Can I retire at age 30 with 343,000?

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 $343,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.7%
1 years$28,325$28,072$27,826$27,586$27,351$26,604
2 years$14,022$13,761$13,508$13,262$13,024$12,277
3 years$9,255$8,993$8,740$8,497$8,263$7,539
4 years$6,872$6,611$6,361$6,122$5,893$5,198
5 years$5,443$5,183$4,936$4,702$4,480$3,815
6 years$4,490$4,232$3,989$3,760$3,545$2,912
7 years$3,810$3,554$3,315$3,092$2,883$2,281
8 years$3,300$3,047$2,811$2,593$2,392$1,821
9 years$2,904$2,653$2,421$2,209$2,014$1,474
10 years$2,587$2,338$2,111$1,904$1,716$1,206
11 years$2,328$2,082$1,859$1,657$1,476$995
12 years$2,112$1,868$1,649$1,454$1,279$826
13 years$1,929$1,688$1,474$1,283$1,115$689
14 years$1,773$1,535$1,324$1,139$978$578
15 years$1,638$1,402$1,195$1,016$861$486
16 years$1,520$1,286$1,084$910$761$410
17 years$1,415$1,185$986$817$675$347
18 years$1,323$1,095$900$737$600$294
19 years$1,240$1,014$824$666$535$249
20 years$1,166$943$756$603$478$212
21 years$1,099$878$696$547$427$180
22 years$1,038$820$641$497$383$154
23 years$982$767$592$453$344$131
24 years$931$718$548$413$309$112
25 years$884$674$507$377$278$96
26 years$841$634$470$345$251$82
27 years$801$596$437$316$226$70
28 years$764$562$406$289$204$60
29 years$730$530$378$265$184$51
30 years$698$501$352$244$166$44
31 years$668$473$328$224$150$37
32 years$640$448$306$206$136$32
33 years$614$424$286$189$123$27
34 years$590$402$267$174$111$23
35 years$567$381$250$160$101$20
36 years$545$362$234$147$91$17
37 years$524$344$219$136$83$15
38 years$505$327$205$125$75$13
39 years$486$311$192$115$68$11
40 years$469$295$180$106$62$9
41 years$452$281$169$98$56$8
42 years$437$268$158$91$51$7
43 years$422$255$148$84$46$6
44 years$408$243$139$77$42$5
45 years$394$232$131$71$38$4
46 years$381$221$123$66$35$4
47 years$369$211$115$61$31$3
48 years$357$202$108$56$28$3
49 years$346$192$102$52$26$2
50 years$335$184$96$48$23$2

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $343,000, adding $3,545 every year, while hoping to spend $21,389 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: 44/30/26 Blend
29$343,000$343,000$343,000$343,000
30$381,643$363,464$358,147$395,421
31$397,812$358,516$347,387$400,617
32$414,915$352,608$335,550$403,918
33$433,022$345,672$322,577$407,080
34$452,213$337,633$308,407$410,100
35$472,576$328,414$292,975$412,979
36$494,203$317,931$276,214$415,718
37$517,200$306,097$258,055$418,323
38$541,678$292,820$238,424$420,798
39$567,763$278,002$217,245$423,152
40$595,590$261,539$194,438$425,398
41$625,307$243,322$169,919$427,550
42$657,078$223,234$143,601$429,629
43$691,082$201,154$115,392$431,657
44$727,513$176,952$85,199$433,663
45$766,588$150,491$52,922$435,682
46$808,542$121,626$18,456$437,756
47$853,633$90,206$0$439,931
48$902,146$56,069$0$447,350
49$954,394$19,045$0$460,789
50$1,010,717$0$0$475,231
51$1,071,493$0$0$497,747
52$1,137,136$0$0$528,890
53$1,208,099$0$0$562,590
54$1,284,882$0$0$599,090
55$1,368,034$0$0$638,655
56$1,458,158$0$0$681,577
57$1,555,919$0$0$728,177
58$1,662,045$0$0$778,809
59$1,777,340$0$0$833,860
60$1,902,687$0$0$893,758
61$2,039,057$0$0$958,974
62$2,187,519$0$0$1,030,024
63$2,349,250$0$0$1,107,478
64$2,525,542$0$0$1,191,962
65$2,717,822$0$0$1,284,167
66$2,927,657$0$0$1,384,852
67$3,156,772$0$0$1,494,852
68$3,407,067$0$0$1,615,087
69$3,680,635$0$0$1,746,571
70$3,979,776$0$0$1,890,419
71$4,307,027$0$0$2,047,859
72$4,665,179$0$0$2,220,243
73$5,057,306$0$0$2,409,060
74$5,486,793$0$0$2,615,951
75$5,957,366$0$0$2,842,721
76$6,473,133$0$0$3,091,361
77$7,038,613$0$0$3,364,060
78$7,658,787$0$0$3,663,232
79$8,339,139$0$0$3,991,534
80$9,085,710$0$0$4,351,896
81$9,905,154$0$0$4,747,540
82$10,804,802$0$0$5,182,020
83$11,792,728$0$0$5,659,250
84$12,877,826$0$0$6,183,540
85$14,069,895$0$0$6,759,639
86$15,379,729$0$0$7,392,780
87$16,819,218$0$0$8,088,727
88$18,401,465$0$0$8,853,830
89$20,140,901$0$0$9,695,084
90$22,053,428$0$0$10,620,199
91$24,156,564$0$0$11,637,666
92$26,469,612$0$0$12,756,843
93$29,013,837$0$0$13,988,037
94$31,812,668$0$0$15,342,609
95$34,891,923$0$0$16,833,072
96$38,280,043$0$0$18,473,216
97$42,008,370$0$0$20,278,235
98$46,111,435$0$0$22,264,869
99$50,627,286$0$0$24,451,566
100$55,597,847$0$0$26,858,649