Can I retire at age 30 with 278,000?

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 $278,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.2%
1 years$22,957$22,752$22,553$22,358$22,168$21,964
2 years$11,365$11,153$10,948$10,749$10,556$10,351
3 years$7,501$7,289$7,084$6,887$6,697$6,497
4 years$5,570$5,358$5,155$4,962$4,777$4,582
5 years$4,411$4,201$4,001$3,811$3,631$3,444
6 years$3,639$3,430$3,233$3,048$2,873$2,693
7 years$3,088$2,881$2,687$2,506$2,337$2,164
8 years$2,675$2,469$2,279$2,102$1,938$1,773
9 years$2,353$2,150$1,963$1,790$1,632$1,474
10 years$2,097$1,895$1,711$1,543$1,391$1,240
11 years$1,887$1,687$1,506$1,343$1,196$1,052
12 years$1,712$1,514$1,337$1,178$1,037$899
13 years$1,564$1,368$1,194$1,040$904$773
14 years$1,437$1,244$1,073$923$792$668
15 years$1,327$1,136$969$823$698$580
16 years$1,232$1,043$878$737$617$505
17 years$1,147$960$799$662$547$441
18 years$1,072$887$730$597$486$386
19 years$1,005$822$668$539$433$339
20 years$945$764$613$489$387$298
21 years$890$712$564$443$346$262
22 years$841$664$520$403$310$231
23 years$796$621$480$367$279$204
24 years$755$582$444$335$250$181
25 years$717$546$411$306$225$160
26 years$682$513$381$280$203$141
27 years$650$483$354$256$183$125
28 years$620$455$329$235$165$111
29 years$592$430$306$215$149$99
30 years$566$406$285$197$135$88
31 years$542$384$266$181$122$78
32 years$519$363$248$167$110$69
33 years$498$344$232$153$100$61
34 years$478$326$216$141$90$55
35 years$459$309$202$130$82$49
36 years$442$293$189$119$74$43
37 years$425$278$177$110$67$38
38 years$409$265$166$101$61$34
39 years$394$252$155$94$55$30
40 years$380$239$146$86$50$27
41 years$367$228$137$80$45$24
42 years$354$217$128$73$41$21
43 years$342$207$120$68$37$19
44 years$330$197$113$63$34$17
45 years$319$188$106$58$31$15
46 years$309$179$100$53$28$14
47 years$299$171$94$49$25$12
48 years$289$163$88$46$23$11
49 years$280$156$83$42$21$10
50 years$271$149$78$39$19$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $278,000, adding $5,770 every year, while hoping to spend $20,846 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: 40/49/11 Blend
29$278,000$278,000$278,000$278,000
30$312,308$297,574$293,265$323,553
31$321,983$289,975$280,909$324,435
32$331,947$281,305$267,441$322,887
33$342,206$271,490$252,801$320,749
34$352,768$260,450$236,927$317,977
35$363,641$248,102$219,755$314,523
36$374,832$234,359$201,216$310,338
37$386,349$219,126$181,240$305,370
38$398,198$202,306$159,754$299,562
39$410,389$183,793$136,680$292,856
40$422,927$163,477$111,937$285,189
41$435,821$141,242$85,442$276,495
42$449,077$116,966$57,107$266,703
43$462,702$90,517$26,839$255,741
44$476,703$61,758$0$243,528
45$491,087$30,544$0$230,624
46$505,860$0$0$219,702
47$521,027$0$0$209,297
48$536,593$0$0$215,516
49$552,564$0$0$221,894
50$568,942$0$0$228,431
51$585,731$0$0$235,128
52$602,934$0$0$241,984
53$620,552$0$0$249,001
54$638,584$0$0$256,176
55$657,030$0$0$263,510
56$675,886$0$0$270,999
57$695,149$0$0$278,642
58$714,812$0$0$286,434
59$734,866$0$0$294,371
60$755,300$0$0$302,448
61$776,102$0$0$310,657
62$797,254$0$0$318,990
63$818,736$0$0$327,437
64$840,524$0$0$335,988
65$862,590$0$0$344,627
66$884,902$0$0$353,341
67$907,421$0$0$362,110
68$930,102$0$0$370,915
69$952,897$0$0$379,732
70$975,745$0$0$388,534
71$998,583$0$0$397,291
72$1,021,334$0$0$405,969
73$1,043,914$0$0$414,529
74$1,066,227$0$0$422,927
75$1,088,165$0$0$431,115
76$1,109,605$0$0$439,036
77$1,130,412$0$0$446,630
78$1,150,431$0$0$453,828
79$1,169,491$0$0$460,551
80$1,187,398$0$0$466,713
81$1,203,939$0$0$472,219
82$1,218,873$0$0$476,960
83$1,231,933$0$0$480,816
84$1,242,819$0$0$483,655
85$1,251,201$0$0$485,328
86$1,256,708$0$0$485,670
87$1,258,931$0$0$484,499
88$1,257,413$0$0$481,611
89$1,251,646$0$0$476,781
90$1,241,070$0$0$469,758
91$1,225,061$0$0$460,266
92$1,202,927$0$0$447,997
93$1,173,902$0$0$432,612
94$1,137,137$0$0$413,733
95$1,091,692$0$0$390,944
96$1,036,526$0$0$363,784
97$970,488$0$0$331,741
98$892,304$0$0$294,252
99$800,564$0$0$250,692
100$693,710$0$0$200,372