Can I retire at age 30 with 359,000?

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 $359,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%18.6%
1 years$29,646$29,382$29,124$28,873$28,627$27,633
2 years$14,676$14,403$14,138$13,881$13,632$12,641
3 years$9,687$9,412$9,148$8,894$8,649$7,692
4 years$7,193$6,919$6,658$6,407$6,168$5,253
5 years$5,697$5,425$5,167$4,922$4,689$3,817
6 years$4,700$4,430$4,175$3,936$3,710$2,883
7 years$3,988$3,720$3,470$3,236$3,017$2,234
8 years$3,454$3,189$2,943$2,714$2,503$1,764
9 years$3,039$2,776$2,534$2,312$2,108$1,411
10 years$2,707$2,447$2,210$1,993$1,796$1,141
11 years$2,436$2,179$1,945$1,735$1,545$929
12 years$2,210$1,955$1,726$1,521$1,339$762
13 years$2,019$1,767$1,542$1,343$1,167$628
14 years$1,856$1,606$1,386$1,192$1,023$519
15 years$1,714$1,467$1,251$1,063$901$431
16 years$1,591$1,346$1,134$952$796$359
17 years$1,481$1,240$1,032$855$706$299
18 years$1,385$1,146$942$771$628$250
19 years$1,298$1,062$863$697$560$209
20 years$1,220$987$792$631$500$175
21 years$1,150$919$728$573$447$147
22 years$1,086$858$671$521$401$123
23 years$1,028$802$620$474$360$104
24 years$974$752$573$432$323$87
25 years$926$706$531$395$291$73
26 years$880$663$492$361$262$62
27 years$839$624$457$331$236$52
28 years$800$588$425$303$213$44
29 years$764$555$395$278$193$37
30 years$731$524$368$255$174$31
31 years$700$495$343$234$157$26
32 years$670$469$320$215$142$22
33 years$643$444$299$198$129$19
34 years$617$421$280$182$117$16
35 years$593$399$261$168$106$13
36 years$570$379$244$154$96$11
37 years$549$360$229$142$87$9
38 years$528$342$214$131$79$8
39 years$509$325$201$121$71$7
40 years$491$309$188$111$65$6
41 years$474$294$176$103$59$5
42 years$457$280$166$95$53$4
43 years$441$267$155$88$48$3
44 years$427$255$146$81$44$3
45 years$412$243$137$75$40$2
46 years$399$232$129$69$36$2
47 years$386$221$121$64$33$2
48 years$374$211$114$59$30$1
49 years$362$201$107$54$27$1
50 years$351$192$100$50$25$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $359,000, adding $5,282 every year, while hoping to spend $27,788 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: 59/15/26 Blend
29$359,000$359,000$359,000$359,000
30$401,066$382,039$376,475$421,626
31$412,409$371,193$359,521$425,408
32$423,977$358,884$341,067$426,105
33$435,765$345,011$321,034$426,276
34$447,763$329,467$299,340$425,878
35$459,964$312,140$275,897$424,863
36$472,355$292,909$250,613$423,179
37$484,922$271,649$223,396$420,774
38$497,649$248,224$194,145$417,588
39$510,516$222,495$162,756$413,560
40$523,503$194,312$129,123$408,623
41$536,584$163,516$93,131$402,704
42$549,728$129,941$54,664$395,728
43$562,904$93,411$13,599$387,611
44$576,072$53,740$0$378,266
45$589,189$10,732$0$375,983
46$602,206$0$0$376,844
47$615,069$0$0$382,917
48$627,713$0$0$390,603
49$640,069$0$0$398,085
50$652,058$0$0$405,311
51$663,591$0$0$412,222
52$674,569$0$0$418,754
53$684,880$0$0$424,833
54$694,400$0$0$430,378
55$702,991$0$0$435,298
56$710,497$0$0$439,493
57$716,747$0$0$442,849
58$721,548$0$0$445,241
59$724,687$0$0$446,529
60$725,927$0$0$446,559
61$725,005$0$0$445,158
62$721,626$0$0$442,136
63$715,467$0$0$437,279
64$706,168$0$0$430,354
65$693,328$0$0$421,099
66$676,504$0$0$409,226
67$655,208$0$0$394,414
68$628,895$0$0$376,311
69$596,963$0$0$354,523
70$558,748$0$0$328,618
71$513,514$0$0$298,115
72$460,445$0$0$262,485
73$398,642$0$0$221,140
74$327,109$0$0$173,432
75$244,745$0$0$118,644
76$150,334$0$0$55,985
77$42,534$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