Can I retire at age 30 with 358,000?

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 $358,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.6%
1 years$29,563$29,300$29,043$28,792$28,547$27,891
2 years$14,635$14,363$14,099$13,842$13,594$12,937
3 years$9,660$9,386$9,123$8,869$8,625$7,986
4 years$7,173$6,900$6,639$6,390$6,151$5,537
5 years$5,681$5,410$5,152$4,908$4,676$4,088
6 years$4,687$4,417$4,164$3,925$3,700$3,138
7 years$3,977$3,710$3,460$3,227$3,009$2,474
8 years$3,444$3,180$2,934$2,707$2,496$1,988
9 years$3,031$2,769$2,527$2,306$2,102$1,620
10 years$2,700$2,440$2,203$1,988$1,791$1,334
11 years$2,429$2,173$1,940$1,730$1,541$1,108
12 years$2,204$1,950$1,722$1,517$1,335$927
13 years$2,014$1,762$1,538$1,339$1,164$779
14 years$1,851$1,602$1,382$1,189$1,020$658
15 years$1,710$1,463$1,248$1,060$898$558
16 years$1,586$1,343$1,131$949$794$474
17 years$1,477$1,236$1,029$853$704$404
18 years$1,381$1,143$940$769$626$346
19 years$1,294$1,059$860$695$558$296
20 years$1,217$984$790$629$498$254
21 years$1,147$917$726$571$446$218
22 years$1,083$856$669$519$400$187
23 years$1,025$800$618$473$359$161
24 years$972$750$572$431$323$138
25 years$923$704$529$394$290$119
26 years$878$661$491$360$261$103
27 years$836$622$456$330$236$89
28 years$798$586$424$302$213$76
29 years$762$553$394$277$192$66
30 years$729$522$367$254$174$57
31 years$698$494$342$233$157$49
32 years$668$467$320$215$142$42
33 years$641$443$298$197$128$37
34 years$615$419$279$182$116$32
35 years$591$398$261$167$105$27
36 years$569$378$244$154$95$24
37 years$547$359$228$142$86$20
38 years$527$341$214$131$78$18
39 years$508$324$200$120$71$15
40 years$489$308$188$111$65$13
41 years$472$294$176$103$59$11
42 years$456$280$165$95$53$10
43 years$440$266$155$87$48$9
44 years$425$254$145$81$44$7
45 years$411$242$137$74$40$6
46 years$398$231$128$69$36$6
47 years$385$220$120$64$33$5
48 years$373$210$113$59$30$4
49 years$361$201$106$54$27$4
50 years$350$192$100$50$25$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $358,000, adding $4,689 every year, while hoping to spend $26,652 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: 66/18/16 Blend
29$358,000$358,000$358,000$358,000
30$399,353$380,379$374,830$423,868
31$411,729$370,660$359,029$431,127
32$424,475$359,571$341,806$435,528
33$437,599$347,018$323,084$439,683
34$451,111$332,899$302,785$443,565
35$465,022$317,108$280,825$447,150
36$479,340$299,533$257,118$450,407
37$494,075$280,052$231,575$453,307
38$509,238$258,542$204,099$455,818
39$524,837$234,867$174,593$457,905
40$540,882$208,888$142,954$459,531
41$557,383$180,454$109,074$460,658
42$574,350$149,410$72,842$461,243
43$591,790$115,588$34,138$461,244
44$609,713$78,812$0$460,613
45$628,128$38,898$0$460,524
46$647,042$0$0$465,998
47$666,463$0$0$472,031
48$686,397$0$0$486,130
49$706,852$0$0$500,594
50$727,831$0$0$515,427
51$749,341$0$0$530,632
52$771,383$0$0$546,211
53$793,961$0$0$562,165
54$817,074$0$0$578,494
55$840,721$0$0$595,196
56$864,900$0$0$612,269
57$889,607$0$0$629,710
58$914,832$0$0$647,511
59$940,566$0$0$665,666
60$966,797$0$0$684,163
61$993,508$0$0$702,992
62$1,020,678$0$0$722,136
63$1,048,283$0$0$741,576
64$1,076,294$0$0$761,292
65$1,104,677$0$0$781,258
66$1,133,390$0$0$801,442
67$1,162,388$0$0$821,811
68$1,191,614$0$0$842,325
69$1,221,008$0$0$862,936
70$1,250,498$0$0$883,593
71$1,280,001$0$0$904,234
72$1,309,424$0$0$924,793
73$1,338,664$0$0$945,190
74$1,367,599$0$0$965,340
75$1,396,097$0$0$985,142
76$1,424,004$0$0$1,004,486
77$1,451,152$0$0$1,023,248
78$1,477,348$0$0$1,041,287
79$1,502,379$0$0$1,058,446
80$1,526,005$0$0$1,074,550
81$1,547,959$0$0$1,089,404
82$1,567,939$0$0$1,102,788
83$1,585,614$0$0$1,114,458
84$1,600,610$0$0$1,124,144
85$1,612,514$0$0$1,131,541
86$1,620,864$0$0$1,136,314
87$1,625,148$0$0$1,138,089
88$1,624,796$0$0$1,136,450
89$1,619,175$0$0$1,130,935
90$1,607,583$0$0$1,121,032
91$1,589,242$0$0$1,106,174
92$1,563,287$0$0$1,085,730
93$1,528,760$0$0$1,059,003
94$1,484,602$0$0$1,025,220
95$1,429,636$0$0$983,523
96$1,362,563$0$0$932,967
97$1,281,942$0$0$872,500
98$1,186,179$0$0$800,965
99$1,073,514$0$0$717,075
100$941,997$0$0$619,413