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%13.1%
1 years$28,655$28,400$28,151$27,908$27,670$27,313
2 years$14,186$13,921$13,665$13,417$13,176$12,817
3 years$9,363$9,098$8,842$8,596$8,360$8,009
4 years$6,952$6,688$6,435$6,193$5,962$5,624
5 years$5,506$5,243$4,994$4,757$4,532$4,206
6 years$4,543$4,282$4,036$3,804$3,586$3,273
7 years$3,854$3,596$3,354$3,128$2,917$2,617
8 years$3,339$3,082$2,844$2,624$2,420$2,133
9 years$2,938$2,684$2,450$2,235$2,038$1,764
10 years$2,617$2,365$2,136$1,926$1,736$1,476
11 years$2,355$2,106$1,880$1,677$1,493$1,245
12 years$2,137$1,890$1,669$1,471$1,294$1,058
13 years$1,952$1,708$1,491$1,298$1,128$905
14 years$1,794$1,553$1,340$1,152$989$777
15 years$1,657$1,418$1,209$1,028$871$670
16 years$1,537$1,301$1,097$920$770$580
17 years$1,432$1,198$998$827$682$503
18 years$1,338$1,107$911$745$607$438
19 years$1,255$1,026$834$673$541$382
20 years$1,179$954$765$610$483$333
21 years$1,111$888$704$553$432$292
22 years$1,050$829$649$503$388$256
23 years$993$776$599$458$348$224
24 years$942$727$554$418$313$197
25 years$895$682$513$382$281$173
26 years$851$641$476$349$253$152
27 years$811$603$442$319$228$134
28 years$773$568$411$293$206$118
29 years$739$536$382$268$186$104
30 years$706$506$356$246$168$91
31 years$676$479$332$226$152$81
32 years$648$453$310$208$138$71
33 years$621$429$289$191$124$63
34 years$597$407$270$176$113$55
35 years$573$386$253$162$102$49
36 years$551$366$236$149$93$43
37 years$530$348$221$137$84$38
38 years$511$330$207$127$76$34
39 years$492$314$194$117$69$30
40 years$474$299$182$108$63$26
41 years$458$284$171$99$57$23
42 years$442$271$160$92$51$20
43 years$427$258$150$85$47$18
44 years$412$246$141$78$42$16
45 years$399$235$132$72$38$14
46 years$386$224$124$67$35$12
47 years$373$214$117$62$32$11
48 years$361$204$110$57$29$10
49 years$350$195$103$53$26$9
50 years$339$186$97$49$24$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $347,000, adding $3,491 every year, while hoping to spend $23,271 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: 47/25/28 Blend
29$347,000$347,000$347,000$347,000
30$385,995$367,604$362,225$400,897
31$400,606$360,856$349,600$405,014
32$415,928$352,998$335,771$406,942
33$432,008$343,951$320,675$408,585
34$448,898$333,630$304,243$409,929
35$466,656$321,947$286,405$410,960
36$485,341$308,809$267,086$411,664
37$505,022$294,116$246,209$412,026
38$525,770$277,764$223,694$412,034
39$547,666$259,642$199,455$411,675
40$570,796$239,632$173,404$410,938
41$595,253$217,611$145,450$409,813
42$621,142$193,447$115,495$408,291
43$648,575$167,002$83,440$406,364
44$677,674$138,129$49,180$404,029
45$708,574$106,675$12,605$401,281
46$741,421$72,475$0$398,122
47$776,378$35,358$0$402,450
48$813,618$0$0$410,910
49$853,336$0$0$421,118
50$895,742$0$0$442,424
51$941,067$0$0$465,222
52$989,566$0$0$489,642
53$1,041,515$0$0$515,828
54$1,097,220$0$0$543,936
55$1,157,015$0$0$574,139
56$1,221,267$0$0$606,626
57$1,290,380$0$0$641,606
58$1,364,795$0$0$679,307
59$1,444,999$0$0$719,979
60$1,531,525$0$0$763,898
61$1,624,959$0$0$811,367
62$1,725,946$0$0$862,719
63$1,835,193$0$0$918,319
64$1,953,480$0$0$978,570
65$2,081,662$0$0$1,043,914
66$2,220,679$0$0$1,114,838
67$2,371,567$0$0$1,191,875
68$2,535,463$0$0$1,275,615
69$2,713,619$0$0$1,366,705
70$2,907,413$0$0$1,465,857
71$3,118,359$0$0$1,573,854
72$3,348,126$0$0$1,691,559
73$3,598,546$0$0$1,819,921
74$3,871,641$0$0$1,959,985
75$4,169,631$0$0$2,112,899
76$4,494,964$0$0$2,279,930
77$4,850,331$0$0$2,462,471
78$5,238,698$0$0$2,662,056
79$5,663,327$0$0$2,880,373
80$6,127,813$0$0$3,119,283
81$6,636,111$0$0$3,380,832
82$7,192,578$0$0$3,667,276
83$7,802,012$0$0$3,981,098
84$8,469,696$0$0$4,325,032
85$9,201,447$0$0$4,702,090
86$10,003,674$0$0$5,115,588
87$10,883,434$0$0$5,569,181
88$11,848,501$0$0$6,066,893
89$12,907,435$0$0$6,613,155
90$14,069,668$0$0$7,212,849
91$15,345,587$0$0$7,871,356
92$16,746,635$0$0$8,594,597
93$18,285,419$0$0$9,389,101
94$19,975,822$0$0$10,262,057
95$21,833,144$0$0$11,221,385
96$23,874,236$0$0$12,275,812
97$26,117,663$0$0$13,434,950
98$28,583,880$0$0$14,709,391
99$31,295,422$0$0$16,110,803
100$34,277,113$0$0$17,652,043