Can I retire at age 30 with 395,000?

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 $395,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$32,619$32,328$32,045$31,768$31,498$31,312
2 years$16,148$15,847$15,556$15,273$14,999$14,812
3 years$10,658$10,356$10,066$9,786$9,516$9,333
4 years$7,914$7,613$7,325$7,050$6,787$6,610
5 years$6,268$5,969$5,685$5,415$5,159$4,988
6 years$5,171$4,874$4,594$4,330$4,082$3,917
7 years$4,388$4,093$3,818$3,560$3,320$3,161
8 years$3,800$3,509$3,238$2,987$2,754$2,602
9 years$3,344$3,055$2,789$2,544$2,320$2,174
10 years$2,979$2,693$2,431$2,193$1,976$1,837
11 years$2,681$2,397$2,140$1,909$1,700$1,566
12 years$2,432$2,152$1,900$1,674$1,473$1,346
13 years$2,222$1,944$1,697$1,478$1,284$1,163
14 years$2,042$1,767$1,525$1,312$1,126$1,010
15 years$1,886$1,615$1,377$1,170$991$881
16 years$1,750$1,481$1,248$1,048$876$772
17 years$1,630$1,364$1,136$941$777$678
18 years$1,523$1,261$1,037$848$691$597
19 years$1,428$1,168$949$766$616$527
20 years$1,342$1,086$871$694$550$466
21 years$1,265$1,011$801$630$492$413
22 years$1,195$944$738$573$441$366
23 years$1,131$883$682$522$396$325
24 years$1,072$827$631$476$356$289
25 years$1,018$776$584$435$320$257
26 years$969$730$542$397$288$229
27 years$923$687$503$364$260$205
28 years$880$647$468$333$235$183
29 years$841$610$435$306$212$163
30 years$804$576$405$280$191$146
31 years$770$545$378$258$173$130
32 years$738$516$353$237$157$116
33 years$707$488$329$218$142$104
34 years$679$463$308$200$128$93
35 years$652$439$288$184$116$83
36 years$627$417$269$170$105$75
37 years$604$396$252$156$95$67
38 years$581$376$236$144$87$60
39 years$560$358$221$133$78$54
40 years$540$340$207$123$71$48
41 years$521$324$194$113$65$43
42 years$503$308$182$104$59$39
43 years$486$294$171$96$53$35
44 years$469$280$160$89$48$31
45 years$454$267$151$82$44$28
46 years$439$255$141$76$40$25
47 years$425$243$133$70$36$22
48 years$411$232$125$65$33$20
49 years$398$222$117$60$30$18
50 years$386$212$110$55$27$16

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $395,000, adding $2,693 every year, while hoping to spend $22,585 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: 55/29/16 Blend
29$395,000$395,000$395,000$395,000
30$438,068$417,133$411,010$460,163
31$458,720$413,542$400,749$471,920
32$480,723$409,018$389,387$482,058
33$504,188$403,492$376,863$492,588
34$529,242$396,890$363,115$503,552
35$556,021$389,133$348,075$514,999
36$584,674$380,140$331,674$526,982
37$615,366$369,822$313,840$539,563
38$648,276$358,086$294,497$552,811
39$683,603$344,835$273,566$566,801
40$721,563$329,965$250,963$581,621
41$762,394$313,365$226,602$597,366
42$806,358$294,919$200,393$614,146
43$853,742$274,506$172,241$632,080
44$904,860$251,993$142,048$651,305
45$960,060$227,245$109,710$671,971
46$1,019,722$200,115$75,121$694,248
47$1,084,263$170,451$38,168$718,323
48$1,154,145$138,090$0$744,407
49$1,229,872$102,860$0$772,950
50$1,312,000$64,582$0$810,965
51$1,401,141$23,063$0$852,240
52$1,497,967$0$0$897,123
53$1,603,217$0$0$952,983
54$1,717,705$0$0$1,021,784
55$1,842,327$0$0$1,096,709
56$1,978,066$0$0$1,178,353
57$2,126,006$0$0$1,267,372
58$2,287,342$0$0$1,364,490
59$2,463,385$0$0$1,470,500
60$2,655,580$0$0$1,586,279
61$2,865,519$0$0$1,712,790
62$3,094,952$0$0$1,851,094
63$3,345,807$0$0$2,002,357
64$3,620,207$0$0$2,167,867
65$3,920,490$0$0$2,349,039
66$4,249,229$0$0$2,547,431
67$4,609,258$0$0$2,764,762
68$5,003,698$0$0$3,002,922
69$5,435,987$0$0$3,263,992
70$5,909,908$0$0$3,550,267
71$6,429,633$0$0$3,864,273
72$6,999,752$0$0$4,208,791
73$7,625,324$0$0$4,586,887
74$8,311,920$0$0$5,001,936
75$9,065,676$0$0$5,457,656
76$9,893,352$0$0$5,958,143
77$10,802,395$0$0$6,507,910
78$11,801,007$0$0$7,111,928
79$12,898,227$0$0$7,775,671
80$14,104,008$0$0$8,505,174
81$15,429,320$0$0$9,307,083
82$16,886,244$0$0$10,188,719
83$18,488,093$0$0$11,158,150
84$20,249,534$0$0$12,224,263
85$22,186,724$0$0$13,396,851
86$24,317,468$0$0$14,686,704
87$26,661,381$0$0$16,105,708
88$29,240,073$0$0$17,666,960
89$32,077,358$0$0$19,384,892
90$35,199,472$0$0$21,275,403
91$38,635,324$0$0$23,356,015
92$42,416,767$0$0$25,646,030
93$46,578,896$0$0$28,166,719
94$51,160,385$0$0$30,941,520
95$56,203,844$0$0$33,996,257
96$61,756,227$0$0$37,359,386
97$67,869,270$0$0$41,062,263
98$74,599,981$0$0$45,139,438
99$82,011,179$0$0$49,628,983
100$90,172,082$0$0$54,572,850