Can I retire at age 30 with 362,000?

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 $362,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.8%
1 years$29,894$29,627$29,368$29,114$28,866$27,732
2 years$14,799$14,523$14,256$13,997$13,746$12,617
3 years$9,768$9,491$9,225$8,968$8,721$7,633
4 years$7,253$6,977$6,713$6,461$6,220$5,181
5 years$5,744$5,470$5,210$4,963$4,728$3,741
6 years$4,739$4,467$4,210$3,969$3,741$2,807
7 years$4,021$3,751$3,499$3,263$3,043$2,160
8 years$3,483$3,215$2,967$2,737$2,524$1,693
9 years$3,065$2,800$2,556$2,331$2,126$1,345
10 years$2,730$2,468$2,228$2,010$1,811$1,079
11 years$2,457$2,197$1,962$1,749$1,558$872
12 years$2,229$1,972$1,741$1,534$1,350$709
13 years$2,036$1,782$1,555$1,354$1,177$580
14 years$1,871$1,620$1,397$1,202$1,032$476
15 years$1,729$1,480$1,262$1,072$909$391
16 years$1,604$1,358$1,144$960$803$323
17 years$1,494$1,250$1,041$863$712$267
18 years$1,396$1,155$950$777$633$221
19 years$1,309$1,071$870$702$564$183
20 years$1,230$995$798$636$504$152
21 years$1,159$927$734$577$451$126
22 years$1,095$865$677$525$404$105
23 years$1,036$809$625$478$363$87
24 years$983$758$578$436$326$73
25 years$933$711$535$398$294$61
26 years$888$669$496$364$264$51
27 years$846$629$461$333$238$42
28 years$807$593$429$305$215$35
29 years$771$559$399$280$194$29
30 years$737$528$371$257$175$24
31 years$705$499$346$236$159$20
32 years$676$473$323$217$144$17
33 years$648$447$302$199$130$14
34 years$622$424$282$184$118$12
35 years$598$402$264$169$107$10
36 years$575$382$247$156$97$8
37 years$553$363$231$143$87$7
38 years$533$345$216$132$79$6
39 years$513$328$202$122$72$5
40 years$495$312$190$112$65$4
41 years$477$297$178$104$59$3
42 years$461$283$167$96$54$3
43 years$445$269$157$88$49$2
44 years$430$257$147$82$44$2
45 years$416$245$138$75$40$2
46 years$402$234$130$70$36$1
47 years$389$223$122$64$33$1
48 years$377$213$114$59$30$1
49 years$365$203$108$55$27$1
50 years$353$194$101$51$25$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $362,000, adding $3,122 every year, while hoping to spend $22,798 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: 30/49/21 Blend
29$362,000$362,000$362,000$362,000
30$402,144$382,958$377,347$411,492
31$418,906$377,466$365,732$413,384
32$436,614$370,941$352,963$413,160
33$455,339$363,308$338,978$412,440
34$475,161$354,488$323,711$411,197
35$496,167$344,397$307,095$409,400
36$518,451$332,947$289,057$407,019
37$542,114$320,044$269,522$404,026
38$567,272$305,587$248,413$400,387
39$594,046$289,473$225,647$396,073
40$622,571$271,591$201,139$391,053
41$652,997$251,821$174,800$385,296
42$685,483$230,042$146,537$378,771
43$720,209$206,120$116,252$371,449
44$757,368$179,917$83,844$363,300
45$797,173$151,287$49,207$354,297
46$839,859$120,075$12,230$344,413
47$885,683$86,116$0$333,624
48$934,925$49,239$0$328,010
49$987,896$9,260$0$324,771
50$1,044,934$0$0$321,177
51$1,106,413$0$0$335,587
52$1,172,742$0$0$356,564
53$1,244,371$0$0$379,264
54$1,321,794$0$0$403,848
55$1,405,555$0$0$430,496
56$1,496,252$0$0$459,403
57$1,594,540$0$0$490,787
58$1,701,142$0$0$524,884
59$1,816,852$0$0$561,956
60$1,942,544$0$0$602,291
61$2,079,179$0$0$646,205
62$2,227,812$0$0$694,046
63$2,389,608$0$0$746,198
64$2,565,846$0$0$803,082
65$2,757,933$0$0$865,163
66$2,967,420$0$0$932,951
67$3,196,012$0$0$1,007,009
68$3,445,587$0$0$1,087,957
69$3,718,212$0$0$1,176,475
70$4,016,161$0$0$1,273,315
71$4,341,940$0$0$1,379,303
72$4,698,306$0$0$1,495,349
73$5,088,297$0$0$1,622,456
74$5,515,256$0$0$1,761,727
75$5,982,865$0$0$1,914,378
76$6,495,179$0$0$2,081,747
77$7,056,664$0$0$2,265,309
78$7,672,239$0$0$2,466,687
79$8,347,320$0$0$2,687,672
80$9,087,873$0$0$2,930,232
81$9,900,470$0$0$3,196,539
82$10,792,349$0$0$3,488,983
83$11,771,485$0$0$3,810,197
84$12,846,658$0$0$4,163,084
85$14,027,546$0$0$4,550,839
86$15,324,806$0$0$4,976,983
87$16,750,180$0$0$5,445,395
88$18,316,602$0$0$5,960,350
89$20,038,324$0$0$6,526,555
90$21,931,044$0$0$7,149,197
91$24,012,059$0$0$7,833,993
92$26,300,425$0$0$8,587,238
93$28,817,138$0$0$9,415,872
94$31,585,328$0$0$10,327,536
95$34,630,482$0$0$11,330,655
96$37,980,681$0$0$12,434,508
97$41,666,863$0$0$13,649,320
98$45,723,119$0$0$14,986,357
99$50,187,009$0$0$16,458,034
100$55,099,920$0$0$18,078,028