Can I retire at age 30 with 387,000?

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 $387,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.8%
1 years$31,958$31,673$31,396$31,125$30,860$29,884
2 years$15,821$15,526$15,241$14,964$14,695$13,721
3 years$10,442$10,147$9,862$9,587$9,323$8,381
4 years$7,754$7,459$7,177$6,907$6,649$5,747
5 years$6,141$5,848$5,569$5,305$5,055$4,194
6 years$5,066$4,775$4,501$4,243$4,000$3,181
7 years$4,299$4,010$3,740$3,488$3,253$2,477
8 years$3,723$3,437$3,172$2,926$2,699$1,964
9 years$3,276$2,993$2,732$2,492$2,273$1,579
10 years$2,919$2,638$2,382$2,149$1,936$1,283
11 years$2,626$2,349$2,097$1,870$1,665$1,051
12 years$2,383$2,108$1,861$1,640$1,443$866
13 years$2,177$1,905$1,663$1,448$1,258$718
14 years$2,001$1,732$1,494$1,285$1,103$597
15 years$1,848$1,582$1,349$1,146$971$498
16 years$1,715$1,451$1,223$1,026$858$417
17 years$1,597$1,337$1,113$922$761$350
18 years$1,493$1,235$1,016$831$677$294
19 years$1,399$1,145$930$751$603$248
20 years$1,315$1,064$853$680$539$209
21 years$1,239$991$785$617$482$176
22 years$1,171$925$724$561$432$149
23 years$1,108$865$668$511$388$126
24 years$1,050$810$618$466$349$106
25 years$998$761$572$426$314$90
26 years$949$715$531$389$283$76
27 years$904$673$493$356$255$65
28 years$863$634$458$326$230$55
29 years$824$598$426$299$208$46
30 years$788$565$397$275$188$39
31 years$754$534$370$252$170$33
32 years$723$505$345$232$153$28
33 years$693$478$323$213$139$24
34 years$665$453$301$196$126$20
35 years$639$430$282$181$114$17
36 years$615$408$264$166$103$15
37 years$591$388$247$153$94$12
38 years$570$368$231$141$85$11
39 years$549$350$216$130$77$9
40 years$529$333$203$120$70$8
41 years$510$317$190$111$63$6
42 years$493$302$178$102$57$5
43 years$476$288$167$94$52$5
44 years$460$274$157$87$47$4
45 years$445$262$148$81$43$3
46 years$430$250$139$74$39$3
47 years$416$238$130$69$35$2
48 years$403$227$122$64$32$2
49 years$390$217$115$59$29$2
50 years$378$207$108$54$27$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $387,000, adding $5,090 every year, while hoping to spend $24,831 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: 54/33/13 Blend
29$387,000$387,000$387,000$387,000
30$431,724$411,213$405,215$453,306
31$449,340$404,943$392,370$462,287
32$467,921$397,533$378,262$468,946
33$487,538$388,901$362,823$475,622
34$508,271$378,961$345,981$482,323
35$530,205$367,621$327,662$489,058
36$553,434$354,783$307,787$495,838
37$578,061$340,343$286,274$502,677
38$604,197$324,194$263,039$509,594
39$631,965$306,220$237,990$516,609
40$661,499$286,298$211,037$523,747
41$692,945$264,300$182,080$531,038
42$726,464$240,089$151,018$538,515
43$762,231$213,521$117,745$546,221
44$800,439$184,444$82,149$554,201
45$841,299$152,697$44,116$562,510
46$885,041$118,109$3,524$571,210
47$931,920$80,501$0$580,374
48$982,214$39,684$0$595,604
49$1,036,228$0$0$612,353
50$1,094,297$0$0$631,909
51$1,156,788$0$0$668,489
52$1,224,107$0$0$707,922
53$1,296,695$0$0$750,472
54$1,375,041$0$0$796,428
55$1,459,680$0$0$846,107
56$1,551,200$0$0$899,859
57$1,650,249$0$0$958,069
58$1,757,536$0$0$1,021,159
59$1,873,843$0$0$1,089,593
60$2,000,031$0$0$1,163,881
61$2,137,044$0$0$1,244,587
62$2,285,923$0$0$1,332,327
63$2,447,810$0$0$1,427,781
64$2,623,965$0$0$1,531,698
65$2,815,771$0$0$1,644,901
66$3,024,753$0$0$1,768,294
67$3,252,587$0$0$1,902,876
68$3,501,118$0$0$2,049,743
69$3,772,377$0$0$2,210,102
70$4,068,601$0$0$2,385,284
71$4,392,250$0$0$2,576,751
72$4,746,033$0$0$2,786,115
73$5,132,934$0$0$3,015,151
74$5,556,238$0$0$3,265,810
75$6,019,560$0$0$3,540,245
76$6,526,884$0$0$3,840,825
77$7,082,594$0$0$4,170,156
78$7,691,521$0$0$4,531,113
79$8,358,984$0$0$4,926,859
80$9,090,839$0$0$5,360,878
81$9,893,541$0$0$5,837,009
82$10,774,193$0$0$6,359,480
83$11,740,626$0$0$6,932,945
84$12,801,459$0$0$7,562,535
85$13,966,191$0$0$8,253,900
86$15,245,283$0$0$9,013,264
87$16,650,261$0$0$9,847,483
88$18,193,821$0$0$10,764,110
89$19,889,948$0$0$11,771,468
90$21,754,052$0$0$12,878,722
91$23,803,107$0$0$14,095,974
92$26,055,815$0$0$15,434,349
93$28,532,780$0$0$16,906,106
94$31,256,703$0$0$18,524,753
95$34,252,593$0$0$20,305,170
96$37,548,008$0$0$22,263,752
97$41,173,306$0$0$24,418,565
98$45,161,940$0$0$26,789,512
99$49,550,767$0$0$29,398,523
100$54,380,397$0$0$32,269,763