Can I retire at age 30 with 339,000?

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 $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%18.2%
1 years$27,994$27,745$27,502$27,264$27,032$26,136
2 years$13,859$13,600$13,350$13,108$12,873$11,978
3 years$9,147$8,888$8,639$8,398$8,167$7,302
4 years$6,792$6,534$6,287$6,050$5,825$4,997
5 years$5,379$5,122$4,879$4,647$4,428$3,639
6 years$4,438$4,183$3,943$3,717$3,504$2,754
7 years$3,766$3,513$3,276$3,056$2,849$2,139
8 years$3,262$3,011$2,779$2,563$2,364$1,693
9 years$2,870$2,622$2,393$2,183$1,991$1,358
10 years$2,557$2,311$2,086$1,882$1,696$1,100
11 years$2,301$2,057$1,837$1,638$1,459$899
12 years$2,087$1,846$1,630$1,437$1,264$739
13 years$1,907$1,669$1,456$1,268$1,102$611
14 years$1,752$1,517$1,309$1,126$966$507
15 years$1,619$1,386$1,182$1,004$851$422
16 years$1,502$1,271$1,071$899$752$352
17 years$1,399$1,171$975$808$667$294
18 years$1,307$1,082$890$728$593$247
19 years$1,226$1,003$815$658$528$207
20 years$1,152$932$748$596$472$174
21 years$1,086$868$688$541$422$146
22 years$1,025$810$634$492$379$123
23 years$971$758$585$448$340$104
24 years$920$710$541$408$305$88
25 years$874$666$501$373$275$74
26 years$831$626$465$341$248$62
27 years$792$589$432$312$223$53
28 years$756$555$401$286$201$44
29 years$722$524$373$262$182$38
30 years$690$495$348$241$164$32
31 years$661$468$324$221$149$27
32 years$633$442$303$203$134$23
33 years$607$419$283$187$122$19
34 years$583$397$264$172$110$16
35 years$560$377$247$158$100$14
36 years$538$358$231$146$90$12
37 years$518$340$216$134$82$10
38 years$499$323$202$124$74$8
39 years$481$307$190$114$67$7
40 years$463$292$178$105$61$6
41 years$447$278$167$97$55$5
42 years$432$265$156$90$50$4
43 years$417$252$147$83$46$4
44 years$403$240$138$76$41$3
45 years$389$229$129$71$38$3
46 years$377$219$121$65$34$2
47 years$364$209$114$60$31$2
48 years$353$199$107$56$28$2
49 years$342$190$101$51$26$1
50 years$331$182$95$48$23$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $339,000, adding $5,992 every year, while hoping to spend $23,955 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: 46/31/23 Blend
29$339,000$339,000$339,000$339,000
30$379,759$361,792$356,537$394,478
31$393,006$354,032$342,993$397,661
32$406,802$345,088$328,193$398,284
33$421,177$334,879$312,068$398,476
34$436,164$323,315$294,549$398,208
35$451,798$310,303$275,562$397,450
36$468,118$295,744$255,030$396,171
37$485,165$279,535$232,873$394,340
38$502,984$261,564$209,006$391,924
39$521,623$241,715$183,343$388,887
40$541,134$219,865$155,790$385,194
41$561,574$195,883$126,254$380,810
42$583,004$169,630$94,632$375,696
43$605,491$140,962$60,823$369,815
44$629,106$109,725$24,716$363,126
45$653,929$75,755$0$355,590
46$680,044$38,881$0$350,558
47$707,544$0$0$351,289
48$736,531$0$0$352,070
49$767,114$0$0$366,902
50$799,413$0$0$382,583
51$833,560$0$0$399,179
52$869,697$0$0$416,762
53$907,979$0$0$435,409
54$948,578$0$0$455,206
55$991,680$0$0$476,247
56$1,037,488$0$0$498,635
57$1,086,225$0$0$522,481
58$1,138,135$0$0$547,909
59$1,193,485$0$0$575,052
60$1,252,568$0$0$604,059
61$1,315,703$0$0$635,090
62$1,383,242$0$0$668,323
63$1,455,571$0$0$703,953
64$1,533,111$0$0$742,191
65$1,616,326$0$0$783,273
66$1,705,724$0$0$827,454
67$1,801,863$0$0$875,017
68$1,905,357$0$0$926,271
69$2,016,877$0$0$981,556
70$2,137,164$0$0$1,041,245
71$2,267,029$0$0$1,105,749
72$2,407,364$0$0$1,175,519
73$2,559,150$0$0$1,251,050
74$2,723,464$0$0$1,332,888
75$2,901,492$0$0$1,421,632
76$3,094,536$0$0$1,517,940
77$3,304,028$0$0$1,622,538
78$3,531,546$0$0$1,736,222
79$3,778,821$0$0$1,859,870
80$4,047,760$0$0$1,994,447
81$4,340,462$0$0$2,141,013
82$4,659,233$0$0$2,300,739
83$5,006,615$0$0$2,474,908
84$5,385,402$0$0$2,664,937
85$5,798,671$0$0$2,872,383
86$6,249,808$0$0$3,098,960
87$6,742,541$0$0$3,346,557
88$7,280,973$0$0$3,617,250
89$7,869,622$0$0$3,913,329
90$8,513,461$0$0$4,237,312
91$9,217,969$0$0$4,591,974
92$9,989,174$0$0$4,980,368
93$10,833,717$0$0$5,405,859
94$11,758,912$0$0$5,872,150
95$12,772,812$0$0$6,383,323
96$13,884,286$0$0$6,943,870
97$15,103,103$0$0$7,558,741
98$16,440,022$0$0$8,233,386
99$17,906,893$0$0$8,973,810
100$19,516,769$0$0$9,786,627