Can I retire at age 30 with 271,000?

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 $271,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$22,379$22,180$21,985$21,795$21,610$21,287
2 years$11,079$10,872$10,672$10,478$10,290$9,966
3 years$7,312$7,105$6,906$6,714$6,529$6,212
4 years$5,430$5,223$5,026$4,837$4,656$4,351
5 years$4,300$4,095$3,900$3,715$3,540$3,246
6 years$3,548$3,344$3,152$2,971$2,801$2,519
7 years$3,010$2,808$2,619$2,443$2,278$2,008
8 years$2,607$2,407$2,221$2,049$1,890$1,632
9 years$2,294$2,096$1,913$1,745$1,591$1,346
10 years$2,044$1,847$1,668$1,505$1,356$1,122
11 years$1,839$1,645$1,468$1,309$1,166$944
12 years$1,669$1,476$1,303$1,149$1,011$800
13 years$1,524$1,334$1,164$1,014$881$682
14 years$1,401$1,213$1,046$900$772$584
15 years$1,294$1,108$945$803$680$502
16 years$1,201$1,016$856$719$601$433
17 years$1,118$936$779$646$533$374
18 years$1,045$865$711$582$474$324
19 years$980$802$651$526$422$282
20 years$921$745$598$476$377$245
21 years$868$694$550$432$338$214
22 years$820$648$507$393$303$186
23 years$776$606$468$358$272$163
24 years$736$568$433$326$244$142
25 years$699$533$401$298$220$125
26 years$665$501$372$273$198$109
27 years$633$471$345$250$178$96
28 years$604$444$321$229$161$84
29 years$577$419$299$210$145$74
30 years$552$395$278$192$131$65
31 years$528$374$259$177$119$57
32 years$506$354$242$162$107$50
33 years$485$335$226$149$97$44
34 years$466$317$211$137$88$38
35 years$448$301$197$126$80$34
36 years$430$286$185$116$72$30
37 years$414$271$173$107$65$26
38 years$399$258$162$99$59$23
39 years$384$245$152$91$54$20
40 years$370$233$142$84$49$18
41 years$357$222$133$78$44$16
42 years$345$212$125$72$40$14
43 years$333$202$117$66$36$12
44 years$322$192$110$61$33$11
45 years$311$183$103$56$30$9
46 years$301$175$97$52$27$8
47 years$291$167$91$48$25$7
48 years$282$159$86$44$23$6
49 years$273$152$81$41$20$6
50 years$265$145$76$38$19$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $271,000, adding $4,908 every year, while hoping to spend $20,579 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: 56/32/12 Blend
29$271,000$271,000$271,000$271,000
30$303,705$289,342$285,141$319,523
31$312,787$281,623$272,797$323,077
32$322,105$272,837$259,351$324,263
33$331,663$262,909$244,742$325,072
34$341,462$251,761$228,910$325,469
35$351,503$239,309$211,790$325,421
36$361,787$225,467$193,316$324,890
37$372,315$210,141$173,418$323,837
38$383,087$193,233$152,023$322,219
39$394,100$174,639$129,054$319,991
40$405,352$154,251$104,431$317,105
41$416,840$131,951$78,072$313,510
42$428,560$107,619$49,890$309,152
43$440,505$81,124$19,793$303,971
44$452,667$52,330$0$297,906
45$465,038$21,093$0$292,469
46$477,606$0$0$288,818
47$490,358$0$0$288,840
48$503,277$0$0$296,379
49$516,346$0$0$303,996
50$529,542$0$0$311,678
51$542,841$0$0$319,409
52$556,214$0$0$327,171
53$569,628$0$0$334,943
54$583,046$0$0$342,701
55$596,425$0$0$350,418
56$609,716$0$0$358,065
57$622,866$0$0$365,606
58$635,812$0$0$373,004
59$648,485$0$0$380,215
60$660,807$0$0$387,190
61$672,691$0$0$393,874
62$684,038$0$0$400,207
63$694,738$0$0$406,120
64$704,669$0$0$411,536
65$713,694$0$0$416,370
66$721,659$0$0$420,528
67$728,395$0$0$423,902
68$733,711$0$0$426,376
69$737,396$0$0$427,819
70$739,216$0$0$428,084
71$738,910$0$0$427,010
72$736,188$0$0$424,417
73$730,728$0$0$420,106
74$722,174$0$0$413,855
75$710,130$0$0$405,421
76$694,158$0$0$394,530
77$673,772$0$0$380,884
78$648,435$0$0$364,147
79$617,549$0$0$343,953
80$580,458$0$0$319,893
81$536,430$0$0$291,515
82$484,659$0$0$258,322
83$424,254$0$0$219,760
84$354,228$0$0$175,220
85$273,489$0$0$124,029
86$180,834$0$0$65,440
87$74,931$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$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