Can I retire at age 30 with 283,000?

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 $283,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$23,370$23,162$22,959$22,760$22,567$21,723
2 years$11,569$11,354$11,145$10,942$10,746$9,906
3 years$7,636$7,420$7,212$7,011$6,818$6,007
4 years$5,670$5,454$5,248$5,051$4,862$4,088
5 years$4,491$4,276$4,073$3,880$3,696$2,960
6 years$3,705$3,492$3,291$3,103$2,925$2,227
7 years$3,144$2,932$2,735$2,551$2,379$1,719
8 years$2,723$2,514$2,320$2,140$1,973$1,351
9 years$2,396$2,189$1,998$1,823$1,662$1,076
10 years$2,134$1,929$1,742$1,571$1,416$866
11 years$1,920$1,717$1,533$1,367$1,218$703
12 years$1,742$1,541$1,361$1,199$1,055$573
13 years$1,592$1,393$1,216$1,059$920$470
14 years$1,463$1,266$1,092$940$807$387
15 years$1,351$1,157$986$838$710$320
16 years$1,254$1,061$894$751$628$265
17 years$1,168$977$814$674$557$220
18 years$1,091$903$743$608$495$183
19 years$1,023$837$680$549$441$152
20 years$962$778$624$497$394$127
21 years$906$725$574$451$353$106
22 years$856$676$529$410$316$88
23 years$810$633$489$374$284$74
24 years$768$593$452$341$255$62
25 years$730$556$418$311$229$51
26 years$694$523$388$285$207$43
27 years$661$492$360$261$186$36
28 years$631$464$335$239$168$30
29 years$602$437$312$219$152$25
30 years$576$413$290$201$137$21
31 years$551$390$271$185$124$18
32 years$528$369$253$170$112$15
33 years$507$350$236$156$102$12
34 years$487$332$220$143$92$10
35 years$467$314$206$132$83$9
36 years$449$298$193$122$75$7
37 years$433$283$180$112$68$6
38 years$416$269$169$103$62$5
39 years$401$256$158$95$56$4
40 years$387$244$148$88$51$4
41 years$373$232$139$81$46$3
42 years$360$221$130$75$42$3
43 years$348$211$122$69$38$2
44 years$336$201$115$64$35$2
45 years$325$191$108$59$31$1
46 years$314$183$101$54$29$1
47 years$304$174$95$50$26$1
48 years$295$166$89$46$24$1
49 years$285$159$84$43$21$1
50 years$276$152$79$40$19$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $283,000, adding $6,303 every year, while hoping to spend $21,125 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: 50/43/7 Blend
29$283,000$283,000$283,000$283,000
30$318,368$303,369$298,982$333,407
31$328,364$295,757$286,521$336,737
32$338,672$287,064$272,935$337,565
33$349,302$277,215$258,163$337,965
34$360,262$266,130$242,143$337,901
35$371,563$253,725$224,809$337,336
36$383,216$239,910$206,093$336,231
37$395,230$224,592$185,923$334,544
38$407,617$207,670$164,225$332,230
39$420,387$189,040$140,920$329,242
40$433,553$168,589$115,927$325,531
41$447,125$146,200$89,161$321,044
42$461,117$121,748$60,533$315,724
43$475,540$95,103$29,949$309,514
44$490,406$66,125$0$302,350
45$505,730$34,667$0$294,366
46$521,523$574$0$287,692
47$537,800$0$0$280,023
48$554,574$0$0$288,472
49$571,860$0$0$297,458
50$589,672$0$0$306,716
51$608,024$0$0$316,255
52$626,931$0$0$326,082
53$646,409$0$0$336,205
54$666,473$0$0$346,631
55$687,138$0$0$357,369
56$708,421$0$0$368,426
57$730,337$0$0$379,812
58$752,903$0$0$391,534
59$776,135$0$0$403,600
60$800,050$0$0$416,020
61$824,663$0$0$428,800
62$849,992$0$0$441,950
63$876,052$0$0$455,478
64$902,860$0$0$469,392
65$930,433$0$0$483,699
66$958,786$0$0$498,409
67$987,934$0$0$513,529
68$1,017,893$0$0$529,065
69$1,048,677$0$0$545,026
70$1,080,300$0$0$561,417
71$1,112,776$0$0$578,246
72$1,146,116$0$0$595,517
73$1,180,332$0$0$613,236
74$1,215,433$0$0$631,407
75$1,251,428$0$0$650,034
76$1,288,322$0$0$669,118
77$1,326,122$0$0$688,662
78$1,364,828$0$0$708,666
79$1,404,441$0$0$729,127
80$1,444,956$0$0$750,042
81$1,486,369$0$0$771,407
82$1,528,667$0$0$793,214
83$1,571,836$0$0$815,455
84$1,615,856$0$0$838,115
85$1,660,704$0$0$861,181
86$1,706,346$0$0$884,633
87$1,752,746$0$0$908,449
88$1,799,857$0$0$932,602
89$1,847,627$0$0$957,061
90$1,895,991$0$0$981,789
91$1,944,875$0$0$1,006,742
92$1,994,193$0$0$1,031,873
93$2,043,846$0$0$1,057,124
94$2,093,721$0$0$1,082,430
95$2,143,687$0$0$1,107,718
96$2,193,596$0$0$1,132,904
97$2,243,281$0$0$1,157,894
98$2,292,550$0$0$1,182,579
99$2,341,190$0$0$1,206,840
100$2,388,956$0$0$1,230,540