Can I retire at age 30 with 301,000?

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 $301,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.4%
1 years$24,856$24,635$24,419$24,208$24,002$23,375
2 years$12,305$12,076$11,854$11,638$11,430$10,802
3 years$8,122$7,892$7,670$7,457$7,251$6,643
4 years$6,031$5,801$5,582$5,372$5,172$4,587
5 years$4,776$4,548$4,332$4,126$3,931$3,372
6 years$3,940$3,714$3,501$3,300$3,111$2,578
7 years$3,343$3,119$2,909$2,713$2,530$2,023
8 years$2,896$2,674$2,467$2,276$2,099$1,618
9 years$2,548$2,328$2,125$1,939$1,768$1,312
10 years$2,270$2,052$1,853$1,671$1,506$1,075
11 years$2,043$1,827$1,631$1,454$1,295$888
12 years$1,853$1,640$1,447$1,276$1,122$739
13 years$1,693$1,482$1,293$1,126$979$618
14 years$1,556$1,347$1,162$1,000$858$519
15 years$1,437$1,230$1,049$892$755$438
16 years$1,334$1,129$951$798$668$370
17 years$1,242$1,040$866$717$592$314
18 years$1,161$961$790$646$526$266
19 years$1,088$890$723$584$469$227
20 years$1,023$827$664$529$419$193
21 years$964$771$611$480$375$165
22 years$911$719$563$437$336$141
23 years$862$673$520$398$302$120
24 years$817$630$481$363$271$103
25 years$776$592$445$331$244$88
26 years$738$556$413$303$220$75
27 years$703$523$383$277$198$65
28 years$671$493$356$254$179$55
29 years$641$465$332$233$161$47
30 years$613$439$309$214$146$41
31 years$587$415$288$196$132$35
32 years$562$393$269$180$119$30
33 years$539$372$251$166$108$26
34 years$517$353$234$153$98$22
35 years$497$334$219$140$89$19
36 years$478$317$205$129$80$16
37 years$460$302$192$119$73$14
38 years$443$287$180$110$66$12
39 years$427$272$168$101$60$10
40 years$412$259$158$93$54$9
41 years$397$247$148$86$49$8
42 years$383$235$139$80$45$7
43 years$370$224$130$73$41$6
44 years$358$213$122$68$37$5
45 years$346$204$115$63$33$4
46 years$334$194$108$58$30$4
47 years$324$185$101$53$28$3
48 years$313$177$95$49$25$3
49 years$303$169$89$46$23$2
50 years$294$161$84$42$21$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $301,000, adding $6,036 every year, while hoping to spend $20,284 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: 30/43/27 Blend
29$301,000$301,000$301,000$301,000
30$337,928$321,975$317,310$345,118
31$350,815$316,170$306,357$345,392
32$364,336$309,400$294,359$343,502
33$378,535$301,598$281,257$341,063
34$393,459$292,690$266,992$338,042
35$409,160$282,599$251,504$334,404
36$425,692$271,244$234,727$330,113
37$443,116$258,539$216,594$325,131
38$461,499$244,393$197,035$319,420
39$480,913$228,708$175,976$312,938
40$501,435$211,384$153,341$305,645
41$523,151$192,312$129,048$297,497
42$546,156$171,379$103,015$288,452
43$570,551$148,464$75,153$278,464
44$596,448$123,439$45,371$267,487
45$623,969$96,171$13,574$255,475
46$653,248$66,517$0$242,379
47$684,431$34,328$0$234,018
48$717,677$0$0$229,030
49$753,163$0$0$223,748
50$791,081$0$0$235,488
51$831,641$0$0$248,077
52$875,073$0$0$261,589
53$921,632$0$0$276,109
54$971,594$0$0$291,726
55$1,025,266$0$0$308,541
56$1,082,981$0$0$326,664
57$1,145,107$0$0$346,215
58$1,212,046$0$0$367,326
59$1,284,243$0$0$390,143
60$1,362,184$0$0$414,825
61$1,446,404$0$0$441,550
62$1,537,491$0$0$470,509
63$1,636,090$0$0$501,916
64$1,742,913$0$0$536,004
65$1,858,739$0$0$573,029
66$1,984,428$0$0$613,276
67$2,120,925$0$0$657,054
68$2,269,268$0$0$704,707
69$2,430,600$0$0$756,609
70$2,606,179$0$0$813,177
71$2,797,389$0$0$874,865
72$3,005,751$0$0$942,176
73$3,232,941$0$0$1,015,662
74$3,480,804$0$0$1,095,932
75$3,751,369$0$0$1,183,654
76$4,046,870$0$0$1,279,565
77$4,369,768$0$0$1,384,478
78$4,722,771$0$0$1,499,285
79$5,108,859$0$0$1,624,971
80$5,531,315$0$0$1,762,618
81$5,993,755$0$0$1,913,421
82$6,500,158$0$0$2,078,692
83$7,054,908$0$0$2,259,879
84$7,662,832$0$0$2,458,576
85$8,329,247$0$0$2,676,538
86$9,060,007$0$0$2,915,698
87$9,861,562$0$0$3,178,187
88$10,741,015$0$0$3,466,350
89$11,706,190$0$0$3,782,771
90$12,765,704$0$0$4,130,296
91$13,929,052$0$0$4,512,062
92$15,206,690$0$0$4,931,524
93$16,610,139$0$0$5,392,486
94$18,152,090$0$0$5,899,142
95$19,846,522$0$0$6,456,110
96$21,708,838$0$0$7,068,480
97$23,756,007$0$0$7,741,857
98$26,006,723$0$0$8,482,420
99$28,481,581$0$0$9,296,973
100$31,203,272$0$0$10,193,014