Can I retire at age 30 with 331,000?

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 $331,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.1%
1 years$27,334$27,090$26,853$26,621$26,394$26,162
2 years$13,532$13,280$13,035$12,798$12,569$12,335
3 years$8,931$8,678$8,435$8,200$7,974$7,746
4 years$6,632$6,379$6,138$5,908$5,687$5,466
5 years$5,252$5,002$4,764$4,538$4,323$4,110
6 years$4,333$4,084$3,850$3,629$3,421$3,216
7 years$3,677$3,430$3,199$2,983$2,782$2,585
8 years$3,185$2,940$2,713$2,503$2,308$2,119
9 years$2,802$2,560$2,337$2,132$1,944$1,763
10 years$2,496$2,256$2,037$1,838$1,656$1,484
11 years$2,246$2,009$1,794$1,599$1,424$1,260
12 years$2,038$1,803$1,592$1,403$1,234$1,078
13 years$1,862$1,629$1,422$1,238$1,076$927
14 years$1,711$1,481$1,278$1,099$944$802
15 years$1,581$1,353$1,154$980$831$696
16 years$1,466$1,241$1,046$878$734$607
17 years$1,366$1,143$952$789$651$530
18 years$1,277$1,056$869$711$579$465
19 years$1,197$979$795$642$516$408
20 years$1,125$910$730$582$461$359
21 years$1,060$847$671$528$412$316
22 years$1,001$791$619$480$370$279
23 years$948$740$571$437$332$247
24 years$898$693$528$399$298$218
25 years$853$650$489$364$268$193
26 years$812$611$454$333$242$171
27 years$773$575$422$305$218$152
28 years$738$542$392$279$197$135
29 years$705$511$365$256$178$120
30 years$674$483$340$235$160$106
31 years$645$457$317$216$145$95
32 years$618$432$295$198$131$84
33 years$593$409$276$182$119$75
34 years$569$388$258$168$108$67
35 years$547$368$241$154$97$59
36 years$526$349$225$142$88$53
37 years$506$332$211$131$80$47
38 years$487$315$198$121$73$42
39 years$469$300$185$111$66$37
40 years$453$285$174$103$60$33
41 years$437$271$163$95$54$30
42 years$421$258$153$87$49$26
43 years$407$246$143$81$45$23
44 years$393$235$134$75$40$21
45 years$380$224$126$69$37$19
46 years$368$214$119$64$33$17
47 years$356$204$111$59$30$15
48 years$344$195$105$54$27$13
49 years$334$186$98$50$25$12
50 years$323$177$92$46$23$11

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $331,000, adding $3,259 every year, while hoping to spend $23,187 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: 68/20/12 Blend
29$331,000$331,000$331,000$331,000
30$368,124$350,581$345,450$391,972
31$381,001$343,088$332,352$400,758
32$394,416$334,452$318,038$407,287
33$408,397$324,590$302,443$413,827
34$422,977$313,419$285,498$420,377
35$438,191$300,847$267,133$426,933
36$454,077$286,780$247,273$433,497
37$470,677$271,115$225,840$440,067
38$488,033$253,747$202,753$446,644
39$506,194$234,563$177,927$453,230
40$525,212$213,442$151,273$459,827
41$545,142$190,259$122,699$466,440
42$566,045$164,881$92,109$473,074
43$587,988$137,166$59,400$479,736
44$611,041$106,965$24,468$486,436
45$635,282$74,121$0$493,186
46$660,796$38,469$0$501,641
47$687,675$0$0$513,626
48$716,020$0$0$526,080
49$745,939$0$0$548,170
50$777,551$0$0$571,519
51$810,988$0$0$596,224
52$846,389$0$0$622,390
53$883,911$0$0$650,134
54$923,723$0$0$679,582
55$966,009$0$0$710,872
56$1,010,973$0$0$744,156
57$1,058,836$0$0$779,600
58$1,109,840$0$0$817,384
59$1,164,252$0$0$857,708
60$1,222,361$0$0$900,789
61$1,284,487$0$0$946,865
62$1,350,980$0$0$996,198
63$1,422,222$0$0$1,049,074
64$1,498,634$0$0$1,105,809
65$1,580,678$0$0$1,166,747
66$1,668,860$0$0$1,232,268
67$1,763,735$0$0$1,302,787
68$1,865,913$0$0$1,378,761
69$1,976,066$0$0$1,460,691
70$2,094,929$0$0$1,549,129
71$2,223,311$0$0$1,644,681
72$2,362,102$0$0$1,748,011
73$2,512,277$0$0$1,859,852
74$2,674,911$0$0$1,981,007
75$2,851,184$0$0$2,112,360
76$3,042,396$0$0$2,254,884
77$3,249,974$0$0$2,409,648
78$3,475,488$0$0$2,577,828
79$3,720,666$0$0$2,760,718
80$3,987,409$0$0$2,959,741
81$4,277,807$0$0$3,176,464
82$4,594,162$0$0$3,412,609
83$4,939,006$0$0$3,670,074
84$5,315,126$0$0$3,950,946
85$5,725,588$0$0$4,257,522
86$6,173,769$0$0$4,592,332
87$6,663,387$0$0$4,958,159
88$7,198,532$0$0$5,358,069
89$7,783,709$0$0$5,795,437
90$8,423,879$0$0$6,273,977
91$9,124,502$0$0$6,797,782
92$9,891,593$0$0$7,371,357
93$10,731,773$0$0$7,999,663
94$11,652,335$0$0$8,688,163
95$12,661,312$0$0$9,442,875
96$13,767,548$0$0$10,270,427
97$14,980,785$0$0$11,178,116
98$16,311,755$0$0$12,173,983
99$17,772,276$0$0$13,266,883
100$19,375,366$0$0$14,466,570