Can I retire at age 30 with 338,000?

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 $338,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.4%
1 years$27,912$27,663$27,421$27,184$26,953$26,355
2 years$13,818$13,560$13,311$13,069$12,835$12,235
3 years$9,120$8,862$8,613$8,374$8,143$7,561
4 years$6,772$6,514$6,268$6,033$5,807$5,247
5 years$5,363$5,107$4,864$4,634$4,415$3,878
6 years$4,425$4,171$3,931$3,706$3,493$2,980
7 years$3,754$3,502$3,267$3,047$2,841$2,352
8 years$3,252$3,002$2,770$2,556$2,357$1,892
9 years$2,861$2,614$2,386$2,177$1,985$1,543
10 years$2,549$2,304$2,080$1,876$1,691$1,273
11 years$2,294$2,051$1,831$1,633$1,454$1,059
12 years$2,081$1,841$1,625$1,432$1,260$887
13 years$1,901$1,664$1,452$1,265$1,099$746
14 years$1,747$1,512$1,305$1,123$963$631
15 years$1,614$1,382$1,178$1,001$848$536
16 years$1,497$1,268$1,068$896$750$456
17 years$1,395$1,167$972$805$665$390
18 years$1,304$1,079$887$726$591$333
19 years$1,222$1,000$812$656$527$286
20 years$1,149$929$745$594$471$245
21 years$1,083$865$686$539$421$211
22 years$1,022$808$632$490$377$181
23 years$968$755$583$446$339$156
24 years$917$708$540$407$305$135
25 years$871$664$500$372$274$116
26 years$829$624$464$340$247$100
27 years$790$588$430$311$223$87
28 years$753$554$400$285$201$75
29 years$720$522$372$261$181$65
30 years$688$493$347$240$164$56
31 years$659$466$323$220$148$48
32 years$631$441$302$203$134$42
33 years$605$418$282$186$121$36
34 years$581$396$263$171$110$31
35 years$558$376$246$158$99$27
36 years$537$356$230$145$90$24
37 years$517$339$215$134$82$20
38 years$497$322$202$123$74$18
39 years$479$306$189$114$67$15
40 years$462$291$177$105$61$13
41 years$446$277$166$97$55$11
42 years$430$264$156$89$50$10
43 years$416$251$146$82$45$9
44 years$402$240$137$76$41$7
45 years$388$229$129$70$37$6
46 years$376$218$121$65$34$6
47 years$363$208$114$60$31$5
48 years$352$199$107$55$28$4
49 years$341$190$100$51$25$4
50 years$330$181$94$47$23$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $338,000, adding $6,373 every year, while hoping to spend $21,320 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: 34/41/25 Blend
29$338,000$338,000$338,000$338,000
30$379,050$361,136$355,897$388,883
31$395,029$356,147$345,135$391,791
32$411,923$350,199$333,298$392,550
33$429,803$343,223$320,328$392,944
34$448,746$335,145$306,162$392,956
35$468,838$325,887$290,738$392,566
36$490,170$315,366$273,989$391,757
37$512,844$303,495$255,844$390,511
38$536,969$290,182$236,230$388,811
39$562,668$275,328$215,071$386,641
40$590,072$258,831$192,288$383,985
41$619,326$240,581$167,797$380,829
42$650,591$220,463$141,511$377,160
43$684,039$198,353$113,340$372,968
44$719,862$174,123$83,188$368,244
45$758,269$147,637$50,956$362,983
46$799,492$118,750$16,542$357,182
47$843,781$87,310$0$350,842
48$891,413$53,155$0$349,353
49$942,694$16,116$0$352,400
50$997,956$0$0$355,615
51$1,057,568$0$0$369,873
52$1,121,931$0$0$393,158
53$1,191,488$0$0$418,363
54$1,266,726$0$0$445,669
55$1,348,181$0$0$475,276
56$1,436,440$0$0$507,405
57$1,532,149$0$0$542,295
58$1,636,021$0$0$580,213
59$1,748,836$0$0$621,450
60$1,871,456$0$0$666,329
61$2,004,827$0$0$715,202
62$2,149,990$0$0$768,458
63$2,308,090$0$0$826,527
64$2,480,389$0$0$889,878
65$2,668,274$0$0$959,031
66$2,873,272$0$0$1,034,557
67$3,097,064$0$0$1,117,085
68$3,341,501$0$0$1,207,306
69$3,608,619$0$0$1,305,982
70$3,900,661$0$0$1,413,952
71$4,220,096$0$0$1,532,140
72$4,569,642$0$0$1,661,563
73$4,952,295$0$0$1,803,342
74$5,371,349$0$0$1,958,709
75$5,830,435$0$0$2,129,024
76$6,333,550$0$0$2,315,783
77$6,885,099$0$0$2,520,633
78$7,489,930$0$0$2,745,390
79$8,153,383$0$0$2,992,053
80$8,881,343$0$0$3,262,825
81$9,680,288$0$0$3,560,131
82$10,557,357$0$0$3,886,645
83$11,520,412$0$0$4,245,309
84$12,578,113$0$0$4,639,367
85$13,740,003$0$0$5,072,392
86$15,016,592$0$0$5,548,319
87$16,419,459$0$0$6,071,485
88$17,961,360$0$0$6,646,667
89$19,656,349$0$0$7,279,128
90$21,519,909$0$0$7,974,667
91$23,569,099$0$0$8,739,673
92$25,822,712$0$0$9,581,184
93$28,301,455$0$0$10,506,956
94$31,028,142$0$0$11,525,534
95$34,027,908$0$0$12,646,334
96$37,328,451$0$0$13,879,729
97$40,960,284$0$0$15,237,150
98$44,957,030$0$0$16,731,191
99$49,355,737$0$0$18,375,729
100$54,197,224$0$0$20,186,055