Can I retire at age 30 with 343,000?

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 $343,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.9%
1 years$28,325$28,072$27,826$27,586$27,351$26,690
2 years$14,022$13,761$13,508$13,262$13,024$12,362
3 years$9,255$8,993$8,740$8,497$8,263$7,621
4 years$6,872$6,611$6,361$6,122$5,893$5,276
5 years$5,443$5,183$4,936$4,702$4,480$3,889
6 years$4,490$4,232$3,989$3,760$3,545$2,981
7 years$3,810$3,554$3,315$3,092$2,883$2,346
8 years$3,300$3,047$2,811$2,593$2,392$1,881
9 years$2,904$2,653$2,421$2,209$2,014$1,530
10 years$2,587$2,338$2,111$1,904$1,716$1,258
11 years$2,328$2,082$1,859$1,657$1,476$1,043
12 years$2,112$1,868$1,649$1,454$1,279$871
13 years$1,929$1,688$1,474$1,283$1,115$731
14 years$1,773$1,535$1,324$1,139$978$616
15 years$1,638$1,402$1,195$1,016$861$521
16 years$1,520$1,286$1,084$910$761$442
17 years$1,415$1,185$986$817$675$376
18 years$1,323$1,095$900$737$600$321
19 years$1,240$1,014$824$666$535$274
20 years$1,166$943$756$603$478$234
21 years$1,099$878$696$547$427$200
22 years$1,038$820$641$497$383$172
23 years$982$767$592$453$344$147
24 years$931$718$548$413$309$127
25 years$884$674$507$377$278$109
26 years$841$634$470$345$251$94
27 years$801$596$437$316$226$80
28 years$764$562$406$289$204$69
29 years$730$530$378$265$184$60
30 years$698$501$352$244$166$51
31 years$668$473$328$224$150$44
32 years$640$448$306$206$136$38
33 years$614$424$286$189$123$33
34 years$590$402$267$174$111$28
35 years$567$381$250$160$101$24
36 years$545$362$234$147$91$21
37 years$524$344$219$136$83$18
38 years$505$327$205$125$75$16
39 years$486$311$192$115$68$13
40 years$469$295$180$106$62$12
41 years$452$281$169$98$56$10
42 years$437$268$158$91$51$9
43 years$422$255$148$84$46$7
44 years$408$243$139$77$42$6
45 years$394$232$131$71$38$6
46 years$381$221$123$66$35$5
47 years$369$211$115$61$31$4
48 years$357$202$108$56$28$4
49 years$346$192$102$52$26$3
50 years$335$184$96$48$23$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $343,000, adding $2,259 every year, while hoping to spend $32,069 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: 49/34/17 Blend
29$343,000$343,000$343,000$343,000
30$380,316$362,137$356,821$397,046
31$384,987$345,761$334,653$392,469
32$389,060$327,507$310,668$384,022
33$392,439$307,250$284,771$374,152
34$395,020$284,857$256,862$362,738
35$396,684$260,187$226,839$349,649
36$397,301$233,092$194,594$334,741
37$396,726$203,414$160,013$317,860
38$394,798$170,986$122,979$298,840
39$391,337$135,635$83,369$277,501
40$386,147$97,174$41,054$253,645
41$379,005$55,407$0$227,062
42$369,670$10,128$0$198,266
43$357,871$0$0$174,259
44$343,309$0$0$161,889
45$325,652$0$0$151,615
46$304,536$0$0$139,449
47$279,554$0$0$125,172
48$250,259$0$0$108,541
49$216,155$0$0$89,288
50$176,694$0$0$67,116
51$131,270$0$0$41,696
52$79,214$0$0$12,668
53$19,787$0$0$0
54$0$0$0$0
55$0$0$0$0
56$0$0$0$0
57$0$0$0$0
58$0$0$0$0
59$0$0$0$0
60$0$0$0$0
61$0$0$0$0
62$0$0$0$0
63$0$0$0$0
64$0$0$0$0
65$0$0$0$0
66$0$0$0$0
67$0$0$0$0
68$0$0$0$0
69$0$0$0$0
70$0$0$0$0
71$0$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0