Can I retire at age 30 with 374,000?

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 $374,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.1%
1 years$30,885$30,609$30,341$30,079$29,823$29,438
2 years$15,289$15,005$14,729$14,461$14,202$13,814
3 years$10,092$9,806$9,530$9,265$9,010$8,633
4 years$7,493$7,208$6,936$6,675$6,426$6,061
5 years$5,935$5,651$5,382$5,127$4,885$4,534
6 years$4,896$4,615$4,350$4,100$3,865$3,528
7 years$4,154$3,875$3,615$3,371$3,144$2,821
8 years$3,598$3,322$3,066$2,828$2,608$2,299
9 years$3,166$2,892$2,640$2,409$2,196$1,902
10 years$2,821$2,549$2,302$2,076$1,871$1,590
11 years$2,538$2,270$2,027$1,807$1,609$1,342
12 years$2,303$2,037$1,799$1,585$1,395$1,141
13 years$2,104$1,841$1,607$1,399$1,216$975
14 years$1,933$1,673$1,444$1,242$1,066$838
15 years$1,786$1,529$1,304$1,108$939$722
16 years$1,657$1,403$1,182$992$830$625
17 years$1,543$1,292$1,075$891$736$543
18 years$1,442$1,194$982$803$654$472
19 years$1,352$1,106$899$726$583$412
20 years$1,271$1,028$825$657$521$359
21 years$1,198$957$759$597$466$314
22 years$1,131$894$699$542$418$275
23 years$1,071$836$646$494$375$242
24 years$1,015$783$597$451$337$212
25 years$964$735$553$411$303$186
26 years$917$691$513$376$273$164
27 years$874$650$476$344$246$144
28 years$834$613$443$315$222$127
29 years$796$578$412$289$201$112
30 years$761$546$384$266$181$98
31 years$729$516$358$244$164$87
32 years$698$488$334$224$148$77
33 years$670$462$312$206$134$68
34 years$643$438$291$190$121$60
35 years$618$416$272$175$110$53
36 years$594$394$255$161$100$46
37 years$572$375$238$148$90$41
38 years$550$356$223$137$82$36
39 years$530$339$209$126$74$32
40 years$511$322$196$116$67$28
41 years$493$307$184$107$61$25
42 years$476$292$172$99$55$22
43 years$460$278$162$91$50$19
44 years$444$265$152$84$46$17
45 years$430$253$143$78$41$15
46 years$416$241$134$72$38$13
47 years$402$230$126$66$34$12
48 years$389$220$118$61$31$10
49 years$377$210$111$57$28$9
50 years$365$200$105$52$26$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $374,000, adding $3,477 every year, while hoping to spend $28,854 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: 56/30/14 Blend
29$374,000$374,000$374,000$374,000
30$415,735$395,913$390,116$437,323
31$427,439$384,612$372,484$441,062
32$439,370$371,790$353,295$441,688
33$451,521$357,343$332,465$441,702
34$463,882$341,159$309,909$441,052
35$476,443$323,120$285,535$439,682
36$489,190$303,103$259,251$437,529
37$502,108$280,976$230,956$434,530
38$515,179$256,599$200,549$430,615
39$528,381$229,827$167,921$425,708
40$541,691$200,503$132,962$419,730
41$555,080$168,464$95,552$412,595
42$568,515$133,537$55,571$404,211
43$581,961$95,537$12,890$394,479
44$595,376$54,273$0$383,293
45$608,711$9,539$0$375,419
46$621,914$0$0$368,227
47$634,923$0$0$372,517
48$647,671$0$0$379,776
49$660,081$0$0$386,807
50$672,067$0$0$393,556
51$683,532$0$0$399,964
52$694,368$0$0$405,963
53$704,454$0$0$411,477
54$713,657$0$0$416,423
55$721,824$0$0$420,708
56$728,788$0$0$424,226
57$734,363$0$0$426,863
58$738,341$0$0$428,488
59$740,490$0$0$428,959
60$740,554$0$0$428,116
61$738,247$0$0$425,782
62$733,253$0$0$421,762
63$725,220$0$0$415,836
64$713,759$0$0$407,764
65$698,437$0$0$397,278
66$678,777$0$0$384,083
67$654,248$0$0$367,849
68$624,264$0$0$348,214
69$588,174$0$0$324,776
70$545,261$0$0$297,091
71$494,729$0$0$264,665
72$435,700$0$0$226,957
73$367,200$0$0$183,363
74$288,155$0$0$133,221
75$197,379$0$0$75,796
76$93,557$0$0$10,277
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