Can I retire at age 30 with 331,000?

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 $331,000?

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$27,334$27,090$26,853$26,621$26,394$25,621
2 years$13,532$13,280$13,035$12,798$12,569$11,796
3 years$8,931$8,678$8,435$8,200$7,974$7,226
4 years$6,632$6,379$6,138$5,908$5,687$4,970
5 years$5,252$5,002$4,764$4,538$4,323$3,638
6 years$4,333$4,084$3,850$3,629$3,421$2,769
7 years$3,677$3,430$3,199$2,983$2,782$2,163
8 years$3,185$2,940$2,713$2,503$2,308$1,722
9 years$2,802$2,560$2,337$2,132$1,944$1,389
10 years$2,496$2,256$2,037$1,838$1,656$1,133
11 years$2,246$2,009$1,794$1,599$1,424$932
12 years$2,038$1,803$1,592$1,403$1,234$771
13 years$1,862$1,629$1,422$1,238$1,076$641
14 years$1,711$1,481$1,278$1,099$944$536
15 years$1,581$1,353$1,154$980$831$449
16 years$1,466$1,241$1,046$878$734$378
17 years$1,366$1,143$952$789$651$318
18 years$1,277$1,056$869$711$579$269
19 years$1,197$979$795$642$516$227
20 years$1,125$910$730$582$461$192
21 years$1,060$847$671$528$412$163
22 years$1,001$791$619$480$370$138
23 years$948$740$571$437$332$118
24 years$898$693$528$399$298$100
25 years$853$650$489$364$268$85
26 years$812$611$454$333$242$72
27 years$773$575$422$305$218$62
28 years$738$542$392$279$197$52
29 years$705$511$365$256$178$45
30 years$674$483$340$235$160$38
31 years$645$457$317$216$145$32
32 years$618$432$295$198$131$28
33 years$593$409$276$182$119$24
34 years$569$388$258$168$108$20
35 years$547$368$241$154$97$17
36 years$526$349$225$142$88$15
37 years$506$332$211$131$80$12
38 years$487$315$198$121$73$11
39 years$469$300$185$111$66$9
40 years$453$285$174$103$60$8
41 years$437$271$163$95$54$7
42 years$421$258$153$87$49$6
43 years$407$246$143$81$45$5
44 years$393$235$134$75$40$4
45 years$380$224$126$69$37$3
46 years$368$214$119$64$33$3
47 years$356$204$111$59$30$3
48 years$344$195$105$54$27$2
49 years$334$186$98$50$25$2
50 years$323$177$92$46$23$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $331,000, adding $3,332 every year, while hoping to spend $23,424 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: 81/6/13 Blend
29$331,000$331,000$331,000$331,000
30$368,199$350,656$345,525$396,846
31$380,832$342,915$332,178$408,392
32$393,969$334,010$317,598$417,670
33$407,636$323,859$301,719$427,170
34$421,862$312,375$284,474$436,903
35$436,677$299,466$265,789$446,882
36$452,115$285,036$245,589$457,120
37$468,210$268,983$223,796$467,631
38$485,002$251,197$200,327$478,432
39$502,530$231,564$175,097$489,540
40$520,841$209,964$148,015$500,977
41$539,981$186,266$118,988$512,764
42$560,003$160,338$87,919$524,926
43$580,964$132,034$54,704$537,491
44$602,923$101,204$19,237$550,489
45$625,947$67,689$0$563,954
46$650,107$31,320$0$580,506
47$675,482$0$0$600,621
48$702,156$0$0$622,224
49$730,220$0$0$647,132
50$759,774$0$0$673,365
51$790,928$0$0$701,022
52$823,800$0$0$730,207
53$858,519$0$0$761,037
54$895,226$0$0$793,635
55$934,075$0$0$828,141
56$975,235$0$0$864,703
57$1,018,887$0$0$903,485
58$1,065,234$0$0$944,666
59$1,114,495$0$0$988,443
60$1,166,909$0$0$1,035,028
61$1,222,739$0$0$1,084,656
62$1,282,274$0$0$1,137,584
63$1,345,828$0$0$1,194,093
64$1,413,746$0$0$1,254,491
65$1,486,408$0$0$1,319,115
66$1,564,227$0$0$1,388,336
67$1,647,660$0$0$1,462,560
68$1,737,204$0$0$1,542,232
69$1,833,409$0$0$1,627,841
70$1,936,876$0$0$1,719,924
71$2,048,265$0$0$1,819,069
72$2,168,301$0$0$1,925,924
73$2,297,781$0$0$2,041,200
74$2,437,579$0$0$2,165,677
75$2,588,658$0$0$2,300,213
76$2,752,074$0$0$2,445,751
77$2,928,989$0$0$2,603,329
78$3,120,680$0$0$2,774,084
79$3,328,550$0$0$2,959,271
80$3,554,144$0$0$3,160,268
81$3,799,160$0$0$3,378,589
82$4,065,467$0$0$3,615,902
83$4,355,119$0$0$3,874,041
84$4,670,377$0$0$4,155,024
85$5,013,729$0$0$4,461,070
86$5,387,912$0$0$4,794,624
87$5,795,940$0$0$5,158,374
88$6,241,129$0$0$5,555,279
89$6,727,127$0$0$5,988,597
90$7,257,954$0$0$6,461,914
91$7,838,032$0$0$6,979,178
92$8,472,230$0$0$7,544,734
93$9,165,910$0$0$8,163,368
94$9,924,975$0$0$8,840,348
95$10,755,926$0$0$9,581,476
96$11,665,919$0$0$10,393,141
97$12,662,838$0$0$11,282,377
98$13,755,362$0$0$12,256,934
99$14,953,053$0$0$13,325,343
100$16,266,440$0$0$14,497,004