Can I retire at age 30 with 344,000?

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 $344,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.7%
1 years$28,407$28,154$27,907$27,666$27,431$27,122
2 years$14,063$13,801$13,547$13,301$13,062$12,751
3 years$9,282$9,019$8,766$8,522$8,287$7,984
4 years$6,892$6,630$6,379$6,140$5,911$5,617
5 years$5,459$5,198$4,951$4,716$4,493$4,210
6 years$4,503$4,245$4,001$3,771$3,555$3,284
7 years$3,821$3,565$3,325$3,101$2,891$2,631
8 years$3,310$3,056$2,820$2,601$2,399$2,149
9 years$2,912$2,660$2,429$2,216$2,020$1,782
10 years$2,594$2,345$2,117$1,910$1,721$1,494
11 years$2,334$2,088$1,864$1,662$1,480$1,264
12 years$2,118$1,874$1,654$1,458$1,283$1,077
13 years$1,935$1,693$1,478$1,287$1,119$923
14 years$1,778$1,539$1,328$1,143$981$795
15 years$1,643$1,406$1,199$1,019$863$688
16 years$1,524$1,290$1,087$912$763$597
17 years$1,420$1,188$989$820$677$519
18 years$1,327$1,098$903$739$602$453
19 years$1,244$1,017$827$668$536$396
20 years$1,169$945$759$605$479$347
21 years$1,102$881$698$549$429$304
22 years$1,041$822$643$499$384$267
23 years$985$769$594$454$345$235
24 years$934$720$549$414$310$207
25 years$887$676$509$378$279$183
26 years$844$635$472$346$251$161
27 years$804$598$438$317$227$142
28 years$767$563$407$290$204$126
29 years$732$532$379$266$185$111
30 years$700$502$353$244$167$98
31 years$670$475$329$224$151$87
32 years$642$449$307$206$136$77
33 years$616$425$287$190$123$68
34 years$591$403$268$174$112$60
35 years$568$382$250$161$101$53
36 years$546$363$234$148$92$47
37 years$526$345$219$136$83$42
38 years$506$327$205$126$75$37
39 years$488$311$192$116$68$33
40 years$470$296$180$107$62$29
41 years$454$282$169$99$56$26
42 years$438$269$159$91$51$23
43 years$423$256$149$84$46$20
44 years$409$244$140$78$42$18
45 years$395$233$131$72$38$16
46 years$382$222$123$66$35$14
47 years$370$212$116$61$31$13
48 years$358$202$109$56$29$11
49 years$347$193$102$52$26$10
50 years$336$184$96$48$24$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $344,000, adding $2,727 every year, while hoping to spend $25,545 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: 80/6/14 Blend
29$344,000$344,000$344,000$344,000
30$381,901$363,669$358,337$411,170
31$393,675$354,309$343,162$421,441
32$405,794$343,634$326,622$429,137
33$418,266$331,553$308,644$436,850
34$431,099$317,970$289,154$444,570
35$444,302$302,781$268,071$452,286
36$457,882$285,878$245,313$459,988
37$471,847$267,147$220,792$467,663
38$486,206$246,468$194,419$475,296
39$500,965$223,711$166,098$482,872
40$516,133$198,742$135,732$490,377
41$531,716$171,418$103,216$497,791
42$547,721$141,587$68,444$505,097
43$564,154$109,091$31,302$512,272
44$581,021$73,759$0$519,295
45$598,327$35,416$0$527,387
46$616,077$0$0$540,348
47$634,274$0$0$553,890
48$652,921$0$0$570,163
49$672,019$0$0$586,828
50$691,569$0$0$603,886
51$711,570$0$0$621,336
52$732,019$0$0$639,175
53$752,911$0$0$657,400
54$774,241$0$0$676,004
55$795,999$0$0$694,979
56$818,174$0$0$714,315
57$840,752$0$0$734,000
58$863,716$0$0$754,017
59$887,043$0$0$774,349
60$910,710$0$0$794,972
61$934,686$0$0$815,860
62$958,937$0$0$836,983
63$983,423$0$0$858,304
64$1,008,096$0$0$879,782
65$1,032,903$0$0$901,370
66$1,057,783$0$0$923,013
67$1,082,665$0$0$944,649
68$1,107,471$0$0$966,209
69$1,132,110$0$0$987,611
70$1,156,480$0$0$1,008,766
71$1,180,466$0$0$1,029,572
72$1,203,937$0$0$1,049,914
73$1,226,750$0$0$1,069,664
74$1,248,740$0$0$1,088,678
75$1,269,724$0$0$1,106,792
76$1,289,497$0$0$1,123,828
77$1,307,830$0$0$1,139,581
78$1,324,468$0$0$1,153,826
79$1,339,125$0$0$1,166,312
80$1,351,482$0$0$1,176,758
81$1,361,187$0$0$1,184,850
82$1,367,845$0$0$1,190,242
83$1,371,019$0$0$1,192,547
84$1,370,221$0$0$1,191,335
85$1,364,912$0$0$1,186,130
86$1,354,492$0$0$1,176,402
87$1,338,295$0$0$1,161,565
88$1,315,583$0$0$1,140,967
89$1,285,540$0$0$1,113,887
90$1,247,259$0$0$1,079,526
91$1,199,737$0$0$1,036,999
92$1,141,863$0$0$985,326
93$1,072,409$0$0$923,422
94$990,014$0$0$850,089
95$893,173$0$0$763,999
96$780,223$0$0$663,684
97$649,324$0$0$547,523
98$498,443$0$0$413,722
99$325,334$0$0$260,299
100$127,513$0$0$85,064