Can I retire at age 30 with 356,000?

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 $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%16.5%
1 years$29,398$29,136$28,881$28,631$28,388$27,634
2 years$14,554$14,282$14,020$13,765$13,518$12,764
3 years$9,606$9,334$9,072$8,819$8,576$7,846
4 years$7,133$6,861$6,602$6,354$6,117$5,415
5 years$5,649$5,379$5,123$4,880$4,650$3,979
6 years$4,660$4,393$4,140$3,903$3,679$3,040
7 years$3,954$3,689$3,441$3,209$2,992$2,384
8 years$3,425$3,162$2,918$2,692$2,482$1,905
9 years$3,014$2,753$2,513$2,293$2,091$1,544
10 years$2,685$2,427$2,191$1,976$1,781$1,265
11 years$2,416$2,160$1,929$1,720$1,532$1,045
12 years$2,192$1,939$1,712$1,509$1,328$868
13 years$2,003$1,752$1,530$1,332$1,158$726
14 years$1,840$1,593$1,374$1,182$1,015$609
15 years$1,700$1,455$1,241$1,054$893$513
16 years$1,577$1,335$1,125$944$790$434
17 years$1,469$1,230$1,024$848$700$367
18 years$1,373$1,136$934$765$623$312
19 years$1,287$1,053$855$691$555$265
20 years$1,210$978$785$626$496$226
21 years$1,140$911$722$568$444$192
22 years$1,077$851$666$516$398$164
23 years$1,019$796$615$470$357$140
24 years$966$746$568$429$321$120
25 years$918$700$526$392$289$102
26 years$873$658$488$358$260$88
27 years$832$619$453$328$234$75
28 years$793$583$421$300$212$64
29 years$758$550$392$275$191$55
30 years$725$520$365$253$173$47
31 years$694$491$341$232$156$40
32 years$665$465$318$213$141$35
33 years$638$440$297$196$128$30
34 years$612$417$277$180$116$25
35 years$588$396$259$166$105$22
36 years$565$375$242$153$95$19
37 years$544$357$227$141$86$16
38 years$524$339$213$130$78$14
39 years$505$322$199$120$71$12
40 years$487$307$187$111$64$10
41 years$470$292$175$102$58$9
42 years$453$278$164$94$53$7
43 years$438$265$154$87$48$6
44 years$423$252$145$80$43$6
45 years$409$241$136$74$39$5
46 years$396$230$128$68$36$4
47 years$383$219$120$63$33$3
48 years$370$209$113$58$30$3
49 years$359$200$106$54$27$3
50 years$348$191$99$50$24$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $356,000, adding $2,154 every year, while hoping to spend $25,616 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: 55/32/13 Blend
29$356,000$356,000$356,000$356,000
30$394,534$375,666$370,148$414,793
31$407,521$366,818$355,293$419,942
32$420,974$356,679$339,081$422,580
33$434,915$345,156$321,441$424,859
34$449,363$332,156$302,296$426,750
35$464,343$317,577$281,568$428,222
36$479,879$301,311$259,174$429,243
37$495,997$283,246$235,027$429,780
38$512,725$263,261$209,036$429,797
39$530,092$241,231$181,109$429,258
40$548,131$217,020$151,145$428,122
41$566,875$190,488$119,043$426,350
42$586,360$161,486$84,694$423,898
43$606,624$129,855$47,987$420,723
44$627,710$95,428$8,805$416,777
45$649,662$58,030$0$412,013
46$672,528$17,473$0$410,958
47$696,359$0$0$410,582
48$721,211$0$0$418,937
49$747,142$0$0$434,081
50$774,219$0$0$449,901
51$802,509$0$0$466,438
52$832,089$0$0$483,738
53$863,039$0$0$501,848
54$895,448$0$0$520,822
55$929,410$0$0$540,716
56$965,029$0$0$561,593
57$1,002,417$0$0$583,520
58$1,041,696$0$0$606,569
59$1,082,998$0$0$630,821
60$1,126,466$0$0$656,361
61$1,172,258$0$0$683,284
62$1,220,543$0$0$711,692
63$1,271,509$0$0$741,698
64$1,325,356$0$0$773,423
65$1,382,307$0$0$806,999
66$1,442,603$0$0$842,574
67$1,506,506$0$0$880,304
68$1,574,306$0$0$920,365
69$1,646,316$0$0$962,945
70$1,722,882$0$0$1,008,253
71$1,804,379$0$0$1,056,515
72$1,891,221$0$0$1,107,980
73$1,983,859$0$0$1,162,922
74$2,082,787$0$0$1,221,638
75$2,188,548$0$0$1,284,457
76$2,301,736$0$0$1,351,736
77$2,423,003$0$0$1,423,871
78$2,553,064$0$0$1,501,292
79$2,692,703$0$0$1,584,474
80$2,842,780$0$0$1,673,938
81$3,004,241$0$0$1,770,254
82$3,178,124$0$0$1,874,049
83$3,365,567$0$0$1,986,014
84$3,567,822$0$0$2,106,904
85$3,786,265$0$0$2,237,552
86$4,022,406$0$0$2,378,873
87$4,277,907$0$0$2,531,870
88$4,554,594$0$0$2,697,649
89$4,854,473$0$0$2,877,425
90$5,179,753$0$0$3,072,534
91$5,532,859$0$0$3,284,444
92$5,916,463$0$0$3,514,772
93$6,333,501$0$0$3,765,296
94$6,787,204$0$0$4,037,972
95$7,281,127$0$0$4,334,952
96$7,819,181$0$0$4,658,605
97$8,405,671$0$0$5,011,538
98$9,045,335$0$0$5,396,619
99$9,743,386$0$0$5,817,007
100$10,505,564$0$0$6,276,177