Can I retire at age 30 with 341,000?

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 $341,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$28,159$27,909$27,664$27,425$27,192$26,154
2 years$13,940$13,681$13,429$13,185$12,948$11,915
3 years$9,201$8,940$8,690$8,448$8,215$7,219
4 years$6,832$6,572$6,324$6,086$5,859$4,907
5 years$5,411$5,153$4,907$4,675$4,454$3,549
6 years$4,464$4,208$3,966$3,738$3,524$2,667
7 years$3,788$3,534$3,296$3,074$2,866$2,057
8 years$3,281$3,029$2,795$2,578$2,378$1,615
9 years$2,887$2,637$2,407$2,196$2,002$1,285
10 years$2,572$2,325$2,099$1,893$1,706$1,033
11 years$2,314$2,069$1,848$1,648$1,467$837
12 years$2,100$1,857$1,640$1,445$1,272$682
13 years$1,918$1,679$1,465$1,276$1,109$558
14 years$1,763$1,526$1,316$1,133$972$459
15 years$1,628$1,394$1,189$1,010$856$379
16 years$1,511$1,279$1,078$904$756$313
17 years$1,407$1,178$981$813$671$259
18 years$1,315$1,088$895$732$596$215
19 years$1,233$1,009$819$662$532$179
20 years$1,159$937$752$599$475$149
21 years$1,092$873$692$544$425$124
22 years$1,032$815$638$495$381$103
23 years$976$762$589$450$342$86
24 years$926$714$544$411$307$72
25 years$879$670$504$375$276$60
26 years$836$630$468$343$249$50
27 years$797$593$434$314$225$42
28 years$760$559$404$288$203$35
29 years$726$527$376$264$183$29
30 years$694$498$350$242$165$24
31 years$664$470$326$222$149$20
32 years$637$445$304$204$135$17
33 years$611$422$284$188$122$14
34 years$586$400$266$173$111$12
35 years$563$379$248$159$100$10
36 years$542$360$232$147$91$8
37 years$521$342$217$135$82$7
38 years$502$325$204$124$75$6
39 years$484$309$191$115$68$5
40 years$466$294$179$106$61$4
41 years$450$280$168$98$56$3
42 years$434$266$157$90$51$3
43 years$419$254$148$83$46$2
44 years$405$242$138$77$42$2
45 years$392$231$130$71$38$2
46 years$379$220$122$66$34$1
47 years$367$210$115$61$31$1
48 years$355$200$108$56$28$1
49 years$344$191$101$52$26$1
50 years$333$183$95$48$23$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $341,000, adding $3,513 every year, while hoping to spend $20,718 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: 47/31/22 Blend
29$341,000$341,000$341,000$341,000
30$379,406$361,333$356,047$394,710
31$396,061$356,994$345,931$401,435
32$413,721$351,749$334,781$406,390
33$432,466$345,530$322,542$411,345
34$452,385$338,268$309,154$416,307
35$473,573$329,887$294,555$421,291
36$496,136$320,311$278,682$426,309
37$520,189$309,454$261,465$431,379
38$545,860$297,228$242,836$436,523
39$573,286$283,541$222,719$441,764
40$602,620$268,293$201,039$447,132
41$634,028$251,380$177,715$452,661
42$667,693$232,692$152,662$458,390
43$703,815$212,111$125,793$464,366
44$742,613$189,514$97,017$470,642
45$784,331$164,770$66,237$477,277
46$829,231$137,743$33,355$484,343
47$877,605$108,285$0$491,918
48$929,773$76,243$0$500,502
49$986,086$41,455$0$518,171
50$1,046,929$3,749$0$537,232
51$1,112,727$0$0$557,845
52$1,183,944$0$0$592,830
53$1,261,094$0$0$632,147
54$1,344,740$0$0$674,808
55$1,435,500$0$0$721,134
56$1,534,056$0$0$771,475
57$1,641,157$0$0$826,220
58$1,757,627$0$0$885,795
59$1,884,373$0$0$950,669
60$2,022,392$0$0$1,021,357
61$2,172,783$0$0$1,098,427
62$2,336,752$0$0$1,182,505
63$2,515,630$0$0$1,274,277
64$2,710,881$0$0$1,374,502
65$2,924,115$0$0$1,484,013
66$3,157,105$0$0$1,603,727
67$3,411,804$0$0$1,734,655
68$3,690,362$0$0$1,877,909
69$3,995,145$0$0$2,034,714
70$4,328,760$0$0$2,206,419
71$4,694,076$0$0$2,394,508
72$5,094,253$0$0$2,600,619
73$5,532,772$0$0$2,826,551
74$6,013,465$0$0$3,074,290
75$6,540,554$0$0$3,346,020
76$7,118,688$0$0$3,644,149
77$7,752,989$0$0$3,971,327
78$8,449,096$0$0$4,330,475
79$9,213,223$0$0$4,724,808
80$10,052,214$0$0$5,157,872
81$10,973,608$0$0$5,633,569
82$11,985,710$0$0$6,156,199
83$13,097,670$0$0$6,730,500
84$14,319,567$0$0$7,361,690
85$15,662,503$0$0$8,055,518
86$17,138,714$0$0$8,818,320
87$18,761,674$0$0$9,657,073
88$20,546,233$0$0$10,579,467
89$22,508,750$0$0$11,593,972
90$24,667,247$0$0$12,709,921
91$27,041,584$0$0$13,937,599
92$29,653,638$0$0$15,288,334
93$32,527,517$0$0$16,774,611
94$35,689,781$0$0$18,410,185
95$39,169,698$0$0$20,210,211
96$42,999,511$0$0$22,191,388
97$47,214,753$0$0$24,372,117
98$51,854,571$0$0$26,772,673
99$56,962,105$0$0$29,415,395
100$62,584,885$0$0$32,324,900