Can I retire at age 30 with 356,000?

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 $356,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.9%
1 years$29,398$29,136$28,881$28,631$28,388$27,815
2 years$14,554$14,282$14,020$13,765$13,518$12,943
3 years$9,606$9,334$9,072$8,819$8,576$8,018
4 years$7,133$6,861$6,602$6,354$6,117$5,578
5 years$5,649$5,379$5,123$4,880$4,650$4,134
6 years$4,660$4,393$4,140$3,903$3,679$3,186
7 years$3,954$3,689$3,441$3,209$2,992$2,521
8 years$3,425$3,162$2,918$2,692$2,482$2,034
9 years$3,014$2,753$2,513$2,293$2,091$1,664
10 years$2,685$2,427$2,191$1,976$1,781$1,377
11 years$2,416$2,160$1,929$1,720$1,532$1,149
12 years$2,192$1,939$1,712$1,509$1,328$965
13 years$2,003$1,752$1,530$1,332$1,158$815
14 years$1,840$1,593$1,374$1,182$1,015$692
15 years$1,700$1,455$1,241$1,054$893$589
16 years$1,577$1,335$1,125$944$790$504
17 years$1,469$1,230$1,024$848$700$432
18 years$1,373$1,136$934$765$623$371
19 years$1,287$1,053$855$691$555$319
20 years$1,210$978$785$626$496$275
21 years$1,140$911$722$568$444$237
22 years$1,077$851$666$516$398$205
23 years$1,019$796$615$470$357$177
24 years$966$746$568$429$321$153
25 years$918$700$526$392$289$133
26 years$873$658$488$358$260$115
27 years$832$619$453$328$234$100
28 years$793$583$421$300$212$87
29 years$758$550$392$275$191$75
30 years$725$520$365$253$173$65
31 years$694$491$341$232$156$57
32 years$665$465$318$213$141$49
33 years$638$440$297$196$128$43
34 years$612$417$277$180$116$37
35 years$588$396$259$166$105$32
36 years$565$375$242$153$95$28
37 years$544$357$227$141$86$24
38 years$524$339$213$130$78$21
39 years$505$322$199$120$71$18
40 years$487$307$187$111$64$16
41 years$470$292$175$102$58$14
42 years$453$278$164$94$53$12
43 years$438$265$154$87$48$11
44 years$423$252$145$80$43$9
45 years$409$241$136$74$39$8
46 years$396$230$128$68$36$7
47 years$383$219$120$63$33$6
48 years$370$209$113$58$30$5
49 years$359$200$106$54$27$5
50 years$348$191$99$50$24$4

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $356,000, adding $6,308 every year, while hoping to spend $22,816 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: 59/25/16 Blend
29$356,000$356,000$356,000$356,000
30$398,819$379,951$374,433$420,356
31$415,222$374,292$362,700$429,992
32$432,534$367,592$349,810$437,418
33$450,823$359,774$335,699$444,987
34$470,164$350,760$320,302$452,716
35$490,638$340,465$303,549$460,623
36$512,335$328,800$285,370$468,732
37$535,352$315,670$265,689$477,069
38$559,796$300,975$244,427$485,664
39$585,783$284,611$221,503$494,552
40$613,440$266,464$196,832$503,771
41$642,908$246,418$170,322$513,369
42$674,339$224,346$141,882$523,394
43$707,900$200,118$111,413$533,906
44$743,774$173,593$78,815$544,971
45$782,164$144,623$43,980$556,662
46$823,289$113,054$6,797$569,065
47$867,391$78,720$0$582,274
48$914,735$41,447$0$602,010
49$965,612$1,053$0$624,383
50$1,020,343$0$0$648,388
51$1,079,278$0$0$685,934
52$1,142,803$0$0$726,739
53$1,211,340$0$0$770,787
54$1,285,355$0$0$818,381
55$1,365,359$0$0$869,852
56$1,451,913$0$0$925,565
57$1,545,636$0$0$985,921
58$1,647,206$0$0$1,051,361
59$1,757,369$0$0$1,122,369
60$1,876,947$0$0$1,199,478
61$2,006,842$0$0$1,283,276
62$2,148,047$0$0$1,374,406
63$2,301,655$0$0$1,473,579
64$2,468,868$0$0$1,581,576
65$2,651,008$0$0$1,699,256
66$2,849,532$0$0$1,827,564
67$3,066,042$0$0$1,967,542
68$3,302,299$0$0$2,120,335
69$3,560,246$0$0$2,287,204
70$3,842,019$0$0$2,469,538
71$4,149,969$0$0$2,668,864
72$4,486,686$0$0$2,886,866
73$4,855,021$0$0$3,125,396
74$5,258,113$0$0$3,386,494
75$5,699,418$0$0$3,672,407
76$6,182,744$0$0$3,985,609
77$6,712,281$0$0$4,328,823
78$7,292,646$0$0$4,705,051
79$7,928,924$0$0$5,117,597
80$8,626,713$0$0$5,570,100
81$9,392,181$0$0$6,066,569
82$10,232,122$0$0$6,611,421
83$11,154,018$0$0$7,209,518
84$12,166,111$0$0$7,866,219
85$13,277,481$0$0$8,587,425
86$14,498,129$0$0$9,379,638
87$15,839,073$0$0$10,250,020
88$17,312,450$0$0$11,206,462
89$18,931,632$0$0$12,257,654
90$20,711,351$0$0$13,413,175
91$22,667,834$0$0$14,683,574
92$24,818,962$0$0$16,080,475
93$27,184,434$0$0$17,616,684
94$29,785,953$0$0$19,306,310
95$32,647,432$0$0$21,164,898
96$35,795,216$0$0$23,209,577
97$39,258,332$0$0$25,459,218
98$43,068,765$0$0$27,934,613
99$47,261,753$0$0$30,658,674
100$51,876,125$0$0$33,656,642