Can I retire at age 30 with 339,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $339,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.7%
1 years$27,994$27,745$27,502$27,264$27,032$26,839
2 years$13,859$13,600$13,350$13,108$12,873$12,678
3 years$9,147$8,888$8,639$8,398$8,167$7,977
4 years$6,792$6,534$6,287$6,050$5,825$5,640
5 years$5,379$5,122$4,879$4,647$4,428$4,250
6 years$4,438$4,183$3,943$3,717$3,504$3,332
7 years$3,766$3,513$3,276$3,056$2,849$2,685
8 years$3,262$3,011$2,779$2,563$2,364$2,206
9 years$2,870$2,622$2,393$2,183$1,991$1,840
10 years$2,557$2,311$2,086$1,882$1,696$1,552
11 years$2,301$2,057$1,837$1,638$1,459$1,321
12 years$2,087$1,846$1,630$1,437$1,264$1,133
13 years$1,907$1,669$1,456$1,268$1,102$977
14 years$1,752$1,517$1,309$1,126$966$847
15 years$1,619$1,386$1,182$1,004$851$738
16 years$1,502$1,271$1,071$899$752$644
17 years$1,399$1,171$975$808$667$565
18 years$1,307$1,082$890$728$593$496
19 years$1,226$1,003$815$658$528$437
20 years$1,152$932$748$596$472$386
21 years$1,086$868$688$541$422$341
22 years$1,025$810$634$492$379$302
23 years$971$758$585$448$340$267
24 years$920$710$541$408$305$237
25 years$874$666$501$373$275$211
26 years$831$626$465$341$248$187
27 years$792$589$432$312$223$167
28 years$756$555$401$286$201$148
29 years$722$524$373$262$182$132
30 years$690$495$348$241$164$118
31 years$661$468$324$221$149$105
32 years$633$442$303$203$134$94
33 years$607$419$283$187$122$84
34 years$583$397$264$172$110$75
35 years$560$377$247$158$100$67
36 years$538$358$231$146$90$60
37 years$518$340$216$134$82$53
38 years$499$323$202$124$74$48
39 years$481$307$190$114$67$43
40 years$463$292$178$105$61$38
41 years$447$278$167$97$55$34
42 years$432$265$156$90$50$30
43 years$417$252$147$83$46$27
44 years$403$240$138$76$41$24
45 years$389$229$129$71$38$22
46 years$377$219$121$65$34$19
47 years$364$209$114$60$31$17
48 years$353$199$107$56$28$16
49 years$342$190$101$51$26$14
50 years$331$182$95$48$23$12

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $339,000, adding $4,481 every year, while hoping to spend $23,033 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: 49/35/16 Blend
29$339,000$339,000$339,000$339,000
30$378,200$360,233$354,979$394,844
31$392,270$353,378$342,364$399,950
32$407,002$345,414$328,554$402,754
33$422,441$336,264$313,485$405,297
34$438,634$325,845$297,090$407,564
35$455,631$314,067$279,299$409,537
36$473,487$300,839$260,038$411,201
37$492,264$286,061$239,230$412,539
38$512,026$269,629$216,795$413,534
39$532,844$251,432$192,650$414,172
40$554,796$231,355$166,706$414,436
41$577,968$209,273$138,872$414,312
42$602,450$185,057$109,054$413,786
43$628,343$158,568$77,151$412,846
44$655,757$129,662$43,059$411,480
45$684,813$98,183$6,669$409,678
46$715,640$63,970$0$407,434
47$748,382$26,852$0$410,232
48$783,197$0$0$414,152
49$820,254$0$0$423,219
50$859,742$0$0$443,921
51$901,866$0$0$466,027
52$946,852$0$0$489,658
53$994,945$0$0$514,946
54$1,046,417$0$0$542,037
55$1,101,563$0$0$571,090
56$1,160,709$0$0$602,280
57$1,224,212$0$0$635,800
58$1,292,463$0$0$671,859
59$1,365,892$0$0$710,688
60$1,444,972$0$0$752,543
61$1,530,219$0$0$797,703
62$1,622,205$0$0$846,473
63$1,721,554$0$0$899,190
64$1,828,955$0$0$956,226
65$1,945,161$0$0$1,017,987
66$2,071,005$0$0$1,084,921
67$2,207,400$0$0$1,157,520
68$2,355,349$0$0$1,236,325
69$2,515,956$0$0$1,321,931
70$2,690,437$0$0$1,414,993
71$2,880,128$0$0$1,516,232
72$3,086,498$0$0$1,626,440
73$3,311,164$0$0$1,746,489
74$3,555,907$0$0$1,877,338
75$3,822,683$0$0$2,020,045
76$4,113,649$0$0$2,175,771
77$4,431,177$0$0$2,345,796
78$4,777,878$0$0$2,531,528
79$5,156,626$0$0$2,734,519
80$5,570,586$0$0$2,956,475
81$6,023,241$0$0$3,199,277
82$6,518,427$0$0$3,464,993
83$7,060,368$0$0$3,755,903
84$7,653,714$0$0$4,074,517
85$8,303,586$0$0$4,423,597
86$9,015,626$0$0$4,806,189
87$9,796,043$0$0$5,225,643
88$10,651,679$0$0$5,685,653
89$11,590,068$0$0$6,190,284
90$12,619,507$0$0$6,744,015
91$13,749,138$0$0$7,351,779
92$14,989,028$0$0$8,019,012
93$16,350,268$0$0$8,751,699
94$17,845,073$0$0$9,556,435
95$19,486,901$0$0$10,440,483
96$21,290,577$0$0$11,411,848
97$23,272,432$0$0$12,479,344
98$25,450,459$0$0$13,652,685
99$27,844,478$0$0$14,942,570
100$30,476,326$0$0$16,360,789