Can I retire at age 30 with 389,000?

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 $389,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.7%
1 years$32,123$31,837$31,558$31,285$31,019$29,931
2 years$15,903$15,606$15,319$15,041$14,771$13,686
3 years$10,496$10,199$9,913$9,637$9,371$8,323
4 years$7,794$7,497$7,214$6,943$6,684$5,681
5 years$6,173$5,878$5,598$5,333$5,081$4,126
6 years$5,092$4,800$4,524$4,265$4,020$3,115
7 years$4,321$4,031$3,760$3,506$3,270$2,412
8 years$3,743$3,455$3,188$2,941$2,712$1,903
9 years$3,293$3,008$2,746$2,505$2,284$1,522
10 years$2,934$2,652$2,394$2,160$1,946$1,229
11 years$2,640$2,361$2,108$1,880$1,674$1,001
12 years$2,395$2,119$1,871$1,649$1,451$820
13 years$2,188$1,915$1,671$1,455$1,265$675
14 years$2,011$1,741$1,502$1,292$1,109$558
15 years$1,858$1,590$1,356$1,152$976$463
16 years$1,723$1,459$1,229$1,032$863$385
17 years$1,605$1,343$1,119$927$765$321
18 years$1,500$1,241$1,021$835$680$268
19 years$1,406$1,151$935$755$606$224
20 years$1,322$1,069$858$684$542$188
21 years$1,246$996$789$620$485$157
22 years$1,177$930$727$564$434$132
23 years$1,114$869$672$514$390$111
24 years$1,056$815$621$469$351$93
25 years$1,003$764$575$428$315$78
26 years$954$718$533$391$284$66
27 years$909$676$495$358$256$55
28 years$867$637$461$328$231$46
29 years$828$601$429$301$209$39
30 years$792$568$399$276$189$33
31 years$758$537$372$254$170$28
32 years$726$508$347$233$154$23
33 years$697$481$324$214$140$20
34 years$669$456$303$197$126$17
35 years$643$432$283$182$114$14
36 years$618$410$265$167$104$12
37 years$594$390$248$154$94$10
38 years$572$370$232$142$85$8
39 years$552$352$218$131$77$7
40 years$532$335$204$121$70$6
41 years$513$319$191$111$64$5
42 years$495$304$179$103$58$4
43 years$478$289$168$95$52$4
44 years$462$276$158$88$48$3
45 years$447$263$148$81$43$2
46 years$432$251$139$75$39$2
47 years$418$239$131$69$36$2
48 years$405$229$123$64$32$1
49 years$392$218$116$59$29$1
50 years$380$209$109$55$27$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $389,000, adding $2,650 every year, while hoping to spend $25,553 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: 40/48/12 Blend
29$389,000$389,000$389,000$389,000
30$431,411$410,794$404,765$447,022
31$448,227$403,735$391,136$451,234
32$465,902$395,474$376,195$453,071
33$484,496$385,924$359,869$454,494
34$504,075$374,995$342,086$455,478
35$524,712$362,590$322,766$455,997
36$546,483$348,609$301,830$456,024
37$569,476$332,942$279,193$455,531
38$593,782$315,475$254,765$454,492
39$619,503$296,089$228,455$452,878
40$646,750$274,655$200,167$450,663
41$675,645$251,039$169,798$447,819
42$706,318$225,098$137,244$444,321
43$738,916$196,681$102,395$440,142
44$773,596$165,629$65,136$435,258
45$810,532$131,774$25,347$429,645
46$849,913$94,938$0$423,283
47$891,947$54,933$0$418,344
48$936,863$11,561$0$416,225
49$984,908$0$0$413,684
50$1,036,357$0$0$429,419
51$1,091,511$0$0$452,868
52$1,150,697$0$0$478,066
53$1,214,278$0$0$505,174
54$1,282,650$0$0$534,365
55$1,356,248$0$0$565,830
56$1,435,550$0$0$599,778
57$1,521,081$0$0$636,440
58$1,613,418$0$0$676,070
59$1,713,195$0$0$718,945
60$1,821,109$0$0$765,372
61$1,937,924$0$0$815,687
62$2,064,483$0$0$870,260
63$2,201,711$0$0$929,497
64$2,350,626$0$0$993,847
65$2,512,346$0$0$1,063,801
66$2,688,104$0$0$1,139,900
67$2,879,254$0$0$1,222,741
68$3,087,285$0$0$1,312,978
69$3,313,837$0$0$1,411,333
70$3,560,714$0$0$1,518,601
71$3,829,902$0$0$1,635,654
72$4,123,586$0$0$1,763,454
73$4,444,172$0$0$1,903,060
74$4,794,307$0$0$2,055,637
75$5,176,905$0$0$2,222,469
76$5,595,176$0$0$2,404,969
77$6,052,653$0$0$2,604,691
78$6,553,226$0$0$2,823,349
79$7,101,179$0$0$3,062,829
80$7,701,227$0$0$3,325,208
81$8,358,566$0$0$3,612,774
82$9,078,915$0$0$3,928,046
83$9,868,575$0$0$4,273,799
84$10,734,484$0$0$4,653,089
85$11,684,284$0$0$5,069,283
86$12,726,393$0$0$5,526,088
87$13,870,082$0$0$6,027,589
88$15,125,563$0$0$6,578,286
89$16,504,086$0$0$7,183,133
90$18,018,043$0$0$7,847,592
91$19,681,087$0$0$8,577,676
92$21,508,254$0$0$9,380,013
93$23,516,113$0$0$10,261,901
94$25,722,916$0$0$11,231,384
95$28,148,769$0$0$12,297,320
96$30,815,826$0$0$13,469,473
97$33,748,493$0$0$14,758,597
98$36,973,659$0$0$16,176,542
99$40,520,952$0$0$17,736,363
100$44,423,012$0$0$19,452,445