Can I retire at age 30 with 287,000?

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 $287,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$23,700$23,489$23,283$23,082$22,886$22,647
2 years$11,733$11,514$11,302$11,097$10,898$10,657
3 years$7,744$7,525$7,313$7,110$6,914$6,679
4 years$5,750$5,531$5,322$5,122$4,931$4,704
5 years$4,554$4,337$4,130$3,934$3,749$3,530
6 years$3,757$3,541$3,338$3,146$2,966$2,756
7 years$3,188$2,974$2,774$2,587$2,412$2,210
8 years$2,761$2,549$2,352$2,170$2,001$1,808
9 years$2,430$2,220$2,026$1,848$1,685$1,501
10 years$2,164$1,956$1,766$1,593$1,436$1,260
11 years$1,948$1,742$1,555$1,387$1,235$1,067
12 years$1,767$1,563$1,380$1,216$1,070$910
13 years$1,614$1,413$1,233$1,074$933$781
14 years$1,484$1,284$1,108$953$818$674
15 years$1,370$1,173$1,000$850$720$583
16 years$1,272$1,076$907$761$637$507
17 years$1,184$991$825$684$564$442
18 years$1,107$916$753$616$502$386
19 years$1,038$849$690$557$447$338
20 years$975$789$633$504$400$297
21 years$919$735$582$458$358$261
22 years$868$686$537$416$321$229
23 years$822$641$495$379$288$202
24 years$779$601$458$346$259$178
25 years$740$564$424$316$233$157
26 years$704$530$394$289$210$139
27 years$671$499$365$264$189$123
28 years$640$470$340$242$171$109
29 years$611$443$316$222$154$96
30 years$584$419$295$204$139$85
31 years$559$396$275$187$126$75
32 years$536$375$256$172$114$67
33 years$514$355$239$158$103$59
34 years$493$336$223$146$93$53
35 years$474$319$209$134$84$47
36 years$456$303$195$123$77$41
37 years$439$287$183$114$69$37
38 years$422$273$171$105$63$33
39 years$407$260$161$97$57$29
40 years$392$247$150$89$52$26
41 years$379$235$141$82$47$23
42 years$365$224$132$76$43$20
43 years$353$214$124$70$39$18
44 years$341$204$117$65$35$16
45 years$330$194$109$60$32$14
46 years$319$185$103$55$29$13
47 years$309$177$97$51$26$11
48 years$299$169$91$47$24$10
49 years$289$161$85$44$22$9
50 years$280$154$80$40$20$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $287,000, adding $2,702 every year, while hoping to spend $21,767 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: 61/10/29 Blend
29$287,000$287,000$287,000$287,000
30$319,061$303,850$299,402$335,874
31$328,445$295,579$286,272$339,373
32$338,057$286,173$271,972$340,618
33$347,897$275,553$256,441$341,522
34$357,965$263,637$239,614$342,055
35$368,258$250,337$221,422$342,189
36$378,776$235,558$201,795$341,890
37$389,514$219,204$180,659$341,123
38$400,469$201,169$157,935$339,853
39$411,635$181,345$133,544$338,038
40$423,005$159,614$107,401$335,638
41$434,570$135,854$79,418$332,607
42$446,321$109,935$49,502$328,897
43$458,243$81,719$17,558$324,457
44$470,323$51,063$0$319,231
45$482,544$17,812$0$318,275
46$494,884$0$0$322,543
47$507,322$0$0$328,563
48$519,830$0$0$336,579
49$532,378$0$0$344,609
50$544,931$0$0$352,629
51$557,450$0$0$360,613
52$569,888$0$0$368,530
53$582,196$0$0$376,345
54$594,317$0$0$384,019
55$606,184$0$0$391,509
56$617,726$0$0$398,765
57$628,862$0$0$405,731
58$639,500$0$0$412,346
59$649,537$0$0$418,541
60$658,859$0$0$424,237
61$667,339$0$0$429,350
62$674,834$0$0$433,782
63$681,185$0$0$437,426
64$686,216$0$0$440,163
65$689,730$0$0$441,860
66$691,508$0$0$442,369
67$691,308$0$0$441,526
68$688,859$0$0$439,149
69$683,862$0$0$435,037
70$675,985$0$0$428,965
71$664,859$0$0$420,684
72$650,075$0$0$409,919
73$631,182$0$0$396,366
74$607,677$0$0$379,686
75$579,007$0$0$359,506
76$544,557$0$0$335,412
77$503,648$0$0$306,946
78$455,527$0$0$273,603
79$399,364$0$0$234,822
80$334,240$0$0$189,984
81$259,138$0$0$138,406
82$172,937$0$0$79,333
83$74,395$0$0$11,928
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$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