Can I retire at age 30 with 360,000?

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 $360,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13%
1 years$29,728$29,464$29,205$28,953$28,707$28,348
2 years$14,717$14,443$14,177$13,920$13,670$13,309
3 years$9,714$9,439$9,174$8,919$8,673$8,321
4 years$7,213$6,938$6,676$6,425$6,186$5,845
5 years$5,713$5,440$5,181$4,935$4,702$4,375
6 years$4,713$4,442$4,187$3,947$3,721$3,406
7 years$3,999$3,730$3,479$3,245$3,026$2,725
8 years$3,464$3,198$2,951$2,722$2,510$2,222
9 years$3,048$2,784$2,542$2,319$2,114$1,839
10 years$2,715$2,454$2,216$1,999$1,801$1,539
11 years$2,443$2,185$1,951$1,739$1,549$1,300
12 years$2,217$1,961$1,731$1,526$1,342$1,105
13 years$2,025$1,772$1,547$1,347$1,171$945
14 years$1,861$1,611$1,390$1,196$1,026$813
15 years$1,719$1,471$1,255$1,066$904$701
16 years$1,595$1,350$1,138$955$799$607
17 years$1,486$1,243$1,035$858$708$528
18 years$1,388$1,149$945$773$630$459
19 years$1,302$1,065$865$699$561$401
20 years$1,224$989$794$633$501$350
21 years$1,153$922$730$574$449$307
22 years$1,089$860$673$522$402$269
23 years$1,031$805$621$475$361$236
24 years$977$754$575$434$324$207
25 years$928$707$532$396$292$182
26 years$883$665$494$362$263$160
27 years$841$626$458$331$237$141
28 years$802$590$426$304$214$124
29 years$766$556$397$278$193$110
30 years$733$525$369$256$175$97
31 years$701$497$344$235$158$85
32 years$672$470$321$216$143$75
33 years$645$445$300$198$129$66
34 years$619$422$280$183$117$59
35 years$595$400$262$168$106$52
36 years$572$380$245$155$96$46
37 years$550$361$229$143$87$40
38 years$530$343$215$131$79$36
39 years$510$326$201$121$72$32
40 years$492$310$189$112$65$28
41 years$475$295$177$103$59$25
42 years$458$281$166$95$53$22
43 years$443$268$156$88$48$19
44 years$428$255$146$81$44$17
45 years$414$243$137$75$40$15
46 years$400$232$129$69$36$13
47 years$387$222$121$64$33$12
48 years$375$212$114$59$30$10
49 years$363$202$107$55$27$9
50 years$351$193$101$50$25$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $360,000, adding $5,793 every year, while hoping to spend $24,655 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: 72/7/21 Blend
29$360,000$360,000$360,000$360,000
30$402,695$383,615$378,035$429,229
31$417,538$376,180$364,467$440,217
32$433,067$367,554$349,618$448,752
33$449,329$357,652$333,418$457,483
34$466,370$346,387$315,797$466,426
35$484,242$333,662$296,679$475,599
36$503,002$319,379$275,985$485,022
37$522,710$303,430$253,632$494,718
38$543,433$285,705$229,536$504,713
39$565,243$266,085$203,605$515,036
40$588,219$244,444$175,747$525,719
41$612,446$220,650$145,863$536,800
42$638,017$194,564$113,851$548,321
43$665,035$166,037$79,605$560,328
44$693,609$134,913$43,012$572,873
45$723,861$101,028$3,957$586,015
46$755,923$64,207$0$599,821
47$789,940$24,265$0$622,815
48$826,069$0$0$648,125
49$864,483$0$0$676,446
50$905,371$0$0$708,590
51$948,941$0$0$742,852
52$995,418$0$0$779,411
53$1,045,051$0$0$818,464
54$1,098,111$0$0$860,227
55$1,154,897$0$0$904,935
56$1,215,736$0$0$952,848
57$1,280,986$0$0$1,004,249
58$1,351,041$0$0$1,059,452
59$1,426,333$0$0$1,118,797
60$1,507,335$0$0$1,182,660
61$1,594,568$0$0$1,251,455
62$1,688,604$0$0$1,325,634
63$1,790,070$0$0$1,405,694
64$1,899,656$0$0$1,492,184
65$2,018,120$0$0$1,585,703
66$2,146,296$0$0$1,686,913
67$2,285,099$0$0$1,796,540
68$2,435,537$0$0$1,915,382
69$2,598,715$0$0$2,044,316
70$2,775,853$0$0$2,184,310
71$2,968,289$0$0$2,336,424
72$3,177,496$0$0$2,501,827
73$3,405,095$0$0$2,681,805
74$3,652,870$0$0$2,877,771
75$3,922,782$0$0$3,091,282
76$4,216,990$0$0$3,324,051
77$4,537,871$0$0$3,577,962
78$4,888,041$0$0$3,855,090
79$5,270,378$0$0$4,157,718
80$5,688,052$0$0$4,488,361
81$6,144,552$0$0$4,849,786
82$6,643,719$0$0$5,245,040
83$7,189,782$0$0$5,677,478
84$7,787,398$0$0$6,150,795
85$8,441,696$0$0$6,669,057
86$9,158,321$0$0$7,236,745
87$9,943,492$0$0$7,858,791
88$10,804,058$0$0$8,540,629
89$11,747,561$0$0$9,288,243
90$12,782,308$0$0$10,108,221
91$13,917,449$0$0$11,007,824
92$15,163,062$0$0$11,995,045
93$16,530,248$0$0$13,078,693
94$18,031,233$0$0$14,268,468
95$19,679,489$0$0$15,575,055
96$21,489,853$0$0$17,010,228
97$23,478,670$0$0$18,586,953
98$25,663,947$0$0$20,319,518
99$28,065,521$0$0$22,223,659
100$30,705,247$0$0$24,316,718