Can I retire at age 30 with 302,000?

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 $302,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$24,939$24,717$24,500$24,288$24,082$23,910
2 years$12,346$12,116$11,893$11,677$11,468$11,294
3 years$8,149$7,918$7,696$7,482$7,275$7,106
4 years$6,051$5,821$5,600$5,390$5,189$5,025
5 years$4,792$4,563$4,346$4,140$3,945$3,786
6 years$3,953$3,726$3,512$3,311$3,121$2,969
7 years$3,355$3,129$2,919$2,722$2,538$2,392
8 years$2,906$2,682$2,475$2,283$2,106$1,965
9 years$2,557$2,336$2,132$1,945$1,773$1,639
10 years$2,278$2,059$1,859$1,677$1,511$1,382
11 years$2,049$1,833$1,636$1,459$1,300$1,177
12 years$1,859$1,645$1,452$1,280$1,126$1,009
13 years$1,699$1,487$1,298$1,130$982$870
14 years$1,561$1,351$1,166$1,003$861$755
15 years$1,442$1,234$1,053$895$758$657
16 years$1,338$1,133$954$801$670$574
17 years$1,246$1,043$868$720$594$503
18 years$1,165$964$793$649$528$442
19 years$1,092$893$726$586$471$389
20 years$1,026$830$666$531$420$344
21 years$967$773$613$482$376$304
22 years$914$722$565$438$337$269
23 years$865$675$521$399$303$238
24 years$820$632$482$364$272$211
25 years$779$593$447$332$245$188
26 years$741$558$414$304$221$167
27 years$706$525$385$278$199$149
28 years$673$495$358$255$179$132
29 years$643$467$333$234$162$118
30 years$615$441$310$214$146$105
31 years$588$417$289$197$132$94
32 years$564$394$270$181$120$84
33 years$541$373$252$166$108$75
34 years$519$354$235$153$98$67
35 years$499$336$220$141$89$59
36 years$480$319$206$130$81$53
37 years$462$303$193$120$73$47
38 years$444$288$180$110$66$42
39 years$428$273$169$102$60$38
40 years$413$260$158$94$54$34
41 years$398$248$148$87$49$30
42 years$384$236$139$80$45$27
43 years$371$225$131$74$41$24
44 years$359$214$123$68$37$22
45 years$347$204$115$63$33$19
46 years$336$195$108$58$30$17
47 years$325$186$102$54$28$16
48 years$314$177$95$50$25$14
49 years$304$169$90$46$23$12
50 years$295$162$84$42$21$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $302,000, adding $3,169 every year, while hoping to spend $20,694 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: 78/14/8 Blend
29$302,000$302,000$302,000$302,000
30$336,073$320,067$315,386$361,665
31$348,334$313,732$303,933$372,580
32$361,152$306,393$291,403$381,546
33$374,563$297,979$277,738$390,771
34$388,603$288,415$262,877$400,272
35$403,314$277,621$246,757$410,066
36$418,740$265,512$229,311$420,176
37$434,930$252,001$210,472$430,622
38$451,936$236,992$190,166$441,431
39$469,815$220,386$168,318$452,631
40$488,628$202,077$144,849$464,252
41$508,444$181,955$119,677$476,330
42$529,335$159,900$92,715$488,903
43$551,381$135,789$63,876$502,015
44$574,670$109,491$33,063$515,713
45$599,297$80,866$181$530,051
46$625,364$49,768$0$545,087
47$652,986$16,041$0$563,869
48$682,286$0$0$583,698
49$713,400$0$0$607,806
50$746,475$0$0$636,066
51$781,674$0$0$666,146
52$819,173$0$0$698,197
53$859,167$0$0$732,388
54$901,868$0$0$768,899
55$947,509$0$0$807,931
56$996,345$0$0$849,704
57$1,048,657$0$0$894,458
58$1,104,751$0$0$942,456
59$1,164,964$0$0$993,988
60$1,229,667$0$0$1,049,371
61$1,299,264$0$0$1,108,955
62$1,374,201$0$0$1,173,121
63$1,454,968$0$0$1,242,290
64$1,542,102$0$0$1,316,924
65$1,636,193$0$0$1,397,530
66$1,737,891$0$0$1,484,666
67$1,847,909$0$0$1,578,944
68$1,967,030$0$0$1,681,039
69$2,096,116$0$0$1,791,689
70$2,236,116$0$0$1,911,710
71$2,388,070$0$0$2,041,998
72$2,553,126$0$0$2,183,536
73$2,732,544$0$0$2,337,409
74$2,927,710$0$0$2,504,809
75$3,140,152$0$0$2,687,046
76$3,371,549$0$0$2,885,563
77$3,623,747$0$0$3,101,950
78$3,898,781$0$0$3,337,952
79$4,198,889$0$0$3,595,495
80$4,526,535$0$0$3,876,694
81$4,884,430$0$0$4,183,881
82$5,275,560$0$0$4,519,622
83$5,703,213$0$0$4,886,742
84$6,171,007$0$0$5,288,350
85$6,682,927$0$0$5,727,872
86$7,243,361$0$0$6,209,079
87$7,857,141$0$0$6,736,123
88$8,529,587$0$0$7,313,578
89$9,266,560$0$0$7,946,480
90$10,074,514$0$0$8,640,375
91$10,960,555$0$0$9,401,374
92$11,932,514$0$0$10,236,205
93$12,999,013$0$0$11,152,279
94$14,169,550$0$0$12,157,760
95$15,454,589$0$0$13,261,640
96$16,865,653$0$0$14,473,825
97$18,415,438$0$0$15,805,228
98$20,117,931$0$0$17,267,868
99$21,988,538$0$0$18,874,988
100$24,044,231$0$0$20,641,178