Can I retire at age 30 with 299,000?

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 $299,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.9%
1 years$24,691$24,471$24,257$24,047$23,843$23,555
2 years$12,223$11,996$11,775$11,561$11,354$11,064
3 years$8,068$7,839$7,619$7,407$7,203$6,920
4 years$5,991$5,763$5,545$5,337$5,137$4,864
5 years$4,745$4,518$4,303$4,099$3,905$3,642
6 years$3,914$3,689$3,477$3,278$3,090$2,837
7 years$3,321$3,098$2,890$2,695$2,513$2,271
8 years$2,877$2,656$2,451$2,261$2,085$1,853
9 years$2,531$2,312$2,111$1,926$1,756$1,534
10 years$2,255$2,038$1,840$1,660$1,496$1,285
11 years$2,029$1,815$1,620$1,445$1,287$1,086
12 years$1,841$1,629$1,438$1,267$1,115$924
13 years$1,682$1,472$1,285$1,119$972$791
14 years$1,546$1,338$1,154$993$852$680
15 years$1,428$1,222$1,042$886$750$588
16 years$1,325$1,121$945$793$663$509
17 years$1,234$1,033$860$713$588$442
18 years$1,153$954$785$642$523$386
19 years$1,081$884$719$580$466$337
20 years$1,016$822$659$525$416$294
21 years$958$765$607$477$373$258
22 years$904$715$559$434$334$226
23 years$856$668$516$395$300$199
24 years$812$626$477$360$269$175
25 years$771$588$442$329$242$154
26 years$733$552$410$301$218$135
27 years$699$520$381$275$197$119
28 years$666$490$354$252$178$105
29 years$636$462$329$231$160$93
30 years$609$436$307$212$145$82
31 years$583$412$286$195$131$72
32 years$558$390$267$179$119$64
33 years$535$370$249$165$107$56
34 years$514$350$233$152$97$50
35 years$494$332$218$140$88$44
36 years$475$315$204$129$80$39
37 years$457$300$191$118$72$35
38 years$440$285$178$109$65$31
39 years$424$271$167$101$59$27
40 years$409$258$157$93$54$24
41 years$394$245$147$86$49$21
42 years$381$233$138$79$44$19
43 years$368$222$129$73$40$17
44 years$355$212$121$67$37$15
45 years$343$202$114$62$33$13
46 years$332$193$107$57$30$11
47 years$321$184$101$53$27$10
48 years$311$176$95$49$25$9
49 years$301$168$89$45$23$8
50 years$292$160$84$42$20$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $299,000, adding $3,765 every year, while hoping to spend $20,609 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: 64/30/6 Blend
29$299,000$299,000$299,000$299,000
30$333,382$317,535$312,900$354,140
31$345,459$311,166$301,454$362,060
32$358,077$303,795$288,935$367,920
33$371,270$295,349$275,283$373,779
34$385,073$285,756$260,439$379,635
35$399,527$274,934$244,340$385,487
36$414,673$262,799$226,919$391,334
37$430,557$249,264$208,108$397,177
38$447,229$234,233$187,835$403,016
39$464,743$217,608$166,025$408,855
40$483,159$199,283$142,599$414,696
41$502,540$179,147$117,475$420,545
42$522,956$157,082$90,567$426,409
43$544,483$132,964$61,786$432,297
44$567,204$106,663$31,040$438,220
45$591,208$78,039$0$444,192
46$616,595$46,946$0$450,343
47$643,471$13,229$0$458,710
48$671,953$0$0$467,333
49$702,171$0$0$483,933
50$734,264$0$0$506,212
51$768,385$0$0$529,910
52$804,703$0$0$555,145
53$843,399$0$0$582,047
54$884,677$0$0$610,756
55$928,755$0$0$641,428
56$975,875$0$0$674,232
57$1,026,301$0$0$709,355
58$1,080,324$0$0$747,000
59$1,138,261$0$0$787,392
60$1,200,462$0$0$830,776
61$1,267,309$0$0$877,422
62$1,339,224$0$0$927,625
63$1,416,667$0$0$981,712
64$1,500,146$0$0$1,040,039
65$1,590,218$0$0$1,102,998
66$1,687,494$0$0$1,171,021
67$1,792,647$0$0$1,244,580
68$1,906,416$0$0$1,324,198
69$2,029,614$0$0$1,410,445
70$2,163,133$0$0$1,503,952
71$2,307,956$0$0$1,605,411
72$2,465,163$0$0$1,715,581
73$2,635,941$0$0$1,835,302
74$2,821,597$0$0$1,965,493
75$3,023,570$0$0$2,107,167
76$3,243,440$0$0$2,261,440
77$3,482,948$0$0$2,429,539
78$3,744,009$0$0$2,612,812
79$4,028,731$0$0$2,812,746
80$4,339,434$0$0$3,030,977
81$4,678,671$0$0$3,269,303
82$5,049,254$0$0$3,529,708
83$5,454,277$0$0$3,814,373
84$5,897,148$0$0$4,125,700
85$6,381,617$0$0$4,466,333
86$6,911,815$0$0$4,839,184
87$7,492,290$0$0$5,247,461
88$8,128,052$0$0$5,694,695
89$8,824,615$0$0$6,184,774
90$9,588,053$0$0$6,721,982
91$10,425,057$0$0$7,311,036
92$11,342,995$0$0$7,957,130
93$12,349,982$0$0$8,665,987
94$13,454,956$0$0$9,443,911
95$14,667,764$0$0$10,297,844
96$15,999,251$0$0$11,235,434
97$17,461,364$0$0$12,265,104
98$19,067,264$0$0$13,396,137
99$20,831,447$0$0$14,638,754
100$22,769,887$0$0$16,004,219