Can I retire at age 30 with 330,000?

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 $330,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$27,251$27,008$26,772$26,540$26,315$26,040
2 years$13,491$13,239$12,996$12,760$12,531$12,254
3 years$8,904$8,652$8,409$8,175$7,950$7,680
4 years$6,612$6,360$6,120$5,890$5,670$5,409
5 years$5,237$4,986$4,749$4,524$4,310$4,058
6 years$4,320$4,072$3,838$3,618$3,411$3,169
7 years$3,666$3,420$3,189$2,974$2,774$2,542
8 years$3,175$2,931$2,705$2,495$2,301$2,079
9 years$2,794$2,552$2,330$2,125$1,938$1,725
10 years$2,489$2,250$2,031$1,832$1,651$1,448
11 years$2,239$2,003$1,788$1,594$1,420$1,227
12 years$2,032$1,797$1,587$1,399$1,231$1,047
13 years$1,856$1,624$1,418$1,235$1,073$898
14 years$1,706$1,477$1,274$1,096$941$775
15 years$1,576$1,349$1,150$977$828$671
16 years$1,462$1,238$1,043$875$732$583
17 years$1,362$1,140$949$786$649$508
18 years$1,273$1,053$866$709$577$444
19 years$1,193$976$793$640$514$389
20 years$1,122$907$728$580$459$341
21 years$1,057$845$669$526$411$300
22 years$998$789$617$479$369$264
23 years$945$738$570$436$331$232
24 years$896$691$527$398$297$205
25 years$851$649$488$363$268$181
26 years$809$610$453$332$241$160
27 years$771$574$420$304$217$141
28 years$735$541$391$278$196$125
29 years$702$510$364$255$177$111
30 years$672$482$339$234$160$98
31 years$643$455$316$215$145$87
32 years$616$431$295$198$131$77
33 years$591$408$275$182$118$68
34 years$567$387$257$167$107$60
35 years$545$367$240$154$97$54
36 years$524$348$225$142$88$48
37 years$504$331$210$131$80$42
38 years$486$314$197$120$72$37
39 years$468$299$185$111$66$33
40 years$451$284$173$102$59$30
41 years$435$271$162$95$54$26
42 years$420$258$152$87$49$23
43 years$406$246$143$81$44$21
44 years$392$234$134$74$40$18
45 years$379$223$126$69$37$16
46 years$367$213$118$63$33$15
47 years$355$203$111$59$30$13
48 years$343$194$104$54$27$11
49 years$333$185$98$50$25$10
50 years$322$177$92$46$23$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $330,000, adding $5,246 every year, while hoping to spend $20,649 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: 62/26/12 Blend
29$330,000$330,000$330,000$330,000
30$369,071$351,581$346,466$390,590
31$384,746$346,838$336,102$400,912
32$401,328$341,171$324,699$409,336
33$418,887$334,512$312,201$418,024
34$437,501$326,790$298,547$427,002
35$457,254$317,931$283,676$436,298
36$478,238$307,854$267,523$445,946
37$500,554$296,475$250,021$455,984
38$524,313$283,705$231,100$466,454
39$549,636$269,449$210,684$477,404
40$576,654$253,608$188,698$488,888
41$605,514$236,075$165,060$500,966
42$636,374$216,740$139,687$513,706
43$669,407$195,484$112,490$527,183
44$704,807$172,182$83,378$541,484
45$742,781$146,703$52,255$556,703
46$783,560$118,907$19,021$572,948
47$827,396$88,647$0$590,337
48$874,567$55,767$0$611,111
49$925,377$20,104$0$636,048
50$980,161$0$0$662,892
51$1,039,284$0$0$697,140
52$1,103,152$0$0$740,369
53$1,172,206$0$0$787,129
54$1,246,935$0$0$837,753
55$1,327,873$0$0$892,606
56$1,415,611$0$0$952,091
57$1,510,795$0$0$1,016,648
58$1,614,138$0$0$1,086,765
59$1,726,423$0$0$1,162,976
60$1,848,512$0$0$1,245,870
61$1,981,352$0$0$1,336,093
62$2,125,988$0$0$1,434,358
63$2,283,566$0$0$1,541,448
64$2,455,350$0$0$1,658,227
65$2,642,730$0$0$1,785,643
66$2,847,237$0$0$1,924,740
67$3,070,554$0$0$2,076,670
68$3,314,536$0$0$2,242,699
69$3,581,223$0$0$2,424,220
70$3,872,864$0$0$2,622,768
71$4,191,932$0$0$2,840,034
72$4,541,153$0$0$3,077,877
73$4,923,525$0$0$3,338,347
74$5,342,354$0$0$3,623,701
75$5,801,277$0$0$3,936,424
76$6,304,301$0$0$4,279,252
77$6,855,840$0$0$4,655,200
78$7,460,753$0$0$5,067,588
79$8,124,394$0$0$5,520,073
80$8,852,660$0$0$6,016,682
81$9,652,046$0$0$6,561,852
82$10,529,706$0$0$7,160,471
83$11,493,522$0$0$7,817,923
84$12,552,176$0$0$8,540,137
85$13,715,230$0$0$9,333,648
86$14,993,223$0$0$10,205,654
87$16,397,760$0$0$11,164,083
88$17,941,630$0$0$12,217,672
89$19,638,921$0$0$13,376,045
90$21,505,154$0$0$14,649,805
91$23,557,428$0$0$16,050,635
92$25,814,586$0$0$17,591,405
93$28,297,383$0$0$19,286,298
94$31,028,692$0$0$21,150,938
95$34,033,712$0$0$23,202,541
96$37,340,206$0$0$25,460,075
97$40,978,767$0$0$27,944,439
98$44,983,102$0$0$30,678,663
99$49,390,350$0$0$33,688,120
100$54,241,436$0$0$37,000,770