Can I retire at age 30 with 323,000?

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 $323,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%17.6%
1 years$26,673$26,435$26,204$25,977$25,756$24,962
2 years$13,204$12,959$12,720$12,489$12,265$11,471
3 years$8,716$8,469$8,231$8,002$7,781$7,014
4 years$6,472$6,225$5,990$5,765$5,550$4,814
5 years$5,125$4,881$4,648$4,428$4,219$3,517
6 years$4,228$3,985$3,757$3,541$3,338$2,671
7 years$3,588$3,347$3,122$2,911$2,715$2,081
8 years$3,108$2,869$2,648$2,442$2,252$1,653
9 years$2,734$2,498$2,280$2,080$1,897$1,331
10 years$2,436$2,202$1,988$1,793$1,616$1,082
11 years$2,192$1,960$1,750$1,561$1,390$888
12 years$1,989$1,759$1,553$1,369$1,204$733
13 years$1,817$1,590$1,388$1,209$1,050$608
14 years$1,670$1,445$1,247$1,073$921$506
15 years$1,542$1,320$1,126$957$811$423
16 years$1,431$1,211$1,021$857$716$355
17 years$1,333$1,116$929$770$635$298
18 years$1,246$1,031$848$694$565$251
19 years$1,168$955$776$627$503$212
20 years$1,098$888$712$568$450$179
21 years$1,035$827$655$515$402$151
22 years$977$772$604$468$361$128
23 years$925$722$558$427$324$108
24 years$877$676$516$389$291$92
25 years$833$635$478$355$262$78
26 years$792$597$443$325$236$66
27 years$755$561$411$297$213$56
28 years$720$529$382$272$192$47
29 years$688$499$356$250$173$40
30 years$657$471$331$229$157$34
31 years$629$446$309$211$142$29
32 years$603$422$288$194$128$25
33 years$578$399$269$178$116$21
34 years$555$378$252$164$105$18
35 years$534$359$235$151$95$15
36 years$513$341$220$139$86$13
37 years$494$324$206$128$78$11
38 years$475$307$193$118$71$9
39 years$458$292$181$109$64$8
40 years$442$278$169$100$58$7
41 years$426$265$159$93$53$6
42 years$411$252$149$85$48$5
43 years$397$240$140$79$43$4
44 years$384$229$131$73$39$4
45 years$371$218$123$67$36$3
46 years$359$208$116$62$33$3
47 years$347$199$109$57$30$2
48 years$336$190$102$53$27$2
49 years$326$181$96$49$24$2
50 years$315$173$90$45$22$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $323,000, adding $6,354 every year, while hoping to spend $21,413 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: 48/47/5 Blend
29$323,000$323,000$323,000$323,000
30$362,500$345,381$340,375$379,137
31$376,692$339,522$328,994$385,328
32$391,614$332,657$316,514$389,245
33$407,317$324,716$302,876$392,986
34$423,858$315,622$288,018$396,541
35$441,299$305,295$271,874$399,899
36$459,707$293,650$254,377$403,050
37$479,154$280,596$235,455$405,984
38$499,721$266,038$215,036$408,694
39$521,493$249,874$193,040$411,171
40$544,566$231,999$169,388$413,408
41$569,044$212,300$143,995$415,401
42$595,041$190,656$116,773$417,147
43$622,679$166,942$87,629$418,643
44$652,095$141,026$56,467$419,892
45$683,438$112,765$23,188$420,897
46$716,870$82,011$0$421,666
47$752,569$48,608$0$422,867
48$790,730$12,390$0$425,222
49$831,568$0$0$427,519
50$875,318$0$0$443,662
51$922,236$0$0$467,871
52$972,605$0$0$493,885
53$1,026,735$0$0$521,870
54$1,084,967$0$0$552,003
55$1,147,674$0$0$584,483
56$1,215,266$0$0$619,525
57$1,288,194$0$0$657,367
58$1,366,954$0$0$698,270
59$1,452,089$0$0$742,522
60$1,544,197$0$0$790,438
61$1,643,937$0$0$842,365
62$1,752,030$0$0$898,685
63$1,869,271$0$0$959,817
64$1,996,535$0$0$1,026,223
65$2,134,783$0$0$1,098,410
66$2,285,072$0$0$1,176,936
67$2,448,566$0$0$1,262,417
68$2,626,544$0$0$1,355,527
69$2,820,415$0$0$1,457,012
70$3,031,728$0$0$1,567,690
71$3,262,190$0$0$1,688,462
72$3,513,678$0$0$1,820,320
73$3,788,257$0$0$1,964,356
74$4,088,204$0$0$2,121,772
75$4,416,022$0$0$2,293,892
76$4,774,468$0$0$2,482,173
77$5,166,578$0$0$2,688,218
78$5,595,694$0$0$2,913,796
79$6,065,498$0$0$3,160,851
80$6,580,041$0$0$3,431,525
81$7,143,787$0$0$3,728,179
82$7,761,651$0$0$4,053,411
83$8,439,047$0$0$4,410,082
84$9,181,938$0$0$4,801,346
85$9,996,890$0$0$5,230,674
86$10,891,136$0$0$5,701,890
87$11,872,644$0$0$6,219,207
88$12,950,191$0$0$6,787,266
89$14,133,442$0$0$7,411,179
90$15,433,050$0$0$8,096,576
91$16,860,743$0$0$8,849,662
92$18,429,448$0$0$9,677,271
93$20,153,401$0$0$10,586,931
94$22,048,288$0$0$11,586,938
95$24,131,390$0$0$12,686,430
96$26,421,744$0$0$13,895,476
97$28,940,327$0$0$15,225,167
98$31,710,248$0$0$16,687,727
99$34,756,967$0$0$18,296,619
100$38,108,539$0$0$20,066,681