Can I retire at age 30 with 357,000?

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 $357,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18%
1 years$29,481$29,218$28,962$28,712$28,468$27,545
2 years$14,594$14,323$14,059$13,804$13,556$12,635
3 years$9,633$9,360$9,097$8,844$8,601$7,711
4 years$7,153$6,881$6,620$6,372$6,134$5,282
5 years$5,665$5,394$5,138$4,894$4,663$3,850
6 years$4,673$4,405$4,152$3,914$3,690$2,917
7 years$3,966$3,699$3,450$3,218$3,001$2,269
8 years$3,435$3,171$2,926$2,699$2,489$1,797
9 years$3,022$2,761$2,520$2,299$2,096$1,443
10 years$2,692$2,434$2,197$1,982$1,786$1,171
11 years$2,423$2,166$1,934$1,725$1,536$958
12 years$2,198$1,945$1,717$1,513$1,331$789
13 years$2,008$1,757$1,534$1,336$1,161$652
14 years$1,846$1,597$1,378$1,186$1,018$542
15 years$1,705$1,459$1,244$1,057$896$452
16 years$1,582$1,339$1,128$947$792$378
17 years$1,473$1,233$1,027$851$702$316
18 years$1,377$1,139$937$767$624$266
19 years$1,291$1,056$858$693$556$223
20 years$1,213$981$787$627$497$188
21 years$1,143$914$724$569$445$158
22 years$1,080$853$667$518$399$133
23 years$1,022$798$616$472$358$113
24 years$969$748$570$430$322$95
25 years$920$702$528$393$289$80
26 years$876$659$490$359$261$68
27 years$834$621$455$329$235$57
28 years$796$585$423$301$212$49
29 years$760$552$393$276$192$41
30 years$727$521$366$253$173$35
31 years$696$492$342$233$156$29
32 years$667$466$319$214$142$25
33 years$639$441$298$197$128$21
34 years$614$418$278$181$116$18
35 years$590$397$260$167$105$15
36 years$567$377$243$153$95$13
37 years$546$358$228$141$86$11
38 years$525$340$213$130$78$9
39 years$506$323$200$120$71$8
40 years$488$307$187$111$64$7
41 years$471$293$175$102$58$6
42 years$455$279$165$94$53$5
43 years$439$266$154$87$48$4
44 years$424$253$145$80$44$3
45 years$410$241$136$74$40$3
46 years$397$230$128$69$36$2
47 years$384$220$120$63$33$2
48 years$372$210$113$59$30$2
49 years$360$200$106$54$27$1
50 years$349$191$100$50$24$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $357,000, adding $2,008 every year, while hoping to spend $21,768 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: 71/8/21 Blend
29$357,000$357,000$357,000$357,000
30$395,485$376,564$371,031$421,391
31$412,664$371,855$360,299$434,211
32$430,865$366,185$348,479$445,472
33$450,170$359,485$335,510$457,262
34$470,668$351,681$321,330$469,632
35$492,456$342,693$305,874$482,638
36$515,641$332,439$289,075$496,340
37$540,338$320,830$270,861$510,808
38$566,676$307,774$251,158$526,116
39$594,793$293,172$229,889$542,350
40$624,844$276,919$206,972$559,603
41$656,995$258,906$182,323$577,977
42$691,431$239,014$155,853$597,590
43$728,354$217,122$127,470$618,567
44$767,984$193,099$97,078$641,050
45$810,564$166,807$64,576$665,196
46$856,361$138,100$29,859$691,179
47$905,668$106,825$0$719,190
48$958,805$72,819$0$751,054
49$1,016,127$35,910$0$792,641
50$1,078,020$0$0$837,542
51$1,144,912$0$0$886,431
52$1,217,269$0$0$942,750
53$1,295,608$0$0$1,003,740
54$1,380,494$0$0$1,069,842
55$1,472,549$0$0$1,141,544
56$1,572,459$0$0$1,219,381
57$1,680,975$0$0$1,303,941
58$1,798,925$0$0$1,395,873
59$1,927,221$0$0$1,495,887
60$2,066,865$0$0$1,604,769
61$2,218,958$0$0$1,723,380
62$2,384,716$0$0$1,852,669
63$2,565,472$0$0$1,993,681
64$2,762,698$0$0$2,147,566
65$2,978,010$0$0$2,315,589
66$3,213,189$0$0$2,499,143
67$3,470,197$0$0$2,699,761
68$3,751,192$0$0$2,919,132
69$4,058,549$0$0$3,159,114
70$4,394,886$0$0$3,421,755
71$4,763,084$0$0$3,709,308
72$5,166,316$0$0$4,024,256
73$5,608,075$0$0$4,369,331
74$6,092,210$0$0$4,747,544
75$6,622,958$0$0$5,162,210
76$7,204,987$0$0$5,616,979
77$7,843,436$0$0$6,115,874
78$8,543,970$0$0$6,663,324
79$9,312,823$0$0$7,264,209
80$10,156,867$0$0$7,923,902
81$11,083,668$0$0$8,648,324
82$12,101,564$0$0$9,443,998
83$13,219,736$0$0$10,318,106
84$14,448,303$0$0$11,278,565
85$15,798,408$0$0$12,334,093
86$17,282,329$0$0$13,494,295
87$18,913,594$0$0$14,769,755
88$20,707,105$0$0$16,172,132
89$22,679,280$0$0$17,714,272
90$24,848,208$0$0$19,410,325
91$27,233,819$0$0$21,275,886
92$29,858,073$0$0$23,328,134
93$32,745,162$0$0$25,585,997
94$35,921,743$0$0$28,070,332
95$39,417,188$0$0$30,804,118
96$43,263,858$0$0$33,812,675
97$47,497,412$0$0$37,123,900
98$52,157,138$0$0$40,768,533
99$57,286,328$0$0$44,780,446
100$62,932,684$0$0$49,196,960