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%14.5%
1 years$29,150$28,891$28,637$28,390$28,149$27,626
2 years$14,431$14,162$13,902$13,649$13,404$12,879
3 years$9,525$9,255$8,995$8,745$8,504$7,993
4 years$7,073$6,803$6,546$6,300$6,065$5,573
5 years$5,601$5,334$5,080$4,839$4,611$4,138
6 years$4,621$4,356$4,106$3,870$3,648$3,196
7 years$3,921$3,658$3,412$3,182$2,967$2,535
8 years$3,396$3,135$2,893$2,669$2,461$2,050
9 years$2,988$2,730$2,492$2,273$2,073$1,681
10 years$2,662$2,406$2,173$1,960$1,766$1,394
11 years$2,396$2,142$1,913$1,706$1,519$1,166
12 years$2,173$1,923$1,698$1,496$1,316$982
13 years$1,986$1,738$1,517$1,321$1,148$832
14 years$1,825$1,579$1,363$1,172$1,006$708
15 years$1,686$1,443$1,230$1,046$886$605
16 years$1,564$1,324$1,115$936$783$518
17 years$1,457$1,219$1,015$841$694$445
18 years$1,361$1,127$927$758$617$384
19 years$1,276$1,044$848$685$550$331
20 years$1,200$970$778$620$491$286
21 years$1,131$904$716$563$440$248
22 years$1,068$844$660$512$394$215
23 years$1,011$789$609$466$354$186
24 years$958$739$564$425$318$162
25 years$910$694$522$388$286$140
26 years$866$652$484$355$258$122
27 years$825$614$450$325$232$106
28 years$787$578$418$298$210$92
29 years$751$545$389$273$189$81
30 years$719$515$362$251$171$70
31 years$688$487$338$230$155$61
32 years$659$461$315$212$140$53
33 years$632$436$294$195$127$46
34 years$607$414$275$179$115$41
35 years$583$392$257$165$104$35
36 years$561$372$240$152$94$31
37 years$539$354$225$140$85$27
38 years$519$336$211$129$77$23
39 years$501$320$197$119$70$20
40 years$483$304$185$110$64$18
41 years$466$289$174$101$58$16
42 years$449$276$163$93$52$14
43 years$434$263$153$86$48$12
44 years$419$250$143$80$43$10
45 years$405$239$135$73$39$9
46 years$392$228$126$68$36$8
47 years$379$217$119$63$32$7
48 years$367$207$112$58$29$6
49 years$356$198$105$54$27$5
50 years$345$189$99$49$24$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $353,000, adding $5,519 every year, while hoping to spend $23,068 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: 71/17/12 Blend
29$353,000$353,000$353,000$353,000
30$394,699$375,990$370,518$421,340
31$410,414$369,869$358,387$433,603
32$426,959$362,675$345,075$443,679
33$444,394$354,332$330,520$454,096
34$462,785$344,757$314,655$464,879
35$482,203$333,864$297,410$476,063
36$502,726$321,562$278,712$487,683
37$524,440$307,754$258,485$499,778
38$547,438$292,339$236,649$512,393
39$571,820$275,208$213,121$525,579
40$597,699$256,246$187,814$539,392
41$625,196$235,333$160,637$553,892
42$654,443$212,341$131,495$569,150
43$685,585$187,136$100,289$585,244
44$718,783$159,573$66,917$602,259
45$754,209$129,503$31,269$620,292
46$792,056$96,765$0$639,450
47$832,531$61,193$0$660,719
48$875,866$22,607$0$687,694
49$922,310$0$0$716,530
50$972,141$0$0$750,995
51$1,025,660$0$0$792,567
52$1,083,201$0$0$837,276
53$1,145,129$0$0$885,406
54$1,211,843$0$0$937,272
55$1,283,784$0$0$993,217
56$1,361,436$0$0$1,053,619
57$1,445,330$0$0$1,118,894
58$1,536,049$0$0$1,189,498
59$1,634,235$0$0$1,265,932
60$1,740,594$0$0$1,348,748
61$1,855,901$0$0$1,438,553
62$1,981,009$0$0$1,536,014
63$2,116,856$0$0$1,641,863
64$2,264,473$0$0$1,756,908
65$2,424,996$0$0$1,882,036
66$2,599,673$0$0$2,018,224
67$2,789,878$0$0$2,166,546
68$2,997,122$0$0$2,328,184
69$3,223,069$0$0$2,504,440
70$3,469,551$0$0$2,696,746
71$3,738,582$0$0$2,906,677
72$4,032,382$0$0$3,135,970
73$4,353,391$0$0$3,386,534
74$4,704,300$0$0$3,660,473
75$5,088,067$0$0$3,960,102
76$5,507,952$0$0$4,287,970
77$5,967,543$0$0$4,646,884
78$6,470,794$0$0$5,039,937
79$7,022,054$0$0$5,470,531
80$7,626,117$0$0$5,942,417
81$8,288,260$0$0$6,459,722
82$9,014,297$0$0$7,026,995
83$9,810,630$0$0$7,649,243
84$10,684,310$0$0$8,331,984
85$11,643,105$0$0$9,081,294
86$12,695,570$0$0$9,903,866
87$13,851,131$0$0$10,807,074
88$15,120,167$0$0$11,799,038
89$16,514,117$0$0$12,888,706
90$18,045,577$0$0$14,085,935
91$19,728,428$0$0$15,401,583
92$21,577,958$0$0$16,847,611
93$23,611,014$0$0$18,437,199
94$25,846,152$0$0$20,184,865
95$28,303,820$0$0$22,106,606
96$31,006,542$0$0$24,220,045
97$33,979,137$0$0$26,544,601
98$37,248,950$0$0$29,101,665
99$40,846,108$0$0$31,914,810
100$44,803,806$0$0$35,010,005