Can I retire at age 30 with 305,000?

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 $305,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$25,187$24,962$24,743$24,530$24,321$23,801
2 years$12,469$12,236$12,011$11,793$11,581$11,060
3 years$8,230$7,997$7,772$7,556$7,348$6,841
4 years$6,111$5,878$5,656$5,444$5,240$4,753
5 years$4,840$4,609$4,389$4,181$3,984$3,516
6 years$3,993$3,763$3,547$3,344$3,152$2,705
7 years$3,388$3,160$2,948$2,749$2,564$2,137
8 years$2,934$2,709$2,500$2,306$2,127$1,721
9 years$2,582$2,359$2,153$1,964$1,791$1,406
10 years$2,300$2,079$1,877$1,693$1,526$1,161
11 years$2,070$1,851$1,653$1,474$1,312$967
12 years$1,878$1,661$1,467$1,293$1,137$811
13 years$1,716$1,501$1,310$1,141$992$683
14 years$1,577$1,365$1,177$1,013$869$579
15 years$1,456$1,247$1,063$903$765$492
16 years$1,351$1,144$964$809$677$420
17 years$1,259$1,053$877$727$600$359
18 years$1,176$973$801$655$533$307
19 years$1,103$902$733$592$475$264
20 years$1,037$838$673$536$425$227
21 years$977$781$619$486$380$195
22 years$923$729$570$442$341$168
23 years$873$682$527$403$306$145
24 years$828$639$487$367$275$125
25 years$786$599$451$336$247$108
26 years$748$563$418$307$223$94
27 years$713$530$388$281$201$81
28 years$680$500$361$257$181$70
29 years$649$471$336$236$164$61
30 years$621$445$313$217$148$53
31 years$594$421$292$199$134$46
32 years$569$398$272$183$121$40
33 years$546$377$254$168$109$34
34 years$524$357$237$155$99$30
35 years$504$339$222$142$90$26
36 years$484$322$208$131$81$22
37 years$466$306$194$121$74$19
38 years$449$290$182$111$67$17
39 years$432$276$171$103$61$15
40 years$417$263$160$95$55$13
41 years$402$250$150$87$50$11
42 years$388$238$141$81$45$10
43 years$375$227$132$74$41$8
44 years$362$216$124$69$37$7
45 years$350$206$116$63$34$6
46 years$339$197$109$59$31$5
47 years$328$188$103$54$28$5
48 years$317$179$96$50$25$4
49 years$307$171$91$46$23$4
50 years$298$164$85$43$21$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $305,000, adding $2,166 every year, while hoping to spend $22,822 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: 67/8/25 Blend
29$305,000$305,000$305,000$305,000
30$338,344$322,179$317,452$358,692
31$348,573$313,684$303,804$364,143
32$359,080$304,007$288,934$367,308
33$369,870$293,067$272,777$370,246
34$380,946$280,777$255,265$372,934
35$392,313$267,045$236,327$375,349
36$403,974$251,775$215,888$377,465
37$415,930$234,863$193,871$379,258
38$428,185$216,201$170,196$380,697
39$440,739$195,675$144,777$381,753
40$453,594$173,162$117,526$382,393
41$466,749$148,535$88,352$382,582
42$480,202$121,658$57,156$382,284
43$493,952$92,389$23,840$381,458
44$507,995$60,575$0$380,063
45$522,325$26,058$0$381,177
46$536,936$0$0$388,618
47$551,819$0$0$396,994
48$566,964$0$0$407,847
49$582,358$0$0$418,874
50$597,985$0$0$430,063
51$613,828$0$0$441,399
52$629,864$0$0$452,867
53$646,069$0$0$464,448
54$662,413$0$0$476,120
55$678,864$0$0$487,857
56$695,382$0$0$499,632
57$711,924$0$0$511,411
58$728,441$0$0$523,158
59$744,875$0$0$534,829
60$761,162$0$0$546,378
61$777,231$0$0$557,750
62$792,999$0$0$568,885
63$808,375$0$0$579,714
64$823,255$0$0$590,161
65$837,525$0$0$600,140
66$851,055$0$0$609,555
67$863,700$0$0$618,299
68$875,299$0$0$626,252
69$885,671$0$0$633,279
70$894,616$0$0$639,233
71$901,909$0$0$643,947
72$907,301$0$0$647,236
73$910,515$0$0$648,895
74$911,243$0$0$648,697
75$909,143$0$0$646,386
76$903,834$0$0$641,684
77$894,896$0$0$634,276
78$881,861$0$0$623,818
79$864,210$0$0$609,926
80$841,369$0$0$592,175
81$812,702$0$0$570,094
82$777,505$0$0$543,163
83$734,998$0$0$510,805
84$684,318$0$0$472,382
85$624,511$0$0$427,188
86$554,520$0$0$374,443
87$473,180$0$0$313,284
88$379,199$0$0$242,758
89$271,151$0$0$161,809
90$147,460$0$0$69,274
91$6,386$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