Can I retire at age 30 with 288,000?

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 $288,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.8%
1 years$23,783$23,571$23,364$23,163$22,966$22,697
2 years$11,774$11,554$11,342$11,136$10,936$10,666
3 years$7,771$7,551$7,339$7,135$6,938$6,675
4 years$5,770$5,551$5,341$5,140$4,948$4,694
5 years$4,570$4,352$4,145$3,948$3,762$3,516
6 years$3,770$3,554$3,350$3,157$2,977$2,741
7 years$3,199$2,984$2,783$2,596$2,421$2,195
8 years$2,771$2,558$2,361$2,178$2,008$1,792
9 years$2,438$2,227$2,033$1,855$1,691$1,485
10 years$2,172$1,963$1,773$1,599$1,441$1,244
11 years$1,954$1,748$1,561$1,392$1,239$1,052
12 years$1,773$1,569$1,385$1,221$1,074$896
13 years$1,620$1,418$1,237$1,078$937$767
14 years$1,489$1,289$1,112$957$821$660
15 years$1,375$1,177$1,004$853$723$571
16 years$1,276$1,080$910$764$639$495
17 years$1,188$995$828$686$566$430
18 years$1,111$919$756$618$504$375
19 years$1,041$852$692$559$449$328
20 years$979$792$635$506$401$287
21 years$922$737$584$459$359$252
22 years$871$688$538$418$322$221
23 years$825$644$497$380$289$194
24 years$782$603$460$347$260$171
25 years$743$566$426$317$234$150
26 years$706$532$395$290$210$133
27 years$673$501$367$265$190$117
28 years$642$472$341$243$171$103
29 years$613$445$317$223$155$91
30 years$586$420$296$204$140$80
31 years$561$397$276$188$126$71
32 years$538$376$257$173$114$63
33 years$516$356$240$159$103$56
34 years$495$337$224$146$94$49
35 years$476$320$210$134$85$44
36 years$457$304$196$124$77$39
37 years$440$288$184$114$70$34
38 years$424$274$172$105$63$30
39 years$408$261$161$97$57$27
40 years$394$248$151$89$52$24
41 years$380$236$142$82$47$21
42 years$367$225$133$76$43$19
43 years$354$214$125$70$39$16
44 years$342$204$117$65$35$15
45 years$331$195$110$60$32$13
46 years$320$186$103$55$29$11
47 years$310$177$97$51$26$10
48 years$300$169$91$47$24$9
49 years$290$162$86$44$22$8
50 years$281$154$80$40$20$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $288,000, adding $2,669 every year, while hoping to spend $21,692 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: 57/34/9 Blend
29$288,000$288,000$288,000$288,000
30$320,129$304,865$300,401$337,547
31$329,702$296,723$287,384$341,455
32$339,525$287,456$273,205$343,058
33$349,599$276,984$257,800$344,276
34$359,928$265,225$241,106$345,078
35$370,512$252,093$223,054$345,425
36$381,352$237,494$203,575$345,280
37$392,450$221,331$182,594$344,600
38$403,803$203,500$160,035$343,342
39$415,411$183,891$135,816$341,458
40$427,272$162,391$109,855$338,897
41$439,381$138,876$82,062$335,606
42$451,735$113,217$52,348$331,528
43$464,325$85,278$20,615$326,600
44$477,145$54,915$0$320,757
45$490,184$21,977$0$315,201
46$503,432$0$0$310,781
47$516,872$0$0$310,571
48$530,490$0$0$318,681
49$544,265$0$0$326,875
50$558,174$0$0$335,140
51$572,191$0$0$343,457
52$586,287$0$0$351,808
53$600,425$0$0$360,171
54$614,567$0$0$368,519
55$628,669$0$0$376,825
56$642,678$0$0$385,056
57$656,537$0$0$393,174
58$670,182$0$0$401,140
59$683,539$0$0$408,905
60$696,525$0$0$416,418
61$709,049$0$0$423,620
62$721,007$0$0$430,446
63$732,284$0$0$436,822
64$742,749$0$0$442,667
65$752,258$0$0$447,888
66$760,651$0$0$452,383
67$767,747$0$0$456,040
68$773,346$0$0$458,731
69$777,226$0$0$460,317
70$779,139$0$0$460,640
71$778,811$0$0$459,527
72$775,935$0$0$456,786
73$770,173$0$0$452,203
74$761,148$0$0$445,540
75$748,445$0$0$436,534
76$731,599$0$0$424,895
77$710,101$0$0$410,299
78$683,381$0$0$392,389
79$650,813$0$0$370,770
80$611,701$0$0$345,005
81$565,277$0$0$314,608
82$510,690$0$0$279,045
83$446,999$0$0$237,723
84$373,164$0$0$189,989
85$288,037$0$0$135,118
86$190,346$0$0$72,311
87$78,687$0$0$686
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