Can I retire at age 30 with 303,000?

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 $303,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$25,021$24,799$24,581$24,369$24,162$23,840
2 years$12,387$12,156$11,933$11,716$11,506$11,182
3 years$8,176$7,944$7,721$7,506$7,300$6,984
4 years$6,071$5,840$5,619$5,408$5,206$4,901
5 years$4,808$4,578$4,361$4,154$3,958$3,664
6 years$3,967$3,739$3,524$3,322$3,132$2,850
7 years$3,366$3,140$2,928$2,731$2,547$2,277
8 years$2,915$2,691$2,484$2,291$2,113$1,855
9 years$2,565$2,343$2,139$1,951$1,779$1,533
10 years$2,285$2,065$1,865$1,682$1,516$1,282
11 years$2,056$1,839$1,642$1,464$1,304$1,081
12 years$1,866$1,650$1,457$1,284$1,130$918
13 years$1,704$1,491$1,302$1,134$985$784
14 years$1,566$1,356$1,170$1,006$864$673
15 years$1,447$1,238$1,056$897$760$580
16 years$1,342$1,136$957$804$672$502
17 years$1,250$1,046$871$722$596$435
18 years$1,169$967$795$651$530$378
19 years$1,095$896$728$588$472$330
20 years$1,030$833$668$533$422$288
21 years$970$776$615$483$378$251
22 years$917$724$566$439$338$220
23 years$867$677$523$400$304$193
24 years$822$635$484$365$273$169
25 years$781$595$448$333$246$149
26 years$743$560$416$305$221$130
27 years$708$527$386$279$200$115
28 years$675$496$359$256$180$101
29 years$645$468$334$234$163$89
30 years$617$442$311$215$147$78
31 years$590$418$290$198$133$69
32 years$566$396$270$182$120$61
33 years$543$375$253$167$109$53
34 years$521$355$236$154$98$47
35 years$500$337$221$141$89$42
36 years$481$320$206$130$81$37
37 years$463$304$193$120$73$32
38 years$446$288$181$111$66$29
39 years$430$274$169$102$60$25
40 years$414$261$159$94$55$22
41 years$400$248$149$87$50$20
42 years$386$237$140$80$45$17
43 years$373$225$131$74$41$15
44 years$360$215$123$68$37$14
45 years$348$205$116$63$34$12
46 years$337$195$109$58$31$11
47 years$326$187$102$54$28$9
48 years$315$178$96$50$25$8
49 years$305$170$90$46$23$7
50 years$296$162$85$42$21$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $303,000, adding $6,821 every year, while hoping to spend $20,316 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: 53/38/9 Blend
29$303,000$303,000$303,000$303,000
30$340,942$324,883$320,186$357,885
31$354,102$319,186$309,297$364,456
32$367,923$312,529$297,361$368,816
33$382,452$304,844$284,323$373,079
34$397,738$296,057$270,124$377,239
35$413,837$286,093$254,702$381,291
36$430,806$274,870$237,993$385,233
37$448,711$262,301$219,929$389,060
38$467,623$248,297$200,439$392,772
39$487,617$232,760$179,450$396,369
40$508,778$215,589$156,886$399,851
41$531,197$196,677$132,666$403,222
42$554,975$175,910$106,706$406,486
43$580,220$153,167$78,918$409,653
44$607,052$128,322$49,212$412,733
45$635,602$101,241$17,491$415,739
46$666,013$71,781$0$418,690
47$698,442$39,794$0$423,180
48$733,060$5,121$0$429,558
49$770,056$0$0$436,187
50$809,635$0$0$456,668
51$852,024$0$0$480,915
52$897,470$0$0$506,931
53$946,246$0$0$534,876
54$998,649$0$0$564,923
55$1,055,009$0$0$597,262
56$1,115,684$0$0$632,104
57$1,181,069$0$0$669,677
58$1,251,598$0$0$710,236
59$1,327,748$0$0$754,058
60$1,410,043$0$0$801,449
61$1,499,058$0$0$852,743
62$1,595,426$0$0$908,309
63$1,699,843$0$0$968,554
64$1,813,074$0$0$1,033,924
65$1,935,959$0$0$1,104,908
66$2,069,424$0$0$1,182,046
67$2,214,486$0$0$1,265,933
68$2,372,265$0$0$1,357,220
69$2,543,992$0$0$1,456,627
70$2,731,023$0$0$1,564,944
71$2,934,849$0$0$1,683,041
72$3,157,110$0$0$1,811,876
73$3,399,614$0$0$1,952,502
74$3,664,348$0$0$2,106,081
75$3,953,501$0$0$2,273,889
76$4,269,483$0$0$2,457,333
77$4,614,946$0$0$2,657,960
78$4,992,810$0$0$2,877,476
79$5,406,291$0$0$3,117,757
80$5,858,930$0$0$3,380,870
81$6,354,625$0$0$3,669,092
82$6,897,672$0$0$3,984,928
83$7,492,798$0$0$4,331,140
84$8,145,210$0$0$4,710,768
85$8,860,646$0$0$5,127,159
86$9,645,422$0$0$5,584,004
87$10,506,495$0$0$6,085,363
88$11,451,532$0$0$6,635,713
89$12,488,973$0$0$7,239,982
90$13,628,120$0$0$7,903,600
91$14,879,215$0$0$8,632,550
92$16,253,544$0$0$9,433,420
93$17,763,539$0$0$10,313,469
94$19,422,896$0$0$11,280,696
95$21,246,703$0$0$12,343,910
96$23,251,582$0$0$13,512,819
97$25,455,848$0$0$14,798,115
98$27,879,675$0$0$16,211,583
99$30,545,293$0$0$17,766,201
100$33,477,194$0$0$19,476,274