Can I retire at age 30 with 391,000?

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 $391,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.4%
1 years$32,288$32,001$31,720$31,446$31,179$30,121
2 years$15,984$15,687$15,398$15,118$14,847$13,791
3 years$10,550$10,251$9,964$9,687$9,420$8,400
4 years$7,834$7,536$7,251$6,979$6,718$5,742
5 years$6,204$5,908$5,627$5,360$5,107$4,177
6 years$5,119$4,825$4,547$4,287$4,041$3,158
7 years$4,343$4,052$3,779$3,524$3,286$2,450
8 years$3,762$3,473$3,205$2,956$2,726$1,936
9 years$3,310$3,024$2,760$2,518$2,296$1,551
10 years$2,949$2,665$2,407$2,171$1,956$1,256
11 years$2,653$2,373$2,119$1,889$1,683$1,024
12 years$2,407$2,130$1,880$1,657$1,458$841
13 years$2,199$1,925$1,680$1,463$1,271$694
14 years$2,021$1,749$1,509$1,299$1,115$575
15 years$1,867$1,598$1,363$1,158$981$478
16 years$1,732$1,466$1,236$1,037$867$398
17 years$1,613$1,350$1,124$932$769$333
18 years$1,508$1,248$1,026$840$684$278
19 years$1,414$1,156$940$759$609$233
20 years$1,329$1,075$862$687$544$196
21 years$1,252$1,001$793$624$487$164
22 years$1,183$934$731$567$437$138
23 years$1,119$874$675$516$392$116
24 years$1,061$819$624$471$352$98
25 years$1,008$768$578$430$317$82
26 years$959$722$536$393$286$69
27 years$914$680$498$360$257$59
28 years$871$640$463$330$232$49
29 years$832$604$431$302$210$42
30 years$796$571$401$278$190$35
31 years$762$539$374$255$171$30
32 years$730$510$349$234$155$25
33 years$700$483$326$215$140$21
34 years$672$458$304$198$127$18
35 years$646$434$285$182$115$15
36 years$621$412$266$168$104$13
37 years$598$392$249$155$94$11
38 years$575$372$233$143$86$9
39 years$554$354$219$132$78$8
40 years$535$337$205$121$70$6
41 years$516$321$192$112$64$5
42 years$498$305$180$103$58$5
43 years$481$291$169$95$53$4
44 years$465$277$159$88$48$3
45 years$449$264$149$81$43$3
46 years$434$252$140$75$39$2
47 years$420$241$132$69$36$2
48 years$407$230$124$64$32$2
49 years$394$219$116$59$29$1
50 years$382$210$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 $391,000, adding $2,859 every year, while hoping to spend $26,367 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: 36/46/18 Blend
29$391,000$391,000$391,000$391,000
30$433,831$413,108$407,048$446,981
31$450,028$405,296$392,629$448,979
32$466,992$396,218$376,844$448,450
33$484,776$385,783$359,619$447,325
34$503,433$373,896$340,877$445,566
35$523,024$360,457$320,536$443,132
36$543,612$345,360$298,514$439,983
37$565,269$328,490$274,722$436,076
38$588,070$309,730$249,069$431,366
39$612,098$288,952$221,458$425,808
40$637,445$266,024$191,790$419,354
41$664,209$240,804$159,960$411,958
42$692,498$213,143$125,858$403,568
43$722,430$182,883$89,371$394,134
44$754,132$149,859$50,380$383,606
45$787,746$113,894$8,759$371,930
46$823,423$74,803$0$359,054
47$861,333$32,389$0$351,773
48$901,658$0$0$345,426
49$944,599$0$0$345,164
50$990,376$0$0$362,392
51$1,039,229$0$0$380,812
52$1,091,421$0$0$400,527
53$1,147,242$0$0$421,650
54$1,207,009$0$0$444,306
55$1,271,068$0$0$468,631
56$1,339,801$0$0$494,777
57$1,413,626$0$0$522,907
58$1,493,002$0$0$553,203
59$1,578,433$0$0$585,863
60$1,670,472$0$0$621,106
61$1,769,726$0$0$659,172
62$1,876,864$0$0$700,324
63$1,992,618$0$0$744,852
64$2,117,795$0$0$793,074
65$2,253,281$0$0$845,340
66$2,400,050$0$0$902,036
67$2,559,172$0$0$963,584
68$2,731,826$0$0$1,030,451
69$2,919,307$0$0$1,103,149
70$3,123,040$0$0$1,182,242
71$3,344,590$0$0$1,268,348
72$3,585,684$0$0$1,362,151
73$3,848,217$0$0$1,464,402
74$4,134,278$0$0$1,575,927
75$4,446,163$0$0$1,697,635
76$4,786,402$0$0$1,830,528
77$5,157,777$0$0$1,975,707
78$5,563,352$0$0$2,134,387
79$6,006,499$0$0$2,307,902
80$6,490,931$0$0$2,497,723
81$7,020,737$0$0$2,705,471
82$7,600,415$0$0$2,932,927
83$8,234,924$0$0$3,182,057
84$8,929,719$0$0$3,455,022
85$9,690,810$0$0$3,754,203
86$10,524,816$0$0$4,082,224
87$11,439,025$0$0$4,441,974
88$12,441,465$0$0$4,836,634
89$13,540,977$0$0$5,269,710
90$14,747,299$0$0$5,745,060
91$16,071,158$0$0$6,266,939
92$17,524,369$0$0$6,840,029
93$19,119,948$0$0$7,469,492
94$20,872,230$0$0$8,161,010
95$22,797,009$0$0$8,920,847
96$24,911,684$0$0$9,755,901
97$27,235,422$0$0$10,673,771
98$29,789,337$0$0$11,682,832
99$32,596,692$0$0$12,792,307
100$35,683,117$0$0$14,012,361