Can I retire at age 30 with 396,000?

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 $396,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$32,701$32,410$32,126$31,848$31,578$30,604
2 years$16,189$15,887$15,595$15,312$15,037$14,064
3 years$10,685$10,383$10,091$9,810$9,540$8,599
4 years$7,934$7,632$7,344$7,068$6,804$5,902
5 years$6,284$5,984$5,699$5,429$5,172$4,312
6 years$5,184$4,886$4,606$4,341$4,093$3,274
7 years$4,399$4,103$3,827$3,569$3,328$2,552
8 years$3,810$3,517$3,246$2,994$2,761$2,026
9 years$3,352$3,063$2,796$2,550$2,325$1,631
10 years$2,986$2,699$2,437$2,198$1,981$1,327
11 years$2,687$2,403$2,146$1,913$1,704$1,088
12 years$2,438$2,157$1,904$1,678$1,477$898
13 years$2,228$1,949$1,701$1,482$1,288$745
14 years$2,047$1,772$1,529$1,315$1,129$621
15 years$1,891$1,619$1,380$1,173$994$519
16 years$1,754$1,485$1,251$1,050$878$435
17 years$1,634$1,368$1,139$944$779$365
18 years$1,527$1,264$1,039$850$693$308
19 years$1,432$1,171$952$768$617$259
20 years$1,346$1,088$873$696$551$219
21 years$1,268$1,014$803$632$493$185
22 years$1,198$946$740$574$442$157
23 years$1,134$885$684$523$397$133
24 years$1,075$829$632$477$357$112
25 years$1,021$778$586$436$321$95
26 years$971$731$543$398$289$81
27 years$925$688$504$365$261$69
28 years$883$649$469$334$235$58
29 years$843$612$436$306$212$49
30 years$806$578$406$281$192$42
31 years$772$546$379$258$174$36
32 years$739$517$353$237$157$30
33 years$709$490$330$218$142$26
34 years$681$464$308$201$129$22
35 years$654$440$288$185$117$19
36 years$629$418$270$170$106$16
37 years$605$397$252$157$96$13
38 years$583$377$236$145$87$11
39 years$562$358$221$133$79$10
40 years$541$341$208$123$71$8
41 years$522$325$195$113$65$7
42 years$504$309$183$105$59$6
43 years$487$295$171$97$53$5
44 years$471$281$161$89$48$4
45 years$455$268$151$82$44$4
46 years$440$255$142$76$40$3
47 years$426$244$133$70$36$3
48 years$412$233$125$65$33$2
49 years$399$222$118$60$30$2
50 years$387$212$111$56$27$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $396,000, adding $2,585 every year, while hoping to spend $24,665 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: 65/10/25 Blend
29$396,000$396,000$396,000$396,000
30$439,058$418,070$411,932$464,574
31$457,599$412,313$399,489$476,336
32$477,204$405,446$385,802$486,188
33$497,956$397,390$370,803$496,400
34$519,945$388,060$354,423$507,010
35$543,270$377,365$336,586$518,060
36$568,038$365,210$317,217$529,596
37$594,368$351,495$296,233$541,672
38$622,386$336,112$273,550$554,347
39$652,236$318,948$249,080$567,687
40$684,071$299,883$222,731$581,767
41$718,061$278,791$194,407$596,670
42$754,390$255,539$164,006$612,488
43$793,262$229,985$131,425$629,325
44$834,899$201,978$96,552$647,298
45$879,546$171,363$59,274$666,534
46$927,471$137,971$19,471$687,177
47$978,968$101,627$0$709,388
48$1,034,360$62,144$0$739,481
49$1,094,002$19,325$0$777,460
50$1,158,282$0$0$818,383
51$1,227,628$0$0$865,506
52$1,302,511$0$0$918,709
53$1,383,446$0$0$976,233
54$1,471,001$0$0$1,038,484
55$1,565,800$0$0$1,105,910
56$1,668,528$0$0$1,179,000
57$1,779,939$0$0$1,258,295
58$1,900,863$0$0$1,344,387
59$2,032,211$0$0$1,437,930
60$2,174,986$0$0$1,539,641
61$2,330,293$0$0$1,650,311
62$2,499,344$0$0$1,770,808
63$2,683,477$0$0$1,902,089
64$2,884,161$0$0$2,045,206
65$3,103,015$0$0$2,201,318
66$3,341,819$0$0$2,371,700
67$3,602,533$0$0$2,557,755
68$3,887,315$0$0$2,761,028
69$4,198,540$0$0$2,983,220
70$4,538,824$0$0$3,226,203
71$4,911,046$0$0$3,492,040
72$5,318,377$0$0$3,783,000
73$5,764,307$0$0$4,101,583
74$6,252,680$0$0$4,450,543
75$6,787,731$0$0$4,832,910
76$7,374,122$0$0$5,252,023
77$8,016,986$0$0$5,711,560
78$8,721,980$0$0$6,215,570
79$9,495,331$0$0$6,768,514
80$10,343,902$0$0$7,375,306
81$11,275,248$0$0$8,041,358
82$12,297,694$0$0$8,772,630
83$13,420,410$0$0$9,575,690
84$14,653,495$0$0$10,457,773
85$16,008,077$0$0$11,426,846
86$17,496,414$0$0$12,491,691
87$19,132,011$0$0$13,661,977
88$20,929,743$0$0$14,948,361
89$22,906,002$0$0$16,362,581
90$25,078,844$0$0$17,917,571
91$27,468,163$0$0$19,627,579
92$30,095,878$0$0$21,508,303
93$32,986,138$0$0$23,577,041
94$36,165,550$0$0$25,852,849
95$39,663,429$0$0$28,356,725
96$43,512,074$0$0$31,111,803
97$47,747,075$0$0$34,143,573
98$52,407,644$0$0$37,480,123
99$57,536,988$0$0$41,152,399
100$63,182,714$0$0$45,194,500