Can I retire at age 30 with 396,000?

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 $396,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$32,701$32,410$32,126$31,848$31,578$30,991
2 years$16,189$15,887$15,595$15,312$15,037$14,448
3 years$10,685$10,383$10,091$9,810$9,540$8,967
4 years$7,934$7,632$7,344$7,068$6,804$6,252
5 years$6,284$5,984$5,699$5,429$5,172$4,642
6 years$5,184$4,886$4,606$4,341$4,093$3,585
7 years$4,399$4,103$3,827$3,569$3,328$2,844
8 years$3,810$3,517$3,246$2,994$2,761$2,299
9 years$3,352$3,063$2,796$2,550$2,325$1,886
10 years$2,986$2,699$2,437$2,198$1,981$1,564
11 years$2,687$2,403$2,146$1,913$1,704$1,308
12 years$2,438$2,157$1,904$1,678$1,477$1,102
13 years$2,228$1,949$1,701$1,482$1,288$933
14 years$2,047$1,772$1,529$1,315$1,129$794
15 years$1,891$1,619$1,380$1,173$994$679
16 years$1,754$1,485$1,251$1,050$878$582
17 years$1,634$1,368$1,139$944$779$500
18 years$1,527$1,264$1,039$850$693$430
19 years$1,432$1,171$952$768$617$371
20 years$1,346$1,088$873$696$551$321
21 years$1,268$1,014$803$632$493$278
22 years$1,198$946$740$574$442$241
23 years$1,134$885$684$523$397$209
24 years$1,075$829$632$477$357$181
25 years$1,021$778$586$436$321$158
26 years$971$731$543$398$289$137
27 years$925$688$504$365$261$119
28 years$883$649$469$334$235$104
29 years$843$612$436$306$212$90
30 years$806$578$406$281$192$79
31 years$772$546$379$258$174$69
32 years$739$517$353$237$157$60
33 years$709$490$330$218$142$52
34 years$681$464$308$201$129$45
35 years$654$440$288$185$117$40
36 years$629$418$270$170$106$35
37 years$605$397$252$157$96$30
38 years$583$377$236$145$87$26
39 years$562$358$221$133$79$23
40 years$541$341$208$123$71$20
41 years$522$325$195$113$65$18
42 years$504$309$183$105$59$15
43 years$487$295$171$97$53$13
44 years$471$281$161$89$48$12
45 years$455$268$151$82$44$10
46 years$440$255$142$76$40$9
47 years$426$244$133$70$36$8
48 years$412$233$125$65$33$7
49 years$399$222$118$60$30$6
50 years$387$212$111$56$27$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $396,000, adding $6,695 every year, while hoping to spend $26,687 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: 79/6/15 Blend
29$396,000$396,000$396,000$396,000
30$443,298$422,310$416,172$476,412
31$460,120$414,608$401,719$491,457
32$477,763$405,635$385,887$503,877
33$496,282$395,299$368,603$516,751
34$515,740$383,505$349,787$530,116
35$536,200$370,152$329,360$544,008
36$557,735$355,132$307,236$558,470
37$580,422$338,331$283,326$573,549
38$604,345$319,630$257,538$589,297
39$629,597$298,901$229,775$605,771
40$656,279$276,010$199,935$623,034
41$684,500$250,815$167,913$641,158
42$714,380$223,165$133,599$660,219
43$746,049$192,903$96,878$680,303
44$779,651$159,860$57,628$701,507
45$815,342$123,860$15,725$723,935
46$853,293$84,715$0$747,705
47$893,690$42,227$0$777,586
48$936,739$0$0$812,068
49$982,663$0$0$849,064
50$1,031,708$0$0$891,560
51$1,084,144$0$0$937,001
52$1,140,264$0$0$985,643
53$1,200,394$0$0$1,037,769
54$1,264,887$0$0$1,093,686
55$1,334,134$0$0$1,153,734
56$1,408,560$0$0$1,218,285
57$1,488,636$0$0$1,287,746
58$1,574,876$0$0$1,362,566
59$1,667,847$0$0$1,443,237
60$1,768,169$0$0$1,530,299
61$1,876,525$0$0$1,624,347
62$1,993,665$0$0$1,726,034
63$2,120,415$0$0$1,836,076
64$2,257,679$0$0$1,955,264
65$2,406,456$0$0$2,084,464
66$2,567,841$0$0$2,224,630
67$2,743,038$0$0$2,376,811
68$2,933,374$0$0$2,542,160
69$3,140,307$0$0$2,721,946
70$3,365,440$0$0$2,917,566
71$3,610,538$0$0$3,130,556
72$3,877,544$0$0$3,362,606
73$4,168,594$0$0$3,615,576
74$4,486,041$0$0$3,891,513
75$4,832,474$0$0$4,192,671
76$5,210,742$0$0$4,521,530
77$5,623,981$0$0$4,880,821
78$6,075,646$0$0$5,273,550
79$6,569,539$0$0$5,703,025
80$7,109,845$0$0$6,172,892
81$7,701,174$0$0$6,687,162
82$8,348,602$0$0$7,250,254
83$9,057,717$0$0$7,867,033
84$9,834,675$0$0$8,542,856
85$10,686,255$0$0$9,283,625
86$11,619,922$0$0$10,095,839
87$12,643,898$0$0$10,986,655
88$13,767,240$0$0$11,963,957
89$14,999,924$0$0$13,036,428
90$16,352,936$0$0$14,213,635
91$17,838,382$0$0$15,506,112
92$19,469,592$0$0$16,925,467
93$21,261,254$0$0$18,484,484
94$23,229,547$0$0$20,197,249
95$25,392,295$0$0$22,079,277
96$27,769,133$0$0$24,147,662
97$30,381,693$0$0$26,421,236
98$33,253,808$0$0$28,920,746
99$36,411,734$0$0$31,669,048
100$39,884,399$0$0$34,691,327