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%17.1%
1 years$26,260$26,026$25,798$25,575$25,358$24,625
2 years$13,000$12,758$12,523$12,296$12,075$11,343
3 years$8,581$8,337$8,103$7,878$7,661$6,952
4 years$6,371$6,129$5,897$5,676$5,464$4,783
5 years$5,046$4,805$4,576$4,359$4,154$3,504
6 years$4,163$3,924$3,698$3,486$3,287$2,668
7 years$3,532$3,295$3,073$2,866$2,673$2,085
8 years$3,060$2,825$2,607$2,404$2,217$1,661
9 years$2,692$2,459$2,245$2,048$1,867$1,341
10 years$2,398$2,168$1,957$1,765$1,591$1,094
11 years$2,158$1,930$1,723$1,536$1,368$900
12 years$1,958$1,732$1,529$1,348$1,186$746
13 years$1,789$1,565$1,366$1,190$1,034$621
14 years$1,644$1,423$1,228$1,056$906$519
15 years$1,519$1,300$1,108$942$798$435
16 years$1,409$1,193$1,005$843$705$366
17 years$1,312$1,098$914$758$625$309
18 years$1,226$1,015$835$683$556$261
19 years$1,150$941$764$617$496$221
20 years$1,081$874$701$559$443$187
21 years$1,018$814$645$507$396$159
22 years$962$760$595$461$355$135
23 years$910$711$549$420$319$115
24 years$863$666$508$383$287$97
25 years$820$625$470$350$258$83
26 years$780$587$436$320$232$71
27 years$743$553$405$293$209$60
28 years$709$521$376$268$189$51
29 years$677$491$350$246$171$44
30 years$647$464$326$226$154$37
31 years$620$439$304$207$139$32
32 years$594$415$284$191$126$27
33 years$569$393$265$175$114$23
34 years$547$373$248$161$103$20
35 years$525$353$232$148$94$17
36 years$505$335$217$137$85$14
37 years$486$319$203$126$77$12
38 years$468$303$190$116$70$10
39 years$451$288$178$107$63$9
40 years$435$274$167$99$57$8
41 years$419$261$156$91$52$7
42 years$405$248$147$84$47$6
43 years$391$237$138$78$43$5
44 years$378$226$129$72$39$4
45 years$365$215$121$66$35$3
46 years$353$205$114$61$32$3
47 years$342$196$107$56$29$3
48 years$331$187$101$52$26$2
49 years$320$178$95$48$24$2
50 years$310$170$89$45$22$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $318,000, adding $3,817 every year, while hoping to spend $20,796 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: 77/5/18 Blend
29$318,000$318,000$318,000$318,000
30$354,373$337,519$332,590$379,932
31$368,393$331,931$321,605$391,759
32$383,145$325,372$309,555$401,752
33$398,683$317,772$296,383$412,150
34$415,064$309,059$282,027$422,987
35$432,351$299,153$266,426$434,301
36$450,613$287,974$249,513$446,133
37$469,923$275,432$231,219$458,528
38$490,364$261,436$211,473$471,538
39$512,023$245,889$190,200$485,219
40$534,998$228,687$167,320$499,634
41$559,396$209,720$142,753$514,851
42$585,331$188,873$116,413$530,948
43$612,932$166,025$88,209$548,008
44$642,336$141,045$58,050$566,126
45$673,697$113,799$25,837$585,406
46$707,180$84,141$0$605,963
47$742,969$51,921$0$629,564
48$781,264$16,977$0$660,112
49$822,284$0$0$692,818
50$866,269$0$0$729,023
51$913,485$0$0$768,897
52$964,221$0$0$811,752
53$1,018,795$0$0$857,858
54$1,077,556$0$0$907,510
55$1,140,889$0$0$961,035
56$1,209,215$0$0$1,018,790
57$1,282,996$0$0$1,081,168
58$1,362,742$0$0$1,148,599
59$1,449,012$0$0$1,221,558
60$1,542,420$0$0$1,300,567
61$1,643,643$0$0$1,386,199
62$1,753,423$0$0$1,479,085
63$1,872,578$0$0$1,579,916
64$2,002,006$0$0$1,689,456
65$2,142,696$0$0$1,808,544
66$2,295,736$0$0$1,938,101
67$2,462,323$0$0$2,079,144
68$2,643,772$0$0$2,232,788
69$2,841,533$0$0$2,400,264
70$3,057,202$0$0$2,582,924
71$3,292,532$0$0$2,782,257
72$3,549,455$0$0$2,999,902
73$3,830,099$0$0$3,237,664
74$4,136,805$0$0$3,497,527
75$4,472,150$0$0$3,781,680
76$4,838,972$0$0$4,092,530
77$5,240,395$0$0$4,432,728
78$5,679,861$0$0$4,805,192
79$6,161,158$0$0$5,213,139
80$6,688,459$0$0$5,660,107
81$7,266,359$0$0$6,149,996
82$7,899,919$0$0$6,687,099
83$8,594,712$0$0$7,276,145
84$9,356,877$0$0$7,922,343
85$10,193,177$0$0$8,631,430
86$11,111,059$0$0$9,409,726
87$12,118,727$0$0$10,264,192
88$13,225,219$0$0$11,202,496
89$14,440,491$0$0$12,233,084
90$15,775,509$0$0$13,365,262
91$17,242,354$0$0$14,609,281
92$18,854,337$0$0$15,976,434
93$20,626,119$0$0$17,479,162
94$22,573,856$0$0$19,131,172
95$24,715,343$0$0$20,947,565
96$27,070,190$0$0$22,944,978
97$29,659,998$0$0$25,141,742
98$32,508,568$0$0$27,558,050
99$35,642,126$0$0$30,216,156
100$39,089,563$0$0$33,140,575