Can I retire at age 30 with 349,000?

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 $349,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.5%
1 years$28,820$28,563$28,313$28,068$27,830$27,425
2 years$14,267$14,002$13,744$13,494$13,252$12,846
3 years$9,417$9,150$8,893$8,646$8,408$8,012
4 years$6,992$6,726$6,472$6,229$5,996$5,614
5 years$5,538$5,274$5,023$4,784$4,558$4,190
6 years$4,569$4,306$4,059$3,826$3,607$3,254
7 years$3,877$3,616$3,373$3,146$2,933$2,596
8 years$3,358$3,100$2,861$2,639$2,434$2,111
9 years$2,955$2,699$2,464$2,248$2,049$1,742
10 years$2,632$2,379$2,148$1,938$1,746$1,453
11 years$2,368$2,118$1,891$1,686$1,502$1,223
12 years$2,149$1,901$1,678$1,479$1,301$1,037
13 years$1,963$1,718$1,499$1,306$1,135$884
14 years$1,804$1,562$1,347$1,159$995$758
15 years$1,667$1,426$1,216$1,034$876$652
16 years$1,546$1,309$1,103$926$774$562
17 years$1,440$1,205$1,004$832$686$487
18 years$1,346$1,114$916$749$610$422
19 years$1,262$1,032$839$677$544$367
20 years$1,186$959$770$613$486$320
21 years$1,118$893$708$557$435$279
22 years$1,056$834$652$506$390$243
23 years$999$780$602$461$350$213
24 years$947$731$557$420$314$186
25 years$900$686$516$384$283$163
26 years$856$645$479$351$255$143
27 years$815$607$444$321$230$125
28 years$778$572$413$294$207$110
29 years$743$539$384$270$187$97
30 years$710$509$358$248$169$85
31 years$680$481$334$228$153$75
32 years$652$456$312$209$138$65
33 years$625$431$291$192$125$58
34 years$600$409$272$177$113$51
35 years$576$388$254$163$103$45
36 years$554$368$238$150$93$39
37 years$533$350$222$138$84$34
38 years$514$332$208$127$76$30
39 years$495$316$195$117$69$27
40 years$477$301$183$108$63$24
41 years$460$286$172$100$57$21
42 years$444$273$161$92$52$18
43 years$429$260$151$85$47$16
44 years$415$247$142$79$43$14
45 years$401$236$133$73$39$12
46 years$388$225$125$67$35$11
47 years$375$215$117$62$32$10
48 years$363$205$110$57$29$9
49 years$352$196$104$53$26$7
50 years$341$187$98$49$24$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $349,000, adding $3,933 every year, while hoping to spend $22,136 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: 38/41/21 Blend
29$349,000$349,000$349,000$349,000
30$388,655$370,158$364,748$400,850
31$404,745$364,743$353,415$404,619
32$421,735$358,321$340,960$406,317
33$439,692$350,819$327,322$407,701
34$458,691$342,160$312,439$408,754
35$478,815$332,263$296,242$409,463
36$500,150$321,040$278,663$409,811
37$522,796$308,402$259,628$409,784
38$546,858$294,250$239,063$409,369
39$572,453$278,483$216,886$408,554
40$599,707$260,993$193,016$407,327
41$628,761$241,665$167,366$405,678
42$659,766$220,379$139,844$403,600
43$692,890$197,005$110,357$401,087
44$728,317$171,410$78,806$398,138
45$766,246$143,451$45,087$394,751
46$806,900$112,976$9,094$390,932
47$850,518$79,827$0$386,688
48$897,367$43,834$0$388,603
49$947,738$4,821$0$392,727
50$1,001,950$0$0$397,074
51$1,060,354$0$0$418,579
52$1,123,336$0$0$444,151
53$1,191,319$0$0$471,792
54$1,264,768$0$0$501,697
55$1,344,195$0$0$534,078
56$1,430,162$0$0$569,170
57$1,523,287$0$0$607,230
58$1,624,249$0$0$648,543
59$1,733,794$0$0$693,420
60$1,852,746$0$0$742,205
61$1,982,007$0$0$795,274
62$2,122,571$0$0$853,043
63$2,275,532$0$0$915,969
64$2,442,094$0$0$984,556
65$2,623,581$0$0$1,059,355
66$2,821,449$0$0$1,140,976
67$3,037,304$0$0$1,230,091
68$3,272,910$0$0$1,327,436
69$3,530,210$0$0$1,433,825
70$3,811,344$0$0$1,550,151
71$4,118,667$0$0$1,677,400
72$4,454,772$0$0$1,816,656
73$4,822,513$0$0$1,969,114
74$5,225,035$0$0$2,136,087
75$5,665,798$0$0$2,319,025
76$6,148,616$0$0$2,519,522
77$6,677,685$0$0$2,739,334
78$7,257,630$0$0$2,980,396
79$7,893,542$0$0$3,244,838
80$8,591,029$0$0$3,535,006
81$9,356,269$0$0$3,853,487
82$10,196,065$0$0$4,203,127
83$11,117,913$0$0$4,587,063
84$12,130,067$0$0$5,008,749
85$13,241,622$0$0$5,471,993
86$14,462,596$0$0$5,980,986
87$15,804,024$0$0$6,540,349
88$17,278,065$0$0$7,155,169
89$18,898,112$0$0$7,831,054
90$20,678,920$0$0$8,574,179
91$22,636,747$0$0$9,391,351
92$24,789,503$0$0$10,290,067
93$27,156,919$0$0$11,278,586
94$29,760,737$0$0$12,366,011
95$32,624,909$0$0$13,562,369
96$35,775,828$0$0$14,878,709
97$39,242,570$0$0$16,327,205
98$43,057,174$0$0$17,921,269
99$47,254,941$0$0$19,675,681
100$51,874,768$0$0$21,606,727