Can I retire at age 30 with 351,000?

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 $351,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11%
1 years$28,985$28,727$28,475$28,229$27,989$27,871
2 years$14,349$14,082$13,823$13,572$13,328$13,209
3 years$9,471$9,203$8,944$8,696$8,456$8,339
4 years$7,033$6,765$6,509$6,265$6,031$5,918
5 years$5,570$5,304$5,051$4,812$4,585$4,475
6 years$4,595$4,331$4,082$3,848$3,628$3,522
7 years$3,899$3,637$3,392$3,164$2,950$2,849
8 years$3,377$3,118$2,877$2,654$2,447$2,350
9 years$2,971$2,715$2,478$2,261$2,061$1,968
10 years$2,647$2,393$2,160$1,949$1,756$1,667
11 years$2,382$2,130$1,902$1,696$1,510$1,425
12 years$2,161$1,912$1,688$1,488$1,309$1,227
13 years$1,974$1,728$1,508$1,313$1,141$1,063
14 years$1,815$1,570$1,355$1,166$1,001$926
15 years$1,676$1,435$1,223$1,040$881$810
16 years$1,555$1,316$1,109$931$779$711
17 years$1,448$1,212$1,009$836$690$626
18 years$1,354$1,120$921$754$614$553
19 years$1,269$1,038$843$681$547$489
20 years$1,193$965$774$617$489$434
21 years$1,124$899$712$560$437$386
22 years$1,062$839$656$509$392$343
23 years$1,005$785$606$464$352$306
24 years$953$735$560$423$316$273
25 years$905$690$519$386$285$244
26 years$861$648$481$353$256$218
27 years$820$610$447$323$231$195
28 years$782$575$416$296$209$174
29 years$747$542$387$272$188$156
30 years$714$512$360$249$170$140
31 years$684$484$336$229$154$126
32 years$655$458$313$210$139$113
33 years$629$434$293$193$126$101
34 years$603$411$273$178$114$91
35 years$580$390$256$164$103$82
36 years$557$370$239$151$94$73
37 years$536$352$224$139$85$66
38 years$517$334$210$128$77$59
39 years$498$318$196$118$70$53
40 years$480$302$184$109$63$48
41 years$463$288$173$101$57$43
42 years$447$274$162$93$52$39
43 years$432$261$152$86$47$35
44 years$417$249$143$79$43$31
45 years$403$237$134$73$39$28
46 years$390$226$126$67$35$25
47 years$377$216$118$62$32$23
48 years$365$206$111$58$29$21
49 years$354$197$104$53$26$19
50 years$343$188$98$49$24$17

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $351,000, adding $2,066 every year, while hoping to spend $25,657 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: 36/45/19 Blend
29$351,000$351,000$351,000$351,000
30$388,933$370,330$364,890$400,625
31$401,305$361,177$349,815$400,169
32$414,080$350,716$333,375$397,127
33$427,270$338,856$315,497$393,308
34$440,891$325,499$296,105$388,658
35$454,957$310,544$275,120$383,120
36$469,485$293,883$252,459$376,632
37$484,491$275,401$228,034$369,130
38$499,991$254,977$201,755$360,545
39$516,003$232,485$173,528$350,807
40$532,547$207,788$143,253$339,839
41$549,642$180,745$110,827$327,562
42$567,308$151,204$76,141$313,891
43$585,566$119,005$39,085$298,737
44$604,439$83,982$0$282,007
45$623,949$45,955$0$263,696
46$644,123$4,737$0$252,068
47$664,985$0$0$239,108
48$686,562$0$0$244,471
49$708,884$0$0$252,447
50$731,979$0$0$260,703
51$755,880$0$0$269,250
52$780,620$0$0$278,100
53$806,234$0$0$287,267
54$832,760$0$0$296,763
55$860,236$0$0$306,605
56$888,705$0$0$316,807
57$918,210$0$0$327,386
58$948,799$0$0$338,359
59$980,521$0$0$349,746
60$1,013,429$0$0$361,565
61$1,047,581$0$0$373,838
62$1,083,035$0$0$386,588
63$1,119,857$0$0$399,839
64$1,158,115$0$0$413,617
65$1,197,882$0$0$427,950
66$1,239,236$0$0$442,867
67$1,282,263$0$0$458,401
68$1,327,053$0$0$474,585
69$1,373,702$0$0$491,458
70$1,422,314$0$0$509,057
71$1,473,003$0$0$527,428
72$1,525,889$0$0$546,615
73$1,581,102$0$0$566,669
74$1,638,784$0$0$587,644
75$1,699,086$0$0$609,598
76$1,762,172$0$0$632,596
77$1,828,222$0$0$656,704
78$1,897,428$0$0$681,999
79$1,969,998$0$0$708,561
80$2,046,161$0$0$736,477
81$2,126,161$0$0$765,843
82$2,210,267$0$0$796,764
83$2,298,770$0$0$829,352
84$2,391,986$0$0$863,730
85$2,490,261$0$0$900,034
86$2,593,970$0$0$938,408
87$2,703,522$0$0$979,014
88$2,819,366$0$0$1,022,025
89$2,941,989$0$0$1,067,633
90$3,071,923$0$0$1,116,046
91$3,209,750$0$0$1,167,491
92$3,356,108$0$0$1,222,219
93$3,511,691$0$0$1,280,502
94$3,677,262$0$0$1,342,638
95$3,853,653$0$0$1,408,956
96$4,041,777$0$0$1,479,812
97$4,242,634$0$0$1,555,602
98$4,457,319$0$0$1,636,754
99$4,687,033$0$0$1,723,743
100$4,933,093$0$0$1,817,085