Can I retire at age 30 with 308,000?

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 $308,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19%
1 years$25,434$25,208$24,987$24,771$24,560$23,670
2 years$12,591$12,357$12,129$11,909$11,695$10,808
3 years$8,311$8,075$7,849$7,630$7,420$6,564
4 years$6,171$5,936$5,712$5,497$5,292$4,473
5 years$4,887$4,654$4,433$4,222$4,023$3,244
6 years$4,032$3,800$3,582$3,377$3,183$2,445
7 years$3,421$3,192$2,977$2,776$2,589$1,890
8 years$2,963$2,736$2,525$2,329$2,148$1,488
9 years$2,607$2,382$2,174$1,984$1,809$1,188
10 years$2,323$2,100$1,896$1,710$1,541$958
11 years$2,090$1,869$1,669$1,488$1,325$779
12 years$1,896$1,678$1,481$1,305$1,149$637
13 years$1,733$1,516$1,323$1,152$1,002$523
14 years$1,592$1,378$1,189$1,023$878$432
15 years$1,471$1,259$1,074$912$773$357
16 years$1,365$1,155$973$817$683$296
17 years$1,271$1,064$886$734$606$247
18 years$1,188$983$808$661$539$205
19 years$1,114$911$740$598$480$171
20 years$1,047$847$679$541$429$143
21 years$986$789$625$491$384$120
22 years$932$736$576$447$344$100
23 years$882$688$532$407$309$84
24 years$836$645$492$371$278$70
25 years$794$605$455$339$250$59
26 years$755$569$422$310$225$49
27 years$720$535$392$284$203$41
28 years$686$504$365$260$183$35
29 years$656$476$339$238$165$29
30 years$627$449$316$219$149$24
31 years$600$425$295$201$135$21
32 years$575$402$275$185$122$17
33 years$552$381$257$170$111$14
34 years$530$361$240$156$100$12
35 years$509$342$224$144$91$10
36 years$489$325$210$132$82$9
37 years$471$309$196$122$74$7
38 years$453$293$184$112$67$6
39 years$437$279$172$104$61$5
40 years$421$265$161$96$55$4
41 years$406$253$151$88$50$4
42 years$392$240$142$81$46$3
43 years$379$229$133$75$41$3
44 years$366$218$125$69$38$2
45 years$354$208$117$64$34$2
46 years$342$199$110$59$31$2
47 years$331$190$104$55$28$1
48 years$321$181$97$51$26$1
49 years$310$173$92$47$23$1
50 years$301$165$86$43$21$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $308,000, adding $6,737 every year, while hoping to spend $22,008 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: 40/33/27 Blend
29$308,000$308,000$308,000$308,000
30$346,365$330,041$325,267$357,234
31$358,278$322,797$312,747$358,488
32$370,669$314,460$299,070$357,296
33$383,562$304,954$284,174$355,582
34$396,986$294,197$267,995$353,313
35$410,969$282,103$250,463$350,451
36$425,544$268,582$231,510$346,961
37$440,744$253,537$211,060$342,804
38$456,605$236,866$189,036$337,938
39$473,169$218,462$165,358$332,321
40$490,476$198,211$139,942$325,910
41$508,574$175,993$112,699$318,659
42$527,511$151,680$83,538$310,519
43$547,343$125,138$52,362$301,442
44$568,128$96,225$19,072$291,376
45$589,929$64,792$0$280,269
46$612,814$30,679$0$272,806
47$636,860$0$0$270,361
48$662,147$0$0$269,689
49$688,763$0$0$280,723
50$716,805$0$0$292,363
51$746,377$0$0$304,655
52$777,595$0$0$317,648
53$810,581$0$0$331,398
54$845,473$0$0$345,962
55$882,419$0$0$361,406
56$921,581$0$0$377,800
57$963,135$0$0$395,222
58$1,007,276$0$0$413,755
59$1,054,215$0$0$433,493
60$1,104,185$0$0$454,537
61$1,157,437$0$0$476,996
62$1,214,252$0$0$500,994
63$1,274,932$0$0$526,663
64$1,339,812$0$0$554,150
65$1,409,256$0$0$583,613
66$1,483,667$0$0$615,229
67$1,563,484$0$0$649,191
68$1,649,189$0$0$685,710
69$1,741,313$0$0$725,019
70$1,840,436$0$0$767,372
71$1,947,197$0$0$813,050
72$2,062,297$0$0$862,360
73$2,186,507$0$0$915,640
74$2,320,673$0$0$973,263
75$2,465,725$0$0$1,035,637
76$2,622,684$0$0$1,103,210
77$2,792,676$0$0$1,176,477
78$2,976,935$0$0$1,255,981
79$3,176,819$0$0$1,342,318
80$3,393,823$0$0$1,436,145
81$3,629,590$0$0$1,538,186
82$3,885,928$0$0$1,649,235
83$4,164,825$0$0$1,770,167
84$4,468,469$0$0$1,901,944
85$4,799,267$0$0$2,045,626
86$5,159,871$0$0$2,202,378
87$5,553,195$0$0$2,373,484
88$5,982,449$0$0$2,560,357
89$6,451,165$0$0$2,764,551
90$6,963,234$0$0$2,987,779
91$7,522,937$0$0$3,231,925
92$8,134,987$0$0$3,499,064
93$8,804,575$0$0$3,791,483
94$9,537,414$0$0$4,111,697
95$10,339,799$0$0$4,462,478
96$11,218,658$0$0$4,846,877
97$12,181,624$0$0$5,268,256
98$13,237,099$0$0$5,730,315
99$14,394,342$0$0$6,237,133
100$15,663,545$0$0$6,793,199