171,606$0$0$43,874
74$65,295$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0