Can I retire at age 30 with 366,000?

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 $366,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.7%
1 years$30,224$29,955$29,692$29,436$29,185$28,503
2 years$14,962$14,684$14,414$14,152$13,898$13,214
3 years$9,876$9,596$9,327$9,067$8,817$8,154
4 years$7,333$7,054$6,787$6,532$6,289$5,650
5 years$5,808$5,530$5,267$5,018$4,780$4,169
6 years$4,791$4,516$4,257$4,013$3,783$3,199
7 years$4,065$3,793$3,537$3,299$3,076$2,520
8 years$3,521$3,251$3,000$2,767$2,552$2,024
9 years$3,098$2,831$2,584$2,357$2,149$1,648
10 years$2,760$2,495$2,253$2,032$1,831$1,357
11 years$2,484$2,221$1,983$1,768$1,575$1,126
12 years$2,253$1,994$1,760$1,551$1,365$941
13 years$2,059$1,802$1,572$1,369$1,190$791
14 years$1,892$1,638$1,413$1,216$1,043$668
15 years$1,748$1,496$1,276$1,084$919$566
16 years$1,622$1,373$1,157$971$812$481
17 years$1,510$1,264$1,052$872$720$409
18 years$1,412$1,168$961$786$640$350
19 years$1,323$1,083$880$710$570$299
20 years$1,244$1,006$807$643$510$256
21 years$1,172$937$742$584$456$220
22 years$1,107$875$684$531$409$189
23 years$1,048$818$632$483$367$162
24 years$993$766$584$441$330$139
25 years$944$719$541$403$297$120
26 years$898$676$502$368$267$103
27 years$855$636$466$337$241$89
28 years$816$599$433$309$217$77
29 years$779$566$403$283$196$66
30 years$745$534$376$260$177$57
31 years$713$505$350$239$160$49
32 years$683$478$327$219$145$42
33 years$655$452$305$202$131$37
34 years$629$429$285$186$119$32
35 years$605$407$266$171$108$27
36 years$581$386$249$157$98$24
37 years$559$367$233$145$88$20
38 years$539$348$218$134$80$18
39 years$519$331$205$123$73$15
40 years$500$315$192$114$66$13
41 years$483$300$180$105$60$11
42 years$466$286$169$97$54$10
43 years$450$272$158$89$49$8
44 years$435$260$149$82$45$7
45 years$420$247$140$76$41$6
46 years$407$236$131$70$37$5
47 years$393$225$123$65$33$5
48 years$381$215$116$60$30$4
49 years$369$205$109$56$28$4
50 years$357$196$102$51$25$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $366,000, adding $4,089 every year, while hoping to spend $22,830 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: 54/39/7 Blend
29$366,000$366,000$366,000$366,000
30$407,550$388,152$382,479$428,669
31$424,829$382,880$371,001$438,147
32$443,105$376,585$358,373$445,592
33$462,457$369,193$344,533$453,143
34$482,968$360,624$329,416$460,811
35$504,731$350,795$312,952$468,614
36$527,848$339,618$295,070$476,571
37$552,430$327,001$275,696$484,704
38$578,597$312,843$254,751$493,039
39$606,483$297,041$232,154$501,606
40$636,232$279,484$207,819$510,441
41$668,004$260,055$181,658$519,584
42$701,973$238,631$153,576$529,082
43$738,331$215,080$123,478$538,988
44$777,288$189,266$91,261$549,364
45$819,073$161,042$56,820$560,278
46$863,939$130,253$20,044$571,811
47$912,162$96,737$0$584,052
48$964,048$60,323$0$598,537
49$1,019,930$20,827$0$615,638
50$1,080,174$0$0$633,997
51$1,145,184$0$0$663,187
52$1,215,402$0$0$704,396
53$1,291,315$0$0$748,976
54$1,373,457$0$0$797,244
55$1,462,416$0$0$849,549
56$1,558,838$0$0$906,276
57$1,663,434$0$0$967,846
58$1,776,985$0$0$1,034,724
59$1,900,350$0$0$1,107,420
60$2,034,475$0$0$1,186,497
61$2,180,400$0$0$1,272,572
62$2,339,269$0$0$1,366,327
63$2,512,341$0$0$1,468,508
64$2,701,003$0$0$1,579,941
65$2,906,778$0$0$1,701,532
66$3,131,347$0$0$1,834,279
67$3,376,556$0$0$1,979,280
68$3,644,439$0$0$2,137,746
69$3,937,235$0$0$2,311,007
70$4,257,411$0$0$2,500,531
71$4,607,680$0$0$2,707,930
72$4,991,030$0$0$2,934,983
73$5,410,753$0$0$3,183,647
74$5,870,473$0$0$3,456,077
75$6,374,181$0$0$3,754,648
76$6,926,272$0$0$4,081,973
77$7,531,587$0$0$4,440,933
78$8,195,458$0$0$4,834,699
79$8,923,756$0$0$5,266,764
80$9,722,950$0$0$5,740,975
81$10,600,165$0$0$6,261,572
82$11,563,247$0$0$6,833,222
83$12,620,843$0$0$7,461,070
84$13,782,476$0$0$8,150,780
85$15,058,635$0$0$8,908,593
86$16,460,879$0$0$9,741,387
87$18,001,938$0$0$10,656,735
88$19,695,841$0$0$11,662,983
89$21,558,039$0$0$12,769,324
90$23,605,558$0$0$13,985,890
91$25,857,154$0$0$15,323,839
92$28,333,494$0$0$16,795,467
93$31,057,347$0$0$18,414,323
94$34,053,798$0$0$20,195,332
95$37,350,488$0$0$22,154,940
96$40,977,872$0$0$24,311,268
97$44,969,504$0$0$26,684,283
98$49,362,357$0$0$29,295,982
99$54,197,169$0$0$32,170,607
100$59,518,827$0$0$35,334,867