Can I retire at age 30 with 323,000?

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 $323,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.3%
1 years$26,673$26,435$26,204$25,977$25,756$25,093
2 years$13,204$12,959$12,720$12,489$12,265$11,601
3 years$8,716$8,469$8,231$8,002$7,781$7,138
4 years$6,472$6,225$5,990$5,765$5,550$4,931
5 years$5,125$4,881$4,648$4,428$4,219$3,627
6 years$4,228$3,985$3,757$3,541$3,338$2,774
7 years$3,588$3,347$3,122$2,911$2,715$2,178
8 years$3,108$2,869$2,648$2,442$2,252$1,743
9 years$2,734$2,498$2,280$2,080$1,897$1,414
10 years$2,436$2,202$1,988$1,793$1,616$1,160
11 years$2,192$1,960$1,750$1,561$1,390$959
12 years$1,989$1,759$1,553$1,369$1,204$798
13 years$1,817$1,590$1,388$1,209$1,050$668
14 years$1,670$1,445$1,247$1,073$921$562
15 years$1,542$1,320$1,126$957$811$474
16 years$1,431$1,211$1,021$857$716$401
17 years$1,333$1,116$929$770$635$340
18 years$1,246$1,031$848$694$565$289
19 years$1,168$955$776$627$503$246
20 years$1,098$888$712$568$450$210
21 years$1,035$827$655$515$402$179
22 years$977$772$604$468$361$153
23 years$925$722$558$427$324$131
24 years$877$676$516$389$291$112
25 years$833$635$478$355$262$96
26 years$792$597$443$325$236$82
27 years$755$561$411$297$213$71
28 years$720$529$382$272$192$61
29 years$688$499$356$250$173$52
30 years$657$471$331$229$157$45
31 years$629$446$309$211$142$38
32 years$603$422$288$194$128$33
33 years$578$399$269$178$116$28
34 years$555$378$252$164$105$24
35 years$534$359$235$151$95$21
36 years$513$341$220$139$86$18
37 years$494$324$206$128$78$15
38 years$475$307$193$118$71$13
39 years$458$292$181$109$64$11
40 years$442$278$169$100$58$10
41 years$426$265$159$93$53$8
42 years$411$252$149$85$48$7
43 years$397$240$140$79$43$6
44 years$384$229$131$73$39$5
45 years$371$218$123$67$36$5
46 years$359$208$116$62$33$4
47 years$347$199$109$57$30$3
48 years$336$190$102$53$27$3
49 years$326$181$96$49$24$3
50 years$315$173$90$45$22$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $323,000, adding $2,078 every year, while hoping to spend $22,301 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: 77/14/9 Blend
29$323,000$323,000$323,000$323,000
30$358,089$340,970$335,964$384,988
31$370,886$333,950$323,491$395,943
32$384,241$325,838$309,852$404,882
33$398,188$316,557$294,986$414,038
34$412,761$306,027$278,826$423,425
35$428,000$294,160$261,304$433,056
36$443,948$280,866$242,350$442,948
37$460,650$266,047$221,888$453,117
38$478,155$249,602$199,839$463,585
39$496,517$231,423$176,124$474,372
40$515,793$211,395$150,656$485,503
41$536,048$189,397$123,347$497,007
42$557,350$165,302$94,104$508,914
43$579,773$138,975$62,830$521,258
44$603,399$110,274$29,424$534,079
45$628,316$79,048$0$547,420
46$654,621$45,138$0$561,927
47$682,418$8,376$0$580,110
48$711,824$0$0$599,213
49$742,962$0$0$624,153
50$775,971$0$0$651,964
51$810,998$0$0$681,482
52$848,209$0$0$712,846
53$887,782$0$0$746,208
54$929,912$0$0$781,734
55$974,815$0$0$819,604
56$1,022,724$0$0$860,018
57$1,073,896$0$0$903,195
58$1,128,615$0$0$949,372
59$1,187,187$0$0$998,812
60$1,249,953$0$0$1,051,801
61$1,317,284$0$0$1,108,656
62$1,389,588$0$0$1,169,721
63$1,467,311$0$0$1,235,377
64$1,550,946$0$0$1,306,039
65$1,641,031$0$0$1,382,165
66$1,738,160$0$0$1,464,258
67$1,842,983$0$0$1,552,869
68$1,956,215$0$0$1,648,605
69$2,078,642$0$0$1,752,132
70$2,211,128$0$0$1,864,184
71$2,354,622$0$0$1,985,565
72$2,510,168$0$0$2,117,160
73$2,678,913$0$0$2,259,944
74$2,862,122$0$0$2,414,987
75$3,061,181$0$0$2,583,467
76$3,277,619$0$0$2,766,680
77$3,513,115$0$0$2,966,051
78$3,769,519$0$0$3,183,149
79$4,048,866$0$0$3,419,700
80$4,353,394$0$0$3,677,602
81$4,685,567$0$0$3,958,947
82$5,048,098$0$0$4,266,035
83$5,443,973$0$0$4,601,400
84$5,876,477$0$0$4,967,829
85$6,349,228$0$0$5,368,392
86$6,866,211$0$0$5,806,468
87$7,431,811$0$0$6,285,780
88$8,050,858$0$0$6,810,422
89$8,728,669$0$0$7,384,909
90$9,471,100$0$0$8,014,208
91$10,284,601$0$0$8,703,790
92$11,176,273$0$0$9,459,682
93$12,153,939$0$0$10,288,520
94$13,226,215$0$0$11,197,614
95$14,402,588$0$0$12,195,015
96$15,693,511$0$0$13,289,591
97$17,110,497$0$0$14,491,110
98$18,666,228$0$0$15,810,333
99$20,374,672$0$0$17,259,112
100$22,251,220$0$0$18,850,505