Can I retire at age 30 with 320,000?

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 $320,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.2%
1 years$26,425$26,190$25,960$25,736$25,517$24,770
2 years$13,082$12,838$12,602$12,373$12,151$11,404
3 years$8,635$8,390$8,154$7,928$7,709$6,986
4 years$6,411$6,167$5,934$5,711$5,498$4,805
5 years$5,078$4,835$4,605$4,387$4,180$3,517
6 years$4,189$3,948$3,722$3,508$3,307$2,677
7 years$3,555$3,316$3,093$2,884$2,690$2,091
8 years$3,079$2,842$2,623$2,420$2,231$1,664
9 years$2,709$2,475$2,259$2,061$1,879$1,343
10 years$2,413$2,181$1,970$1,777$1,601$1,095
11 years$2,172$1,942$1,734$1,546$1,377$901
12 years$1,970$1,743$1,539$1,356$1,193$745
13 years$1,800$1,575$1,375$1,197$1,041$620
14 years$1,654$1,432$1,235$1,063$912$518
15 years$1,528$1,308$1,115$948$803$434
16 years$1,418$1,200$1,011$849$710$365
17 years$1,320$1,105$920$763$629$308
18 years$1,234$1,021$840$687$560$260
19 years$1,157$946$769$621$499$220
20 years$1,088$880$706$562$446$186
21 years$1,025$819$649$510$399$158
22 years$968$765$598$464$357$134
23 years$916$715$552$423$321$114
24 years$869$670$511$385$288$97
25 years$825$629$473$352$259$82
26 years$785$591$439$322$234$70
27 years$748$556$408$295$211$59
28 years$713$524$379$270$190$51
29 years$681$494$353$248$172$43
30 years$651$467$328$227$155$37
31 years$624$441$306$209$140$31
32 years$597$418$286$192$127$27
33 years$573$396$267$176$115$23
34 years$550$375$249$162$104$19
35 years$529$356$233$149$94$17
36 years$508$338$218$138$85$14
37 years$489$321$204$127$77$12
38 years$471$305$191$117$70$10
39 years$454$290$179$108$64$9
40 years$437$276$168$99$58$7
41 years$422$262$157$92$52$6
42 years$407$250$148$85$47$5
43 years$393$238$138$78$43$5
44 years$380$227$130$72$39$4
45 years$368$216$122$67$35$3
46 years$356$206$115$62$32$3
47 years$344$197$108$57$29$2
48 years$333$188$101$53$27$2
49 years$322$180$95$49$24$2
50 years$312$172$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 $320,000, adding $2,731 every year, while hoping to spend $20,137 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: 23/48/29 Blend
29$320,000$320,000$320,000$320,000
30$355,457$338,497$333,537$360,340
31$370,288$333,658$323,285$359,965
32$385,957$327,906$312,014$357,700
33$402,528$321,177$299,670$354,852
34$420,071$313,400$286,194$351,384
35$438,663$304,501$271,526$347,262
36$458,387$294,402$255,603$342,447
37$479,334$283,020$238,358$336,901
38$501,606$270,268$219,722$330,586
39$525,311$256,052$199,624$323,459
40$550,568$240,274$177,987$315,481
41$577,510$222,831$154,734$306,608
42$606,279$203,613$129,780$296,797
43$637,034$182,504$103,042$286,003
44$669,946$159,382$74,429$274,182
45$705,205$134,116$43,847$261,288
46$743,019$106,571$11,199$247,277
47$783,615$76,601$0$232,102
48$827,244$44,054$0$223,034
49$874,179$8,769$0$216,885
50$924,722$0$0$210,178
51$979,204$0$0$218,447
52$1,037,988$0$0$232,409
53$1,101,473$0$0$247,534
54$1,170,099$0$0$263,931
55$1,244,347$0$0$281,722
56$1,324,748$0$0$301,040
57$1,411,884$0$0$322,031
58$1,506,396$0$0$344,858
59$1,608,990$0$0$369,697
60$1,720,439$0$0$396,744
61$1,841,598$0$0$426,215
62$1,973,403$0$0$458,344
63$2,116,888$0$0$493,394
64$2,273,187$0$0$531,651
65$2,443,550$0$0$573,429
66$2,629,353$0$0$619,076
67$2,832,110$0$0$668,975
68$3,053,486$0$0$723,546
69$3,295,317$0$0$783,253
70$3,559,621$0$0$848,607
71$3,848,623$0$0$920,168
72$4,164,768$0$0$998,556
73$4,510,754$0$0$1,084,453
74$4,889,547$0$0$1,178,608
75$5,304,416$0$0$1,281,849
76$5,758,960$0$0$1,395,085
77$6,257,143$0$0$1,519,321
78$6,803,329$0$0$1,655,659
79$7,402,327$0$0$1,805,316
80$8,059,432$0$0$1,969,633
81$8,780,477$0$0$2,150,086
82$9,571,886$0$0$2,348,302
83$10,440,737$0$0$2,566,070
84$11,394,826$0$0$2,805,366
85$12,442,738$0$0$3,068,363
86$13,593,936$0$0$3,357,456
87$14,858,840$0$0$3,675,284
88$16,248,931$0$0$4,024,756
89$17,776,858$0$0$4,409,073
90$19,456,556$0$0$4,831,764
91$21,303,376$0$0$5,296,719
92$23,334,233$0$0$5,808,221
93$25,567,761$0$0$6,370,989
94$28,024,493$0$0$6,990,226
95$30,727,048$0$0$7,671,660
96$33,700,353$0$0$8,421,607
97$36,971,867$0$0$9,247,023
98$40,571,850$0$0$10,155,572
99$44,533,639$0$0$11,155,703
100$48,893,971$0$0$12,256,721