Can I retire at age 30 with 342,000?

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 $342,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$28,242$27,990$27,745$27,505$27,272$26,325
2 years$13,981$13,721$13,468$13,224$12,986$12,042
3 years$9,228$8,967$8,715$8,473$8,239$7,328
4 years$6,852$6,591$6,342$6,104$5,876$5,004
5 years$5,427$5,168$4,922$4,688$4,467$3,636
6 years$4,477$4,220$3,978$3,749$3,535$2,746
7 years$3,799$3,544$3,305$3,083$2,875$2,128
8 years$3,290$3,038$2,803$2,586$2,385$1,680
9 years$2,895$2,645$2,414$2,203$2,008$1,344
10 years$2,579$2,331$2,105$1,899$1,711$1,087
11 years$2,321$2,075$1,853$1,652$1,472$885
12 years$2,106$1,863$1,645$1,449$1,275$726
13 years$1,924$1,683$1,469$1,280$1,112$598
14 years$1,768$1,530$1,320$1,136$975$495
15 years$1,633$1,398$1,192$1,013$858$411
16 years$1,515$1,283$1,081$907$759$342
17 years$1,411$1,181$983$815$673$285
18 years$1,319$1,091$898$734$598$238
19 years$1,236$1,012$822$664$533$199
20 years$1,162$940$754$601$476$167
21 years$1,095$876$694$545$426$140
22 years$1,035$817$639$496$382$118
23 years$979$764$590$452$343$99
24 years$928$716$546$412$308$83
25 years$882$672$506$376$277$70
26 years$839$632$469$344$250$59
27 years$799$594$436$315$225$49
28 years$762$560$405$289$203$42
29 years$728$528$377$265$183$35
30 years$696$499$351$243$166$30
31 years$666$472$327$223$150$25
32 years$639$446$305$205$136$21
33 years$612$423$285$188$123$18
34 years$588$401$266$173$111$15
35 years$565$380$249$160$101$13
36 years$543$361$233$147$91$11
37 years$523$343$218$135$83$9
38 years$503$326$204$125$75$8
39 years$485$310$191$115$68$6
40 years$468$295$179$106$62$5
41 years$451$280$168$98$56$4
42 years$435$267$158$90$51$4
43 years$421$254$148$83$46$3
44 years$406$243$139$77$42$3
45 years$393$231$130$71$38$2
46 years$380$221$122$66$34$2
47 years$368$211$115$61$31$2
48 years$356$201$108$56$28$1
49 years$345$192$102$52$26$1
50 years$334$183$96$48$23$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $342,000, adding $6,783 every year, while hoping to spend $21,623 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: 57/23/20 Blend
29$342,000$342,000$342,000$342,000
30$383,881$365,755$360,454$403,350
31$400,030$360,670$349,522$412,291
32$417,101$354,611$337,500$419,123
33$435,167$347,508$324,327$426,091
34$454,304$339,286$309,942$433,213
35$474,597$329,866$294,280$440,510
36$496,140$319,163$277,272$448,007
37$519,035$307,090$258,849$455,731
38$543,391$293,553$238,935$463,715
39$569,331$278,451$217,454$471,994
40$596,989$261,681$194,324$480,610
41$626,510$243,131$169,462$489,611
42$658,053$222,684$142,778$499,052
43$691,795$200,216$114,181$508,992
44$727,926$175,595$83,575$519,501
45$766,659$148,683$50,859$530,657
46$808,223$119,334$15,928$542,549
47$852,873$87,392$0$555,277
48$900,887$52,696$0$573,507
49$952,571$15,071$0$596,733
50$1,008,260$0$0$621,720
51$1,068,322$0$0$655,148
52$1,133,164$0$0$695,376
53$1,203,229$0$0$738,870
54$1,279,007$0$0$785,936
55$1,361,036$0$0$836,912
56$1,449,906$0$0$892,167
57$1,546,267$0$0$952,110
58$1,650,833$0$0$1,017,189
59$1,764,392$0$0$1,087,897
60$1,887,806$0$0$1,164,776
61$2,022,026$0$0$1,248,423
62$2,168,100$0$0$1,339,495
63$2,327,178$0$0$1,438,713
64$2,500,527$0$0$1,546,873
65$2,689,541$0$0$1,664,850
66$2,895,753$0$0$1,793,607
67$3,120,854$0$0$1,934,204
68$3,366,701$0$0$2,087,807
69$3,635,342$0$0$2,255,702
70$3,929,029$0$0$2,439,303
71$4,250,243$0$0$2,640,167
72$4,601,715$0$0$2,860,009
73$4,986,453$0$0$3,100,717
74$5,407,768$0$0$3,364,370
75$5,869,306$0$0$3,653,259
76$6,375,085$0$0$3,969,904
77$6,929,528$0$0$4,317,083
78$7,537,505$0$0$4,697,856
79$8,204,383$0$0$5,115,591
80$8,936,071$0$0$5,573,999
81$9,739,079$0$0$6,077,169
82$10,620,576$0$0$6,629,602
83$11,588,462$0$0$7,236,259
84$12,651,437$0$0$7,902,604
85$13,819,085$0$0$8,634,656
86$15,101,965$0$0$9,439,046
87$16,511,709$0$0$10,323,079
88$18,061,131$0$0$11,294,802
89$19,764,349$0$0$12,363,083
90$21,636,915$0$0$13,537,689
91$23,695,967$0$0$14,829,382
92$25,960,383$0$0$16,250,019
93$28,450,963$0$0$17,812,665
94$31,190,625$0$0$19,531,712
95$34,204,618$0$0$21,423,021
96$37,520,764$0$0$23,504,064
97$41,169,717$0$0$25,794,093
98$45,185,250$0$0$28,314,323
99$49,604,579$0$0$31,088,128
100$54,468,708$0$0$34,141,261