Can I retire at age 30 with 347,000?

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 $347,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$28,655$28,400$28,151$27,908$27,670$26,914
2 years$14,186$13,921$13,665$13,417$13,176$12,420
3 years$9,363$9,098$8,842$8,596$8,360$7,627
4 years$6,952$6,688$6,435$6,193$5,962$5,258
5 years$5,506$5,243$4,994$4,757$4,532$3,860
6 years$4,543$4,282$4,036$3,804$3,586$2,945
7 years$3,854$3,596$3,354$3,128$2,917$2,308
8 years$3,339$3,082$2,844$2,624$2,420$1,842
9 years$2,938$2,684$2,450$2,235$2,038$1,491
10 years$2,617$2,365$2,136$1,926$1,736$1,220
11 years$2,355$2,106$1,880$1,677$1,493$1,006
12 years$2,137$1,890$1,669$1,471$1,294$835
13 years$1,952$1,708$1,491$1,298$1,128$697
14 years$1,794$1,553$1,340$1,152$989$585
15 years$1,657$1,418$1,209$1,028$871$492
16 years$1,537$1,301$1,097$920$770$415
17 years$1,432$1,198$998$827$682$351
18 years$1,338$1,107$911$745$607$297
19 years$1,255$1,026$834$673$541$252
20 years$1,179$954$765$610$483$215
21 years$1,111$888$704$553$432$183
22 years$1,050$829$649$503$388$156
23 years$993$776$599$458$348$133
24 years$942$727$554$418$313$113
25 years$895$682$513$382$281$97
26 years$851$641$476$349$253$83
27 years$811$603$442$319$228$71
28 years$773$568$411$293$206$60
29 years$739$536$382$268$186$52
30 years$706$506$356$246$168$44
31 years$676$479$332$226$152$38
32 years$648$453$310$208$138$32
33 years$621$429$289$191$124$28
34 years$597$407$270$176$113$24
35 years$573$386$253$162$102$20
36 years$551$366$236$149$93$17
37 years$530$348$221$137$84$15
38 years$511$330$207$127$76$13
39 years$492$314$194$117$69$11
40 years$474$299$182$108$63$9
41 years$458$284$171$99$57$8
42 years$442$271$160$92$51$7
43 years$427$258$150$85$47$6
44 years$412$246$141$78$42$5
45 years$399$235$132$72$38$4
46 years$386$224$124$67$35$4
47 years$373$214$117$62$32$3
48 years$361$204$110$57$29$3
49 years$350$195$103$53$26$2
50 years$339$186$97$49$24$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $347,000, adding $3,090 every year, while hoping to spend $23,890 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: 42/45/13 Blend
29$347,000$347,000$347,000$347,000
30$385,581$367,190$361,812$400,185
31$399,492$359,764$348,514$403,312
32$414,021$351,173$333,970$404,082
33$429,205$341,335$318,112$404,393
34$445,087$330,163$300,872$404,213
35$461,710$317,565$282,175$403,508
36$479,122$303,443$261,945$402,246
37$497,374$287,694$240,103$400,390
38$516,525$270,209$216,564$397,904
39$536,633$250,873$191,242$394,750
40$557,767$229,563$164,046$390,889
41$579,998$206,150$134,880$386,281
42$603,404$180,498$103,645$380,885
43$628,072$152,463$70,238$374,657
44$654,094$121,892$34,549$367,556
45$681,572$88,625$0$359,537
46$710,617$52,492$0$351,046
47$741,349$13,314$0$346,692
48$773,901$0$0$341,652
49$808,417$0$0$350,306
50$845,054$0$0$366,511
51$883,984$0$0$383,754
52$925,397$0$0$402,122
53$969,498$0$0$421,709
54$1,016,513$0$0$442,618
55$1,066,690$0$0$464,964
56$1,120,299$0$0$488,871
57$1,177,637$0$0$514,476
58$1,239,031$0$0$541,928
59$1,304,838$0$0$571,393
60$1,375,448$0$0$603,049
61$1,451,292$0$0$637,095
62$1,532,843$0$0$673,750
63$1,620,617$0$0$713,250
64$1,715,184$0$0$755,859
65$1,817,169$0$0$801,865
66$1,927,258$0$0$851,584
67$2,046,205$0$0$905,364
68$2,174,839$0$0$963,588
69$2,314,072$0$0$1,026,675
70$2,464,904$0$0$1,095,089
71$2,628,437$0$0$1,169,337
72$2,805,883$0$0$1,249,978
73$2,998,572$0$0$1,337,629
74$3,207,970$0$0$1,432,964
75$3,435,688$0$0$1,536,729
76$3,683,499$0$0$1,649,742
77$3,953,354$0$0$1,772,906
78$4,247,399$0$0$1,907,210
79$4,567,998$0$0$2,053,749
80$4,917,750$0$0$2,213,722
81$5,299,516$0$0$2,388,453
82$5,716,448$0$0$2,579,397
83$6,172,012$0$0$2,788,159
84$6,670,028$0$0$3,016,503
85$7,214,698$0$0$3,266,373
86$7,810,650$0$0$3,539,908
87$8,462,982$0$0$3,839,465
88$9,177,304$0$0$4,167,639
89$9,959,796$0$0$4,527,288
90$10,817,265$0$0$4,921,560
91$11,757,204$0$0$5,353,921
92$12,787,870$0$0$5,828,189
93$13,918,354$0$0$6,348,570
94$15,158,670$0$0$6,919,696
95$16,519,849$0$0$7,546,669
96$18,014,040$0$0$8,235,110
97$19,654,627$0$0$8,991,210
98$21,456,353$0$0$9,821,791
99$23,435,460$0$0$10,734,365
100$25,609,838$0$0$11,737,210