Can I retire at age 30 with 397,000?

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 $397,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.7%
1 years$32,784$32,492$32,207$31,929$31,657$30,669
2 years$16,230$15,927$15,634$15,350$15,075$14,088
3 years$10,712$10,409$10,117$9,835$9,564$8,609
4 years$7,954$7,652$7,362$7,086$6,821$5,906
5 years$6,300$5,999$5,713$5,442$5,185$4,312
6 years$5,197$4,899$4,617$4,352$4,103$3,273
7 years$4,410$4,114$3,837$3,578$3,337$2,549
8 years$3,820$3,526$3,254$3,002$2,768$2,023
9 years$3,361$3,070$2,803$2,557$2,331$1,628
10 years$2,994$2,706$2,443$2,204$1,986$1,323
11 years$2,694$2,409$2,151$1,918$1,708$1,084
12 years$2,444$2,162$1,909$1,682$1,480$895
13 years$2,233$1,954$1,706$1,485$1,291$742
14 years$2,052$1,776$1,533$1,319$1,132$617
15 years$1,896$1,623$1,384$1,176$996$516
16 years$1,759$1,489$1,255$1,053$881$432
17 years$1,638$1,371$1,142$946$781$363
18 years$1,531$1,267$1,042$853$694$305
19 years$1,435$1,174$954$770$619$257
20 years$1,349$1,091$876$698$553$217
21 years$1,272$1,016$805$633$495$183
22 years$1,201$949$742$576$443$155
23 years$1,137$887$685$524$398$131
24 years$1,078$831$634$478$358$111
25 years$1,024$780$587$437$322$94
26 years$974$733$544$399$290$80
27 years$928$690$506$366$261$67
28 years$885$650$470$335$236$57
29 years$845$613$437$307$213$49
30 years$808$579$407$282$192$41
31 years$774$548$380$259$174$35
32 years$741$518$354$238$157$30
33 years$711$491$331$219$142$25
34 years$683$465$309$201$129$21
35 years$656$441$289$185$117$18
36 years$631$419$270$171$106$15
37 years$607$398$253$157$96$13
38 years$584$378$237$145$87$11
39 years$563$359$222$134$79$9
40 years$543$342$208$123$72$8
41 years$524$325$195$114$65$7
42 years$505$310$183$105$59$6
43 years$488$295$172$97$53$5
44 years$472$282$161$89$49$4
45 years$456$268$151$83$44$4
46 years$441$256$142$76$40$3
47 years$427$244$134$70$36$3
48 years$413$233$126$65$33$2
49 years$400$223$118$60$30$2
50 years$388$213$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 $397,000, adding $2,510 every year, while hoping to spend $30,672 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: 53/26/21 Blend
29$397,000$397,000$397,000$397,000
30$440,083$419,042$412,889$460,745
31$452,337$406,940$394,086$463,121
32$464,812$393,218$373,625$462,300
33$477,500$377,762$351,418$460,753
34$490,388$360,456$327,374$458,423
35$503,463$341,173$301,395$455,245
36$516,707$319,781$273,383$451,152
37$530,102$296,141$243,232$446,073
38$543,624$270,105$210,833$439,929
39$557,249$241,515$176,071$432,639
40$570,946$210,207$138,827$424,114
41$584,681$176,006$98,976$414,260
42$598,416$138,727$56,389$402,975
43$612,105$98,175$10,929$390,150
44$625,699$54,145$0$375,671
45$639,142$6,419$0$367,834
46$652,368$0$0$361,244
47$665,307$0$0$366,284
48$677,877$0$0$372,923
49$689,987$0$0$379,272
50$701,536$0$0$385,270
51$712,410$0$0$390,850
52$722,482$0$0$395,937
53$731,609$0$0$400,448
54$739,633$0$0$404,289
55$746,378$0$0$407,355
56$751,647$0$0$409,533
57$755,221$0$0$410,692
58$756,857$0$0$410,690
59$756,286$0$0$409,368
60$753,206$0$0$406,550
61$747,285$0$0$402,041
62$738,153$0$0$395,623
63$725,402$0$0$387,057
64$708,576$0$0$376,077
65$687,173$0$0$362,386
66$660,637$0$0$345,660
67$628,350$0$0$325,537
68$589,630$0$0$301,616
69$543,722$0$0$273,456
70$489,791$0$0$240,567
71$426,913$0$0$202,410
72$354,067$0$0$158,385
73$270,125$0$0$107,833
74$173,839$0$0$50,023
75$63,830$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