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%15.3%
1 years$27,251$27,008$26,772$26,540$26,315$25,741
2 years$13,491$13,239$12,996$12,760$12,531$11,956
3 years$8,904$8,652$8,409$8,175$7,950$7,392
4 years$6,612$6,360$6,120$5,890$5,670$5,133
5 years$5,237$4,986$4,749$4,524$4,310$3,795
6 years$4,320$4,072$3,838$3,618$3,411$2,918
7 years$3,666$3,420$3,189$2,974$2,774$2,305
8 years$3,175$2,931$2,705$2,495$2,301$1,855
9 years$2,794$2,552$2,330$2,125$1,938$1,514
10 years$2,489$2,250$2,031$1,832$1,651$1,249
11 years$2,239$2,003$1,788$1,594$1,420$1,040
12 years$2,032$1,797$1,587$1,399$1,231$871
13 years$1,856$1,624$1,418$1,235$1,073$734
14 years$1,706$1,477$1,274$1,096$941$621
15 years$1,576$1,349$1,150$977$828$528
16 years$1,462$1,238$1,043$875$732$450
17 years$1,362$1,140$949$786$649$384
18 years$1,273$1,053$866$709$577$329
19 years$1,193$976$793$640$514$282
20 years$1,122$907$728$580$459$242
21 years$1,057$845$669$526$411$209
22 years$998$789$617$479$369$180
23 years$945$738$570$436$331$155
24 years$896$691$527$398$297$134
25 years$851$649$488$363$268$115
26 years$809$610$453$332$241$100
27 years$771$574$420$304$217$86
28 years$735$541$391$278$196$75
29 years$702$510$364$255$177$64
30 years$672$482$339$234$160$56
31 years$643$455$316$215$145$48
32 years$616$431$295$198$131$42
33 years$591$408$275$182$118$36
34 years$567$387$257$167$107$31
35 years$545$367$240$154$97$27
36 years$524$348$225$142$88$24
37 years$504$331$210$131$80$20
38 years$486$314$197$120$72$18
39 years$468$299$185$111$66$15
40 years$451$284$173$102$59$13
41 years$435$271$162$95$54$12
42 years$420$258$152$87$49$10
43 years$406$246$143$81$44$9
44 years$392$234$134$74$40$8
45 years$379$223$126$69$37$7
46 years$367$213$118$63$33$6
47 years$355$203$111$59$30$5
48 years$343$194$104$54$27$4
49 years$333$185$98$50$25$4
50 years$322$177$92$46$23$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $330,000, adding $4,821 every year, while hoping to spend $22,465 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: 31/45/24 Blend
29$330,000$330,000$330,000$330,000
30$368,633$351,143$346,028$377,211
31$382,331$344,446$333,717$377,458
32$396,673$336,669$320,241$375,390
33$411,702$327,733$305,537$372,707
34$427,462$317,559$289,539$369,369
35$444,003$306,060$272,179$365,337
36$461,380$293,145$253,385$360,568
37$479,649$278,717$233,082$355,017
38$498,875$262,676$211,193$348,639
39$519,127$244,914$187,634$341,387
40$540,479$225,316$162,321$333,211
41$563,014$203,763$135,165$324,061
42$586,821$180,126$106,072$313,883
43$611,997$154,273$74,946$302,624
44$638,648$126,060$41,684$290,229
45$666,891$95,338$6,182$276,638
46$696,853$61,948$0$261,794
47$728,672$25,723$0$253,756
48$762,500$0$0$246,560
49$798,502$0$0$245,282
50$836,861$0$0$257,520
51$877,775$0$0$270,603
52$921,462$0$0$284,606
53$968,161$0$0$299,609
54$1,018,134$0$0$315,700
55$1,071,668$0$0$332,976
56$1,129,077$0$0$351,545
57$1,190,707$0$0$371,522
58$1,256,937$0$0$393,038
59$1,328,183$0$0$416,231
60$1,404,902$0$0$441,259
61$1,487,595$0$0$468,290
62$1,576,813$0$0$497,512
63$1,673,163$0$0$529,130
64$1,777,309$0$0$563,371
65$1,889,983$0$0$600,483
66$2,011,988$0$0$640,740
67$2,144,208$0$0$684,441
68$2,287,616$0$0$731,918
69$2,443,278$0$0$783,534
70$2,612,372$0$0$839,689
71$2,796,190$0$0$900,823
72$2,996,153$0$0$967,420
73$3,213,827$0$0$1,040,014
74$3,450,935$0$0$1,119,191
75$3,709,370$0$0$1,205,597
76$3,991,218$0$0$1,299,942
77$4,298,775$0$0$1,403,008
78$4,634,567$0$0$1,515,656
79$5,001,376$0$0$1,638,836
80$5,402,262$0$0$1,773,590
81$5,840,597$0$0$1,921,068
82$6,320,093$0$0$2,082,536
83$6,844,835$0$0$2,259,388
84$7,419,324$0$0$2,453,158
85$8,048,515$0$0$2,665,537
86$8,737,864$0$0$2,898,387
87$9,493,382$0$0$3,153,758
88$10,321,687$0$0$3,433,908
89$11,230,068$0$0$3,741,325
90$12,226,554$0$0$4,078,750
91$13,319,989$0$0$4,449,199
92$14,520,114$0$0$4,855,999
93$15,837,658$0$0$5,302,811
94$17,284,441$0$0$5,793,670
95$18,873,484$0$0$6,333,021
96$20,619,129$0$0$6,925,760
97$22,537,176$0$0$7,577,282
98$24,645,034$0$0$8,293,529
99$26,961,879$0$0$9,081,050
100$29,508,839$0$0$9,947,058