Can I retire at age 30 with 316,000?

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 $316,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$26,095$25,863$25,636$25,414$25,198$24,894
2 years$12,918$12,678$12,445$12,218$11,999$11,693
3 years$8,527$8,285$8,052$7,828$7,613$7,314
4 years$6,331$6,090$5,860$5,640$5,429$5,140
5 years$5,014$4,775$4,548$4,332$4,127$3,849
6 years$4,137$3,899$3,675$3,464$3,266$2,999
7 years$3,510$3,274$3,054$2,848$2,656$2,400
8 years$3,040$2,807$2,590$2,389$2,203$1,958
9 years$2,675$2,444$2,231$2,035$1,856$1,622
10 years$2,383$2,154$1,945$1,754$1,581$1,358
11 years$2,144$1,918$1,712$1,527$1,360$1,147
12 years$1,946$1,721$1,520$1,339$1,178$976
13 years$1,778$1,555$1,358$1,182$1,028$836
14 years$1,634$1,414$1,220$1,050$901$719
15 years$1,509$1,292$1,101$936$793$621
16 years$1,400$1,185$999$838$701$538
17 years$1,304$1,091$909$753$621$468
18 years$1,219$1,008$829$679$553$407
19 years$1,142$935$759$613$493$356
20 years$1,074$869$697$555$440$311
21 years$1,012$809$641$504$394$273
22 years$956$755$591$458$353$239
23 years$905$706$545$417$317$210
24 years$858$662$504$381$285$185
25 years$815$621$467$348$256$162
26 years$775$584$433$318$231$143
27 years$738$549$402$291$208$126
28 years$704$518$374$267$188$111
29 years$673$488$348$244$170$98
30 years$643$461$324$224$153$87
31 years$616$436$302$206$138$76
32 years$590$412$282$189$125$68
33 years$566$391$263$174$113$60
34 years$543$370$246$160$103$53
35 years$522$351$230$147$93$47
36 years$502$333$215$136$84$41
37 years$483$317$201$125$76$36
38 years$465$301$189$115$69$32
39 years$448$286$177$106$63$29
40 years$432$272$166$98$57$25
41 years$417$259$155$91$52$22
42 years$402$247$146$84$47$20
43 years$389$235$137$77$43$18
44 years$375$224$128$71$39$15
45 years$363$214$121$66$35$14
46 years$351$204$113$61$32$12
47 years$340$195$106$56$29$11
48 years$329$186$100$52$26$10
49 years$318$177$94$48$24$8
50 years$309$169$88$44$22$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $316,000, adding $2,635 every year, while hoping to spend $20,998 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: 51/43/6 Blend
29$316,000$316,000$316,000$316,000
30$350,950$334,202$329,304$368,205
31$364,405$328,236$317,994$374,257
32$378,529$321,274$305,601$378,339
33$393,368$313,245$292,068$382,272
34$408,971$304,074$277,332$386,047
35$425,393$293,681$261,330$389,655
36$442,694$281,982$243,995$393,086
37$460,938$268,888$225,258$396,333
38$480,195$254,305$205,045$399,388
39$500,541$238,133$183,281$402,244
40$522,061$220,266$159,885$404,897
41$544,846$200,594$134,776$407,342
42$568,995$178,997$107,866$409,576
43$594,618$155,353$79,064$411,599
44$621,832$129,529$48,277$413,414
45$650,770$101,387$15,405$415,024
46$681,573$70,779$0$416,437
47$714,397$37,551$0$418,924
48$749,413$1,538$0$422,374
49$786,808$0$0$425,829
50$826,788$0$0$447,032
51$869,577$0$0$470,524
52$915,422$0$0$495,717
53$964,593$0$0$522,761
54$1,017,387$0$0$551,823
55$1,074,131$0$0$583,085
56$1,135,180$0$0$616,747
57$1,200,929$0$0$653,029
58$1,271,807$0$0$692,174
59$1,348,289$0$0$734,447
60$1,430,896$0$0$780,139
61$1,520,198$0$0$829,570
62$1,616,825$0$0$883,095
63$1,721,466$0$0$941,100
64$1,834,883$0$0$1,004,011
65$1,957,910$0$0$1,072,296
66$2,091,465$0$0$1,146,472
67$2,236,559$0$0$1,227,105
68$2,394,304$0$0$1,314,820
69$2,565,921$0$0$1,410,301
70$2,752,756$0$0$1,514,304
71$2,956,290$0$0$1,627,661
72$3,178,150$0$0$1,751,285
73$3,420,131$0$0$1,886,184
74$3,684,204$0$0$2,033,464
75$3,972,542$0$0$2,194,347
76$4,287,536$0$0$2,370,173
77$4,631,818$0$0$2,562,422
78$5,008,286$0$0$2,772,721
79$5,420,130$0$0$3,002,861
80$5,870,864$0$0$3,254,817
81$6,364,356$0$0$3,530,760
82$6,904,866$0$0$3,833,084
83$7,497,085$0$0$4,164,424
84$8,146,180$0$0$4,527,682
85$8,857,841$0$0$4,926,055
86$9,638,336$0$0$5,363,064
87$10,494,566$0$0$5,842,585
88$11,434,135$0$0$6,368,891
89$12,465,417$0$0$6,946,687
90$13,597,638$0$0$7,581,155
91$14,840,959$0$0$8,278,005
92$16,206,574$0$0$9,043,526
93$17,706,814$0$0$9,884,647
94$19,355,265$0$0$10,809,001
95$21,166,892$0$0$11,824,997
96$23,158,183$0$0$12,941,899
97$25,347,302$0$0$14,169,913
98$27,754,261$0$0$15,520,285
99$30,401,108$0$0$17,005,404
100$33,312,134$0$0$18,638,919