Can I retire at age 30 with 353,000?

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 $353,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16%
1 years$29,150$28,891$28,637$28,390$28,149$27,457
2 years$14,431$14,162$13,902$13,649$13,404$12,712
3 years$9,525$9,255$8,995$8,745$8,504$7,832
4 years$7,073$6,803$6,546$6,300$6,065$5,419
5 years$5,601$5,334$5,080$4,839$4,611$3,993
6 years$4,621$4,356$4,106$3,870$3,648$3,058
7 years$3,921$3,658$3,412$3,182$2,967$2,406
8 years$3,396$3,135$2,893$2,669$2,461$1,928
9 years$2,988$2,730$2,492$2,273$2,073$1,567
10 years$2,662$2,406$2,173$1,960$1,766$1,288
11 years$2,396$2,142$1,913$1,706$1,519$1,067
12 years$2,173$1,923$1,698$1,496$1,316$890
13 years$1,986$1,738$1,517$1,321$1,148$746
14 years$1,825$1,579$1,363$1,172$1,006$629
15 years$1,686$1,443$1,230$1,046$886$532
16 years$1,564$1,324$1,115$936$783$451
17 years$1,457$1,219$1,015$841$694$383
18 years$1,361$1,127$927$758$617$326
19 years$1,276$1,044$848$685$550$278
20 years$1,200$970$778$620$491$238
21 years$1,131$904$716$563$440$204
22 years$1,068$844$660$512$394$174
23 years$1,011$789$609$466$354$150
24 years$958$739$564$425$318$128
25 years$910$694$522$388$286$110
26 years$866$652$484$355$258$95
27 years$825$614$450$325$232$81
28 years$787$578$418$298$210$70
29 years$751$545$389$273$189$60
30 years$719$515$362$251$171$52
31 years$688$487$338$230$155$45
32 years$659$461$315$212$140$38
33 years$632$436$294$195$127$33
34 years$607$414$275$179$115$28
35 years$583$392$257$165$104$24
36 years$561$372$240$152$94$21
37 years$539$354$225$140$85$18
38 years$519$336$211$129$77$16
39 years$501$320$197$119$70$13
40 years$483$304$185$110$64$12
41 years$466$289$174$101$58$10
42 years$449$276$163$93$52$9
43 years$434$263$153$86$48$7
44 years$419$250$143$80$43$6
45 years$405$239$135$73$39$6
46 years$392$228$126$68$36$5
47 years$379$217$119$63$32$4
48 years$367$207$112$58$29$4
49 years$356$198$105$54$27$3
50 years$345$189$99$49$24$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $353,000, adding $5,286 every year, while hoping to spend $26,070 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: 26/46/28 Blend
29$353,000$353,000$353,000$353,000
30$394,459$375,750$370,278$401,167
31$406,955$366,423$354,944$397,749
32$419,852$355,766$338,223$391,514
33$433,164$343,685$320,040$384,290
34$446,904$330,082$300,318$376,010
35$461,086$314,855$278,977$366,606
36$475,726$297,891$255,931$356,004
37$490,838$279,077$231,094$344,127
38$506,440$258,287$204,372$330,894
39$522,547$235,394$175,668$316,220
40$539,178$210,259$144,884$300,013
41$556,350$182,737$111,913$282,179
42$574,081$152,676$76,647$262,618
43$592,393$119,912$38,969$241,224
44$611,304$84,275$0$217,885
45$630,837$45,584$0$192,855
46$651,014$3,649$0$178,089
47$671,857$0$0$161,841
48$693,390$0$0$165,140
49$715,640$0$0$170,459
50$738,633$0$0$175,957
51$762,395$0$0$181,642
52$786,957$0$0$187,520
53$812,348$0$0$193,599
54$838,600$0$0$199,888
55$865,747$0$0$206,394
56$893,824$0$0$213,126
57$922,867$0$0$220,094
58$952,916$0$0$227,307
59$984,010$0$0$234,776
60$1,016,195$0$0$242,512
61$1,049,514$0$0$250,526
62$1,084,016$0$0$258,831
63$1,119,753$0$0$267,439
64$1,156,777$0$0$276,366
65$1,195,146$0$0$285,625
66$1,234,921$0$0$295,231
67$1,276,166$0$0$305,203
68$1,318,949$0$0$315,557
69$1,363,343$0$0$326,313
70$1,409,426$0$0$337,491
71$1,457,281$0$0$349,113
72$1,506,996$0$0$361,201
73$1,558,665$0$0$373,782
74$1,612,391$0$0$386,883
75$1,668,281$0$0$400,530
76$1,726,451$0$0$414,757
77$1,787,028$0$0$429,597
78$1,850,144$0$0$445,084
79$1,915,944$0$0$461,259
80$1,984,584$0$0$478,164
81$2,056,232$0$0$495,843
82$2,131,068$0$0$514,345
83$2,209,288$0$0$533,725
84$2,291,103$0$0$554,040
85$2,376,743$0$0$575,351
86$2,466,453$0$0$597,728
87$2,560,504$0$0$621,243
88$2,659,186$0$0$645,977
89$2,762,815$0$0$672,017
90$2,871,734$0$0$699,457
91$2,986,317$0$0$728,402
92$3,106,970$0$0$758,964
93$3,234,135$0$0$791,265
94$3,368,295$0$0$825,440
95$3,509,973$0$0$861,634
96$3,659,743$0$0$900,009
97$3,818,229$0$0$940,738
98$3,986,115$0$0$984,013
99$4,164,145$0$0$1,030,043
100$4,353,136$0$0$1,079,056