Can I retire at age 30 with 338,000?

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 $338,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.5%
1 years$27,912$27,663$27,421$27,184$26,953$26,237
2 years$13,818$13,560$13,311$13,069$12,835$12,119
3 years$9,120$8,862$8,613$8,374$8,143$7,449
4 years$6,772$6,514$6,268$6,033$5,807$5,141
5 years$5,363$5,107$4,864$4,634$4,415$3,778
6 years$4,425$4,171$3,931$3,706$3,493$2,886
7 years$3,754$3,502$3,267$3,047$2,841$2,263
8 years$3,252$3,002$2,770$2,556$2,357$1,809
9 years$2,861$2,614$2,386$2,177$1,985$1,466
10 years$2,549$2,304$2,080$1,876$1,691$1,201
11 years$2,294$2,051$1,831$1,633$1,454$992
12 years$2,081$1,841$1,625$1,432$1,260$825
13 years$1,901$1,664$1,452$1,265$1,099$689
14 years$1,747$1,512$1,305$1,123$963$579
15 years$1,614$1,382$1,178$1,001$848$487
16 years$1,497$1,268$1,068$896$750$412
17 years$1,395$1,167$972$805$665$349
18 years$1,304$1,079$887$726$591$296
19 years$1,222$1,000$812$656$527$252
20 years$1,149$929$745$594$471$214
21 years$1,083$865$686$539$421$183
22 years$1,022$808$632$490$377$156
23 years$968$755$583$446$339$133
24 years$917$708$540$407$305$114
25 years$871$664$500$372$274$97
26 years$829$624$464$340$247$83
27 years$790$588$430$311$223$71
28 years$753$554$400$285$201$61
29 years$720$522$372$261$181$52
30 years$688$493$347$240$164$45
31 years$659$466$323$220$148$38
32 years$631$441$302$203$134$33
33 years$605$418$282$186$121$28
34 years$581$396$263$171$110$24
35 years$558$376$246$158$99$21
36 years$537$356$230$145$90$18
37 years$517$339$215$134$82$15
38 years$497$322$202$123$74$13
39 years$479$306$189$114$67$11
40 years$462$291$177$105$61$10
41 years$446$277$166$97$55$8
42 years$430$264$156$89$50$7
43 years$416$251$146$82$45$6
44 years$402$240$137$76$41$5
45 years$388$229$129$70$37$4
46 years$376$218$121$65$34$4
47 years$363$208$114$60$31$3
48 years$352$199$107$55$28$3
49 years$341$190$100$51$25$2
50 years$330$181$94$47$23$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $338,000, adding $2,801 every year, while hoping to spend $20,885 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: 43/38/19 Blend
29$338,000$338,000$338,000$338,000
30$375,365$357,451$352,212$389,321
31$391,431$352,745$341,790$394,740
32$408,436$347,108$330,318$398,346
33$426,452$340,473$317,741$401,819
34$445,562$332,768$303,997$405,155
35$465,853$323,917$289,024$408,355
36$487,421$313,840$272,757$411,419
37$510,372$302,452$255,128$414,349
38$534,821$289,662$236,066$417,151
39$560,893$275,377$215,495$419,832
40$588,728$259,494$193,338$422,401
41$618,477$241,907$169,513$424,873
42$650,305$222,505$143,936$427,264
43$684,396$201,167$116,517$429,596
44$720,948$177,768$87,164$431,896
45$760,181$152,175$55,780$434,194
46$802,335$124,247$22,264$436,530
47$847,674$93,836$0$438,948
48$896,488$60,785$0$444,239
49$949,095$24,929$0$454,723
50$1,005,845$0$0$465,978
51$1,067,121$0$0$483,926
52$1,133,346$0$0$514,623
53$1,204,984$0$0$547,862
54$1,282,543$0$0$583,886
55$1,366,586$0$0$622,959
56$1,457,727$0$0$665,372
57$1,556,644$0$0$711,445
58$1,664,084$0$0$761,531
59$1,780,864$0$0$816,018
60$1,907,889$0$0$875,333
61$2,046,149$0$0$939,943
62$2,196,737$0$0$1,010,367
63$2,360,855$0$0$1,087,173
64$2,539,824$0$0$1,170,985
65$2,735,100$0$0$1,262,494
66$2,948,284$0$0$1,362,456
67$3,181,141$0$0$1,471,707
68$3,435,612$0$0$1,591,166
69$3,713,833$0$0$1,721,844
70$4,018,158$0$0$1,864,855
71$4,351,178$0$0$2,021,425
72$4,715,746$0$0$2,192,906
73$5,115,004$0$0$2,380,784
74$5,552,410$0$0$2,586,699
75$6,031,776$0$0$2,812,454
76$6,557,298$0$0$3,060,036
77$7,133,596$0$0$3,331,634
78$7,765,762$0$0$3,629,658
79$8,459,401$0$0$3,956,764
80$9,220,690$0$0$4,315,876
81$10,056,431$0$0$4,710,217
82$10,974,117$0$0$5,143,335
83$11,982,003$0$0$5,619,141
84$13,089,182$0$0$6,141,942
85$14,305,672$0$0$6,716,482
86$15,642,507$0$0$7,347,988
87$17,111,845$0$0$8,042,222
88$18,727,081$0$0$8,805,526
89$20,502,970$0$0$9,644,891
90$22,455,771$0$0$10,568,020
91$24,603,394$0$0$11,583,397
92$26,965,575$0$0$12,700,372
93$29,564,056$0$0$13,929,246
94$32,422,793$0$0$15,281,368
95$35,568,183$0$0$16,769,244
96$39,029,308$0$0$18,406,652
97$42,838,213$0$0$20,208,775
98$47,030,206$0$0$22,192,341
99$51,644,190$0$0$24,375,781
100$56,723,033$0$0$26,779,407