Can I retire at age 30 with 398,000?

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 $398,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$32,866$32,574$32,288$32,009$31,737$30,895
2 years$16,271$15,968$15,674$15,389$15,113$14,270
3 years$10,739$10,435$10,142$9,860$9,588$8,771
4 years$7,974$7,671$7,381$7,104$6,838$6,054
5 years$6,316$6,014$5,728$5,456$5,198$4,448
6 years$5,210$4,911$4,629$4,363$4,113$3,398
7 years$4,421$4,124$3,847$3,587$3,345$2,665
8 years$3,829$3,535$3,262$3,009$2,775$2,130
9 years$3,369$3,078$2,810$2,563$2,337$1,726
10 years$3,002$2,713$2,450$2,210$1,991$1,414
11 years$2,701$2,415$2,157$1,923$1,713$1,168
12 years$2,451$2,168$1,914$1,687$1,484$971
13 years$2,239$1,959$1,710$1,489$1,294$811
14 years$2,058$1,781$1,536$1,322$1,134$681
15 years$1,901$1,627$1,387$1,179$999$574
16 years$1,763$1,493$1,258$1,056$883$485
17 years$1,642$1,375$1,144$948$783$411
18 years$1,535$1,270$1,045$855$696$349
19 years$1,439$1,177$956$772$620$296
20 years$1,353$1,094$878$699$554$252
21 years$1,275$1,019$807$635$496$215
22 years$1,204$951$744$577$444$183
23 years$1,139$890$687$526$399$157
24 years$1,080$833$635$479$359$134
25 years$1,026$782$589$438$323$115
26 years$976$735$546$400$291$98
27 years$930$692$507$366$262$84
28 years$887$652$471$336$236$72
29 years$847$615$438$308$214$62
30 years$810$581$408$283$193$53
31 years$776$549$381$260$174$45
32 years$743$520$355$238$158$39
33 years$713$492$332$219$143$33
34 years$684$466$310$202$129$28
35 years$657$442$290$186$117$24
36 years$632$420$271$171$106$21
37 years$608$399$254$158$96$18
38 years$586$379$238$145$87$15
39 years$564$360$223$134$79$13
40 years$544$343$209$124$72$11
41 years$525$326$196$114$65$10
42 years$507$311$184$105$59$8
43 years$489$296$172$97$54$7
44 years$473$282$162$90$49$6
45 years$457$269$152$83$44$5
46 years$442$257$143$76$40$5
47 years$428$245$134$71$36$4
48 years$414$234$126$65$33$3
49 years$401$223$118$60$30$3
50 years$389$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 $398,000, adding $2,437 every year, while hoping to spend $25,457 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: 23/48/29 Blend
29$398,000$398,000$398,000$398,000
30$441,110$420,016$413,847$447,184
31$459,017$413,510$400,625$446,162
32$477,897$405,833$386,106$442,779
33$497,824$396,900$370,221$438,620
34$518,874$386,621$352,897$433,639
35$541,136$374,901$334,055$427,787
36$564,702$361,642$313,617$421,012
37$589,676$346,737$291,497$413,264
38$616,170$330,073$267,609$404,487
39$644,305$311,533$241,860$394,626
40$674,218$290,992$214,155$383,623
41$706,053$268,315$184,394$371,418
42$739,972$243,364$152,473$357,950
43$776,150$215,990$118,282$343,158
44$814,781$186,038$81,708$326,976
45$856,076$153,340$42,632$309,339
46$900,265$117,723$930$290,181
47$947,603$79,003$0$269,435
48$998,368$36,983$0$260,516
49$1,052,865$0$0$251,055
50$1,111,430$0$0$245,252
51$1,174,431$0$0$260,072
52$1,242,271$0$0$276,082
53$1,315,395$0$0$293,394
54$1,394,289$0$0$312,131
55$1,479,489$0$0$332,426
56$1,571,583$0$0$354,427
57$1,671,219$0$0$378,297
58$1,779,106$0$0$404,216
59$1,896,027$0$0$432,379
60$2,022,840$0$0$463,003
61$2,160,491$0$0$496,327
62$2,310,019$0$0$532,611
63$2,472,567$0$0$572,144
64$2,649,393$0$0$615,244
65$2,841,882$0$0$662,260
66$3,051,554$0$0$713,575
67$3,280,088$0$0$769,613
68$3,529,326$0$0$830,840
69$3,801,298$0$0$897,767
70$4,098,239$0$0$970,960
71$4,422,607$0$0$1,051,039
72$4,777,112$0$0$1,138,690
73$5,164,733$0$0$1,234,665
74$5,588,752$0$0$1,339,793
75$6,052,784$0$0$1,454,990
76$6,560,807$0$0$1,581,260
77$7,117,204$0$0$1,719,713
78$7,726,800$0$0$1,871,568
79$8,394,909$0$0$2,038,171
80$9,127,385$0$0$2,221,002
81$9,930,673$0$0$2,421,692
82$10,811,875$0$0$2,642,038
83$11,778,809$0$0$2,884,019
84$12,840,090$0$0$3,149,816
85$14,005,207$0$0$3,441,831
86$15,284,613$0$0$3,762,709
87$16,689,820$0$0$4,115,366
88$18,233,512$0$0$4,503,013
89$19,929,663$0$0$4,929,189
90$21,793,667$0$0$5,397,790
91$23,842,480$0$0$5,913,112
92$26,094,787$0$0$6,479,887
93$28,571,171$0$0$7,103,327
94$31,294,310$0$0$7,789,177
95$34,289,189$0$0$8,543,764
96$37,583,336$0$0$9,374,063
97$41,207,080$0$0$10,287,755
98$45,193,838$0$0$11,293,306
99$49,580,431$0$0$12,400,044
100$54,407,425$0$0$13,618,246