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%
1 years$32,619$32,328$32,045$31,768$31,498$31,365
2 years$16,148$15,847$15,556$15,273$14,999$14,865
3 years$10,658$10,356$10,066$9,786$9,516$9,385
4 years$7,914$7,613$7,325$7,050$6,787$6,660
5 years$6,268$5,969$5,685$5,415$5,159$5,036
6 years$5,171$4,874$4,594$4,330$4,082$3,964
7 years$4,388$4,093$3,818$3,560$3,320$3,206
8 years$3,800$3,509$3,238$2,987$2,754$2,645
9 years$3,344$3,055$2,789$2,544$2,320$2,214
10 years$2,979$2,693$2,431$2,193$1,976$1,876
11 years$2,681$2,397$2,140$1,909$1,700$1,603
12 years$2,432$2,152$1,900$1,674$1,473$1,381
13 years$2,222$1,944$1,697$1,478$1,284$1,197
14 years$2,042$1,767$1,525$1,312$1,126$1,042
15 years$1,886$1,615$1,377$1,170$991$912
16 years$1,750$1,481$1,248$1,048$876$800
17 years$1,630$1,364$1,136$941$777$705
18 years$1,523$1,261$1,037$848$691$622
19 years$1,428$1,168$949$766$616$551
20 years$1,342$1,086$871$694$550$489
21 years$1,265$1,011$801$630$492$434
22 years$1,195$944$738$573$441$386
23 years$1,131$883$682$522$396$344
24 years$1,072$827$631$476$356$307
25 years$1,018$776$584$435$320$274
26 years$969$730$542$397$288$245
27 years$923$687$503$364$260$219
28 years$880$647$468$333$235$196
29 years$841$610$435$306$212$176
30 years$804$576$405$280$191$158
31 years$770$545$378$258$173$141
32 years$738$516$353$237$157$127
33 years$707$488$329$218$142$114
34 years$679$463$308$200$128$102
35 years$652$439$288$184$116$92
36 years$627$417$269$170$105$83
37 years$604$396$252$156$95$74
38 years$581$376$236$144$87$67
39 years$560$358$221$133$78$60
40 years$540$340$207$123$71$54
41 years$521$324$194$113$65$48
42 years$503$308$182$104$59$44
43 years$486$294$171$96$53$39
44 years$469$280$160$89$48$35
45 years$454$267$151$82$44$32
46 years$439$255$141$76$40$29
47 years$425$243$133$70$36$26
48 years$411$232$125$65$33$23
49 years$398$222$117$60$30$21
50 years$386$212$110$55$27$19

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $395,000, adding $2,324 every year, while hoping to spend $22,872 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: 82/8/10 Blend
29$395,000$395,000$395,000$395,000
30$437,687$416,752$410,630$472,706
31$457,996$412,837$400,050$492,066
32$479,609$407,964$388,350$510,048
33$502,636$402,062$375,466$529,102
34$527,197$395,054$361,336$549,321
35$553,421$386,862$345,891$570,811
36$581,452$377,400$329,061$593,687
37$611,447$366,580$310,771$618,075
38$643,579$354,306$290,946$644,115
39$678,035$340,479$269,504$671,961
40$715,024$324,991$246,361$701,783
41$754,771$307,731$221,430$733,768
42$797,528$288,580$194,618$768,122
43$843,568$267,413$165,830$805,072
44$893,192$244,096$134,965$844,868
45$946,730$218,489$101,919$887,787
46$1,004,546$190,444$66,582$934,134
47$1,067,038$159,804$28,841$984,243
48$1,134,645$126,404$0$1,038,486
49$1,207,850$90,069$0$1,098,491
50$1,287,181$50,613$0$1,166,850
51$1,373,223$7,842$0$1,240,994
52$1,466,615$0$0$1,321,485
53$1,568,063$0$0$1,412,325
54$1,678,343$0$0$1,511,832
55$1,798,306$0$0$1,620,085
56$1,928,892$0$0$1,737,932
57$2,071,133$0$0$1,866,306
58$2,226,166$0$0$2,006,235
59$2,395,241$0$0$2,158,847
60$2,579,735$0$0$2,325,387
61$2,781,163$0$0$2,507,224
62$3,001,193$0$0$2,705,865
63$3,241,661$0$0$2,922,969
64$3,504,589$0$0$3,160,361
65$3,792,202$0$0$3,420,055
66$4,106,952$0$0$3,704,263
67$4,451,536$0$0$4,015,424
68$4,828,926$0$0$4,356,223
69$5,242,396$0$0$4,729,618
70$5,695,548$0$0$5,138,864
71$6,192,352$0$0$5,587,549
72$6,737,179$0$0$6,079,621
73$7,334,845$0$0$6,619,433
74$7,990,653$0$0$7,211,775
75$8,710,445$0$0$7,861,927
76$9,500,654$0$0$8,575,703
77$10,368,370$0$0$9,359,508
78$11,321,401$0$0$10,220,397
79$12,368,347$0$0$11,166,142
80$13,518,685$0$0$12,205,306
81$14,782,854$0$0$13,347,322
82$16,172,353$0$0$14,602,581
83$17,699,854$0$0$15,982,532
84$19,379,314$0$0$17,499,789
85$21,226,112$0$0$19,168,248
86$23,257,193$0$0$21,003,219
87$25,491,222$0$0$23,021,571
88$27,948,770$0$0$25,241,890
89$30,652,497$0$0$27,684,653
90$33,627,372$0$0$30,372,423
91$36,900,906$0$0$33,330,059
92$40,503,413$0$0$36,584,953
93$44,468,291$0$0$40,167,286
94$48,832,344$0$0$44,110,313
95$53,636,120$0$0$48,450,676
96$58,924,303$0$0$53,228,752
97$64,746,125$0$0$58,489,029
98$71,155,836$0$0$64,280,528
99$78,213,215$0$0$70,657,268
100$85,984,130$0$0$77,678,769