Can I retire at age 30 with 362,000?

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 $362,000?

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$29,894$29,627$29,368$29,114$28,866$27,864
2 years$14,799$14,523$14,256$13,997$13,746$12,747
3 years$9,768$9,491$9,225$8,968$8,721$7,756
4 years$7,253$6,977$6,713$6,461$6,220$5,297
5 years$5,744$5,470$5,210$4,963$4,728$3,849
6 years$4,739$4,467$4,210$3,969$3,741$2,907
7 years$4,021$3,751$3,499$3,263$3,043$2,253
8 years$3,483$3,215$2,967$2,737$2,524$1,778
9 years$3,065$2,800$2,556$2,331$2,126$1,423
10 years$2,730$2,468$2,228$2,010$1,811$1,150
11 years$2,457$2,197$1,962$1,749$1,558$937
12 years$2,229$1,972$1,741$1,534$1,350$768
13 years$2,036$1,782$1,555$1,354$1,177$633
14 years$1,871$1,620$1,397$1,202$1,032$524
15 years$1,729$1,480$1,262$1,072$909$435
16 years$1,604$1,358$1,144$960$803$362
17 years$1,494$1,250$1,041$863$712$302
18 years$1,396$1,155$950$777$633$252
19 years$1,309$1,071$870$702$564$211
20 years$1,230$995$798$636$504$177
21 years$1,159$927$734$577$451$148
22 years$1,095$865$677$525$404$124
23 years$1,036$809$625$478$363$105
24 years$983$758$578$436$326$88
25 years$933$711$535$398$294$74
26 years$888$669$496$364$264$62
27 years$846$629$461$333$238$52
28 years$807$593$429$305$215$44
29 years$771$559$399$280$194$37
30 years$737$528$371$257$175$31
31 years$705$499$346$236$159$26
32 years$676$473$323$217$144$22
33 years$648$447$302$199$130$19
34 years$622$424$282$184$118$16
35 years$598$402$264$169$107$13
36 years$575$382$247$156$97$11
37 years$553$363$231$143$87$9
38 years$533$345$216$132$79$8
39 years$513$328$202$122$72$7
40 years$495$312$190$112$65$6
41 years$477$297$178$104$59$5
42 years$461$283$167$96$54$4
43 years$445$269$157$88$49$3
44 years$430$257$147$82$44$3
45 years$416$245$138$75$40$2
46 years$402$234$130$70$36$2
47 years$389$223$122$64$33$2
48 years$377$213$114$59$30$1
49 years$365$203$108$55$27$1
50 years$353$194$101$51$25$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $362,000, adding $4,265 every year, while hoping to spend $20,487 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: 49/32/19 Blend
29$362,000$362,000$362,000$362,000
30$403,323$384,137$378,526$420,746
31$422,664$381,162$369,409$430,288
32$443,291$377,354$359,300$438,212
33$465,314$372,652$348,143$446,386
34$488,853$366,988$335,882$454,840
35$514,039$360,294$322,457$463,611
36$541,016$352,494$307,805$472,739
37$569,944$343,510$291,861$482,270
38$600,995$333,258$274,555$492,257
39$634,360$321,651$255,816$502,759
40$670,248$308,596$235,569$513,843
41$708,889$293,993$213,737$525,585
42$750,535$277,738$190,236$538,069
43$795,464$259,721$164,983$551,393
44$843,979$239,825$137,888$565,662
45$896,414$217,926$108,857$580,999
46$953,139$193,895$77,793$597,538
47$1,014,555$167,592$44,596$615,433
48$1,081,109$138,873$9,159$634,852
49$1,153,287$107,583$0$655,988
50$1,231,628$73,560$0$684,861
51$1,316,722$36,632$0$718,260
52$1,409,218$0$0$754,616
53$1,509,832$0$0$795,440
54$1,619,351$0$0$853,953
55$1,738,639$0$0$917,722
56$1,868,649$0$0$987,260
57$2,010,429$0$0$1,063,132
58$2,165,132$0$0$1,145,961
59$2,334,029$0$0$1,236,433
60$2,518,518$0$0$1,335,300
61$2,720,136$0$0$1,443,393
62$2,940,578$0$0$1,561,627
63$3,181,710$0$0$1,691,007
64$3,445,584$0$0$1,832,642
65$3,734,463$0$0$1,987,752
66$4,050,837$0$0$2,157,680
67$4,397,447$0$0$2,343,908
68$4,777,315$0$0$2,548,064
69$5,193,766$0$0$2,771,945
70$5,650,464$0$0$3,017,526
71$6,151,444$0$0$3,286,986
72$6,701,149$0$0$3,582,724
73$7,304,476$0$0$3,907,381
74$7,966,815$0$0$4,263,870
75$8,694,108$0$0$4,655,394
76$9,492,897$0$0$5,085,488
77$10,370,390$0$0$5,558,042
78$11,334,528$0$0$6,077,341
79$12,394,058$0$0$6,648,109
80$13,558,618$0$0$7,275,549
81$14,838,824$0$0$7,965,390
82$16,246,374$0$0$8,723,950
83$17,794,154$0$0$9,558,184
84$19,496,364$0$0$10,475,759
85$21,368,646$0$0$11,485,119
86$23,428,236$0$0$12,595,571
87$25,694,124$0$0$13,817,366
88$28,187,232$0$0$15,161,801
89$30,930,616$0$0$16,641,323
90$33,949,676$0$0$18,269,646
91$37,272,400$0$0$20,061,882
92$40,929,627$0$0$22,034,681
93$44,955,338$0$0$24,206,390
94$49,386,975$0$0$26,597,224
95$54,265,794$0$0$29,229,460
96$59,637,254$0$0$32,127,642
97$65,551,449$0$0$35,318,818
98$72,063,574$0$0$38,832,789
99$79,234,451$0$0$42,702,396
100$87,131,100$0$0$46,963,825