Can I retire at age 30 with 288,000?

Use the below retirement simulation to view the chances of a successful retirement.
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%14.8%
1 years$23,783$23,571$23,364$23,163$22,966$22,511
2 years$11,774$11,554$11,342$11,136$10,936$10,480
3 years$7,771$7,551$7,339$7,135$6,938$6,495
4 years$5,770$5,551$5,341$5,140$4,948$4,521
5 years$4,570$4,352$4,145$3,948$3,762$3,352
6 years$3,770$3,554$3,350$3,157$2,977$2,585
7 years$3,199$2,984$2,783$2,596$2,421$2,047
8 years$2,771$2,558$2,361$2,178$2,008$1,652
9 years$2,438$2,227$2,033$1,855$1,691$1,353
10 years$2,172$1,963$1,773$1,599$1,441$1,120
11 years$1,954$1,748$1,561$1,392$1,239$935
12 years$1,773$1,569$1,385$1,221$1,074$786
13 years$1,620$1,418$1,237$1,078$937$664
14 years$1,489$1,289$1,112$957$821$564
15 years$1,375$1,177$1,004$853$723$481
16 years$1,276$1,080$910$764$639$411
17 years$1,188$995$828$686$566$353
18 years$1,111$919$756$618$504$303
19 years$1,041$852$692$559$449$261
20 years$979$792$635$506$401$225
21 years$922$737$584$459$359$194
22 years$871$688$538$418$322$168
23 years$825$644$497$380$289$145
24 years$782$603$460$347$260$126
25 years$743$566$426$317$234$109
26 years$706$532$395$290$210$95
27 years$673$501$367$265$190$82
28 years$642$472$341$243$171$71
29 years$613$445$317$223$155$62
30 years$586$420$296$204$140$54
31 years$561$397$276$188$126$47
32 years$538$376$257$173$114$41
33 years$516$356$240$159$103$35
34 years$495$337$224$146$94$31
35 years$476$320$210$134$85$27
36 years$457$304$196$124$77$23
37 years$440$288$184$114$70$20
38 years$424$274$172$105$63$18
39 years$408$261$161$97$57$15
40 years$394$248$151$89$52$13
41 years$380$236$142$82$47$12
42 years$367$225$133$76$43$10
43 years$354$214$125$70$39$9
44 years$342$204$117$65$35$8
45 years$331$195$110$60$32$7
46 years$320$186$103$55$29$6
47 years$310$177$97$51$26$5
48 years$300$169$91$47$24$4
49 years$290$162$86$44$22$4
50 years$281$154$80$40$20$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $288,000, adding $3,973 every year, while hoping to spend $21,737 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: 50/22/28 Blend
29$288,000$288,000$288,000$288,000
30$321,474$306,210$301,746$334,827
31$331,137$298,086$288,727$336,446
32$341,056$288,836$274,542$335,724
33$351,236$278,381$259,132$334,514
34$361,678$266,639$242,429$332,780
35$372,387$253,521$224,368$330,484
36$383,363$238,936$204,877$327,584
37$394,608$222,786$183,882$324,038
38$406,122$204,967$161,306$319,799
39$417,905$185,369$137,069$314,820
40$429,957$163,878$111,086$309,048
41$442,275$140,370$83,270$302,429
42$454,856$114,717$53,528$294,905
43$467,695$86,782$21,766$286,414
44$480,787$56,421$0$276,891
45$494,124$23,483$0$269,891
46$507,697$0$0$268,890
47$521,494$0$0$270,287
48$535,502$0$0$277,468
49$549,705$0$0$284,739
50$564,083$0$0$292,090
51$578,614$0$0$299,507
52$593,272$0$0$306,975
53$608,028$0$0$314,479
54$622,849$0$0$321,997
55$637,694$0$0$329,509
56$652,519$0$0$336,990
57$667,275$0$0$344,410
58$681,905$0$0$351,738
59$696,343$0$0$358,938
60$710,518$0$0$365,969
61$724,348$0$0$372,785
62$737,741$0$0$379,336
63$750,596$0$0$385,563
64$762,795$0$0$391,402
65$774,212$0$0$396,782
66$784,702$0$0$401,624
67$794,105$0$0$405,836
68$802,242$0$0$409,320
69$808,914$0$0$411,966
70$813,899$0$0$413,650
71$816,950$0$0$414,235
72$817,794$0$0$413,568
73$816,125$0$0$411,482
74$811,606$0$0$407,789
75$803,861$0$0$402,280
76$792,475$0$0$394,726
77$776,986$0$0$384,871
78$756,884$0$0$372,432
79$731,600$0$0$357,096
80$700,510$0$0$338,516
81$662,919$0$0$316,308
82$618,058$0$0$290,047
83$565,079$0$0$259,265
84$503,041$0$0$223,441
85$430,905$0$0$182,001
86$347,523$0$0$134,312
87$251,625$0$0$79,671
88$141,807$0$0$17,304
89$16,521$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