Can I retire at age 30 with 337,000?

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 $337,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.8%
1 years$27,829$27,581$27,339$27,103$26,873$26,128
2 years$13,777$13,520$13,272$13,030$12,797$12,052
3 years$9,093$8,836$8,588$8,349$8,119$7,397
4 years$6,752$6,495$6,250$6,015$5,790$5,097
5 years$5,348$5,092$4,850$4,620$4,402$3,740
6 years$4,412$4,158$3,919$3,695$3,483$2,852
7 years$3,743$3,492$3,257$3,038$2,833$2,233
8 years$3,242$2,993$2,762$2,548$2,350$1,782
9 years$2,853$2,606$2,379$2,170$1,979$1,441
10 years$2,542$2,297$2,074$1,871$1,686$1,178
11 years$2,287$2,045$1,826$1,628$1,450$971
12 years$2,075$1,836$1,621$1,428$1,257$806
13 years$1,896$1,659$1,448$1,261$1,096$672
14 years$1,742$1,508$1,301$1,119$961$563
15 years$1,609$1,377$1,175$998$846$473
16 years$1,493$1,264$1,065$894$748$399
17 years$1,391$1,164$969$803$663$337
18 years$1,300$1,075$885$724$589$286
19 years$1,218$997$810$654$525$242
20 years$1,145$926$743$592$469$206
21 years$1,079$863$684$538$420$175
22 years$1,019$805$630$489$376$149
23 years$965$753$582$445$338$127
24 years$915$706$538$406$304$108
25 years$869$662$498$371$273$92
26 years$827$622$462$339$246$79
27 years$787$586$429$310$222$67
28 years$751$552$399$284$200$57
29 years$717$521$371$261$181$49
30 years$686$492$346$239$163$42
31 years$657$465$322$220$148$36
32 years$629$440$301$202$134$31
33 years$604$417$281$186$121$26
34 years$579$395$262$171$109$22
35 years$557$374$245$157$99$19
36 years$535$355$230$145$90$16
37 years$515$338$215$133$81$14
38 years$496$321$201$123$74$12
39 years$478$305$188$113$67$10
40 years$461$290$177$105$61$9
41 years$444$276$166$97$55$8
42 years$429$263$155$89$50$6
43 years$414$251$146$82$45$6
44 years$400$239$137$76$41$5
45 years$387$228$129$70$37$4
46 years$374$217$121$65$34$3
47 years$362$207$113$60$31$3
48 years$351$198$107$55$28$3
49 years$340$189$100$51$25$2
50 years$329$181$94$47$23$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $337,000, adding $3,243 every year, while hoping to spend $22,729 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: 75/5/20 Blend
29$337,000$337,000$337,000$337,000
30$374,719$356,858$351,635$400,819
31$388,757$350,161$339,231$411,864
32$403,465$342,373$325,650$420,870
33$418,887$333,419$310,828$430,150
34$435,072$323,215$294,699$439,728
35$452,072$311,674$277,194$449,626
36$469,943$298,706$258,240$459,872
37$488,748$284,214$237,762$470,498
38$508,553$268,093$215,679$481,535
39$529,432$250,236$191,911$493,023
40$551,464$230,527$166,370$505,003
41$574,736$208,846$138,967$517,523
42$599,344$185,064$109,606$530,633
43$625,390$159,045$78,191$544,394
44$652,987$130,645$44,618$558,868
45$682,259$99,714$8,780$574,129
46$713,341$66,092$0$590,257
47$746,380$29,609$0$613,628
48$781,538$0$0$640,461
49$818,991$0$0$669,564
50$858,934$0$0$702,345
51$901,577$0$0$737,351
52$947,153$0$0$774,774
53$995,917$0$0$814,824
54$1,048,148$0$0$857,732
55$1,104,152$0$0$903,749
56$1,164,264$0$0$953,154
57$1,228,854$0$0$1,006,251
58$1,298,326$0$0$1,063,373
59$1,373,125$0$0$1,124,888
60$1,453,737$0$0$1,191,199
61$1,540,699$0$0$1,262,749
62$1,634,599$0$0$1,340,022
63$1,736,085$0$0$1,423,555
64$1,845,868$0$0$1,513,934
65$1,964,728$0$0$1,611,804
66$2,093,526$0$0$1,717,876
67$2,233,205$0$0$1,832,929
68$2,384,805$0$0$1,957,823
69$2,549,469$0$0$2,093,501
70$2,728,452$0$0$2,241,001
71$2,923,138$0$0$2,401,467
72$3,135,049$0$0$2,576,154
73$3,365,857$0$0$2,766,445
74$3,617,406$0$0$2,973,864
75$3,891,722$0$0$3,200,084
76$4,191,036$0$0$3,446,950
77$4,517,804$0$0$3,716,491
78$4,874,731$0$0$4,010,940
79$5,264,791$0$0$4,332,757
80$5,691,262$0$0$4,684,649
81$6,157,750$0$0$5,069,598
82$6,668,230$0$0$5,490,886
83$7,227,073$0$0$5,952,127
84$7,839,096$0$0$6,457,302
85$8,509,605$0$0$7,010,793
86$9,244,439$0$0$7,617,428
87$10,050,032$0$0$8,282,523
88$10,933,470$0$0$9,011,934
89$11,902,555$0$0$9,812,109
90$12,965,884$0$0$10,690,152
91$14,132,925$0$0$11,653,887
92$15,414,107$0$0$12,711,934
93$16,820,917$0$0$13,873,786
94$18,366,010$0$0$15,149,902
95$20,063,329$0$0$16,551,802
96$21,928,229$0$0$18,092,180
97$23,977,629$0$0$19,785,018
98$26,230,170$0$0$21,645,719
99$28,706,384$0$0$23,691,254
100$31,428,895$0$0$25,940,321