Can I retire at age 30 with 318,000?

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 $318,000?

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%
1 years$26,260$26,026$25,798$25,575$25,358$24,429
2 years$13,000$12,758$12,523$12,296$12,075$11,150
3 years$8,581$8,337$8,103$7,878$7,661$6,768
4 years$6,371$6,129$5,897$5,676$5,464$4,610
5 years$5,046$4,805$4,576$4,359$4,154$3,341
6 years$4,163$3,924$3,698$3,486$3,287$2,517
7 years$3,532$3,295$3,073$2,866$2,673$1,945
8 years$3,060$2,825$2,607$2,404$2,217$1,531
9 years$2,692$2,459$2,245$2,048$1,867$1,221
10 years$2,398$2,168$1,957$1,765$1,591$984
11 years$2,158$1,930$1,723$1,536$1,368$799
12 years$1,958$1,732$1,529$1,348$1,186$653
13 years$1,789$1,565$1,366$1,190$1,034$536
14 years$1,644$1,423$1,228$1,056$906$442
15 years$1,519$1,300$1,108$942$798$366
16 years$1,409$1,193$1,005$843$705$303
17 years$1,312$1,098$914$758$625$252
18 years$1,226$1,015$835$683$556$210
19 years$1,150$941$764$617$496$175
20 years$1,081$874$701$559$443$146
21 years$1,018$814$645$507$396$122
22 years$962$760$595$461$355$102
23 years$910$711$549$420$319$85
24 years$863$666$508$383$287$71
25 years$820$625$470$350$258$60
26 years$780$587$436$320$232$50
27 years$743$553$405$293$209$42
28 years$709$521$376$268$189$35
29 years$677$491$350$246$171$30
30 years$647$464$326$226$154$25
31 years$620$439$304$207$139$21
32 years$594$415$284$191$126$17
33 years$569$393$265$175$114$15
34 years$547$373$248$161$103$12
35 years$525$353$232$148$94$10
36 years$505$335$217$137$85$9
37 years$486$319$203$126$77$7
38 years$468$303$190$116$70$6
39 years$451$288$178$107$63$5
40 years$435$274$167$99$57$4
41 years$419$261$156$91$52$4
42 years$405$248$147$84$47$3
43 years$391$237$138$78$43$3
44 years$378$226$129$72$39$2
45 years$365$215$121$66$35$2
46 years$353$205$114$61$32$2
47 years$342$196$107$56$29$1
48 years$331$187$101$52$26$1
49 years$320$178$95$48$24$1
50 years$310$170$89$45$22$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $318,000, adding $5,436 every year, while hoping to spend $23,198 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: 45/33/22 Blend
29$318,000$318,000$318,000$318,000
30$356,043$339,189$334,260$369,590
31$367,677$331,127$320,775$371,606
32$379,720$321,892$306,061$371,090
33$392,190$311,403$290,053$370,058
34$405,104$299,573$272,680$368,474
35$418,482$286,309$253,872$366,300
36$432,344$271,515$233,554$363,495
37$446,713$255,089$211,648$360,016
38$461,610$236,921$188,071$355,819
39$477,061$216,897$162,738$350,856
40$493,092$194,896$135,560$345,079
41$509,730$170,788$106,444$338,436
42$527,005$144,439$75,292$330,872
43$544,948$115,705$42,003$322,330
44$563,593$84,435$6,471$312,751
45$582,977$50,470$0$302,072
46$603,137$13,640$0$297,610
47$624,116$0$0$294,015
48$645,958$0$0$299,250
49$668,710$0$0$309,869
50$692,424$0$0$320,943
51$717,155$0$0$332,501
52$742,964$0$0$344,571
53$769,913$0$0$357,183
54$798,073$0$0$370,372
55$827,519$0$0$384,175
56$858,331$0$0$398,629
57$890,598$0$0$413,780
58$924,415$0$0$429,672
59$959,885$0$0$446,356
60$997,120$0$0$463,887
61$1,036,242$0$0$482,324
62$1,077,383$0$0$501,732
63$1,120,687$0$0$522,181
64$1,166,310$0$0$543,748
65$1,214,423$0$0$566,517
66$1,265,212$0$0$590,578
67$1,318,880$0$0$616,031
68$1,375,646$0$0$642,985
69$1,435,754$0$0$671,557
70$1,499,466$0$0$701,878
71$1,567,070$0$0$734,090
72$1,638,882$0$0$768,346
73$1,715,246$0$0$804,817
74$1,796,538$0$0$843,688
75$1,883,172$0$0$885,162
76$1,975,599$0$0$929,463
77$2,074,315$0$0$976,834
78$2,179,862$0$0$1,027,542
79$2,292,834$0$0$1,081,881
80$2,413,885$0$0$1,140,173
81$2,543,728$0$0$1,202,771
82$2,683,150$0$0$1,270,063
83$2,833,012$0$0$1,342,473
84$2,994,259$0$0$1,420,470
85$3,167,931$0$0$1,504,565
86$3,355,167$0$0$1,595,324
87$3,557,220$0$0$1,693,364
88$3,775,468$0$0$1,799,367
89$4,011,422$0$0$1,914,081
90$4,266,746$0$0$2,038,328
91$4,543,266$0$0$2,173,011
92$4,842,993$0$0$2,319,126
93$5,168,136$0$0$2,477,765
94$5,521,125$0$0$2,650,131
95$5,904,633$0$0$2,837,547
96$6,321,599$0$0$3,041,468
97$6,775,259$0$0$3,263,496
98$7,269,172$0$0$3,505,392
99$7,807,253$0$0$3,769,095
100$8,393,812$0$0$4,056,741