Can I retire at age 30 with 296,000?

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 $296,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.3%
1 years$24,443$24,226$24,013$23,806$23,603$23,376
2 years$12,101$11,875$11,657$11,445$11,240$11,011
3 years$7,987$7,761$7,543$7,333$7,131$6,908
4 years$5,931$5,705$5,489$5,283$5,086$4,870
5 years$4,697$4,473$4,260$4,058$3,866$3,658
6 years$3,875$3,652$3,443$3,245$3,059$2,859
7 years$3,288$3,067$2,861$2,668$2,488$2,296
8 years$2,848$2,629$2,426$2,238$2,064$1,880
9 years$2,506$2,289$2,090$1,906$1,738$1,562
10 years$2,232$2,018$1,822$1,643$1,481$1,313
11 years$2,009$1,796$1,604$1,430$1,274$1,113
12 years$1,822$1,612$1,423$1,254$1,104$951
13 years$1,665$1,457$1,272$1,107$963$817
14 years$1,530$1,324$1,143$983$844$706
15 years$1,413$1,210$1,032$877$743$612
16 years$1,311$1,110$935$785$657$533
17 years$1,221$1,022$851$705$582$465
18 years$1,142$945$777$636$518$407
19 years$1,070$875$711$574$461$357
20 years$1,006$814$653$520$412$313
21 years$948$758$600$472$369$276
22 years$895$707$553$429$331$243
23 years$847$662$511$391$297$214
24 years$803$620$473$357$267$189
25 years$763$582$438$326$240$167
26 years$726$547$406$298$216$148
27 years$692$515$377$273$195$131
28 years$660$485$350$250$176$116
29 years$630$457$326$229$159$103
30 years$603$432$304$210$143$91
31 years$577$408$283$193$130$81
32 years$553$386$264$177$117$72
33 years$530$366$247$163$106$64
34 years$509$347$230$150$96$57
35 years$489$329$215$138$87$50
36 years$470$312$202$127$79$45
37 years$452$297$189$117$72$40
38 years$436$282$177$108$65$35
39 years$420$268$166$100$59$32
40 years$405$255$155$92$53$28
41 years$390$243$145$85$48$25
42 years$377$231$136$78$44$22
43 years$364$220$128$72$40$20
44 years$352$210$120$67$36$18
45 years$340$200$113$62$33$16
46 years$329$191$106$57$30$14
47 years$318$182$100$53$27$12
48 years$308$174$94$49$25$11
49 years$298$166$88$45$22$10
50 years$289$159$83$41$20$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $296,000, adding $3,233 every year, while hoping to spend $23,197 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: 90/5/5 Blend
29$296,000$296,000$296,000$296,000
30$329,527$313,839$309,251$358,946
31$338,457$304,536$294,929$369,263
32$347,521$293,999$279,351$376,969
33$356,707$282,144$262,448$384,662
34$366,003$268,881$244,152$392,320
35$375,394$254,115$224,390$399,920
36$384,863$237,745$203,085$407,436
37$394,390$219,665$180,159$414,839
38$403,951$199,763$155,529$422,095
39$413,523$177,919$129,107$429,170
40$423,074$154,009$100,804$436,021
41$432,571$127,900$70,525$442,605
42$441,977$99,451$38,171$448,872
43$451,249$68,514$3,640$454,766
44$460,339$34,933$0$460,225
45$469,192$0$0$466,955
46$477,749$0$0$473,509
47$485,939$0$0$481,622
48$493,689$0$0$489,298
49$500,911$0$0$496,450
50$507,512$0$0$502,986
51$513,384$0$0$508,798
52$518,410$0$0$513,771
53$522,457$0$0$517,773
54$525,379$0$0$520,658
55$527,012$0$0$522,264
56$527,175$0$0$522,413
57$525,666$0$0$520,903
58$522,263$0$0$517,513
59$516,716$0$0$511,996
60$508,750$0$0$504,081
61$498,061$0$0$493,464
62$484,310$0$0$479,810
63$467,124$0$0$462,747
64$446,086$0$0$441,865
65$420,740$0$0$416,709
66$390,576$0$0$386,774
67$355,034$0$0$351,504
68$313,491$0$0$310,283
69$265,263$0$0$262,430
70$209,588$0$0$207,191
71$145,629$0$0$143,735
72$72,457$0$0$71,141
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
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