Can I retire at age 30 with 340,000?

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 $340,000?

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$28,077$27,827$27,583$27,345$27,112$26,318
2 years$13,899$13,641$13,390$13,146$12,911$12,117
3 years$9,174$8,914$8,664$8,423$8,191$7,423
4 years$6,812$6,553$6,305$6,068$5,842$5,105
5 years$5,395$5,138$4,893$4,661$4,441$3,737
6 years$4,451$4,195$3,954$3,727$3,514$2,844
7 years$3,777$3,523$3,286$3,065$2,858$2,222
8 years$3,271$3,020$2,787$2,571$2,371$1,768
9 years$2,878$2,629$2,400$2,190$1,997$1,427
10 years$2,564$2,318$2,093$1,888$1,701$1,164
11 years$2,307$2,063$1,842$1,643$1,463$957
12 years$2,093$1,852$1,635$1,441$1,268$792
13 years$1,913$1,674$1,461$1,272$1,106$659
14 years$1,758$1,521$1,313$1,129$969$550
15 years$1,624$1,390$1,185$1,007$853$461
16 years$1,506$1,275$1,074$902$754$388
17 years$1,403$1,174$978$810$669$327
18 years$1,311$1,085$892$730$595$276
19 years$1,229$1,006$817$660$530$233
20 years$1,156$934$750$598$473$198
21 years$1,089$870$690$542$424$168
22 years$1,028$813$636$493$380$142
23 years$973$760$587$449$341$121
24 years$923$712$543$410$306$103
25 years$877$668$503$374$276$87
26 years$834$628$466$342$248$74
27 years$794$591$433$313$224$63
28 years$758$557$403$287$202$54
29 years$724$525$375$263$182$46
30 years$692$496$349$241$165$39
31 years$663$469$325$222$149$33
32 years$635$444$303$204$135$28
33 years$609$420$283$187$122$24
34 years$585$398$265$172$110$21
35 years$562$378$248$159$100$18
36 years$540$359$232$146$91$15
37 years$520$341$217$135$82$13
38 years$500$324$203$124$74$11
39 years$482$308$190$114$68$9
40 years$465$293$178$106$61$8
41 years$448$279$167$97$56$7
42 years$433$265$157$90$50$6
43 years$418$253$147$83$46$5
44 years$404$241$138$77$42$4
45 years$391$230$130$71$38$4
46 years$378$219$122$65$34$3
47 years$366$209$114$60$31$3
48 years$354$200$108$56$28$2
49 years$343$191$101$52$26$2
50 years$332$182$95$48$23$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $340,000, adding $2,084 every year, while hoping to spend $24,238 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: 77/15/8 Blend
29$340,000$340,000$340,000$340,000
30$376,830$358,810$353,540$405,254
31$389,477$350,602$339,594$416,016
32$402,603$341,180$324,369$424,484
33$416,229$330,459$307,796$433,063
34$430,380$318,348$289,804$441,755
35$445,084$304,751$270,317$450,560
36$460,367$289,569$249,258$459,480
37$476,261$272,695$226,544$468,517
38$492,798$254,015$202,091$477,675
39$510,012$233,410$175,810$486,956
40$527,941$210,755$147,607$496,365
41$546,624$185,915$117,386$505,907
42$566,106$158,751$85,044$515,587
43$586,432$129,113$50,476$525,414
44$607,653$96,844$13,572$535,397
45$629,822$61,779$0$545,544
46$652,999$23,741$0$558,073
47$677,246$0$0$572,173
48$702,632$0$0$589,594
49$729,231$0$0$611,956
50$757,124$0$0$635,409
51$786,397$0$0$660,026
52$817,146$0$0$685,889
53$849,472$0$0$713,083
54$883,489$0$0$741,705
55$919,318$0$0$771,856
56$957,091$0$0$803,649
57$996,953$0$0$837,206
58$1,039,062$0$0$872,662
59$1,083,589$0$0$910,160
60$1,130,722$0$0$949,861
61$1,180,666$0$0$991,938
62$1,233,644$0$0$1,036,580
63$1,289,901$0$0$1,083,994
64$1,349,704$0$0$1,134,408
65$1,413,347$0$0$1,188,070
66$1,481,150$0$0$1,245,250
67$1,553,463$0$0$1,306,246
68$1,630,672$0$0$1,371,385
69$1,713,196$0$0$1,441,022
70$1,801,498$0$0$1,515,550
71$1,896,083$0$0$1,595,397
72$1,997,508$0$0$1,681,035
73$2,106,381$0$0$1,772,979
74$2,223,370$0$0$1,871,796
75$2,349,209$0$0$1,978,109
76$2,484,705$0$0$2,092,601
77$2,630,741$0$0$2,216,021
78$2,788,289$0$0$2,349,195
79$2,958,418$0$0$2,493,028
80$3,142,300$0$0$2,648,514
81$3,341,225$0$0$2,816,747
82$3,556,610$0$0$2,998,930
83$3,790,014$0$0$3,196,384
84$4,043,149$0$0$3,410,562
85$4,317,901$0$0$3,643,064
86$4,616,342$0$0$3,895,646
87$4,940,751$0$0$4,170,243
88$5,293,637$0$0$4,468,981
89$5,677,758$0$0$4,794,203
90$6,096,151$0$0$5,148,482
91$6,552,156$0$0$5,534,654
92$7,049,452$0$0$5,955,838
93$7,592,084$0$0$6,415,468
94$8,184,508$0$0$6,917,321
95$8,831,627$0$0$7,465,559
96$9,538,839$0$0$8,064,762
97$10,312,089$0$0$8,719,971
98$11,157,919$0$0$9,436,739
99$12,083,534$0$0$10,221,178
100$13,096,869$0$0$11,080,019