Can I retire at age 30 with 329,000?

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 $329,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$27,169$26,927$26,690$26,460$26,235$25,800
2 years$13,450$13,199$12,957$12,721$12,493$12,056
3 years$8,877$8,626$8,384$8,151$7,926$7,501
4 years$6,592$6,341$6,101$5,872$5,653$5,243
5 years$5,221$4,971$4,735$4,510$4,297$3,903
6 years$4,307$4,059$3,826$3,607$3,400$3,023
7 years$3,654$3,409$3,180$2,965$2,765$2,404
8 years$3,165$2,922$2,697$2,488$2,294$1,950
9 years$2,785$2,544$2,323$2,119$1,932$1,604
10 years$2,481$2,243$2,025$1,827$1,646$1,334
11 years$2,233$1,997$1,783$1,590$1,416$1,120
12 years$2,026$1,792$1,582$1,394$1,227$946
13 years$1,851$1,619$1,414$1,231$1,070$804
14 years$1,701$1,472$1,270$1,093$938$687
15 years$1,571$1,345$1,147$975$826$588
16 years$1,458$1,234$1,040$873$730$506
17 years$1,358$1,136$946$784$647$436
18 years$1,269$1,050$864$707$575$377
19 years$1,189$973$791$638$513$327
20 years$1,118$904$726$578$458$283
21 years$1,054$842$667$525$410$246
22 years$995$786$615$477$367$214
23 years$942$735$568$435$330$187
24 years$893$689$525$396$296$163
25 years$848$647$486$362$267$142
26 years$807$608$451$331$240$124
27 years$769$572$419$303$217$108
28 years$733$539$389$278$195$95
29 years$700$508$362$255$177$83
30 years$670$480$338$234$159$72
31 years$641$454$315$215$144$63
32 years$614$429$294$197$130$55
33 years$589$407$274$181$118$48
34 years$566$385$256$167$107$42
35 years$543$366$240$154$97$37
36 years$523$347$224$141$88$33
37 years$503$330$210$130$79$29
38 years$484$313$196$120$72$25
39 years$467$298$184$111$65$22
40 years$450$283$172$102$59$19
41 years$434$270$162$94$54$17
42 years$419$257$152$87$49$15
43 years$405$245$142$80$44$13
44 years$391$233$134$74$40$11
45 years$378$222$125$68$36$10
46 years$366$212$118$63$33$9
47 years$354$203$111$58$30$8
48 years$342$193$104$54$27$7
49 years$332$185$98$50$25$6
50 years$321$176$92$46$23$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $329,000, adding $6,632 every year, while hoping to spend $24,627 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: 45/30/25 Blend
29$329,000$329,000$329,000$329,000
30$369,399$351,962$346,862$383,096
31$380,875$343,005$332,279$384,479
32$392,696$332,784$316,382$383,074
33$404,871$321,211$299,101$381,064
34$417,410$308,192$280,363$378,404
35$430,322$293,630$260,092$375,049
36$443,616$277,419$238,207$370,950
37$457,303$259,451$214,625$366,056
38$471,392$239,608$189,258$360,313
39$485,892$217,767$162,017$353,662
40$500,813$193,798$132,804$346,044
41$516,165$167,563$101,523$337,394
42$531,958$138,917$68,067$327,644
43$548,200$107,707$32,330$316,724
44$564,902$73,770$0$304,556
45$582,072$36,934$0$292,611
46$599,719$0$0$288,560
47$617,852$0$0$284,697
48$636,478$0$0$293,251
49$655,607$0$0$302,031
50$675,243$0$0$311,042
51$695,395$0$0$320,285
52$716,067$0$0$329,763
53$737,265$0$0$339,477
54$758,992$0$0$349,428
55$781,251$0$0$359,617
56$804,043$0$0$370,044
57$827,367$0$0$380,707
58$851,222$0$0$391,604
59$875,603$0$0$402,734
60$900,504$0$0$414,090
61$925,916$0$0$425,669
62$951,827$0$0$437,464
63$978,222$0$0$449,465
64$1,005,082$0$0$461,662
65$1,032,386$0$0$474,044
66$1,060,105$0$0$486,596
67$1,088,208$0$0$499,300
68$1,116,656$0$0$512,137
69$1,145,406$0$0$525,083
70$1,174,406$0$0$538,112
71$1,203,597$0$0$551,193
72$1,232,912$0$0$564,292
73$1,262,273$0$0$577,368
74$1,291,593$0$0$590,377
75$1,320,771$0$0$603,268
76$1,349,695$0$0$615,982
77$1,378,236$0$0$628,456
78$1,406,251$0$0$640,616
79$1,433,577$0$0$652,380
80$1,460,034$0$0$663,656
81$1,485,416$0$0$674,341
82$1,509,496$0$0$684,320
83$1,532,018$0$0$693,465
84$1,552,696$0$0$701,632
85$1,571,213$0$0$708,662
86$1,587,213$0$0$714,375
87$1,600,300$0$0$718,575
88$1,610,035$0$0$721,039
89$1,615,928$0$0$721,524
90$1,617,434$0$0$719,757
91$1,613,950$0$0$715,436
92$1,604,803$0$0$708,225
93$1,589,250$0$0$697,753
94$1,566,464$0$0$683,607
95$1,535,531$0$0$665,331
96$1,495,434$0$0$642,419
97$1,445,051$0$0$614,310
98$1,383,137$0$0$580,385
99$1,308,314$0$0$539,956
100$1,219,059$0$0$492,266