Can I retire at age 30 with 362,000?

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 $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%11.8%
1 years$29,894$29,627$29,368$29,114$28,866$28,648
2 years$14,799$14,523$14,256$13,997$13,746$13,526
3 years$9,768$9,491$9,225$8,968$8,721$8,506
4 years$7,253$6,977$6,713$6,461$6,220$6,012
5 years$5,744$5,470$5,210$4,963$4,728$4,528
6 years$4,739$4,467$4,210$3,969$3,741$3,548
7 years$4,021$3,751$3,499$3,263$3,043$2,857
8 years$3,483$3,215$2,967$2,737$2,524$2,346
9 years$3,065$2,800$2,556$2,331$2,126$1,955
10 years$2,730$2,468$2,228$2,010$1,811$1,648
11 years$2,457$2,197$1,962$1,749$1,558$1,402
12 years$2,229$1,972$1,741$1,534$1,350$1,202
13 years$2,036$1,782$1,555$1,354$1,177$1,036
14 years$1,871$1,620$1,397$1,202$1,032$898
15 years$1,729$1,480$1,262$1,072$909$781
16 years$1,604$1,358$1,144$960$803$682
17 years$1,494$1,250$1,041$863$712$597
18 years$1,396$1,155$950$777$633$524
19 years$1,309$1,071$870$702$564$461
20 years$1,230$995$798$636$504$407
21 years$1,159$927$734$577$451$359
22 years$1,095$865$677$525$404$318
23 years$1,036$809$625$478$363$282
24 years$983$758$578$436$326$250
25 years$933$711$535$398$294$222
26 years$888$669$496$364$264$197
27 years$846$629$461$333$238$175
28 years$807$593$429$305$215$156
29 years$771$559$399$280$194$139
30 years$737$528$371$257$175$123
31 years$705$499$346$236$159$110
32 years$676$473$323$217$144$98
33 years$648$447$302$199$130$87
34 years$622$424$282$184$118$78
35 years$598$402$264$169$107$70
36 years$575$382$247$156$97$62
37 years$553$363$231$143$87$55
38 years$533$345$216$132$79$49
39 years$513$328$202$122$72$44
40 years$495$312$190$112$65$39
41 years$477$297$178$104$59$35
42 years$461$283$167$96$54$32
43 years$445$269$157$88$49$28
44 years$430$257$147$82$44$25
45 years$416$245$138$75$40$22
46 years$402$234$130$70$36$20
47 years$389$223$122$64$33$18
48 years$377$213$114$59$30$16
49 years$365$203$108$55$27$14
50 years$353$194$101$51$25$13

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $362,000, adding $4,305 every year, while hoping to spend $28,114 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: 34/37/29 Blend
29$362,000$362,000$362,000$362,000
30$403,365$384,179$378,568$413,429
31$414,595$373,090$361,337$410,316
32$426,028$360,516$342,586$404,159
33$437,656$346,354$322,235$396,980
34$449,467$330,496$300,200$388,709
35$461,448$312,826$276,393$379,269
36$473,585$293,224$250,722$368,581
37$485,860$271,561$223,090$356,559
38$498,252$247,701$193,397$343,113
39$510,737$221,502$161,539$328,147
40$523,287$192,811$127,407$311,559
41$535,873$161,469$90,885$293,242
42$548,457$127,306$51,854$273,080
43$560,999$90,144$10,191$250,951
44$573,454$49,794$0$226,727
45$585,769$6,056$0$210,874
46$597,885$0$0$196,696
47$609,737$0$0$197,733
48$621,250$0$0$201,079
49$632,341$0$0$204,236
50$642,916$0$0$207,169
51$652,872$0$0$209,837
52$662,091$0$0$212,195
53$670,443$0$0$214,194
54$677,782$0$0$215,779
55$683,948$0$0$216,886
56$688,759$0$0$217,448
57$692,014$0$0$217,389
58$693,491$0$0$216,622
59$692,942$0$0$215,055
60$690,091$0$0$212,583
61$684,634$0$0$209,090
62$676,230$0$0$204,447
63$664,505$0$0$198,513
64$649,042$0$0$191,130
65$629,380$0$0$182,123
66$605,007$0$0$171,300
67$575,358$0$0$158,446
68$539,808$0$0$143,327
69$497,662$0$0$125,679
70$448,156$0$0$105,216
71$390,442$0$0$81,616
72$323,583$0$0$54,528
73$246,544$0$0$23,562
74$158,180$0$0$0
75$57,228$0$0$0
76$0$0$0$0
77$0$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