Can I retire at age 30 with 310,000?

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 $310,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.7%
1 years$25,600$25,371$25,149$24,932$24,720$23,758
2 years$12,673$12,437$12,208$11,986$11,771$10,814
3 years$8,365$8,128$7,900$7,680$7,468$6,545
4 years$6,211$5,975$5,749$5,533$5,326$4,445
5 years$4,919$4,684$4,461$4,250$4,049$3,211
6 years$4,058$3,825$3,605$3,399$3,204$2,411
7 years$3,443$3,212$2,996$2,794$2,606$1,857
8 years$2,983$2,754$2,541$2,344$2,162$1,456
9 years$2,624$2,397$2,189$1,997$1,820$1,157
10 years$2,338$2,113$1,908$1,721$1,551$929
11 years$2,104$1,881$1,680$1,498$1,334$751
12 years$1,909$1,689$1,491$1,314$1,156$612
13 years$1,744$1,526$1,332$1,160$1,008$500
14 years$1,603$1,387$1,197$1,030$884$411
15 years$1,480$1,267$1,080$918$778$338
16 years$1,373$1,163$980$822$688$279
17 years$1,279$1,071$891$739$610$231
18 years$1,196$989$814$666$542$191
19 years$1,121$917$745$602$483$159
20 years$1,054$852$684$545$432$132
21 years$993$794$629$494$386$110
22 years$938$741$580$450$346$91
23 years$887$693$535$409$311$76
24 years$841$649$495$373$279$63
25 years$799$609$458$341$251$53
26 years$760$573$425$312$226$44
27 years$724$539$395$285$204$37
28 years$691$508$367$262$184$31
29 years$660$479$342$240$166$26
30 years$631$452$318$220$150$21
31 years$604$428$297$202$136$18
32 years$579$405$277$186$123$15
33 years$555$383$258$171$111$12
34 years$533$363$241$157$101$10
35 years$512$344$226$145$91$9
36 years$492$327$211$133$83$7
37 years$474$311$198$123$75$6
38 years$456$295$185$113$68$5
39 years$440$281$173$104$62$4
40 years$424$267$163$96$56$4
41 years$409$254$152$89$51$3
42 years$395$242$143$82$46$2
43 years$381$231$134$76$42$2
44 years$368$220$126$70$38$2
45 years$356$210$118$65$34$1
46 years$344$200$111$60$31$1
47 years$333$191$104$55$28$1
48 years$323$182$98$51$26$1
49 years$312$174$92$47$23$1
50 years$303$166$87$43$21$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $310,000, adding $6,299 every year, while hoping to spend $24,345 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: 76/10/14 Blend
29$310,000$310,000$310,000$310,000
30$348,117$331,687$326,882$373,080
31$357,723$322,037$311,930$380,771
32$367,491$311,098$295,661$385,522
33$377,415$298,782$278,005$390,060
34$387,483$284,993$258,890$394,355
35$397,682$269,634$238,238$398,376
36$407,998$252,598$215,971$402,087
37$418,413$233,775$192,006$405,451
38$428,907$213,046$166,255$408,426
39$439,459$190,288$138,627$410,966
40$450,040$165,369$109,028$413,023
41$460,623$138,151$77,359$414,543
42$471,172$108,486$43,516$415,466
43$481,650$76,220$7,392$415,730
44$492,012$41,189$0$415,264
45$502,211$3,220$0$418,647
46$512,190$0$0$422,622
47$521,887$0$0$430,178
48$531,234$0$0$437,788
49$540,151$0$0$445,032
50$548,553$0$0$451,837
51$556,340$0$0$458,120
52$563,404$0$0$463,790
53$569,624$0$0$468,745
54$574,864$0$0$472,871
55$578,973$0$0$476,042
56$581,784$0$0$478,117
57$583,110$0$0$478,940
58$582,744$0$0$478,336
59$580,455$0$0$476,113
60$575,988$0$0$472,056
61$569,060$0$0$465,928
62$559,357$0$0$457,465
63$546,529$0$0$446,375
64$530,192$0$0$432,335
65$509,918$0$0$414,986
66$485,234$0$0$393,932
67$455,616$0$0$368,734
68$420,486$0$0$338,906
69$379,201$0$0$303,912
70$331,054$0$0$263,157
71$275,261$0$0$215,984
72$210,955$0$0$161,669
73$137,181$0$0$99,409
74$52,880$0$0$28,317
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$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