Can I retire at age 30 with 303,000?

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 $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%12.6%
1 years$25,021$24,799$24,581$24,369$24,162$23,899
2 years$12,387$12,156$11,933$11,716$11,506$11,241
3 years$8,176$7,944$7,721$7,506$7,300$7,042
4 years$6,071$5,840$5,619$5,408$5,206$4,957
5 years$4,808$4,578$4,361$4,154$3,958$3,717
6 years$3,967$3,739$3,524$3,322$3,132$2,901
7 years$3,366$3,140$2,928$2,731$2,547$2,325
8 years$2,915$2,691$2,484$2,291$2,113$1,901
9 years$2,565$2,343$2,139$1,951$1,779$1,577
10 years$2,285$2,065$1,865$1,682$1,516$1,323
11 years$2,056$1,839$1,642$1,464$1,304$1,120
12 years$1,866$1,650$1,457$1,284$1,130$955
13 years$1,704$1,491$1,302$1,134$985$819
14 years$1,566$1,356$1,170$1,006$864$706
15 years$1,447$1,238$1,056$897$760$611
16 years$1,342$1,136$957$804$672$530
17 years$1,250$1,046$871$722$596$462
18 years$1,169$967$795$651$530$403
19 years$1,095$896$728$588$472$353
20 years$1,030$833$668$533$422$309
21 years$970$776$615$483$378$272
22 years$917$724$566$439$338$239
23 years$867$677$523$400$304$210
24 years$822$635$484$365$273$185
25 years$781$595$448$333$246$163
26 years$743$560$416$305$221$144
27 years$708$527$386$279$200$127
28 years$675$496$359$256$180$113
29 years$645$468$334$234$163$100
30 years$617$442$311$215$147$88
31 years$590$418$290$198$133$78
32 years$566$396$270$182$120$69
33 years$543$375$253$167$109$61
34 years$521$355$236$154$98$54
35 years$500$337$221$141$89$48
36 years$481$320$206$130$81$43
37 years$463$304$193$120$73$38
38 years$446$288$181$111$66$34
39 years$430$274$169$102$60$30
40 years$414$261$159$94$55$26
41 years$400$248$149$87$50$23
42 years$386$237$140$80$45$21
43 years$373$225$131$74$41$18
44 years$360$215$123$68$37$16
45 years$348$205$116$63$34$15
46 years$337$195$109$58$31$13
47 years$326$187$102$54$28$11
48 years$315$178$96$50$25$10
49 years$305$170$90$46$23$9
50 years$296$162$85$42$21$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $303,000, adding $4,420 every year, while hoping to spend $21,144 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: 46/38/16 Blend
29$303,000$303,000$303,000$303,000
30$338,465$322,406$317,710$352,306
31$350,492$315,707$305,856$355,690
32$363,036$307,971$292,896$356,872
33$376,129$299,125$278,772$357,699
34$389,804$289,091$263,420$358,146
35$404,095$277,788$246,776$358,188
36$419,042$265,129$228,772$357,799
37$434,686$251,022$209,338$356,951
38$451,072$235,371$188,399$355,616
39$468,249$218,071$165,878$353,766
40$486,270$199,016$141,694$351,371
41$505,192$178,091$115,764$348,400
42$525,078$155,174$87,998$344,823
43$545,996$130,137$58,306$340,607
44$568,019$102,845$26,590$335,720
45$591,227$73,155$0$330,130
46$615,709$40,916$0$325,042
47$641,560$5,970$0$324,109
48$668,884$0$0$322,773
49$697,794$0$0$334,340
50$728,414$0$0$349,251
51$760,880$0$0$365,079
52$795,340$0$0$381,897
53$831,956$0$0$399,788
54$870,904$0$0$418,841
55$912,379$0$0$439,152
56$956,592$0$0$460,829
57$1,003,777$0$0$483,989
58$1,054,187$0$0$508,761
59$1,108,102$0$0$535,284
60$1,165,827$0$0$563,713
61$1,227,699$0$0$594,218
62$1,294,084$0$0$626,984
63$1,365,387$0$0$662,215
64$1,442,052$0$0$700,135
65$1,524,564$0$0$740,990
66$1,613,458$0$0$785,049
67$1,709,321$0$0$832,609
68$1,812,797$0$0$883,997
69$1,924,596$0$0$939,569
70$2,045,495$0$0$999,720
71$2,176,351$0$0$1,064,882
72$2,318,104$0$0$1,135,531
73$2,471,788$0$0$1,212,190
74$2,638,541$0$0$1,295,435
75$2,819,613$0$0$1,385,898
76$3,016,381$0$0$1,484,276
77$3,230,359$0$0$1,591,335
78$3,463,210$0$0$1,707,917
79$3,716,768$0$0$1,834,949
80$3,993,049$0$0$1,973,453
81$4,294,271$0$0$2,124,552
82$4,622,877$0$0$2,289,481
83$4,981,554$0$0$2,469,602
84$5,373,262$0$0$2,666,414
85$5,801,256$0$0$2,881,565
86$6,269,124$0$0$3,116,871
87$6,780,812$0$0$3,374,332
88$7,340,668$0$0$3,656,150
89$7,953,478$0$0$3,964,749
90$8,624,513$0$0$4,302,798
91$9,359,576$0$0$4,673,239
92$10,165,060$0$0$5,079,308
93$11,048,003$0$0$5,524,572
94$12,016,159$0$0$6,012,960
95$13,078,067$0$0$6,548,796
96$14,243,131$0$0$7,136,847
97$15,521,711$0$0$7,782,362
98$16,925,219$0$0$8,491,122
99$18,466,224$0$0$9,269,497
100$20,158,573$0$0$10,124,504