Can I retire at age 30 with 281,000?

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 $281,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.3%
1 years$23,205$22,998$22,796$22,600$22,407$22,100
2 years$11,487$11,274$11,066$10,865$10,670$10,361
3 years$7,582$7,367$7,161$6,961$6,770$6,468
4 years$5,630$5,416$5,211$5,015$4,828$4,537
5 years$4,459$4,246$4,044$3,852$3,670$3,390
6 years$3,679$3,467$3,268$3,081$2,904$2,635
7 years$3,121$2,912$2,716$2,533$2,362$2,104
8 years$2,704$2,496$2,303$2,125$1,959$1,713
9 years$2,379$2,173$1,984$1,810$1,650$1,415
10 years$2,119$1,916$1,730$1,560$1,406$1,182
11 years$1,907$1,705$1,523$1,358$1,209$997
12 years$1,730$1,531$1,351$1,191$1,048$846
13 years$1,581$1,383$1,207$1,051$914$722
14 years$1,453$1,257$1,085$933$801$620
15 years$1,342$1,149$979$832$705$534
16 years$1,245$1,054$888$745$623$461
17 years$1,160$970$808$670$553$400
18 years$1,084$897$738$603$491$347
19 years$1,016$831$675$545$438$302
20 years$955$772$620$494$391$264
21 years$900$719$570$448$350$230
22 years$850$672$525$408$314$201
23 years$804$628$485$371$282$176
24 years$763$588$449$338$253$155
25 years$724$552$416$309$228$136
26 years$689$519$385$283$205$119
27 years$657$488$358$259$185$105
28 years$626$460$333$237$167$92
29 years$598$434$310$217$151$81
30 years$572$410$288$199$136$71
31 years$548$388$269$183$123$63
32 years$525$367$251$168$111$55
33 years$503$347$234$155$101$49
34 years$483$329$219$142$91$43
35 years$464$312$205$131$83$38
36 years$446$296$191$121$75$33
37 years$429$281$179$111$68$29
38 years$414$268$168$103$62$26
39 years$398$254$157$95$56$23
40 years$384$242$147$87$51$20
41 years$371$230$138$80$46$18
42 years$358$219$130$74$42$16
43 years$346$209$122$69$38$14
44 years$334$199$114$63$34$12
45 years$323$190$107$58$31$11
46 years$312$181$101$54$28$9
47 years$302$173$95$50$26$8
48 years$292$165$89$46$23$7
49 years$283$158$84$43$21$6
50 years$274$151$79$39$19$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $281,000, adding $3,490 every year, while hoping to spend $20,981 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: 43/37/20 Blend
29$281,000$281,000$281,000$281,000
30$313,262$298,369$294,013$324,774
31$322,891$290,665$281,539$325,549
32$332,799$281,881$267,944$324,072
33$342,992$271,941$253,168$322,040
34$353,477$260,766$237,149$319,411
35$364,260$248,271$219,821$316,143
36$375,346$234,368$201,117$312,188
37$386,742$218,963$180,965$307,500
38$398,454$201,956$159,291$302,027
39$410,486$183,242$136,017$295,714
40$422,844$162,709$111,063$288,505
41$435,533$140,241$84,342$280,338
42$448,558$115,713$55,768$271,150
43$461,922$88,995$25,247$260,871
44$475,629$59,946$0$249,431
45$489,682$28,422$0$238,316
46$504,082$0$0$231,734
47$518,832$0$0$226,562
48$533,931$0$0$233,109
49$549,379$0$0$239,802
50$565,173$0$0$246,640
51$581,311$0$0$253,620
52$597,788$0$0$260,740
53$614,596$0$0$267,995
54$631,728$0$0$275,381
55$649,172$0$0$282,892
56$666,915$0$0$290,521
57$684,941$0$0$298,259
58$703,230$0$0$306,097
59$721,761$0$0$314,024
60$740,506$0$0$322,024
61$759,434$0$0$330,084
62$778,510$0$0$338,185
63$797,693$0$0$346,308
64$816,935$0$0$354,428
65$836,183$0$0$362,519
66$855,375$0$0$370,551
67$874,444$0$0$378,492
68$893,309$0$0$386,301
69$911,884$0$0$393,937
70$930,068$0$0$401,352
71$947,750$0$0$408,490
72$964,803$0$0$415,292
73$981,089$0$0$421,690
74$996,449$0$0$427,607
75$1,010,707$0$0$432,959
76$1,023,667$0$0$437,652
77$1,035,109$0$0$441,581
78$1,044,790$0$0$444,628
79$1,052,438$0$0$446,662
80$1,057,750$0$0$447,540
81$1,060,389$0$0$447,099
82$1,059,983$0$0$445,162
83$1,056,115$0$0$441,530
84$1,048,325$0$0$435,983
85$1,036,101$0$0$428,276
86$1,018,878$0$0$418,140
87$996,026$0$0$405,274
88$966,850$0$0$389,348
89$930,578$0$0$369,993
90$886,358$0$0$346,803
91$833,245$0$0$319,329
92$770,192$0$0$287,072
93$696,046$0$0$249,483
94$609,526$0$0$205,954
95$509,219$0$0$155,812
96$393,563$0$0$98,315
97$260,831$0$0$32,640
98$109,114$0$0$0
99$0$0$0$0
100$0$0$0$0