Can I retire at age 30 with 345,000?

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 $345,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14%
1 years$28,490$28,236$27,988$27,747$27,511$27,055
2 years$14,104$13,841$13,587$13,340$13,100$12,643
3 years$9,309$9,045$8,791$8,547$8,311$7,866
4 years$6,912$6,649$6,398$6,158$5,928$5,498
5 years$5,475$5,213$4,965$4,730$4,506$4,093
6 years$4,516$4,257$4,012$3,782$3,566$3,170
7 years$3,832$3,575$3,334$3,110$2,900$2,521
8 years$3,319$3,064$2,828$2,609$2,406$2,045
9 years$2,921$2,668$2,436$2,222$2,026$1,682
10 years$2,602$2,352$2,123$1,915$1,726$1,399
11 years$2,341$2,094$1,869$1,667$1,485$1,174
12 years$2,124$1,879$1,659$1,462$1,286$992
13 years$1,941$1,698$1,482$1,291$1,122$843
14 years$1,784$1,544$1,332$1,146$983$720
15 years$1,647$1,410$1,202$1,022$866$617
16 years$1,528$1,294$1,090$915$765$531
17 years$1,424$1,192$992$822$679$458
18 years$1,331$1,101$906$741$603$396
19 years$1,247$1,020$829$669$538$343
20 years$1,173$948$761$606$480$297
21 years$1,105$883$700$550$430$258
22 years$1,044$824$645$500$385$225
23 years$988$771$596$456$346$196
24 years$936$722$551$416$311$171
25 years$889$678$510$380$280$149
26 years$846$637$473$347$252$130
27 years$806$600$439$318$227$113
28 years$769$565$408$291$205$99
29 years$734$533$380$267$185$87
30 years$702$503$354$245$167$76
31 years$672$476$330$225$151$66
32 years$644$450$308$207$137$58
33 years$618$426$288$190$124$51
34 years$593$404$269$175$112$45
35 years$570$383$251$161$102$39
36 years$548$364$235$148$92$34
37 years$527$346$220$137$83$30
38 years$508$328$206$126$76$26
39 years$489$312$193$116$69$23
40 years$472$297$181$107$62$20
41 years$455$283$170$99$56$18
42 years$439$269$159$91$51$15
43 years$424$257$149$84$46$14
44 years$410$245$140$78$42$12
45 years$396$233$132$72$38$10
46 years$383$223$124$66$35$9
47 years$371$212$116$61$32$8
48 years$359$203$109$57$29$7
49 years$348$194$103$52$26$6
50 years$337$185$96$48$24$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $345,000, adding $2,015 every year, while hoping to spend $25,821 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: 70/14/16 Blend
29$345,000$345,000$345,000$345,000
30$382,268$363,983$358,636$407,467
31$393,787$354,345$343,177$414,851
32$405,614$343,369$326,335$419,650
33$417,755$330,963$308,035$424,243
34$430,214$317,028$288,202$428,604
35$442,994$301,461$266,755$432,709
36$456,097$284,150$243,610$436,530
37$469,527$264,981$218,678$440,036
38$483,284$243,831$191,869$443,196
39$497,369$220,569$163,087$445,976
40$511,782$195,057$132,231$448,337
41$526,520$167,152$99,198$450,242
42$541,582$136,699$63,878$451,646
43$556,963$103,537$26,157$452,505
44$572,657$67,494$0$452,770
45$588,657$28,390$0$454,793
46$604,953$0$0$461,034
47$621,533$0$0$469,135
48$638,383$0$0$481,808
49$655,485$0$0$494,665
50$672,819$0$0$507,691
51$690,362$0$0$520,867
52$708,084$0$0$534,170
53$725,954$0$0$547,576
54$743,935$0$0$561,054
55$761,983$0$0$574,574
56$780,051$0$0$588,095
57$798,083$0$0$601,575
58$816,016$0$0$614,965
59$833,778$0$0$628,210
60$851,290$0$0$641,247
61$868,461$0$0$654,006
62$885,189$0$0$666,409
63$901,360$0$0$678,365
64$916,845$0$0$689,777
65$931,502$0$0$700,533
66$945,169$0$0$710,508
67$957,668$0$0$719,564
68$968,799$0$0$727,546
69$978,339$0$0$734,282
70$986,040$0$0$739,579
71$991,625$0$0$743,225
72$994,788$0$0$744,981
73$995,187$0$0$744,583
74$992,443$0$0$741,739
75$986,136$0$0$736,122
76$975,797$0$0$727,373
77$960,910$0$0$715,090
78$940,900$0$0$698,830
79$915,132$0$0$678,103
80$882,900$0$0$652,362
81$843,425$0$0$621,007
82$795,843$0$0$583,370
83$739,199$0$0$538,713
84$672,437$0$0$486,220
85$594,386$0$0$424,988
86$503,755$0$0$354,019
87$399,115$0$0$272,210
88$278,887$0$0$178,343
89$141,326$0$0$71,070
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0