Can I retire at age 30 with 346,000?

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 $346,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.8%
1 years$28,572$28,318$28,070$27,827$27,591$27,045
2 years$14,145$13,881$13,626$13,378$13,138$12,591
3 years$9,336$9,072$8,817$8,572$8,336$7,803
4 years$6,932$6,669$6,416$6,175$5,945$5,432
5 years$5,490$5,228$4,979$4,743$4,519$4,027
6 years$4,529$4,269$4,024$3,793$3,576$3,105
7 years$3,843$3,585$3,344$3,119$2,908$2,459
8 years$3,329$3,073$2,836$2,616$2,413$1,985
9 years$2,929$2,676$2,443$2,228$2,032$1,625
10 years$2,609$2,359$2,130$1,921$1,731$1,345
11 years$2,348$2,100$1,875$1,672$1,489$1,123
12 years$2,130$1,885$1,664$1,466$1,290$944
13 years$1,946$1,703$1,487$1,295$1,125$798
14 years$1,789$1,548$1,336$1,149$986$678
15 years$1,652$1,414$1,206$1,025$868$578
16 years$1,533$1,298$1,093$918$767$494
17 years$1,428$1,195$995$825$680$424
18 years$1,334$1,104$908$743$605$364
19 years$1,251$1,023$831$671$539$313
20 years$1,176$951$763$608$482$270
21 years$1,108$886$702$552$431$233
22 years$1,047$827$647$502$386$202
23 years$991$773$597$457$347$175
24 years$939$725$552$417$312$151
25 years$892$680$512$381$281$131
26 years$849$639$474$348$253$114
27 years$808$601$441$319$228$99
28 years$771$567$410$292$206$86
29 years$737$535$381$268$186$74
30 years$704$505$355$246$168$65
31 years$674$477$331$226$152$56
32 years$646$452$309$207$137$49
33 years$620$428$288$191$124$43
34 years$595$405$269$175$112$37
35 years$572$384$252$161$102$32
36 years$550$365$236$149$92$28
37 years$529$347$221$137$84$24
38 years$509$329$207$126$76$21
39 years$491$313$194$116$69$18
40 years$473$298$181$107$62$16
41 years$456$284$170$99$57$14
42 years$441$270$160$91$51$12
43 years$425$257$150$84$47$11
44 years$411$245$141$78$42$9
45 years$397$234$132$72$38$8
46 years$384$223$124$67$35$7
47 years$372$213$116$61$32$6
48 years$360$203$109$57$29$5
49 years$349$194$103$52$26$5
50 years$338$185$97$48$24$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $346,000, adding $3,374 every year, while hoping to spend $20,141 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: 40/48/12 Blend
29$346,000$346,000$346,000$346,000
30$384,772$366,434$361,071$398,657
31$402,589$362,960$351,737$405,306
32$421,548$358,640$341,416$410,254
33$441,745$353,412$330,052$415,162
34$463,284$347,210$317,589$420,037
35$486,278$339,963$303,968$424,886
36$510,854$331,596$289,126$429,718
37$537,148$322,032$272,999$434,546
38$565,312$311,185$255,519$439,387
39$595,509$298,969$236,614$444,259
40$627,921$285,289$216,211$449,187
41$662,747$270,046$194,232$454,198
42$700,204$253,135$170,596$459,326
43$740,533$234,447$145,219$464,611
44$783,996$213,863$118,012$470,097
45$830,882$191,261$88,884$475,840
46$881,508$166,509$57,738$481,902
47$936,223$139,469$24,473$488,353
48$995,410$109,995$0$495,277
49$1,059,491$77,934$0$504,180
50$1,128,928$43,122$0$517,193
51$1,204,231$5,387$0$531,319
52$1,285,960$0$0$546,711
53$1,374,730$0$0$582,272
54$1,471,219$0$0$624,058
55$1,576,172$0$0$669,551
56$1,690,410$0$0$719,112
57$1,814,834$0$0$773,139
58$1,950,438$0$0$832,067
59$2,098,314$0$0$896,379
60$2,259,664$0$0$966,602
61$2,435,812$0$0$1,043,321
62$2,628,217$0$0$1,127,175
63$2,838,480$0$0$1,218,872
64$3,068,370$0$0$1,319,189
65$3,319,830$0$0$1,428,982
66$3,595,001$0$0$1,549,194
67$3,896,241$0$0$1,680,863
68$4,226,145$0$0$1,825,132
69$4,587,573$0$0$1,983,260
70$4,983,673$0$0$2,156,635
71$5,417,913$0$0$2,346,782
72$5,894,111$0$0$2,555,385
73$6,416,474$0$0$2,784,296
74$6,989,635$0$0$3,035,557
75$7,618,696$0$0$3,311,415
76$8,309,279$0$0$3,614,346
77$9,067,577$0$0$3,947,080
78$9,900,409$0$0$4,312,620
79$10,815,290$0$0$4,714,278
80$11,820,498$0$0$5,155,701
81$12,925,152$0$0$5,640,907
82$14,139,298$0$0$6,174,323
83$15,474,003$0$0$6,760,825
84$16,941,463$0$0$7,405,788
85$18,555,110$0$0$8,115,130
86$20,329,746$0$0$8,895,375
87$22,281,678$0$0$9,753,708
88$24,428,874$0$0$10,698,048
89$26,791,130$0$0$11,737,119
90$29,390,256$0$0$12,880,533
91$32,250,286$0$0$14,138,882
92$35,397,700$0$0$15,523,835
93$38,861,673$0$0$17,048,251
94$42,674,353$0$0$18,726,298
95$46,871,164$0$0$20,573,589
96$51,491,136$0$0$22,607,325
97$56,577,277$0$0$24,846,462
98$62,176,978$0$0$27,311,887
99$68,342,455$0$0$30,026,614
100$75,131,249$0$0$33,016,004