Can I retire at age 30 with 395,000?

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 $395,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$32,619$32,328$32,045$31,768$31,498$31,143
2 years$16,148$15,847$15,556$15,273$14,999$14,642
3 years$10,658$10,356$10,066$9,786$9,516$9,167
4 years$7,914$7,613$7,325$7,050$6,787$6,450
5 years$6,268$5,969$5,685$5,415$5,159$4,835
6 years$5,171$4,874$4,594$4,330$4,082$3,770
7 years$4,388$4,093$3,818$3,560$3,320$3,021
8 years$3,800$3,509$3,238$2,987$2,754$2,468
9 years$3,344$3,055$2,789$2,544$2,320$2,046
10 years$2,979$2,693$2,431$2,193$1,976$1,716
11 years$2,681$2,397$2,140$1,909$1,700$1,451
12 years$2,432$2,152$1,900$1,674$1,473$1,237
13 years$2,222$1,944$1,697$1,478$1,284$1,060
14 years$2,042$1,767$1,525$1,312$1,126$913
15 years$1,886$1,615$1,377$1,170$991$789
16 years$1,750$1,481$1,248$1,048$876$685
17 years$1,630$1,364$1,136$941$777$596
18 years$1,523$1,261$1,037$848$691$520
19 years$1,428$1,168$949$766$616$455
20 years$1,342$1,086$871$694$550$398
21 years$1,265$1,011$801$630$492$350
22 years$1,195$944$738$573$441$307
23 years$1,131$883$682$522$396$270
24 years$1,072$827$631$476$356$238
25 years$1,018$776$584$435$320$210
26 years$969$730$542$397$288$185
27 years$923$687$503$364$260$163
28 years$880$647$468$333$235$144
29 years$841$610$435$306$212$127
30 years$804$576$405$280$191$113
31 years$770$545$378$258$173$100
32 years$738$516$353$237$157$88
33 years$707$488$329$218$142$78
34 years$679$463$308$200$128$69
35 years$652$439$288$184$116$61
36 years$627$417$269$170$105$54
37 years$604$396$252$156$95$48
38 years$581$376$236$144$87$43
39 years$560$358$221$133$78$38
40 years$540$340$207$123$71$33
41 years$521$324$194$113$65$30
42 years$503$308$182$104$59$26
43 years$486$294$171$96$53$23
44 years$469$280$160$89$48$21
45 years$454$267$151$82$44$18
46 years$439$255$141$76$40$16
47 years$425$243$133$70$36$14
48 years$411$232$125$65$33$13
49 years$398$222$117$60$30$11
50 years$386$212$110$55$27$10

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $395,000, adding $6,667 every year, while hoping to spend $29,707 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: 38/46/16 Blend
29$395,000$395,000$395,000$395,000
30$442,167$421,232$415,110$456,607
31$455,660$410,264$397,408$456,603
32$469,534$397,764$378,117$453,258
33$483,795$383,623$357,153$449,009
34$498,453$367,731$334,428$443,790
35$513,512$349,967$309,849$437,533
36$528,980$330,205$283,318$430,163
37$544,864$308,313$254,737$421,602
38$561,168$284,148$223,999$411,766
39$577,898$257,563$190,994$400,568
40$595,058$228,398$155,607$387,914
41$612,653$196,488$117,719$373,707
42$630,685$161,657$77,203$357,842
43$649,155$123,719$33,930$340,207
44$668,065$82,478$0$320,688
45$687,414$37,725$0$301,249
46$707,199$0$0$285,988
47$727,417$0$0$274,437
48$748,062$0$0$282,132
49$769,125$0$0$289,972
50$790,597$0$0$297,952
51$812,465$0$0$306,066
52$834,711$0$0$314,306
53$857,317$0$0$322,663
54$880,259$0$0$331,125
55$903,509$0$0$339,680
56$927,035$0$0$348,313
57$950,798$0$0$357,008
58$974,756$0$0$365,744
59$998,856$0$0$374,499
60$1,023,042$0$0$383,249
61$1,047,248$0$0$391,962
62$1,071,398$0$0$400,608
63$1,095,408$0$0$409,149
64$1,119,180$0$0$417,542
65$1,142,606$0$0$425,742
66$1,165,564$0$0$433,694
67$1,187,915$0$0$441,341
68$1,209,506$0$0$448,615
69$1,230,162$0$0$455,441
70$1,249,689$0$0$461,738
71$1,267,871$0$0$467,412
72$1,284,465$0$0$472,360
73$1,299,200$0$0$476,466
74$1,311,776$0$0$479,604
75$1,321,856$0$0$481,629
76$1,329,067$0$0$482,383
77$1,332,994$0$0$481,691
78$1,333,174$0$0$479,356
79$1,329,096$0$0$475,163
80$1,320,190$0$0$468,869
81$1,305,824$0$0$460,208
82$1,285,299$0$0$448,884
83$1,257,838$0$0$434,570
84$1,222,582$0$0$416,903
85$1,178,577$0$0$395,481
86$1,124,769$0$0$369,860
87$1,059,992$0$0$339,547
88$982,952$0$0$304,000
89$892,223$0$0$262,616
90$786,222$0$0$214,730
91$663,204$0$0$159,608
92$521,237$0$0$96,437
93$358,186$0$0$24,320
94$171,693$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