Can I retire at age 30 with 313,000?

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 $313,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.1%
1 years$25,847$25,617$25,392$25,173$24,959$24,238
2 years$12,796$12,557$12,326$12,102$11,885$11,164
3 years$8,446$8,206$7,976$7,754$7,541$6,843
4 years$6,271$6,033$5,804$5,586$5,378$4,708
5 years$4,967$4,730$4,505$4,291$4,088$3,449
6 years$4,097$3,862$3,640$3,431$3,235$2,626
7 years$3,477$3,243$3,025$2,821$2,631$2,053
8 years$3,011$2,780$2,566$2,367$2,183$1,635
9 years$2,650$2,421$2,210$2,016$1,838$1,320
10 years$2,361$2,134$1,926$1,738$1,566$1,077
11 years$2,124$1,899$1,696$1,512$1,347$886
12 years$1,927$1,705$1,505$1,326$1,167$734
13 years$1,761$1,541$1,345$1,171$1,018$611
14 years$1,618$1,400$1,208$1,040$892$511
15 years$1,495$1,279$1,091$927$786$428
16 years$1,387$1,174$989$830$694$360
17 years$1,292$1,081$900$746$616$304
18 years$1,207$999$822$672$547$257
19 years$1,132$926$752$607$488$217
20 years$1,064$860$690$550$436$184
21 years$1,002$801$635$499$390$156
22 years$947$748$585$454$350$133
23 years$896$700$540$413$314$113
24 years$850$655$500$377$282$96
25 years$807$615$463$344$254$82
26 years$768$578$429$315$229$70
27 years$731$544$399$288$206$59
28 years$698$513$371$264$186$50
29 years$666$484$345$242$168$43
30 years$637$457$321$222$152$37
31 years$610$432$299$204$137$31
32 years$584$409$279$188$124$27
33 years$561$387$261$172$112$23
34 years$538$367$244$159$102$19
35 years$517$348$228$146$92$17
36 years$497$330$213$135$83$14
37 years$478$314$200$124$76$12
38 years$461$298$187$114$69$10
39 years$444$283$175$105$62$9
40 years$428$270$164$97$56$8
41 years$413$257$154$90$51$6
42 years$398$244$144$83$46$5
43 years$385$233$135$76$42$5
44 years$372$222$127$71$38$4
45 years$360$212$119$65$35$3
46 years$348$202$112$60$32$3
47 years$336$193$105$56$29$2
48 years$326$184$99$51$26$2
49 years$315$176$93$47$24$2
50 years$306$168$87$44$21$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $313,000, adding $6,951 every year, while hoping to spend $21,046 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: 78/13/9 Blend
29$313,000$313,000$313,000$313,000
30$352,096$335,507$330,655$378,519
31$365,617$329,554$319,340$390,906
32$379,812$322,604$306,939$401,069
33$394,727$314,586$293,396$411,601
34$410,413$305,424$278,649$422,529
35$426,924$295,040$262,633$433,885
36$444,322$283,348$245,282$445,702
37$462,670$270,259$226,526$458,017
38$482,040$255,680$206,293$470,872
39$502,509$239,509$184,505$484,313
40$524,163$221,642$161,083$498,391
41$547,092$201,968$135,944$513,162
42$571,398$180,367$109,001$528,688
43$597,192$156,716$80,164$545,040
44$624,593$130,882$49,337$562,293
45$653,733$102,727$16,421$580,534
46$684,757$72,104$0$599,856
47$717,821$38,857$0$622,160
48$753,100$2,822$0$647,565
49$790,783$0$0$674,633
50$831,076$0$0$708,690
51$874,207$0$0$745,586
52$920,426$0$0$785,130
53$970,007$0$0$827,557
54$1,023,249$0$0$873,126
55$1,080,483$0$0$922,120
56$1,142,070$0$0$974,849
57$1,208,406$0$0$1,031,654
58$1,279,930$0$0$1,092,911
59$1,357,119$0$0$1,159,031
60$1,440,500$0$0$1,230,466
61$1,530,652$0$0$1,307,714
62$1,628,212$0$0$1,391,321
63$1,733,877$0$0$1,481,887
64$1,848,418$0$0$1,580,075
65$1,972,679$0$0$1,686,608
66$2,107,589$0$0$1,802,288
67$2,254,172$0$0$1,927,991
68$2,413,552$0$0$2,064,685
69$2,586,967$0$0$2,213,433
70$2,775,777$0$0$2,375,406
71$2,981,482$0$0$2,551,889
72$3,205,730$0$0$2,744,301
73$3,450,336$0$0$2,954,201
74$3,717,296$0$0$3,183,305
75$4,008,810$0$0$3,433,503
76$4,327,297$0$0$3,706,874
77$4,675,422$0$0$4,005,708
78$5,056,118$0$0$4,332,527
79$5,472,615$0$0$4,690,105
80$5,928,468$0$0$5,081,500
81$6,427,595$0$0$5,510,076
82$6,974,307$0$0$5,979,541
83$7,573,353$0$0$6,493,975
84$8,229,964$0$0$7,057,874
85$8,949,898$0$0$7,676,189
86$9,739,501$0$0$8,354,371
87$10,605,760$0$0$9,098,428
88$11,556,372$0$0$9,914,973
89$12,599,814$0$0$10,811,293
90$13,745,425$0$0$11,795,416
91$15,003,491$0$0$12,876,182
92$16,385,346$0$0$14,063,332
93$17,903,472$0$0$15,367,595
94$19,571,621$0$0$16,800,792
95$21,404,945$0$0$18,375,945
96$23,420,133$0$0$20,107,400
97$25,635,576$0$0$22,010,962
98$28,071,531$0$0$24,104,044
99$30,750,319$0$0$26,405,831
100$33,696,531$0$0$28,937,461