Can I retire at age 30 with 291,000?

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 $291,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.3%
1 years$24,031$23,816$23,608$23,404$23,205$22,516
2 years$11,896$11,675$11,460$11,252$11,050$10,362
3 years$7,852$7,630$7,415$7,209$7,010$6,344
4 years$5,830$5,609$5,397$5,194$5,000$4,361
5 years$4,618$4,397$4,188$3,989$3,801$3,191
6 years$3,809$3,591$3,384$3,190$3,008$2,427
7 years$3,232$3,015$2,812$2,623$2,446$1,895
8 years$2,800$2,585$2,385$2,200$2,029$1,507
9 years$2,463$2,250$2,054$1,874$1,709$1,216
10 years$2,195$1,984$1,791$1,616$1,456$991
11 years$1,975$1,766$1,577$1,406$1,252$814
12 years$1,792$1,585$1,399$1,233$1,085$673
13 years$1,637$1,432$1,250$1,089$946$560
14 years$1,504$1,302$1,123$967$829$467
15 years$1,390$1,189$1,014$862$730$391
16 years$1,289$1,091$920$772$645$329
17 years$1,201$1,005$837$693$572$277
18 years$1,122$929$764$625$509$234
19 years$1,052$861$699$565$454$197
20 years$989$800$642$511$405$167
21 years$932$745$590$464$363$142
22 years$880$695$544$422$325$120
23 years$833$650$502$384$292$102
24 years$790$609$465$351$262$86
25 years$750$572$430$320$236$73
26 years$714$537$399$293$213$62
27 years$680$506$371$268$192$53
28 years$649$477$344$245$173$45
29 years$619$450$321$225$156$38
30 years$592$425$299$207$141$33
31 years$567$401$278$190$128$28
32 years$543$380$260$174$115$24
33 years$521$360$243$160$104$20
34 years$500$341$227$148$95$17
35 years$481$323$212$136$86$15
36 years$462$307$198$125$78$13
37 years$445$292$185$115$70$11
38 years$428$277$174$106$64$9
39 years$413$263$163$98$58$8
40 years$398$251$153$90$52$7
41 years$384$239$143$83$48$6
42 years$370$227$134$77$43$5
43 years$358$216$126$71$39$4
44 years$346$206$118$66$36$3
45 years$334$197$111$61$32$3
46 years$323$188$104$56$29$3
47 years$313$179$98$52$27$2
48 years$303$171$92$48$24$2
49 years$293$163$86$44$22$2
50 years$284$156$81$41$20$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $291,000, adding $6,165 every year, while hoping to spend $20,335 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: 73/8/19 Blend
29$291,000$291,000$291,000$291,000
30$327,041$311,618$307,108$349,009
31$338,763$305,251$295,760$358,048
32$350,999$297,891$283,350$364,895
33$363,780$289,466$269,821$371,873
34$377,140$279,904$255,114$378,991
35$391,114$269,126$239,166$386,260
36$405,742$257,047$221,913$393,692
37$421,066$243,581$203,286$401,299
38$437,133$228,634$183,213$409,098
39$453,991$212,108$161,622$417,105
40$471,696$193,899$138,433$425,340
41$490,305$173,896$113,567$433,825
42$509,883$151,984$86,939$442,586
43$530,500$128,040$58,460$451,651
44$552,230$101,934$28,038$461,051
45$575,157$73,528$0$470,823
46$599,371$42,678$0$481,906
47$624,969$9,232$0$499,571
48$652,059$0$0$518,200
49$680,757$0$0$540,248
50$711,191$0$0$564,498
51$743,501$0$0$590,250
52$777,839$0$0$617,626
53$814,372$0$0$646,760
54$853,284$0$0$677,799
55$894,773$0$0$710,903
56$939,060$0$0$746,250
57$986,384$0$0$784,031
58$1,037,009$0$0$824,458
59$1,091,223$0$0$867,763
60$1,149,343$0$0$914,200
61$1,211,715$0$0$964,049
62$1,278,722$0$0$1,017,615
63$1,350,780$0$0$1,075,235
64$1,428,350$0$0$1,137,277
65$1,511,935$0$0$1,204,147
66$1,602,090$0$0$1,276,290
67$1,699,422$0$0$1,354,196
68$1,804,601$0$0$1,438,401
69$1,918,361$0$0$1,529,496
70$2,041,509$0$0$1,628,131
71$2,174,934$0$0$1,735,020
72$2,319,613$0$0$1,850,947
73$2,476,617$0$0$1,976,775
74$2,647,129$0$0$2,113,455
75$2,832,447$0$0$2,262,030
76$3,033,999$0$0$2,423,649
77$3,253,359$0$0$2,599,577
78$3,492,254$0$0$2,791,204
79$3,752,589$0$0$3,000,060
80$4,036,457$0$0$3,227,831
81$4,346,166$0$0$3,476,369
82$4,684,251$0$0$3,747,717
83$5,053,506$0$0$4,044,120
84$5,457,007$0$0$4,368,052
85$5,898,138$0$0$4,722,234
86$6,380,626$0$0$5,109,666
87$6,908,576$0$0$5,533,646
88$7,486,507$0$0$5,997,811
89$8,119,393$0$0$6,506,163
90$8,812,716$0$0$7,063,108
91$9,572,510$0$0$7,673,502
92$10,405,422$0$0$8,342,689
93$11,318,770$0$0$9,076,557
94$12,320,618$0$0$9,881,592
95$13,419,845$0$0$10,764,936
96$14,626,233$0$0$11,734,457
97$15,950,556$0$0$12,798,821
98$17,404,682$0$0$13,967,575
99$19,001,685$0$0$15,251,236
100$20,755,966$0$0$16,661,387