Can I retire at age 30 with 354,000?

Use the below retirement simulation to view the chances of a successful retirement.
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 $354,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.9%
1 years$29,233$28,973$28,719$28,471$28,228$27,772
2 years$14,472$14,202$13,941$13,688$13,442$12,984
3 years$9,552$9,281$9,021$8,770$8,528$8,082
4 years$7,093$6,823$6,565$6,318$6,082$5,652
5 years$5,617$5,349$5,095$4,853$4,624$4,210
6 years$4,634$4,368$4,117$3,881$3,659$3,262
7 years$3,932$3,668$3,421$3,191$2,975$2,596
8 years$3,406$3,144$2,902$2,677$2,468$2,106
9 years$2,997$2,738$2,499$2,280$2,079$1,734
10 years$2,670$2,413$2,179$1,965$1,771$1,443
11 years$2,402$2,148$1,918$1,710$1,523$1,212
12 years$2,180$1,928$1,702$1,500$1,320$1,025
13 years$1,991$1,743$1,521$1,325$1,151$871
14 years$1,830$1,584$1,367$1,176$1,009$745
15 years$1,690$1,447$1,234$1,049$888$639
16 years$1,568$1,328$1,119$939$785$550
17 years$1,461$1,223$1,018$844$696$474
18 years$1,365$1,130$929$760$619$410
19 years$1,280$1,047$851$687$552$356
20 years$1,203$973$781$622$493$309
21 years$1,134$906$718$565$441$268
22 years$1,071$846$662$513$395$234
23 years$1,013$791$611$468$355$204
24 years$961$741$565$426$319$178
25 years$913$696$523$389$287$155
26 years$868$654$485$356$259$136
27 years$827$615$451$326$233$118
28 years$789$580$419$299$210$104
29 years$754$547$390$274$190$91
30 years$721$517$363$251$172$79
31 years$690$488$339$231$155$70
32 years$661$462$316$212$140$61
33 years$634$438$295$195$127$53
34 years$609$415$276$179$115$47
35 years$585$393$258$165$104$41
36 years$562$373$241$152$94$36
37 years$541$355$226$140$86$32
38 years$521$337$211$129$78$28
39 years$502$320$198$119$70$24
40 years$484$305$186$110$64$21
41 years$467$290$174$101$58$19
42 years$451$276$163$94$53$16
43 years$435$263$153$86$48$14
44 years$421$251$144$80$43$13
45 years$407$239$135$74$39$11
46 years$393$228$127$68$36$10
47 years$381$218$119$63$32$9
48 years$368$208$112$58$29$7
49 years$357$199$105$54$27$7
50 years$346$190$99$50$24$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $354,000, adding $4,219 every year, while hoping to spend $27,653 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: 50/20/30 Blend
29$354,000$354,000$354,000$354,000
30$394,460$375,698$370,211$410,644
31$405,272$364,685$353,190$411,407
32$416,261$352,205$334,673$409,168
33$427,414$338,157$314,579$406,204
34$438,718$322,435$292,826$402,459
35$450,159$304,926$269,327$397,876
36$461,717$285,510$243,991$392,390
37$473,372$264,059$216,725$385,934
38$485,100$240,442$187,429$378,437
39$496,872$214,515$155,999$369,821
40$508,657$186,131$122,329$360,004
41$520,419$155,130$86,306$348,899
42$532,117$121,346$47,813$336,411
43$543,704$84,604$6,726$322,441
44$555,128$44,716$0$306,880
45$566,331$1,487$0$301,496
46$577,246$0$0$297,354
47$587,798$0$0$302,178
48$597,905$0$0$307,063
49$607,471$0$0$311,629
50$616,394$0$0$315,819
51$624,557$0$0$319,566
52$631,828$0$0$322,799
53$638,064$0$0$325,437
54$643,102$0$0$327,389
55$646,763$0$0$328,557
56$648,846$0$0$328,829
57$649,128$0$0$328,081
58$647,364$0$0$326,177
59$643,279$0$0$322,965
60$636,569$0$0$318,275
61$626,896$0$0$311,923
62$613,886$0$0$303,699
63$597,125$0$0$293,375
64$576,154$0$0$280,698
65$550,465$0$0$265,385
66$519,495$0$0$247,126
67$482,622$0$0$225,577
68$439,157$0$0$200,357
69$388,340$0$0$171,045
70$329,327$0$0$137,177
71$261,188$0$0$98,238
72$182,894$0$0$53,659
73$93,309$0$0$2,814
74$0$0$0$0
75$0$0$0$0
76$0$0$0$0
77$0$0$0$0
78$0$0$0$0
79$0$0$0$0
80$0$0$0$0
81$0$0$0$0
82$0$0$0$0
83$0$0$0$0
84$0$0$0$0
85$0$0$0$0
86$0$0$0$0
87$0$0$0$0
88$0$0$0$0
89$0$0$0$0
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0