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%19.2%
1 years$29,894$29,627$29,368$29,114$28,866$27,798
2 years$14,799$14,523$14,256$13,997$13,746$12,682
3 years$9,768$9,491$9,225$8,968$8,721$7,694
4 years$7,253$6,977$6,713$6,461$6,220$5,238
5 years$5,744$5,470$5,210$4,963$4,728$3,795
6 years$4,739$4,467$4,210$3,969$3,741$2,856
7 years$4,021$3,751$3,499$3,263$3,043$2,206
8 years$3,483$3,215$2,967$2,737$2,524$1,735
9 years$3,065$2,800$2,556$2,331$2,126$1,383
10 years$2,730$2,468$2,228$2,010$1,811$1,114
11 years$2,457$2,197$1,962$1,749$1,558$904
12 years$2,229$1,972$1,741$1,534$1,350$738
13 years$2,036$1,782$1,555$1,354$1,177$606
14 years$1,871$1,620$1,397$1,202$1,032$499
15 years$1,729$1,480$1,262$1,072$909$413
16 years$1,604$1,358$1,144$960$803$342
17 years$1,494$1,250$1,041$863$712$284
18 years$1,396$1,155$950$777$633$236
19 years$1,309$1,071$870$702$564$197
20 years$1,230$995$798$636$504$164
21 years$1,159$927$734$577$451$137
22 years$1,095$865$677$525$404$114
23 years$1,036$809$625$478$363$96
24 years$983$758$578$436$326$80
25 years$933$711$535$398$294$67
26 years$888$669$496$364$264$56
27 years$846$629$461$333$238$47
28 years$807$593$429$305$215$39
29 years$771$559$399$280$194$33
30 years$737$528$371$257$175$28
31 years$705$499$346$236$159$23
32 years$676$473$323$217$144$19
33 years$648$447$302$199$130$16
34 years$622$424$282$184$118$14
35 years$598$402$264$169$107$11
36 years$575$382$247$156$97$10
37 years$553$363$231$143$87$8
38 years$533$345$216$132$79$7
39 years$513$328$202$122$72$6
40 years$495$312$190$112$65$5
41 years$477$297$178$104$59$4
42 years$461$283$167$96$54$3
43 years$445$269$157$88$49$3
44 years$430$257$147$82$44$2
45 years$416$245$138$75$40$2
46 years$402$234$130$70$36$2
47 years$389$223$122$64$33$1
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 $2,585 every year, while hoping to spend $28,713 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: 47/37/16 Blend
29$362,000$362,000$362,000$362,000
30$401,590$382,404$376,793$418,538
31$412,002$370,592$358,866$418,754
32$422,514$357,238$339,375$415,862
33$433,105$342,237$318,239$412,101
34$443,752$325,478$295,370$407,402
35$454,429$306,841$270,680$401,691
36$465,106$286,201$244,072$394,888
37$475,748$263,426$215,450$386,908
38$486,317$238,376$184,710$377,659
39$496,768$210,903$151,744$367,043
40$507,051$180,850$116,441$354,955
41$517,111$148,053$78,682$341,283
42$526,885$112,336$38,347$325,906
43$536,303$73,516$0$308,696
44$545,284$31,397$0$290,316
45$553,742$0$0$276,854
46$561,577$0$0$267,412
47$568,678$0$0$270,352
48$574,923$0$0$272,824
49$580,175$0$0$274,759
50$584,281$0$0$276,074
51$587,070$0$0$276,683
52$588,355$0$0$276,486
53$587,925$0$0$275,373
54$585,547$0$0$273,224
55$580,963$0$0$269,903
56$573,886$0$0$265,261
57$563,997$0$0$259,131
58$550,944$0$0$251,332
59$534,336$0$0$241,658
60$513,741$0$0$229,885
61$488,679$0$0$215,765
62$458,622$0$0$199,020
63$422,981$0$0$179,347
64$381,109$0$0$156,409
65$332,288$0$0$129,831
66$275,725$0$0$99,203
67$210,543$0$0$64,069
68$135,773$0$0$23,926
69$50,345$0$0$0
70$0$0$0$0
71$0$0$0$0
72$0$0$0$0
73$0$0$0$0
74$0$0$0$0
75$0$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